Ultra-low-cost carrier Spirit Airlines prepares to cease operations after a Trump administration bailout deal falls through, with Iran-war-driven oil prices proving the final blow.
US low-cost carrier Spirit Airlines ceases operations after rescue talks with the Trump administration over a $500m bailout package collapse.
The S&P 500 index closed at a new all-time high on Thursday, driven by an ongoing AI investment surge that powered tech stocks higher, with Apple leading Wall Street gains.
Driven by sustained AI investment enthusiasm, the S&P 500 and Nasdaq both hit all-time highs, with Nvidia’s market cap breaking above $5 trillion once again and Apple shares surging.
Traders warn that as global stockpiles continue to fall despite consumption cuts, oil prices could surge significantly within a month, causing widespread economic pain.
Tesla values Musk’s 2025 compensation at $158bn in SEC filings, but discloses he has not achieved any of the milestones required to receive the pay.
The US Treasury has issued a notice warning that any individual or company paying Iran a ’toll’ for passage through the Strait of Hormuz risks violating US sanctions.
Trump accuses EU of ’not complying’ with trade deal, announces tariff increase on European cars and trucks from 15% to 25%, and urges European automakers to build in the US.
US President Trump announced he will raise tariffs on EU imported cars from the current 15% to 25%, escalating transatlantic trade tensions.
The Real Greek, a well-known Mediterranean-style restaurant chain in the UK, is set to enter administration with all 28 outlets at risk of closure, highlighting the severe pressures facing Britain’s hospitality sector.