Hyundai Motor raised its 2025 revenue forecast to 5-6%, but lowered its operating profit margin target to 6-7% due to US tariffs. The upward revenue revision was announced ahead of a CEO investor day in New York, the first held outside South Korea and the first for new CEO...
Spirit Airlines is implementing a 25% capacity cut in November to reduce costs, following its second bankruptcy in less than a year. CEO Dave Davis announced further job cuts are inevitable as the airline optimizes its network and negotiates with vendors and lessors. The airline is engaging with...
Cracker Barrel Old Country Store announced mixed fourth-quarter earnings, with revenue slightly exceeding expectations but earnings per share falling short. The company's stock dropped 10% after hours following the report. This follows intense backlash over a recent rebranding attempt, which included a logo change and restaurant remodel plans....
Frontier Airlines CEO Barry Biffle refuted United Airlines CEO Scott Kirby's claim that the deep discount airline model is failing. Biffle highlighted Frontier's lower unit costs and its ability to attract price-sensitive travelers. He argued that Frontier caters to a different market segment than United, comparing the situation to...
A proposal to build a casino in Times Square has been rejected by a community advisory committee. The plan, by SL Green Realty, Caesars Entertainment, and Roc Nation, involved converting a building housing the Minskoff Theatre into a casino, hotel, and entertainment complex. The proposal faced strong opposition from...
GlaxoSmithKline (GSK) announced a $30 billion investment in US research, development, and manufacturing over the next five years. This includes $1.2 billion for advanced manufacturing, AI, and digital technologies, creating next-generation facilities. The announcement coincides with President Trump's UK state visit and follows similar large investments from other...
US Transportation Secretary Sean Duffy revoked the antitrust immunity of Delta and Aeromexico's partnership, citing unfair practices by Mexico. Mexico's redirection of flights to a less accessible airport, Felipe Angeles International Airport, is deemed disadvantageous to US airlines. Duffy argues this violates trade agreements, impacting US airlines' competitiveness....
The National Highway Traffic Safety Administration (NHTSA) launched an investigation into Tesla Model Y vehicles after receiving nine reports of malfunctioning electronic door handles, potentially due to low battery voltage. This resulted in parents having to break windows to rescue children trapped inside. The investigation covers approximately 174,300...
Amazon's Prime Big Deal Days sale will run October 7-8, 2025, offering Prime members exclusive discounts on various products. The 48-hour event features deep discounts across electronics, home goods, and more, kicking off the holiday shopping season early. Amazon suggests creating wish lists, using the app's deal alerts,...
Jaguar Land Rover (JLR) faces a prolonged production halt following a cyberattack, extending the shutdown until at least next week. Experts estimate the revenue loss could exceed £3.5 billion, impacting JLR's suppliers and potentially delaying new electric vehicle launches. While JLR maintains sufficient inventory for immediate sales, smaller...
