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By Pete Muntean, CNN House Democrats overseeing airlines are telling Transportation Secretary Pete Buttigieg to come down harder on Southwest Airlines for stranding millions of passengers over the holidays. “We believe much more needs to be done,” more than two dozen Democrat members of what will be the House Committee on Transportation and Infrastructure wrote

By Peter Valdes-Dapena, CNN Business Stellantis’s Ram truck brand is behind its competitors on launching an electric pickup, with trucks from major rivals already on the market or coming soon. But Stellantis CEO Carlos Tavares has said the company is using its time to come up with features and capabilities competitors won’t have. That may

By David Goldman, CNN Vince McMahon, the former World Wrestling Entertainment chief executive, who retired from the company last year following a hush money and sexual harassment scandal, is plotting a return to the WWE, the Wall Street Journal reported Thursday. The WWE has disclosed multiple expenses that McMahon hadn’t disclosed, totaling $19.6 million, which

By Jeanne Sahadi, CNN The Federal Trade Commission on Thursday said it is proposing a rule to ban employers from imposing noncompete agreements on workers and to rescind all existing noncompete agreements. The FTC’s reasoning: Such agreements, which affect millions of rank-and-file employees and independent contractors across industries, in addition to business executives, have suppressed

By Alicia Wallace, CNN Friday’s jobs report is expected to show that the US economy added 200,000 jobs in December, with the unemployment rate holding steady for the third-straight month at 3.7%. The Labor Department’s final monthly employment tally for 2022 likely brings with it some familiar storylines. — Job growth is expected to remain

By Danielle Wiener-Bronner, CNN Helen of Troy, which owns OXO and Osprey among other consumer goods and beauty brands, is laying off 10% of its staff, in the face of sluggish demand and economic uncertainty. “The new structure will reduce the size of our global workforce with impact across all business segments, departments and shared

By Parija Kavilanz, CNN Stitch Fix, facing economic turbulence, announced a double whammy on Thursday: CEO Elizabeth Spaulding is stepping down and the company planned to lay off 20% of its salaried staff. The online personalized subscription clothing retailer also said it was closing some operations, including its Salt Lake City distribution center. “We will

By Nicole Goodkind, CNN Business The Dow fell more than 300 points on Thursday as strong jobs data spooked investors. A number of reports this week show that the labor market remains resilient to the Federal Reserve’s attempts to tame inflation by raising interest rates and cooling the economy. The reports stoked investors’ fears that

By Samantha Beech, CNN The New York State Nurses Association (NYSNA) has announced tentative agreements have been reached with two more hospitals — Maimonides and Richmond University Medical Center — ahead of a planned Monday strike. The tentative agreements are in addition to that reached Sunday for union nurses at NewYork-Presbyterian Hospital. Negotiations for more

By Anna Bahney, CNN Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. The 30-year fixed-rate mortgage averaged 6.48% in the week ending January 5, up from 6.42% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was