In a recent video, United Auto Workers President Shawn Fain unleashed a scathing attack on Stellantis CEO Carlos Tavares. Fain accused Tavares of price gouging consumers and failing to honor parts of the union’s labor contract with the automaker. These accusations come amidst a backdrop of strained relations between the UAW and Detroit automakers, including
Business
Walmart, the nation’s largest retailer, is set to release its quarterly earnings report, providing valuable insights into consumer behavior and the state of the economy. Analysts are expecting earnings per share of 65 cents and revenue totaling $168.53 billion. The company’s reputation for value has been a key driver of sales growth, attracting both lower
The incoming CEO and Chair of Starbucks, Brian Niccol, has been offered a substantial pay raise and one-time bonuses in order to entice him to leave his position as the chief executive of Chipotle Mexican Grill. This move comes at a critical time for Starbucks, as the company is facing slumping sales, particularly in its
Alaska Airlines flight attendants have taken a surprising stance by rejecting a new labor deal that would have provided them with immediate raises averaging over 24%. This decision has left both the union and the company in a position where further negotiations are necessary, especially with the looming merger with Hawaiian Airlines. The union and
Home Depot, a leading home improvement retailer, is closely monitoring the Federal Reserve’s upcoming decision on interest rates. According to Chief Financial Officer Richard McPhail, homeowners are delaying moving into new houses or starting major projects that require financing due to the high interest rates. The anticipation of a potential interest rate cut has only
Brian Niccol’s recent appointment as Starbucks’ CEO and Chairman has garnered attention from Wall Street analysts who believe he is the right choice to lead the iconic coffee chain into a new era. Despite Starbucks’ recent struggles with declining same-store sales, investors are optimistic about Niccol’s ability to rejuvenate the demand for the company’s coffee.
In a world where fitness centers are a dime a dozen, it is crucial for companies to manage their finances effectively in order to survive. Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, serves as a cautionary tale for businesses in the fitness industry. With over 100 centers in the
General Motors unveiled the redesigned versions of its entry-level GMC Terrain crossover, showcasing a new standard “Elevation” model. This compact crossover boasts a more rugged exterior design, along with a revamped interior featuring an impressive 26 inches of screens. The centerpiece is a 15-inch center touchscreen, complemented by an 11-inch driver information cluster. These screens
DirecTV is breaking away from the traditional image of a satellite TV provider by emphasizing its streaming capabilities in a new ad campaign featuring Deion Sanders, also known as Coach Prime. The company, known for its iconic satellite dishes, is striving to educate consumers that they can access DirecTV without the need for a satellite
In recent times, restaurant CEOs have been emphasizing the word “value” as a key factor in addressing the decline in sales and traffic in their establishments. This trend was most notable in McDonald’s quarterly conference call where the word “value” was mentioned almost 80 times, highlighting its significance as a focal point for the fast-food