Federal investigators are examining a crash in which two Amazon Prime Air delivery drones struck a construction crane in Tolleson, Arizona, a city west of Phoenix, on Wednesday. Tolleson police said the morning crash occurred in a commercial area near 96th Avenue and Roosevelt Street, according to FOX 10 Phoenix.The…
The ongoing partial government shutdown prevented the Labor Department from releasing the anticipated September jobs report as scheduled on Friday, causing economic data watchers to turn their attention to alternative sources to gauge labor market conditions. The Bureau of Labor Statistics’ September jobs report was expected to show the economy added…
Mortgage rates have climbed for the second straight week, despite the Federal Reserve delivering its first interest rate cut in nearly a year, underscoring that a range of factors influence borrowing costs. Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed mortgage rose to 6.34%, up…
Cracker Barrel is ending its partnership with Prophet, the consulting firm behind its failed rebrand. The chain faced intense backlash after unveiling a new logo and redesigned stores that longtime fans said stripped away what they loved most about the brand.Cracker Barrel’s restaurants, long known for their kitschy Americana décor,…
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A listeria outbreak affecting certain recalled prepared meals sold at Trader Joe’s and Walmart has led to four deaths as well…
Boeing is reportedly developing a new single-aisle airplane that will eventually replace its 737 Max aircraft, which has faced a…
A listeria outbreak affecting certain recalled frozen meals sold at Trader Joe’s and Walmart has led to four deaths as well…
German aviation group Lufthansa is cutting 4,000 administrative jobs over the next five years as it seeks to raise profitability…
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Beef prices are at a record high in the wake of a drought that left cattle inventory at the lowest level in 70 years amid strong demand, resulting in price increases for steak and ground beef. The Bureau of Labor Statistics’ consumer price index report…
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Cracker Barrel on Wednesday released its fourth quarter earnings results, but much of the attention centered on the restaurant chain’s swift reversal of its controversial logo redesign that went viral online. The company — based out of Lebanon, Tennessee — reported total revenue of $868 million, down 2.9% from the…
The Federal Reserve on Wednesday announced the first interest rate cut of the year as policymakers lowered its benchmark interest rate by 25-basis-points, as signs of a weakening labor force outweighed elevated inflation. Following the central bank’s decision to cut rates for the first time since December 2024, the federal funds…
Ice cream maker Ben & Jerry’s co-founder Jerry Greenfield has quit the company, as the divide with parent Unilever grew over its stance on the Israel-Hamas war in Gaza. His partner, Ben Cohen, shared Greenfield’s open letter on X on Wednesday, saying it was a “difficult decision.” Greenfield had been…
Eli Lilly on Tuesday announced a $5 billion investment in a manufacturing facility in Virginia as the pharmaceutical giant looks to expand its domestic production capacity amid the threat of tariffs. The manufacturing facility is expected to generate 650 high-wage jobs and 1,800 construction jobs at the West Creek Business…
The Federal Reserve is expected to announce its first interest rate cut this year on Wednesday despite signs of tariffs pushing inflation higher amid rising concerns about the labor market. Policymakers on the Federal Open Market Committee (FOMC) are expected to cut the benchmark federal funds rate by 25 basis points,…
Tesla CEO Elon Musk on Monday disclosed the purchase of about $1 billion in shares of the electric-vehicle maker in a show of confidence about the company’s future. A regulatory filing disclosed that Musk bought 2.57 million shares of Tesla stock on Friday at a price between $372.37 and $396.54 per share.Musk’s…
Employers across the country are taking disciplinary action against workers who mocked the assassination of Charlie Kirk, with many going as far as firing. At least eight companies and organizations have given employees the axe so far after the 31-year-old founder of Turning Point USA was shot and killed during…
United Airlines and Spirit Airlines are clashing over the future of ultra-low-cost carrier (ULCC) models. While Spirit has thrived on this model, it filed for its second bankruptcy in under a year late last month.Speaking at an industry conference on Thursday, United Airlines CEO Scott Kirby predicted Spirit Airlines would…
Social Security beneficiaries are likely to receive a larger cost of living adjustment (COLA) next year after the latest inflation data show price pressures persisting, according to a new report. Social Security’s COLA is calculated using a variant of CPI data that measures average annual inflation for the months of…
Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, will begin trading on Friday after raising $425 million in an initial public offering that signals another advance for the industry. Shares, which trade under the ticker GEMI, priced at $28 – the high end of the expected $24 to…
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