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MacKenzie Scott gives $123M to Big Brothers Big Sisters

MacKenzie Scott gives $123M to Big Brothers Big Sisters

Maria Di Mento, Chronicle Of Philanthropy via Associated Press  |  Posted May 24 - 9:33 a.m.

MacKenzie Scott gave $122.6 million to Big Brothers Big Sisters of America, the national youth-mentoring charity announced on Tuesday.
Is a recession coming? New poll reveals majority of Utahns are worried

Is a recession coming? New poll reveals majority of Utahns are worried

Art Raymond, Deseret News  |  Posted May 24 - 9:07 a.m.

As U.S. inflation drives the costs of goods and services into record territory, Utah is among a group of Western states that has been experiencing the worst of those increases.
Starbucks leaving Russian market, shutting 130 stores

Starbucks leaving Russian market, shutting 130 stores

Dee-ann Durbin, Associated Press  |  Updated May 24 - 6:57 a.m.

Starbucks is pulling out of the Russian market. In a memo to employees Monday, the Seattle coffee giant said it decided to close its 130 stores and no longer have a brand presence in Russia.
Arby's is selling a fast-food staple it's never offered before

Arby's is selling a fast-food staple it's never offered before

Jordan Valinsky, CNN Business  |  Posted May 23 - 10:01 p.m.

Typically there's nothing groundbreaking about a fast-food chain selling a hamburger. But Arby's has never sold one — until now.
World's fastest passenger jet goes supersonic in tests

World's fastest passenger jet goes supersonic in tests

Tamara Hardingham-Gill, CNN  |  Posted May 23 - 9:29 p.m.

The race to resume supersonic passenger flights nearly two decades after the retirement of Concorde was offered a glimmer of excitement on Monday when plane manufacturer Bombardier revealed high speed achievements while confirming the launch of its new business jet.
Why Utah housing market is 'very low risk' for price drops — while these Idaho cities are 'high risk'

Why Utah housing market is 'very low risk' for price drops — while these Idaho cities are 'high risk'

Katie McKellar, Deseret News  |  Posted May 23 - 9:02 p.m.

Economists and housing researchers are seeing early signs of a cooling housing market — but a question remains.
Salt Lake City International Airport connecting the crossroads of the West with the heart of Europe

Salt Lake City International Airport connecting the crossroads of the West with the heart of Europe

Logan Stefanich, KSL.com  |  Posted May 23 - 7:11 p.m.

Travelers from Salt Lake City International Airport looking to travel to Europe will now have the option to do so on a nonstop flight, as Lufthansa Group on Monday announced the liftoff of the first and only direct flights from the Salt Lake City International Airport to Frankfurt, Germany.
Ogden IRS office seeks to fill hundreds of jobs

Ogden IRS office seeks to fill hundreds of jobs

Jacob Scholl, KSL.com  |  Posted May 23 - 5:14 p.m.

The Internal Revenue Service office in Ogden will hold a hiring event on Wednesday and Thursday, as the office looks to fill hundreds of entry-level positions.
Wall Street ends higher following 7 straight weeks of losses

Wall Street ends higher following 7 straight weeks of losses

Damian J. Troise And Alex Veiga, Associated Press  |  Posted May 23 - 4:50 p.m.

Stocks closed higher on Wall Street on Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.9%, the Dow Jones Industrial Average rose 2% and the Nasdaq rose 1.6%.
Average age of US cars hits record high due to tight supplies

Average age of US cars hits record high due to tight supplies

Kannaki Deka, Reuters  |  Posted May 23 - 2:39 p.m.

U.S. consumers are using their existing vehicles for longer as the inventory of new cars and light trucks remains constrained due to supply chain challenges, marking an all-time high for the average age, according to a report from S&P Global Mobility.
For Americans, 2021 delivered healthiest finances in 8 years

For Americans, 2021 delivered healthiest finances in 8 years

Christopher Rugaber, Associated Press  |  Posted May 23 - 1:48 p.m.

Almost eight in 10 adults said last fall that they were either "doing OK or living comfortably" when it came to their finances in 2021, according to an annual Federal Reserve survey.
Russian sentenced to life in Ukraine's 1st war crimes trial

Russian sentenced to life in Ukraine's 1st war crimes trial

Elena Becatoros, Oleksandr Stashevskyi And Ricardo Mazalan, Associated Press  |  Updated May 23 - 1:43 p.m.

A Ukrainian court has sentenced a 21-year-old Russian soldier to life in prison for killing a Ukrainian civilian. It is the first conviction for war crimes since Russia's invasion three months ago.
America needs more baby formula. Here's why it's so hard to make it

America needs more baby formula. Here's why it's so hard to make it

Parija Kavilanz, CNN Business  |  Posted May 23 - 12:33 p.m.

Industry insiders have long feared a situation just like this: American parents are desperately seeking adequate supply of formula for their infants during a nationwide shortage.
White House explores tapping emergency diesel reserve to ease price spike

White House explores tapping emergency diesel reserve to ease price spike

Matt Egan, CNN  |  Posted May 23 - 10:11 a.m.

The White House is considering an emergency declaration that would enable President Joe Biden to release diesel from a rarely used stockpile in a bid to address a major supply crunch, a senior White House official told CNN.
Most Utahns support labor unions, but their views aren't that simple

Most Utahns support labor unions, but their views aren't that simple

Bridger Beal-Cvetko, Deseret News  |  Posted May 23 - 9:07 a.m.

Efforts to organize at Starbucks, Amazon and other major companies have proliferated in 2022. But do Utahns support labor unions?
78K pounds of infant formula arrives in US

78K pounds of infant formula arrives in US

Michael Conroy, Associated Press  |  Updated May 22 - 5:33 p.m.

A military plane carrying enough specialty infant formula for more than half a million baby bottles has arrived in Indianapolis, the first of several flights expected from Europe aimed at relieving a shortage that has sent parents scrambling to find enough to feed their children.
How this Utah company went from basement offices to becoming a big e-learning business

How this Utah company went from basement offices to becoming a big e-learning business

Logan Stefanich, KSL.com  |  Posted May 22 - 8:21 a.m.

Andrew Scivally started eLearning Brothers out of his basement. Now, his learning and development products support over 90% of Fortune 500 companies.
Mortgage costs are up $1,000, yet Salt Lake homes still selling in just 5 days

Mortgage costs are up $1,000, yet Salt Lake homes still selling in just 5 days

Katie McKellar, Deseret News  |  Posted May 21 - 7:43 p.m.

Home price increases continue to be mind-boggling while high mortgage rates are only starting to cool the market, according to data on Utah and the nation's housing market.
Employees have the upper hand in today's job market. Here's how to negotiate your salary

Employees have the upper hand in today's job market. Here's how to negotiate your salary

Kathryn Vasel, CNN Business  |  Updated May 21 - 3:14 p.m.

When it comes to salary negotiations, job candidates have a lot of leverage these days.
Russia cuts off gas exports to Finland in symbolic move

Russia cuts off gas exports to Finland in symbolic move

Jari Tanner, Associated Press  |  Posted May 21 - 11:50 a.m.

Russia has halted natural gas exports to neighboring Finland. The highly symbolic move that came early Saturday marks a likely end to nearly 50 years of natural gas import from Moscow to Helsinki.
Riverdale drive-in theater shuts down, making way for new homes

Riverdale drive-in theater shuts down, making way for new homes

Mike Anderson, KSL-TV  |  Posted May 21 - 9:21 a.m.

Demand for new homes is pushing out a longtime icon in Riverdale — a drive-in theater that opened 75 years ago.
Crypto crash: Economy killer or just another roller-coaster moment?

Crypto crash: Economy killer or just another roller-coaster moment?

Art Raymond, Deseret News  |  Updated May 20 - 5:53 p.m.

The cryptocurrency market that was riding high late last year and worth over $3 trillion has tumbled dramatically, losing nearly $2 trillion in value and putting around half of all digital currency investors underwater.
Utah unemployment dips below 2% for 1st time as labor becomes 'precious commodity'

Utah unemployment dips below 2% for 1st time as labor becomes 'precious commodity'

Carter Williams, KSL.com  |  Posted May 20 - 3:06 p.m.

Utah labor officials reported Friday that the state's unemployment rate slipped to a record-low of 1.9% in April after steadily staying at 2% for months.
Danone ramps up US baby formula shipments to address shortage

Danone ramps up US baby formula shipments to address shortage

Richa Naidu and Lisa Baertlein, Reuters  |  Posted May 20 - 12:29 p.m.

Aptamil maker Danone SA has stepped up shipments of infant formula from Europe to address a shortage in the United States, according to U.S customs data and an analysis of ocean cargo data by shipping consultancy Ocean Audit for Reuters.
These Utahns are cutting back on groceries, travel because of inflation

These Utahns are cutting back on groceries, travel because of inflation

Bridger Beal-Cvetko, Deseret News  |  Posted May 20 - 9:15 a.m.

Though inflation cooled slightly last month, U.S. consumers are still paying significantly more for nearly everything they buy.
'Always first to lend a helping hand': Ray Pickup named 'Giant in our City' by Salt Lake Chamber

'Always first to lend a helping hand': Ray Pickup named 'Giant in our City' by Salt Lake Chamber

Logan Stefanich, KSL.com  |  Posted May 19 - 10:32 p.m.

Ray Pickup on Thursday received the Giant in our City Award, given to an individual who showcases exceptional and distinguished service and who has reached extraordinary professional achievement.
Elon Musk ditches Democrats, says he will support Republicans but not GOP super PACs

Elon Musk ditches Democrats, says he will support Republicans but not GOP super PACs

Art Raymond, Deseret News  |  Posted May 19 - 9:57 p.m.

Once an outspoken supporter of Democratic political candidates, Tesla and SpaceX CEO Elon Musk now says the party has morphed from "kindness" to "division and hate" and he will throw his support behind Republicans.
Sewer capacity pausing approval of new subdivisions in portion of Saratoga Springs

Sewer capacity pausing approval of new subdivisions in portion of Saratoga Springs

Ladd Egan, KSL-TV  |  Posted May 19 - 8:28 p.m.

Saratoga Springs is pausing approval of new plats for subdivisions in the city's south end until a sewer system upgrade is completed.
A bear market may be on the horizon. Here's what that means

A bear market may be on the horizon. Here's what that means

Stan Choe and Alex Veiga, Associated Press  |  Updated May 19 - 3:32 p.m.

Rising interest rates, high inflation, the war in Ukraine and a slowdown in China's economy have caused investors to reconsider the prices they're willing to pay for a wide range of stocks
Twitter will now label and suppress misinformation surrounding armed conflict and other crises

Twitter will now label and suppress misinformation surrounding armed conflict and other crises

Brian Fung, CNN Business  |  Posted May 19 - 12:30 p.m.

Twitter will now apply warning labels to — and cease recommending — claims that outside experts have identified as misinformation during fast-moving times of crisis, the social media company said Thursday.
Home sales tumble again as mortgage rates surge

Home sales tumble again as mortgage rates surge

Alex Veiga, Associated Press  |  Posted May 19 - 10:25 a.m.

Sales of previously occupied U.S. homes slowed in April for the third month in a row as mortgage rates surged, driving up borrowing costs for would-be homebuyers as home prices soared to new highs.
Retailers call out Visa and Mastercard for fee hikes that could make inflation worse

Retailers call out Visa and Mastercard for fee hikes that could make inflation worse

Alicia Wallace, CNN Business  |  Updated May 19 - 7:20 a.m.

Consumers could soon see even higher prices at some stores, after credit card giants Visa and Mastercard raised their "swipe fees" — generating an additional cost that some retailers could be forced to pass on to their customers.
Mortgage demand wanes 12% as interest rate hikes begin to dampen housing market

Mortgage demand wanes 12% as interest rate hikes begin to dampen housing market

Katie McKellar, Deseret News  |  Posted May 18 - 9:44 p.m.

The Federal Reserve's interest rate hikes are starting to make a dent in the U.S.'s hot housing market.
Europe plans to spend $221 billion to ditch Russia's energy

Europe plans to spend $221 billion to ditch Russia's energy

Anna Cooban, CNN Business  |  Posted May 18 - 3:26 p.m.

The European Union has unveiled a $221 billion plan to wean itself off Russian oil and gas.
'Liquid gold': US and Utah gas prices hit all-time high, look to keep moving up

'Liquid gold': US and Utah gas prices hit all-time high, look to keep moving up

Art Raymond, Deseret News  |  Posted May 18 - 2:04 p.m.

The average price of gas in the U.S. hit an all-time high on Wednesday of $4.57 per gallon and every state in the country is now averaging over $4 per gallon, according AAA.
Where's the beef? McDonald's, Wendy's are sued over burger sizes

Where's the beef? McDonald's, Wendy's are sued over burger sizes

Jonathan Stempel, Reuters  |  Posted May 18 - 9:41 a.m.

Justin Chimienti thought the Big Mac he bought at McDonald's and the Bourbon Bacon Cheeseburger he bought at Wendy's would be as big and juicy as advertised.
Gephardt Busts Inflation: 'Shrinkflation' emerges as prices climb

Gephardt Busts Inflation: 'Shrinkflation' emerges as prices climb

Matt Gephardt and Sloan Schrage, KSL-TV  |  Posted May 18 - 6:28 a.m.

You have seen supermarket prices shoot up over the last several months, but does it also seem like the packaging is shrinking?
Elon Musk on housing market bubble: 'They dug their own graves'

Elon Musk on housing market bubble: 'They dug their own graves'

Katie McKellar, Deseret News  |  Posted May 17 - 8:34 p.m.

Tesla CEO Elon Musk recently added the housing market into the mix of his Twitter commentary.
Nearly 43,000 people died on US roads last year, agency says

Nearly 43,000 people died on US roads last year, agency says

Tom Krisher and Hope Yen, Associated Press  |  Posted May 17 - 3:32 p.m.

Nearly 43,000 people were killed on U.S. roads last year. That's the highest number in 16 years as Americans returned to the highways after the pandemic forced many to stay at home.
Utah Sen. Mike Lee has a plan to combat baby formula shortage

Utah Sen. Mike Lee has a plan to combat baby formula shortage

Dennis Romboy, Deseret News  |  Posted May 17 - 2:31 p.m.

Sen. Mike Lee has a proposal to combat the national baby formula shortage, which he attributes to the Biden administration.
Largest aircraft owner lost 113 planes to Russia due to sanctions

Largest aircraft owner lost 113 planes to Russia due to sanctions

Chris Isidore, CNN Business  |  Posted May 17 - 1:28 p.m.

AerCap Holdings, the aircraft leasing giant that is the world's largest owner of jets, lost 113 planes when Russia seized them in response to sanctions triggered by the war in Ukraine.
Memorial Day travel expected to be 'taking off' despite higher prices, AAA projects

Memorial Day travel expected to be 'taking off' despite higher prices, AAA projects

Carter Williams, KSL.com  |  Posted May 17 - 12:30 p.m.

Memorial Day travel is forecast to increase by over 8% from last year despite inflation and the highest gas prices on record.
Musk: Doubt about spam accounts could scuttle Twitter deal

Musk: Doubt about spam accounts could scuttle Twitter deal

The Associated Press  |  Posted May 17 - 6:50 a.m.

Tesla CEO Elon Musk says his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the platform are fake or spam. Musk made the comment in a reply to another user on Twitter early Tuesday.
Buttigieg sends $5B to cities for safety as road deaths soar

Buttigieg sends $5B to cities for safety as road deaths soar

Hope Yen, Associated Press  |  Posted May 16 - 8:43 p.m.

Upcoming data shows traffic deaths soaring in the U.S. The Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis.
Housing market: Why rents are high in Utah, the West

Housing market: Why rents are high in Utah, the West

Katie McKellar, Deseret News  |  Posted May 16 - 5:50 p.m.

While housing prices in Utah and across the West continue to climb at staggering rates and price more and more would-be homebuyers out of the market, rents are far from stagnant.
Abbott, FDA enter deal over reopening of baby formula facility in Michigan

Abbott, FDA enter deal over reopening of baby formula facility in Michigan

Reuters  |  Posted May 16 - 4:14 p.m.

Abbott Laboratories said on Monday it had struck a deal with the U.S. health regulator under which it would resume production of baby formula at its troubled Michigan plant in two weeks, following certain clearances.
The Fed's slow response to inflation was a mistake, says ex-chair Ben Bernanke

The Fed's slow response to inflation was a mistake, says ex-chair Ben Bernanke

Nicole Goodkind, CNN Business  |  Posted May 16 - 2:27 p.m.

The first rule of running the Federal Reserve is: You do not criticize the Federal Reserve.
Intermountain Healthcare cancer program receives national accreditation

Intermountain Healthcare cancer program receives national accreditation

Ashley Imlay, KSL.com  |  Posted May 16 - 12:23 p.m.

Intermountain Healthcare's cancer program has received national accreditation for the first time from the American College of Surgeons' Commission on Cancer.
McDonald's to sell its Russian business, try to keep workers

McDonald's to sell its Russian business, try to keep workers

David Koenig, Associated Press  |  Posted May 16 - 8:22 a.m.

McDonald's says it's started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people. The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia "is no longer tenable, nor is it consistent with McDonald's values."
Varieties of Starburst, Skittles and Life Savers gummies recalled

Varieties of Starburst, Skittles and Life Savers gummies recalled

Ramishah Maruf, CNN  |  Posted May 16 - 6:50 a.m.

Mars Wrigley U.S. and Canada issued a voluntary recall of numerous gummy candies Friday, saying there could be a thin metal strand inside the candies or loose in the bag. The gummies were distributed in Canada, the United States and Mexico.
'Doctor Strange 2' keeps hold on top spot in 2nd weekend

'Doctor Strange 2' keeps hold on top spot in 2nd weekend

Lindsey Bahr, Associated Press  |  Posted May 15 - 7:19 p.m.

"Doctor Strange in the Multiverse of Madness" stayed on top of the box office charts in its second weekend in theaters. Studio estimates Sunday say the Marvel movie earned an additional $61 million from North American theaters.
Here's what you need to know about the new buy now, pay later apps

Here's what you need to know about the new buy now, pay later apps

Art Raymond, Deseret News  |  Posted May 15 - 6:34 p.m.

The emerging digital take on once ubiquitous layaway plans are really just app-based reboots, but it's a payment choice that can lead to harsh consequences for the unwary.
How resilient is the US consumer?

How resilient is the US consumer?

Paul R. La Monica, CNN Business  |  Posted May 15 - 1:11 p.m.

Worries about an economic slowdown are running wild on Wall Street. Despite concerns about inflation, higher interest rates, supply chain issues, geopolitical turmoil and COVID-19 outbreaks in China, American consumers continue to shop until they drop.
Cold, hard, sanitary cash? BYU study finds going cashless to prevent COVID-19 was 'useless'

Cold, hard, sanitary cash? BYU study finds going cashless to prevent COVID-19 was 'useless'

Logan Stefanich, KSL.com  |  Posted May 14 - 2:12 p.m.

To fight the spread of COVID-19, many businesses began encouraging transactions with credit cards. Now, a BYU study says those cards are actually worse for carrying the coronavirus.
This city's housing market is least overpriced, report says

This city's housing market is least overpriced, report says

Katie McKellar, Deseret News  |  Posted May 13 - 4:18 p.m.

We already know Boise leads the country in what researchers have deemed the most "overvalued" housing markets in the West, so what's the least overpriced city?
Uber to test delivering food with robots

Uber to test delivering food with robots

Matt McFarland, CNN  |  Posted May 13 - 3:29 p.m.

Uber is the latest company to try delivering food to people's homes with robots.
New parking garage seeks to unlock potential for growing Salt Lake neighborhood

New parking garage seeks to unlock potential for growing Salt Lake neighborhood

Carter Williams, KSL.com  |  Posted May 13 - 8:08 a.m.

The seven-story parking garage paves the ways for more growth near Salt Lake City's downtown.
Elon Musk says Twitter deal 'temporarily on hold'

Elon Musk says Twitter deal 'temporarily on hold'

Kelvin Chan, Associated Press  |  Posted May 13 - 7:00 a.m.

Elon Musk says his planned $44 billion purchase of Twitter is "temporarily on hold" pending details on spam and fake accounts on the social media platform.
Biden presses companies to make more infant formula, FDA eyes more imports

Biden presses companies to make more infant formula, FDA eyes more imports

Jeff Mason and Susan Heavey, Reuters  |  Updated May 12 - 5:27 p.m.

U.S. President Joe Biden met on Thursday with executives from infant formula manufacturers and retailers including Target, Walmart and Nestle's Gerber, pressing them to beef up tight supplies and do everything possible to get families access.