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Another airline is getting sued for a political reason
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National, The Street

Another airline is getting sued for a political reason

By Veronika Bondarenko | The Street When it comes to letting their flight attendants and other workers express their political views, airlines are often in a tough spot between encouraging personal expression and avoiding the kind of arguments that broke out last month when a JetBlue Airways  (JBLU)  passenger was accused of “causing a disturbance” and had his return ticket canceled after bringing up an attendant’s “Free Palestine” pin. As the story started picking up steam, JetBlue quickly changed its policy to ban all political displays on the uniform worn by its staff. While it previously allowed flight attendants to put on one pin of their choosing, the airline felt that this was necessary in an election year and a time when tensions run high around ...
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Tech glitch may have overcharged Walmart shoppers at self-checkout
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National, The Street

Tech glitch may have overcharged Walmart shoppers at self-checkout

By Patricia Battle | The Street If you’ve recently used a self-checkout kiosk at Walmart  (WMT) , and felt like your bill was abnormally high, (even amid inflation) then you were probably right. The retail giant has just admitted that it may have overcharged shoppers who opted to use self-checkout machines in March at 1,600 stores across the nation due to a technical issue, according to documents that were seen by Bloomberg News. The documents reveal that the issue began on March 19, and that some customers were even undercharged for items across all categories such as food, apparel, etc. The source of the malfunction was due to an “internal system failure” that halted price data from being updated at self-checkout kiosks. Walmart’s tech staff were still...
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Bond markets sound inflation alarm, testing record run for U.S. stocks
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Bond markets sound inflation alarm, testing record run for U.S. stocks

By Martin Baccardax | The Street Global stocks turned lower this week as investors hit pause on an impressive spring rally amid new warning signals from the bond market that suggest inflation pressure could remain elevated well into the summer months.  The S&P 500 has printed no fewer than 24 record highs this year, and has powered to a five-month gain of around 11.25%, on the strength of improving corporate earnings, a resilient economy and outsized gains in the tech sector tied to the surge in artificial-intelligence investments.  On the fixed-income side, however, things have been notably dour, with global government bond portfolios down 4.9% for the year, according to data from Bank of America's 'Flow Show' report. Bond investors are typica...
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T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal. What it means for customers.
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T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal. What it means for customers.

By Rebecca Mezistrano and Ross Kohan | The Street T-Mobile, one of the three largest wireless providers in the country, is about to get a little bigger. The company announced plans to acquire U.S. Cellular in a $4.4 billion deal. T-Mobile will gain stores, more spectrum rights, and all of Cellular’s 4-plus million customers. The deal, which includes up to $2 billion of assumed debt, is expected to be finalized by the middle of 2025. T-Mobile CEO Mike Sievert said in a statement “As customers from both companies will get more coverage and more capacity from our combined footprint, our competitors will be forced to keep up – and even more consumers will benefit." READ THE FULL STORY AT THE STREET
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Mickey and Minnie in a union? You bet, at Disneyland in California
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Mickey and Minnie in a union? You bet, at Disneyland in California

By Rebecca Mezistrano and Ross Kohan | The Street The Happiest Place on Earth is dealing with some not-so-happy employees. 1,700 Disneyland cast members who play characters in the California theme park have voted to unionize under the Actors’ Equity Association. Disneyland has more than 21,000 total cast members, from food service workers to hair and make-up artists, and they’re represented by more than a dozen different unions. Until now, those who dress up as famous Disney characters around the park have been excluded from unions. But now they’ll have their say, with the Actors’ Equity Association saying in a statement “These workers are on the front lines of the Guest experience; they’re the human beings who create lifelong memories when your kids hug a character, or when your ...
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Rising price to eat out is ‘benefiting our business’, Walmart CEO says
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Rising price to eat out is ‘benefiting our business’, Walmart CEO says

By Jena Warburton | The Street If it feels like every time you visit the grocery store you part with a little bit more of your emotional well-being each time, you're probably not alone.  Plenty of goods and staples – food included – are more expensive than they were one year ago, or even one month ago.  The Consumer Price Index shows that, in April, prices increased by 0.3% from March. The CPI ticked up 3.4% on a 12-month basis, about in line with expectations but certainly showing no signs that inflation is coming down anytime soon.  READ THE FULL STORY AT THE STREET
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After closing 48 locations, signs of a Chapter 11 bankruptcy filing exist for Red Lobster chain
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After closing 48 locations, signs of a Chapter 11 bankruptcy filing exist for Red Lobster chain

By Daniel Kline | The Street The big food court in the sky, or maybe it's a downtown entertainment district, features a lot of restaurants that once had a big following. You may not remember them all, but some brands that were once huge, fell into irrelevancy and then went away. Howard Johnson's, for example, used to be a staple of a road trip. If you couldn't find a HoJo's perhaps you would stop at a Big Boy, another chain that was once prominent. In addition, sometimes there are restaurant chains that maybe were never that well-liked but were still a big deal. Fashion Cafe and the Official All-Star Cafe were meant to reproduce the magic of the Hard Rock Cafe or Planet Hollywood but they never caught on. READ THE FULL STORY AT THE STREET
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Biden, Trump don’t even agree on crypto, with Trump saying he’s in support, Biden opposed
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Biden, Trump don’t even agree on crypto, with Trump saying he’s in support, Biden opposed

By The Street Republican presidential candidate Donald Trump has recently signaled an about face on the digital assets industry, promising to support crypto in the U.S. during a recent campaign event and offering a stark contrast to apparent hostility from the Biden administration. “If you’re in favor of crypto you’re gonna vote for Trump because they want to end it,” Trump said recently.  Long-time advocates and investors in the space have decried harsh legislation from the Biden administration and Gary Gensler’s U.S. Securities and Exchange Commission (SEC). For instance, the White House recently vowed to veto legislation that could allow regulated financial firms to custody digital assets. Now, crypto-focused voters have reason to believe that Trump would offer a friend...
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Dow surges to first close above 40,000 as stocks continue to climb in value
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Dow surges to first close above 40,000 as stocks continue to climb in value

By Charley Blaine | The Street It took literally all of Friday's trading session, but the Dow Jones Industrial Average hit its first close above 40,000.  The blue-chip average finished at 40,000.59, up 132 points, or 0.34% right at the 4 p.m. ET close. The index had hit an intraday high of 40,051.05 on Thursday before dropping back to 39,865.  The Dow's performance was the day's best among the major averages. The S&P 500 was up 6 points, or 0.1%, to 5,303. The Nasdaq Composite was down 12 points, or 0.1%, to 16,685.97.  READ THE FULL STORY AT THE STREET
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What is the Work Opportunity Tax Credit and how does it benefit business owners?
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What is the Work Opportunity Tax Credit and how does it benefit business owners?

By The Street (via TurboTax) The work opportunity tax credit (WOTC) rewards businesses that hire workers from certain targeted groups who might otherwise be overlooked in the job market. Businesses of any size can claim the credit for as many eligible workers they employ. The credit amount depends on several factors, including the eligible employee’s targeted group, wages, and number of hours worked. There’s also a maximum credit amount per employee, which runs from $1,200 to $9,600, depending on the employee's targeted group and length of employment. The WOTC is a nonrefundable federal tax credit. As a result, it can reduce your tax bill to $0, but it won’t trigger a tax refund if the credit amount is greater than your tax liability before the credit is applied. READ THE FULL ...
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