‘The system is rusty’: Qantas CEO defends industry as airlines cancel thousands of flights

Air travel is roaring back, but not without some significant hiccups. Particularly in North America and Europe, travelers have described chaos at airports, with scores of flights canceled or delayed, luggage lost and wait times to board planes exceeding four hours. That’s partly the result of labor shortages from the pandemic, as layoffs have put…

Inflation and recession fears are squeezing some industries more than others

In this article ULTA M UAL AAL DAL LYV QSR-CA DPZ GM F TAP WEN RDFN MCD TGT A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty…

Pixar’s ‘Lightyear’ snares $51 million in domestic opening

In this article DIS Chris Evans voices Buzz Lightyear in Pixar’s “Lightyear.” Disney Pixar’s “Lightyear” rocketed to a $51 million domestic opening, the best performance of an animated feature since the pandemic began. Internationally, the Disney film tallied $34.6 million in ticket sales, bringing its global haul to $85.6 million. The animated film’s performance, while…

Children as young as 6 months eligible for Covid shots in U.S., vaccinations to begin Tuesday

In this article PFE MRNA A child is administered a dose of the Pfizer-BioNTech coronavirus disease (COVID-19) pediatric vaccine. Mayela Lopez | Reuters The Centers for Disease Control and Prevention’s independent vaccine experts on Saturday backed Pfizer’s and Moderna’s Covid-19 shots for children as young as 6 months. The CDC committee voted unanimously to recommend…

WWE boss Vince McMahon steps away from CEO role, will address misconduct probe on ‘Smackdown’

Getty Images WWE CEO and Chairman Vince McMahon is stepping back from his duties as the company’s board investigates alleged misconduct by the executive, the company announced Friday. The announcement of the move and the special board committee probe comes two days after The Wall Street Journal reported that the WWE board was looking into…

Black personal finance influencers are making financial freedom a focus this Juneteenth

Troy Millings, left, and Rashad Bilal of Earn Your Leisure Source: Earn Your Leisure Social influencers focused on financial education for the Black community are emphasizing a message of financial freedom this Juneteenth as the nation commemorates the end of slavery in the United States. “I definitely feel the Juneteenth remembrance should have a level…

Starbucks’ North American head to leave the company as chain shakes up leadership

In this article SBUX A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks’ North American president Rossann Williams is leaving the company and will be replaced by the head of the coffee chain’s Asia Pacific division….

Warner Bros. is under pressure to address ‘The Flash’ star Ezra Miller’s spiraling legal scandals

In this article WBD Actor Ezra Miller arrives at the premiere of Warner Bros. Pictures’ ‘Justice League’ at Dolby Theatre on November 13, 2017 in Hollywood, California. Axelle | Bauer-Griffin | Filmmagic | Getty Images It’s time for Warner Bros. Discovery to talk about Ezra Miller, according to crisis management experts. The actor, who portrays…

SpaceX fires at least 5 employees after internal letter criticizes CEO Elon Musk

SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX has fired at least five employees involved in circulating a letter around…

Airline stocks tumble as economic concerns overshadow travel surge

An American Eagle aircraft taxis as a Southwest Airlines aircraft lands at Reagan National Airport in Arlington, Virginia, January 24, 2022. Joshua Roberts | Reuters Packed planes. Sky-high airfare. An end to Covid testing for international arrivals. So much is going in airlines’ favor these days — except their share prices. The sector’s latest drop…

‘Lightyear’ bans over same-sex kiss are unlikely to have a major impact on the Pixar film’s global box office

In this article DIS Buzz Lightyear and his robot companion Sox embark on an intergalactic adventure in Pixar’s “Lightyear.” Disney More than a dozen Asian and Middle Eastern countries will not releases Disney’s “Lightyear” in movie theaters over an animated same-sex kiss, but the ban likely won’t have a major impact on the film’s global…

Cosmetics giant Revlon files for Chapter 11 bankruptcy protection

In this article REV Daniel Acker | Bloomberg | Getty Images Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $575 million in debtor-in-possession financing from its existing lender base, which will…