Alaska Airlines flight attendants made a bold move by rejecting a new labor deal that would have brought immediate raises averaging over 24%. The decision was announced by their union on Wednesday, signaling a potential roadblock in the ongoing negotiations between the two parties. Initially, the union and the company had reached a tentative agreement
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The recent construction boom in the United States has had a significant impact on the rental market, leading to lower rents and other benefits for renters. With a record level of construction activity since the pandemic, the supply of empty units has increased, resulting in more inventory being available for renters across the country. According
Former President Donald Trump has suggested a significant change to Social Security, proposing an end to taxes on benefit income. This proposal aims to alleviate the burden on seniors, allowing them to retain more of their monthly checks. However, the critical flaw in Trump’s plan is the absence of a concrete strategy to compensate for
Starbucks has recently announced their incoming CEO and Chair, Brian Niccol, who is set to take over the leadership position on September 9th. Niccol’s compensation package includes a significant pay bump and hefty one-time awards as an incentive for leaving his prior role as chief executive at Chipotle Mexican Grill. Niccol’s pay plan at Starbucks
As the economy continues to face uncertainties, financial advisors emphasize the importance of having a sufficient amount of emergency savings set aside. Despite some positive indicators, such as second-quarter economic growth, a significant portion of Americans mistakenly believe that the U.S. is currently in a recession. While some financial institutions have raised recession forecasts, others
Norway’s Government Pension Fund Global recently announced a staggering profit of 1.48 trillion kroner ($138 billion) for the first half of the year. This massive profit was primarily fueled by the robust returns on its investments in technology stocks. The fund, valued at 17.75 trillion kroner at the end of June, reported an overall return
Sergio Ermotti, the CEO of UBS, recently discussed his views on market volatility and the potential for increased intensity in the second half of the year. He pointed out that while there is a possibility of a slowdown in the U.S. economy, he does not believe a recession is imminent. The sharp sell-offs experienced in
Homeowners today are sitting on an impressive $17 trillion in equity, marking an average gain of $28,000 compared to the previous year. This equity represents a valuable asset that can be tapped into for various financial needs, making it a significant source of wealth for many individuals. Despite the substantial value it holds, experts like
Home Depot, the leading home improvement retailer, recently reported quarterly results that exceeded expectations. However, the company also issued a caution that sales in the latter part of the year might be weaker than anticipated. This warning was attributed to the impact of high interest rates and consumer uncertainty, which have both contributed to a
The recent appointment of Brian Niccol as the new CEO and Chairman of Starbucks has been met with a wave of optimism on Wall Street. The decision to replace Laxman Narasimhan, who had been struggling to navigate the company through challenging times, with Niccol is seen as a strategic move to breathe new life into