Business

Fed Governor Miran defends call for bigger interest rate cut

Newly confirmed Federal Reserve Governor Stephen Miran on Friday defended his stance on wanting an interest rate cut of 50 points as opposed to 25 points. “My view is that there’s a number of disinflationary forces in the works that are coming into play that will be bringing inflation down…

Salad chain to close 41 stores nationwide

Salad and Go said it is closing 41 stores nationwide to focus on strengthening operations in the Dallas metro area and Oklahoma. The company will shut down all locations in Houston, Austin and San Antonio, as well as some in the Dallas metro area and Oklahoma.”Our presence in Texas will…

Social Security chief says all options, including retirement age, being considered

With hopes of avoiding Social Security insolvency, the Trump administration is reportedly evaluating all available options, including raising the retirement age. “I think everything’s being considered, will be considered,” Social Security Administration Commissioner Frank Bisignano said on “Mornings with Maria” Thursday. He was responding to host Maria Bartiromo asking whether…

Steak ‘n Shake owner’s fight to remove Cracker Barrel CEO just intensified

The owner of Steak ‘n Shake is trying to pressure Cracker Barrel’s board into overhauling its leadership, which they claim destroyed shareholder value.  Sardar Biglari, founder of Biglari Capital Corporation, which owns 2.9% of all the Cracker Barrel Old Country Store’s common stock, is leading a proxy battle at Cracker…

Trump Media backs 5 America-focused ETFs

A new suite of exchange-traded funds dedicated to American business is in the pipeline and backed by Trump Media and Technology Group.  The funds, also known as “Truth Social Funds,” will span domestic icons, security and defense, next frontiers, energy and real estate investment funds in red states, according to…

ABC braces for a financial hit as Kimmel removal shuts out these advertisers

The indefinite suspension of Jimmy Kimmel’s late-night show, which has been a staple on ABC for more than two decades, may have both short and long-term effects on the network’s advertising revenue. Pulled from the air on Wednesday, “Jimmy Kimmel Live!” has aired since 2003, first at 12:05am, and moving…

Senate Dem blasted for ‘taking it in the neck’ comment about small businesses: ‘Calculated, violent rhetoric’

Democratic Sen. Mazie Hirono of Hawaii spoke out against the Trump administration’s tariffs on Thursday, declaring that small businesses “are taking it in the neck with these tariffs,” and then stood firmly behind her comment after Small Business Administration Administrator Kelly Loeffler accused her of “calculated, violent rhetoric.” “This disgraceful…

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