Boeing CEO Dave Calhoun is set to appear before a Senate panel on June 18 to respond to whistleblower claims and address concerns about the quality control practices at the aerospace company. This hearing comes at a critical time for Boeing as it faces a safety crisis and strives to rebuild public trust and reaffirm
Lululemon, the popular athletic apparel retailer, is facing challenges in its largest market, the Americas. In its latest earnings report, the company revealed flat comparable sales in the region and issued weak guidance for the current quarter. While Lululemon exceeded Wall Street’s earnings estimates, its revenue fell short of expectations. The company’s full fiscal year
Boeing made history on Wednesday with the launch of its first Starliner flight carrying astronauts. The spacecraft, which was carried by United Launch Alliance’s Atlas V rocket, took off from Cape Canaveral, Florida bound for the International Space Station. This crucial final flight test aims to certify the Starliner system as capable of transporting NASA
American Airlines CEO Robert Isom has taken a bold step by offering flight attendants an immediate 17% wage increase amidst ongoing contract negotiations. The airline and the Association of Professional Flight Attendants have hit a standstill in reaching a new contract agreement, primarily due to disagreements on major issues such as pay. This move comes
Walmart, the retail giant and largest private employer in the nation, announced new training programs and certifications aimed at filling high-demand roles within the company, such as HVAC technicians, opticians, and software engineers. In addition to these career advancement opportunities, Walmart also unveiled a retention strategy involving bonuses of up to $1,000 per year for
Dollar Tree made a significant announcement, indicating that they are considering a sale of their grocery-focused Family Dollar brand. This decision comes on the heels of plans to close nearly 1,000 Family Dollar stores as part of a larger effort to revamp the struggling business. The discounter has already closed over 500 locations in the
Generation X has often been referred to as the “sandwich generation” due to the dual responsibilities of caring for both their aging parents and adult children while also managing their own financial goals and aspirations. This generation faces a unique set of challenges when it comes to balancing life and finances, leading to stress and
When it comes to saving for retirement, investing as soon as possible is key to maximizing growth over time. However, there is a potential pitfall that many employees may encounter if they max out their 401(k) contributions too early in the year – missing out on their employer match. This could result in significant losses
Barry Sternlicht, the chairman and CEO of Starwood Capital Group, recently faced backlash over his decision to limit investor withdrawals from his real estate fund. In a recent interview on CNBC’s “Squawk Box,” Sternlicht defended his controversial move, attributing it to the current market conditions and investor behavior. Reasoning Behind the Decision Sternlicht explained that
As mortgage interest rates have increased to the highest levels since early May, there has been a noticeable impact on mortgage demand. Total mortgage application volume fell by 5.2% last week, compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with