Business

About 780,000 pressure washers sold at major home improvement retailers nationwide are being recalled after users reported dozens of explosions, according to regulators. TTI Outdoor Power Equipment’s Ryobi Electric Pressure Washer’s capacitor can overheat and eventually burst, "causing parts to be forcefully ejected, posing a risk of serious injury from impact to the user or bystanders," according to the Consumer Product Safety Commission (CPSC). About 764,000 were sold in the U.S. and about 16,000 were […]

President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook — a move without precedent in American history — sets the stage for a high-stakes legal battle likely bound for the U.S. Supreme Court.Tensions reached a new fever pitch Thursday morning after Cook sued the Trump administration over its attempt to remove her, an effort she argued is an "unprecedented and illegal" pretext by which Trump is looking to […]

The Federal Reserve's preferred inflation gauge showed that inflationary pressures remained elevated in July, as the central bank mulls an interest rate cut at its meeting next month.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.2% from a month ago in July and remained at 2.6% on a year-over-year basis, in line with the expectations of economists polled by LSEG.Core PCE, which excludes volatile food and […]

Cracker Barrel’s logo rebranding fiasco has ignited nationwide backlash and now one of the chain’s original founders is speaking out. At 93 years old, co-founder Tommy Lowe told WTVF NewsChannel 5 in Nashville that the company’s leadership is steering the brand off course.In the interview, Lowe said the $700 million rebrand was just "throwing money out on the street.""Oh, that's crazy," said Lowe. "That's … bland nothing."CRACKER BARREL SCRAPS NEW LOGO […]

The U.S. Food and Drug Administration (FDA) on Thursday announced the recall of eggs connected to a salmonella outbreak.The recall is linked to at least 92 instances of illnesses but zero reported deaths. Country Eggs, LLC of Lucerne Valley, California, is recalling its large brown cage-free Sunshine Yolks that were sold in 12 counties by the following brands: Nagatoshi Produce, Mizuho and Nijiya Markets. LIQUID EGGS FOOD PRODUCTS ARE RECALLED, MAY HAVE […]

California is looking for new ways to finance its high-speed rail project following the Trump administration's decision to pull billions of dollars in federal funds from the project.Transportation Secretary Sean Duffy in July announced the administration is terminating $4 billion in unspent federal funding for the California High Speed Rail Authority (CHSRA) that was allocated by the Federal Railroad Administration. Duffy and President Donald Trump slammed the project as a "boondoggle" for […]

Fast-growing chicken chain Raising Cane’s is expanding coast to coast, with seven new restaurants slated to open next month as it pushes forward with its goal of hitting 1,000 locations by the end of the year. The company said some of the September openings are located near major universities, underscoring what the company says is its "strong connection to college communities" that started nearly three decades ago. Two locations will open in […]

The Atlanta Journal-Constitution (AJC) announced Thursday that it will stop publishing a print newspaper at the end of the year, cutting dozens of jobs in the process. The last print edition will run on Dec. 31, and the change will "result in the elimination of about 30 full- and part-time jobs involved in designing and distributing the newspaper" as the Atlanta Journal-Constitution shifts to digital-only publishing."We will begin the new year […]

Mortgage rates fell to a 10-month low, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.56% from last week's reading of 6.58%.The average rate on a 30-year loan was 6.35% a year ago.ONLY 28% OF US HOMES NOW AFFORDABLE FOR TYPICAL AMERICAN HOUSEHOLD AS BUYING POWER DROPS"Purchase demand continues to rise on […]