When considering the recent news of Capital One’s $35.3 billion takeover of Discover Financial, JPMorgan Chase CEO Jamie Dimon expressed a lack of concern over the increased competition that would result from this merger. Dimon emphasized the importance of healthy competition in the industry, stating, “My view is, let them compete. Let them try, and
Business
The trend of airlines increasing their prices for checked bags is becoming more common in the travel industry. United Airlines, American Airlines, and JetBlue Airways are among the carriers that have implemented this change. The cost of checking a bag varies depending on when the service is paid for, with higher fees for last-minute purchases
The recent achievement of a successful moon landing by Intuitive Machines has caused a significant surge in the company’s stock price. Shares of Intuitive Machines rose by 16% in trading following the historic landing of their Nova-C cargo moon lander, named “Odysseus”. This momentous occasion marked the first time a privately developed spacecraft has landed
Intuitive Machines, a Texas-based company, is gearing up to make history with their IM-1 mission. The mission aims to achieve the first American lunar landing since the Apollo era. Set to soft land near the moon’s south pole, the spacecraft, named “Odysseus”, is expected to touch down at around 6:24 p.m. ET. The company’s mission
Boeing recently announced that the head of its 737 Max program, Ed Clark, will be replaced following an incident where a panel blew out on one of the jet models during an Alaska Airlines flight. This led to a temporary grounding of the aircraft type and increased scrutiny on the operations of the plane maker.
Recently, a coalition of unions has taken on Starbucks, challenging its human capital management strategy and calling for significant changes within the organization. The Strategic Organizing Center (SOC) has raised concerns about the company’s response to the union movement, criticizing its approach to labor relations and its impact on both employees and shareholders. The SOC’s
Bridgit Mendler, known for her roles in Disney Channel shows and hit songs, is now venturing into the space industry with a groundbreaking idea. Instead of focusing on building rockets or satellites, Mendler’s startup, Northwood Space, aims to mass-produce ground stations to revolutionize the way satellite data reaches the ground. Breaking Down Barriers in Space
In a recent statement released by JetBlue Airways, it was announced that Carl Icahn has successfully secured seats on the board of directors. This comes after Icahn disclosed a nearly 10% stake in the New York-based airline and expressed his interest in board representation. The two new directors appointed are Jesse Lynn, the general counsel
Starbucks, the renowned coffee giant, has recently introduced a brand new store design that prioritizes accessibility and inclusion. This exciting development aims to provide a welcoming and inclusive environment for all customers, including those with disabilities. The first cafe showcasing this innovative design was launched in Union Market, Washington, D.C. on Friday. Sara Trilling, the
A recent study conducted by the New York Federal Reserve revealed an astonishing fact: younger generations have experienced a significantly faster growth in wealth compared to their older counterparts since the pandemic began. The study shows that the total wealth of Americans under the age of 40 soared by a staggering 80%, reaching an impressive