Business

A Canadian restaurant franchisor and operator is planning to close between 45 and 50 Papa Murphy's stores amid a tough competitive environment for the pizza chain.Papa Murphy's is known for its take-and-bake pizzas that customers can pick up at the store after placing a walk-in, call-in or online order and cook at home. The brand is owned by MTY Food Group, which operates some locations and franchises others. MTY Food Group […]

Frontier Airlines announced Tuesday that it plans to introduce high-speed inflight internet powered by SpaceX's Starlink beginning in early 2027, marking a major upgrade for the ultra-low-cost carrier as it continues investing in new amenities aimed at attracting travelers.The Denver-based airline said its first Starlink-equipped Airbus aircraft is expected to enter service early next year. Frontier said it will become the first U.S. airline to offer passengers access to Starlink's […]

President Donald Trump on Tuesday announced that he will replace a 20% fee on commercial shipping moving through the Strait of Hormuz with "Trade and Investment Deals" that Gulf nations will be making in the United States.Trump said the move came as the movement of oil and natural gas supplies has eased along the waterway, a vital, narrow commercial shipping point currently being contested by Washington and Tehran."Oil is flowing […]

One of America’s most popular fast-food chains is under scrutiny as federal and state health officials investigate whether Taco Bell locations may be connected to a rapidly growing cyclosporiasis outbreak.Federal and state health agencies are investigating whether Taco Bell locations may have contributed to a widespread outbreak of cyclosporiasis, a gastrointestinal illness caused by a microscopic parasite, according to two anonymous sources familiar with the investigation who spoke to The […]

Best Buy issued a recall on two models of Insignia gas range stoves after a report that the stoves can be activated by accidental contact with knobs, according to the U.S. Consumer Product Safety Commission. The Chinese-manufactured Insignia Front Control Gas Ranges received the recall on Thursday. The recall affected 3,820 units sold in the U.S. The recall affects two models of the Insignia Front Control Gas Ranges: the models NS-RGFGSS1 and NS-RGFCGS2. "The […]

Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank's policymakers have "no tolerance for persistently elevated inflation" in his first testimony as Fed chief.Warsh said in his prepared testimony for the House Financial Services Committee that concerns about inflation influenced the Fed's decision to hold the benchmark federal funds rate steady at a range of 3.5% to 3.75% at the Fed's June meeting."The Fed's number one objective […]

Shares of IBM were down more than 23% when the market opened on Tuesday, raising fresh questions about whether companies are seeing enough near-term returns from artificial intelligence spending.It is shaping up to be the worst day for IBM in decades, as its second-quarter earnings results showed profit and revenue missed analysts' forecasts.In a letter to investors on Tuesday, CEO Arvind Krishna said IBM's Z mainframe business — its large […]

Volkswagen's leadership is warning that the company may need to cut an extra 50,000 jobs to stay competitive with auto industry rivals, according to an internal memo sent to staff.The German automaker previously announced plans to cut 50,000 jobs across the company, including at its subsidiaries Porsche and Audi, and CEO Oliver Blume said in a memo reviewed by Reuters that further cuts are needed because Volkswagen is operating at […]

Paramount CEO David Ellison is reportedly being pressured to move his business out of California as the state tries to interfere with a planned takeover of Warner Bros. Discovery. Ellison’s Paramount is seeking to acquire Warner Bros. Discovery in a $111 billion deal expected to close during the third quarter of this year. But the mega-merger has irked critics who fear combining two major Hollywood studios would hurt the industry while […]