Morning Business Report: July 29th, 2022
Hershey says it won’t be able to meet Halloween demand this year and Apple says Mac sales are getting hit hard by supply constraints. Jane King is at the Nasdaq…
business
Morning Business Report: July 28th, 2022
The fed makes history with a second massive rate hike in six weeks and big tech earnings today will give us a peek into the mindset of the consumer. Jane…
US economy shrinks for a 2nd quarter, raising recession fear
WASHINGTON (AP) — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported…
JetBlue agrees to buy Spirit for $3.8B after bidding war
JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators. The agreement Thursday capped a months-long bidding war and arrives one day after Spirit’s…
Morning Business Report: July 27th, 2022
Homebuyers are seeing more incentives to make a purchase and borrowing money will likely get more expensive starting today. Jane King is at the Nasdaq with those stories and more…
Christmas in July returns to Jackson County this weekend
Grab your list and check it twice, we’re closing out the month with a little Christmas in July. Here to tell us about this weekend’s shopping extravaganza…
Sorrow in Choco Taco town after summer treat is discontinued
A tech millionaire offered to buy it. A U.S. senator suggested that the government should force manufacturers to make it. But so far, Klondike isn’t budging from its plan to discontinue the Choco Taco. Klondike confirmed Tuesday that the summer…
Morning Business Report: July 25th, 2022
American Airlines says it is making money, but having trouble finding some key items for flight comfort and markets start what could be the most important week of summer. Jane…
Third generation expanding building, farm supply company to Coast
Building houses and relationships, Dufrene Building Materials has come to the Coast and is open to the public. Dufrene held its grand opening on Friday morning at its store on Highway 49 in…
Morning Business Report: July 21st, 2022
Tesla electrifies investors with second-quarter earnings and signs of cooling in the housing markets. Brian Martin is in Los Angeles with those stories and more in today’s Morning Business Report.
McAlister’s Deli offering free tea Thursday
Tomorrow is a special day for tea lovers, McAlister’s Deli is offering customers a free cup of tea. The deal is only available Thursday and limits one tea per person…
Morning Business Report: July 20th, 2022
Netflix loses fewer subscribers than anticipated and the Twitter/Elon Musk battle gets a court date. Brian Martin is in Los Angeles with those stories and more in today’s Morning Business…
Automakers targeting average households with new crop of EVs
WARREN, Mich. (AP) — In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars. Then came EVs for luxury buyers and drivers of pickups and delivery vans. Now, the companies are zeroing in at…
Morning Business Report: July 19th, 2022
The latest drama at Netflix could be its second quarter earnings and a popular toy store is making a comeback. Brian Martin is in Los Angeles with those stories and…
Morning Business Report: July 18th, 2022
More Americans are considering electric for their next car and Netflix has an important week ahead. Brian Martin is in Los Angeles with those stories and more in today’s Morning…
Morning Business Report: July 15th, 2022
A rough second quarter for a big bank and a bigger pay raise might be in your future. Brian Martin is in Los Angeles with those stories and more in…
Morning Business Report: July 14th, 2022
Which foods went up in price over the past year and the FDA authorized another COVID vaccine. Jane King is at the Nasdaq with those stories and more in today’s…
Morning Business Report: July 13th, 2022
BMW owners are outraged over an $18 monthly charge to use heated seats and President Biden heads to the Middle East to try to get oil prices lower. Jane King…
Morning Business Report: July 11th, 2022
A postal service rate increase took effect Sunday and the average price of gas in the U.S. fell 19 cents. Jane King is at the Nasdaq with those stories and…
Gas prices dropping slightly
At the height of the summer driving season, Americans are finally catching a break at the pump. After months of record highs, gas prices are starting to come down. The national average…
Elon Musk says he's terminating $44B Twitter buyout deal
By BARBARA ORTUTAY AP Technology Writer Elon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse - after the Tesla CEO sent a letter to Twitter’s board saying he is terminating the acquisition. Twitter did…
Morning Business Report: July 8th, 2022
Mortgage rates fall as the Federal Reserve prepares for further hikes and GameStop has fired a top executive. Jane King is at the Nasdaq with those stories and more in…
Morning Business Report: July 7th, 2022
Major retailers are having their own big sales to compete with Prime Days and West Coast dockworkers are working without a contract, potentially disrupting the supply chain. Jane King is…
Morning Business Report: July 6th, 2022
Costco just raised prices of two food court favorites and U.S. gas prices have now dropped for 21 days in a row. Jane King is at the Nasdaq with those…