Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | South Florida Sun-sentinel | Getty Images Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023, sending shares soaring more than […]
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Spirit Airlines stock jumps 17% after raising fourth-quarter forecast
Spirit Airlines jetliners on the tarmac at Fort Lauderdale Hollywood International Airport. (Joe Cavaretta/South Florida Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | South Florida Sun-sentinel | Getty Images Spirit Airlines on Friday raised its financial forecast for the fourth quarter of 2023, sending shares soaring 17% after […]
Wayfair to lay off 13% of workforce, impacting 1,650 employees
Wayfair IPO on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Wayfair is cutting 13% of its global workforce as the digital home goods retailer looks to trim down its structure, cut out layers of management and reduce costs, it announced Friday. The company plans to […]
Sweetgreen wants to be the ‘McDonald’s of its generation.’ This rival salad chain could beat it
The drive-thru entrance to a Salad and Go location. Source: Salad and Go When Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman said the salad chain aspired to be the “McDonald’s of its generation.” But another salad rival could beat Sweetgreen to the punch: Salad and Go. […]
Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers
US President Joe Biden speaks at Abbotts Creek Community Center during an event to promote his economic agenda in Raleigh, North Carolina, on January 18, 2024. Saul Loeb | AFP | Getty Images The Biden administration announced on Friday that it would forgive $4.9 billion in student debt for 73,600 […]
Houthis embrace ‘direct confrontation’ with U.S. as Biden admits airstrikes aren’t working
Houthi followers lift rifles and shout slogans against the U.S.-U.K. during a tribal gathering on January 14, 2024 on the outskirts of Sana’a, Yemen. Mohammed Hamoud | Getty Images DUBAI, United Arab Emirates — Yemen’s Houthi rebels are enthusiastically “confronting America directly,” the organization’s leader said in a televised speech, […]
Grayscale CEO says most of the 11 approved bitcoin ETFs won’t survive, defends highest fees in industry
Michael Sonnenshein at the 2022 Forbes Iconoclast Summit at New York Historical Society on Nov. 3, 2022. Arturo Holmes | Getty Images Entertainment | Getty Images DAVOS, Switzerland — Grayscale Investments CEO Michael Sonnenshein told CNBC that most [says all 11 in the headline, summary and key point though] of the […]
OpenAI’s Altman says U.S. and AI will be ‘fine’ no matter who wins White House after Trump’s Iowa landslide
Sam Altman, chief executive officer of OpenAI, at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Monday, Dec. 11, 2023. Dustin Chambers | Bloomberg | Getty Images DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said generative artificial intelligence as a sector, and the U.S. as […]
Amazon names logistics head as new AWS CFO
The Amazon Web Services logo at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket | Getty Images Amazon said on Thursday that John Felton, the company’s top logistics executive, will take over as chief financial officer of its AWS cloud computing unit. In a blog post, […]
India’s consumption growth is set to accelerate as Goldman predicts ‘affluent’ Indians to nearly double
The increase in wealth has been seen from stronger retail participation, larger investments into the Indian stock markets, and gold and property purchases. Sopa Images | Lightrocket | Getty Images Rising disposable incomes are set to power India’s consumption story, further boosting the country’s consumer sector that is fast becoming […]