Business
Spirit Airlines warned Tuesday that it may not make it through another year, citing concerns over its ability to raise enough cash, despite having successfully restructured its debt and emerging from bankruptcy just months ago. The beleaguered low-cost carrier said in a Securities and Exchange Commission (SEC) filing that it…
Dine Brands’ latest strategy goes beyond menu revamps, restaurant redesigns and social media campaigns, according to its CEO John Peyton. Instead, the company is focused on strategically combining its morning-focused brand, IHOP, with its evening-centric one, Applebee’s. The goal is to create a dual-branded model that allows it to capture…
E.J. Antoni, the economist tapped by President Donald Trump to lead the Bureau of Labor Statistics, suggested suspending the agency’s closely watched monthly jobs report, arguing that its underlying methodology, economic modeling and statistical assumptions are fundamentally flawed. In an interview with FOX Business ahead of Monday’s nomination announcement, Antoni…
Inflation increased in July and moved further away from the Federal Reserve’s target rate as central bank policymakers assess the health of the economy amid the president’s calls for interest rate cuts. The Bureau of Labor Statistics on Tuesday said that the consumer price index (CPI) – a broad measure…
Tech billionaire Elon Musk threatened to sue Apple for not featuring X – formerly Twitter – or its Grok artificial intelligence chatbot among its “Must-Have Apps” in the Apple Store. “Hey @Apple App Store, why do you refuse to put either 𝕏 or Grok in your ‘Must Have’ section when…
Throughout its existence, Fanatics, the global digital sports platform, has focused on creating, and enhancing, a unique, one-of-a-kind customer experience. That mission reached new heights on Tuesday, as Fanatics officially launched its new, enterprise-wide loyalty program: Fanatics ONE. It’s the company’s first cross-business loyalty program, which leverages the scale of its…
General Motors will restart work on its driverless-vehicle program, a year after shelving production of the Cruise Origin robotaxi when one struck and dragged a woman about 20 feet. GM confirmed the news in a statement to FOX Business on Monday.”We’re accelerating the development of autonomous driving technology capable of…
AOL, the company previously known formally as America Online, is discontinuing its Dial-up internet service after 34 years. The service will shutter on September 30, meaning “the associated software, the AOL Dialer software and AOL Shield browser, which are optimized for older operating systems and dial-up internet connections, will be…
President Donald Trump has pushed off imposing higher tariffs on China until November, just before additional tariffs were set to take effect Tuesday. An executive order from the president was signed Monday that will prevent higher tariffs from going into effect against China for another three months – until Nov.…
Federal Reserve Governor Michelle Bowman said in a speech over the weekend that she still sees three interest rate cuts this year after the Fed’s monetary policy panel left rates unchanged at their meeting in late July. Bowman, who serves as the Fed’s vice chair for supervision, spoke Saturday at…