As corporations increasingly take up progressive political causes like racial equity and climate change, some watch with despair or disdain. Conservative entrepreneurs see a business opportunity. “There’s a huge market for them,” Mark Meckler, president of Convention of States Action (COSA), told The Epoch Times. As a former CEO of Parler, he knows how brutal…
Conservative Entrepreneurs Step Up to Serve Customers Alienated by Woke Corporations
‘Stubborn’ Food Inflation Leaves US Shoppers With Slim Appetite for Other Goods
As American shoppers stomach soaring food prices, they are cutting back on purchases of other goods, such as toys, clothing, and housewares, in a challenging trend for retailers. Commentary this week from executives at Walmart and other retailers shows how Americans are shifting their shopping habits and hunting for bargains in the face of the…
Making Money Is Good for Customers, Workers: CEO Stands by Airline’s Billion-Dollar Profit
February 24, 2023
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Alan JoyceAustraliaBusiness & MarketsBusinesses in COVID-19CompaniesInternationalLifestyleQantasTravel & DiscoveryWorld
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Qantas’ billion-dollar profit will allow the airline to invest in new aircraft, upgrade its customer lounge, and deliver bonuses to employees, explained CEO Alan Joyce. Australia’s flag carrier delivered a $1 billion (US$680 million) net profit for the six months to Dec. 31, following a $456 million net loss a year earlier, as well as…
Global Stocks Mixed After Wall Street Breaks Losing Streak
February 24, 2023
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BANGKOK—Shares rose in early European trading after closing mostly lower in Asia ahead of the release of consumer price data in the U.S. Benchmarks advanced in Paris, London, Tokyo, and Sydney but fell in Hong Kong, Shanghai, and Seoul. Oil prices rose while U.S. futures edged lower. Friday will bring the core U.S. personal consumption…
TJX Sales May Surge in 2023 on Bargain Hunting for Top Fashion Brands
TJX Cos Inc. is likely to see a strong growth in annual sales as inflation pushes bargain-hungry but brand-conscious customers to off-price retailers offering cheaper deals and promotions. The expected surge in demand for companies such as TJX, Ross Stores, and Burlington Stores Inc follows a dull 2022 in which pandemic-weary consumers refreshed their wardrobes…
Tesla Scales Back German Battery Plans, Won Over by US Incentives
BERLIN—Tesla Inc. has begun assembling batteries in Germany but will focus cell production in the United States in light of Inflation Reduction Act incentives, the company said, making it one of the first firms to declare a strategy shift prompted by the package. The U.S. electric-vehicle maker is also preparing to produce cell components such…
Boeing Plans to End Production of ‘Top Gun’ Plane in 2025
Even “Top Gun” couldn’t save the F/A-18 Super Hornet. Boeing announced Thursday that it expects to end production of the fighter jet in late 2025 after a final delivery to the U.S. Navy. Production of the plane could be stretched out to 2027 if India places an order, the company said. The first F/A-18 debuted…
Beyond Meat Beats Q4 Forecasts Despite Flagging Sales
Beyond Meat on Thursday reported better-than-expected fourth quarter sales despite flagging consumer demand and lower prices. The plant-based meat maker said its revenue fell 21 percent to $80 million in the October-December period. Still, that beat Wall Street’s expectations. Analysts polled by FactSet were forecasting revenue of $75.8 million. Beyond Meat’s shares jumped 14 percent in…
Cosori Recalling 2 Million Air Fryers for Fire Risk
Cosori is recalling more than 2 million air fryers sold in the United States, Canada, and Mexico because their wire connections can overheat and cause a fire risk. The U.S. Consumer Product Safety Commission announced the recall Thursday. The agency said consumers should stop using the air fryers immediately. The recall involves multiple model numbers…
Boeing Temporarily Halts Deliveries of 787 Dreamliner Jets: FAA
WASHINGTON—Boeing Co has temporarily halted deliveries of its 787 Dreamliner jets as the U.S. planemaker conducts additional analysis on a fuselage component, the Federal Aviation Administration (FAA) said on Thursday. Deliveries will not resume until the FAA is satisfied that the issue has been addressed, the agency said. “The FAA is working with Boeing to…
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