American Airlines recently announced its first-quarter earnings outlook, and it’s not what Wall Street was hoping for. The airline expects a bigger loss than expected, with a forecast of 20 to 40 cents per share, which is quite a bit more than the 4 cents analysts were bracing for. The reason? Lower
CNN is shaking things up. It's letting go of about 200 people, which is about 6% of its workforce. But there's a silver lining. The network is pouring $70 million into its digital future. They're planning a new streaming service and want to grow their digital business. This is a big deal because peo
Newly elected US President Donald Trump kicked off his term with a bang. He announced a $100 billion plan to fund artificial intelligence (AI) infrastructure. The plan had some big tech players on board, like OpenAI, SoftBank Group Corp. , and Oracle Corp. But there was a surprise name in the mix—MG
At the World Economic Forum, President Trump sent a clear message to global leaders: invest in American manufacturing and enjoy low taxes, or face tariffs. He touted his administration's actions and promised changes based on what he saw as his mandate from the American public. Trump also suggested t
The annual World Economic Forum in Davos, Switzerland, brings together top business leaders to discuss global issues. This year's speakers included Chinese Vice Premier Ding Xuexiang and European Central Bank President Christine Lagarde. U. S. President Donald Trump is set to speak remotely on Thurs
The Dassault Falcon 6X is a buzzworthy business jet that's been turning heads since its introduction in late 2023. This French-made marvel, a stretched version of the Falcon 5X, entered service after a few hiccups with its initial engine choice. But with its new Pratt & Whitney engines, it's ready t
China introduced long-term care (LTC) insurance in 2016, aiming to reduce risks for those needing long-term care. This policy's impact on workers with and without informal coverage was examined. Workers eligible for public LTC insurance reduced their work hours and labor participation, suggesting th
You might have heard some rumors about job cuts at CNN and NBC News. These two big news outlets are planning to lay off many workers soon. CNN's boss, Mark Thompson, is set to make an announcement on Thursday. This isn't good news for the employees, who were recently told to avoid showing too much f
Fifty years ago, two families in South Korea teamed up to create a zinc powerhouse called Korea Zinc. The Choi family managed the new venture, while the Chang family led the parent company, Young Poong. This unique setup was called “two families under one roof. ” Both families agreed to respect each
Chicago's media landscape is seeing significant changes. Chicago Public Media, the organization behind the Chicago Sun-Times and WBEZ, is making some tough decisions to stay afloat. They recently announced voluntary buyouts for journalists at the Sun-Times and business employees at WBEZ. This move c
