Category Archives: Business News
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
By DAVID KOENIG AP Airlines Writer Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in trave...
Nov 18, 2024
Stock market today: Wall Street tumbles as the "Trump bump" fades and vaccine makers sink
By STAN CHOE AP Business Writer NEW YORK (AP) - U.S. stocks tumbled Friday as the "Trump bump" that Wall Street got from last week's presidential election, along with a cut to interest rates by the Fe...
Nov 15, 2024
Stock market today: Wall Street drifts to a mixed finish after an inflation update
By STAN CHOE AP Business Writer NEW YORK (AP) - U.S. stocks drifted to a mixed finish Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month th...
Nov 13, 2024
Insurance magnate pleads guilty as government describes $2B scheme
CHARLOTTE, N.C. (AP) - An insurance magnate who was once a big political donor in North Carolina is in federal custody after pleading guilty in connection to what prosecutors call a $2 billion scheme ...
Nov 13, 2024
GM recalling big pickups and SUVs because the rear wheels can lock up, increasing risk of a crash
DETROIT (AP) - General Motors is recalling nearly 462,000 pickup trucks and big SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash. The recall in the U.S. cov...
Nov 13, 2024
Stock market today: Wall Street drifts as the Trump trade cools
By STAN CHOE AP Business Writer NEW YORK (AP) - U.S. stocks drifted lower Tuesday as momentum cooled for the torrid "Trump trade" that swept Wall Street following Donald Trump's presidential victory. ...
Nov 12, 2024
Trump has promised to 'save TikTok'. What happens next is less clear
By HALELUYA HADERO Associated Press After a tumultuous year filled with anxiety and a legal battle about its future in the U.S., TikTok may have just been thrown a lifeline by the man who was once its...
Nov 12, 2024
Stock market today: Most of Wall Street rises after the Fed cuts interest rates
By STAN CHOE AP Business Writer NEW YORK (AP) - Most U.S. stocks rose Thursday, as the Federal Reserve cut interest rates again to make things easier for the economy. The S&P 500 climbed 0.7% to a...
Nov 07, 2024
Stock market today: Amazon leads Wall Street higher
By STAN CHOE AP Business Writer NEW YORK (AP) - Amazon led U.S. stock indexes higher on Friday, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street fo...
Nov 01, 2024
Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slump
By STAN CHOE AP Business Writer NEW YORK (AP) - U.S. stock indexes edged lower Wednesday after drops for Eli Lilly and chip companies overshadowed a jump for Google's parent company. The S&P 500 s...
Oct 30, 2024