Business news

• Chick-fil-A rolls out nugget-topped pizza pies at Maryland test kitchen: 'Love before bite'

  19-03-2024 23:54
  
  Chick-fil-A's test kitchen is rolling out a variety of pizza flavors, including some topped with its fan-favorite sauce and signature chicken nuggets. The pizza flavors will be available at one Chick-fil-A location — at the chain's test kitchen in College Park, Maryland.The Maryland test kitchen — dubbed "Little Blue Menu" — offers fanatics the chance to try new innovations. Chick-fil-A said that the restaurant is inspired by Truett Cathy, the founder of the Atlanta-b
  
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• MacKenzie Scott gives out $640 million to 361 nonprofits

  19-03-2024 23:49
  
  MacKenzie Scott on Tuesday gave more of her wealth away to nonprofits.Across the country, 361 nonprofits collectively received $640 million through grants made by her donation vehicle, Yield Giving.They had sought the donations from Scott through an "open call" that Lever for Change facilitated, Lever for Change said on its website. The open call fielded over 6,000 applications in total.Scott said each of the nonprofits that ultimately received a grant in her latest charitable giving had be
  
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• Wendy's unveils new orange-flavored Frosty based on classic dessert

  19-03-2024 23:28
  
  Wendy's is rolling out a novel Frosty milkshake inspired by the beloved Orange Dreamsicle dessert.The Ohio-based fast food chain announced Tuesday that its brand new Orange Dreamsicle Frosty is now available at Wendy's locations across the U.S.In a release, Wendy's described the dessert as being "a beloved childhood classic [that] meets the iconic cool, creaminess of Frosty with Wendy's new, spring-inspired seasonal flavor."WENDY'S BACKTRACKS ON SURGE-PRICING AFTER CEO TOUCHED OFF FIRESTORM WITH
  
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• Problem child Ben & Jerry's getting boot from parent after years of political controversy

  19-03-2024 23:18
  
  Multinational conglomerate Unilever, the owner of some 400 brands, announced Tuesday it is spinning off its ice cream business — including major names like Ben & Jerry's, Breyers, Magnum, Popsicle and Klondike — after more than a century.The consumer goods giant said the move is part of a growth strategy to create a leaner business. At the same time, by shedding Ben & Jerry's, Unilever is ridding itself of a longtime headache.Since its founding in 1978, Ben & Jerry's has
  
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• Reddit CEO addresses whopping $193M compensation package

  19-03-2024 23:03
  
  Reddit CEO Steve Huffman addressed his $193 million compensation amid backlash from the social media platform's volunteer moderators as the company nears its initial public offering (IPO). Huffman responded to a question posed by a Reddit user that asked how the company came to the conclusion that his compensation package was reasonable. The question comes after some of the social media platform's unpaid moderators expressed frustration at the CEO's compensation package given their importan
  
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• Tesla battery catches fire in Illinois, shutting down highway for nearly 3 hours: Report

  19-03-2024 23:01
  
  Firefighters responded to a Tesla fire in Bethalto, Illinois on Sunday, forcing crews to shut down the highway for nearly three hours as they attempted to prevent hazardous materials from leading to further problems, according to reports.The Alton Telegraph in Alton, Illinois reported that on Sunday, a Tesla was heading northbound on Route 255 in Bethalto when it caught fire at about noon and had to pull over near Airline Drive.The people inside the vehicle escaped safely and crews from the Beth
  
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• LARRY KUDLOW: The Biden White House has orchestrated a massive lawfare campaign against Trump

  19-03-2024 22:57
  
  So, Donald Trump is so far unable to obtain a bond to guarantee payment of the insane $464 million civil fraud judgment against him and, of course, the insane trial judge Arthur Engoron has stipulated that without putting up the requisite cash, Mr. Trump is denied the ability to appeal the grossly disgraceful civil fraud against him. This is all part of Joe Biden's weaponized lawfare attack against Mr. Trump in order to stop the former president from becoming president again. The Biden Whit
  
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• George Lucas says 'no one knows Disney better' as he backs Bob Iger in proxy fight with Peltz

  19-03-2024 21:07
  
  Legendary filmmaker George Lucas is backing Disney and CEO Bob Iger in the company's proxy fight with activist investor Nelson Peltz."No one knows Disney better" than CEO Bob Iger, Lucas said in a statement seen by Reuters."I remain a significant shareholder because I have full faith and confidence in the power of Disney and Bob’s track record of driving long-term value," he reportedly said. "I have voted all my shares for Disney’s 12 directors and urge other shareholders to do the s
  
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• Nvidia CEO Jensen Huang announces company's next-gen AI chip

  19-03-2024 21:06
  
  Nvidia CEO Jensen Huang kicked off the artificial intelligence (AI) giant's GTC 2024 conference with a keynote address on Monday in which he unveiled the company's next-generation AI chip that the company hopes will keep Nvidia at the forefront of the AI race.The new Blackwell G200 is the successor to its Grace Hopper line of graphics processing units (GPUs), which are used in data centers and supercomputers as well as speeding up tasks. Nvidia said the new chip can enable AI models with a trill
  
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• Canadian apparel maker Gildan Activewear is up for sale

  19-03-2024 20:41 via cbc.ca
  
  Canadian clothing company Gildan Activewear said on Tuesday that its board has decided to put it up for sale following a review by a special committee.
  
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• Car insurance costs to keep rising in 2024 – pay less in these US states

  19-03-2024 20:35
  
  Drivers can expect much of the same this year for car insurance, with premiums continuing to soar and shopping options still constrained by providers ducking out of certain markets, according to a recent report from the Zebra.   Drivers paid an average of $1841 to insure a car in 2023, or 5% more than they did the previous year. That comes after a 15% jump between 2022 and 2023. Unfortunately, according to the report, 2024 is likely to bring more of the same. More of the
  
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• Credit scores fall for the first time in a decade as Americans struggle to save, keep up with payments

  19-03-2024 20:00
  
  Credit scores have fallen for the first time in a decade as consumers struggle to make payments on time and save money, according to a recent report from FICO. "It’s a notable milestone," FICO’s vice president of scores and predictive analytics, Ethan Dornhelm, said, per CNBC. "This is the first time in well over a decade that the score went down.""Another likely driver is that savings rates have trended back down to zero and those savings cushions that many consumers had have d
  
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• Pennsylvania Lottery stops Mega Millions sales ahead of massive $875M draw

  19-03-2024 19:25
  
  If you live in Pennsylvania, then your luck is probably out if you planned on purchasing a Mega Millions ticket with the hope of scooping up Tuesday night’s $875 million draw.The Pennsylvania Lottery is undergoing a system upgrade on Tuesday, which means that ticket sales at lottery retail locations are down for most of the day."Draw games, like Powerball® and Mega Millions®, won't be available for purchase on palottery.com for a brief period," the Pennsylvania Lottery said in a st
  
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• Free ice cream cones, water ice to welcome spring: Where to grab yours

  19-03-2024 18:53
  
  It is the first day of spring, which means Dairy Queen and Rita's are offering free treats. The companies announced they were kicking off the season with free ice cream and Italian ice, their usual spring giveaways. For Rita's, it is also a way to drum up sales for its newest product, Sour Patch Kids Watermelon Ice. UNILEVER TO CUT 7,500 JOBS, SPIN OFF ICE CREAM UNITDairy Queen is hosting a "free cone day" at participating locations nationwide on Tuesday, the first day of the spri
  
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• Swipe fees cost consumers an estimated $578 million on Valentine’s Day: Study

  19-03-2024 18:27
  
  Consumers likely paid hefty fees on Valentine’s Day if they bought gifts using credit cards. Swipe fees — fees credit card issuers and issuing banks charge retailers to process debit and credit card transactions — cost consumers an estimated $578 million in higher prices this Valentine’s Day, a Merchant Payments Coalition study found.The study based this estimate on the average 2.24% rate on Visa and Mastercards. Since the average amount spent on Valentine’s Day is
  
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• Alaska Airlines windshield cracks while landing in latest in-flight incident for Boeing

  19-03-2024 18:19
  
  The windshield of an Alaska Airlines Boeing 737 jet cracked while landing in Oregon on Sunday, the latest in a string of incidents involving aircraft belonging to the company.The jet, Flight 9 from Washington, D.C., was descending at Portland International Airport when a minor crack appeared on the inner windshield, Alaska Airlines said in a statement provided to FOX Business. "The crew followed their checklists and the aircraft continued safely to its destination as scheduled," the stateme
  
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• Average Wall Street bonus dipped to $176,500 last year

  19-03-2024 18:04
  
  Wall Street bonuses fell slightly last year despite an increase in industry profits, New York State Comptroller Thomas DiNapoli said Tuesday.DiNapoli's yearly estimate found the average annual Wall Street cash bonus was $176,500 in 2023, down 2% from $180,000 in 2022. The industry saw a 1.8% increase in profits last year. DiNapoli attributed the lower payouts to a rise in workers in the securities industry and to firms taking "a more cautious approach to compensation."STOCK MARKET HAS A &ls
  
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• Worries emerge over China capitalizing on Boeing's mistakes: A 'giant social experiment,' Republican rep says

  19-03-2024 17:23
  
  Despite one airline’s attempt to reassure Americans that the skies remain safe, one Republican lawmaker is expressing concerns over globalization practices at the expense of consumers."As a congressman who sits on the Transportation Committee, I am not confident," Rep. Jeff Van Drew, R-N.J., said on "Mornings with Maria" Tuesday."China is getting now, as you know, into the airline industry. China isn't worried about being a giant social experiment. They want to have the best planes, the fa
  
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• Movie prop car used by Steve McQueen is up for sale in Arizona, untouched for over 40 years

  19-03-2024 16:54
  
  A classic car used in actor Steve McQueen’s final film is up for grabs after sitting in a barn for nearly 40 years. The 1979 Pontiac Firebird Trans Am vehicle was used as a stunt car in the 1980’s film "The Hunter," as Bring A Trailer reported. It was one of two vehicles used on set for an explosion scene — and this one was gifted to a farmer in Illinois after the fact.QUEEN ELIZABETH II'S RANGE ROVER HITS THE AUCTION MARKET AFTER NEARLY 20 YEARS AND OVER 100,000
  
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• Sellers could benefit from NAR settlement, Redfin CEO says

  19-03-2024 16:50
  
  The U.S. housing market hasn't been kind to first-time buyers or sellers in recent years. However, sellers may soon see potential benefits from the landmark settlement from America's largest real estate trade association. This could allow sellers to keep a greater portion of their home equity, Redfin CEO Glenn Kelman told FOX Business.The National Association of Realtors (NAR), agreed to drop its policy on broker commissions last week as part of its settlement against a series of lawsuits b
  
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• Canada's inflation rate slowed to 2.8% in February, beating expectations for 2nd month in a row

  19-03-2024 13:35 via cbc.ca
  
  Canada's annual inflation rate cooled to 2.8 per cent in February, helped by slower growth in the cost of cellular services, groceries and internet access services, Statistics Canada said Tuesday.
  
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• Canada's annual inflation rate slowed to 2.8% in February

  19-03-2024 13:35 via cbc.ca
  
  Canada's annual inflation rate slowed to 2.8 per cent in February, according to Statistics Canada.
  
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• This Telus offshoot only covers certain drugs for its employees if they come from its own pharmacy

  19-03-2024 09:00 via cbc.ca
  
  Employees of the health services offshoot of Telus Communications are only reimbursed for certain drug prescriptions if they fill them through the company's own virtual pharmacy, CBC News has learned.
  
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• Telus Health only reimbursing employee drug prescriptions filled through its virtual pharmacy

  19-03-2024 09:00 via cbc.ca
  
  Employees of the health services offshoot of Telus Communications are only reimbursed for certain drug prescriptions if they fill them through the company's own virtual pharmacy, CBC News has learned.
  
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