A post-pandemic runup in wages, aircraft lease costs and other operating expenses has eroded the cost advantage that low-cost airlines once relied on.
Read More Spirit’s troubles expose limits of premium strategy for low-cost carriers
Category: Business
Gold’s rush above $4,000/oz cements status as global bellwether
Gold’s unprecedented ascent this week to the $4,000 an ounce milestone and beyond puts it on course for its best year since the Iranian Revolution in 1979.
Read More Gold’s rush above $4,000/oz cements status as global bellwether
Coca-Cola to introduce mini 7.5-ounce cans in US convenience stores
Later this year, Coke will also introduce glass bottles of Coca-Cola soda sweetened with cane sugar rather than high fructose corn syrup.
Read More Coca-Cola to introduce mini 7.5-ounce cans in US convenience stores
US Supreme Court rejects software giant SAP’s bid to avoid rival’s antitrust suit
The Supreme Court declined to hear a bid by SAP to avoid a lawsuit by Teradata that accused it of violating American antitrust law.
Read More US Supreme Court rejects software giant SAP’s bid to avoid rival’s antitrust suit
Musk becomes first person to hit $500 billion net worth, Forbes list shows
Elon Musk became the first person to surpass $500 billion in net worth, powered by a rebound in Tesla’s share price and swelling valuations of his other tech ventures.
Read More Musk becomes first person to hit $500 billion net worth, Forbes list shows
Nike marketing plans in focus ahead of crucial year for sports events
Investors will zoom in on Nike’s marketing plans for the coming year when it reports results on Tuesday, after several sluggish quarters in which rivals have stolen market share.
Read More Nike marketing plans in focus ahead of crucial year for sports events