Spirit shuts down: thousands of jobs lost and ticket rules
Spirit Airlines has ceased operations, grounding much of its fleet. What passengers need to know about refunds, vouchers and temporary rebooking options.
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6 min read
Finance — Page 6
Latest in Finance
RBI's Rs 1 Lakh-Crore NBFC Rule Could Force Tata Sons IPO
RBI's draft sets NBFC upper-layer threshold at Rs 1,00,000 crore and counts indirect group funding as public money, which could trigger a Tata Sons IPO.
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5 min read
Musk $38M Suit: Judge Rebukes Terminator Talk
Musk testified in an Oakland trial over his $38M suit against OpenAI. The judge barred 'Terminator' testimony to keep the case focused on money and the governance dispute.
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4 min read
Top Carriers Reroute as Hormuz Traffic Falls 95%
Hormuz traffic has fallen about 95%, forcing carriers to reroute and lengthen voyages. It outlines shifting shipping patterns and pressure on chokepoints.
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4 min read
Inflation and stocks widen wealth gap, New York Fed says
New York Fed: inflation and stock-market rallies since 2023 widened the U.S. wealth gap, with the top 1% gaining far more real net worth than the bottom 20%.
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4 min read
86% Don't Brush After Lunch; Employers Say Smiles Matter
A dental survey found most people skip brushing after lunch, and employers say a good smile influences workplace impressions. Practical office tips.
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6 min read
Triceratops at $4.5M Estimate as Fossil Market Soars
Joopiter will auction Trey, a Triceratops skeleton, March 17-31 with a $4.5M-$5.5M estimate, pushing prices and sparking access and provenance debate.
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4 min read
Moderna stock jumps 6% after FDA reopens flu-shot review
Moderna shares rose after the FDA agreed to review its seasonal flu vaccine, setting an Aug 5 decision date as the company seeks approval for older adults.
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4 min read
Goldman Traders Brace After $910M Miss, Warn of Froth
Goldman Sachs missed Q1 by about $910M as fixed-income revenue fell, forcing traders to reassess positions amid crowded markets and pockets of froth.
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5 min read
Trump Keeps Iran Blockade; Brent Tops $119
Brent crude topped $119 as Trump's U.S. naval blockade of Iranian ports cut exports. Kpler and Rapidan data show tighter supply and rising fuel costs.
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5 min read
ECB Hold Leaves Two Paths for Central Banks
ECB hold gives policymakers time to weigh inflation and geopolitical risks, creating divergent policy paths that shape currency flows and corporate earnings.
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4 min read
Berkshire down 12% since Buffett left, why that may help
Berkshire shares fell roughly 12% after Buffett handed control to Greg Abel. This explains the sell-off drivers and why the dip could be constructive.
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5 min read
Oracle Down Over 50% as Most Analysts Still Rate It a Buy
Oracle shares are down over 50% from last year's peak while most analysts still rate it a buy. Key points: cloud growth, $553B backlog, $149B debt.
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4 min read
Exxon Q1 $1.16 EPS Beats Estimates After Iran War Hit
Exxon Q1 earnings: adjusted EPS $1.16 beat $1.00 LSEG estimate as higher oil prices and Permian, Guyana output offset Iran cargo losses and timing hits.
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4 min read
Bolivia Eyes Tourism to Recover From $3 Billion Loss
Bolivia tourism could help earn foreign exchange after 2024 protests and supply shocks. We examine barriers like security, fuel and infrastructure.
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5 min read
Consumer Sentiment Plunges 11% to Record Low as Jobs Rise 178,000
Consumer sentiment dropped sharply even as the economy added jobs, highlighting mixed signals for households and businesses as inflation and uneven hiring shape spending.
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4 min read
Mali capital sealed as Russia pulls back from Kidal
Islamist FLA fighters sealed Mali capital after Russian forces withdrew from Kidal, isolating the city and raising doubts about foreign troops and aid.
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3 min read
S&P Futures Up 0.4% After Mega-Cap Earnings, Oil Falls
S&P futures rose after mega-cap earnings and beats from Amazon and Caterpillar, while oil prices fell as mixed GDP and jobs data plus a Fed policy hold left growth outlooks murky.
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4 min read
BOE Holds at 3.75%, Warns of Inflation Risk
Bank of England held Bank Rate at 3.75% after an 8-1 split, warns of higher inflation risk from an energy shock as officials watch pay and food prices.
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4 min read
BOE holds rates at 3.75% as officials flag possible hikes
BoE holds the Bank Rate at 3.75% after an 8-1 MPC vote, presenting three inflation scenarios tied to energy prices and warning hikes remain possible.
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4 min read
Hedge Funds Back Oil, Profit From Shorting Renewables
Some hedge funds moved into oilfield services after Middle East tensions and reported gains, while others profited by shorting renewable energy stocks.
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4 min read
Bank of England Holds Rates at 3.75%, MPC Votes 8-1
Bank of England MPC voted 8-1 to hold Bank Rate at 3.75%. Huw Pill dissented. The Bank will reassess in June as energy-driven inflation and wages evolve.
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4 min read
10-Year Yield Rises 6bps After Fed Vote; Oil Near Four-Year Highs
The 10-year U.S. Treasury yield rose about 6 basis points to 4.416% after the Fed held rates. Oil surged near four-year highs as markets await March PCE inflation data.
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4 min read
3 Fed dissenters rattle bond investors
Three Fed dissenters voted against a 25 basis-point cut, leaving year-end rates near current levels. Bond investors weigh if yields fall or remain higher.
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4 min read
Eli Lilly Q1: Wall Street Sees $6.66 EPS, $17.6B
Eli Lilly reports Q1 results Thursday; analysts expect $6.66 adjusted EPS and $17.62B revenue, led by Mounjaro and Zepbound amid guidance questions.
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5 min read