As the holiday season approaches, tensions are mounting at Starbucks, where baristas in major cities like Los Angeles, Chicago, and Seattle are preparing to engage in a strike that could disrupt operations through Christmas Eve. The decision to strike is fueled by frustrations over inadequate wage negotiations and stalled progress on promised contractual agreements. The
Business
The intersection of collegiate athletics and finance has evolved into a lucrative realm, captivating private investors eager to partake in the sprawling revenues generated by major college sports. As billion-dollar financials become commonplace within this ecosystem, a pivotal inquiry emerges: how can we accurately assess the worth of a college sports program? Recent analysis led
Stellantis, the parent company of the Ram brand, announced a significant delay in the launch of its fully electric Ram pickup truck, moving the anticipated release from 2025 to 2026. This decision reflects the broader complexities and slower-than-expected adoption rates for electric vehicles (EVs) in a landscape where competitors are grappling with profitability in the
The recent settlement of $25 million agreed upon by Grubhub with the Federal Trade Commission (FTC) and Illinois Attorney General Kwame Raoul portrays a significant chapter in the evolving narrative of food delivery services. Accusations of misleading practices affecting customers, workers, and restaurants underscore the complexities and ethical considerations associated with business growth in the
In recent years, family offices have garnered attention for increasingly engaging in direct investments within private companies. A significant shift in their investment strategy is highlighted by the 2024 Wharton Family Office Survey, which illustrates the potential volatility of this approach. While the allure of direct investment promises independence from private equity fees and the
In the wake of a senseless tragedy that claimed the life of Brian Thompson, the CEO of UnitedHealthcare, Andrew Witty, the CEO of UnitedHealth Group, used his public platform to reflect on the alarming shortcomings of the U.S. healthcare system. After Thompson’s untimely death, Witty highlighted the widespread frustrations that Americans face with a system
In a significant move aimed at protecting consumers, the Consumer Financial Protection Bureau (CFPB) has unveiled a finalization of new regulations targeted at curbing excessive overdraft fees imposed by banks. This landmark decision is framed to save American consumers approximately $5 billion every year. By replacing the average overdraft fee of around $35 per transaction
As the automotive industry looks ahead to 2025, U.S. car dealers are enveloped in a climate of “renewed optimism.” Analysts at Cox Automotive have noted a significant surge in dealer confidence attributed to various factors, including the political landscape marked by President-elect Donald Trump’s administration. This shifting sentiment comes on the heels of the November
The landscape of women’s basketball is undergoing a significant transformation with the introduction of Unrivaled, a startup basketball league focused on 3×3 play. With a freshly inked multiyear partnership with Under Armour, this league is setting the stage for change not only in the realm of women’s sports but also for the brand navigating its
In a surprising turn of events, Tim Kuniskis is rejoining Stellantis, taking the helm of the automaker’s Ram Trucks brand effective immediately. This decision follows the unexpected resignation of CEO Carlos Tavares, who stepped down due to mounting challenges within the North American market. According to sources familiar with the internal developments, the leadership team