Business & Economy

retirement...
Amber Gentry

Retired individuals are returning to the workforce in droves

Tired of retirement? Research reveals that retired individuals are returning to the workforce in the multitudes. DMBA Certified Financial planner Shane Stewart joined Utah’s Morning News on Monday to explain the reasoning’s why we are seeing this trend.  “There are some who retired for what we call ‘bad reasons,’ meaning they were fearful of the pandemic or were forced […]
5 years ago
A Target store is shown in Philadelphia on Wednesday, Nov. 17, 2021. Target says having its stores ...
The Associated Press

Target to keep stores closed on Thanksgiving for good

Target will no longer open its stores on Thanksgiving Day, making permanent a shift to the unofficial start of the holiday season that was suspended during the pandemic.
5 years ago
SAN LEANDRO, UNITED STATES - 2021/10/16: A driver pumps gas at a gas station of Costco in Californi...
By Nathaniel Meyersohn, CNN Business

Here’s why gas is so cheap at Costco and Walmart

 (CNN) — Gas prices are skyrocketing, and Americans want to save at the pump. That plays right into the hands of Costco, BJ’s Wholesale Club and Sam’s Club. The national gas price average jumped to $3.41 a gallon Friday, according to AAA, 61% higher than the average at the same time last year. The Biden administration has […]
5 years ago
The sign of a Chick-fil-A is seen July 26, 2012 in Springfield, Virginia....
Karilyn Frazier

A local restaurant’s balloon landed in an American Fork neighborhood

A local restaurant lands a balloon in an American Fork neighborhood, and the people living there received free chicken sandwiches.
5 years ago
A “now hiring” sign is pictured at Salt Lake Running Company in Salt Lake City on Friday, Nov. ...
Colby Walker

Utah reports lowest unemployment ever at 2.2%

The state of Utah just reported its lowest unemployment rate ever. Utah's nonfarm payroll employment in October fell to an all-time low of 2.2% with approximately 37,400 Utahns unemployed.
5 years ago
Workers hold signs during a strike outside the John Deere Regional Parts Distribution facility in M...
Chris Isidore, CNN Business

Strike at John Deere to end as UAW members ratify contract offer

More than 10,000 workers at John Deere will end a five-week strike and return to work after voting nearly two-to-one in favor of an offer very similar to one they rejected at the start of this month.
5 years ago
business homeless shelter salt lake...
Nick Wyatt

Mixed emotions to announcement of emergency shelter site in Salt Lake

A business owner is concerned about the homeless shelter's impact on her restaurant, and council members said they also have reservations.
5 years ago
Utah ranked one of the worst states to work in....
Nick Wyatt

Report: there are 3 open jobs for every 1 unemployed Utahn

The Pew Charitable Trusts reports most states in the U.S. have more open jobs than unemployed Americans. In Utah, the ratio is 3 to 1.
5 years ago
A person shops in the meat section of a grocery store on Nov. 11 in Los Angeles, California. Photo ...
Allison Morrow, CNN Business

Inflation, explained: Why prices keep going up and who’s to blame

Why prices keep going up and who it to blame?
5 years ago
Salt Lake City mayor announces...
Kelsey Earl

Salt Lake City Mayor announces ‘Choose SLC’ Winter Market

Salt Lake City Mayor Mendenhall announces kick-off of 'Choose SLC' event as a reminder to shop local.
5 years ago
quit their jobs...
Nick Wyatt

Not as many Utahns quit their jobs in September as the rest of the country

A record 4.4 million Americans quit their jobs in September, but the trend wasn't quite as extreme in Utah.
5 years ago
The Utah Department of Workforce Services is hosting a statewide virtual job fair....
Anneken Tappe, CNN Business

A record number of Americans quit their jobs in September

A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick.
5 years ago
carvana car vending machine debuts in Utah...
Curt Gresseth

First car vending machine debuts in Utah

Carvana debuted the first car-vending machine to appear in Utah -- an eight-story, life-size car vending machine located just off Interstate 15 in Lehi.
5 years ago
FEMA Provides aide to Utah....
Eliza Craig

FEMA adds $8.4 million to Utah’s COVID response fund

FEMA said the funding will go toward personal protective equipment including medical gowns, N95 masks, and gloves.
5 years ago
Utah supply chain...
Heather Kelly

Diversify sources, increase pay to address Utah supply chain problems

Economists addressing the Utah supply chain issue also suggested that exporters and importers pool their bargaining power.
5 years ago
Zion's Bank Senior Economist Robert Spendlove gives national and local economic update at The Hive ...
Nick Wyatt

High inflation might strain holiday budgets

This year, the usual holiday shopping might be more expensive due to inflation, supply chain issues, and labor shortages.
5 years ago
Large coal piles sit in front of PacifiCorps, Hunter, 1,320 megawatt coal fired power plant on June...
Simone Seikaly

The future of coal: How will areas of rural Utah be affected?

Coal and rural Utah go together like pioneers and Utah, but coal isn't seen as sustainable. How is rural Utah adapting?
5 years ago
A Delta flight takes off from the Salt Lake City International Airport on a cloudless day on Nov. 5...
Nick Wyatt

Airport traffic up from last year, but not quite to pre-pandemic levels

Airport traffic is up and the U.S. Department of Transportation says the number of flights in August was 50% higher than the same month in 2020.
5 years ago
FILE - A hiring sign is displayed in Downers Grove, Ill., on June 24, 2021.  The number of American...
CHRISTOPHER RUGABER AP Economics Writer

US hiring rebounded in October, with 531,000 jobs added

America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown.
5 years ago
Screengrab of a video of the Spanish Fork Mountain Country Foods fire Photo: Angella Garlick...
Kelsey Earl and Eliza Craig

Fire at pet food manufacturer in Spanish Fork

Five Utah fire departments responded to reports of smoke and flames at a pet food manufacturer in American Fork Wednesday night.
5 years ago
Photo: Canva...
Rachel Metz, CNN Business

Facebook, rebranded “Meta,” plans to trash facial-recognition tech and data

Facebook, a company known for collecting vast amounts of data about its billions of users, claims they will delete facial-recognition software and related data.
5 years ago
labor shortage ski industry...
Nick Wyatt

Labor shortage impacts hospitality and ski industry, could offer new careers

The ski industry (resorts, hotels, and restaurants) is understaffed by the labor shortage. Some worry it will negatively impact tourism.
5 years ago
Exterior of Xlear headquarters in American Fork, Utah (courtesy of Xlear, Inc.)...
Simone Seikaly

Utah company Xlear sued by FTC for false COVID-19 claims

Xlear has been sued for repeatedly making claims which the Federal Trade Commission says are false and misleading statements about COVID.
5 years ago
men's homeless resource center...
Nick Wyatt

Planning commission approves rezoning amendment for homeless tiny home village

The Salt Lake City Planning Commission approved a rezoning amendment request for the proposed Other Side Village, tiny home community for the chronically unsheltered in Utah.
5 years ago