Federal Reserve participants took a neutral policy approach at their March meeting, holding interest rates steady and releasing an updated dot plot that maintains the central bank’s forecast of...
Interest Rates Surpass 2007 Mortgage Crisis
Interest rates in the U.S. have just hit the highest level since the start of the subprime mortgage crisis in 2007. Federal Reserve officials agreed to raise interest rates by 0.25% during their...
Tuesday Morning Going Out of Business
Tuesday Morning is going out of business. The Dallas-based discount retailer's stock experienced a precipitous decline in the past year. Just one year ago, its stock was trading at $29.75, and the...
TX Firm Buys South’s Oldest Fast Food Chain
Fast food chain Krystal is getting a new owner. SPB Hospitality, the owner of Logan’s Roadhouse, Old Chicago Pizza, and Taproom, announced on Thursday it had completed the purchase of The Krystal...
American Airlines Increases European Routes
American Airlines is expanding its international service to Rome and Dublin year-round. The airline will now operate daily flights throughout the year to Rome and Dublin, routes that were previously...
Engineer Regrets Advancing AI
The growing prominence and development of AI have led to a stark warning from the engineer who made the technology possible. Geoffrey Hinton, the man behind the 2012 AI breakthrough that led to the...
Spirit Airlines Brings Back Two DFW Routes
Spirit Airlines announced an expansion of its service from DFW International Airport this summer by restoring two routes: one to Boston and the other to Oakland. With this expansion, the budget...
Autonomous Taxi Company May Expand to Dallas
Cruise, a company that specializes in testing and developing autonomous car technology, may soon be coming to Dallas, according to job listings posted by the company. CEO Kyle Vogt said recently...
Pioneer Natural Resources CEO To Retire
The CEO of Irving-based fracking company Pioneer Natural Resources will retire at the end of the year. Scott Sheffield will step down as CEO and will be succeeded by Richard P. Dealy, who is...
Exxon and Chevron Q1 Report Beat Estimates
U.S. oil giants ExxonMobil and Chevron delivered their first-quarter earnings reports last week, posting a combined $18 billion in profits. Both companies posted fairly convincing earnings reports,...
UK Blocks Microsoft, Activision Blizzard Deal
Microsoft’s acquisition of Activision Blizzard has hit another roadblock. The UK’s Competition and Markets Authority (CMA) has blocked Microsoft’s proposed $69 billion acquisition of the video game...
Batteries Plus Announces Dallas Expansion
Batteries Plus, a repair franchise focusing on batteries, light bulbs, and key fobs, is opening 10 new locations in the DFW metroplex within the next five years, the company said in a press release...
IKEA Trims Costs With Product Redesigns
Furniture titan IKEA is combating rising input costs with sleek redesigns of some of the company’s signature products. With inflation driving up the price of shipping costs and construction...
ChatGPT Founder’s Big Bet on Fusion
Sam Altman, the CEO of ChatGPT developer OpenAI, placed a $375 million bet in 2021 to propel another new technology.
Defense Companies Struggle to Find Workers
Growing geopolitical tension is driving unprecedented demand for weapons. Last year, the war in Ukraine weighed on American ammunition stocks, and the Pentagon was slow to replace its inventory, The...
Airplane Turbulence Expected to Get Worse
Several high-profile instances of extreme turbulence caused by severe weather have recently come to light, and airplane passengers and crew can expect to weather the brunt of the difference....
Miami-Based Pizzeria Opens New Location
The Miami-based pizzeria Mister O1, which specializes in star-shaped pizzas, is opening a new location in Grapevine next week. On May 2, Mister O1 will be opening for customers at its second Texas...
Credit Suisse Posts Large Net Profit
Credit Suisse delivered its first quarter earnings report on Monday, giving some insight into its situation before rival UBS Group agreed to acquire the bank for $3.25 billion in March. The Swiss...
Airline Giants Report Q1 Financial Results
Airline titans reported a challenging financial quarter despite steady demand from customers. Delta Airlines and Southwest Airlines reported a net loss in the first quarter of 2023, while American...
Building Permit Momentum Slows Across the U.S.
Single-family and multifamily developments across the U.S. are losing steam as more and more homebuilders pull back on the number of applications submitted for new construction projects. Economic...
Boeing Delivers Mixed Q1 Earnings Report
Boeing delivered a first-quarter sales beat on Wednesday. The plane manufacturer reported revenues of $17.92 billion, an increase of 28% year-over-year, and beat analyst estimates by $360...