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Trump pledges tax credit for family caregivers at NYC rally
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Trump pledges tax credit for family caregivers at NYC rally

By Pilar Arias  | Fox Business Former President Donald Trump announced during a New York City campaign rally on Sunday that, if elected, he would support granting a tax credit for family caregivers. "I'm announcing a new policy today, that I will support a tax credit for family caregivers who take care of a parent or loved one," Trump said during the event at Madison Square Garden. "It's about time that they were recognized, right?" This is not the first time elder care has come up as a priority. During July's Republican National Convention, policy documents referenced Trump's promises to strengthen Medicare and focus on at-home care for the elderly, USA Today reported. Trump campaign spokesperson Karoline Leavitt told the newspaper that, if elected, Trump "will take car...
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Denny’s to close 150 restaurant locations
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Denny’s to close 150 restaurant locations

 By Aislinn Murphy   | Fox Business Denny’s Corporation will close 150 of its Denny's restaurants. The company, which owns the Denny’s and Keke’s Breakfast Cafe chains, said those Denny’s locations will close by the end of 2025. Dozens of those 150 restaurants will close this year, according to an investor day presentation published Tuesday by the company. Other domestic Denny’s locations will undergo "rehabilitation" through various strategies, including their potential acquisition by "stronger operators," according to the investor day presentation. READ THE FULL STORY AT FOX BUSINESS
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Boeing strike costliest in economic damage so far in 2024
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Boeing strike costliest in economic damage so far in 2024

By Breck Dumas | Fox Business The ongoing strike by Boeing's union machinists could end this week, but not before racking up more economic damage than any other work stoppage in the U.S. so far this year, according to estimates. Boeing and the union, the International Association of Machinists and Aerospace Workers Local 751, reached a tentative agreement Saturday. The striking workers will vote Wednesday on whether to take the latest offer, which includes a 35% pay hike over four years, a new incentive plan and a $7,000 ratification bonus. But even if the workers agree to accept the deal – which is not guaranteed – the impact could extend far beyond its current price tag, according to Anderson Economic Group (AEG) principal and CEO Patrick Anderson. "If they ratify the contrac...
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CVS workers strike at 7 California locations seeking better pay, health care
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CVS workers strike at 7 California locations seeking better pay, health care

By Brooke Stephenson | Fox Business Workers at seven CVS pharmacies in Southern California are now on strike, as they demand better pay and health care and to call out what they describe as the company engaging in bad-faith contract bargaining. The strike began Friday and continued through the weekend, affecting four stores in Los Angeles and three others in Orange County. Striking workers outside a Los Angeles location told customers on Saturday not to cross the picket lines, according to The Associated Press. Melissa Acosta, a pharmacy technician who is on the contract bargaining committee, claimed the company was "intimidating workers, observing them, getting in the way of them speaking to union representatives," the outlet reported. Despite the strike, the affected CVS...
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Major paint company to lay off 1,800 workers, close facilities in cost reduction program
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Major paint company to lay off 1,800 workers, close facilities in cost reduction program

By Daniella Genovese  | Fox Business PPG — a global manufacturer of paints, coatings, and specialty materials — is laying off nearly 2,000 workers as it trims operation costs and sells off a chunk of its architectural business. The cuts will impact about 1,800 positions, primarily in the U.S. and Europe. PPG didn't disclose when the layoffs would occur. The Pittsburgh-based company said it is part of a comprehensive cost reduction program focused on reducing structural costs primarily in Europe and in certain other global businesses, along with other corporate costs. The program also includes various facility closures. READ THE FULL STORY AT FOX BUSINESS
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Mortgage rates higher for third straight week, with 30-year at 6.44%, market survey finds
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Mortgage rates higher for third straight week, with 30-year at 6.44%, market survey finds

By Breck Dumas  | Fox Business Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high home prices. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.44% from last week's reading of 6.32%. The average rate on a 30-year loan was 7.63% a year ago. "The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%," said Sam Khater, Freddie Mac’s chief economist.  READ THE FULL STORY AT FOX BUSINESS
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Protesters insist Kellogg remove artificial dyes from cereals like Froot Loops, just like in Canada
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Protesters insist Kellogg remove artificial dyes from cereals like Froot Loops, just like in Canada

By Greg Wehner | Fox Business Dozens of protesters rallied at WK Kellogg Co. headquarters in Battle Creek, Michigan, on Tuesday, calling on the company to remove artificial dyes from cereals sold in the U.S., according to reports. As the maker of some of America’s favorite cereals – like Froot Loops and Apple Jacks – Kellogg said nearly a decade ago it would take artificial colors and ingredients out of its products by 2018. In Canada, though, Kellogg uses concentrated carrot juice, watermelon juice, huito juice and blueberry juice to color Froot Loops, the company's Canadian site shows. But in the U.S., Kellogg continues to use artificial colors and butylated hydroxytoluene (BHT), which according to WebMD is a lab-made chemical added to foods as a preservative....
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TGI Fridays closes a dozen stores across America in just one month
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TGI Fridays closes a dozen stores across America in just one month

By Kristen Altus  | Fox Business Your ability to enjoy a plate of loaded potato skins and $5 happy hour drinks is slowly dwindling, as TGI Fridays has closed 12 U.S. locations in the past month and shuttered 35 restaurants across the pond. According to the company’s location section on its website, multiple TGI Fridays locations in the Northeast closed last week, including in Clifton Park, Middletown and Poughkeepsie, New York; Allentown, Pennsylvania; Enfield, Connecticut; and Leesburg, Virginia. Additional closures from earlier this month took place in the Southeast and Midwest regions, in states like North Carolina, South Carolina, Wisconsin, Michigan and Indiana, as well as two locations in Minnesota. READ THE FULL STORY AT FOX BUSINESS
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Walgreens to close 1,200 stores as part of turnaround effort
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Walgreens to close 1,200 stores as part of turnaround effort

By Daniella Genovese  | Fox Business Walgreens plans to close at least 1,200 stores over the next three years as the pharmacy giant seeks to reduce costs and turn around operations under a new leader.  One of the largest drugstore chains in the country, Walgreens said about 500 stores are slated to close as early as fiscal year 2025. In June, the company had announced its intention to close a "significant" number of underperforming stores across the U.S. as it contended with profitability challenges and declining margins. But CEO Tim Wentworth, who took over in October 2023, didn't give an estimate at the time of how many stores would be affected. He noted that a "meaningful percent" of the underperforming locations would shutter.  READ THE FULL STORY AT FOX BUSINESS
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Mortgage rates surge higher, further hurting demand
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Mortgage rates surge higher, further hurting demand

By Breck Dumas  | Fox Business Mortgage rates jumped markedly this week, sending demand down for a second straight week. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.32% from last week's reading of 6.12%. The average rate on a 30-year loan was 7.57% a year ago. "Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April," said Sam Khater, Freddie Mac’s chief economist.  READ THE FULL STORY AT FOX BUSINESS
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