Starbucks and the union representing its baristas, Workers United, are set to meet once again to resume contract negotiations after a long-standing stalemate. This development comes after both parties announced in February that they had found a “constructive path forward” during mediation discussions related to a dispute over the union’s use of Starbucks’ branding. This
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As Ford Motor prepares to announce its first-quarter earnings after the markets close on Wednesday, there is anticipation surrounding the financial results. Analysts are projecting earnings per share of 42 cents adjusted and automotive revenue of $40.10 billion. These estimates represent a 2.6% increase in revenue from the previous year but a significant 32.9% decline
Over the course of the last week, mortgage rates have seen a steady increase, reaching levels that haven’t been seen since November. This rise in rates has resulted in a 2.7% decrease in mortgage application demand compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances has
U.S. prosecutors are pushing for former Binance CEO, Zhao, to receive a harsher sentence than the recommended guidelines. They are requesting a 36-month prison term for charges related to enabling money laundering. This sentence is significantly higher than the advisory range of 12 to 18 months usually provided for such offenses. The allegations against Zhao
French luxury group Kering suffered a significant blow as its shares plummeted over 9% following a profit warning. The company anticipates a sharp decline of 40% to 45% in first-half operating income, compared to the previous year. This warning attributed to diminishing demand for its flagship brand, Gucci, is a major setback for the renowned
Roche, a Swiss pharmaceutical company, recently released its first-quarter sales report, revealing a modest uptick in sales despite facing challenges related to the Covid-19 pandemic. The company reported a 2% increase in sales at constant exchange rates, driven by higher demand for its newer medicines and diagnostics. However, when sales were calculated in the company’s
Boeing is facing significant challenges following the midair loss of a door plug from a 737 Max 9 plane in January. This incident has not only led to a halt in production but has also resulted in a series of safety concerns and federal scrutiny. As the company prepares to release its quarterly report, analysts
E.W. Scripps, a prominent local TV broadcaster in the United States, is currently exploring the possibility of selling Bounce TV, its free over-the-air network catering to African American viewers. The decision to evaluate inbound interest in acquiring Bounce TV has been driven by the growing interest expressed by potential buyers, many of whom have approached
President Joe Biden’s latest attempt at student debt relief has faced scrutiny after his initial plan was blocked by the Supreme Court last summer. The U.S. Department of Education has outlined a new relief package that aims to target specific groups of borrowers in order to withstand legal challenges. This article will delve into the
The federal tax deadline of April 15 has come and gone for most filers, and if you missed it, experts urge you to take immediate action. Filing your return and paying your balance as soon as possible is crucial to avoid accruing additional penalties and interest. The IRS emphasizes that until you file and pay