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Business and Economic News

Fleet of UPS planes grounded after deadly crash expected to miss peak delivery season

Fleet of UPS planes grounded after deadly crash expected to miss peak delivery season

UPS Airlines says a fleet of planes grounded after a deadly crash is expected to miss the peak holiday season due to inspections and possible repairs. An internal memo said Wednesday the airline predicts it will be several months before its McDonnell Douglas MD-11 fleet returns to service as it works to meet Federal Aviation Administration guidelines.
by The Associated Press

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What a federal ban on THC-infused drinks and snacks could mean for the hemp industry

What a federal ban on THC-infused drinks and snacks could mean for the hemp industry

THC-infused drinks and snacks have soared in popularity as alcohol sales have declined in recent years. But the bill that ended the federal government shutdown this month includes a provision to ban THC products derived from hemp. The $24 billion industry is now scrambling to save itself before the ban takes effect a year from now. 
by The Associated Press

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Best Buy ups sales outlook heading into holiday shopping season

Best Buy ups sales outlook heading into holiday shopping season

Best Buy is raising its profit and sales expectations ahead of the holiday shopping season after a strong third quarter. Comparable-store sales at the nation’s largest consumer electronics chain rose 2.7 percent, fueled by computing, gaming and mobile phones. 
by The Associated Press

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