Business & Economy

Nearly 1,800 Spirit Airlines flight attendants will be furloughed just before the Christmas travel season as the airline aligns staffing with its fleet size and expected flight volume. The airline, which filed for bankruptcy in August, is cutting a quarter of its flight schedule in November and reducing capacity by 25% year over year. This […]

Apple has officially unveiled the iPhone 17, the thinnest iPhone yet, at its recent media event. The iPhone 17 Air starts at $999 with 256GB storage and pre-orders starting on September 12. The device offers a range of new features and specs, with open sales beginning on September 19. More information will be released as […]

Nearly a third of businesses are likely to increase prices in the near future. A new report by LendingTree found that more than 30-percent of businesses surveyed said they expect their prices will be higher in six months than they are now while only five-percent said that their prices will go down, and 65-percent said […]

CenterPoint Energy has increased its electricity rate by nearly 1.5 cents per kilowatt-hour, resulting in an average bill increase of $13.50 for residential customers using 1,000 kilowatt hours of electricity. The new rate adjustment, effective September 1, raises the charge for power transmission and delivery from 4.4393 to 5.7889 cents per kWh. This increase comes […]

Black unemployment hits 7.2%, signaling broader economic challenges ahead. Discover why this trend serves as an early warning for systemic issues and opportunities.

New York’s attorney general is suing Zelle over a lack of safety features that allowed scammers to steal over $1 billion from users. The lawsuit claims that Zelle’s parent company, Early Warning Services, failed to protect users from fraud by not implementing necessary safeguards. Attorney General Letitia James alleges that Zelle knew about the platform’s […]

A Martha’s Vineyard estate where the Obama family vacationed for several summers, known as Blue Heron Farm, was sold to billionaire Les Wexner to the tune of $37 million. The buyer was a trust managed by Matthew Zieger, who is the attorney of the retail executive, according to a report from the Real Deal.  The home, owned […]

Southwest Airlines cuts its workforce by 15%

Several major U.S. companies are buckling under pressure from conservative groups to scale back or eliminate diversity, equity, and inclusion (DEI) programs. 

2024 was not a kind year for many well-known companies across several industries. From consumer brands, to restaurants and retail stores chains, several companies filed for Chapter 11 bankruptcy. While filing for bankruptcy means a company is definitely in some dire straits, it doesn’t necessarily mean it will be gone for good. Here are 20 […]

Developing these "recession-proof" skills not only bolsters individual resilience but also fortifies collective economic stability. 

In honor of Black Business Month and late Famous Amos founder Wally Amos, we reflect on entrepreneurs of our culture you may not know.