Browse category by Economy

Trump accused Fed Governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say

Trump accused Fed Governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say


August 29, 2025
The Trump administration’s latest allegations of mortgage fraud have raised questions about a long-standing housing issue known as owner-occupancy mortgage fraud. But that type of fraud can be difficult to prove, experts say. President Donald Trump announced in a Truth Social post on Monday night that he was removing Federal Reserve Governor Lisa Cook. He […]
Trump accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.

Trump accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.


August 29, 2025
The Trump administration’s latest allegations of mortgage fraud have raised questions about a long-standing housing issue known as owner-occupancy mortgage fraud. But that type of fraud can be difficult to prove, experts say. President Donald Trump announced in a Truth Social post on Monday night that he was removing Federal Reserve governor Lisa Cook. He […]
Cracker Barrel will go back to old logo after conservative backlash

Cracker Barrel will go back to old logo after conservative backlash


August 28, 2025
Uncle Herschel is returning to the Cracker Barrel chair. After online outrage by conservatives who accused the country-themed restaurant chain of changing its values or going “woke” when it rolled out a new logo, the company said Tuesday that it was returning to its old branding. ‘We thank our guests for sharing your voices and […]
Google has eliminated 35% of managers overseeing small teams in past year, exec says

Google has eliminated 35% of managers overseeing small teams in past year, exec says


August 28, 2025
Google has eliminated more than one-third of its managers overseeing small teams, an executive told employees last week, as the company continues its focus on efficiencies across the organization. “Right now, we have 35% fewer managers, with fewer direct reports” than at this time a year ago, said Brian Welle, vice president of people analytics […]
What a stake in Intel could mean for U.S. taxpayers now and in the future

What a stake in Intel could mean for U.S. taxpayers now and in the future


August 27, 2025
U.S. taxpayers are now the largest shareholders in Intel. What comes next isn’t so clear. The Trump administration announced Friday that the government had taken a 10% stake in the California-based computer chipmaker, which has fallen behind rivals Nvidia and AMD in the artificial intelligence race. Over the past five years, Intel’s share price has […]
Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes

Frontier Airlines goes after struggling rival Spirit’s customers with 20 new routes


August 27, 2025
Frontier Airlines is going after customers of Spirit Airlines, whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might not be able to survive another year without more cash. Frontier on Tuesday announced 20 routes it plans to start this winter, many of them in major Spirit […]
From American Eagle to Swatch, why brands seem to keep getting it so wrong

From American Eagle to Swatch, why brands seem to keep getting it so wrong


August 26, 2025
From American Eagle to Swatch, brands appear to be making a lot of blunders lately. When actress Sydney Sweeney’s jeans campaign came out last month, critics lambasted the wordplay of good “jeans” and “genes” as tone deaf with nefarious undertones. More recently, an advert from Swiss watchmaker Swatch sparked backlash for featuring an Asian model […]
What’s the secret of their success? Summer camp

What’s the secret of their success? Summer camp


August 26, 2025
Summer camp: It’s for munching on s’mores, seizing victory in tug-of-war and making lifelong friends. For this group of successful businesswomen, though, it’s also about trading tactical advice about managing boards of directors and selling companies. And fighting to get a piece of an investment world dominated by men. Welcome to Camp Female Founders Fund, […]
Keurig Dr Pepper to buy Peet’s Coffee owner in $18 billion deal

Keurig Dr Pepper to buy Peet’s Coffee owner in $18 billion deal


August 26, 2025
Keurig Dr Pepper said Monday it will buy Peet’s Coffee owner JDE Peet’s in a deal worth about $18 billion (15.7 billion euro). When the acquisition is complete, the company plans to split into two separate companies, one focused on coffee and the other focused on beverages including Dr Pepper, Canada Dry, 7Up and energy […]
U.S. could take stakes in more firms, White House adviser says

U.S. could take stakes in more firms, White House adviser says


August 26, 2025
The U.S. government could take equity stakes in more companies, potentially through an American sovereign wealth fund, according to one of President Donald Trump’s top economic advisers. National Economic Council Director Kevin Hassett made the comments Monday, days after the United States took a nearly 10% stake in Intel. The government secured a piece of […]
Cracker Barrel assures customers its values remain the same amid logo uproar

Cracker Barrel assures customers its values remain the same amid logo uproar


August 26, 2025
Cracker Barrel tried to reassure customers Monday that its values have remained the same after it received criticism following a new logo reveal and general brand refresh. The company promised customers in a statement that while its logo may be different, its values — “hard work, family, and scratch-cooked food made with care’ — are […]
Trump flexes power over big business as U.S. takes 10% stake in Intel

Trump flexes power over big business as U.S. takes 10% stake in Intel


August 25, 2025
The Trump administration said Friday that it had taken a 10% stake in Intel, the president’s latest extraordinary move to exert federal government control over private business. The United States will not seek direct representation on Intel’s board and pledged to vote with the current Board of Directors on matters requiring shareholder approval, ‘with limited […]
Crop tour projects record 2025 U.S. corn harvest, but disease could hit yields

Crop tour projects record 2025 U.S. corn harvest, but disease could hit yields


August 24, 2025
ROCHESTER, Minnesota, Aug 22 (Reuters) – U.S. farmers will harvest a record corn crop in 2025 after ideal weather across much of the Midwest this summer, but the bounty will fall short of the U.S. government’s lofty outlook as pockets of plant disease and heat stress dented yields in spots across the farm belt, crop […]
Cracker Barrel shares plummet after pushback on new logo, brand refresh

Cracker Barrel shares plummet after pushback on new logo, brand refresh


August 23, 2025
Shares of Cracker Barrel Old Country Store plummeted roughly 10% on Thursday after the restaurant unveiled its new logo earlier this week as part of a larger brand refresh. The new logo removes the image of a man leaning against a barrel that was prominently featured in the original, leaving behind just the words Cracker […]
How a ship that glides like a pelican could change travel and defense

How a ship that glides like a pelican could change travel and defense


August 22, 2025
NORTH KINGSTOWN, R.I. — The winged passenger ferry gliding over the surface of Narragansett Bay could be a new method of coastal transportation or a new kind of warship. Its maker, Regent Craft, is betting on both. Twelve quietly buzzing propellers line the 65-foot wingspan of Paladin, a sleek ship with an airplane’s nose. It […]