Business

(NEW YORK) — Shares of Boeing have plunged nearly 10% this week after a door plug blew out of the company’s 737 Max 9 aircraft during an Alaska Airlines flight. The incident, which took place on Friday night, prompted the Federal Aviation Administration to ground the aircraft. The stock price of Spirit Aerosystems, the manufacturer […]

(LOS ANGELES) — Fast food workers defied skeptics roughly a decade ago with the “Fight for $15,” a campaign demanding an industry-wide pay floor at more than double the federal minimum wage. That aspiration spread across the low-wage workforce, helping to achieve a base pay of $15 per hour in six states and dozens of […]

(NEW YORK) — Days away from the first ballots cast in the 2024 primary election, former President Donald Trump holds a commanding lead over his Republican rivals and tops President Joe Biden in some head-to-head polls. Trump’s standing appears to stem in part from widespread frustration over Biden’s handling of the economy. Only 30% of voters […]

(NEW YORK) — TGI Fridays is starting off the new year by shuttering dozens of locations to support the restaurant chain’s long-term growth strategy, which it said includes appointing a former stakeholder to lead select regional locations “into a new phase of revitalization.” The Dallas-based casual dining bar and grill chain announced it will soon […]

(NEW YORK) — Dozens of families who are suing Snap Inc., the parent company of Snapchat, won a legal victory Tuesday when a judge in California ruled their lawsuit against the social media giant may continue. Over 60 family members of children who allegedly obtained illegal drugs through Snapchat are part of the lawsuit, Neville […]

(NEW YORK) — Starbucks will become the first nationwide coffee retailer to accept reusable cups for mobile orders, effective immediately, the coffeehouse chain said in a release Wednesday. Customers will now also have the same reusable cup option for drive-thru orders for the first time. Coffee drinkers can now fill a “clean, personal cup for […]

(NEW YORK) — Mortgage rates have plummeted in recent weeks, boosting the prospects of homebuyers previously stifled by high borrowing costs. Many forecasters predict mortgage rates will drop further, however, since the Federal Reserve expects to cut its benchmark interest rate this year. Those circumstances pose a quandary for buyers: Jump into a newly attractive […]

(NEW YORK) — Days after Elon Musk bought X for $44 billion last year, he strolled through the glass doors at company headquarters carrying a kitchen sink. “Let that sink in,” he said. Now, Musk faces a difficult reality of his own: A sharp decline in the value of X totaling tens of billions of […]

(NEW YORK) — Over 675,000 cans of baby formula are being recalled for possible bacterial contamination, the company announced. Reckitt and Mead Johnson Nutrition, the makers of Enfamil and Nutramigen, announced Saturday it was voluntarily recalling cans of Nutramigen Hypoallergenic Infant Formula Powder, a specialty formula given to infants with cow’s milk allergy, following product […]

(NEW YORK) — The recent headlines for electric vehicles have been brutal: Sales are dropping. Momentum is slipping. Consumers are souring on the technology. Experts say, however, that 2024 may be the year to finally pull the plug on gasoline-powered cars and trucks. “Five years ago we did not have the array of EVs we […]