Cracker Barrel eliminates DEI programs, brings back handmade biscuits

FIRST ON FOX: Cracker Barrel is highlighting a series of changes the restaurant chain has implemented in the wake of aggressive backlash from customers in recent weeks, ranging from a throwback in biscuit preparation to the elimination of Diversity, Equity and Inclusion (DEI) programs. Cracker Barrel is poised to announce…

Klarna valued at B ahead of trading debut

Buy now, pay later company Klarna is making its long-awaited initial public offering on Wednesday after raising $1.37 billion. The Swedish firm priced its IPO at a higher-than-expected $40, above the $35 to $37 expected range, valuing the company around $15 billion.COSTCO ROLLS OUT BUY NOW, PAY LATER FOR BIG…

Money

Featured Articles

Investing

More

Startups

More

Fintech

More

All News

3,200 Boeing workers strike in Missouri and Illinois after rejecting deal

More than 3,200 Boeing union workers in Missouri and Illinois are on strike following the rejection of a four-year labor agreement with the aerospace company. The workers who assemble fighter jets turned down a four-year contract that would have raised the average wage by roughly 40% and included a 20%…

Orlando marks 150 years while diversifying economy beyond tourism

As Orlando celebrates 150 years of history, its mayor is looking forward to its future as a destination known for more than just theme parks. “We are much, much more than just tourism,” Orlando Mayor Buddy Dyer told FOX Business, adding that, over the last 20 years, the goal of…

Fed governors Bowman and Waller explain dissents in favor of interest rate cuts

Federal Reserve Governors Michelle Bowman and Christopher Waller on Friday released statements outlining why they supported an interest rate cut at this week’s meeting. It marked the first time in more than 30 years that two Fed governors dissented from a decision about rates. The last time was in 1993.…

McDonald’s plans to double down on AI globally by 2027

McDonald’s is ramping up its use of artificial intelligence to streamline customer orders and sharpen its business operations, with plans to “double down” on AI investments by 2027, a senior executive said on Friday, according to Reuters.  The fast-food giant currently uses AI to verify orders at 400 restaurants in India, allowing…

NYC cleaning lady recalls terrifying encounter with Manhattan office shooter

A New York City cleaning worker who came face to face with the shooter in the Manhattan office building attack is now speaking out about her terrifying encounter, saying she was “so scared” and hid in a closet for hours until police arrived.  Sebije Nelovic said gunman Shane Tamura exited an…

Labor Department revises jobs data showing 911,000 fewer positions through March

The U.S. economy added jobs in July – though it was at a slower pace than in the last several months as uncertainty over economic conditions mounted. The Labor Department on Friday reported that employers added 73,000 jobs in July, a figure that was cooler than the estimate of economists polled…

Microsoft hits  trillion market cap, joins Nvidia in exclusive club

Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level.  Ticker Security Last Change Change % MSFT MICROSOFT CORP. 533.50 +20.26 +3.95% The upward move came after the tech giant posted stronger-than-expected results. Revenues jumped 18% to $76 billion, and net…

Moderna to lay off 10% of workforce in major cost-cutting move

Biotech company Moderna said Thursday it plans to cut 10% of its global workforce and expects to have fewer than 5,000 employees by the end of the year.  The move is part of the company’s ongoing effort to lower its annual operating expenses by around $1.5 billion by 2027, Moderna…

Figma going public: The CEO had a fellowship with Peter Thiel’s foundation

Design software maker Figma will debut with shares indicated to open at more than triple their initial public offering (IPO) price, with the deal oversubscribed. Figma CEO Dylan Field co-founded the firm and has served as CEO since 2012, becoming chair of the board of directors in April 2025.The company’s biography…

June PCE: Fed’s favored inflation gauge ticked higher in June

The Federal Reserve’s preferred inflation gauge showed that prices increased slightly in June as the central bank continues to monitor for signs of tariff-induced inflation impacting consumers. The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.3% on a monthly basis and 2.6% from a year ago,…