Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year. The Wall…
Category:
Business
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At the beginning of the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But…
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Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy. The retailer, citing worse-than-expected sales, issued a “going concern”…
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The Federal Trade Commission proposed a new rule Thursday to ban the use of noncompete clauses in worker contracts, a change that would…
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Business
American Airlines faces penalties for punishing flight attendants who reported toxic cabin fumes
American Airlines illicitly retaliated against flight attendants who reported toxic fumes entering airplane cabins, according to an investigation by the Occupational Health and…
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Business
Peloton to pay $19M fine for failing to report treadmill hazards and selling recalled equipment
Peloton has agreed to pay a penalty of more than $19 million after the Consumer Product Safety Commission said the exercise company failed…
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Popular cryptocurrency exchange Coinbase announced an agreement Wednesday to pay $50 million to resolve a New York investigation into lapses concerning its anti-money…
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Business
Analysts: Southwest is America’s favorite economy airline. That won’t change despite holiday meltdown.
Travelers love Southwest Airlines, according to J.D. Power’s annual ranking of the top U.S. air carriers. Southwest finished first in economy and budget…
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Business
Southwest pilots union writes scathing letter to airline executives after holiday travel fiasco
The Southwest Airlines Pilots Association has published a letter denouncing the airline’s leadership as a ‘cult’ that they say has spent the past…
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Shares of Tesla dropped 13% on Tuesday morning, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022. Deliveries are…