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…
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…
