Foot Locker is closing 400 stores by 2026
By Parija Kavilanz, CNN Foot Locker is planning to shut 400 stores by 2026 as it strives to become more relevant to younger shoppers by relaunching…
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Colorado ranked 6th-highest state for increased credit card usage in light of inflation
COLORADO, USA (KRDO) – A new report that looks at the recent impact of inflation on credit card reliance in the U.S. reveals out of all states,…
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Forge Evolution to fundraise $2.5 million for community hub center for teens, at-risk youth
COLORADO SPRINGS, Colo. (KRDO) – Forge Evolution, formerly known as Colorado Springs Teen Court, is hosting a Luncheon benefit to raise $2.5…
Continue ReadingRupert Murdoch is engaged to marry Ann Lesley Smith
By Toyin Owoseje, CNN Business Billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time. The 92-year-old tycoon…
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Gas prices continue to drop in Colorado Springs, down 14 cents in a week
COLORADO SPRINGS, Colo. (KRDO) – Gas prices around Colorado Springs continue to drop. According to GasBuddy, the average cost of fuel in the city…
Continue ReadingWhat are AT1 bonds and why are Credit Suisse’s now worthless?
By Anna Cooban, CNN Investors in a riskier type of Credit Suisse’s bonds had the value of their holdings slashed to zero Sunday after Swiss…
Continue ReadingGoodbye, Howard Schultz: New Starbucks CEO steps in early
By Danielle Wiener-Bronner, CNN Starbucks’ new CEO Laxman Narasimhan has taken over the reins from interim CEO Howard Schultz, about two weeks…
Continue ReadingSilicon Valley Bank left a void that won’t easily be filled
By Nicole Goodkind, CNN It’s difficult to overstate the influence that Silicon Valley Bank had over the startup world and the ripple effect its…
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State launches text message campaign to provide free tax support and tax credit
COLORADO (KRDO) — The Colorado Department of Public Health and Environment (CDPHE) launched a campaign to raise awareness of available tax credits…
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YMCA of Pueblo launches its 2023 Annual Community Support Campaign
PUEBLO, Colo. (KRDO) — The YMCA of Pueblo is launching its Annual Community Support Campaign to raise funds to provide scholarships and financial…
Continue ReadingIndia cuts internet to 27 million as Punjab police hunt Sikh separatist
By Rhea Mogul, CNN Indian authorities have blocked internet access for about 27 million people in the state of Punjab for a fourth straight day…
Continue ReadingEuropean markets recover on a wild day for bank stocks
By Michelle Toh and Olesya Dmitracova, CNN European markets ticked up Monday but bank stocks were mixed and volatile as investors assessed the…
Continue ReadingFDIC sells most of failed Signature Bank to Flagstar
By David Goldman, CNN A week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar…
Continue ReadingThis country wanted a 69-hour workweek. Millennials and Generation Z had other ideas
By Heather Chen, Yoonjung Seo and Andrew Raine, CNN Shorter workweeks to boost employee mental health and productivity may be catching on in some…
Continue ReadingFed and other central banks try to head off crisis by keeping dollars flowing
By Mark Thompson, CNN The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of…
Continue ReadingUBS is buying Credit Suisse in bid to halt banking crisis
By Mark Thompson, CNN Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at…
Continue ReadingPeople shouldn’t panic after the recent bank collapses, experts say. Here’s the smart thing to do
By Ramishah Maruf, CNN In the wake of failures at Silicon Valley Bank and Signature Bank and separate issues at Credit Suisse and First Republic,…
Continue ReadingBanks had a meltdown. What comes next?
By Nicole Goodkind and Krystal Hur, CNN Global banks just suffered their worst week since 2008. So what comes next? The fallout from this…
Continue ReadingPrice hikes are double whammy for pet owners who are crushed by inflation
By Alicia Wallace, CNN As head of PAWS Atlanta, Joe Labriola can get a good sense of the region’s economic well-being from the day-to-day…
Continue ReadingThe fate of Credit Suisse could be decided in the next 24 hours
By Mark Thompson, CNN The fate of Credit Suisse could be decided in the next 24 hours after a torrid week for Switzerland’s second biggest…
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