Business

Spirit Airlines recently announced that it will be deferring deliveries of new Airbus planes and implementing pilot furloughs as part of its strategy to improve liquidity. The CEO, Ted Christie, emphasized the necessity of these steps for ensuring a strong and profitable future for the airline. By deferring all Airbus planes scheduled for delivery between
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As Gatorade prepares to celebrate its 60th anniversary, the brand continues to expand its presence in the market by introducing new products and venturing into different categories. Initially established in 1965, Gatorade has solidified its position as the leading sports drink, commanding a significant share of the U.S. sports drink market as of 2023. However,
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Artificial intelligence has revolutionized the field of weather forecasting, with the potential for even greater accuracy on the horizon. This is evident in the recent collaboration between Spire Global and Nvidia, where the power of generative AI is being harnessed to provide more precise weather predictions. Artificial intelligence, particularly deep learning and neural networks, has
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Ford Motor has announced delays in the production of a new all-electric large SUV and pickup truck, with a shift towards offering hybrid options across its entire North American lineup by 2030. Originally planned for 2025, the production of the three-row SUV at a plant in Canada has been postponed to 2027. Similarly, the next-generation
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The recent re-election of Disney's full board is a significant victory for shareholders, as they have decisively rejected activist Nelson Peltz and former Marvel CEO Ike Perlmutter's push for change within the media conglomerate. Peltz and Perlmutter were advocating for removing directors such as Maria Elena Lagomasino and Michael Froman due to sustained share underperformance
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The spring housing market has defied expectations by not cooling down despite higher mortgage rates. Typically, higher rates lead to a decrease in both prices and demand, but that is not the case at the moment. The current situation is a result of the shortage of homes for sale, as existing homeowners are unable to
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Ford Motor is embracing the opportunity to grow Mustang sales as it remains the last American muscle car with a traditional V8 engine. With competitors like General Motors and Stellantis discontinuing production of their muscle cars, Ford sees an opening to cater to a dedicated fan base of gearheads who appreciate the performance and legacy
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Canada Goose recently announced its decision to reduce its corporate workforce by approximately 17%. This move comes amidst a trend of retailers laying off employees due to a decrease in consumer spending on non-essential items. While the exact number of employees affected by these layoffs has not been disclosed, it is clear that the cuts
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Boeing, the embattled aerospace giant, is undergoing a major management shake-up, with CEO Dave Calhoun set to step down at the end of 2024. Along with Calhoun, Chairman of the board Larry Kellner is also resigning and will not stand for reelection at Boeing's annual meeting in May. These changes are part of a broader
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The demand for weight loss drugs, particularly GLP-1s, in the United States is on the rise despite limited insurance coverage and high price tags. A recent survey conducted by Evercore ISI shed light on the willingness of patients to pay out of pocket for these treatments, revealing a stark income divide. Participants with annual incomes
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