United Auto Workers President Shawn Fain has recently intensified his criticism towards Stellantis CEO Carlos Tavares, accusing him of engaging in price gouging practices that detriment consumers. Fain also pointed out the alleged failure of Stellantis to uphold certain aspects of the union’s labor contract with the automaker. These accusations have sparked a heated debate
Business
As Walmart prepares to report its quarterly earnings, investors and economists are eagerly awaiting insights into the health of American households and the overall economic outlook. With expectations of earnings per share at 65 cents and revenue at $168.53 billion, analysts are closely watching for clues about where consumers are choosing to spend their money.
Alaska Airlines flight attendants have made headlines by rejecting a new labor deal that would have come with significant immediate raises averaging more than 24%. This decision, announced by their union, comes at a crucial time as a merger with Hawaiian Airlines looms on the horizon. Despite reaching a tentative agreement in June that was
Starbucks recently made a significant move by offering a lucrative compensation package to its incoming CEO and Chair, Brian Niccol, in order to lure him from his previous role as chief executive at Chipotle Mexican Grill. This bold move shines light on the company’s efforts to revamp its leadership and boost its growth in the
The appointment of Brian Niccol as Starbucks’ new chief executive officer and chairman has generated a significant amount of buzz on Wall Street. Analysts and investors are hopeful that Niccol, known for his successful tenure as a restaurant CEO, will be able to steer Starbucks in a new direction and revitalize the company’s sales. His
Interest rates play a significant role in influencing consumer behavior, especially when it comes to making big financial decisions such as moving into a new house or starting major home improvement projects. The recent anticipation of a potential interest rate cut by the Federal Reserve has led many homeowners to postpone these decisions, as they
In recent news, Blink Fitness, a popular budget-friendly gym chain owned by Equinox Group, has made headlines for filing Chapter 11 bankruptcy protection. This move comes in the wake of the COVID-19 pandemic, which has hit the fitness industry hard. With more than 100 centers across the U.S., Blink Fitness is just one of many
General Motors recently unveiled the redesigned versions of the entry-level GMC Terrain crossover, showcasing several key updates and enhancements. Among the highlights is the introduction of a new standard “Elevation” model, which boasts a more robust exterior design and a revamped interior equipped with a plethora of cutting-edge features. One of the standout features of