In a surprising turn of events, Tim Kuniskis has made his comeback to Stellantis, taking the helm of the Ram Trucks brand after having retired just a few months prior. His reappointment is not merely a nostalgia-driven decision; it reflects a strategic shift within a company grappling with market challenges. Kuniskis, known for his deep
Business
The Consumer Financial Protection Bureau (CFPB) has recently brought a severe complaint against Comerica Bank, alleging significant misconduct in its management of the Direct Express prepaid debit card program. The essence of the CFPB’s lawsuit is multifaceted, indicating that the bank intentionally disconnected over 24 million customer service calls, unjustly imposed ATM fees on more
Ulta Beauty’s recent announcement regarding its fiscal third-quarter results brought a wave of relief to investors and market watchers alike. Defying widespread apprehensions about increasing competition and a perceived decline in consumer demand for cosmetics and skincare, the retailer reported earnings that exceeded Wall Street’s expectations. The company indicated a revised full-year revenue forecast of
In a bold move signaling a robust response to fluctuating market dynamics, JetBlue Airways has announced significant alterations to its flight operations. This decision, communicated to employees on Wednesday, represents the airline’s ongoing endeavor to streamline costs and achieve consistent profitability amidst a highly competitive market. The carrier’s strategy involves eliminating unprofitable flight routes, optimizing
As the travel industry steadily recuperates from the effects of the pandemic, U.S. airline executives are gearing up to face a significant challenge—defending their controversial seating fees in front of a Senate panel. The increasing reliance on these so-called “junk” fees has drawn scrutiny from lawmakers who are concerned about the financial implications for consumers
In a bid to solidify its place in the rapidly evolving automotive landscape, Jaguar has unveiled its all-electric concept vehicle, the Type 00. This announcement came as a part of Jaguar’s strategic overhaul during a presentation that took place on a Monday night. The vehicle, along with a complete brand reimagining, symbolizes a turning point
In a surprising turn of events, Carlos Tavares has stepped down as CEO of Stellantis, a major player in the global automotive industry. This unexpected resignation stems from increasing discord between Tavares and the board of directors, as highlighted by recent statements from the company. Stellantis, formed from the merger of Fiat Chrysler Automobiles and
The landscape of college football has undergone a significant transformation with the introduction of the 12-team playoff format. This shift marks a paradigm change not only for the participating teams and fans but also for the media companies, particularly Disney, that broadcast these thrilling matchups. As more teams vie for a chance at the national
As the holiday season unfolds, businesses across the retail spectrum are presented with a critical opportunity to entice consumers. This year’s holiday shopping landscape paints a picture of stark contrasts; while some retailers flourish, others grapple with disappointing sales figures. Understanding the underlying currents influencing these trends requires a deep dive into the mechanics of
As the holiday season approaches, the domestic box office is bracing itself for what could be its most prosperous Thanksgiving weekend since the onset of the COVID-19 pandemic. At the heart of this potential success are three highly-anticipated films: Disney’s “Moana 2,” Universal’s “Wicked,” and Paramount’s “Gladiator II.” Scheduled to premiere on Wednesday, “Moana 2”