Business

The recent crash involving Jeju Air’s Boeing 737-800 has triggered significant turmoil within the aviation industry, particularly impacting Boeing’s stock values and prompting robust safety measures in South Korea. With the loss of 179 lives in a tragic incident that occurred as the aircraft approached Muan International Airport, the ramifications extend beyond immediate losses; they
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The restaurant industry in the U.S. faced a tumultuous landscape in 2024, characterized by an alarming wave of closures across various prominent chains. This year’s hardships underscore the pressures on the food service sector as inflation impacts consumer behavior, leading many diners to prioritize value and affordability over indulgence in casual dining experiences. In a
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In a tragic event that has shocked South Korea and the global aviation community, a Jeju Air flight encountered a catastrophic failure while attempting to land at Muan International Airport. The aircraft, carrying 181 passengers and crew, performed a belly landing, with its landing gear failure resulting in a devastating fire. This incident has become
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On Monday, Nordstrom announced a significant transformation as it prepares to become a private entity, following a substantial buyout deal valued at approximately $6.25 billion. This agreement, which involves Nordstrom’s founding family and the Mexican retail conglomerate El Puerto de Liverpool, marks a pivotal moment in the company’s long history. The board of directors has
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The holiday season of 2023 marked a remarkable shift in sports broadcasting, primarily due to Netflix’s entry into the live sports arena. On Christmas Day, the streaming giant secured exclusive rights to air two NFL games, resulting in viewership numbers that shattered previous records. According to Nielsen, approximately 65 million viewers across the United States
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The recent lawsuit filed by the Consumer Financial Protection Bureau (CFPB) against retail giant Walmart and work-scheduling platform Branch Messenger highlights the precarious financial landscape faced by gig economy workers, particularly delivery drivers. Managing financial arrangements unfairly can severely impact workers’ earnings and wellbeing. The CFPB’s allegations suggest unethical practices in regard to accessing wages,
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As the prospect of new tariffs on Canadian imports looms under the incoming administration, the Canadian automotive industry finds itself at a precarious crossroads. The proposed 25% tariffs on automobiles and automotive parts, as outlined by President-elect Donald Trump, do not merely represent a trade policy shift; they signify a potential existential crisis for the
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On a busy Tuesday morning, American Airlines faced an unexpected setback as technical difficulties prompted the temporary grounding of all U.S. flights. This incident occurred during a crucial travel period when airlines anticipate heightened passenger demand due to the approaching holiday season. By approximately 7:55 a.m. ET, American Airlines successfully resolved the issue, resulting in
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