Boeing has had a tumultuous year, marked by a series of setbacks including safety incidents, executive departures, and declining stock prices. Now, the company’s decision to dismantle its DEI department has sparked further controversy. Sara Liang Bowen’s departure as Boeing’s head of DEI highlights the personal and professional toll of these decisions. In a heartfelt […]
The U.S. Postal Service on Thursday said its annual loss widened to almost $10 billion, although revenue rose slightly after two postage rate hikes this year, part of Postmaster Louis DeJoy’s plan to get the postal agency on a better financial footing. The USPS said it lost $9.5 billion in the fiscal year ended September […]
Everyone likes to think that they are the best person for their job and no one else could possibly do it better. But, as it turns out, out of all the different generations, baby boomers think they are the most valuable workers. A new survey conducted by Talker Research between October 21 and 24 has […]
Donald Trump has promised to impose tariffs on imported goods as part of his economic agenda in his second term. While China stands to be punished the hardest, other countries, including U.S. allies, are also set to be impacted. The president-elect ran on a pledge to use tariffs to boost American businesses, with up to […]
Inflation rose two-tenths of a percentage point to 2.6% for the year ending in October, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index, the first rise in annual inflation in six months. The increase is unwelcome news for the economy and President-elect Donald Trump as he prepares to […]
Grocery store owners clapped back after Whoopi Goldberg on ABC’s “The View” called them “pigs” over food inflation — and raised concerns that the name-calling could expose store owners to further violence, The Post has learned. The comedian claimed “the folks that own the groceries are pigs” as she blamed them for rising prices at […]
Donald Trump’s projected victory at the polls is giving a fresh boost to stocks. Dow futures soared nearly 1,400 points, or 3.2%, lifting the blue-chip market into record terrain before the start of trade on Wednesday. S&P 500 futures were up more than 2%, while the tech-heavy Nasdaq Composite also looked set to open strong. […]
In September this year, Tupperware Brands filed for bankruptcy in a Delaware court as demand fell, losses mounted, the stock slumped and debt rose. Tupperware revolutionized food and kitchen storage in the latter half of the 20th century and became a household name. The company adopted a direct-selling business model, in which independent consultants, the […]
Wendy’s is closing 140 restaurants in the coming months, the fast food chain announced this week. But the company said it would open an equal number of new locations in areas it believes can generate better business for Wendy’s. The restaurants targeted to close are “outdated and located in underperforming” areas, Wendy’s CEO Kirk Tanner […]
Ford Motor Co. is idling its plant in Dearborn producing all-electric F-150 Lightning pickup trucks starting in mid-November into next year, the Dearborn automaker confirmed on Thursday. “We continue to adjust production for an optimal mix of sales growth and profitability,” spokesperson Jess Enoch said in a statement. U.S. Lightning sales are up 86% year-over-year, […]
Boeing (BA.N), opens new tab factory workers voted to reject a contract offer and continue a more than five-week strike on Wednesday, in a blow to new CEO Kelly Ortberg’s plan to shore up the finances of the struggling planemaker.The vote was 64% in opposition to the deal, which offered a 35% rise in wages […]
PepsiCo is unshrinking shrinkflation. The owner of Lay’s, Doritos, Tostitos and Ruffles chips will put more chips in some bags to claw back customers tired of higher prices with skimpier bags. Shoppers have balked at downsized chips, cookies, paper towels and other products, widely known as shrinkflation, and turned to cheaper options or stopped buying […]
