American Airlines, Spirit cut summer profit forecast on costs

An American Airlines plane takes off above Spirit Airlines planes and other aircraft at Los Angeles International Airport (LAX) on June 1, 2023 in Los Angeles, California. Mario Tama | Getty ImagesAmerican Airlines and Spirit Airlines on Wednesday joined other carriers in warning that higher costs will hit profits during...

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Alza emerges from stealth to offer affordable and inclusive financial tools to immigrants

Arturo Villanueva spent over four years on Stripe’s financial partnerships team, where he led partnerships with Visa, Mastercard, American Express, and regional banks across Latin America, struck strategic deals with JPMorgan Chase, Wells-Fargo, and Bank of America in the U.S., and the underlying infrastructure partners for the fintech giant’s...

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Citigroup CEO Jane Fraser reorganizes business

Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, May 1, 2023.Mike Blake | ReutersCitigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.Fraser said in a release that Citigroup would be...

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Tipping in restaurants fell for the first time since 2020

Tipping 20% at a sit-down restaurant is still the standard in the U.S., according to most etiquette experts. Diners disagree.After holding steady for years, tipping at full-service restaurants fell to 19.4% in the second quarter of 2023, according to online restaurant platform Toast's most recent restaurant trends report, notching the lowest average since...

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