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The Latest Breaking News on Business

Spirit Airlines shuts down after two bankruptcies and a failed rescue plan

Spirit Airlines is going out of business, canceling all of its flights, offering refunds and stranding current travelers.

Axios

Spirit Airlines says it is going out of business and ending operations 'immediately' after 34 years

The budget airline had hoped for a government bailout to arrive on Friday to prevent it from going out of business. The Trump administration announced on Friday that it had offered the airline its final proposal, but a deal could not be reached.

Euronews

Trump says a 'final proposal' to rescue Spirit Airlines is under consideration

President Donald Trump says his administration is still weighing a taxpayer-funded takeover of Spirit Airlines

The Independent UK

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Major UK kitchen company suddenly goes bankrupt in the US leaving customers desperate for refunds

One couple paid Wren Kitchens $38,000 and gutted their kitchen but say the company shut down before they received their remodel

The Independent UK

Alphabet Stock Dips Slightly as Q1 Earnings Highlight AI Cloud Boom and Regulatory Risks

Alphabet Inc. shares edged lower in midday trading Friday, trading around $384 after the tech giant delivered robust first-quarter results that underscored its dominance in search advertising and accelerating growth in artificial intelligence-powered cloud services. The modest decline of roughly 0.13 percent came amid broader market fluctuations as investors digested…

International Business Times

Bitcoin April Rally Fueled By Futures Trading As Spot Demand Weakens, Data Shows

CryptoQuant analysis and market data indicate leveraged derivatives activity drove Bitcoin's 12.7% monthly gain, while spot accumulation stayed negative amid geopolitical and macroeconomic pressures.

International Business Times

AI Investors Are Showing Fatigue, And That’s Bad News For Everyone

AI investors are reportedly feeling “fatigued” at throwing so much money at the technology. And, that should be terrifying for all of us.

The Mary Sue

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Why Is Spirit Airlines Shutting Down? Trump's $500 Million Rescue Deal Falls Apart as Carrier Runs Low in Cash: Report

Spirit Airlines is nearing shutdown after a $500 million government rescue deal failed, leaving it low on cash amid rising costs and competition.

International Business Times UK

Why Some Women Are Seeing Their Insurance Rates Spike

Insurance costs have been rising across the board, but many women are noticing sharper increases than expected. Whether it’s auto, health, or life insurance, the trend has sparked confusion and frustration. For some, the spike seems sudden, even without major lifestyle changes or claims. Others are seeing gradual increases that…

Budget and the Bees

Lilly's Double-Beat Widens the GLP-1 Gap—And a New Pill Could Make It Permanent

Eli Lilly's 2026 is off to a great start, with massive earnings and revenue beats and exciting updates about its latest GLP-1, Foundayo.

MarketBeat

The Federal Government Once Tried To Restrict Prediction Markets. Now It's Suing States To Save Them.

In a bid to “reaffirm its exclusive jurisdiction” over prediction markets such as Kalshi, the Commodity Futures Trading Commission is suing six states for interfering in federally regulated financial markets.

Reason

Nissan Kills Its EV Plans In America, Pivots To Trucks

Nissan no longer plans to build electric vehicles at its Canton, Mississippi, factory. After announcing a $500 million investment into the facility in 2021, with plans to build two EVs there, the automaker is now shifting focus and will build several new trucks instead.

Motor1

Spirit Airlines Reportedly Preparing To Shut Down As Government Bailout Plan Falls Apart

Spirit Airlines is preparing to cease operations as a potential government bailout seems to be falling apart, according to a new report.

International Business Times

John Deere Settled $99 Million Right-To-Repair Lawsuit, but Won’t Admit Any Wrongdoing

John Deere just offered $99 million and amendments to its repair policy to settle a right-to-repair lawsuit, but won't admit any wrongdoing, possibly due to a secondary ongoing lawsuit.

RideApart

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Euronews

Explained: The rules around package holiday surcharges – and which operators won’t be adding them

EU rules limit how much prices can increase by, and for what reasons. Here’s what you need to know.

GOBankingRates

How To Plan For Retirement If Your House Isn’t Paid Off

Low mortgage rates, longer retirements and rising home values could be changing the payoff debate. Here’s how future retirees can weigh cash flow and risk.

International Business Times UK

'Out of Touch' Starbucks CEO Tells Struggling Consumers to View $9 Lattes as an Affordable Luxury for the 'Experience'

Starbucks CEO Brian Niccol has sparked a viral backlash after framing nine-dollar lattes as a 'splurge' experience during a high-stakes 2026 earnings call.

MarketBeat

Sherwin-Williams: The Boring Beauty Play on Housing Recovery

Sherwin-Williams stock dips after earnings, but its long-term outlook as a housing recovery play and dividend compounder remains intact

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International Business Times UK

Apple's Record Quarter Decoded — China Surges 28%, iPhone 17 Demand Soars, Services Reach New High

Apple's fiscal Q2 saw record revenue driven by iPhone 17 demand and a 28 per cent sales surge in China, despite supply constraints. Tim Cook announces departure, with John Ternus as successor.

The Independent UK

Apple results: iPhone sales suffer because it can’t make enough as new CEO prepares to take over

Trouble getting enough chips could cause further problems, outgoing boss Tim Cook warns

The Guardian - US

Tim Cook takes victory lap as Apple’s financial results soar past Wall Street expectations

Company details $111.2bn in revenue in first earnings report after announcement of Cook’s pending departure

The Texas Tribune

High gas prices eating into Texans’ budgets, fueling inflation

The average price for a gallon of gas in Texas has risen from $2.55 in early February to $3.78 at the end of April.

Reason

China Blocks Tech Acquisitions To Weaken America. The U.S. Shouldn't Follow Suit.

China ordered Meta to roll back its acquisition of AI startup Manus on Monday.

The Independent UK

US national debt is now bigger than the economy for first time since World War II

Lawmakers urged to ‘stop the bleeding’ and put the country on a more sustainable fiscal path

The Independent UK

EU-Mercosur trade deal takes provisional effect, boosting hopes and concerns for millions

The long-awaited trade deal between the South American bloc Mercosur and the European Union is finally on, at least provisionally

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Luiz Inácio Lula da Silva

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