Utah & U.S. Business & Finance News
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Trump rules out force, tariffs, says Greenland deal framework reached
Steve Holland and Trevor Hunnicutt, Reuters | Updated Jan. 21 - 1:50 p.m. | Save Story
President Donald Trump abruptly stepped back on Wednesday from threats to impose tariffs as leverage to seize Greenland, and said a deal was in sight to end the dispute.
Supreme Court appears reluctant to let Trump fire Fed's Lisa Cook
Andrew Chung, John Kruzel and David Lawder, Reuters | Updated Jan. 21 - 1:30 p.m. | Save Story
Conservative and liberal Supreme Court justices signaled skepticism on Wednesday toward President Donald Trump's bid to fire Federal Reserve Governor Lisa Cook in a case with the central bank's independence at stake.
Fed to hold rates through March, and possibly through Powell's tenure, on strong growth
Indradip Ghosh, Reuters | Updated Jan. 21 - 11:00 a.m. | Save Story
The Federal Reserve will hold its key interest rate through this quarter and possibly until Chair Jerome Powell's tenure ends, according to a majority of economists polled by Reuters, a shift from last month.
Can Utah solve Trump's critical minerals dilemma?
Brigham Tomco, Deseret News | Posted Jan. 21 - 10:00 a.m. | Save Story
The top power brokers in the Utah Legislature announced on Tuesday one of their aims for the 2026 legislative session is to make Utah the No. 1 destination for critical mineral extraction.
Makeup stickers burn MRI patient's face, who is responsible?
Matt Gephardt, KSL | Posted Jan. 21 - 9:30 a.m. | Save Story
A Utah patient says she suffered MRI burns on her face and sought help from KSL's Get Gephardt.
Utah chain lands in Yelp's Top 100 best restaurants for 2026
Carter Williams, KSL | Posted Jan. 21 - 8:05 a.m. | Save Story
One of the best places to find pizza and other food items, according to Yelp, can be found throughout the Wasatch Front.
How this historic Salt Lake City office building became a 217-unit residential tower
Carter Williams, KSL | Posted Jan. 21 - 6:15 a.m. | Save Story
What was once 217,000 square feet of office space completed 60 years ago is now home to 217 residential units.
Stocks hit with across board selloff as Trump's threats over Greenland unnerves investors
Chibuike Oguh and Elizabeth Howcroft, Reuters | Posted Jan. 20 - 4:01 p.m. | Save Story
Global stocks plunged on Tuesday, with a selloff in equities on Wall Street, Europe and Asia, after President Donald Trump threatened to reignite a trade war with Europe over Greenland.
This issue dwarfs all others for Utah voters as legislative session begins
Brigham Tomco, Deseret News | Posted Jan. 20 - 3:02 p.m. | Save Story
Housing affordability is the No. 1 issue Utah voters want the Legislature to address according to a new Deseret News/Hinckley Institute of Politics poll.
Smart slopes: 5 high-tech ways to level up your Utah ski weekend
Brooke Nally for KSL | Posted Jan. 20 - 1:45 p.m. | Save Story
A new wave of mountain tech is hitting Utah. From AI coaches that live in your boots to goggles that "see" through blizzards, here are five ways to upgrade your skiing experience.
Many businesses along Park City's Main Street excited for Sundance
Alex Cabrero, KSL | Posted Jan. 20 - 10:40 a.m. | Save Story
Despite lack of snow, Park City businesses are busy. They expect that to continue during the upcoming, and Utah's final, Sundance Film Festival.
Standing at eye level again: How a Utah company is transforming mobility care
Curtis Booker, KSL | Posted Jan. 20 - 9:30 a.m. | Save Story
Matia Mobility's standing wheelchairs are transforming lives in Utah and beyond.
Netflix will now pay all cash for Warner Bros to keep Paramount at bay
Dawn Chmielewski, Reuters | Updated Jan. 20 - 8:20 a.m. | Save Story
Netflix has switched to an all-cash offer for Warner Bros Discovery's studio and streaming assets but without increasing the $82.7 billion price in a bid to shut the door on Paramount's rival efforts.
Utah Medicaid fails to collect nearly $50M in drug rebates, state auditor reports
Sarah Martin, KSL | Posted Jan. 19 - 2:11 p.m. | Save Story
An audit released Thursday found a Medicaid software upgrade three years ago has been failing to apply for drug rebates, for which the state may have failed to collect nearly $50 million.
Valentino, fashion designer to the jet set, dies in Rome
The Associated Press | Posted Jan. 19 - 11:50 a.m. | Save Story
Valentino Garavani, the jet-set Italian designer whose high-glamour gowns were fashion show staples for nearly half a century, has died at home in Rome, his foundation announced Monday. He was 93.
How Utah lawmakers are trying to help the state's next generation build a life in the state
Caitlin Keith, Deseret News | Posted Jan. 19 - 9:58 a.m. | Save Story
It continues to be difficult and more expensive for people, especially young people, to purchase a home in Utah. So, what are Utah's leaders doing to change that?
This Utah lawmaker, mentored by Orrin Hatch, wants to help the next generation
Bridger Beal-Cvetko, KSL | Posted Jan. 18 - 7:11 p.m. | Save Story
Business leader and Utah state Rep. Jason Thompson launched Legacy Forward Foundation, a nonprofit to help schools implement leadership curriculum for students.
Idaho business may be 'the only place in the world where you can get French-fry lip balm'
Rett Nelson, EastIdahoNews.com | Posted Jan. 17 - 12:19 p.m. | Save Story
Kay Walker has been making soap, lotion and lip balm from Idaho potatoes since 2021, and his latest product may be the first of its kind.
Some drugmakers quietly concerned about legal risk with speedy FDA review program
Maggie Fick and Patrick Wingrove, Reuters | Updated Jan. 17 - 11:23 a.m. | Save Story
More than half a dozen major drugmakers are participating in the Trump administration's speedier review program for new medicines, yet other leading pharmaceutical companies are hesitating over what they see as potential legal risks, six industry sources told Reuters.
Saratoga Springs man says carrier's 'free phone' offer was costing him hundreds
Matt Gephardt, KSL | Posted Jan. 17 - 10:44 a.m. | Save Story
A carrier made a free phone offer to Mike De Mie of Saratoga Springs. But when the company demanded he pay hundreds of dollars, he decided to Get Gephardt.
Autism advocates celebrate release of 'magical' first-ever Barbie on the spectrum
Jacqueline Howard, CNN | Updated Jan. 17 - 9:28 a.m. | Save Story
Five-year-old Mikko's eyes lit up with glee when she noticed something familiar about her Barbie: The doll held a fidget spinner and wore oversized headphones, just like hers.
Inland Port sends $5M for public safety, wetlands improvements in Salt Lake City
Carter Williams, KSL | Posted Jan. 16 - 10:32 p.m. | Save Story
Utah Inland Port Authority officials agreed to direct $5 million toward a pair of key issues within Salt Lake City's west side.
Musk says unaware of Grok generating explicit images of minors
Reuters | Posted Jan. 16 - 7:04 a.m. | Save Story
Elon Musk said on Wednesday he was not aware of any "naked underage images" generated by xAI's Grok chatbot, as scrutiny of the AI tool intensifies worldwide.
Weekly jobless claims fall unexpectedly, but labor market treading water
Lucia Mutikani, Reuters | Updated Jan. 15 - 8:29 p.m. | Save Story
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, but the drop was likely due to ongoing challenges adjusting the data for seasonal fluctuations.
Australia social media ban hits 4.7 million teen accounts in first month
Reuters | Updated Jan. 15 - 11:20 a.m. | Save Story
Social media companies have collectively deactivated nearly five million accounts belonging to Australian teenagers just a month after a world-first ban on under‑16s took effect.
Commission delivers blow to request to rezone 80 acres of land near Great Salt Lake
Carter Williams, KSL | Posted Jan. 15 - 10:00 a.m. | Save Story
A plan to turn some of the last remaining agricultural land in northwest Salt Lake City into light industrial space failed to receive a key recommendation.
Verizon offers $20 credit to customers affected by massive wireless outage
David Shepardson, Reuters | Posted Jan. 15 - 9:37 a.m. | Save Story
Verizon Communications said on Thursday it is offering a $20 credit to hundreds of thousands of customers impacted by its 10-hour outage on Wednesday that the wireless company said was caused by a software issue.
Recalled Super Greens diet supplement powder sickens 45 with salmonella
Jonel Aleccia, Associated Press | Updated Jan. 14 - 10:02 p.m. | Save Story
At least 45 people in nearly two dozen states, including Utah, have been sickened with salmonella tied to the Super Greens brand of diet supplement powder, federal health officials said Wednesday.
Verizon resolves network outage issue that affected hundreds of thousands
David Shepardson and Harshita Mary Varghese, Reuters | Updated Jan. 14 - 9:13 p.m. | Save Story
Verizon Communications said late on Wednesday it had restored mobile phone service and planned to offer affected consumers credits for an outage that disrupted texts, calls and usage.
Beyond plastic: 3 tools turning Utah garages into professional micro-factories
Brooke Nally for KSL | Posted Jan. 14 - 6:28 p.m. | Save Story
From custom off-road parts for Moab-bound Jeeps to industrial-strength prototypes designed in Silicon Slopes, Utahns are trading "hobbyist" gear for professional-grade hardware.
Top Utah economist says Trump investigation of Fed chair could undermine 'entire economy'
Brigham Tomco, Deseret News | Posted Jan. 14 - 5:03 p.m. | Save Story
The top economist at Utah's largest bank began his economic outlook report to state policymakers on Monday with a warning.
Utah lawmakers look to pass new tax on tech companies
Brigham Tomco, Deseret News | Posted Jan. 14 - 2:52 p.m. | Save Story
Utah Gov. Spencer Cox confirmed on Tuesday his interest in levying a tax against social media companies as part of his campaign to take on Big Tech in the name of safeguarding children.
Largest nurses strike in NYC history continues to impact major hospitals
Jenna DeAngelis, CNN | Posted Jan. 14 - 1:05 p.m. | Save Story
Click here for updates on this story
Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse
Dietrich Knauth and Chandni Shah, Reuters | Updated Jan. 14 - 11:30 a.m. | Save Story
High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic.
Climbing USA seeks at least $250K more after hitting snag in preserving historic Utah building
Carter Williams, KSL | Posted Jan. 14 - 8:05 a.m. | Save Story
Salt Lake City is leaning toward a plan to rebuild a 119-year-old building within the Rio Grande District after initially seeking to preserve it as part of Climbing USA's planned new headquarters.
Scott Adams, whose comic strip 'Dilbert' ridiculed white-collar office life, dies at 68
Mark Kennedy, Associated Press | Posted Jan. 13 - 4:33 p.m. | Save Story
Scott Adams, whose popular comic strip "Dilbert" captured the frustration of beleaguered, white-collar cubicle workers and satirized the ridiculousness of modern office culture, has died. He was 68.
Railway, resource expansion bound for Uintah County projected to inject $87M in local economy
Logan Stefanich, KSL | Posted Jan. 13 - 1:30 p.m. | Save Story
Railroad and natural resource expansion look imminent for Utah, as the state last week awarded Integrated Rail and Resources with a post-performance tax credit reduction.
Nurses strike enters second day at major New York City hospitals
The Associated Press | Posted Jan. 13 - 9:48 a.m. | Save Story
Thousands of New York City nurses returned to the picket lines Tuesday as their strike targeting some of the city's leading hospital systems entered its second day.
US consumer prices increase as expected in December
Lucia Mutikani, Reuters | Updated Jan. 13 - 8:20 a.m. | Save Story
U.S. consumer prices increased in December as the distortions related to the government shutdown that had artificially lowered inflation in November unwound.
Autism advocates celebrate release of 'magical' first-ever Barbie on the spectrum
Jacqueline Howard, CNN | Updated Jan. 12 - 7:59 p.m. | Save Story
Mattel, Inc. launched the first Barbie doll with autism on Monday.
Trump administration probe of Fed's Powell draws pushback
Howard Schneider and Ann Saphir, Reuters | Updated Jan. 12 - 4:30 p.m. | Save Story
The Trump administration's opening of a criminal probe of Fed Chair Jerome Powell drew fire from the Fed chief, who called the move a "pretext" to win influence over interest rates.
Don't like ski boots that hurt? Neither does Bob Shay
Lee Benson, Deseret News | Posted Jan. 12 - 11:55 a.m. | Save Story
At 68, Bob Shay's as addicted to skiing as he ever was, and better yet, it's part of his job description to pay regular visits to many of the world's most iconic ski mountains.
Thousands of nurses go on strike at several major New York City hospitals
Associated Press | Posted Jan. 12 - 11:33 a.m. | Save Story
Thousands of nurses in three hospital systems in New York City went on strike Monday after negotiations through the weekend failed to yield breakthroughs in their contract disputes.
UK investigates Musk's X over Grok deepfake concerns
Sam Tabahriti and Paul Sandle, Reuters | Posted Jan. 12 - 9:06 a.m. | Save Story
Britain's media regulator launched an investigation into Elon Musk's X on Monday to determine whether sexually intimate deepfakes produced by its Grok AI chatbot violated its duty to protect people in the UK from content that could be illegal.
Fed's Powell says administration threatened him with criminal indictment over Senate testimony
Howard Schneider and Ann Saphir, Reuters | Updated Jan. 11 - 9:04 p.m. | Save Story
Federal Reserve Chair Jerome Powell said on Sunday the Trump administration had threatened him with a criminal indictment and served grand jury subpoenas over congressional testimony he gave last summer.
Holiday spending set records despite consumer pessimism
Art Raymond, Deseret News | Posted Jan. 11 - 8:34 p.m. | Save Story
In the face of an economy beset by persistent inflation and skyrocketing housing costs, a majority of Americans told pollsters that fiscal concerns would lead to tighter spending budgets at the start of the 2025 winter holiday shopping season.
Concerns rise over possible damage to graves during Salt Lake City Cemetery roadwork
Garna Mejia, KSL | Posted Jan. 11 - 6:30 p.m. | Save Story
A $14.5 million roadway improvement project at the Salt Lake City Cemetery is prompting concern from residents who fear construction equipment may be damaging historic gravesites and burial grounds.
Google teams up with Walmart and other retailers to enable shopping within Gemini AI chatbot
Anne D'innocenzio, Associated Press | Updated Jan. 11 - 2:00 p.m. | Save Story
Google said Sunday that it is expanding the shopping features in its AI chatbot by teaming up with Walmart, Shopify, Wayfair and other big retailers to turn the Gemini app into a virtual merchant as well as an assistant.
Sluggish hiring closes out a frustrating year for job seekers though unemployment slips to 4.4%
Christopher Rugaber, Associated Press | Posted Jan. 11 - 10:27 a.m. | Save Story
Sluggish hiring last month closed out a year of weak employment gains that have frustrated job seekers even as layoffs and unemployment have also been low.
FCC approves SpaceX plan to deploy an additional 7,500 Starlink satellites
David Shepardson, Reuters | Updated Jan. 10 - 9:43 p.m. | Save Story
The FCC said on Friday it has approved SpaceX's request to deploy another 7,500 second-generation Starlink satellites as it works to boost internet service worldwide.
How BYU phenom AJ Dybantsa fits into the church's long love affair with basketball
Lee Benson, Deseret News | Posted Jan. 10 - 7:05 p.m. | Save Story
His story is well known even among people who don't watch "SportsCenter." Because it isn't every day the top recruit in the country chooses BYU over basketball elites like North Carolina and Kansas.
Trump moves to block courts from seizing Venezuelan oil revenue in US accounts
Ernest Scheyder, Reuters | Posted Jan. 10 - 4:37 p.m. | Save Story
President Donald Trump signed an executive order aimed at blocking courts or creditors from impounding revenue tied to the sale of Venezuelan oil held in Treasury accounts, the White House said on Saturday.
Housing-linked stocks rally on Trump's $200 billion mortgage bond-buy order
Manya Saini, Reuters | Updated Jan. 10 - 9:32 a.m. | Save Story
U.S. mortgage lenders and housing stocks rose on Friday, a day after President Donald Trump said he is ordering his representatives to buy $200 billion in mortgage bonds to bring down housing costs.
Jewelry maker Pandora hit by weak US holiday shopping
Anna Ringstrom and Helen Reid, Reuters | Updated Jan. 10 - 8:24 a.m. | Save Story
Pandora warned of weaker 2025 sales growth on Friday, sending the Danish jewelry brand's shares down 10%, after U.S. shoppers bought fewer charm bracelets and necklaces than expected in the key holiday season.
Beloved Island Park restaurant reopens under new management
Lisa Lete, EastIdahoNews.com | Posted Jan. 10 - 7:49 a.m. | Save Story
A favorite Island Park gathering place is back in business. After a five-year hiatus, Boondocks has officially reopened, much to the delight of locals who long considered it their spot.
Here's what was announced at CES 2026
Emma Neff, Deseret News | Posted Jan. 9 - 10:21 p.m. | Save Story
A robot that does the laundry. A lollipop that plays music as it's eaten. A robotic dog designed to act as a companion for people who can't have a real pet. Here's what else made the stage at this year's CES.
Utah firm Spero focused on helping Tongans find work at home, curtailing migration
Tim Vandenack, KSL | Posted Jan. 9 - 12:06 p.m. | Save Story
Spero, a new Pleasant Grove-based firm, is focused on helping Tongans find work at home, curtailing the need to migrate from the Polynesian nation.
'This is Her Place, too': Study measures Utahns' perceptions of women's workplace challenges
Logan Stefanich, KSL | Posted Jan. 9 - 7:08 a.m. | Save Story
From a troubling gender pay gap to harassment and discrimination, a new Utah Women and Leadership report outlines some of the workplace-related challenges Utah women face.
