Spirit Airlines is in a tight spot. The budget airline filed for Chapter 11 bankruptcy late last year. Now, the big decision-makers are the bondholders, like Ken Griffin's Citadel. They hold the purse strings and will decide if Spirit gets the money it needs to keep flying or if it's game over. The
A heated debate is unfolding in Washington, D. C. , as lawmakers consider changing rules to allow cryptocurrencies in 401(k) retirement accounts. On one side, the crypto industry sees this as a chance to open up new investment opportunities. On the other, labor unions are raising concerns about the
A federal judge in San Francisco recently stepped in to halt the mass firings of federal probationary employees. This decision came as a relief to labor unions and organizations who had sued to stop the Trump administration’s aggressive workforce reduction plans. The judge’s ruling specifically targ
In a bold move, a bunch of labor unions are taking legal action to stop billionaire Elon Musk from getting a peek at private data in key U. S. government agencies. The draft lawsuit is in a Maryland court and accusing the former administration of breaking federal privacy rules. The drama started wh
During a visit to Washington, D. C. , just before President Donald Trump's inauguration, Stellantis Chairman John Elkann revealed the company's fresh plans for the U. S. These include creating 1, 500 new jobs and reopening a plant in Illinois to manufacture a new midsize pickup truck by 2027. Additi
Imagine this: thousands of workers at Costco warehouses might walk off the job on February 1. Why? Because 18, 000 employees, part of the Teamsters union, have voted to authorize a strike. They're unhappy with Costco's response to their proposals on wages, benefits, and policies like seniority pay a
Before the election, some labor unions attempted to build a positive relationship with Donald J. Trump. It seems their efforts might be paying off. Recently, President-elect Trump expressed his support for the International Longshoremen’s Association, which represents dockworkers along the East and
You might be surprised to hear that a big union like the Teamsters didn't pick a side in the last election. They didn't back a Democratic or Republican candidate, which is pretty unusual. Instead, they asked both parties if they could speak at their events. Only the Republicans said yes. Once Trump
The sudden halt of operations at major ports along the Atlantic coast has thrown the Biden administration into a delicate balancing act. Thousands of longshore workers, represented by the International Longshoremen's Association, have walked out in protest over wages and job protections. The dispute
The International Longshoremen's Association (ILA) is planning to go on strike, starting Tuesday, if a deal isn't reached by the end of Monday. The union is demanding higher wages and a total ban on automation at ports. But is this a reasonable request? Automation is changing the way we live and wor
