The Federal Aviation Administration (FAA) is again facing a leadership transition as Michael Whitaker, the current head of the agency, announced his departure effective January 20. Whitaker, who has been in the role for just over a year, leaves amid ongoing challenges…
Macy’s has finalized its inquiry into a former employee who concealed over $150 million in delivery costs. The misrepresentation, which occurred over a span of nearly three years beginning in late 2021 and ending in 2024, caused the retailer to delay releasing…
Alaska Airlines has announced bold plans to expand its international presence while capitalizing on premium travel demand. With new nonstop routes to Japan and South Korea, enhanced premium services, and a revamped fleet strategy, the airline aims to boost profits by $1…
TikTok and its Chinese parent company ByteDance are seeking to delay enforcement of a US law that could force the app’s ban by January 19, 2024. The companies filed an emergency motion with the US Court of Appeals for the District of…
Lululemon is navigating a challenging retail landscape, marked by slowing U.S. sales but buoyed by strong international growth. The athletic apparel brand’s fiscal third quarter report exceeded Wall Street expectations, with a 9% year-over-year sales increase, highlighting its global expansion efforts as…
The demand for weight loss medications in the United States has skyrocketed in 2024, with prescription fills for Wegovy and Zepbound more than doubling. These drugs, part of a category known as GLP-1 and GIP agonists, regulate appetite and blood sugar by…
Brian Thompson, CEO of UnitedHealthcare, the insurance arm of UnitedHealth Group, was tragically shot outside the Hilton hotel in Manhattan on Wednesday morning. The incident, described by authorities as a targeted attack, has left both the healthcare industry and business communities in…
The United States has introduced fresh export restrictions targeting China’s access to advanced semiconductor technology. These measures, announced by the US Commerce Ministry, represent a significant escalation in the ongoing tech rivalry between the world’s two largest economies. The restrictions aim to…
The automotive world was shaken as Carlos Tavares, CEO of Stellantis, announced his immediate resignation. The decision comes amidst significant challenges for the company, particularly in the U.S. market, and marks a turning point for the fourth-largest carmaker globally. Leadership Turmoil: Reasons…
Constellation Brands, the company behind popular beer brands Modelo and Corona, saw its stock drop 3.5% on Tuesday following announcements of proposed tariffs by former President Donald Trump. If implemented, the 25% tariff on Mexican imports could significantly impact the company, which…