JetBlue Airways faces a quarter-century crossroads after Spirit rejects its takeover offer

Spirit CEO says he wonders whether JetBlue's bid was meant to block Frontier deal

[ad_1] A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. (Joe Cavaretta/Sun Sentinel/Tribune News Service via Getty Images) Joe Cavaretta | Sun Sentinel | Getty Images JetBlue Airways is at a nearly quarter-century crossroads. The airline’s first flight took off from … Read more

Here’s where the jobs were in April 2022 — in one chart

Elon Musk denies claim by Truth Social boss that Trump encouraged him to buy Twitter

[ad_1] Arrows pointing outwards Strong hiring in the manufacturing, transportation and warehousing and health-care sectors during April helped the U.S. economy notch its 12th straight month of job gains of 400,000 or more. The U.S. economy added 428,000 jobs last month, the Labor Department reported Friday, the same gain as in March that followed a … Read more

Elon Musk denies claim by Truth Social boss that Trump encouraged him to buy Twitter

Elon Musk denies claim by Truth Social boss that Trump encouraged him to buy Twitter

[ad_1] Elon Musk, CEO of Tesla, speaks to media representatives at the Tesla Gigafactory construction site In Grünheide near Berlin, September 3, 2020. Julian Stähle | picture alliance via Getty Images Elon Musk on Friday flatly denied a claim by the head of ex-President Donald Trump‘s new social media company that Trump had encouraged Musk’s … Read more

CDC investigating 109 cases of severe hepatitis in kids across two dozen states, including 5 deaths

CDC investigating 109 cases of severe hepatitis

[ad_1] The Centers for Disease Control and Prevention is investigating 109 cases of severe hepatitis in children, including five deaths, to determine a cause, with adenovirus infection as a primary line of inquiry, the public health agency said Friday. More than 90% of the children were hospitalized and 14% required liver transplants, according to the … Read more

Peloton shares plummet after company posts huge loss and offers weak guidance

Peloton shares plummet after company posts huge loss and offers weak guidance

[ad_1] A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wider-than-expected quarterly loss and a steep decline in sales, as inventories piled up in warehouses and ate away at the company’s cash.  The … Read more

Stock futures are lower after S&P 500 falls to its lowest level in more than a year

Stock futures

[ad_1] U.S. stock futures were lower on Monday night after the S&P 500 fell to its lowest level in more than a year. Dow Jones Industrial Average futures fell by 71 points, or 0.2%. S&P 500 and Nasdaq 100 futures shed 0.23% and 018%, respectively. Shares of AMC gained more than 2% while Novavax plunged … Read more

Lordstown’s future is at stake as it burns through cash and faces a crucial deal deadline next week

[ad_1] The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric vehicle start-up Lordstown Motors said it’s on track to begin production of its Endurance pickup in the third quarter, about a … Read more

Inflation outlook for consumers falls from record, Fed survey shows

[ad_1] A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Consumers grew a little more optimistic about inflation in April, though they still expect to be spending considerably more in the year ahead, a Federal Reserve survey released Monday shows. Inflation … Read more