Business

Federal Reserve policymakers cut interest rates for the third straight meeting on Wednesday while signaling there may be only one cut next year as rates get closer to a neutral level.The Fed lowered the benchmark federal funds rate by 25 basis points to a range of 3.5% to 3.75%, and its announcement was accompanied by a summary of economic projections – commonly known as the "dot plot" – that includes […]

Cracker Barrel is taking heat from loyal diners who say food quality has slipped – from chilled biscuits to reheated sides – deepening frustration that accelerated after the company scrapped its old logo and removed the iconic Uncle Herschel before reversing course, leaving many convinced the real decline is on the plate.The Wall Street Journal reported that customers upset by recipe changes and cost-cutting efforts said the chain’s meals no […]

McDonald's pulled a Christmas ad made by artificial intelligence after viewers deemed it "creepy."The 45-second ad, which originally premiered Saturday on the company's Netherlands YouTube channel, was set to the Christmas song, "It’s the Most Wonderful Time of the Year" with altered lyrics dubbing it the "most terrible time of the year." The ad also featured absurd holiday situations such as a Christmas tree exploding in a living room and Santa […]

The Coca-Cola Company announced Wednesday that Henrique Braun will become its next CEO, effective March 31, 2026.Braun, the company's executive vice president and chief operating officer, will succeed longtime CEO James Quincey, who will transition to executive chairman after nine years leading the beverage giant, according to an announcement from the company."I’m honored to take on this new role and have tremendous appreciation for everything James has done to lead […]

Over the past year, the Fed has reduced their target rate by 175 basis points. And it now stands at three and a half and three-quarter percent.Noteworthy, in today’s meeting, there were three dissents. Trump’s man, Stephen Miran, wanted a half a point cut. Obama’s man, Austan Goolsbee, didn’t want any rate cut. And the Kansas City Fed’s Jeffrey Schmid, also voted against the rate cut. Stock markets roared with […]

Federal Reserve Chairman Jerome Powell refused to weigh in on who could replace him as President Donald Trump meets with prospective contenders to run the world’s most powerful central bank.When asked by FOX Business whether Trump’s public search for a new Fed chair affects his ability to do the job, Powell responded flatly, "No."Powell also declined to say whether he would stay on the Federal Reserve Board of Governors.POWELL REFUSES […]

The 2025 edition of Jimmy V Week kicked off with an unreal comeback victory by No. 10 BYU on Tuesday after the team came back from being down 22 points before the last two national champions in UConn and Florida took the court at Madison Square Garden.During halftime of the games, though, four fan bases came together to watch Jim Valvano's famous ESPYs speech in awe.The laughter and applause from […]

GoFundMe’s 2025 "Year in help" review found that its crowdfunding platform was increasingly used by Americans to fundraise for basic economic needs."Monthly bills" was the second-fastest growing category on the platform behind "Charity."The review found that the most common words in fundraiser descriptions this year were "work," "food," "bill," "home," "care" and "love."GoFundMe said essential expense fundraising increased by 20%, and more fundraisers were started for food banks than any […]

PepsiCo said it is eliminating hundreds of products from shelves by early next year following discussions with an activist investor pushing the company to cut costs and streamline its product lineup.On Monday, the food giant, whose brands include Fritos, Gatorade, Doritos, Cheetos and Aquafina, said it is in the process of reducing nearly 20% of the SKUs (stock keeping units) that it sells in the U.S. by early 2026. It […]