Elliott Investment Management, an activist shareholder, has acquired a $1.9 billion stake in Southwest Airlines and is pushing for the removal of the airline’s CEO, Robert Jordan. The company has been struggling with operational and financial issues, which has led to a more than 50% drop in its stock price… Read More
Atlanta attorney, Fani Willis donor jailed for 7 years
In a stunning case of hypocrisy, Robertson, a Democrat that donated to District Attorney Fani Willis, was sentenced to over 7 years in prison for fraudulently obtaining nearly $15 million in COVID-19 relief loans intended for struggling small businesses. The 62-year-old used the ill-gotten funds on luxury items like a… Read More
Tucker Carlson completely blown away in 46 second clip
Rep. Thomas Massie, R-Ky., gave an interview Saturday to talk show host Tucker Carlson, and he blew Carlson away with something unusual: His lapel pin. Carlson asked, “What is that thing moving on your lapel?” “It’s the debt,” Massie replied. “It’s my anxiety generator.” “That’s actually making me really anxious,”… Read More
Job growth exceeds expectations, although unemployment ticks to 4%
America’s employers added a vigorous 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates. Last month’s strong job growth reflected the durability of America’s consumer-driven economy. With the nation’s households continuing their… Read More
Report: 20 percent of NYC hotel rooms are now shelters
New York City is grappling with soaring hotel costs after converting 20 percent of the city’s hotel room inventory has been converted into shelters for illegal immigrants and the homeless. The New York Times states that out of the city’s approximately 680 hotels, 135 properties have been turned into city-run… Read More
Big changes coming to Dollar Tree
Dollar Tree, a discount retailer, announced on Wednesday that it is exploring strategic options for its Family Dollar stores, including a potential sale of the segment. Other alternatives being considered are a spinoff or another form of disposition of the business. Nearly a decade ago, Dollar Tree acquired Family Dollar… Read More
eBay makes big changes to credit card processing
eBay, the online marketplace giant, has announced its decision to stop accepting American Express as a payment method starting Aug. 17. The company cites “unacceptably high fees” charged by American Express for processing credit card transactions as the main reason for this move. eBay also stated that its customers have… Read More
Airfare prices set to soar in next few months
Brace yourself for higher airfares in the coming months. That’s the blunt message from global airline leaders who convened this week in Dubai for the International Air Transport Association’s (IATA) annual meeting. While the industry recovers from pandemic-driven losses, several key factors are coalescing to push ticket prices upward, aviation… Read More
Toyota issues formal apology for cheating on testing
In an embarrassing lapse for one of the world’s most respected automakers, Toyota Chairman Akio Toyoda was forced to issue a public apology Monday after the company admitted to widespread falsification of certification data impacting multiple vehicle models. Toyota has suspended production of three models – the Corolla Fielder, Corolla… Read More
Southwest Airlines v. pro-life stewardess
Southwest Airlines is headed back to federal court on Monday in an attempt to reverse an $800,000 judgment awarded to a former flight attendant who claimed she was terminated due to her pro-life religious views. The airline also aims to overturn a judge’s order that its lawyers undergo training on… Read More
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