JetBlue Raises Bag Fees as Fuel Costs Jump
JetBlue Airways is increasing checked baggage fees as fuel prices surge in the wake of the war involving Iran, adding another sign that higher energy costs are beginning to reach U.S. travelers
Netflix Lifts Prices Across All Plans
Streaming leader raises monthly rates again Netflix has increased prices across its U.S. subscription lineup, pushing monthly costs higher for every main plan as the company leans on pricing power to support
Meta layoffs clash with massive exec pay plan
Job cuts and billion-dollar incentives highlight a company in transition toward artificial intelligence Meta has entered another turbulent phase, cutting hundreds of jobs while simultaneously unveiling an executive compensation plan that could
Deutsche Bank Flags Auto Sector as Key Risk
Deutsche Bank warned on Thursday that the auto sector poses a growing risk to its portfolio, citing potential U.S. tariffs, economic challenges, slow EV adoption, and competition from China. Auto Sector Under
Volkswagen and Stellantis Avoid Tariffs While BMW Faces Levies
Automakers Volkswagen and Stellantis have confirmed that their North American-made vehicles will be exempt from U.S. President Donald Trump’s newly imposed 25% tariffs. Meanwhile, BMW has stated that it will face levies,
Walgreens Boots Alliance to Go Private in $23.7 Billion Deal
Walgreens Boots Alliance is set to go private in a deal worth up to $23.7 billion, marking the end of nearly a century as a publicly traded company. The move follows years
Dine Brands Revamps Applebee’s and IHOP Amid Sales Decline
Dine Brands, the parent company of Applebee’s, IHOP, and Fuzzy’s Taco Shop, is launching a bold initiative to modernize its restaurant chains as it faces declining sales and shifting consumer habits. Challenges
Macy’s Forecasts Weak Sales and Profit as Tariffs Weigh
Macy’s projected lower-than-expected annual sales and profit on Thursday, highlighting ongoing struggles for U.S. retailers facing reduced consumer spending and new trade restrictions. Shares of the company fell 3% in early trading
Disney to Cut Nearly 200 Jobs at ABC News and TV Networks
The Walt Disney Co. is laying off just under 200 employees at ABC News and its Disney Entertainment Networks division as the traditional TV industry faces ongoing economic challenges, according to a
Target Expands Marketplace, Delivery to Boost Growth
Target plans to accelerate growth by expanding its third-party marketplace, media network, and same-day delivery services, aiming to drive more than $15 billion in revenue growth over the next five years, the
Citigroup Accidentally Credits $81 Trillion in Banking Blunder
Citigroup mistakenly credited $81 trillion — instead of the intended $280 — to a customer’s account in April, highlighting ongoing operational issues the bank has been striving to resolve. The error was
Rolls-Royce Sees Weak Profit Despite Revenue Growth in 2024
Rolls-Royce Holdings Plc (RYCEF.PK, RR.L, RYCEY.PK) reported weaker-than-expected profit for fiscal 2024 on Thursday, despite an increase in revenues. The British aerospace and defense giant attributed its performance to a challenging supply
Jeff Bezos Overhauls Washington Post Opinion, Sparks Backlash
Washington Post owner Jeff Bezos announced a sweeping overhaul of the newspaper’s opinion section on Wednesday, prompting editorial page editor David Shipley to resign. The changes, which Bezos outlined in a company-wide