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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June CPI: Inflation ticked higher as the Fed weighs interest rate cut timing

Inflation increased in June and moved further away from the Federal Reserve’s target rate as central bank policymakers prepare to meet later this month amid President Donald Trump’s calls for interest rate cuts. The Bureau of Labor Statistics on Tuesday said that the consumer price index (CPI) – a broad measure…

Trump calls for 3-point interest rate cut after June inflation data released

President Donald Trump on Tuesday said consumer prices are lower and that the Federal Reserve should lower interest rates. “Consumer Prices LOW. Bring down the Fed Rate, NOW!!!” Trump said in a post on Truth Social.The president said in a separate post that the central bank should lower rates by…

Avelo Airlines closing West Coast base at Hollywood Burbank Airport

Avelo Airlines, a budget carrier based in Texas, on Monday said it will shut down its West Coast operations at Hollywood Burbank Airport amid financial challenges. Avelo will reduce its operations at the airport to one aircraft until Dec. 2 before closing its Southern California base, which currently serves 13…

GE Vernova adds M to modernize Pennsylvania electric grid infrastructure

GE Vernova, the energy spin-off of GE, is investing an additional $80 million in its flagship grid solutions factory in Pennsylvania over the next two years to modernize the electric grid and meet growing demand. The investment will create 250 jobs at the leading grid solutions factory in Charleroi. It…