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- Coal plants step up as historic winter storm pushes US power grid to the brink
A deadly and historic winter storm that has impacted a 2,300-mile swath of the country with snow, ice and power outages has prompted moves to ramp up power production from coal, while putting it and other fossil fuels in the spotlight as reliable energy sources amid the fierce weather.Winter Storm Fern caused life-threatening power outages across many parts of the South, while the Northeast was hit with heavy snow. Other areas have faced ice and freezing temperatures.The inclement weather caused over 800,000 power outages in the South as ice accumulations from freezing rain toppled trees and knocked out power lines. As of Monday afternoon, power outage tracking website PowerOutage.us showed over 229,000 outages in Tennessee, more than 152,000 in Mississippi, nearly 114,000 in Louisiana and over 45,000 in Texas – while Kentucky, South Carolina, Georgia and Virginia all had between 15,000 and 36,000 outages.Energy Secretary Chris Wright issued emergency orders to allow… ...[TheTopNews] Read More.25 mins ago - LARRY KUDLOW: Trumponomics and the Fed, one of the two Kevins will do just fineAs President Trump returned from Davos, I want to emphasize first that he is standing on top of the world, in terms of American achievements and influence. And second, new numbers coming out today showing the U.S. business investment boom continues to intensify.In particular, the key category non-defense capital goods, excluding volatile aircraft, which is really the core measure of business investment, is now up 9.9% at an annual rate for shipments over the past three months. Nearly double the twelve-month rate.And new orders are up 8.5% over the past three months, compared to 5.5% over the past year. These investments cover machinery, equipment, computers, and electronics, among others.I’m certain that this surge in what's called capex is related to the 100% full cost immediate expensing embodied in the one, big, beautiful bill, that was made retroactive to Mr. Trump’s inauguration back on January 20 of last year. It’s another… ...[TheTopNews] Read More.51 mins ago
- Nike plans to cut hundreds of jobs amid automation pushNike is planning to cut nearly 800 jobs amid an automation push at the footwear and apparel giant's distribution centers.The company is cutting 775 jobs that will primarily impact jobs at the retailer's distribution centers in Tennessee and Mississippi as the company looks to automate more of its supply chain. The news was first reported by CNBC, citing people familiar with the matter."To power our Win Now actions, we're taking steps to strengthen and streamline our operations so we can move faster, operate with greater discipline, and better serve athletes and consumers," a Nike spokesperson told FOX Business."We are sharpening our supply chain footprint, accelerating the use of advanced technology and automation, and investing in the skills our teams need for the future. Our actions to consolidate our operations primarily impact our U.S. distribution operations," the company said.NIKE ANNOUNCES CAITLIN CLARK AS ITS NEWEST SIGNATURE ATHLETE"These actions are designed to reduce complexity,… ...[TheTopNews] Read More.51 mins ago
- Hosting a Super Bowl party? Expect a higher food bill this yearThe cost of throwing a Super Bowl party is likely to be more expensive this year.The cost to feed 10 people for the big game will cost about $140, up from last year’s $138, a 1.6% increase, according to Wells Fargo’s Super Bowl report led by chief agricultural economist Michael Swanson, Wells Fargo Agri-Food Institute head Robin Wenzel and Agri-Food Institute sector manager Courtney Schmidt. Wells Fargo cited data from Circana and the USDA for its report.Despite the uptick, Wells Fargo economists noted that relative to the latest government data on grocery prices, which indicated that costs rose 2.4% in December, it is still a good value.BEEF PRICES SOAR AS AMERICAN FAMILIES PAY STEEP PRICES FOR STEAKS AND BURGERS NATIONWIDEWhile prices are still rising, Wells Fargo said that the average hourly wages have also increased, rising 3.8% to $31.99. Fresh wingsRetail prices for fresh wings are down 2.8% year over year… ...[TheTopNews] Read More.1 hour ago
- Southwest Airlines officially ends longstanding open-seating model, begins plus-size pricing changeSouthwest Airlines is officially ending two signature policies that have long set the carrier apart from its competitors. Starting Tuesday, the controversial policies announced last year will raise ticket prices for plus-size passengers and also end the airline’s decades-old open-seating arrangement. Southwest first announced in July 2025 that it would end its open-seating policy, partly to boost revenue and in response to what it described as passengers’ growing preference for purchasing premium seating options."Our Customers want more choice and greater control over their travel experience," Southwest executive Tony Roach said in 2025. "Assigned seating unlocks new opportunities for our Customers — including the ability to select Extra Legroom seats — and removes the uncertainty of not knowing where they will sit in the cabin."SOUTHWEST AIRLINES DITCHES DECADES-OLD OPEN SEATING AFTER YEARS OF HOLDING OUTSeat options now include Standard, Preferred and Extra Legroom. The airline is also shifting from the A/B/C groups with… ...[TheTopNews] Read More.2 hours ago
- San Francisco’s largest mall abruptly closes for good, sooner than expectedSan Francisco’s beleaguered Westfield San Francisco Centre shopping mall closed its doors earlier than expected. The city's largest mall, which saw a string of retailers leave in recent months, closed on Saturday, two days ahead of schedule, according to the San Francisco Chronicle. A sign reading "closed until further notice" was posted at the front entrance of the once-bustling shopping center, the outlet reported.An employee at the mall’s last remaining tenant, shoe store Ecco, told the outlet that the store and mall had permanently shuttered earlier than expected. DOLLAR GENERAL ANNOUNCES 450 NEW US STORES OPENING IN 2026 AS PART OF ONGOING EXPANSIONTenants, including its anchor stores, had been packing up and leaving the mall in recent years with a surge of brands leaving in the past few months. In early December, Shake Shack confirmed it was closing up its shop inside the mall as new owners take over.A Nov. 25 filing with state… ...[TheTopNews] Read More.2 hours ago
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