Denver Post Business

By DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers Stocks on Wall Street lost ground again Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the U.S. war with Iran. The S&P 500 index fell 0.5%. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite gave up 0.6%. The indexes are each on track for a weekly loss. The losses were broad, with retailers among the companies that pulled the market lower. Amazon fell 1.8%, Starbucks

By WYATTE GRANTHAM-PHILIPS and CATHY BUSSEWITZ, AP Business Writers NEW YORK (AP) — Oil prices shot past $100 a barrel Wednesday as fighting between the U.S. and Iran escalated, threatening to increase costs for consumers and businesses worldwide. Brent crude, the international standard, climbed into triple digits after attacks on oil facilities and ships in the Middle East that could further debilitate an already weakened supply chain — and continued to hover just above the $100 threshold as of

Liberty Media raced into first in 2025. In his first year on the job, Derek Chang, the CEO of Formula 1’s parent company, was Colorado’s highest compensated executive among publicly traded companies in 2025, according to filings with the Securities and Exchange Commission. He succeeded Greg Maffei, whose $24 million ranked second on BusinessDen’s 2024 list. The vast majority of Chang’s nearly $40 million package came from stock awards, some of which were tied to him becoming CEO at the beginning

Efforts to revive the country’s domestic lumber industry may come too late to save Montrose Forest Products, the state’s largest lumber mill. Owner Neiman Enterprises informed the mill’s 90 employees on Tuesday that operations would wind down once its remaining timber supply runs out in the next few weeks. “For months, we searched for a buyer who could continue operating the mill in Montrose, but we were unable to secure one,” Jim Neiman, president of Neiman Enterprises,

Charlie Hogan is renting apartments in 2026 at 2016 prices. The CEO of Denver’s Cornerstone Apartments is renting units in Capitol Hill, Uptown and Five Points for as low as $675 per month. He has 40 units under $900, and that’s before concessions. “I lived in the Jack Kerouac (1240 Sherman St.) in 2005. One bed was $500 to $550 and now we have studios at $675 down the street. That’s 10 years ago rents,” Hogan said. On Tuesday, Hogan showed BusinessDen his cheapest available: Unit 3 at the Adel

Frontier Airlines flight attendants from around the country are preparing to take their contract fight to company headquarters in Denver. Related Articles A man killed himself by walking in front of a Frontier flight at DIA. How common are these security breaches at Denver’s airport? Ground stop lifted, more than 100 flights canceled at Denver International Airport as thunderstorms hit the Front Range Frontier Airlines d

It’s no secret that investing in a ski pass can feel like highway robbery. But one of the season’s best deals just went on sale and it likely won’t last long. On Monday, the Indy Pass opened up sales to the general public, offering the promise of skiing access at more than 300 resorts worldwide for $419. By comparison, the Epic Pass currently goes for $829 to $1,119 and the Ikon Pass costs $1,019 to $1,449 depending on where you want to ski and if you want to avoid blackout dates. The Indy Pass

It’s become something of a running joke between two business partners who started in residential real estate and now operate food and fitness businesses. Every time their landlord puts a new lease offer in front of them, one of them says the same thing: we should buy the building. “We haven’t yet,” said Stacie Staub, 51. “But I wish we owned it.” On a stretch of Youngfield Street in a Lakewood strip mall, Staub and Madie Linder have built a collection of businesses: a real estate brokerage, a mo

A longtime Colorado dairy executive is putting his Beaver Creek home on the market for $14.97 million. The 7,000-square-foot single-family residence at 10 Borders Road has long been owned by Marc Peperzak, founder of Aurora Dairy Corporation. Completed in 2014 by local architect and builder Scott Turnipseed, the four-bedroom home sits on nearly 1.5 acres and borders more than an acre of protected Beaver Creek open space. Exterior image of 10 Borders Road in Beaver Creek, Colorado. (Photo court

Colorado homeowners feel the weight of their to-do lists more than most of the country, according to Hippo Insurance’s 2026 Homeowner Anxiety Report, which found that home-related stress runs notably higher in Colorado and the broader Mountain Region than the national average. This stress is often fueled by local challenges like hailstorms, which can damage roofs and siding, and freeze-thaw cycles that can crack driveways and cause leaking basements. The report shows that 69% of homeowners — bot

Xcel Energy’s natural gas customers will pay more this fall after the Colorado Public Utilities Commission approved a settlement on Friday that will raise the average residential bill by 8.6%, or $5.16 a month. The settlement will also raise small-business bills by an average of 9.2%, or $22.76 a month. The new rates are effective Oct. 6. A final written decision is expected to be issued around Oct. 1. Once issued, any party to the rate case has 20 days to file an appeal with the commission. Xce

By BERNARD CONDON, AP Business Writer NEW YORK (AP) — Federal regulators are opening an investigation into whether Tesla’s new steering-wheel-free taxis comply with safety rules, a day after the company began offering rides in the vehicles. The National Highway Traffic Safety Administration said it was looking into whether Tesla was in full compliance with federal rules when it deployed so-called Cybercabs in Austin, Texas, given that the two-seat cars lack the steering wheels, mirrors and brake

By WYATTE GRANTHAM-PHILIPS CHICAGO (AP) — Diesel hit a record price in the U.S. on Friday, soaring to an average of $5.85 a gallon for the first time as the six-month war with Iran disrupts the world’s flow of fuel. Because diesel is used for many freight and delivery networks, higher diesel prices mean higher transportation costs for a long list of everyday goods. Some businesses have already passed on costs to consumers in the form of added fees on online orders and packages in the mail. And s

InBank, a Denver-based bank with 13 branches in Colorado and New Mexico, is being acquired. First National of Nebraska, parent company of FNBO, will acquire InBank parent company InBankshares in a deal expected to close by the end of the year, the companies announced Tuesday. InBank shareholders are expected to receive $16.41 to $16.74 per share, or $200 million to $204 million total, although the final figures are dependent on several variables. FNBO, which stands for First National Bank of Oma

Stress cracks are forming in the upper corners of Denver’s housing market as elevated mortgage rates weaken buyer demand, causing sales to slip in a big way last month. Metro Denver home sales fell by nearly a fifth between July and August, according to a monthly update from the Denver Metro Association of Realtors (DMAR). “The general economic uncertainty continues to weigh heavily on real estate,” Amanda Snitker, chairwoman of the DMAR Market Trends Committee and a local Realtor, said in

Scott Morris has come to town to make it rain. “The Colorado River is a really important river in the U.S. … It’s very important to a number of states, and it’s suffering right now,” he said. Morris, chief technical officer for Rain Enhancement Technologies, told BusinessDen his company has leased a 4,050-square-foot warehouse space in Brighton. Rain’s technology seeds clouds using electricity, not chemicals, to increase rainfall and snowpack. Its devices are currently operational in Weld Count

The moving ticker atop the former Denver Post building, which once flashed breaking news, could soon stream snow totals and reports on ski conditions. Alterra Mountain Co., operator of the Ikon Pass, has signed a 12-year lease for 65,000 square feet of space in the high-profile corner building at 101 W. Colfax Ave. The agreement, made public Thursday, ends weeks of speculation about whether the ski giant would leave Colorado and where it might relocate within Denver if it stayed. The company pla