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
Bank of America Buys $990 Million in Loans to Aid HomeStreet’s Turnaround
Bank of America Corp. has agreed to purchase approximately $990 million in multifamily commercial real estate loans from HomeStreet Inc., a move aimed at helping the struggling Seattle-based lender return to profitability.
OpenAI to Restructure as a Public Benefit Corporation for Enhanced Equity Financing
OpenAI, the Microsoft-supported pioneer in artificial intelligence, has announced plans to transition its for-profit operations into a Delaware Public Benefit Corporation (PBC). This reorganization aims to address the company’s growing financial needs
Starbucks Workers’ Walkout Expands Nationwide on Christmas Eve
Starbucks employees staged a major walkout this holiday season, culminating on Christmas Eve with expanded labor action across the country. While the Starbucks Workers United union claimed the strike affected more than
American Airlines Flights Resume After Brief System Outage
American Airlines resumed service Tuesday morning following a brief system outage that grounded flights across the United States during one of the busiest travel periods of the year. The airline attributed the
Honda and Nissan Explore Merger to Compete Globally
Honda and Nissan have announced plans to hold formal talks over the next six months to explore a possible merger, a move that could create the world’s third-largest automaker. Mitsubishi, a smaller
U.S. Investigates Chinese Legacy Semiconductors Amid Trade Tensions
The Biden administration has launched a last-minute trade investigation into Chinese-made legacy semiconductors. This probe, under Section 301 of the Trade Act of 1974, aims to counter China’s state-driven expansion in semiconductor
Volkswagen and Labor Unions Near Historic Pay and Jobs Deal
Volkswagen (VW) is edging closer to an agreement with labor representatives after months of tense negotiations over wages, jobs, and plant operations. These discussions, which began in September, mark the company’s longest-ever
Starbucks Workers Strike Nationwide Over Union Contracts
Baristas at Starbucks stores in Burbank swapped their aprons for picket signs on Friday as part of a growing nationwide strike demanding collective bargaining agreements. The walkout is spearheaded by Starbucks Workers
CFPB Sues Zelle and Major U.S. Banks Over Fraud Allegations
The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against Zelle, the leading peer-to-peer payments network, and three of its major bank partners—JPMorgan Chase, Bank of America, and Wells Fargo—alleging failures
Amazon Faces Historic Strike as Workers Demand Union Negotiations
Thousands of Amazon workers across seven U.S. facilities staged a strike early Thursday during the peak holiday shopping season, demanding that the retail giant enter contract negotiations with their union. The action,