In a significant leadership shift, Stellantis has welcomed back Tim Kuniskis—former head of the Ram Trucks brand, who recently retired in May. His reappointment comes at a critical juncture, following the unexpected resignation of CEO Carlos Tavares, who stepped down due to challenges within the North American market. This move raises questions about the company’s
Business
In a significant legal development, the Consumer Financial Protection Bureau (CFPB) has lodged a complaint against Comerica Bank, alleging serious lapses in the administration of the Direct Express prepaid debit card program. This program serves as a financial lifeline for millions of Americans relying on federal benefits, including Social Security. The CFPB claims that Comerica
In a recent financial disclosure, Ulta Beauty demonstrated robust performance, exceeding Wall Street forecasts for its fiscal third quarter. As consumer behavior continues to evolve in the face of economic pressures, Ulta has found a way to adapt and thrive despite intensifying competition in the beauty sector. The company reported earnings per share of $5.14,
In a decisive move to navigate its current profitability challenges, JetBlue Airways announced substantial changes to its flight schedules, potentially altering the competitive landscape of several key markets. On Wednesday, the airline informed employees that it would eliminate a series of unprofitable routes, which underscores its commitment to restoring robust financial health post-pandemic. These alterations
In a landscape where flying has become a commodity, the way U.S. airlines structure their pricing, particularly regarding seating fees, has come under intense scrutiny. Executives from major airlines, including American, Delta, United, Spirit, and Frontier, are expected to appear before a Senate panel to defend these additional charges. Data revealed by the Senate Permanent
In an age where electrification is reshaping the automotive landscape, Jaguar has publicly embraced this shift with the unveiling of its new concept vehicle, the “Type 00.” This announcement highlights not just a new model but a significant change in the brand’s overall design ethos. Unlike the sleek, sporty appeal synonymous with Jaguar’s heritage, the
The unexpected resignation of Carlos Tavares as the CEO of Stellantis marks a significant turning point for the automotive giant, reflective of deeper issues within the organization. Announced on a Sunday, the resignation has been attributed to diverging perspectives between Tavares and the board of directors. Mired in a series of underwhelming financial results and
The introduction of the expanded College Football Playoff format marks a transformative moment for not just college athletics, but also for media conglomerates. Disney, which oversees ABC, ESPN, and ESPN2, finds itself at the forefront of this change, poised to benefit from the new 12-team structure that was approved in 2022. This expansion has redefined
As the holiday season approaches, retailers are facing a unique array of challenges and opportunities. With the calendar turning toward November and December, brands strive to entice discerning consumers into making holiday purchases. However, the environment has become increasingly selective, leading to a significant disparity in retail performance. This year’s season presents a mixed bag
The Thanksgiving weekend is traditionally a significant time for filmmakers and cinema enthusiasts alike, often setting the stage for the year-end sales surge and determining the overall health of the film industry. In 2023, audiences are expected to flock to theaters as marquee titles are set to debut. The anticipated release of Disney’s “Moana 2,”