Business & Economy

On Monday, David Rice was named president and CEO of Associated Food Stores. Photo credit: Associat...
Mark Jones

Associated Food Stores name David Rice as its new CEO/President

On Monday, Associated Food Stores named David Rice as its new CEO and president.
4 years ago
Draper City is suing, Geneva Rock, a mining company at the Point of the Mountain. The city is conce...
Jessica Lowell & Allie Litzinger

Draper City suing Geneva Rock, the mining company at Point of the Mountain

Draper City is suing, Geneva Rock, a mining company at the Point of the Mountain over concerns about what the company's mining activity will do to the area.
4 years ago
apartments for rent...
Kate Davis, Amie Schaeffer

Utah rental prices continue to soar

The cost of renting has skyrocketed in Utah. The price to rent in the state increased more in the past two years more over the two last years than they did in the decade prior.
4 years ago
homes...
Kate Davis

Home prices in Salt Lake City harbinger of a national trend?

A report from Zillow shows that home values in Salt Lake City fell more than 7% from May to August 2022.
4 years ago
Mom and daughter with piggy bank. Parents can have a big role in the financial education of their k...
Adam Small

BYU study finds role-modeling, hands-on learning most effective financial education for kids

Financial education from parents to their children is best done through modeling and hands-on learning, according to researchers.
4 years ago
Fallen palm trees lay over the Ports of Call Resort entrance after the passage of Hurricane Fiona i...
Alejandro Lucero

How to avoid scammers when donating to hurricane relief

Scammers are targeting many well-intentioned people who are looking to donate to those affected by Hurricane Fiona. Learn how to donate effectively.
4 years ago
This many days in the heat can present unique challenges for machinery of all kinds, including our ...
Jessica Lowell

Extending the life of your car: Getting more miles out of your vehicle

New and used vehicles have a hefty price tag. There are many ways car owners can keep their cars running longer.
4 years ago
consume plastic...
Martha C. White, CNN

America’s dependence on credit cards is growing. The Fed’s rate hike will make it more painful

Data from Bank of America reflects higher rates of borrowing among lower income Americans. Credit utilization, a ratio of how much available credit a person has used as a percentage of their credit limit, has been rising since early 2021.
4 years ago
A hand holding a car key....
Jessica Lowell

Extending the life of your car: are extended warranties worth the cost?

When are extended warranties on vehicles worth the cost? Advice on warranties and how to extend the life of your car.
4 years ago
Ford just unveiled a new Mustang coupe that, notably, is not electric or even hybrid. The new two-d...
Peter Valdes-Dapena, CNN Business

Ford: Gas cars are a growth business for us

Gas cars aren't dying, according to an executive at Ford. In fact, they are "booming" the executive says.
4 years ago
The Provo-Orem area is the second-best place in the nation to buy a house for first-time homebuyers...
Anna Bahney, CNN Business

Home sales dropped 20% in August from a year ago

For the seventh month in a row, home sales have declined.
4 years ago
FILE: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a...
Nicole Goodkind, CNN Business

Fed raises interest rates by three-quarters of a percentage point

The Federal Reserve made history Wednesday, approving a third consecutive 75-basis-point hike in an aggressive move to tackle inflation.
4 years ago
pay gap...
Elizabeth Weiler

Utah’s young adults being launched into the world of financial responsibility

Because young adults are rarely in personal high-income situations, they are categorized as low-income, making them at higher risk for credit card debt. 
4 years ago
Wall street sign pictured. Interest rate hike will affect wall street...
Chris jacobs

Interest rate hike could threaten the economy, according to local economist

We’ve already had one interest rate hike and inflation is still here and the Fed is hoping round two will go better.
4 years ago
FedEx recession...
Chris Isidore, CNN Business

FedEx warns of global recession, cutting sales forecast by half a billion

FedEx is responding by reducing flights, temporarily parking aircraft, trimming hours for its staff, and closing 90 FedEx Office locations.
4 years ago
FILE - A hiring sign is in front of a Target store in Manchester, Conn., Nov. 39, 2021. (AP Photo/T...
Amie Schaeffer

August unemployment rate holds at 2%

The unemployment rate for Utah remained at 2% adding over 54,000 jobs this past year.
4 years ago
With Lake Powell's water levels increasing all year, it's hard to believe that they may be in dange...
Lindsay Aerts

A pipeline from Lake Powell to Washington County is taking shape

Utah is moving forward with the Lake Powell Pipeline, but opponents say it's too costly and that Utah doesn't have the right to divert the water.
4 years ago
Amazon email...
Catherine Thorbecke, CNN Business

You could soon receive even more emails after shopping on Amazon

Amazon has announced that US merchants will be able to send free marketing email to reach some of Amazon's existing customers.
4 years ago
agriculture...
Mark Jones

Officials confirm fourth case of avian influenza in Sanpete County

On Wednesday, the Utah Department of Agriculture and Food confirmed a fourth case of Highly Pathogenic Avian Influenza at a turkey farm in Sanpete County.
4 years ago
A Norfolk Southern freight train passes a train on a siding as it approaches a crossing in Homestea...
Chris Isidore, Vanessa Yurkevich and Jeremy Diamond, CNN Business

Railroad strike averted after marathon talks reach tentative deal

The deal with unions representing more than 50,000 engineers and conductors was announced just after 5 a.m. ET in a statement from the White House, which called it "an important win for our economy and the American people."
4 years ago
A Norfolk Southern freight train passes a train on a siding as it approaches a crossing in Homestea...
Chris Isidore and Vanessa Yurkevich, CNN Business

Intensifying efforts to avert crippling rail strike go into overtime

Efforts have been intensified on both sides to avoid a rail strike that could begin as early as Friday.
4 years ago
Starbucks employees striking in front of the store...
Danielle Wiener-Bronner, CNN Business

Inside Starbucks’ plan to speed up service

(CNN) — Starbucks is rolling out a sweeping plan to spark growth over the next three years — from faster Frappuccinos to more digital rewards. On tap: New equipment that makes it easier for baristas to prepare complicated drinks in seconds. Thousands of new US stores. A more reliable mobile app with new rewards. And […]
4 years ago
beauty obsessed...
Elizabeth Weiler

Salt Lake City ranks near the top of beauty-obsessed cities

StyleSeat beauty blog examined business listings for its study. Based on those numbers (and ratings) Salt Lake City came in at No. 2.
4 years ago
A report from Axio says people are spending more money at restaurants than at the grocery store. KS...
Danielle Wiener-Bronner, CNN Business

Burger King has a plan to make you fall in love with the Whopper again

The company that owns Burger King plans to invest $400 million to improve its brand, including $250 million for updating restaurant technology and kitchens.
4 years ago