BurgerFi joins number of eateries filing for Chapter 11 bankruptcy
See what's clicking on FoxBusiness.com. The number of restaurant chains that have filed for bankruptcy this year has increased, with BurgerFi International Inc. filing for Chapter 11 bankruptcy protection on Wednesday. The company said it filed for Chapter 11 bankruptcy protection to preserve the value of its BurgerFi and Anthony's Coalfire Pizza & Wings brands […]
Campbell Soup Co to leave ‘soup’ out of new name
See what's clicking on FoxBusiness.com. Campbell Soup Co. is making a historic change to its iconic brand name. The company announced Tuesday that it would adopt the Campbell's Company name “as part of its evolution and portfolio transformation.” “This subtle but important change will better reflect the full breadth of our portfolio while maintaining the […]
Inflation Rate Inches Down As Economy Continues To Slow
Inflation fell in August amid fears of an economic slowdown following two straight months of disappointing job gains, according to the latest Bureau of Labor Statistics (BLS) release on Wednesday. The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.5% on an annual basis in August and rose 0.2% month-over-month, […]
Bank of America ups minimum hourly pay to $24 in US
See what's clicking on FoxBusiness.com. Bank of America has raised wages for its US hourly workers to $24. The new rates, announced by the North Carolina-based bank on Tuesday, represent a $1 hourly pay increase for all full-time and part-time hourly Bank of America workers in the U.S. The minimum hourly wage for these jobs […]
Risks On Gov’t Loans Issued Next Fiscal Year Will Cost Taxpayers More Than $65 Billion, CBO Says
The lifetime costs of new loans and guarantees issued in Fiscal Year 2025 are expected to cost taxpayers more than $65 billion, bolstered by lending initiatives implemented by the Biden-Harris administration, according to the Congressional Budget Office (CBO). The losses on the administration’s loans are nearly double the $36.5 billion in risk costs that were […]
Waffle House CEO Walt Ehmer Dead At 58
Waffle House CEO Walt Ehmer died at age 58, the Atlanta Police Foundation announced Sunday in a Facebook post. “It is with deep sadness that we announce the passing of Walt Ehmer, president and CEO of Waffle House and a beloved member of the Atlanta Police Foundation’s board of trustees,” the foundation wrote. Ehmer died […]
Boeing strikes tentative labor deal with union representing over 32K workers
Bank of America senior aerospace analyst Ron Epstein shared his thoughts on the current state of aerospace giant Boeing as the company names a new CEO. Boeing Co. announced Sunday that it had reached a tentative agreement with unions representing about 33,000 workers in the Pacific Northwest, days before a strike scheduled for later this […]
Stocks sink after jobs miss, Trump-Harris tax plans, home retailer closing all stores
Former U.S. International Trade Commission Chairman Peter Morici talks about labor immigration and former President Trump's corporate tax rate plans. U.S. employment grew in August, but not as much as economists expected. Stocks fell throughout the week, as investors got off to a rocky start to September ahead of the Federal Reserve meeting later this […]
‘Sign Of Impoverishment’: Part-Time Jobs Continue To Soar As US Economy Hemorrhages Full-Time Gigs
The U.S. economy lost hundreds of thousands of full-time jobs in August in a shift that suggests the U.S. is hemorrhaging higher-paying jobs. The country lost 438,000 full-time jobs in August, with the month’s net job growth coming entirely from gains in part-time employment, according to Bureau of Labor Statistics (BLS) data released Friday. The […]
7-Eleven parent rejects acquisition proposal from Canada-based convenience store giant
See what's clicking on FoxBusiness.com. Seven & i on Friday rejected a preliminary offer made last month by Alimentación Couche-Tard to acquire the Japanese parent company of convenience store chain 7-Eleven. The decision came “unanimously” from Seven & i's board of directors, based on the unanimous recommendation of a special committee the company set up […]