Business and Economic News

Smithfield Foods settles pork price-fixing lawsuit for $42M
Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices, which will likely only add to concerns about how the lack of competition in the industry affects meat prices.
Monthly car payments have crossed a record $700. What that means
The average cost of a new car is also at the highest on record, topping $47,000 a pop. At this rate, an essential household purchase is starting to feel like a luxury in America.
The 'People's Station' KMOJ pushes forward
Like the Civil Rights Movement that inspired the push for Black representation in media, radio station KMOJ’s 46-year history is sprawling, joyous, messy and under-appreciated. But mostly it’s against the odds.
What's open and closed on July 4th
Nonessential government offices and buildings, the post office and banks will be closed Monday, but most major retailers will stay open.