The recent approval of a five-year labor agreement by flight attendants at American Airlines represents a pivotal moment in the airline industry’s labor landscape. With an overwhelming 87% of voting cabin crew members in favor of the contract, the new deal promises immediate pay increases of up to 20.5%, effective at the start of October.
Business
Stellantis, the multinational automotive giant born from the merger of Fiat Chrysler and PSA Groupe, is currently facing significant challenges. Recent market performances have prompted backlash from its U.S. dealer network and the United Auto Workers (UAW) union, both of whom are sounding alarms over leadership choices made by CEO Carlos Tavares. As the public
As Los Angeles gears up to host the 2028 Summer Olympics, Mayor Karen Bass has expressed concerns about the city’s readiness for the event. She acknowledges the need for extensive preparation in terms of infrastructure, transportation, and housing. Learning from the success of the 1984 Olympics hosted by the city, Bass is confident that Los
The latest report from real estate firm Knight Frank has revealed a significant surge in ultra-luxury home sales in some of the top markets in the United States. While many regions around the world saw a decline in sales of $10 million-plus homes, areas such as New York, Miami, and Palm Beach, Florida experienced a
Big Lots, a discount home goods retailer, has recently filed for bankruptcy protection due to a combination of high interest rates and a sluggish housing market. This has led to a decrease in demand for its affordable furniture and decor items. The company has agreed to sell its business to private equity firm Nexus Capital
Boeing’s Starliner recently undocked from the International Space Station, marking the end of a test flight that was full of delays and unexpected twists. The spacecraft departed without the two astronauts it initially delivered to orbit in June, as Butch Wilmore and Suni Williams will remain at the ISS until February, returning to Earth aboard
The Green Bay Packers, a team valued at $6.3 billion, have a distinct ownership structure that sets them apart from all other National Football League franchises. Unlike traditional NFL teams that are privately owned by individuals or families, the Packers are the only team in the league with a publicly owned ownership model. This ownership
When Jerry Jones assumed ownership of the Dallas Cowboys in 1989, he faced a daunting challenge. The team was hemorrhaging money, struggling to fill seats at Texas Stadium, and mired in mediocrity on the field. However, Jones, armed with a visionary mindset and a relentless drive, quickly turned the franchise around. Over the course of
Molson Coors has joined the ranks of companies that are reversing their diversity, equity, and inclusion policies. In an internal memo obtained by CNBC, executives at Molson Coors announced that the company will be eliminating supplier diversity quotas. They cited the complexity of these quotas and stated that they can be influenced by factors beyond
Steph Curry, the renowned NBA player, is already making plans for his post-basketball career. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his aspirations beyond the basketball court. Despite being a 10-time NBA All-Star and a four-time NBA champion, Curry is looking towards the next phase of his life. Apart from