Comment on Fed's goal: Avoid another market 'taper tantrum'

Southwest Airlines is hitting the pause button on some of its hirings, internships and employee events this year as the company looks to lower costs. “We are limiting discretionary costs, including holding on the Southwest Rallies for this year, as we focus on reducing costs,” the company said in a prepared statement on Tuesday.

A new business is planned to open in March in downtown La Grange just in time to cool people off in advance of summer. The newcomer to La Grange, La Michoacana Azteca, is a Mexican-style ice cream shop at which all products will be fresh and made with real fruit, officials from the business said.

HONG KONG — As the threat of a TikTok ban looms, U. S. TikTok users are flocking to the Chinese social media app Xiaohongshu – making it the top downloaded app in the U. S. Some of the “TikTok refugees,” as they call themselves, say the TikTok alternative, a Chinese app, is being chosen in protest of the TikTok ban. The U.

WASHINGTON — Government inspectors documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down last year after a deadly outbreak of listeria poisoning, federal records show. Newly released reports from Boar’s Head plants in New Castle, Indiana; Forrest City, Arkansas; and Petersburg, Virginia, described multiple instances of meat and fat residue left on equipment and walls, dripping condensation falling on food, mold, insects and other problems dating back roughly six years.

The advertisement from Capital One had many of the same promises that other banks offer for high-yield savings accounts: There were no fees, no minimum deposits and the money would earn much more in interest than in traditional bank accounts. “What’s the catch? There is none,” the bank boasted. But, according to a lawsuit filed against Capital One on Tuesday by the Consumer Financial Protection Bureau, there was one, and it cost depositors more than $2 billion. For years, Capital One held interests artificially low in the high-yield product, to 0.30% annually last summer, for instance, even as the Federal Reserve raised rates above 5%. Banks are generally permitted to pay as little in interest as their customers will permit, but Capital One went too far, according to the lawsuit, by deliberately confusing its customers about its products.

An effort in La Grange Park to transform the 31st Street corridor into a restaurant destination received a boost Sunday when Happier Now Cafe and Market marked its first anniversary at its 1016 E. 31st Street location. About 60 people, including village officials, packed into the small cafe to celebrate. “I grew up here,” Andrea Slivka, chef and proprietor said as the celebration got underway.