Southwest Airlines Pauses Corporate Hiring Most Summer Internships to Cut Costs
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Spike in UK borrowing costs raises specter of public spending cuts
Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.CNBC - 1d -
China corporate profits set for third year of declines
Oversupply drives intense competition that is undermining prices and profitabilityFinancial Times - 1d -
UK companies plan to invest in AI instead of hiring staff as costs rise
A new poll says 51 per cent of business leaders aim to redirect investment this yearFinancial Times - 1d -
6.2 magnitude earthquake strikes southwest Mexico
The tremor was about five miles from Coalcoman de Vazquez Pallares, a municipality of around 20,000 people about 372 miles west of Mexico City.CBS News - 2d -
Major corporations are rushing to issue bonds as Treasury yields spike
Higher bond yields are spooking stocks, but retirees are helping to drive demand for annuities and corporate debt.MarketWatch - 3d -
As Delta Reports Profits, Airlines Are Optimistic About 2025
The industry is enjoying a strong demand for tickets and rising profits, but it remains vulnerable to unexpected problems like a recession or a surge in inflation.The New York Times - 3d -
Meta and Amazon axe diversity initiatives joining US corporate rollback
The companies are among the latest major corporations to alter their diversity programmes since Trump's re-election.BBC News - 3d -
Airlines extend travel waivers due to LA wildfires
Airlines are waiving change fees and fare differences for Los Angeles-area flights due to wildfires.CNBC - 4d -
Walgreens shares soar 27% on big earnings beat, as drugstore chain cuts costs
Walgreens maintained its fiscal 2025 adjusted earnings guidance, but did not include a sales outlook in its release.CNBC - 4d -
The Costs of the Los Angeles Fires
Damages are now estimated to reach up to $57 billion. The blazes add to a string of climate-related catastrophes hitting businesses and homeowners.The New York Times - 4d -
Sainsbury's raises pay but is cautious on hiring
The supermarket chain will lift wages to £12.60 but expects costs to increase after Budget measures.BBC News - 4d -
L.A. wildfires to cost insurers more than $20 billion. Three companies are likely to foot most of the bill.
Allstate, Chubb and Travelers are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market.MarketWatch - 4d -
12 coal miners trapped after mine collapses in southwest Pakistan
Officials say a methane gas explosion has caused a mine to collapse in a remote area in restive southwest Pakistan, trapping at least 12 minersABC News - 4d -
Evening Report — Washington pauses to honor Carter, but tough battles lie ahead
{beacon} Evening Report Thursday, Jan. 9 © Greg Nash DC unites for Carter farewell, but tough battles ahead THE POLITICAL BATTLES IN WASHINGTON paused for a moment on Thursday, as past, current ...The Hill - 5d -
Starmer aide to receive dividends from corporate advisory firm Hakluyt
Varun Chandra still holds majority of his previous stake in the group despite joining Downing Street in JulyFinancial Times - 5d -
Tampa Bay Rays top prospects 2025: In-flux team poised to revamp roster once again with mid-summer arrivals
The Rays system is ready to go with up-and-coming talent, but there are still question marksCBS Sports - 5d -
Private-sector hiring slows: ADP
Hiring in the U.S. private sector and pay growth slowed down in December last year across several industries, according to a report released on Wednesday. The Always Designing for People (ADP) ...The Hill - 5d -
Corporate borrowers kick off 2025 with record-setting $83bn bond bonanza
Issuers pounce on surging investor demand for debt before Donald Trump returns to the White HouseFinancial Times - 5d -
Albertsons leans on technology and cost cuts to go it alone — but faces this near-term hurdle
With no Kroger merger to rely on, grocery chain Albertsons said it would lean into an array of initiatives to drive growth.MarketWatch - 5d -
Source: Galatasaray eye summer Gündogan move
Galatasaray are plotting a summer move for Manchester City midfielder Ilkay Gündogan, a source has told ESPN.ESPN - 6d -
Tips for cutting down winter heating costs and electricity bills
From setting your thermostat between 68 and 70 degrees to properly sealing your home, NBC’s Vicky Nguyen joins TODAY to share ways you can save on home heating and electricity bills during the ...NBC News - 6d -
Chinese airlines rush into Europe as western carriers retreat
Ability to keep flying over Russia helps three big state-owned carriers undercut European rivalsFinancial Times - 6d -
FirstFT: US corporate bankruptcies hit 14-year high
Also in today’s newsletter, Trump reiterates ambition to buy Greenland and Wall Street’s top regulator steps downFinancial Times - Jan. 7 -
Tottenham extend Son Heung-min’s contract to avoid free summer transfer
One-year option triggered in forward’s deal to 2026 Move prevents Son from lining up pre-contract deal Tottenham have triggered the one-year option on Son Heung-min’s contract to ensure he ...The Guardian - Jan. 7 -
Your Customers Are Costing You Dearly
The customer is not always right. And some of them are more expensive than they’re worth.Inc. - Jan. 7 -
Alaska's snow crab season is back after pause, but uncertainty looms
Biologists blamed the rapid decline of snow crab on a 2018 climate-fueled heatwave. Some fishermen are still reeling as they face a murky future.CBS News - Jan. 6 -
NWSL 2025 schedule framework: Championship game set for Nov. 22, summer break for international tournaments
CBS is the home of the NWSL ChampionshipCBS Sports - Jan. 6 -
Fed has hit the pause button for rates, and may only cut once this year, experts say
The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco ...MarketWatch - Jan. 6 -
What went wrong for Spirit Airlines?
Spirit Airlines hasn't had a profitable year since 2019, and it's lost more than $2 billion since 2020. It filed for bankruptcy protection in November.CNBC - Jan. 5 -
These airlines were the most on time in 2024, analysis finds
Delta ranked highest among U.S. carriers despite a computer outage in July that caused thousands of cancellations.CBS News - Jan. 3 -
America needs a real challenger to corporate greed, not conspiracy-riddled RFK Jr.
We need more policy leaders who are genuinely committed to challenging corporate power without harmful quackery.The Hill - Jan. 3 -
'Unprecedented': The most punctual global airline last year was 'absolutely' a surprise, analytics firm CEO says
Aeromexico, Saudia and Delta Air Lines were the most on-time global airlines in 2024, according to a report by aviation company Cirium.CNBC - Jan. 3 -
Hiring Is Broken. And Not in the Way You Think
As hiring ramps up in 2025, managers and job seekers alike face a hopeless clusterf***k.Inc. - Jan. 3 -
Carvana slammed by Hindenburg, and the stock pauses its meteoric rise
Carvana Co. stock closed about 2% lower on Thursday after a scathing short-seller report called the company’s turnaround a “mirage,” after initially adding to gains that have topped 300% in the ...MarketWatch - Jan. 3 -
DOJ Takes the Dizzying Corporate Transparency Act Saga to the Supreme Court
The anti-money laundering law has been volleyed back and forth at the appeals level. Should businesses comply with its reporting requirements anyway?Inc. - Jan. 2 -
These airlines were the most on time in 2024
Supply chain issues and strong travel demand continued in 2024.CNBC - Jan. 2 -
Neil Young shuns Glastonbury over 'corporate control'
The rock star says the festival, which is partnered with the BBC, is "now under corporate control".BBC News - Jan. 2 -
Passengers Say Turkish Airlines Flights Have Bedbugs
Passengers on several of the carrier’s flights said the biting pests were on seats, blankets and in overhead bins and that the airline did not take action.The New York Times - Jan. 1 -
Secrets of an airline points millionaire
How far will you travel to collect Avios and EuroBonus points in 2025?Financial Times - Jan. 1