Business News

As Hurricane Idalia gets closer to the Gulf Coast of Florida, all flights from Tampa International Airport have been canceled. On Monday night, Idalia strengthened into a hurricane with maximum wind speeds of 75 mph. Also, the St. Pete-Clearwater International Airport Terminal is expected to close. The flight-tracking website, FlightAware, reported that SouthWest Airlines canceled 144 flights and United, Delta and American Airlines delayed 460 flights and...

Amazon has faced an ongoing challenge of getting employees back in the office. However, company CEO, Andy Jassy, is not backing down. Employees were first informed in February about the requirement to work in-person at an Amazon office at least three days a week. They were told the new policy would start at the beginning of May. Additionally, it was reported that some employees would have...

American Airlines got hit with the largest-ever fine for keeping passengers onboard during delays lasting for hours. In a statement from the Department of Transportation, it was revealed that American Airlines was issued a $4.1 million fine for the tarmac delays of 43 flights that impacted more than 5,800 passengers. The flights occurred over the course of three years, starting in 2018. According to CNN, “Federal rules...

10 months ago, the Food and Drug Administration announced the nationwide shortage of the ADHD medication, Adderall. Now, the strain could potentially worsen during the back-to-school season.  Supply issues have reportedly let up for some consumers, but many are still struggling to obtain the drug. Erin Fox, a pharmacist at the University of Utah, told CNN, “Unfortunately, we might see the shortage worsen. We are heading...

Subway has been a family-owned business for nearly six decades. Now, the sandwich chain has sold itself to private equity firm Roark Capital. Subway announced in a statement this acquisition agreement as a “major milestone” and part of the company’s “multi-year transformation journey.” "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said John Chidsey, CEO...

For two decades, Bud Light has reigned as America’s stop selling beer, but not anymore. According to Modelo’s Executive Vice President, Jim Sabia, the controversy surrounding Bud Light might have accelerated the process, but he said the company had been planning to become No. 1 for a while. “The fact that we became the No. 1 beer in America due to a competitor’s moves is not...

This week, Starbucks’ Pumpkin Spice Latte returns for the twentieth year in a row. Over the past two decades, Starbucks has seen major success with the iconic, seasonal beverage. “In 2020, Starbucks said the pumpkin drinks were the “catalyst” for a record-breaking quarterly performance in the three months ending September 27, 2020. In fall 2022, it reported that the platform had grown 17% year-over-year,” per CNN. The...

Peloton stock is still suffering after the company issued a recall involving more than two million of its bikes. “Shares of the fitness company plummeted 20% in early trading Wednesday after another dismal earnings report that revealed the recall’s price tag “substantially exceeded” Peloton’s expectations, costing the company $40 million and about 20,000 members who paused their monthly subscriptions because they were waiting for a replacement...

A new variant of the Covid-19 virus, BA.2.86, has infected people across the globe. The new variant reportedly has many mutations. “We have not seen a new variant [in humans] with this many new spike mutations happening all at once since the emergence of the original Omicron,” said Jesse Bloom, an evolutionary biologist at Fred Hutch Cancer Center. Previously, shares of Covid vaccine makers have been plummeting,...

The amount of money most workers are requesting to accept a new job has reached a record high this year. The New York Federal Reserve released a survey this week detailing the minimum acceptable salary offer to switch jobs. This amount has risen to $78, 645 during the second quarter of 2023 which is an 8% increase from just one year ago. According to CNBC, “The number...