The optimism of late summer has quickly faded in the financial markets as investors are getting the sense that the Fed isn’t inclined to stop beating up on the economy any time soon. Inflation remains way too high, and the Fed is determined to bring it down using the sledgehammer of higher interest rates. The rapid increase in rates has […]

By Sarah Mulholland, The Associated Press DENVER — It’s about 9:30 on a Thursday morning, and the buzz at Tea with Tae on Denver’s 16th Street Mall is comfortingly familiar. The espresso machine is going, soothing music is piping through the speakers, and there’s a clutch of people catching up on office chit-chat while they wait for their drinks. This […]

Residents in Platt Park, including a city councilman, say an event center along South Broadway is using a liquor licensing loophole to host loud concerts that end in gunfire and litter. The building’s owners and operators say those complaints are overblown. 1912 S. Broadway was once a theater and then Thrillseekers Climbing Gym, which opened in 1992 and closed in 2018 when […]

(Reuters) -FedEx Corp on Thursday withdrew the financial forecast it issued just three months ago, saying a global demand slowdown accelerated at the end of August and was on pace to worsen in the November quarter.FedEx workers sort packages in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew KellyShares in the global delivery firm tumbled more than 16% after […]

(Reuters) -FedEx Corp said on Thursday its fiscal first-quarter results were hit by global volume softness that accelerated at the end of the period, and withdrew its financial forecast as it expects business conditions to worsen in the second quarter.FedEx workers sort packages in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew KellyFirst-quarter revenue and profit missed Wall Street […]

FILE PHOTO: A salesperson talks to potential customers at the columbarium section of Nirvana Memorial Park in Shah Alam outside Kuala Lumpur on September 5, 2010. REUTERS/Bazuki Muhammad/File PhotoSINGAPORE/HONG KONG (Reuters) -Private equity firm CVC Capital Partners is selling Malaysian funeral services provider Nirvana Asia Ltd in a deal that could fetch up to $2 billion, three people with knowledge […]

A pop-up grocery store that’s hit Chicago, Miami and Los Angeles is planning to set up shop in Denver this month. Pop Up Grocer, which dubs itself “the world’s first pop-up grocery store,” will open Sept. 30 at 2649 Walnut St. for one month. The Mile High City will be its ninth location since the concept first launched in 2019. […]

BEIJING (Reuters) – China’s consumer prices rose at a slower-than-expected pace in August while the rate of producer inflation hit an 18-month low, reflecting an economy plagued by weak domestic demand and leaving room for further central bank policy easing.FILE PHOTO: People walk along Nanjing Pedestrian Road, a main shopping area, in Shanghai, China May 5, 2021. REUTERS/Aly Song/File PhotoThe […]

Movie theater operator Cineworld Group LLC has filed for Chapter 11 bankruptcy protection in the U.S. as it deals with billions of dollars in debt and lower-than-expected attendance at screenings. “The pandemic was an incredibly difficult time for our business, with the enforced closure of cinemas and a huge disruption to film schedules that has led us to this point,” […]

CAPE CANAVERAL, Fla. — NASA aimed for a Saturday launch of its new moon rocket, after fixing fuel leaks and working around a bad engine sensor that foiled the first try. The inaugural flight of the 322-foot (98-meter) rocket — the most powerful ever built by NASA — was delayed late in the countdown Monday. The Kennedy Space Center clocks […]