BUSINESS

Nov 01 2024BUSINESS

Job Numbers Mix-up: Strikes, Storms, and What's Really Going On

October's job numbers release before the election is raising some eyebrows. We've seen striking aerospace machinists and hotel workers, like 41, 400 new striking workers mostly from Boeing, and voice actors in the video game industry. Boeing's hit hard, planning to cut 17, 000 jobs, or 10% of their

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Nov 01 2024BUSINESS

Job Growth Slows in October: What's the Story?

October saw the slowest job growth since late 2020, with only 12, 000 new jobs created. That's a big drop from September and way below what experts were expecting. The unemployment rate stayed the same at 4. 1%, but a broader measure that includes people who want jobs but aren't actively looking als

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Nov 01 2024BUSINESS

New Business Class Boost: Cathay’s Latest 777 Update

Imagine sinking into a cozy, private suite on your next flight. That's just what Cathay Pacific is offering with their revamped Boeing 777 business class, known as Aria Suites. After six years of work, including a pandemic pause, these suites are finally taking flight. By the end of 2027, all 30 pla

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Nov 01 2024BUSINESS

UK Adds Steep ‘Business Class Tax’ for Long-Haul Flights

Travelers from Australia to the UK will soon face a higher ‘flight tax’ when leaving, especially if they're in business or first class. The UK's Air Passenger Duty (APD), a tax that started small in 1994, has been going up. The latest boost, announced by the new Labour government, hits premium seats

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Nov 01 2024BUSINESS

Small Businesses: Winners No Matter Who Wins the Election?

Both Democrats and Republicans are courting small business owners ahead of the election. With a high trust rating and employing nearly half of the private sector workforce, small businesses are a significant player. However, owners are uncertain about the election's impact. Small business confidenc

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Nov 01 2024BUSINESS

Inflation, Tariffs, and Small Businesses: A Look at the Impact

Small-business owners aren't thrilled about the idea of more tariffs. With former President Donald Trump hinting at higher tariffs if he returns to office, businesses like Virginia Beer Co. are worried about increased costs. Chris Smith, the co-founder, saw a 5. 5% surcharge on a supplier's bill aft

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Nov 01 2024BUSINESS

Wendy's: Shutting Down Old Stores, Opening New Ones

Wendy's is planning to close 140 of its restaurants in the next few months. But don't worry, they're not disappearing—the fast food chain is opening an equal number of new locations. The restaurants being shut down are old and in areas that aren't doing well financially, according to Wendy's CEO, Ki

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Nov 01 2024BUSINESS

AI Models Steal the Spotlight in Fashion Ads

Say goodbye to human models and hello to AI-generated glam bots! Fashion brands like Mango are jumping on the AI bandwagon to speed up ad creation. In July, Mango used these digital beauties in their ads, just before reporting record profits. They plan to use AI models for all future collections, ai

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Nov 01 2024BUSINESS

BYD's EV Sales Surge: Beating Tesla in Revenue

In a surprising turn of events, Chinese electric vehicle (EV) giant BYD has outshone Tesla in quarterly revenue for the first time. BYD's net profit soared by 11. 5% to $1. 63 billion in the third quarter, with total revenue hitting $28. 24 billion, a 24% jump from the same period last year. This im

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Nov 01 2024BUSINESS

Sun Country and Amazon: A New Chapter in Air Cargo

Sun Country Airlines, known for its hybrid low-cost model, is considering a new partnership with Amazon that could involve special charter flights for dedicated customers. This news came from Sun Country's CEO, Jude Bricker, during a call to discuss the company's financial results. Currently, Sun Co

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