Business

German aviation group Lufthansa is cutting 4,000 administrative jobs over the next five years as it seeks to raise profitability targets. By 2030, Lufthansa, which operates the core Lufthansa German Airlines brand, along with other airlines like Swiss, Austrian Airlines and Brussels Airlines, plans to reduce 4,000 administration jobs through digitalization, automation and process consolidation, the company announced to analysts and investors during its Capital Markets Day in Munich. The majority of […]

Traders on the prediction market platform Kalshi now place the odds of Democratic socialist Zohran Mamdani winning the New York mayoral race at 84%, after Mayor Eric Adams ended his re-election campaign on Sunday, just five weeks before Election Day.Former Gov. Andrew Cuomo, who is running as an Independent, follows as the next most likely contender, with Kalshi bettors assigning him a 16% chance of clinching the city’s top office.Meanwhile, […]

The Trump administration announced on Monday a $625 million investment to boost America’s coal industry, a plan that aims to keep coal plants open, lower energy costs and enable the U.S. to win the global race for dominance in artificial intelligence.U.S. Energy Secretary Christopher Wright made the announcement of expanded programs to help the coal industry on FOX Business’ "Mornings with Maria," saying that the U.S. has "awesome coal reserves" […]

The body of a stowaway has been found in the landing gear of an American Airlines flight from Europe after it arrived at Charlotte Douglas International Airport in North Carolina, police have confirmed.Maintenance staff found the body shortly after 9 a.m. Sunday while servicing the aircraft on Hangar Road within the airport division, the Charlotte-Mecklenburg Police Department (CMPD) said in a statement.CMPD Airport Division officers responded and pronounced the individual […]

Video game maker Electronic Arts – known for The Sims, Maddel NFL, Plants vs. Zombies and more – could be going private soon with a valuation of roughly $50 million.The possible deal, first reported by The Wall Street Journal, would mark the largest ever leveraged buyout in history. A group of investors including private equity firm Silver Lake, Saudi Arabia's Public Investment Fund and Jared Kushner's Affinity Partners could unveil […]

Seventy-nine billion dollars. That’s the official estimate of the destruction left behind by Hurricane Helene as the first anniversary of the storm is marked this weekend in communities across the southeast.North Carolina bore the brunt of the storm. The death toll of 108 was the highest of any state, and the damage of $59 billion was three-quarters of the storm’s total. Official totals, though, can’t begin to describe all the […]

More than one million kitchen appliances have been recalled due to posing a burn hazard.Seven different model numbers of Oster French Door Countertop Ovens sold at major retailers in the U.S. and Canada are impacted, according to the recall notice on Oster's website. "Out of more than 1.2 million units in use, fewer than 100 injury reports have been received, and these injuries involved burns consistent with everyday kitchen use and […]

Americans are paying more for their coffee as prices for the caffeinated commodity are near record levels due to global production headwinds and higher costs from imported coffee exposed to tariffs.The most recent edition of the consumer price index (CPI) released by the Bureau of Labor Statistics showed that coffee prices were up 20.9% from a year ago in August and rose 3.6% on a monthly basis. That's the highest annual […]

State Street Investment Management and the Women’s National Basketball Association (WNBA) recently announced they entered a multi-year partnership, naming the Boston-based firm as the league’s official investment management partner.Under the partnership, State Street Investment Management took on the role of title sponsor of the WNBA Preseason and the WNBA Coach of the Year Award, and is also the presenting partner of "Year 1," a rookie-focused content series. The investment banking […]