Boeing CEO Dave Calhoun and other company leaders are gearing up to meet with the Federal Aviation Administration (FAA) to present a plan aimed at improving staff training and production practices within the company. This meeting comes after a serious incident involving an airplane door panel on a new 737 Max 9 earlier this year,
Business
In a recent open letter, Joe Erlinger, president of McDonald’s USA, addressed claims that the fast-food chain has significantly increased its prices. According to Erlinger, the average price of McDonald’s menu items has risen by approximately 40% since 2019. This statement was made in response to social media allegations by House Republicans and others that
Stellantis, the global automotive company, is gearing up to introduce a game-changing $25,000 all-electric Jeep vehicle in the U.S. market. This strategic move is aimed at capturing the attention of mainstream consumers and accelerating the adoption of electric vehicles, which has been slower than anticipated. CEO Carlos Tavares recently shared this exciting development, highlighting the
Dick’s Sporting Goods has seen a significant increase in customer spending on new sneakers and athletic gear, resulting in a spike in the retailer’s full-year earnings guidance. The company reported a 5.3% growth in comparable sales during its fiscal first quarter, surpassing analysts’ expectations of 2.4% growth. This growth was attributed to a higher number
American Airlines recently announced a significant cut to its sales outlook, painting a bleak picture for the company’s financial performance. This decision comes amidst the departure of Vasu Raja, the chief commercial officer, adding to the turbulence within the organization. The anticipated unit revenue decline of up to 6% in the second quarter is far
Starbucks recently reported a challenging quarter, with U.S. same-store sales falling by 3% and a 7% drop in traffic. As a result, the company had to cut its 2024 forecast. The CEO, Laxman Narasimhan, acknowledged that Starbucks was facing a more cautious consumer base when it comes to spending. He also identified the need for
Porsche has recently unveiled the first-ever production hybrid version of its iconic 911 sports car, the 2025 911 Carrera GTS hybrid, with a starting price of $164,900. This marks a significant shift for the German automaker as the industry focuses on electrification and fuel economy improvements. The new 911 Carrera GTS features a unique hybrid
In the wake of the pandemic, movie theaters have faced challenges in attracting audiences back to the big screen. With the rise of streaming services and shorter theatrical release windows, the industry has had to adapt to changing consumer behaviors. One such adaptation is the introduction of 4DX technology, which promises a multi-sensory experience that
In today’s world, Avid traveler Lora Bowler is adjusting her vacation spending habits. Despite having spent more than anticipated in 2023, including on travel, she is now trying to cut back on expenses. Like many others, she has turned to travel hacks and benefits to reduce costs. One of the popular trends she, along with
Recently, the United Auto Workers union made a bold move by challenging the results of a vote held for Mercedes-Benz workers in Alabama. Despite the fact that 56% of the workers voted against union representation, the UAW is requesting a new election. The union has claimed that the German automaker fired four pro-union workers, forced