Utah & U.S. Business & Finance News
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Utah mechanics group votes to decertify from its union
Caitlin Keith, Deseret News | Posted Dec. 31 - 8:20 a.m. | Save Story
Employees of Smith Power Products recently voted to decertify and break free from their union, officials confirmed.
Oil set for biggest annual drop since 2020
Enes Tunagur, Reuters | Updated Dec. 31 - 7:51 a.m. | Save Story
Oil prices crept higher on Wednesday, while heading for a fall of more than 15% over the course of 2025, as expectations of oversupply increased in a year marked by wars, higher tariffs, increased OPEC+ output and sanctions.
Fed officials showed deep divisions at December meeting, minutes show
Howard Schneider, Reuters | Posted Dec. 30 - 9:28 p.m. | Save Story
The Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks currently facing the economy, according to minutes of the latest two-day session.
Meta buys startup Manus in latest move to advance its artificial intelligence efforts
Associated Press | Posted Dec. 30 - 9:26 p.m. | Save Story
Meta is buying artificial intelligence startup Manus, as the owner of Facebook and Instagram continues an aggressive push to amp up AI offerings across its platforms.
Idaho company recalls nearly 3,000 pounds of ground beef for E. coli risk
Dee-Ann Durbin, Associated Press | Posted Dec. 30 - 6:48 p.m. | Save Story
An Idaho company is recalling nearly 3,000 pounds of raw ground beef that may have been contaminated with E. coli. The Department of Agriculture said it has no reports of illness due to the contamination yet.
Trump administration must fund US consumer finance watchdog, judge says
Douglas Gillison, Reuters | Posted Dec. 30 - 10:33 a.m. | Save Story
A federal judge on Tuesday rejected a claim by President Donald Trump's administration that it is legally barred from securing funding for the U.S. Consumer Financial Protection Bureau.
US home prices rise by least since 2012 in October, government data shows
Reuters | Posted Dec. 30 - 9:20 a.m. | Save Story
U.S. home prices rose in October at the slowest annual rate in more than 13 years, government data showed on Tuesday, a sign of improving affordability in the long-struggling housing market.
Utah to get money due to settlement with Mercedes-Benz over emissions cheating
Amy Joi O'Donoghue, Deseret News | Posted Dec. 29 - 9:00 p.m. | Save Story
Utah officials announced the state joined a coalition of dozens of states, the District of Columbia and Puerto Rico, for a $149.6 million settlement with Mercedes-Benz USA and Daimler AG for violating state laws prohibiting unfair or deceptive trade practices in vehicle emissions.
150 million World Cup ticket requests received by FIFA, Infantino says
Karan Prashant Saxena and Chiranjit Ojha, Reuters | Posted Dec. 29 - 1:03 p.m. | Save Story
FIFA President Gianni Infantino defended the ticket prices for next year's World Cup in the United States, Canada and Mexico, citing heavy demand for them and the revenue generated for the sport around the world.
Trump administration: Student loan defaulters may soon have wages garnished
Jason Swensen, Deseret News | Posted Dec. 29 - 12:04 p.m. | Save Story
Student loan recipients who are in default may soon find fewer dollars in their paychecks.
Americans in 1998 tried to predict 2025. Here's what they got right
Ariel Edwards-Levy, CNN | Posted Dec. 29 - 10:03 a.m. | Save Story
Gallup and USA Today called up 1,055 Americans on those landlines and asked them for their best predictions about a year in the distant future: 2025.
Starbucks doesn't want to be on every street in New York and Los Angeles anymore
Nathaniel Meyersohn, CNN | Posted Dec. 29 - 8:42 a.m. | Save Story
Starbucks spent years trying to become an inescapable storefront on the streets of New York, Los Angeles and other big cities in America. Now that's coming to an end.
Vegas doughnut franchise expands to northern Utah; opening date set for American Fork store
Curtis Booker, KSL | Posted Dec. 29 - 8:13 a.m. | Save Story
Pinkbox Doughnuts will open a new American Fork store in mid-January, and a Sandy location opening date has yet to be announced.
Luxury goods were once built to last. Now, some fall apart as easily as fast fashion
Kati Chitrakorn, CNN | Posted Dec. 29 - 7:52 a.m. | Save Story
When New York-based model and influencer Wisdom Kaye went shopping at the Italian fashion label Miu Miu and returned home with a haul of clothes he says he spent $18,000 on, he didn't expect some of the items would fall apart in front of his eyes.
Wall Street set for lower open as rally pauses in final week of 2025
Purvi Agarwal and Shashwat Chauhan, Reuters | Posted Dec. 29 - 7:47 a.m. | Save Story
Wall Street's main indexes were set to kick off the final week of the year on a lower note on Monday, as heavyweight technology stocks gave up some ground from last week's gains which had pushed the S&P 500 to new highs.
New York subway ends its MetroCard era and switches fully to tap-and-go fares
Philip Marcelo, Associated Press | Posted Dec. 29 - 7:21 a.m. | Save Story
The New York City transit system is retiring the MetroCard after more than 30 years.
How many times a day do US adults check their phones?
Lois M. Collins, Deseret News | Posted Dec. 28 - 10:30 p.m. | Save Story
Nearly half of Americans say they are "addicted" to their cellphones, checking them an average of 186 times a day, according to a report from Reviews.org.
Cedar City builder discusses approach to affordability, quality
Andrew Adams, KSL | Posted Dec. 28 - 9:45 p.m. | Save Story
With home prices steadily rising in Utah and with demand only expected to climb in the years to come, a homebuilder shared its approach to keep a new housing project priced below the median in Iron County.
