British ACMI provider Ascend Airways has closed operations with immediate effect. The Avia Solutions-owned airline in its modern form made its inaugural commercial flight just two years ago in April 2024. Ascend will surrender its UK Air Operator’s Certificate (AOC) and return its fleet of six Boeing 737 MAX 8 aircraft to leasing companies, citing…
Check out what’s clicking on FoxBusiness.com. Subway is rolling out a new value menu featuring 15 items priced under $5 at participating locations across the United States, according to the company. The offering includes several 6-inch sandwiches and wraps priced at $3.99, as well as a rotating “Sub of the Day” available for $4.99. Customers…
Forbes Media Chairman and editor-in-chief Steve Forbes discusses the Department of Justice’s decision to close its investigation into Federal Reserve Chair Jerome Powell on ‘The Bottom Line.’ The Federal Reserve will announce its latest interest rate on Wednesday when Fed Chair Jerome Powell will host what may be his final news conference as the leader…
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images The U.S. Treasury warned financial institutions Tuesday that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil. The…
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As the Trump administration pressures ABC to fire Jimmy Kimmel, the Trump-aligned FCC is challenging the network’s station licenses, setting up a legal battle with ABC’s parent company Disney. “Disney’s ABC is hereby directed to file license renewals for all of their licensed TV stations within 30 days — in other words, by May 28,…
Shares of companies tied to artificial intelligence infrastructure fell Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions about whether the pace of spending across the sector is sustainable. Oracle, which has a $300 billion, five-year partnership to supply computing power to OpenAI for AI operations, dropped 4%….
The United Arab Emirates said Tuesday that it would leave OPEC, the Organization of the Petroleum Exporting Countries, which coordinates oil output among leading energy producing nations. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The departure from OPEC will likely lead the UAE to boosting energy output….
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What happened: Oracle (ORCL) and CoreWeave (CRWV) came out in support of OpenAI on Tuesday after the Wall Street Journal reported that the AI developer recently missed sales and user targets, renewing concerns about overspending in the sector. Stock market reaction: Shares of companies partnering with OpenAI sank after the report signaled that OpenAI’s business…
