The recent approval of a five-year labor agreement by American Airlines flight attendants signifies a pivotal moment not only for the airline but also for the aviation industry as a whole. With a striking 87% of voters endorsing this contract, the cabin crews are set to receive pay increases of up to 20.5%, effective from
Business
In the competitive landscape of the fast-food industry, McDonald’s is making significant strategic adjustments to retain and attract customers, particularly among lower-income demographics. Recently, the company announced that its $5 value meal will remain available into December across most U.S. markets. This decision reflects a deliberate response to changes in consumer behavior and economic conditions,
After the remarkable success of the 2024 Olympics in Paris, the spotlight is now on Los Angeles as the city gears up to host the Summer Games in 2028. With high expectations set by the previous event, key stakeholders are confident that Los Angeles will rise to the occasion. Los Angeles Mayor Karen Bass expressed
Southwest Airlines recently made headlines with the announcement that executive chairman and former CEO Gary Kelly will be retiring next year. This move comes in the midst of pressure for changes from activist investor Elliott Investment Management. Kelly, who has been part of the Southwest team for nearly four decades, played a pivotal role in
The recent bankruptcy filing of discount home goods retailer Big Lots has sent shockwaves throughout the retail industry. The company’s struggle to stay afloat amidst high interest rates and a sluggish housing market is a clear indication of the challenges faced by low-priced furniture and decor retailers in the current economic climate. The decision to
Boeing’s Starliner capsule finally undocked from the International Space Station after a prolonged stay, missing the originally planned departure window. The spacecraft left behind the two NASA test pilots, Butch Wilmore and Suni Williams, who were initially delivered to orbit in early June. Instead of returning to Earth on the Starliner, the astronauts will be
The Green Bay Packers, a prominent National Football League team, stand out from the rest due to their unconventional ownership structure. Unlike other NFL franchises, the Packers operate as a publicly owned team, making them the only one of its kind in the four major North American professional sports leagues. Established over a century ago,
Back in 1989, Jerry Jones took a massive risk by purchasing the Dallas Cowboys for $150 million. At the time, the team was losing $1 million per month, and the future looked bleak. Jones had to act swiftly to turn the team’s fortunes around and make it profitable. However, with his unique vision and business
Molson Coors recently announced significant changes to its diversity, equity, and inclusion policies, following in the footsteps of several other companies. In an internal memo obtained by CNBC, the company revealed its decision to eliminate supplier diversity quotas. The executives at Molson Coors expressed that these quotas can be complex and influenced by external factors
Steph Curry, a four-time NBA Champion, is already looking towards his future after basketball. In a recent interview with CNBC, the 10-time NBA All-Star discussed his plans for the remainder of his basketball career and his aspirations for the future. Curry, who is 36 years old, has already established a media company called Unanimous Media,