Utah & U.S. Business & Finance News
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The typical first-time homebuyer in the US is 40. Are Utahns waiting that long, too?
Lisa Riley Roche, Deseret News | Posted Nov. 13 - 9:03 p.m. | Save Story
First-time homebuyers continue to get older nationwide — and likely in Utah.
BBC apologizes to Trump over speech edit, rejects defamation claim
Catarina Demony, Reuters | Updated Nov. 13 - 8:04 p.m. | Save Story
The BBC apologized to President Donald Trump on Thursday for editing a speech to make it look like he had advocated violence, seeking to ward off the threat of legal action, but the broadcaster rejected the basis for a defamation claim.
'Worst that we've ever seen': Davis day care helping parents with no options
Andrew Adams, KSL-TV | Posted Nov. 13 - 7:37 p.m. | Save Story
As congressional leaders were poised to vote on a government funding bill, a day care center said the need it was seeing among families it served was only growing by the day.
Starbucks workers kick off 65-store US strike on company's busy Red Cup Day
Dee-ann Durbin, Associated Press | Updated Nov. 13 - 4:34 p.m. | Save Story
More than 1,000 unionized Starbucks workers plan to strike at 65 U.S. stores Thursday to protest a lack of progress in labor negotiations with the company.
Flying will stay rough after the shutdown. Why? Spirit Airlines
Chris Isidore, CNN | Updated Nov. 13 - 2:16 p.m. | Save Story
Relatively few people fly Spirit Airlines – but the company could still affect how much you pay for your holiday travel, even if recent government-mandated flight cancellations end.
Creekstone Energy closes funding round to advance world's largest data center campus in Utah
Logan Stefanich, KSL.com | Posted Nov. 13 - 12:45 p.m. | Save Story
The push for Millard County to house the world's largest data center campus took another step forward last week when Creekstone Energy announced the closure of its Series B funding round to advance its potential data center campus.
The unprecedented government shutdown will weigh on a US economy already under stress
Christopher Rugaber, Associated Press | Updated Nov. 13 - 11:27 a.m. | Save Story
The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure.
Apple launches $229.95 iPhone Pocket 'sock' to widespread bemusement
Jack Guy, CNN | Updated Nov. 13 - 10:57 a.m. | Save Story
Apple has built its reputation on cutting-edge devices and sleek design, but the company's latest product is decidedly more low-tech.
Disney warns of potentially long distribution dispute with YouTube TV, shares fall
Lisa Richwine and Dawn Chmielewski, Reuters | Posted Nov. 13 - 9:17 a.m. | Save Story
Walt Disney signaled it was girding for a potentially prolonged fight with YouTube TV over distribution of its television channels, worrying investors.
Trump signs deal to end longest government shutdown in US history
David Morgan, Nolan D. McCaskill and Bo Erickson, Reuters | Updated Nov. 12 - 10:30 p.m. | Save Story
President Donald Trump on Wednesday signed legislation ending the longest government shutdown in U.S. history.
Treasurer strikes final pennies at Philadelphia Mint
Andrea Shalal, Reuters | Posted Nov. 12 - 8:01 p.m. | Save Story
Treasurer Brandon Beach visited the Philadelphia Mint on Wednesday to strike the final five circulating one-cent coins or pennies, ending 232 years of penny production in the United States.
Boeing ordered to pay more than $28M to 737 MAX crash victim's family
Diana Novak Jones, Reuters | Posted Nov. 12 - 6:50 p.m. | Save Story
A jury in federal court in Chicago ordered Boeing on Wednesday to pay more than $28 million to the family of a United Nations environmental worker who was killed in the 2019 crash of a 737 MAX jet in Ethiopia.
50-year mortgage could leave Utah home buyers paying hundreds of thousands more in interest
Sloan Schrage, KSL-TV | Posted Nov. 12 - 11:10 a.m. | Save Story
The Trump administration says 50-year mortgages could make homes more affordable. But some experts warn that stretching a loan to 50 years will do the opposite.
Penny shortage threatens completion of Provo business's unique floor project
Debbie Worthen, KSL-TV | Posted Nov. 12 - 8:43 a.m. | Save Story
As the U.S. Mint winds down production of the penny, one local business finds itself in a race against time to complete a project where the humble coin takes center stage.
Taylor Swift sparks sales surge for Utah jewelry brand
Shelby Lofton, KSL-TV and Eric Cabrera, KSL NewsRadio | Posted Nov. 12 - 7:57 a.m. | Save Story
A Park City jewelry company is seeing a surge in business after pop superstar Taylor Swift was photographed wearing one of its pieces.
Fewer trips, tighter wallets: Holiday travel demand cools across the board, report shows
Aishwarya Jain, Reuters | Posted Nov. 12 - 6:51 a.m. | Save Story
The holiday rush may lose some of its momentum this year as a report on Wednesday shows Americans are planning to take fewer trips and spend less on them amid growing financial concerns.
Tracy Aviary plans to move original 87-year-old structure for new bird show pavilion
Carter Williams, KSL.com | Posted Nov. 12 - 6:16 a.m. | Save Story
One of Utah's oldest zoos received the green light to relocate one of its original buildings to make way for a new pavilion that will allow its handlers to conduct shows throughout the year.
US airlines cancel 1,200 flights Tuesday as government shutdown continues
David Shepardson, Reuters | Posted Nov. 11 - 5:46 p.m. | Save Story
Airlines canceled 1,200 flights on Tuesday, the fifth straight day they have topped 1,000 since the government imposed mandatory flight reductions to address safety concerns.
House returns to Washington for vote to end government shutdown
Nolan D. McCaskill, Andy Sullivan and David Morgan, Reuters | Posted Nov. 11 - 11:02 a.m. | Save Story
Members of the House of Representatives headed back to Washington on Tuesday, after a 53-day break for a vote that could bring the longest government shutdown in history to a close.
Salt Lake City's historic Tower Theatre may look more like its old self with new plans
Carter Williams, KSL.com | Posted Nov. 11 - 10:06 a.m. | Save Story
The Tower Theatre has been closed since 2020, but its owners say they're making progress in their quest to renovate the nearly century-old building.
Wendy's to close hundreds of US restaurants in bid to halt falling profit
Dee-ann Durbin, Associated Press | Updated Nov. 11 - 6:59 a.m. | Save Story
Wendy's plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit and make its remaining stores more appealing.
'Open and ready': Clearfield Job Corps still operating despite program's uncertain future
Tim Vandenack, KSL.com | Posted Nov. 10 - 9:00 p.m. | Save Story
The Clearfield Job Corps program, targeted for closure last spring along with 98 others around the country, is still operating and taking applications.
US Senate passes bill to end government shutdown, sends to House
Richard Cowan, Andy Sullivan and Nolan D. McCaskill, Reuters | Updated Nov. 10 - 7:47 p.m. | Save Story
The U.S. Senate on Monday approved a compromise that would end the longest government shutdown in U.S. history, breaking a weeks-long stalemate.
Trump demands air traffic controllers return to work as flight cancellations spike
David Shepardson, Reuters | Updated Nov. 10 - 10:16 a.m. | Save Story
President Donald Trump demanded air traffic controllers return to work on Monday as government-directed flight cuts and air traffic staffing absences continue to wreak havoc with U.S. air travel.
How AI and your cellphone data decide which stores come to Utah
Deanie Wimmer, KSL-TV | Posted Nov. 10 - 8:01 a.m. | Save Story
If you've ever wished for a Trader Joe's, Buc-ee's or Costco in your neighborhood, here's the secret: it's not luck — it's data.
Major retailers promise a cheaper Thanksgiving, but there's a twist
Siddharth Cavale, Reuters | Posted Nov. 9 - 9:30 a.m. | Save Story
Grocery giants are trumpeting their Thanksgiving meal deals as more affordable than ever. But those retailers are doing exactly what shoppers are doing, trading down to cheaper private-label alternatives or offering fewer items.
A 7-story complex could soon wrap around this historic Salt Lake City synagogue
Carter Williams, KSL.com | Posted Nov. 9 - 7:15 a.m. | Save Story
A plan for a 113-unit apartment complex on the current lots next to and behind a historic Jewish temple near downtown now has the support of a key Salt Lake City commission.
In the largest democracy in the world, a delegation from Utah sees possibility
Gitanjali Poonia, Deseret News | Posted Nov. 8 - 9:46 p.m. | Save Story
Utah state Rep. Jason Thompson is seeing possibilities during a trade mission to India, organized by World Trade Center Utah and led by Utah Senate President Stuart Adams.
Iconic restaurant in Ogden Canyon prepares for reopening
Par Kermani, KSL.com | Posted Nov. 8 - 9:01 p.m. | Save Story
The Oaks in Ogden Canyon is slated to reopen this month under new ownership and after being closed for several years.
FAA bars MD-11 flights for now after fiery UPS jet crash
David Shepardson and Allison Lampert, Reuters | Posted Nov. 8 - 8:16 p.m. | Save Story
The Federal Aviation Administration on Saturday issued an order prohibiting MD-11 planes from flying for now, pending inspection, after a fiery crash this week of a UPS cargo freighter in Louisville, Kentucky.
What they grew up doing for fun … they're still doing it
Lee Benson, Deseret News | Posted Nov. 8 - 7:02 p.m. | Save Story
The Lewis brothers of northern Utah have built their Atomic City film company over the course of decades from a hobby as teens to a full-time endeavor. Here's their story.
Groundbreaking for new Millard County artificial intelligence data center
Alex Cabrero, KSL-TV | Posted Nov. 8 - 4:17 p.m. | Save Story
A groundbreaking was held Thursday afternoon in Millard County on what developers said could become one of the nation's most advanced data centers.
Government launches program to lower Medicaid drug prices
Reuters | Updated Nov. 8 - 8:29 a.m. | Save Story
The government on Thursday unveiled a new program to cut prescription drug costs for Medicaid patients by tying prices to those paid in other countries.
Salt Lake City Downtown Farmers Market finds new winter market home outside of downtown
Carter Williams, KSL.com | Posted Nov. 7 - 7:11 p.m. | Save Story
The Salt Lake City Downtown Farmers Market is moving its winter market just outside of downtown limits, and into a newly vacated Central City building.
US airlines cancel 1,000 flights while complying with shutdown order
Josh Funk and Rio Yamat, Associated Press | Updated Nov. 7 - 4:56 p.m. | Save Story
Anxious travelers across the U.S. felt a bit of relief as airlines mostly stayed on schedule while gradually cutting flights because of the government shutdown.
How to avoid overpaying for your car loan
Matt Gephardt and Sloan Schrage, KSL-TV | Posted Nov. 7 - 4:34 p.m. | Save Story
Financial advisers say car buyers often don't give their car loan much thought until they're face-to-face with the dealer's finance manager. And that can cost them thousands of dollars.
Here's a way to get into skiing or snowboarding that won't break the bank
Dennis Romboy, Deseret News | Posted Nov. 7 - 12:00 p.m. | Save Story
Dale Roberts, the founder and CEO of Ogden-based Rocky Mountain Ski Swaps, wants to make skiing and snowboarding more accessible for families by offering gently used and discounted new gear.
Google likely to pay $700M in Play Store settlement; Utah to get approximately $10M
Logan Stefanich, KSL.com | Posted Nov. 7 - 11:21 a.m. | Save Story
Google is likely to pay a $700 million settlement in response to a Utah-led complaint over its anticompetitive conduct regarding payment processing and app distribution.
Utahns feel steady about finances — even as household debt climbs
Emma Pitts, Deseret News | Posted Nov. 7 - 7:39 a.m. | Save Story
Utahns appear to be in a similar financial situation to a year ago, according to Zions Bank's consumer sentiment index for last month, published in partnership with the University of Utah.
Mortgage rates up after month of decreases
Lisa Riley Roche, Deseret News | Posted Nov. 6 - 10:31 p.m. | Save Story
The weekly average for a 30-year fixed-rate mortgage in the U.S. rose slightly this week.
Walmart breaks ground on new West Haven location, the city's first grocery store
Curtis Booker, KSL.com | Posted Nov. 6 - 7:37 p.m. | Save Story
A groundbreaking ceremony was held for the new Walmart store in West Haven.
Salt Lake City among 40 airports to receive 10% service cut amid government shutdown
Carter Williams, KSL.com | Updated Nov. 6 - 7:34 p.m. | Save Story
Utah's largest airport is among the 40 across the country that will have a reduction in service beginning on Friday, as the federal shutdown continues in its second month.
Elon Musk's $878 billion Tesla pay plan wins shareholder approval
Abhirup Roy and Akash Sriram, Reuters | Updated Nov. 6 - 6:34 p.m. | Save Story
Tesla CEO Elon Musk scored a resounding victory as shareholders approved a pay package of as much as $878 billion over the next decade, endorsing his vision of morphing the EV maker into an AI and robotics juggernaut.
Peyton Manning talks leadership, tech and football at 47G Summit
Logan Stefanich, KSL.com | Posted Nov. 6 - 6:02 p.m. | Save Story
Peyton Manning made a stop in Utah this week to speak at the 47G Zero Gravity Summit, where he spoke about leadership, technology and football.
Peloton recalls nearly 878,000 exercise bikes after several seat posts break
Associated Press | Posted Nov. 6 - 5:06 p.m. | Save Story
Peloton is recalling nearly 878,000 of its exercise bikes across the U.S. and Canada because the products' seat posts can break during use, posing fall hazards.
Turnover rate for homes in the US is the lowest in decades. Here's why
Lisa Riley Roche, Deseret News | Posted Nov. 6 - 1:00 p.m. | Save Story
The rate of homes changing hands in the United States is at the lowest since the 1990s.
Boeing settles with families of three 737 MAX crash victims
Dan Catchpole, Reuters | Posted Nov. 6 - 12:44 p.m. | Save Story
Boeing has reached settlements in three lawsuits brought by the families of victims who died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX, an attorney said Wednesday.
Free Utah boxing gym transforms lives of 'at-risk' youth
Kathleen Clove, KSL.com | Posted Nov. 6 - 9:00 a.m. | Save Story
For more than 50 years, Utah's Fullmer Brothers Boxing has been changing the lives of youth by teaching them how to win in the ring and in life.
Toyota recalling 1.02 million US vehicles over rear camera flaw
David Shepardson, Reuters | Updated Nov. 6 - 8:51 a.m. | Save Story
Toyota Motor said Wednesday it is recalling 1.02 million vehicles in the United States due to a flaw that may cause a rear-view camera to fail, boosting the risk of a crash.
Supreme Court casts doubt on legality of Trump's global tariffs
Andrew Chung, John Kruzel and Jan Wolfe, Reuters | Updated Nov. 5 - 10:13 p.m. | Save Story
Supreme Court justices raised doubts on Wednesday over the legality of President Donald Trump's sweeping tariffs in a case with implications for the global economy that marks a major test of Trump's powers.
Movie association tells Meta to stop using PG-13 to refer to Instagram teen content
Barbara Ortutay, Associated Press | Updated Nov. 5 - 6:30 p.m. | Save Story
The Motion Picture Association is asking Meta to stop referring to content shown to teen accounts on Instagram as guided by PG-13 ratings, saying it is misleading.
Starbucks workers union votes to authorize strike amid stalled talks
Waylon Cunningham, Reuters | Posted Nov. 5 - 5:07 p.m. | Save Story
Unionized Starbucks baristas voted to authorize an open-ended strike ahead of Starbucks' high-traffic holiday season, announced Starbucks Workers United on Wednesday.
Utah's 15 ski resorts made upgrades for this winter, but weather is delaying at least 1 opening
Carter Williams, KSL.com | Posted Nov. 5 - 3:00 p.m. | Save Story
Utah's 15 ski resorts spent nearly $600 million toward investments over the past few years, but weather may still delay some openings this year.
Are any jobs safe from AI?
Peter Rosen, KSL-TV | Posted Nov. 5 - 2:00 p.m. | Save Story
These days, a lot of workers have been asking themselves whether AI is coming for their jobs.
House lawmakers probe Delta Air Lines on use of AI in ticket pricing
David Shepardson, Reuters | Updated Nov. 5 - 12:35 p.m. | Save Story
A group of two dozen House Democratic lawmakers asked Delta Air Lines CEO Ed Bastian on Wednesday to answer questions about whether it will use generative artificial intelligence to help set ticket prices.
'Build here': 47G's aerospace and defense summit aims to make Utah premiere destination
Art Raymond, Deseret News | Posted Nov. 5 - 11:00 a.m. | Save Story
A gathering in Salt Lake City Tuesday aims to "unite one of the most dynamic aerospace and defense ecosystems in the U.S. and position Utah as the premiere destination for the future this industry."
Salt Lake City makes another $14.4M available for affordable housing construction
Carter Williams, KSL.com | Posted Nov. 5 - 8:03 a.m. | Save Story
Utah's capital city is seeking to spend millions of additional dollars toward its growing affordable housing stock.
West Valley City farm wants your leftover holiday pumpkins
Shelby Lofton, KSL-TV | Posted Nov. 5 - 7:29 a.m. | Save Story
A Salt Lake County farm is asking for leftover Halloween pumpkins.
