Utah & U.S. Business & Finance News

Spirit Airlines shuts down as company says it can't keep up with higher oil prices

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Meta faces New Mexico trial that could force changes to Facebook, other platforms

Meta faces New Mexico trial that could force changes to Facebook, other platforms

Diana Novak Jones, Reuters  |  Updated May 2 - 12:57 p.m.  |  Save Story

A trial beginning in New Mexico on Monday could prompt a judge to order sweeping changes to how Facebook, Instagram and WhatsApp operate - a move Meta Platforms has warned could force it to withdraw ​from the state.
The devil wears Old Navy? Inside Hollywood's favorite movie marketing blitz

The devil wears Old Navy? Inside Hollywood's favorite movie marketing blitz

Alli Rosenbloom, CNN  |  Updated May 2 - 10:40 a.m.  |  Save Story

What would Miranda Priestly say about being associated with a pair of drug store nail clippers?
Shop geared towards neurodivergent community opens in Idaho Falls

Shop geared towards neurodivergent community opens in Idaho Falls

Cody Roberts, EastIdahoNews.com  |  Posted May 2 - 9:21 a.m.  |  Save Story

Wandermind, a retail shop and community space that caters to neurodivergent individuals, hosted its grand opening in Idaho Falls Saturday.
What we know about the gas price surge in the West

What we know about the gas price surge in the West

Gitanjali Poonia, Deseret News  |  Posted May 1 - 7:11 p.m.  |  Save Story

Utahns aren't the only ones paying more for a gallon of gas — many states in the West are struggling with steeper prices.
Pentagon reaches agreements with top AI companies, but not Anthropic

Pentagon reaches agreements with top AI companies, but not Anthropic

Mike Stone and Chris Sanders, Reuters  |  Updated May 1 - 4:44 p.m.  |  Save Story

The Pentagon said on Friday it had reached agreements with seven AI companies to deploy their advanced capabilities ​on the Defense Department's classified networks.
Construction company says it's owed $165K for work on Rep. Trevor Lee's new house

Construction company says it's owed $165K for work on Rep. Trevor Lee's new house

Bridger Beal-Cvetko and Daniel Woodruff, KSL  |  Posted May 1 - 4:28 p.m.  |  Save Story

Subcontractors say they are owed $165,000 for work done on the new Layton home of state Rep. Trevor Lee.
Trump gives Spirit final rescue proposal as airline prepares possible shutdown

Trump gives Spirit final rescue proposal as airline prepares possible shutdown

David Shepardson, Reuters  |  Posted May 1 - 12:32 p.m.  |  Save Story

President Donald Trump said on Friday the White House had given Spirit Airlines and its ​creditors a final proposal to try to rescue the bankrupt airline, even as the budget carrier makes preparations to shut down if no deal is reached.
Hershey tops estimates as GLP‑1 users drive demand for mints, healthier snacks

Hershey tops estimates as GLP‑1 users drive demand for mints, healthier snacks

Juveria Tabassum and Alexander Marrow, Reuters  |  Posted May 1 - 11:02 a.m.  |  Save Story

Hershey beat first-quarter earnings estimates, helped by strong demand for its healthier snack brands, such as LesserEvil popcorn and its mints, as eating habits shift amid the growing use of GLP‑1 weight‑loss drugs.
Wall Street set to extend rally after best month in years

Wall Street set to extend rally after best month in years

Niket Nishant and Utkarsh Hathi, Reuters  |  Posted May 1 - 9:43 a.m.  |  Save Story

Wall Street's main indexes were on track for extended gains after market open on Friday, building on the impetus from ​their biggest monthly rise in years as confidence in strong earnings overshadowed oil risks.
McDonald's introduces 'dirty soda' lineup

McDonald's introduces 'dirty soda' lineup

Hayden Madson, Deseret News  |  Posted May 1 - 7:39 a.m.  |  Save Story

McDonald's announced this week it would introduce a new lineup of six specialty drinks on May 6: three new Refreshers and three crafted sodas coming to restaurants nationwide.
Power pole vs. garage: Homeowner says she's got 4 weeks to move garage or her power gets cut

Power pole vs. garage: Homeowner says she's got 4 weeks to move garage or her power gets cut

Matt Gephardt and Sloan Schrage, KSL  |  Posted April 30 - 6:33 p.m.  |  Save Story

A garage's roof has wrapped around a power pole for nearly 50 years but only now does the power company say the garage needs to go.
US resumes commercial passenger air service to Venezuela after 7 years

US resumes commercial passenger air service to Venezuela after 7 years

David Shepardson and Vivian Sequera, Reuters  |  Updated April 30 - 4:08 p.m.  |  Save Story

Passenger air service to Venezuela resumed on Thursday morning after ​seven years, with an American Airlines flight from Miami to Caracas.
University of Utah set to honor Utah's patron saint of the disabled 

University of Utah set to honor Utah's patron saint of the disabled 

Lee Benson, Deseret News  |  Posted April 30 - 3:12 p.m.  |  Save Story

Former ski instructor Meeche White will receive an honorary doctorate for co-founding the world-renowned National Ability Center at the University of Utah's commencement Thursday.
As summer opens, action movies have lost some box-office punch

As summer opens, action movies have lost some box-office punch

Lisa Richwine, Reuters  |  Updated April 30 - 10:30 a.m.  |  Save Story

When Hollywood's summer movie season kicks off on Friday, theater owners will be counting on the high-heeled women of "The Devil Wears ​Prada 2" instead of cape-wearing superheroes.
Magnolia Bakery is coming to Salt Lake City in June

Magnolia Bakery is coming to Salt Lake City in June

Sarah Gambles, Deseret News  |  Posted April 29 - 9:07 p.m.  |  Save Story

Magnolia Bakery recently announced it will be bringing its iconic sweets to Salt Lake City.
Fed holds rates steady amid sharp divide; Powell staying as governor when term as chair ends

Fed holds rates steady amid sharp divide; Powell staying as governor when term as chair ends

Howard Schneider and Ann Saphir, Reuters  |  Posted April 29 - 5:22 p.m.  |  Save Story

The Federal Reserve held interest rates steady on Wednesday, but, in its most divided decision since 1992, noted rising concerns about inflation in its policy ​statement.
Scientists share concerns over proposed mega data center in Box Elder County

Scientists share concerns over proposed mega data center in Box Elder County

Mike Anderson, KSL  |  Posted April 29 - 5:10 p.m.  |  Save Story

A professor of physics at USU said he and some of his colleagues have lingering questions when it comes to the feasibility of a mega data center in Box Elder County.
Affordable housing subdivision proposed in Island Park

Affordable housing subdivision proposed in Island Park

Lisa Lete, EastIdahoNews.com  |  Posted April 29 - 1:30 p.m.  |  Save Story

An Idaho businessman is proposing a new subdivision aimed at easing the housing crunch for workers in Island Park and nearby West Yellowstone.
Single-family housing starts jump to 13-month high in March

Single-family housing starts jump to 13-month high in March

Reuters  |  Updated April 29 - 12:45 p.m.  |  Save Story

Single-family homebuilding increased to a 13-month high, but the improvement was likely a blip as ​permits for future construction fell sharply and confidence among builders remained subdued.