Business

‘Do Not Drive’ recalls jump more than 65% since summer 2024

The number of critical “Do Not Drive” recalls jumped more than 65% since the summer of 2024, according to recent CARFAX data.  In total, about 725,000 vehicles that are currently on the road have a “Do Not Drive” recall, most of which are concentrated in California, Texas, Florida and Arizona,…

Inflation remained stubbornly high in August as Fed weighs rate cuts

Inflation rose in August and remained well above the Federal Reserve’s target rate as central bank policymakers weigh potential interest rate cuts at their meeting next week. The Bureau of Labor Statistics on Thursday said that the consumer price index (CPI) – a broad measure of how much everyday goods like…

Klarna CEO calls IPO day a ‘very special’ moment

Klarna CEO Sebastian Siemiatkowski said it was a “very special” moment after the company was given a $19.5 billion valuation after going public Wednesday Shares of the buy-now-pay-later company rose more than 30% on Wednesday due to the company raising $1.37 billion in its initial public offering. The stock opened at…

Major grocery store closing a dozen locations in 3 states

A dozen Safeway stores throughout three states are slated to close by early November as the company aims to better align with consumer demand and ensure its long-term growth.  A spokesperson for Safeway’s parent company, Albertsons, said the company consolidated the two of its divisions – the Intermountain and Denver…

Business leaders react to shooting death of Charlie Kirk

Turning Point USA founder Charlie Kirk died after being shot at an event on Wednesday afternoon at Utah Valley University. He was 31 years old.  Kirk’s death was confirmed by President Donald Trump.”The Great, and even Legendary, Charlie Kirk, is dead. No one understood or had the Heart of the…

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