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American Airlines is launching its first rotating collection of premium amenities Memorial Day Weekend. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAmerican Airlines is gearing up for summer travel with new luxury in-flight offerings for its customers. American is launching its first rotating collection of premium onboard amenities over Memorial Day Weekend. The offerings include new bedding, dining options, and an amenity kit program that lets premium passengers sample different skincare brands and products.
Persons: , Kim Cisek Organizations: Airlines, Service
More CEOs expect hybrid work is here to stay
  + stars: | 2024-04-11 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +5 min
"Hybrid is likely here to stay," Paul Knopp, chair and CEO at KPMG US, told Business Insider. AdvertisementThe survey of 100 CEOs of large US companies found that 46% of them expect what had been office roles will be hybrid, up from 34% in 2023. But corporate chiefs seem to be holding the line on remote work, with only 3% of top bosses backing fully remote work. AdvertisementSome seven in 10 CEOs said they expect to boost hiring during the next year, while only 4% expect to cut jobs during that time. AdvertisementNearly four in 10 CEOs expect their companies will move from AI pilots to broader use within their organizations during the next 12 to 18 months.
Persons: , It's, Paul Knopp, Knopp Organizations: Service, KPMG US, Business, America, KPMG,
Mounting geopolitical tensions stemming from conflict in the Middle East and Eastern Europe have helped drive oil prices to five month highs, challenging the Federal Reserve's fight against inflation. U.S. crude oil gained 4.5% this week, touching $87 a barrel on Friday before settling at $86.91. Rising energy prices may affect the timing or magnitude of interest rate cuts, he said. The Federal Reserve is focused on bringing down core inflation, which excludes volatile energy and food prices. Escalating attacks are coming against a backdrop of an already tightening global crude market.
Persons: Brent, Bart Melek, Andy Lipow, Lipow, Bob Yawger, Yawger, Netanyahu, Manish Raj, White, Biden, John Kilduff, Kilduff, Melek, Saudi Arabia doesn't Organizations: Federal, American Automobile Association, West Texas, TD Securities, Lipow Oil Associates, Mizuho Americas, Valero, Philips, Marathon Petroleum, Velandera Energy Partners, Kyiv, JPMorgan, Financial Times, Again Capital, Bank of America, Saudi Locations: East, Eastern Europe, Iran, Israel, Ukraine, Damascus, Kyiv, Ukrainian, Russia, Saudi Arabia
A four-day workweek could be the antidote to employee burnout. The biggest benefits of a four-day workweek: Happier, more productive employeesExos reports that six months after introducing a four-day workweek, business performance and productivity remained high, revenue increased and turnover dropped. But the biggest benefit of embracing a four-day workweek has been the increased efficiency, says Hill. Roughly 85% of Exos' employees work in-person, while the remaining 15% are hybrid or remote. How the four-day workweek is gaining momentum
Persons: Greg Hill, There's, Adam Grant, Marissa Shandell —, Exos, Hill Organizations: Fortune, Adobe, Humana, CNBC, Wharton School, Business Locations: U.S
A four-day workweek is inevitable thanks to AI, the billionaire hedge-fund boss Steve Cohen says. AdvertisementA four-day week is coming to the workplace, the hedge-fund giant Steve Cohen said. "My belief is a four-day workweek is coming," Cohen said. While Cohen expects a four-day workweek to eventually become reality, it probably won't for his employees or anyone else employed by investment firms. That is, unless the stock market also decides to adopt a four-day workweek.
Persons: Steve Cohen, Cohen, " Cohen, workweek Organizations: Asset Management, CNBC, New York Mets, PGA
Reuters —Venezuela is battling a record number of wildfires, according to data released on Monday, as a climate change-driven drought plagues the Amazon rainforest region. An aerial view shows a burned forest after a forest fire in Henri Pittier National Park on March 30. Leonardo Fernandez Viloria/ReutersA Bolivarian National Police helicopter flies over during a wildfire in the Henri Pittier National Park on March 29. The fires are blanketing with smoke Guayana City, Venezuela’s largest urban center in the Amazon, according to a Reuters witness. In Venezuela, Lozada, firefighters and other experts said the government response was lacking.
Persons: Manoela Machado, ” Machado, , , Carlos Carruido Perez, Henri Pittier, Leonardo Fernandez Viloria, Henri, Jose Rafael Lozada, Michael Coe, Lozada, Juan Carlos Hernandez, ” Lozada, Oxford’s Machado, William Lopez Organizations: Reuters —, Satellites, University of Oxford, Henri, Reuters, Bolivarian National Police, NASA, Universidad de Los, Research, AFP, Getty, “ Firefighters Locations: Reuters — Venezuela, Venezuela, South America, Pacific, Brazil’s, Brazil, Henri, Uverito, Manhattan, Universidad de Los Andes, Merida, Brazil’s Roraima, Roraima, Naguanagua, Carabobo State
AdvertisementThe much-coveted four-day workweek is back in the news this month after Sen. Bernie Sanders introduced new legislation and held a congressional hearing calling for a 32-hour national workweek. The buzz around a shorter workweek became a certified boom with the COVID-19 pandemic. AdvertisementThe four-day workweek has, in many ways, become shorthand for any shorter workweek, encompassing a wide variety of flexible schedules. Attracting top-tier employees is just one reason Dimitri Cavathas, CEO of Lower Shore Clinic, started considering a four-day workweek for his company. Lawmakers in several states have introduced legislation posing four-day workweek trials or research programs, including California, Massachusetts, Maryland, and Hawaii, though none have passed yet.
Persons: workweek, , Sen, Bernie Sanders, Richard Nixon, Alex Soojung, Kim Pang, haven't, Pang, You've, Phil McParlane, McParlane, Getty, nix, Dimitri Cavathas, Cavathas, Paul Sancya Organizations: Service, Global, Panasonic, Lower Shore Clinic, United Auto Workers, AP, Fortune Locations: Scotland, Maryland, Greece, The Maryland, California , Massachusetts, Hawaii, US
Read previewAdult film actor Stormy Daniels drops so many bombshells in the smart, surprisingly moving documentary, "Stormy," that it's no wonder former President Donald Trump's "hush money" case lawyers are now raging against it. 'Unacceptable'"Extraordinarily prejudicial," Trump's lawyers called the film in defense filings made public this week. There is also their client to consider, Trump's lawyers said, in the delay request made public Thursday. Trump's lawyers are meanwhile asking that Daniels — given name Stephanie Clifford — be barred from testifying at the hush-money trial. A still from the Peacock documentary, "Stormy."
Persons: , Stormy Daniels, Donald Trump's, Trump, Daniels, she'd, Stephanie Clifford —, Michael Cohen, Juan Merchan's, Peacock, Erin Lee Carr, Carr, Seth Rogen, Jimmy Kimmel, Melania Trump, Barron, It's, Trump's, — Daniels, Cohen, Sarah Gibson, Gibson, Michael Avenatti —, Avenatti, Donald Trump Organizations: Service, Business, NDA, Trump, Prosecutors, York, Southwest, Touch, National Enquirer, Wall Locations: Lake, Manhattan, Baton Rouge , Louisiana, Brooklyn, American
Bernie Sanders has introduced a bill to bring in a 32-hour workweek for American workers. Sanders introduced legislation for a four-day workweek on Wednesday, saying people are overworked. The four-day workweek has gained momentum in recent years, with trials showing it makes workers happier and more productive. AdvertisementBernie Sanders introduced new legislation on Wednesday calling for a 32-hour workweek in the US, which would see workers earn the same as they would during a 40-hour workweek. AdvertisementA 2023 McKinsey report found that tasks that make up 30% of people's work hours will be automated by 2030.
Persons: Bernie Sanders, Sanders, workweek, , Sen, Laphonza Butler, Mark Takano, Bill Cassidy, Sam Altman, I'm, Jo Sims Organizations: Service, Democratic, Wall, Republican, Health, Education, Labor, Pensions, New York Times, US Bureau of Labor Statistics, McKinsey, Business, Case Management Locations: California, Louisiana, Australia
Executives from several US carriers have expressed doubt about the Boeing 737 Max delivery schedule. Southwest expects 42% fewer jets this year, while United told Boeing to stop making the Max 10. AdvertisementCustomers may soon feel the impact of the Boeing 737 Max blowout as airlines face uncertainty about their future fleets. The airline also said it doesn't expect to receive any of the yet-to-be-certified Max 7s this year and removed them from its 2024 plan. Airlines may look to Airbus to grow their fleetsThe Airbus A320neo competes with the Boeing 737 Max.
Persons: , Max, Scott Kirby, Ed Bastian, Bastian, Richard Aboulafia, Michael O'Leary, Henry Harteveldt, Harteveldt, Kirby Organizations: Boeing, Max, Southwest, United, Service, Alaska Airlines, Delta Air Lines, Southwest Airlines, United Airlines, Bloomberg, JPMorgan, Delta Air, Ryanair, Airbus —, Airbus, Frontier Airlines, Spirit Airlines, Reuters Locations: Alaska, Delta
More than two decades ago, Wayne Jones traveled to Daytona Beach, then Florida’s spring break mecca, not to party but to study. Maybe Miami Beach, which had its own unruly scene every year over Memorial Day weekend, could learn a thing or two. Officer Jones is now Chief Jones of the Miami Beach Police. Last year, the police made more than 500 arrests and confiscated more than 100 guns over the spring break period. “This is going to be the best spring break ever,” he said in a recent interview at his South Beach office.
Persons: Wayne Jones, Jones, Organizations: Daytona, Miami Beach Police Department, Miami Beach Police, Miami Beach, South Locations: Daytona Beach
I drove 20 hours from Connecticut to Florida to save money on airfare. Next time, I'd gladly pay a little more to get my Disney World vacation started faster. AdvertisementBecause I live in Connecticut, flying to Orlando usually makes the most sense when I visit Disney World. In exchange for driving nearly 40 hours roundtrip, I saved about $300 on travel. Here are the pros and cons of driving from Connecticut to Florida instead of flying.
Persons: I'd, Organizations: Disney, Service Locations: Connecticut, Florida, Orlando
1 spot in its opening weekend with a strong $81.5 million in domestic sales, according to studio estimates. The sequel beat out the first Dune installment, which opened with $41 million when it was released in domestic theaters in October 2021. According to Comscore data, “Dune: Part Two” is the largest opening for Timothee Chalamet, Rebecca Ferguson and Austin Butler. Box office revenue is down 13.5% compared to this time last year, Comscore data shows. February and March have, over the past three years, reliably housed movie releases from established franchises and properties including “The Batman,” ($134 million opening weekend) “Creed III” ($58 million) and “Uncharted” ($51 million).
Persons: , Jeff Goldstein, Warner, Timothee Chalamet, Rebecca Ferguson, Austin Butler, It’s, Denis Villeneuve’s, Denis Villeneuve, Goldstein, Paul Dergarabedian, , III ” Organizations: CNN, Warner Bros . Pictures, Warner Bros, Warner Bros ., Dolby, Comscore, Studios
While cooling inflation and a robust GDP reading that smashed economists’ expectations are reasons to be optimistic about the US economy, one key economic engine seems to still be sputtering: small businesses. Small business owners say they’re still grappling with the hangover effects of inflation and a labor shortage, according to the National Federation of Independent Business’s most recent monthly survey, which was conducted in January. Dougherty said small businesses may be delayed in feeling the effect of easing inflation, but once businesses experience more prolonged stable prices, that may help their sentiment turn around. A recent survey of American Express small business customers indicated that some small business owners see strength in 2024. Half of the 557 US small businesses surveyed said they plan to grow or expand their businesses in the upcoming year.
Persons: Kevin Meehan, ­, he’s, ” Meehan, , hasn’t, Kevin Meehan RJacobsonPhoto, we’d, that’s, Everything’s, , Charles Dougherty, Sarah Cash, Cash, Sarah Cash Elise Kutt, “ I’ve, ” Cash, it’s, they’re, doesn’t, Sunny, Dougherty, Meehan, I’m Organizations: CNN, Kali, National Federation of Independent, , US Chamber of Commerce, American Express, Valentine’s Locations: Los Angeles, Wells Fargo, United States, Grand Rapids , Michigan
The head of the FAA told Congress how its panel is examining sleep science to help. Despite the best efforts of pilots and air traffic controllers, sometimes collisions do happen. It said the captain was distracted and confused by instructions from air traffic controllers, while the co-pilot lost track of the plane's location. Air traffic control fatigueOne major cause of near-misses is the strained workload of air traffic controllers. "Air traffic controllers are being required to do mandatory overtime," she said.
Persons: , Mike Whitaker, Whitaker, Rich Santa, Jennifer Homendy, Paul Rinaldi, Forbes, It's, Brad Surak Organizations: FAA, Service, New York Times, American Airlines, JFK, Delta Air Lines, JetBlue, Boston Logan International, Japan Airlines, Federal Aviation Administration, National Transportation Safety Board, National Air Traffic Controllers Association, Times, National Transportation Safety, Boeing Locations: Tokyo
With private-sector jobs seemingly becoming more precarious because of ongoing layoffs, alternative work schedules are another perk to government jobs. The US Office of Personnel Management uses alternative work schedules (AWS) as a joint term for flexible and compressed work schedules. A flexible work schedule (FWS) consists of core hours and flexible bands. Under a FWS, an agency may only have core hours from 11:30 a.m. to 1:30 p.m. with flexible hours from nine to seven. AdvertisementWhile no job is specifically excluded from working with this model, each government agency decides whether alternate work schedules are a good fit.
Persons: TikTokers, Organizations: Service, Corporate America, Management
London CNN —One year after the conclusion of the world’s biggest trial of a four-day work week, a large majority of companies that took part were still allowing their employees to work a shorter week and more than half had made the change permanent. All said the four-day week had a positive impact on their company. The Autonomy report also highlights the methods organizations have used to sustain a four-day week, including revising the norms around meetings, work communications and prioritization. “In this study, it has been clear the four-day week is not just a flash in the pan: companies around the UK have successfully been ‘making it stick’,” the authors wrote. There have been a number of experiments with the four-day week around the world, including a trial in 2022 across 33 companies, with the majority of workers based in the United States and Ireland.
Persons: , Juliet Schor Organizations: London CNN, Autonomy, Cambridge, Oxford, Boston College, Staff Locations: United Kingdom, United States, Ireland
Read previewThe vast majority of companies that took part in a massive UK trial of a four-day working week are still on the reduced schedule more than a year later, researchers said Wednesday. The report comes as a follow-up to results published from the largest-ever trial of a four-day working week completed so far. The trial involved about 2,900 workers, and took place from June to December 2022, with companies maintaining existing levels of pay. How the reduced working time was put in place varied from company to company, the study said. Ahead of the trial, companies committed to a two-month preparation period that included workshops and mentoring, as well as support from companies that had already made the move, the study said.
Persons: , Beatrice Nolan Organizations: Service, Business, Workers, UK's University of Cambridge, University of Salford, Autonomy Locations: New Zealand
Most companies involved in the world's largest trial of a four-day working week have made the policy permanent, according to a new report. Of the 61 British companies that took part in a six-month pilot in 2022, at least 54 (89%) said the policy was still in place, while 31 firms (51%) said they had permanently switched to a four-day working week. The companies involved were invited to take part in a follow-up study one year on from the world's biggest trial of a shorter working week to date. "Overall results have held and in some cases have even continued to improve," Schor said in a statement. Job satisfaction and sleep problems nudged down a bit, but the bulk of the original improvement remains."
Persons: Juliet Schor, Schor Organizations: Frankfurt Central, Autonomy, Boston College Locations: Frankfurt, Germany
New York CNN —“Madame Web” swung to No. In November, “The Marvels” saw a lackluster $47 million in domestic sales its opening weekend, and DC’s “Aquaman and the Lost Kingdom” opened in December to a feeble $27.6 million. It’s still too soon to estimate gross domestic sales for “Madame Web,” but, by the time it exited theaters, “Morbius” had made just $73 million. But “Madame Web,” which released February 14, struggled to gain upward momentum even along its six-day opening, which straddled two holidays: Valentine’s Day and Presidents’ Day. Recent months have seen musical box office hits like “Wonka,” “Mean Girls,” and successful concert films from both Beyonce and Taylor Swift.
Persons: , Bob Marley, Web, , BoxOffice, Shawn Robbins, Madame Web’s, ” theatergoers, DC’s, Paul Dergarabedian, ‘ Deadpool, Venom ”, It’s, Madame, Morbius ”, Robbins, “ Wonka, Beyonce, Taylor Swift, Bob Marley’s, ” Dergarabedian, Compton ” Organizations: New, New York CNN, Sony Pictures, Disney’s Marvel Studios, Marvel, Sony, BoxOffice Pro, Avengers, Warner Bros, CNN, Comscore, Locations: New York, Comscore
These bands of snow just completely have missed Hayward," Shawn Connelly, the Birkebeiner Ski Foundation's marketing and communications director, said. The climate crisis is altering our winters forever — making them warmer, shorter, and less predictable. "I could not have envisioned a scenario where we could not make snow or we had no snow in January. Peter McClellandWith warmer weather eating into the peak of the season, it's getting harder and harder to sustain a winter-based business. If we get low snow, we're going to find that snow and use it as best we can to get out there."
Persons: Jocie Nelson, Nelson, Hayward, Shawn Connelly, Alexander Gottlieb, Justin Mankin, Snowpack, Gottlieb, we're, Claire Wilson, couldn't, Wilson, It's, Peter McClelland, McClelland, we've, Glenn Albrecht, , Alexander Lee, it's, Kate Nordstrum, Nordstrum, Connelly, Alexandria Herr Organizations: Office, Northern, Nelson, Loppet Foundation, Alaska Pacific University, Loppet Locations: Minnesota, Hayward , Wisconsin, Midwest, Minneapolis, Minnesota's, Southwest, New York City, Great, Alexandria, Brooklyn
The sleepy United States box office finally lifted its eyelids over the holiday weekend. “Bob Marley: One Love,” a feel-good musical biopic, was on track to take in $33.2 million from Friday through Monday, for a strong total of roughly $51 million since opening on Valentine’s Day, according to Paramount Pictures. “Excuse me while I light my spliff,” read a celebratory post on the official X account for Marley, who died in 1981. “One Love,” which cost about $70 million to make, landed in what has emerged over the last year as a box office sweet spot — stories that feel both nostalgic and new — allowing it to overcome weak reviews, box office analysts said. “Madame Web” was on track to sell $17.6 million in tickets from Friday through Monday, for a total of $25.8 million since arriving on Valentine’s Day, according to Sony Pictures.
Persons: Bob Marley, , Marley, Madame Organizations: Paramount Pictures, Sony Pictures Locations: United States
High interest rates squeeze companies of all sizes, but that’s especially the case for smaller firms, unlike large companies better equipped to weather the storm. Before the Bell: How do the effects of higher-for-longer interest rates on companies vary by size? I think it might be a stretch to say that M&A activity picks up because of higher interest rates, so instead, it’s that if good businesses are beginning to suffer because of higher interest rates, then they might be more likely to be a target. Gas prices always rise as winter winds down because demand increases and gas stations must switch over to more expensive summer fuel. No matter the cause, rising gas prices are bad news for consumers already frustrated by the cost of living.
Persons: It’s, Bell, Lauren Goodwin, Matt Egan, , Patrick De Haan, doesn’t, ” Read, Raphael Bostic, Michelle Bowman, Philip Jefferson, Patrick Harker, Lisa Cook, Neel Kashkari, Christopher Waller Organizations: CNN Business, Bell, DC CNN, Federal Reserve, New York Life Investments, AAA, , HSBC, Walmart, Home Depot, Barclays, Caesars Entertainment, Nvidia, Rivian, Fidelity, Marriott, Intuit, Pacific Gas & Electric, Global, Chicago Fed, US Labor Department, National Association of Realtors, Warner Bros ., Icahn Enterprises Locations: Washington, Wingstop, United States
Either way, Washington paid little attention to his birthday according to Mountvernon.org, the website of the organization that manages his estate. The official designation is as Washington’s Birthday, although it has come to be known informally as Presidents Day. A small number of states, including Illinois, observe Lincoln’s birthday as a public holiday, according to the Library of Congress. And some commemorate both Lincoln and Washington on Presidents Day. The Uniform Monday Holiday Act took effect in 1971, moving Presidents Day to the third Monday in February.
Persons: George Washington, Alexis Coe, George of Washington, , “ It's, “ Jefferson, Lincoln, Washington, ” Coe, Marquis de Lafayette, , Coe, Thomas Jefferson, comte de Rochambeau, Seth Bruggeman, Bruggeman, Arbelbide, , ” Bruggeman Organizations: Washington, Temple University, Congressional Research Service, District of Columbia, Library of Congress, National Archives, The Locations: NORFOLK, Va, Washington, Virginia, Mount Vernon, Philadelphia, District, Illinois, Lincoln, The Republic, America
Don’t look now but gas prices are rising fast
  + stars: | 2024-02-16 | by ( Matt Egan | ) edition.cnn.com   time to read: +5 min
Gas prices always rise as winter winds down because demand increases and gas stations must switch over to more expensive summer fuel. No matter the cause, rising gas prices are bad news for consumers already frustrated by the cost of living. And they undercut the election year message of a White House that previously pointed to cheap gas prices as evidence that Bidenomics is working. First, oil prices — the main driver of retail gas prices — tend to increase during this time of the year. For instance, without the usual backstop, last summer’s historic heatwave that knocked some refineries offline unexpectedly lifted gas prices across the country.
Persons: New York CNN —, , Patrick De Haan, doesn’t, De Haan, That’s, Andy Lipow, It’s, BP’s Whiting, Whiting, Lipow, ” Lipow Organizations: New, New York CNN, AAA, , Lipow Oil Associates, , BP, heatwave Locations: New York, Washington, Southern California, Indiana, Midwest, Ohio, Illinois, Colorado , Utah, Arizona, New Mexico, Colorado, That’s, Israel, Iran, Saudi Arabia
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