LAST year, Bob Fornaro, the boss of Spirit Airlines, talked of the effort his firm had made to reduce the number of customer complaints. The ultra-low-cost carrier, dubbed the most hated airline in America by Bloomberg, had long been ranked as a primary purveyor of passenger pain, regularly propping up lists that rate airline service. […]
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AMAZON announced on June 16th that it would pay $13.7bn to buy Whole Foods, a grocer known for its organic produce. On the face of it, the purchase might not seem to upset the grocery cart, either for Amazon or for the supermarket business. Amazon controls a measly 0.2% of America’s grocery market; Whole Foods […]
Read moreHomebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale might worsen. The Commerce Department says housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units. This comes after a 2.7 percent monthly decline […]
Read moreIf Janet Yellen has her way, the Federal Reserve that she chairs is about to go from the center of the market’s universe to a mere afterthought. Investors might even welcome a boring Fed after a decade of hanging on every word out of the central bank. But for Yellen’s hope to become reality, a […]
Read morePresident Donald Trump wants to blow out the number of apprentices working for U.S. companies — but it doesn’t look like he’ll spend the money to do it. Apprenticeships blend on-the-job work with paid classroom instruction, and they usually last two to six years. The federal government has regulated and certified apprenticeships since 1937, but […]
Read moreThe Trump administration recently pointed to rising coal mining employment as a sign that the president’s “America First Energy Plan” is already bearing fruit. But many of those jobs might not actually exist. Administration officials are citing preliminary estimates of job gains, not hard numbers, as their proof that coal employment is already growing. But […]
Read moreThe competition for housing is heating up along with the summer temperatures and continuing to set new records. The average house sold in May went under contract in just 37 days, that’s the fastest reading since Redfin, a real estate brokerage, began tracking the market seven years ago. The previous record, set in April, was […]
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AS the global financial system was engulfed in crisis in 2008-10, only one set of banks in Europe and North America stayed serene and safe: Canada’s big five lenders. They were largely untouched by the madness south of the border and across the pond and kept churning out profits. After the crisis experts went on […]
Read moreAttendees inspect the new iPad Pro during the 2017 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 5, 2017 in San Jose, California. Cramer tells analyst his Sunday night Apple downgrade was ‘showboat’ call 9 Hours Ago | 09:07 Apple shares fell more than 2 percent Monday, falling for a […]
Read moreWhat if President Donald Trump threw a $1 trillion infrastructure party and no one showed up? So far, the Democrats don’t look like they’re coming to this affair. But they need an appearance. And soon! The RSVP is due in the next few weeks. President Trump kicked things off last week by offering the first […]
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