Key Fed inflation measure rose 0.6% in January, more than expected
A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank has more work to do to bring down prices. The…
New measures that cut the cost of FHA mortgage loans roll out in March
The Biden administration has announced new measures it says could help make buying and owning a home more affordable for hundreds of thousands of people. The plan will cut mortgage…
Starbucks adds olive oil in coffee; CEO calls it a ‘market maker’
Starbucks’ new line of olive oil-infused coffee drinks could disrupt the industry, interim CEO Howard Schultz told CNBC’s Jim Cramer on Tuesday. “This is a transformational moment in the history…
Feds fine Mormon church for illicitly hiding $32 billion investment fund behind shell companies
The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the Securities and Exchange Commission over accusations that the…
Home Depot raises starting hourly pay to $15 amid ongoing nationwide labor shortage
Home Depot announced Tuesday it was investing $1 billion in its hourly workers, bringing their average starting salary to $15 an hour. The workers will see the increase, which went…
Lufthansa tech meltdown strands thousands of passengers
An IT failure at Lufthansa stranded thousands of passengers and forced flights to Germany’s busiest airport to be canceled or diverted Wednesday, with the airline blaming botched railway engineering works…
Adidas warns dropping Kanye West could cost it more than $1 billion
Adidas said Thursday that it is at risk of losing as much as 1 billion Euros — equivalent to $1.07 billion — in operating profits if it fails to successfully…
Florida to place leadership of Disney’s special operating district under DeSantis’ control
Florida lawmakers have approved a bill that makes changes to Disney’s Reedy Creek special governing district, including replacing its board of supervisors and giving it a new name. Gov. Ron…
Baby registry megasite Babylist opening first retail store
If you’ve had a baby, or know someone who has, the odds are good that you’ve encountered Babylist, a baby registry website that served more than 9 million new parents…
Chick-fil-A will test a cauliflower sandwich in its first plant-based pilot
Chick-fil-A will test its first plant-based entree: a cauliflower sandwich. The new sandwich closely resembles its famous chicken sandwich, but uses breaded and pressure-cooked cauliflower in place of meat. Starting…