Business

Spirit Airlines Files Second Bankruptcy in Less Than One Year  Bloomberg.com Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year  CNBC Spirit Airlines files for second bankruptcy in a year as financial challenges persist  Reuters Spirit Airlines files for bankruptcy protection again  AP News Spirit Airlines bankruptcy filing: What it means for Labor Day flights, loyalty points, and …

Higher Prices Are Coming for Household Staples – WSJ  The Wall Street Journal ‘Sneakflation’: How Trump’s tariffs are gradually raising costs for American consumers  CNN Stanford Economists: Trump’s New Tariff Rules Will Fuel Inflation  Time Magazine Investors are ignoring the coming wave of tariff-driven inflation, Deutsche Bank warns  Fortune Have the Liberation Day tariffs raised prices in the Western US?  The Nevada Independent Source link

Taco Bell is rethinking its use of artificial intelligence (AI) to power drive-through restaurants in the US after comical videos of the tech making mistakes were viewed millions of times. In one clip, a customer seemingly crashed the system by ordering 18,000 water cups, while in another a person got increasingly angry as the AI repeatedly asked him to add …

The average price of a gallon of regular gas in the U.S. reached its lowest late-summer price of the past four years this month — but not in Oregon, where gas prices rose over the same time period. So far this month, the U.S. average for a gallon of gas has been about $3.13, a 3-cent drop from August 2021, …

JACKPOT INCREASE: $1 BILLION Powerball jackpot for tomorrow night!  Powerball Powerball jackpot skyrockets to an estimated $1 billion for Saturday’s drawing  New York Post Could the Powerball jackpot hit $1 billion? What to know about the next drawing  USA Today Two $200K Powerball tickets sold in Georgia; jackpot nears $1 billion  Atlanta News First Powerball jackpot hits $1 billion, largest prize of 2025! When …

The July PCE Inflation Data Are Out. What They Mean for Rates.  Barron’s Core inflation rose to 2.9% in July, highest since February  CNBC Americans kept spending last month despite elevated inflation  CNN PCE Inflation Stayed Stable in July, Keeping Fed on Track to Lower Interest Rates  The New York Times US consumer spending strong; core inflation warmer on services  Reuters Source link

Key Takeaways The July Personal Consumption Expenditures index showed that overall prices rose by 2.6% over the past year, meeting economists’ forecasts and matching the prior month’s results. The closely followed core PCE inflation reading ticked slightly higher from the prior month to 2.9%. Federal Reserve officials are closely monitoring inflation ahead of a possible interest rate cut next month. …

Greetings from Read Max HQ! In today’s edition, an examination of the “A.I. bubble,” various vibe shifts, and the long shadow cast by the crypto bubble over how we talk about it. A reminder: This newsletter is totally free to read, but it costs me hours of labor to produce: Reading, talking, writing, taking long walks, complaining to my wife, …

WASHINGTON (AP) — The Transportation Department on Friday canceled $679 million in federal funding for a dozen offshore wind projects, the latest attack by the Trump administration on the reeling U.S. offshore wind industry. Funding for projects in 11 states was rescinded, including $435 million for a floating wind farm in Northern California and $47 million to boost an offshore …

Eggs recalled after 100 people fall ill in 14 states  NewsNation Salmonella Outbreak Linked to Eggs Sickens 95 People  The New York Times Salmonella Outbreak Linked to Eggs  Centers for Disease Control and Prevention | CDC (.gov) Salmonella outbreak tied to recalled eggs has sickened 95 people since January  CNN More than 70 Californians sickened in salmonella outbreak tied to eggs recall  SFGATE Source link