Customers exit a Target store on November 20, 2024 in Austin, Texas. Brandon Bell | Getty Images Target on Friday said it’s rolling back diversity, equity and inclusion programs — including some that aim to make its workforce and merchandise better reflect its customers. In a memo sent to its employees, the Minneapolis-based retailer said […]
Target rolls back DEI initiatives, the latest big company to retreat Read More »
Silas Stein | Picture Alliance | Getty Images American Express’s affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing down from a 7% growth rate early in the year to
Travelers walk through O’Hare International Airport in Chicago on Dec. 20, 2024. Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform Hopper this month said domestic “good deal”
Airlines flex pricing power, signaling higher fares in 2025 Read More »
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington. Lindsey Wasson | Reuters Boeing on Thursday released preliminary fourth-quarter financial results that were impacted by a nearly two-month labor strike and a new labor agreement last year,
Boeing details losses from labor strike, new contract Read More »
Adrian Brody in “The Brutalist” Source: A24 Two films facing controversy over their use of artificial intelligence led the nominees for the Academy Awards announced Thursday. “The Brutalist,” a drama about a Hungarian-Jewish architect who survives the Holocaust and flees to the U.S., garnered 10 nominations, while “Emilia Pérez,” a musical centered on a transgender
UnitedHealthcare (UHC) health insurance company signage is displayed on an office building in Phoenix, Arizona on July 19, 2023. Patrick T. Fallon | Afp | Getty Images UnitedHealthcare on Thursday tapped company veteran Tim Noel as its new CEO following the targeted killing of its former top executive, Brian Thompson, in Manhattan in December. Noel
A view of a Shein pop-up store at a mall in Singapore April 4, 2024. Edgar Su | Reuters Shein’s ultra-cheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are “applied equally,” the company’s executive chairman Donald Tang said on Thursday. “Affordability is a big anchor. … It’s the whole
Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty Images Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ Dollars increasingly
Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024. Justin Sullivan | Getty Images Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday. The layoffs will impact employees at Adidas’s headquarters
Adidas to cut up to 500 jobs after posting better-than-expected holiday profits Read More »
The WNBA has a salary problem, and it’s “blatantly unfair to its players,” according to top sports agent Jeff Schwartz. Schwartz, who founded and runs Excel Sports Management, told Alex Sherman in a CNBC Sport interview that something has to change when it comes to compensation in the women’s basketball league. “It’s ridiculous what women
Top sports agent says WNBA salaries are ‘blatantly unfair’ to players Read More »
