Business News
What to know for booking summer travel: Expert tips on airfare, destinations and more
(NEW YORK) -- As the surge of summer travel draws near, the race to book a great vacation is on."If you're looking to travel domestically within the U.S., I think you should be booking now for summer travel," Clint Henderson, travel expert and managing editor of The Points Guy, told…
Superfakes: Copycat manufacturers are becoming increasingly skilled at producing knock-off designer handbags
(NEW YORK) -- Counterfeit luxury handbags have become a social media phenomenon. Instead of cheaply made knockoffs, the latest crop of counterfeit handbags, known as "superfakes," looks very similar to the authentic luxury item.As high-end luxury brands including Hermes, Chanel, and Prada have boosted their prices in recent years, many…
Are lab-grown diamonds as sustainable as advertised?
(NEW YORK) -- The natural diamond industry has been fueled by a glittering marketing strategy for decades, but is the sustainability of modern, lab-grown diamonds as clear-cut as consumers believe?Since De Beers Group's 1940s "a diamond is forever" advertising campaign, dubbed by Advertising Age as the "slogan of the 20th…
Corporations struggle on climate goals amid backlash over ‘woke capitalism,’ experts say
Corporate America took notice four years ago when Larry Fink, CEO of investment giant BlackRock, declared climate change a top concern. “Climate risk is investment risk,” Fink wrote in an annual letter popular in C-suites.His latest letter, released last month, spans well over 100 paragraphs before the first mention of…
Volkswagen workers in Tennessee have voted to join UAW, union says
(CHATTANOOGA, Tenn.) -- In a seismic union election Friday evening, Volkswagen workers in Chattanooga, Tennessee, voted to join the United Auto Workers Union.The workers voted 2,628 to 985 for union representation, according to a spokesperson for the National Labor Relations Board."There were seven challenged ballots that won’t be counted, because…
UAW vote at Tennessee plant will test resurgent labor movement
(NEW YORK) -- Carmakers and labor leaders are closely watching for results to be released on Friday in a seismic union election that could supercharge organizing in the nation’s auto sector and demonstrate the strength of a resurgent labor movement through a victory in the South, a region typically resistant…
What is a tourist tax? Fees for foreign tourists at hot summer destinations
(NEW YORK) -- Barcelona is among the top 20 summer destinations of 2024, and for anyone planning to visit the bustling Mediterranean metropolis known for its art and architecture, or other tourist-filled hotspots during high-season, there may be some additional costs to consider.Many countries across Europe including Spain, Greece, and…
New Beyond Meat plant-based beef made with avocado oil for nutrient-dense, simplified ingredients
(NEW YORK) -- Beyond Meat has pared down its ingredient list and upgraded the recipe to add more nutrient-dense plant-based ingredients -- including heart-healthy avocado oil -- for its latest innovation of the plant-based meat alternative.The California-based company announced its new and improved Beyond Meat IV on Thursday as two…
Dr Pepper announces brand-new creamy coconut flavor
(NEW YORK) -- Dr Pepper has a new flavor hitting stores soon to jumpstart the summer mood.The soda company announced that Dr Pepper Creamy Coconut and Creamy Coconut Zero Sugar drinks are coming to stores starting May 1."Dr Pepper Creamy Coconut brings together the perfect combination of the original 23…
Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp
(NEW YORK) -- Red Lobster is in hot financial waters, attempting to stay afloat by eyeing Chapter 11 bankruptcy to restructure its debts after an endless shrimp promotion sank the seafood restaurant chain's bottom line, Bloomberg reported this week.According Bloomberg, the restaurant is considering filing for Chapter 11 on the…