Business

In a bold and surprising move, Southwest Airlines announced on Monday its decision to lay off approximately 1,750 employees, which constitutes about 15% of its corporate workforce. This action marks a significant departure from the airline’s longstanding practices and is described by CEO Bob Jordan as “unprecedented” in the company’s 53-year history. The airline is
The restaurant industry is navigating through turbulent waters in early 2025, grappling with external challenges that have prompted substantial changes in operational strategies and consumer engagement. Despite a promising end to the previous year, marked by growth in sales as consumers began patronizing their favorite chains again, the onset of new complications in January has
The U.S. automotive industry stands at a crossroads as geopolitical and economic tensions shape the landscape of vehicle imports and exports. With President Donald Trump signaling the possibility of increased tariffs on trading partners, particularly targeting South Korea and Japan, the implications for the American car market could be profound. These developments underscore the fragility
The rising cost of prescription medications in the United States has become a pressing issue embroiling consumers, health care providers, and policymakers alike. Recently, CVS Health’s CEO David Joyner found himself at the center of this debate, defending the role of Pharmacy Benefit Managers (PBMs), like CVS’s Caremark unit. Joyner asserts that PBMs play a
In recent years, the dynamic landscape of international trade has significantly affected numerous industries, with the beverage sector notably feeling the pressure. A recent statement from Coca-Cola’s CEO, James Quincey, sheds light on how the company’s packaging strategies may pivot in response to President Donald Trump’s decision to increase tariffs on aluminum imports. This potential
Once dismissed as a relic of early 2000s fashion, the skinny jean may be reviving itself in a surprising twist of sartorial fate. This controversial garment, once ubiquitous among millennials, has garnered renewed attention in recent months, as high-profile appearances and runway presentations hint at its potential resurgence. Unlike its years of peak popularity, the
This week marked a significant downturn for several beauty stocks, prompting investors and analysts alike to reassess their positions. Notably, E.l.f. Beauty suffered its most substantial weekly drop since August 2018, plummeting nearly 29%. Despite a revenue beat in its fiscal third-quarter report, the company’s inability to meet adjusted earnings per share expectations led to