A Spirit Airlines plane at New York’s LaGuardia Airport. Leslie Josephs/CNBC Spirit Airlines’ accessible cash to keep operating won’t last long and a government rescue package is on the table, a lawyer for the struggling budget carrier said at a hearing Thursday. The company needs access to existing cash or new funding in the next…
Check out what’s clicking on FoxBusiness.com. A Florida produce distributor has recalled thousands of cantaloupes due to a potential risk of salmonella contamination, and now the U.S. Food and Drug Administration (FDA) is warning of an increased risk. The recall was first initiated last month, but the FDA upgraded it to Class I on April…
Some countries are doing business with Moscow, but Estonia, Latvia and Lithuania are maintaining their hard line. Source link
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OMAHA, Neb. (AP) — Union Pacific delivered 5% higher earnings in the first quarter as the railroad worked to prepare its case to convince regulators that its $85 billion acquisition of eastern rival Norfolk Southern is a good idea. The Omaha, Nebraska-based railroad said Thursday that it earned $1.7 … Source link
It’s the morning after Tesla’s (TSLA) closely watched earnings report, and, as always, it’s a bit of a spectacle on social media, with various hot takes on Elon Musk and his electric vehicle/robot/autonomous cab company. But the bottom line is this: We just witnessed a more reserved billionaire Musk on the earnings call. Right now,…
Genki Sushi expands with a new restaurant on Beach Walk in Waikiki near the Hard Rock Cafe Honolulu. Source link
SoftBank Group is seeking a $10 billion loan secured by its shares in ChatGPT maker OpenAI, Bloomberg News reported on Wednesday, citing sources. Source link
Pasadena Chamber of Commerce President and CEO Paul Little praised city staff efforts but warned that structural challenges continue to hinder economic growth among City businesses. “They are doing excellent work in supporting the business community in Pasadena,” Little wrote, pointing to programs such as façade improvements and micro-business grants. Despite those efforts, Little said…
Traffic in the strait has all but halted as Iran renews its attacks, striking two vessels on Wednesday. More than 300 ships linked to Iran have passed through the strait since the war began. Source link
