Corporate news, financial markets, and economic trends
To become the exclusive issuer of the airline’s co-branded credit cards, American Airlines is in advanced negotiations with Citigroup, which might mean the end of the airline’s long-standing relationship with Barclays. American Airlines aims to increase the profitability of its AAdvantage loyalty program and streamline its credit card operations, which is why it made this…
Launched on September 13, 2024, the strike marks a pivotal point in the history of the massive aerospace firm and the machinists. Voting strongly against Boeing’s offer in the contract were over 33,000 machinists who are members of the International Association of Machinists and Aerospace Workers. Workers have walked off the job and shut down…
The rate cuts by the Federal Reserve have been followed by recent record highs in the Dow Jones and S&P 500, an addition to the value of 401(k) portfolios. As the cost of borrowing decreases further, so do more chances of investing and growth for companies, bringing with it higher stock prices to benefit your…
It is likely that Elliott Hill, the seasoned staff member at Nike with 32 long years history, will take over from the CEO of Nike, John Donahoe, as stocks fall. The board of Nike went public with significant leadership change this week, as John Donahoe is leaving the chief’s chair after years of helm. On…
According to the most recent U.S. GDP, Latinas made contributions totaling over $1.3 trillion, which had a significant effect on the country’s economy. Latinas’ economic contributions to the United States economy received strong attention in 2024, casting light on how significantly Latinas play a role in the country’s economy. According to a new report termed…
2024 has not been a good year for Britain since issues related to its trade with Europe are getting worse as Brexit is ‘choking.’ 2024 reports say that Brexit has increasingly continued to strangle ‘retail import and export sales volume between the United Kingdom and the European Union, as the worst is seen by analysts…
According to news reports, Alice Walton regains her seat as the world’s richest woman for 2024 and places her at an estimated worth of more than $95 billion. That left Walton the new head of the charts above Francoise Bettencourt Meyers who briefly earned the title after turning out to be the first woman in…
Presidential candidate Donald Trump has announced to launch a new cryptocurrency, adding a new business to every growing family business. Donald Trump has just recently entered the fast-growing arena of cryptocurrency by launching a new family business called World Liberty Financial. Donald’s sons, Donald Trump Jr. and Eric Trump, will spearhead investing in the rapidly…
A landmark legal victory bars Navient from federally servicing student loans and makes it pay back borrowers an estimated $100 million for various problematic practices over the years, according to this settlement orchestrated by the Consumer Financial Protection Bureau. The settlement with the consumer financial watchdog follows months-long litigation that has accused the company of…
Asian markets were mixed on Monday following a Hong Kong market fall in reaction to investors’ negative reaction to weaker-than-expected economic data from China. Hong Kong stocks have fallen recently, which have negatively reacted to weaker-than-expected economic data from China. This fall is accompanied by expectation for the upcoming rate decision of the Federal Reserve…
