Business

bear market explained...
STAN CHOE and ALEX VEIGA

A bear market is hitting Wall Street. Here’s what that means

A bear market is a term used by Wall Street when a market index has fallen 20% or more from a recent high.
2 days ago
The Department of Workforce Services is pictured. It said Utah unemployment had fallen...
Samantha Herrera

Utah unemployment rate hits new low at 1.9%

The Utah unemployment rate hit a new low, according to the Utah Department of Workforce Services. The national unemployment rate remains at 3.6%.
2 days ago
ticket prices SLC...
Mark Jones

SLC International Airport to add another international nonstop flight

A new nonstop international flight between Salt Lake City and Frankfurt, Germany will begin Monday, May 23.
4 days ago
A McDonald's in Russia...
DAVID KOENIG and DEE-ANN DURBIN AP Business Writers

De-Arching: McDonald’s to sell Russia business, exit country

McDonald's said it's the first time the company has ever "de-arched," or exited a major market. It plans to start removing golden arches and other symbols and signs with the company's name.
5 days ago
wholesale inflation utah interest rates...
Aimee Cobabe

Wholesale inflation impacting businesses all across Utah

In one example of wholesale inflation hikes in Utah, the owners of South Salt Lake's Left Fork Grill say they have to keep updating their menus because of rising prices.
10 days ago
EPA grants three Utah organizations funding for environmental cleanup...
Waverly Golden

Three Utah groups receive nearly $6 million for environmental cleanup

The EPA has announced three Utah organizations that will receive nearly $6 million in funding to advance environmental cleanup.
10 days ago
FTC building. The FTC filed a complaint against Lions Not Sheep....
Aimee Cobabe and Samantha Herrera

Utah-based company under fire by FTC for “made in the USA” claims

The Utah-based company "Lions Not Sheep" signed a settlement over a Federal Trade Commission complaint against the company's labelling.
10 days ago
A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. U.S consumers have s...
CHRISTOPHER RUGABER AP Economics Writer

US inflation hit 8.3% last month but slows from 40-year high

Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5% year-over-year surge in March, which was the highest rate since 1981.
11 days ago
Photo Marc Giauque, KSL Newsradio...
Marc Giauque

Lifeguard shortage could limit pool hours, delay openings

A lifeguard shortage could mean shorter hours this summer at Salt Lake County indoor and outdoor pools.
12 days ago
FILE - Amazon Labor Union (ALU) member Tristan Lion Dutchin, 27, gestures as he waits the voting re...
HALELUYA HADERO AP Business Writer

Amazon fires 2 union organizers tied to first U.S. labor win

In a letter sent on May 4, Amazon told the union organizer he was fired for "voluntary resignation due to job abandonment."
12 days ago
faa fines passenger...
Mark Jones

Allegiant Air announces four new nonstop routes from Provo City Airport

Allegiant Air announced four new nonstop routes out of Provo City Airport on Friday. The routes include Las Vegas, San Diego, Portland and Sanford/Orlando.
16 days ago
Starbucks unionize Utah...
Martha Harris

A second Utah Starbucks announces plans to attempt to unionize

Starbucks employees at 400 E. and 400 S. in Salt Lake City, Utah, told the Starbucks CEO they'd like to unionize for better wages and healthcare.
20 days ago
A “for sale” sign is displayed outside of a house in Layton on Thursday, Oct. 14, 2021. The Sal...
Mark Jones

Wasatch Front’s most expensive areas include Huntsville, Alpine, Draper

The Salt Lake Board of Realtors reports the Wasatch Front's most expensive areas are near outdoor recreation sites.
23 days ago
FILE - A passenger wears a face mask as she waits in a socially-distance area for a Delta Airlines ...
The Associated Press

Delta to begin paying flight attendants during boarding

Delta Air Lines will begin paying flight attendants during the passenger boarding process.
25 days ago
Elon Musk...
Clare Duffy, CNN Business

Elon Musk to buy Twitter in $44 billion deal

The deal, which was unanimously approved by Twitter's board, is expected to close this year. It comes after Musk revealed last week he had lined up $46.5 billion in financing to acquire the company.
27 days ago
FILE - Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award i...
The Associated Press

Reports: Twitter in talks with Musk over bid to buy platform

Twitter and Musk negotiated into the early hours over his bid to buy the platform, The New York Times reported, less than two weeks after the billionaire first revealed a massive stake.
27 days ago
the Fed...
Aimee Cobabe

Goldman Sachs warns of potential recession in the next two years

Goldman Sachs predicts there’s a 35 percent chance we’ll have a recession in the next 2 years. 
1 month ago
oil and gas leases...
Dan Bammes

BLM plans to sell new oil and gas leases after moratorium

This is the first time the Biden administration has allowed oil and gas lease sales since it took office.
1 month ago
cheeseburger inflation...
Curt Gresseth

Why does my cheeseburger cost so much? Most ingredients touched by inflation.

A reporter joined the show and walked us through the reasons that popular cheeseburger ingredients have jumped in price since March of 2021.
1 month ago
ogden IRS 25th street home prices rising...
Devin Oldroyd

Ogden man sentenced to federal prison for failure to pay the IRS

The IRS said Daniel Fry, 46, owned and ran four now-closed healthcare-related businesses in the Ogden area.
1 month ago
utah employment...
Simone Seikaly

Utah unemployment falls again, rests at 2% for March 2022

Officials say that the Utah unemployment rate mirrors job growth in the state, and the only one jobs sector has remained stagnant.
1 month ago
Woman walks past Google sign, which brought economic activity to Utah....
Samantha Herrera

Google brought billions of economic activity to Utah

The tech company brought over $9 billion in economic activity to the state in 2021. Almost 200,000 local companies used Google's many services.
1 month ago
Lack of Russian oil supply greatly effects Utah along with rest of Country...
Dan Bammes

Cutoff of Russian oil impacts Utah, but solutions aren’t simple

The cutoff of the Russian oil supply is greatly affecting Utah. Solutions are being examined, but they are proving to be difficult.
1 month ago
Photo credit: Sorenson Facebook page...
Mark Jones

Eight of the 10 Sorenson employees injured in Texas accident are out of hospital

Eight of the 10 employees of Sorenson, a Salt Lake City-based company, were released from the hospital Monday after being injured in an accident Friday in Texas.
1 month ago

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