Boeing CEO Dave Calhoun is set to meet with the Federal Aviation Administration (FAA) along with other top company leaders, to present a quality improvement plan that showcases enhanced staff training and production practices at its factories. This meeting comes after the FAA ordered Boeing to come up with a plan following a serious incident
Kohl’s, a prominent retail chain, witnessed a staggering drop in its shares by more than 20% during premarket trading on Thursday. The reason behind this downfall was the company’s unexpected loss per share, which was significantly lower than what Wall Street had anticipated. Analysts had predicted a profit of 4 cents per share, but Kohl’s
As per research from the Schwartz Center for Economic Policy Analysis at the New School for Social Research, unpaid student loan debts are posing a significant threat to the retirement savings of millions of older individuals in the United States. The study, which analyzed data from the Federal Reserve Board’s 2022 Survey of Consumer Finance,
In a recent open letter, Joe Erlinger, the president of McDonald’s USA, responded to claims that McDonald’s has dramatically increased its prices. According to Erlinger, the average price of McDonald’s menu items has risen by approximately 40% since 2019. This statement was made in light of accusations from various sources, including House Republicans, that prices
The closure of the Delaware College of Art and Design has brought to light the challenges faced by many independent art and design schools. These challenges stem from a variety of factors, including declining enrollment, a shrinking pool of college-age students, rising costs, and issues with the Free Application for Federal Student Aid (FAFSA) form.
Jim Chanos, a well-known short seller, has vehemently denied accusations of embezzling funds for personal use. In response to a lawsuit filed by Conlon Holdings, Chanos called the allegations “false, baseless and defamatory.” The lawsuit, filed in New York state court, claimed that Chanos used his firm, Chanos & Co., as a “piggy bank” and
Nissan has issued a serious warning to owners of older vehicles that are equipped with recalled Takata airbags. The National Highway Traffic Safety Administration (NHTSA) emphasized the urgency of the situation, urging owners to immediately stop driving these cars. The “Do Not Drive” alert specifically applies to 83,920 cars, including models such as the 2002-2006
Stellantis, the parent company of Jeep, has ambitious plans to introduce a $25,000 all-electric Jeep vehicle to the U.S. market in the near future. This move is aimed at appealing to mainstream consumers and accelerating the adoption of electric vehicles, which has been slower than expected. The CEO of Stellantis, Carlos Tavares, recently shared this
Abercrombie & Fitch shocked the retail world with its exceptional first-quarter performance, marking its strongest quarter in history. The company reported a remarkable 22% increase in sales compared to the previous year, with profits soaring nearly seven times higher than anticipated by Wall Street analysts. This unprecedented success has propelled Abercrombie & Fitch as a
Clean Energy Ventures has recently raised $305 million for their second fund, showcasing a growing appetite for companies focused on decarbonization in private markets. The oversubscribed fund, with an initial target of $200 million, attracted interest from limited partners like The Grantham Foundation, Builders Vision, and Carbon Equity, leading to a higher raise than anticipated.
