Business

After obtaining record contracts with the Detroit automakers, the United Auto Workers union is initiating an unprecedented campaign to organize 13 non-union automakers in the United States. The union announced on Wednesday that approximately 150,000 autoworkers from BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz, Nissan, Rivian, Subaru, Tesla, Toyota, Volkswagen, and Volvo will be covered by […]

Spirit Airlines has implemented voluntary departure packages for salaried staff members, marking the latest cost-cutting move as the low-cost airline anticipates continued financial difficulties in the upcoming year. The airline has been dealing with weak off-peak demand, and it announced last month that it would have to ground an average of 26 Airbus A320neo aircraft

Even as the market rises, family offices are investing a larger portion of their funds in private markets than the public stock market, according to a recent survey. According to a Campden Wealth and RBC survey of family offices in North America, 29.2% of family offices’ investments were in private markets, which include venture capital,

Shein has quietly filed to go public in the United States as the Chinese-founded fast-fashion giant seeks to broaden its appeal internationally through a much-discussed IPO. As early as 2024, the retailer—whose most recent valuation was $66 billion—may be prepared to begin trading on public markets, according to individuals with knowledge of the situation on

A National Retail Federation survey shows that from Thanksgiving Day through Cyber Monday, a record 200.4 million people visited stores and browsed online in search of gifts. This was a great way for shoppers to start the holiday season. Since Prosper Insights & Analytics and the major trade association started monitoring overall in-store and online

During an internal town hall on Tuesday, Disney CEO Bob Iger expressed his excitement for “building again” after 2023, saying he would like to focus on fixing areas of the company that “needed attention.” Speaking to News anchor David Muir at New York’s Amsterdam Theater, Iger said, “I feel that we’ve just emerged from a

A gloomy cloud is looming over Black Friday. Over the past few weeks, a number of retailers have released cautious, tepid, or downright disappointing fourth-quarter outlooks, casting a shadow over the vital holiday season just as they prepare for the biggest shopping day of the year. The companies, which range from large boxer BJ’s Wholesale

Rescheduled from Nov. 25–26 to Nov. 30, meetings of the powerful Organization of the Petroleum Exporting Countries and its allies, or OPEC+, sent prices plunging more than $3 per barrel in intraday trade on Thursday. At 13:50 London time, the Ice Brent contract with January delivery was trading at $79.05 per barrel, down $3.40 from

Following the Organization of Petroleum Exporting Countries’ decision to postpone a crucial meeting on production cuts for this weekend, U.S. crude prices fell on Wednesday. The West Texas Intermediate contract for January saw a morning drop of roughly 5% to $73.85 a barrel, but it recovered most of those losses. The final price of US