Alaska Airlines flight attendants recently made headlines by rejecting a new labor deal that would have brought immediate raises averaging more than 24%. The union representing the flight attendants stated that despite a tentative agreement reached in June, there is still more work to be done. The rejection of the deal has set the stage
Business
The Federal Reserve’s potential interest rate cut has caused a waiting game among homeowners in the housing market, affecting major projects that require financing. The Chief Financial Officer of Home Depot, Richard McPhail, mentioned that many homeowners are postponing moving into new houses or starting projects due to the anticipation of lower interest rates in
Brian Niccol’s appointment as Starbucks’ new chief executive and chair has garnered significant attention from Wall Street investors and analysts. It is widely believed that Niccol’s extensive experience in the restaurant industry makes him the right choice to lead Starbucks into a new era, beyond the long-standing influence of former CEO Howard Schultz. As Starbucks
The recent news of Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, filing for Chapter 11 bankruptcy protection has sent shockwaves through the fitness industry. With over 100 centers in the U.S., Blink Fitness is now facing the same fate as other well-known gym chains such as New York Sports
General Motors recently unveiled the redesigned version of its popular entry-level GMC Terrain crossover, introducing a new standard “Elevation” model. This compact crossover boasts a more rugged exterior design and an updated interior equipped with 26 inches of screens. The new GMC Terrain features a striking exterior design that exudes ruggedness. The interior is revamped
In an era dominated by streaming services, traditional pay TV providers like DirecTV are facing the challenge of adapting to the changing preferences of consumers. The company, best known for its satellite dish service, is now shifting its focus towards streaming as a way to attract new customers and retain existing ones. Despite offering a
In the current landscape of the restaurant industry, CEOs have become fixated on the concept of “value” as a means to explain the decline in sales and traffic within their establishments. The word “value” has been repeatedly emphasized in various quarterly conference calls by major players in the industry, such as McDonald’s, Yum Brands, and
Paramount Global recently made headlines with the news of a significant 15% reduction in its U.S. workforce, equating to approximately 2,000 jobs being cut. This move is part of a broader cost-cutting strategy aimed at preparing the company for its impending merger with Skydance Media. Paramount has outlined a plan to achieve $500 million in
Warner Bros. Discovery Chief Executive Officer David Zaslav finds himself in a precarious situation as he battles to regain investor confidence in the wake of the 2022 merger between Discovery and WarnerMedia. Despite significant cost-cutting measures and restructuring, Warner Bros. Discovery shares have plummeted by 70% since the merger closed, leaving shareholders skeptical about the
Stellantis, the automaker behind the Ram 1500 pickup truck, is planning to indefinitely lay off up to 2,450 factory workers in the U.S. The decision comes as the company discontinues production of the older version of the Ram 1500, known as the “Classic” model. This move is expected to have significant implications for both the