Forced to revise its full-year outlook, Southwest Airlines plans to reduce capacity and alter schedules for 2024 due to Boeing’s manufacturing issues.
Southwest Airlines Pilots Approve New Contract
Southwest Airlines pilots have approved a new contract that includes a nearly 50% pay raise by 2028. The Southwest Airlines Pilots Association (SWAPA) announced Tuesday that the majority of its...
Southwest, American Airlines Remain Silent on Flying of Unlawful Migrants
In the wake of controversy surrounding Delta Airlines, other major U.S. carriers are remaining tightlipped. Delta Air Lines has received backlash after a social media video showed unlawful migrants...
Uber Ditches Alcohol Delivery App Drizly
Uber is shutting down its alcohol delivery app at the end of March. By eliminating the Drizly app, Uber said it will have more resources and time to grow its core business. The decision to scrap...
Car Insurance Payments Going Up? Here’s Why
Many Americans are confounded as to why their car insurance now costs them an arm and a leg to pay. Motor vehicle insurance had one of the most significant year-over-year increases in 2023 relative...
Ford To Slash EV Production Amid Sales Slump
The mass adoption of electric vehicles is not going as smoothly as some legacy automakers had hoped it would. Ford Motor Co. said it plans to slash production of its F-150 Lightning amid a slump in...
Tesla Ownership May Dictate AI Innovation
Elon Musk says he feels "uncomfortable" growing Tesla to be a leader in artificial intelligence and robotics without having about 25% voting control of the company. He explained in a post on X,...
Retail Sales Surpass Expectations in December
Retail sales in the United States rose more than expected in December. Advance sales for retail and food services were $709.9 billion in December, up 0.6% from the previous month, and a 5.6%...
YouTube Urged To Censor Climate Change Skeptics
A new study produced by the Center for Countering Digital Hate is pushing YouTube to step up efforts to censor climate skepticism. The study, released on Tuesday, highlights YouTube’s parent...
Chase CEO Questions Fed’s Monetary Policy
In a wide-ranging interview on CNBC's Squawk Box, JPMorgan Chase CEO Jamie Dimon questioned the efficacy and long-term consequences of the Fed's approach to monetary policy. He cited "quantitative...
Burger King Parent Company Buying Franchisee
The company that owns Burger King plans to acquire its largest franchisee in the U.S. for $1 billion in an effort to expedite growth plans. Carrols is the largest Burger King franchisee in the...
Citigroup To Reduce 10% of Workforce
Citigroup is working to reduce its workforce by about 20,000, according to reports. The company plans to eliminate roughly 10% of its workforce by the end of 2026, The Wall Street Journal reported....
Judge Blocks JetBlue-Spirit Merger, Shares Plummet
A federal judge has blocked JetBlue Airway’s attempted purchase of Spirit Airlines. On Tuesday, U.S. District Judge William Young blocked a planned $3.8 billion merger between JetBlue Airways and...
Dallas’ ISN Promotes Callahan to CEO
Dallas-based ISN has appointed Brian Callahan as chief executive officer, the company announced on Tuesday. "Since joining ISN in 2004, I have witnessed its incredible growth and transformation,"...
Apple Relocates AI Workers to Texas
Certain Apple employees based in San Diego, California, must relocate to Austin, Texas, or risk being laid off. Apple told 121 workers in the company’s Data Operations Annotations (DOA) division...
Lawsuit Seeks to Block Kroger, Albertsons Merger
A proposed merger between grocery store giants Kroger and Albertsons is on hold after a lawsuit in Washington State challenged the bid. The grocery chains agreed to the terms of a merger in 2022 but...
Concern Intensifies Over Natural Asset Companies
State officials are raising concerns and speaking out against a new type of company designation: Natural Asset Company. A proposal by the Security and Exchange Commission (SEC) to create and list...
Branson Launches Program After Epstein Claims
The recent release of court records in the Jeffrey Epstein case has reignited the national conversation about the accusations and revealed the alleged involvement of Sir Richard Branson, the...
Dallas’ Firehawk Aerospace Receives R&D Grant
A division of the U.S. Air Force has awarded a Small Business Innovation Research grant to Dallas-based Firehawk Aerospace to help develop hybrid rocket engines. "Our unique approach to fuel...
Inflation Concerns Rise Among Small Businesses
The National Federation of Independent Business indicated inflation as the biggest problem affecting small businesses in December. The National Federation of Independent Business (NFIB) Small...
Dallas’ Fogo de Chao Announces Growth Plans
The Brazilian restaurant concept Fogo de Chao, headquartered in Dallas, plans to open 21 locations across the world over the next two years, the company has announced. "As we look ahead to the next...