Business

Cracker Barrel on Wednesday released its fourth quarter earnings results, but much of the attention centered on the restaurant chain's swift reversal of its controversial logo redesign that went viral online.The company — based out of Lebanon, Tennessee — reported total revenue of $868 million, down 2.9% from the same quarter last year. The company also said that traffic has fallen 8% since the August rollout of its simplified, text-only […]

The Masters has a new (partial) broadcast home.The famed golf tournament and Amazon Prime Video announced that viewers will now be able to watch first- and second-round coverage for two hours each day.The Masters will stream on Prime Video from 1-3 p.m. ET daily on April 9 and 10, leading into ESPN’s coverage both days from 3-7:30 p.m.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM"Working alongside Amazon in this capacity […]

Golf was invented in Scotland, so it seems fitting Johnnie Walker, another Scottish staple, continues to embrace the game ahead of the country's biggest rivalry next week. The Ryder Cup, which will be held at the iconic Bethpage Black course on Long Island from Sept. 26-28, is one of the most thrilling rivalries in sports as Team USA and Team Europe battle to see who will own bragging rights until the […]

Russell Wilson had so many Hot Wheels cars growing up, he can't even remember the names of them. It was part of his lifestyle as a car kid. His father helped ensure it was that way. Harrison Wilson III played in the San Diego Chargers' preseason as a wide receiver in 1980 for coaching legend Joe Gibbs. That meant Wilson's family had access to Gibbs' NASCAR world."We were really close with […]

Federal Reserve Chairman Jerome Powell declined Wednesday to comment on the ongoing legal battle between Federal Reserve Governor Lisa Cook and the Trump administration over her role at the central bank."I see it as a court case that it would be inappropriate for me to comment on," Powell said when asked at the conclusion of the two-day Federal Open Market Committee (FOMC) meeting.The Federal Reserve has previously acknowledged the potential […]

As the Federal Reserve revealed its latest rate decision Wednesday, a Trump administration senior counselor blasted the central bank for keeping the American Dream out of reach, as other experts reacted to the cut."We're a hundred basis points, at least, over where we should be," Trump senior counselor for trade and manufacturing Peter Navarro said on "Mornings with Maria" Wednesday. "That's disequilibrium. It hurts our trade balance. It hurts everybody […]

The Federal Reserve on Wednesday announced the first interest rate cut of the year as policymakers lowered its benchmark interest rate by 25-basis-points, as signs of a weakening labor force outweighed elevated inflation.Following the central bank's decision to cut rates for the first time since December 2024, the federal funds rate will sit at a new range of 4% to 4.25%. The cut comes after the Fed left rates unchanged at […]

Cracker Barrel will report its quarterly earnings on Wednesday, giving investors and customers alike a sense of whether the chain is still paying the price for its failed $700 million rebrand fiasco. In August, the brand unveiled its new logo, which dropped the illustration of a man – "Uncle Herschel" – resting his arm on top of a wooden barrel, a folksy image that has embodied the brand's Southern hospitality for […]

Mortgage rates have eased sharply from their recent peaks, offering some relief to buyers and refinancing opportunities for homeowners who have been "stuck" in the so-called "golden handcuff effect," but industry experts are still warning that getting back to a path of true affordability will take time.Since interest rates spiked after the COVID-19 pandemic housing boom, there has been little movement in the market. Homeowners were unwilling to sell because […]