On Tuesday, an overwhelming 98% of unionized baristas at Starbucks voted to authorize a strike, signaling a critical juncture in their quest for a binding contract with the coffee giant. This striking decision reflects not only the frustrations felt by the workers but also a deeper narrative of labor rights and the ongoing struggle against
Business
In recent years, family offices have increasingly turned to direct investments in private companies, viewing this strategy as a means to achieve superior returns typically associated with private equity. The 2024 Wharton Family Office Survey sheds light on this trend, indicating that direct deals are becoming a prominent component of family office investment portfolios. However,
The landscape of airline travel has drastically changed in the aftermath of the COVID-19 pandemic. What was once a straightforward hierarchy of seating categories has now involved an intricate balance of price, demand, and consumer preferences. Passengers have expressed an increasing desire for more spacious seating, leading airlines to rethink their strategies. Gone are the
The recent loss of Brian Thompson, former CEO of UnitedHealthcare, has not only shocked the health-care industry but also brought urgent issues surrounding the American health-care system into focus. Andrew Witty, who currently leads UnitedHealth Group, took to the New York Times to express his sorrow and provide an unvarnished critique of the existing health-care
In a strategic move aimed at enhancing operational efficiency and promoting sustainable growth, Warner Bros. Discovery announced a major restructuring plan on Thursday. By delineating its operations into distinct linear and streaming units, the company seeks to streamline its business model and better position itself within an increasingly competitive media landscape. This decision comes at
In a significant move reflecting a shift in regulatory oversight, the Consumer Financial Protection Bureau (CFPB) has officially introduced a rule aimed at curtailing the exorbitant overdraft fees that American banks have historically imposed on consumers. Announced this past Thursday, the rule seeks to alleviate the financial burden on millions of Americans, projecting annual savings
As the U.S. automotive industry approaches 2025, there seems to be an emerging air of optimism among auto dealers, significantly shaped by the political landscape. The recent presidential election has acted as a catalyst for many dealership owners who are now showing increased confidence in the market. The anticipated policies from President-elect Donald Trump are
The recent shooting of Brian Thompson, CEO of UnitedHealthcare, has sent shockwaves throughout the health insurance sector and beyond. Thompson was tragically killed outside a Hilton hotel in midtown Manhattan, just as he was preparing for an important investor day for UnitedHealth Group. His death, attributed to 26-year-old Luigi Mangione—who reportedly harbored strong criticisms of
In a landscape characterized by fierce competition and evolving consumer behaviors, Macy’s Inc. faces mounting pressure from activist investors aiming to reshape its corporate strategy. Recently, activist investor Barington Capital disclosed its stake in Macy’s, urging the retail giant to implement cost-cutting measures, evaluate the potential divestiture of luxury brands, and reassess its substantial real
The recent death of UnitedHealthcare CEO Brian Thompson has reverberated throughout the business community, igniting serious discussions about workplace safety and the inherent risks faced by business leaders today. This tragic incident, occurring during what should have been a routine, albeit important, investor event, raises critical questions about corporate responsibility and the measures necessary to