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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1-800-Flowers.com to deliver millions of stems for Mother’s Day

Mother’s Day is one of the busiest holidays of the year for 1-800-Flowers.com. The company, headquartered in New York, expects to deliver 17.8 million stems for the occasion, including 6.9 million roses and 2.8 million tulips. “Delivering so many flowers in such a tight timeframe, as with the Mother’s Day…

Patriotic apparel brand RiserUnited honors the American flag

RiserUnited, a newly founded online clothing company based out of Dallas, gives shoppers the opportunity to “wear their values” by selling patriotic apparel that honors the American flag. “We believe that when you rise for the flag, and you understand what the flag represents, it gives you a sense of…

Financial exchange MIAX’s IPO soars, eyes Miami expansion

Miami International Holdings, also known as financial markets exchange MIAX, raised over $345 million in its IPO Wall Street debut.  Shares, which priced at $23, rose over 33% on the first day of trading and are listed on the New York Stock Exchange under the ticker MIAX.Ticker Security Last Change…

Mortgage rates fall to 6.58%: Freddie Mac

Mortgage rates fell to the lowest level of the year this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.58% from last week’s reading of 6.63%.The average rate on…

Social Security beneficiaries may see 2.7% COLA increase in 2026 payments

The projection for Social Security’s annual cost-of-living adjustment (COLA) for next year is getting higher, according to a new report. The Senior Citizens League on Tuesday released an update that showed its model now forecasts the 2026 COLA will be 2.7% as of July – an increase from its previous estimates…

Inflation concerns return as July PPI surges more than expected

Wholesale inflation increased much more than expected in July, raising concerns about a resurgence of inflationary pressures in the economy.  The Bureau of Labor Statistics on Thursday released the producer price index (PPI) for the month of July, which showed an increase of 0.9% from the prior month and 3.3% from…

Starbucks CEO wants 4-minute service goal with Green Apron program

Four minutes or less. That is how long the Starbucks chief executive officer would like for it to take from order to drink in hand.  The new operating model is called “Green Apron Service,” according to WGN. Starbucks CEO Brian Niccol said he believes it needs to become “the world’s greatest…

Kansas City Fed’s Schmid favors keeping interest rates steady

A member of the Federal Reserve panel that makes decisions about monetary policy said that he favors keeping interest rates at their current level to prevent strong levels of economic activity spurring a resurgence of inflation. Federal Reserve Bank of Kansas City President Jeffrey Schmid said that, in his view of…