Spirit Airlines, after months of financial struggles and a failed merger with JetBlue, files for bankruptcy protection but continues operations, securing $350M in funding.
Industry
China Enforces Ban on Gallium, Germanium, and Antimony Exports to US, Citing Military Concerns
China bans gallium, germanium, and antimony exports to the U.S., citing national security, following recent US semiconductor restrictions, straining global supply chains.
Trump's Tariff Threats Could Hurt Iconic Mexican Exports Like Avocados and Tequila in the US
Donald Trump's proposed tariff on Mexican goods, including avocados and tequila, could increase prices, reduce demand in the US, and harm both Mexican farmers and US consumers.
Trump's Trade Chief May Revoke China's Trade Privileges With Stricter Export and Investment Controls
Trump's trade nominee Jamieson Greer plans bold measures to reduce US-China economic reliance through tariffs, export controls, and boosting domestic industries.
IRS Could Lose $20B and Face $140B National Deficit in Enforcement Funds Under Trump Administration's Cuts
The IRS faces a potential $20 billion funding loss due to complex legislative issues, which could hinder audits, tax collection, and increase the national deficit by $140 billion.
Latest News
Jake Paul's upcoming fight with Mike Tyson is set to break records for the biggest boxing gate outside Las Vegas, with over $17.8 million in revenue and massive global attention.
Trump's economic policies could push mortgage rates to 6.79%, making homeownership less affordable for many.
Bitcoin surged to a record $82,000 as Trump's pro-crypto stance fueled investor confidence in a favorable regulatory environment.
Trump's proposed 25% tariff on Mexico could raise supply costs for major companies like Unilever and P&G, impacting U.S. consumers' prices.
China urges renewed US cooperation as Trump's re-election raises concerns over possible tariffs, with analysts debating impacts from potential 10% to 60% increases.
Banks are increasingly favoring Trump's return, expecting looser regulations and boosted profits through Wall Street deals.
Got an innovative business idea? These 4 inspiring success stories from entrepreneurs might be your guiding light.
Microsoft CEO Satya Nadella's $79.1 million pay for 2023 reflects the company's strong performance, despite his requested pay cut due to cybersecurity issues that affected government accounts.
Boeing is considering selling parts of its space business, including Starliner, due to delays and rising costs from a machinist strike.
