How much Spirit and Frontier workers make cracking down on carry-on bags and selling seat upgrades
Frontier and Spirit give bonuses to employees who charge passengers for bags and seats at the airport. A Senate subcommittee report published on Tuesday revealed publicly for the first time how budget carriers Frontier and Spirit incentivized staff to charge passengers extra fees. The report, viewed by B-17, revealed that between 2022 and 2023, the…
Stellantis’ CEO is out after a tumultuous year. Here’s how things got so bad at the Jeep maker.
Stellantis CEO Carlos Tavares resigned with immediate effect over the weekend. Carlos Tavares tendered his resignation from the top job at global automaker Stellantis over the weekend after a year of mounting pressure to turnaround falling sales and shrinking margins. Dealers had accused him in September of mismanaging valuable brands that helped lead to the…
Zelenskyy said Ukraine could join NATO without Article 5 applying to its occupied territory
Zelenskyy said Article 5 might not apply to all of Ukraine’s territory if it joins NATO, to not drag other member states into war. Ukrainian President Volodymyr Zelenskyy said on Sunday that his country could join NATO without the alliance’s collective self-defense agreement applying to its territory occupied by Russia. That suggestion means that Article…
Fidelity just boosted the value of its stake in Elon Musk’s xAI by 70%
Elon Musk. Fidelity increased the value of its shares in two Elon Musk-owned companies in October, social media platform X and startup xAI, according to filings. The financial giant, which invests in startups and large corporations through multiple mutual funds, has stakes in both companies via its Blue Chip Growth Fund. That fund valued its…
Tesla cofounder says humanity is underperforming and could stand to ‘crank up the intensity’ like Elon Musk
JB Straubel founded Redwood Materials in 2017. Tesla cofounder JB Straubel said he learned “a huge amount” from Elon Musk — and we could all benefit from the billionaire’s work ethic. “He has an incredible tolerance for working incredibly hard and for putting in immense focus and hours into all these different projects,” Straubel, CEO…
An Oracle product manager got 2 promotions, a move to the US, and a $56,000 raise — all in 7 years. Here’s how.
Ketaki Vaidya had worked in Oracle’s office in Hyderabad, India, for about five years when she wanted a change. As a software engineer, she was keen to be part of Silicon Valley’s innovations. She negotiated a move to California in 2022 and has since transferred to Seattle. Vaidya shared how, over seven years with Oracle,…
Oracle stock is set for its best year since the dot-com boom after a 75% surge
Oracle cofounder Larry Ellison. Oracle has surged 75% since January, putting the stock on track for its best year since a tripling in 1999 during the dot-com boom. The enterprise-computing giant’s share price has jumped from a low of about $60 in late 2022 to about $180, boosting Oracle’s market value from below $165 billion…
Budgeting isn’t for everyone, but ‘intuitive spending’ has its problems too
Finance pros often recommend budgeting, but some think it could use a “rebrand.” Saving money and paying off debts can feel like an endless cycle, which is why financial gurus are so keen on budgeting. But Dana Miranda, a certified personal finance educator, told CNBC Make It in a recent interview that strict spending plans…
Biden takes a parting swing at China’s chip industry ahead of Trump’s 2nd term
Donald Trump has described China as the “main threat” to the US AI industry. The US announced on Monday another round of export controls on China’s semiconductor industry, multiple outlets reported, weeks ahead of Donald Trump’s second term. Washington plans to restrict exports to 140 Chinese companies, including the chip-equipment heavyweight Naura Technology Group, to…
