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A Spirit Airlines jet takes off above two United Airlines airplanes at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey. Gary Hershorn | Getty Images LONG BEACH, Calif. — United Airlines CEO Scott Kirby on Thursday predicted Spirit Airlines is going out of business and said the once-profitable discount airline model is … Read more
General Fusion, a Canadian nuclear fusion energy startup, announced today that it had been thrown a lifeline in the form of $22 million in fresh funding. The company had laid off at least 25% of its employees in May in a bid to shore up its stretched finances. At the same time, CEO Greg Twinney … Read more
U.S. stocks are hanging around their record levels on Friday as Wall Street heads toward the finish of another winning week. The S&P 500 edged down by 0.1% from the all-time high it set the day before, but it’s still on track to close its fourth winning week in the last five. The Dow Jones Industrial Average … Read more
An adjustment period. Khloé Kardashian has candidly discussed the challenges of having a child via surrogacy. The reality star became a mother for the first time when she welcomed daughter True in April 2018 with Tristan Thompson. The former couple, who began their on-again, off-again romance in 2016, expanded their family again in the aftermath … Read more
In March, the AI data center company CoreWeave went public, and its share price quadrupled amid the broader artificial intelligence boom. But AI wasn’t always the company’s focus. It started in 2016 as a specialist in crypto mining—a term for using computers to process transactions and secure a cryptocurrency’s network. Amid crypto’s volatile ups and … Read more
Before taking office last July, UK Chancellor of the Exchequer Rachel Reeves met business leaders over a series of breakfasts that became known as the smoked salmon and scrambled eggs offensive. British bosses were clamoring for change after 14 years of rule by the opposition Conservative party, and her pitch went down well. But a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ministers have announced a £500mn scheme to help disadvantaged children that apes one of the most popular policies of the Tony Blair government. Sir Keir Starmer’s government is seeking to get back on the front … Read more
Republicans are struggling to devise a solution to the health care problem their package has created. Already, estimates say 10.9 million more people would be without health coverage under the House-passed version of the bill. GOP senators have proposed steeper reductions, which some say go too far. “The Senate cuts in Medicaid are far deeper than the House cuts, and … Read more
NEWYou can now listen to Fox News articles! Alex Bregman may not be available to play for the Boston Red Sox right now, but that didn’t stop him from trying to inspire an offensive rally Friday night. It was with his mustache, not his bat. Baseball players are some of the most superstitious athletes in … Read more
The European Central Bank’s easing cycle reached the one-year mark Thursday when policymakers delivered another interest rate cut as concerns mount about the struggling eurozone economy and global trade tensions. The ECB cut its key deposit rate a quarter point to two percent, as widely expected, its seventh consecutive reduction and eighth since June last … Read more
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