Companies losing pricing power after years of unbridled spending

Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021.Nina Westervelt | Bloomberg | Getty ImagesAfter years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power.Shipping giant...

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Boeing urges inspections of 737 Max planes for ‘possible loose bolt’

The Boeing 737 MAX aircraft is displayed at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022.Peter Cziborra | ReutersBoeing is urging airlines to inspect 737 Max planes to look for a "possible loose bolt" in the rudder control system, the latest quality issue to affect the manufacturer's...

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FedEx (FDX) earnings 2Q 2023

A FedEx plane carrying Ya Ya, a female giant panda that has lived in the United States for two decades, lands at Shanghai Pudong International Airport on April 27, 2023 in Shanghai, China.Vcg | Visual China Group | Getty ImagesFedEx shares tumbled 8% in after-hours trading Tuesday after the...

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Southwest Airlines, pilots union reach labor deal

Southwest Airlines ranked as the second best domestic airline, according to Bounce's 2023 Airline Index.Aaronp/bauer-griffin | Gc Images | Getty ImagesSouthwest Airlines and its pilots' union have reached a new preliminary labor agreement, ending months of tense negotiations.Southwest is the last of the largest U.S. airlines to strike a...

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Southwest fined $140 million for last year’s holiday meltdown

The U.S. Department Transportation on Monday said it fined Southwest Airlines $140 million for violating consumer protection laws during last year's holiday meltdown that stranded millions of customers following severe winter weather.The DOT said the fine is 30 times larger than any fine it has issued for consumer protection...

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