Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take on competitors, including rival Southwest Airlines.…
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Donatella Versace announced Thursday that she is stepping down as chief creative officer of Versace, ending her nearly 30-year-long stint at the Italian luxury fashion empire’s helm. Versace, 69, took on the role to lead the…
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FTC asks to delay Amazon Prime deceptive practices case, citing staffing shortfalls
by adminThe Federal Trade Commission asked a judge in Seattle to delay the start of its trial accusing Amazon of duping consumers into signing up for its Prime program, citing resource constraints. Attorneys for the FTC made the…
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Three separate outages appeared to hit Elon Musk’s X social media site Monday as he claimed it was suffering a ‘massive cyberattack.’ Downdetector.com first registered thousands of reports of trouble accessing or using the site…
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Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020. On Friday, Tesla wrapped up a seventh straight week of losses, its…
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Rules for repaying Social Security benefits are about to get stricter. Here’s what to know.
by adminIf you receive more Social Security benefits than you are owed, you may face a 100% default withholding rate from your monthly checks once a new policy goes into effect. The change announced last week by the Social…
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Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
by adminDick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and…
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Southwest Airlines will charge to check bags for the first time, launch basic economy tickets
by adminIt’s happening: Southwest Airlines will start charging passengers to check bags for the first time. It’s a stunning reversal that shows the low-cost pioneer is willing to part with a customer perk executives have said set it apart from…
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Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot
by adminThe Trump Organization sued Capital One in Florida on Friday for allegedly “unjustifiably” closing more than 300 of the company’s bank accounts on the heels of the Jan. 6, 2021, riot at the U.S. Capitol by a mob of President Donald Trump’s supporters.…
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For years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog — in the courts and media, portraying the agency as illegitimate and as unfairly targeting industry…