Lobbying World: Consumer Brands Association taps next president and CEO
of consumer brand association selected melissa hockstad He will assume the role of the organization's new president and CEO, effective January 6, 2025. Mr. Hochstad joins the company from American Cleaning Institute, where he has served as president and CEO since 2017. Mr. Hochstad will succeed David Chavern, who has been appointed chairman and CEO […]
Boeing machinists to vote on contract as company faces uncertain future
Striking Boeing machinists are scheduled to vote Wednesday on a temporary labor agreement that could end a weeks-long strike, but the company's future will not be questioned. The stakes of voting are high. The strike has cost companies, shareholders and employees billions of dollars since workers were fired on September 13th. Financial strain puts additional […]
Who is Mike Jeffries, ex-CEO arrested for sex trafficking?
(news nation) — Mike Jeffries, the former chief executive of Abercrombie & Fitch, had a long history of problematic behavior in and out of the boardroom before he was indicted Tuesday on multiple sex trafficking charges. jeffMr Rees, 80, who left Abercrombie in 2014, is best known for his time at the retail brand, which […]
Is this economy turning against cities?
The economic impact of the pandemic on urban real estate markets is well known, including soaring rent and mortgage rates, a significant drop in sales, and a general mismatch between housing supply and demand. But the pandemic has sparked an even more profound shift in the relationship Americans have with the properties in which they […]
IMF declares victory over inflation, boosts US economic outlook
International Monetary Fund (IMF) officials on Tuesday raised their outlook for the U.S. economy, raising the alarm on post-pandemic inflation and putting the United States at the center of global growth prospects among advanced economies. The IMF expects real gross domestic product (GDP) to grow by 2.8% this year, an upward revision from its July […]
IRS unveils 2025 income tax brackets: Where do you fall?
(NEXSTAR) — It’s official: 2025 will be the year millions of Americans earn more take-home pay with each paycheck thanks to the latest tax code inflation adjustments The IRS announced on tuesday. More than 60 tax provisions will change, all of which will impact the 2025 tax year. This means it won't apply until you […]
New CFPB rules aim to boost competition in financial services
The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a new law aimed at increasing competition that would require financial institutions, credit card issuers and other financial providers to allow consumers to transfer their data to other institutions. announced the rules. The CFPB stated: final rules Promote competition and consumer choice, lower loan prices, and […]
Democrats knock McDonald’s over price increases
A group of Democratic senators criticized McDonald's for its price hikes and its “dominant market position” as the nation's largest fast food chain. In a letter sent to McDonald's management, Sens. Elizabeth Warren (Massachusetts), Bob Casey (Pennsylvania), and Ron Wyden (Oregon) said: The company asked the CEO to explain the chain's pricing, which it said […]
Trump selling ‘MAGADonald’s’ shirts after drive-thru appearance
Former President Trump has been quick to take advantage of that by suspending his campaign in battleground Pennsylvania over the weekend, working at a McDonald's drive-thru and selling T-shirts commemorating the event. The shirt features a photo of the Republican candidate leaning out of a drive-thru window and waving, and reads “MAGADonald's.” “We have prepared […]
Cuban says Harris campaign rejected live X interview with Musk
Billionaire investor Mark Cuban said Monday that Vice President Harris' campaign has refused a live interview on social platform X with the platform's owner, billionaire Elon Musk. Cuban, who is campaigning as a vice presidential candidate, said in an interview on CNBC's “Squawk Box” that he has told the Harris campaign to facilitate a meeting […]