Airline losses mount but the worst appears to be over
The red ink continued to flow at US airlines in the first quarter. But after a year of massive losses, airlines are showing signs that better times…
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Is the US recovery approaching its peak?
Bolstered by strong data, investors are expressing plenty of faith in the power of the global economic recovery. But what if this spring is as good…
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Real Madrid president Florentino Perez insists Super League isn’t canceled, only on ‘standby’
Despite a ferocious backlash and widespread condemnation, Real Madrid President Florentino Perez says the so-called Super League isn’t…
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How America’s CEOs reacted to the Derek Chauvin guilty verdict
Business leaders joined a chorus of Americans in applauding the conviction of former Minneapolis police officer Derek Chauvin, while at the same time…
Continue ReadingCompanies are crucial to solving the climate crisis. 75% are falling short
Less than a quarter of the world’s big public companies are doing their part to address the climate crisis, according to new research…
Continue ReadingGoing from unicorn to Wall Street may become more of a challenge
It’s been a good time to go public for high profile unicorns lately. Coinbase, Roblox and Airbnb are just a few of the major private companies…
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Netflix needs a Next Big Thing
Netflix is synonymous with streaming, but its competitors have a distinct advantage that threatens the streaming leader’s position at the top.…
Continue ReadingJuventus and Man Utd shares plunge as Super League plan collapses
Investors have rendered their verdict on the European Super League: it’s dead. Stock market gains made by breakaway clubs Juventus and…
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Apple made a big mistake with its new iMacs
Apple’s new iMac is awesome: a technical marvel and a culmination of Apple’s stunning engineering achievements over the past several…
Continue Reading‘A perfect storm’: These restaurants survived the pandemic. Now they can’t find workers
A few weeks ago, Philippe Massoud posted online ads looking for a cook to hire at ilili, his New York City restaurant. Typically, he said, 60 or 80…
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How Dogecoin is like a Cabbage Patch Doll
Dogecoin is tumbling after a stunning start to the year. Brian Brooks, the new CEO of crypto exchange Binance, says that’s to be expected:…
Continue ReadingTarget, Google and others are under pressure to dump the Chamber of Commerce over voting rights
Progressive activists are calling on Ford, Target, Google, Bank of America and other major companies that have pledged to support voting rights to…
Continue ReadingRestaurants have a new challenge: Finding workers
A few weeks ago, Philippe Massoud posted online ads looking for a cook to hire at ilili, his New York City restaurant. Typically, he said, 60 or 80…
Continue ReadingAlexa, should I get bangs? Amazon is opening a hair salon in London
Good news for people looking to get a post-pandemic chop: Amazon is opening a hair salon in London. Yes, you read that right. The world’s…
Continue ReadingNearly 10% of American families struggled with unemployment last year
The pandemic devastated the once strong US labor market — that much we already knew from various economic data. On Wednesday, the Bureau of Labor…
Continue ReadingHere’s why car prices are at record highs — and still rising
Car dealer lots have only a fraction of the vehicles that they typically have — both new and used. It’s helping send prices to record…
Continue ReadingTaco Bell will start reusing hot sauce packets
Taco Bell’s plastic sauce packets have a short life. After all, what else are you supposed to do with them after they’re squeezed to…
Continue ReadingGoldman Sachs employs just 49 Black people in top US jobs
Goldman Sachs has just 49 Black executives and senior managers in its US workforce, accounting for about 3% of the total. In a sustainability report…
Continue ReadingThe parent company of Old Country Buffet filed for bankruptcy
Fresh Acquisitions, the parent company of a restaurant chain that owns several buffet-style concepts, including Old Country Buffet, filed for…
Continue ReadingHere come the dreaded post-pandemic price increases
For months, investors have been bracing for signs that prices will increase as the post-pandemic economic recovery gathers steam. Well, they’re…
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