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Retailers planned conservatively with inventory this holiday season and are simultaneously offering numerous deals throughout the season to avoid another year of excess stock. Companies last year were saddled with too much inventory after the holiday season, forcing them to issue more deals to clear shelves. “After three years of ups and downs with the impacts from COVID and the excess inventory experienced last holiday, I think retailers took what they learned and implemented it in their produc…
2 months ago
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Customers reaching out to major U.S. airlines on social media could be getting targeted by scammers. JetBlue and United Airlines told FOX Business that they have seen fake accounts falsely representing the airlines reach out to customers on social media platforms like Facebook, Instagram and X. “Along with the rest of the industry, we have seen several fake social media accounts falsely representing themselves as JetBlue to deceive and defraud customers,” a spokesperson for JetBlue told FOX Bus…
2 months ago
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Airbnb CEO Brian Chesky said that the digital home-share company will reap the benefits of artificial intelligence more than hotels, at least in the near term. “The reason we know this is because AI is mostly changing… the digital world a lot faster than the physical world,” Chesky told reporters during a meeting in New York City on Tuesday. “Because we have more of a digital product, we can actually adapt and change faster.” Chesky also said that hotels are not going to be different five year…
2 months ago
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After four years in the U.S. military, including two deployments, Christopher Bess faced a new obstacle he was not prepared for: transitioning into the civilian workforce. Bess had been living a very structured life, as he describes it, while in the military. He was also surrounded by leaders he could rely on for answers to his questions, he recalled. “When you transition out of the military, you feel alone,” Bess told FOX Business. “I don’t want to say you are alone. You just feel alone. So i…
2 months ago
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The Federal Aviation Administration (FAA) is creating a committee to specifically address any barriers that could prevent pilots from reporting mental health issues. In the coming weeks, the FAA said it will appoint a panel of medical experts as well as aviation and labor representatives for its Pilot Mental Health Aviation Rulemaking Committee (ARC). The committee will be responsible for providing information, advice and recommendations to the FAA on helping pilots report mental health issues.…
2 months ago
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Middle-class families in California are getting slammed with an “unreasonable” cost-of-living-penalty for simply residing in the Golden State, according to a new report. According to data from the Transparency Foundation’s Cost of California Report, a typical middle-class family of three earning $130,000 a year faces a financial burden of more than $26,000 because of higher living expenses. The nonpartisan group’s report compares costs such as housing, utilities, food, gas, child care and healt…
3 months ago
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Delta Air Lines CEO Ed Bastian hinted that the carrier isn’t looking to copy rival United Airlines’ new boarding method that’s meant to reduce the time it takes to depart. During an interview on “Today,” Bastian said that the carrier has tried “every which way to board customers.” “We have found that actually just boarding people and getting people moving through the plane is the fastest,” Bastian said. “Every time you add another feature, it gets more complicated.” UNITED AIRLINES TO SEAT WIN…
3 months ago
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Wells Fargo economists warned that shoppers shouldn’t expect tremendous Thanksgiving savings even with food inflation easing. The turkey will cost less, but the overall feast won’t likely be any cheaper than last year, according to Wells Fargo Agri-Food Institute Chief Agricultural Economist Dr. Michael Swanson. Last month, government data showed that food at home prices – which is food purchased at supermarkets – climbed 2.4% higher than a year ago. It’s a significant drop from the 12.8% rise…
3 months ago
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Domestic flight prices for trips during the 2023 holiday season are on an uphill climb until the new year, according to an industry economist. Although prices are slightly down compared with this time last year, Haley Berg, lead economist for travel app Hopper predicted that “prices to continue to rise from now through the holidays” and that travelers should book as soon as possible. Prices are currently lower than last year due to the pent-up surge in demand, higher jet fuel prices and lower c…
3 months ago
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Workers from some of the nation’s biggest pharmacy chains, from CVS to Walgreens, have planned another “walkout” starting Monday as they continue to plead for better working conditions. They’re calling it “Pharmageddon,” Shane Jerominski, a licensed pharmacist for over a decade who is helping coordinate the latest protest, told FOX Business. From Monday through Wednesday workers at Walgreens, CVS and Rite Aid have pledged to call in sick, according to Jerominski. A similar protest occurred ear…
3 months ago
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A handful of business leaders that are offering raises in 2024 are doing so for only half of their workforce. Sometimes, it’s less. It’s a tough reality given workers are facing persisting inflation and the highest borrowing rates in over two decades. According to a recent survey from ResumeBuilder.com, 8% of leaders aren’t planning to give raises next year, and another 18% are still undecided. About 74% of business leaders surveyed said they would be offering raises next year. But, half of…
3 months ago
