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Spirit Airlines, the ultra‑low‑cost carrier, is facing the prospect of stopping flights as soon as Saturday if it cannot obtain emergency funding or reach a last‑minute deal to continue operating. The uncertainty is...
Updated April 29, 2026 President Trump is extending a temporary waiver of the Jones Act for 90 days beginning at 12 a.m. ET on May 18, the White House said, aiming to help reduce fuel prices as the war in Iran continues...
Four of the largest technology companies reported quarterly results after Wednesday’s close, and markets finished the session lower as investors weighed heavy AI-related capital outlays against near-term returns. Meta...
Updated on: April 29, 2026 / 6:37 PM EDT / CBS/AP Elon Musk told a federal court Wednesday that he was a "fool" for helping finance the creation of ChatGPT maker OpenAI, testifying in a civil suit he filed against the...
Updated April 29, 2026 — Federal Reserve Chair Jerome Powell said Wednesday he will remain on the Fed’s Board of Governors after his term as chair ends in May, a decision he announced as the central bank left its...
Speaking at his final press conference, Federal Reserve Chair Jerome Powell described leading the central bank as "a privilege." The remarks followed the Fed's announcement to keep interest rates unchanged for a third...
Oil prices climbed as diplomacy between Washington and Tehran faltered, leaving the Strait of Hormuz constrained and markets anxious about a wider regional escalation. An impasse over shipping access and Iran’s nuclear...
Prediction markets — online platforms where people wager on the outcomes of elections, wars, policy decisions and other events — are facing growing scrutiny after a string of high-profile incidents that critics say look...
Washington — Chevron’s CEO said commercial ships will likely need U.S. Navy escorts when the Strait of Hormuz reopens to ensure crew and cargo safety.
Overview: A new survey finds employers expect to boost hiring of recent college graduates by just over 5% this spring compared with a year earlier. Separate data show the unemployment rate for young college graduates...
The White House is considering invoking the Defense Production Act to help keep Spirit Airlines operating, according to sources familiar with internal discussions. President Trump has signaled openness to federal...
Updated April 23, 2026 — President Donald Trump said he is considering a taxpayer-funded takeover of Spirit Airlines with the aim of selling the budget carrier later if oil prices fall. The president confirmed interest...
