By Nathalie Voit Delta is giving its customers the option to change their flights at no cost ahead of an “operationally challenging” Fourth of July weekend, a staff writer for Delta wrote on June 28 in a blog post. According to the news release, the Atlanta-based airline is issuing a systemwide fare difference travel waiver for July 1-4, [...]
By Nathalie Voit The auto industry experienced its worst year on record for new-vehicle quality in 2022, automotive analytics firm J.D. Power said on June 28 in a press release. According to J.D. Power's 2022 Initial Quality Study (IQS), an annual survey that tracks new-car owner satisfaction based on the number of problems experienced per 100 vehicles (PP100) [...]
By Nathalie Voit Major American companies like Amazon, Rite Aid, and Walmart are placing purchase limits on emergency contraceptives in the wake of last week’s controversial Supreme Court ruling overturning Roe v. Wade. Big-name pharmacy chains like Rite Aid said on June 28 that they are limiting sales of Plan B contraceptive pills to three [...]
By Nathalie Voit Global tech firm IBM said only one-fifth of its workforce is in the office three or more days a week, CEO of IBM Arvind Krishna told a CNBC correspondent at the Aspen Ideas Festival on June 27. Talking to CNBC’s Sara Eisen on Monday, Krishna said he could not envision a scenario in which [...]
By Nathalie Voit United Airlines will increase pilot pay amid a severe shortage of professional aviators, the Air Line Pilots Association (ALPA), the union representing United pilots, said on June 24. According to a two-year deal negotiated by ALPA, pilots at United Airlines will receive a 14.5% pay increase doled out in three separate increments [...]
By Nathalie Voit The Department of Education on June 22 agreed to cancel around $6 billion in debt for some 200,000 borrowers who filed a class-action lawsuit against the agency back in 2019. The lawsuit, Sweet v. Cardona, was first filed in a California federal district court in June 2019 by seven students on behalf of [...]
By Nathalie Voit Netflix implemented its second round of staff cuts on June 23, just one month after the company let go of 150 employees in the wake of a disappointing first-quarter earnings report. In a statement verified by CNBC, the streaming giant said it had laid off about 300 employees on Thursday, or about 3% of its [...]
By Nathalie Voit The median sales price of a home in the U.S. soared above $400,000 for the first time in May as sales of existing homes tumbled amid rising mortgage-interest rates, the National Association of Realtors (NAR) said on June 21 in a press release. According to NAR data, sales of previously owned homes [...]
By Nathalie Voit The Food and Drug Administration (FDA) ordered JUUL to stop the sale of its flavored e-cigarettes in the U.S., according to a news release posted by the agency on June 23. The ruling affects all of JUUL’s products on the U.S. market, including the company’s JUUL vaping device and four types of [...]
By Nathalie Voit New data from Moody’s Analytics revealed red-hot inflation is costing Americans hundreds of extra dollars each month. Four-hundred and sixty dollars, to be exact. That’s according to a recent Moody’s weekly market report that compared the average inflation rates in 2018 and 2019 against today’s sky-high rates. Economists at Moody’s came up [...]
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