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…

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Spirit Airlines to furlough 270 pilots amid cost-cutting measures

Spirit Airlines is preparing to furlough 270 pilots this fall.  The furloughs will go into effect on November 1, the budget-friendly airline said on Monday. An additional 140 pilots will be demoted on October 1, as the cash-strapped carrier looks to scale down its workforce to match a downsized schedule.”We…

Boeing defense workers reject contract offer, prepare for August strike

Boeing is preparing for a potential labor strike from its defense division as early as Aug. 4, after union members who build military aircraft in St. Louis, Missouri, “overwhelmingly” rejected the company’s latest contract offer on Sunday.  The International Machinists and Aerospace Workers (IAM), representing 3,200 employees across three St. Louis-area…

Trump announces 15% baseline tariff framework in new US-EU trade deal

President Donald Trump on Sunday announced that the U.S. and European Union had reached an agreement on a framework for a trade deal. Trump and European Commission President Ursula von der Leyen unveiled the deal following a meeting in Scotland, which will bring certainty to the tariff policy that had been in…

Transparency needed as Fed pays banks 6 billion while operating at a loss

The Federal Reserve (the “Fed”) is a behemoth agency with the ability to manipulate and control the entire American economy. Our jobs, our finances, our savings and, ultimately, our livelihoods — all of them are subject to the decisions made at the Fed.   But the Fed’s deliberations and operations…

Trump announces 15% baseline tariff framework in new US-EU trade deal

The euro rose on Monday after the United States reached a framework trade agreement with the European Union.  U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal during a meeting in Scotland on Sunday. The deal will see a 15% tariff on EU goods imported…

Japan’s 1990s downturn affected tourist spots, influencing them then and now

An urban explorer recently documented a largely abandoned, yet remarkably well-preserved, Japanese resort town. Kinugawa Onsen, located in Nikkō, a city in central Japan’s Tochigi Prefecture, was once a thriving tourist destination known for its hot springs and towering cliffside hotels. “I was scouting other nearby locations when I came across…

USDA to vacate several Washington buildings, relocate staff to regional hubs

The U.S. Department of Agriculture announced Thursday it will relocate much of its staff in the Washington, D.C., area to five regional hubs and vacate several buildings in the nation’s capital, including its flagship research center. No more than 2,000 USDA employees will remain in the Washington area at the…

State Farm to hike Illinois home insurance rates by 27%

State Farm will soon hike insurance rates on Illinois homeowners by more than 27%. That is effectively adding $746 to the average policyholder’s annual premium. For comparison, the average homeowner’s insurance costs are roughly $2,110 a year, or about $176 a month, according to a May analysis by NerdWallet.Illinois Gov.…