Corporate America could suffer a hit to profitability moving forward as Americans reduce their spending power. Photo by STEFANI REYNOLDS/AFP via Getty Images An window of opportunity for companies to boost profits thanks to inflation is shrinking, experts say. Consumers are likely to spend less moving forward, potentially stamping out “greedflation.” Other experts say companies…
Monthly Archives: August 2022
A sign for Walmart’s home office. Gilles Mingasson/Getty Images Walmart has nixed hundreds of corporate roles. The company has repeatedly sounded the alarm about inflation and economic uncertainty. Given Walmart’s influence and reach, its struggles could indicate industry-wide struggles for retailers. Walmart made a major splash Monday when it laid off around 200 corporate employees…
Security guards monitor a queue of passengers waiting to retrieve their luggage at Ronald Reagan airport in Washington DC after canceled flights. Ben Werner Ben Werner was told that his baggage could not be found after his flight was canceled. American Airlines told passengers the flight was canceled due to a fuel shortage and bad…
Former President Donald Trump speaks at the Conservative Political Action Conference on August 6, 2022 in Dallas, Texas. Brandon Bell/Getty Images Former President Donald Trump called for the abolition of the US Department of Education on Saturday. He spoke at the Conservative Political Action Conference (CPAC) in Dallas, Texas, on Saturday. Video shows that the…
Andrew Tate rarely talks about his sister in vlogs and podcasts. In fact, they have never been seen in a video together before. In an Emergency Podcast, Andrew and his brother spoke a bit about their sister. The podcast indicates that they were not close with their sister. Andrew also mentioned her from time to…
Airlines now squeeze as many seats as possible onto their planes. Getty Images The Federal Aviation Administration wants to know how you think seat size affects flight safety. Some are using the survey to advocate for inclusive seating for all body types, Bloomberg reported. Interested members of the public have 90 days to make a submission….
Shelly-Ann Cawley traveled with her niece to London to test out her business idea. Travelers Care Airlines ‘frequently’ lose unaccompanied children amid disruption, a former flight attendant says. Shelly-Ann Cawley quit her job after witnessing vulnerable passengers being left uncared for. She says it’s not safe for children to travel alone as they too often…
Russia cut the capacity of its Nord Stream 1 natural gas pipeline to just 20% last month. Sean Gallup/Getty Images Russia has stoked up Europe’s energy crisis by cutting the capacity of the Nord Stream 1 pipeline to 20% But the continent also receives gas supplies from Azerbaijan, North Africa, and the North Sea. Many…
Billie Webb quit van life, but instead of going back to renting, she downsized again. Billie Webb Billie Webb is a TikToker who filmed herself taking part in van life last year. Now she has raffled off her van to live in a 2015 Mazda, blaming soaring gas prices. Webb, who makes about $4,000 a…
Britta Pedersen/Getty Images; Twitter; Rachel Mendelson/Insider Elon Musk said he’d proceed with his $44 billion takeover of Twitter if he is given bot info. The world’s richest man called for a public debate on how Twitter assesses fake accounts. Musk has accused the platform of withholding bot information, which is blocking the deal. Elon Musk…