The aftermath of a botched software update by CrowdStrike left Delta Air Lines in a state of disarray, leading to massive disruptions that lasted for days. Thousands of customers and crew members were left stranded, with the airline forced to cancel over 5,000 flights in a span of just five days. This level of chaos
Business
Tadge Juechter, a veteran at General Motors with a long-standing history of involvement with the Corvette brand, recently retired after spending nearly 47 years at the Detroit automaker. His journey with the Corvette began in 1985, where he was tasked with researching the market for a new high-performance model of the Corvette, known as the
The Summer Olympics in Paris have taken on a new life with the introduction of Snoop Dogg as a prominent figure in the coverage. The viewership numbers have skyrocketed, with a 79% increase from the previous Tokyo Olympics. NBCUniversal, the broadcaster of the Games in the U.S., has been quick to attribute this success not
Recently, Morgan Stanley made a groundbreaking announcement to its financial advisors regarding the offering of bitcoin exchange-traded funds (ETFs) to select clients. This move sets them apart as the first major Wall Street bank to take this step, marking a significant shift in the financial industry. With approximately 15,000 financial advisors under its wing, Morgan
Eli Lilly’s weight loss drug Zepbound has shown significant benefits in patients with a common type of heart failure and obesity, based on late-stage trial data released by the company. The findings highlight the potential health benefits of Zepbound and other popular GLP-1 drugs beyond just weight loss and blood sugar regulation. This could potentially
Boeing has announced the appointment of Robert “Kelly” Ortberg as the new CEO, taking over from Dave Calhoun. Ortberg, a veteran in the aerospace industry, brings years of experience to the role, previously leading major aerospace supplier Rockwell Collins. His appointment comes at a challenging time for Boeing, as the company faces persistent losses, increased
Washington, D.C., Attorney General Brian Schwalb recently filed a lawsuit against the online ticket exchange platform, StubHub, accusing them of engaging in deceptive and unfair pricing strategies. The lawsuit alleges that StubHub deliberately uses misleading advertising of low ticket prices to entice consumers into making purchases, only to hit them with significantly higher prices during
Spirit Airlines, known for its budget-friendly air travel options, announced a groundbreaking change in its approach to customer service. The Florida-based carrier unveiled plans to offer new packages for its highest-priced tickets, bundling in perks that were previously only available as add-ons. This strategic move is aimed at boosting revenue in the face of various
After facing a difficult second quarter, McDonald’s executives are shifting their focus towards recapturing consumers by offering attractive deals to entice them back to their restaurants. U.S. President Joe Erlinger acknowledged that the fast-food chain has had trouble convincing diners of its affordability, and he anticipates continued challenges in the industry throughout the year. Long-Term
McDonald’s executives are facing the challenge of consumer perception when it comes to pricing. Lower-income consumers are finding the company’s prices too high, especially as they contend with the effects of high inflation. This perception has led to a decline in same-store sales across all divisions, prompting executives to reevaluate their pricing strategies. In response