Inflation in the United States rose less than expected in December, further evidencing that the Federal Reserve's interest rate policy is creating steady downward pressure on prices. The latest...
Apple to Allow Users to ‘Unsend’ iMessages
Apple software engineer Craig Federighi announced at the company's 2022 Worldwide Development Conference that a new feature will soon unroll that allows users to effectively "unsend" an iMessage....
Fed Combats Soaring Inflation With Steep Rate Hike
The Federal Reserve implemented a monumental 0.75% interest rate hike over renewed fears that elevated inflation, supply and demand imbalances, higher energy prices, and broader economic pressures...
Amazon Issues Proposals to Avoid Antitrust Fines in EU
Online retailer Amazon issued a series of proposals on Monday in an attempt to avoid massive antitrust fines from European Union (EU) regulators. The investigation began in 2019 and is centered...
American Airlines Raises Regional Pilots’ Pay Amid Shortage
American Airlines is raising pilot pay for three out of its six regional carriers, affecting approximately 4,500 pilots. Pilots are in high demand as more Americans hit the skies for the travel...
DFW Teased With Possibilty of H-E-B
A Fort Worth H-E-B looks like a no-go for now, despite the buzz about the possibility in early June's news. After a press release hinted that an H-E-B grocery store would serve as the anchor for...
By Amy Jones | Jun 15, 2022
Russian McDonald’s Restaurants Rebranded as Company Pulls Out
Over 30 years ago, McDonald's opened its first Russian location in Moscow's Pushkin Square, attracting hundreds of residents and stretching lines around the block. For Russians at the time,...
U.S. Experiencing Largest CPI Increase in Four Decades
Higher gas and food prices are driving the largest 12-month increase in the consumer price index (CPI) since 1981, the U.S. Bureau of Labor Statistics (BLS) reported. The CPI is a national...
National Gas Price Average Hits All-Time High
National gas prices hit an all-time high on Tuesday, with the average cost for a gallon of gas reaching $5.02, rounded up from $5.016, according to AAA. The national average for a gallon of regular...
Startup Works to Accurately Forecast Weather Weeks Ahead
Salient Predictions is a Boston-based startup that built its company around being able to predict the weather well into the future, successfully raising over $5 million in funding from a seed round....
Fed Considering 0.75% Interest Rate Hike
Following last week's brutal Consumer Price Index report, the Federal Reserve may consider moving more aggressively against inflation by raising interest rates by 0.75% this week. Fed Chair Jerome...
Caterpillar Moving Division Headquarters to North Texas
Caterpillar, the construction and mining equipment giant, is moving its electric power division, along with hundreds of jobs, to Irving. Caterpillar is the maker of mining and construction...
Supply Chain Bottlenecks Likely to Continue
Supply chain bottlenecks continue to frustrate the normalization of global trade. Some factors playing into freight congestion, particularly between the United States and China, include labor...
Google Suspends Engineer Who Claimed AI Was Sentient
Google placed an employee on paid administrative leave on Monday, June 6, after the man publicly claimed that the tech giant accidentally created a sentient chatbot, allegedly violating his...
SpaceX Rocket Launch in Limbo
The Federal Aviation Administration will grant SpaceX a launch license for the inaugural launch of its next-generation Starship rocket if the company takes a number of specific actions to mitigate...
Dallas Italian Restaurant Sues Similarly-Named Competitor
Two Italian restaurants in Dallas are currently in a legal battle over their similar names. According to WFAA, Carbone's Fine Food and Wine LLC levied a lawsuit against a newcomer restaurant called...
Louis Vuitton Scores Another NBA Assist
Cross-brand collaborations help companies maximize and capitalize on one another's audiences, especially if their audiences typically would not intersect. Such is the case for the new professional...
Texas Power Grid Faces Record Demand Amid Heatwave
As temperatures rose above 100 degrees Fahrenheit throughout the Southwest this weekend, the ERCOT power grid faced the highest demand for electricity to date. Electricity demand rose to over 75...
Global Stocks Plunge
The U.S. stock market entered bear-market territory Monday as runaway inflation, elevated gas prices, and rising interest rates by the Federal Reserve leave Americans struggling to deal with the...
‘Swimply’ App Offers Unique Way to Beat the Heat
Higher temperatures have driven more people to seek relief at the pool in recent weeks. But instead of turning to the public city pools, some swimmers in the know are turning to the "Swimply" app to...
By Pete Griffin | Jun 14, 2022
Propak Purchased by Dallas Firm
Pallet Logistics of America (PLA), based in Dallas, has purchased Propak, headquartered in Fort Smith, Arkansas. Propak founder Steve Clark stated the acquisition would not affect employment, and he...