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Spirit Airlines doomed by high fuel prices due to 'recent geopolitical events,' court docs state
Spirit Airlines said in court papers filed Monday that it was forced to ground its fleet for good over the weekend because "recent geopolitical events resulted in a massive and sustained increase in fuel prices."While the court papers did not specify the nature of those geopolitical events, jet fuel prices have soared in the two months since the start of the war in Iran."The Debtors and their advisors searched for increased capital and any sources of savings or liquidity, leaving no option unexp
GameStop’s ‘Highly Confident’ $20 Billion TD Letter Echoes Drexel
GameStop Corp.’s audacious $56 billion bid for eBay Inc. is relying on a tactic made famous by the corporate raiders of the 1980s to help prove it has the means to carry out the deal — if not the cash in hand.
Fed’s Williams Says Rates Well Positioned Amid War Uncertainty
Federal Reserve Bank of New York President John Williams said the US central bank’s current stance balances risks to price stability and full employment amid “notable” supply-chain disruptions from the Iran war.
Inside the First Berkshire Shareholder Meeting With Greg Abel as CEO
Greg Abel lead the Berkshire Hathaway Inc. shareholders meeting on Saturday for the first time as CEO. It was very different compared to when Warren Buffett ran the program. Matthew Palazola of Bloomberg Intelligence was there and came on Bloomberg Radio to talk about what he saw. (Source: Bloomberg)
Derby-winning trainer hopes more women will succeed after historic win
U.S. Kentucky Derby-winning trainer Cherie DeVaux hopes more women will succeed in horse racing after historic win By Alex Sundby Alex Sundby Senior Editor Alex Sundby is a senior editor at CBSNews.com. In addition to editing content, Alex also covers breaking news, writing about crime and severe weather as well as everything from multistate lottery jackpots to the July Fourth hot dog eating contest. Read Full Bio Alex Sundby May 4, 2026 / 12:40 PM EDT / CBS News Add CBS News on Google Cherie De...
The Met Gala 2026: Everything we know about 'fashion's biggest night'
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Park Chan-wook’s Cannes Jury 2026 Adds Demi Moore, Chloé Zhao, Stellan Skarsgård and More
Demi Moore, Chloé Zhao and Stellan Skarsgård will sit on Park Chan-wook’s jury at this year’s Cannes Film Festival. The jury will be completed by Irish-Ethiopian actress and producer Ruth Negga, Belgian director and screenwriter Laura Wandel, Chinese director and screenwriter Chloé Zhao, Chilean filmmaker Diego Céspedes, IvorianAmerican actor Isaach De Bankolé and Scottish screenwriter […]
GameStop targets eBay with unsolicited $56bn acquisition offer
eBay confirms receiving GameStop's offer, with no prior discussions between the companies
Brighton close to agreeing new Fabian Hurzeler contract
Brighton and Hove Albion are close to agreeing a new contract with head coach Fabian Hurzeler.Hurzeler’s existing contract at Brighton runs until 2027. The Athletic reported in March Bayer Leverkusen were keeping an eye on his situation, and at that stage there had been no indication of a new deal at the Amex Stadium for the 33-year-old.Advertisement
Gas prices rise to $4.46 per gallon and oil jumps as shippers stay out of Strait of Hormuz
Iran warGas prices rise to $4.46 per gallon and oil jumps as shippers stay out of Strait of HormuzIn some parts of California, unleaded gas soared to more than $7 per gallon on Monday.Listen to this article with a free account00:0000:00Gas prices rise to around $8.00 per gallon on Wednesday in Ludlow, Calif.David McNew / Getty ImagesShareAdd NBC News to GoogleMay 4, 2026, 12:08 PM EDTBy Steve Kopack and Yuliya TalmazanThe national average price of gas pushed higher Monday to $4.46 per gallon, as...
PTI accuses govt of ‘unprecedented economic crisis’, slams claims of stability
ISLAMABAD: PTI accused the government on Monday of driving Pakistan into an “unprecedented economic and governance crisis” that has “crushed the common man”. In a statement, PTI’s Information Secretary Sheikh Waqas Akram stated that the “stability” claimed by the government was nothing but a “cruel joke on 250 million Pakistanis”. Akram said that after four years of no reforms, inflation had returned sharply, with the Consumer Price Index rising 11 per cent year-on-year and the Sensitive Price I...
Dubai gold price drops Dh10 per gram, but still expected to rise in May, June
Dubai: Gold prices in Dubai opened the week lower, with 24-carat rates dropping by Dh10 per gram on Monday, even as the broader outlook continues to point upward.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The price of 24K gold fell to Dh546 per gram, down from Dh556 on Sunday. The decline extended across lower purities, with 22-carat gold easing to Dh505.50 per gram from Dh514.75.(Check latest UAE gold prices , alongside prices in , , ...
Hotels in U.S. World Cup host cities claim underwhelming demand, new report says
A majority of hotels in the 2026 World Cup’s 11 U.S. host cities are reporting underwhelming demand for stays during the tournament, according to new data released Monday by the American Hotel and Lodging Association.The AHLA, which represents more than 30,000 properties nationwide, surveyed members in the host cities, and close to 80 percent of respondents reported that bookings are “tracking below initial forecasts” for the World Cup, which runs from June 11 to July 19.Advertisement
Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage
Heidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west AfricaA refinery in Nigeria accused of dismissing workers for joining a union has emerged as key to the UK government’s hopes of saving the summer holiday amid a jet fuel shortage.Heidi Alexander, the transport secretary, said at the weekend that part of the answer to the strait of Hormuz crisis was to import more fuel from the US and west Africa. Continue reading...
The best second careers for the over-50s: It's NOT too late to change for these lucrative jobs that require more life experience than training - and earn up to £96k a year
The best second careers for the over-50s: It's NOT too late to change for these lucrative jobs that require more life experience than training - and earn up to £96k a yearBy LUCY EVANS, MONEY REPORTER Updated: 16:54, 4 May 2026 e-mail 49 shares
SMBC Adds to Securitized Products Team as Part of Global Push
Sumitomo Mitsui Banking Corp. has made several senior hires as it pushes to bolster its capabilities in securitized finance, a multi-trillion market that’s seen strong issuance this year despite pockets of stress.
How to know when credit card debt forgiveness is the wrong call (and what to do instead)
MoneyWatch: Managing Your Money How to know when credit card debt forgiveness is the wrong call (and what to do instead) We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBS...
The best places to pick up a cheap country property: Prices have fallen by 30% and sellers are desperate. From the village nicknamed 'Chelsea-on-Sea' to a Georgian market town and Britain's poshest hamlet, the bargains available NOW
The best places to pick up a cheap country property: Prices have fallen by 30% and sellers are desperate. From the village nicknamed ‘Chelsea-on-Sea’ to a Georgian market town and Britain’s poshest hamlet, the bargains available NOWBy ANGELA EPSTEIN Updated: 16:36, 4 May 2026 e-mail 26 shares
Oaktree Co-CEO Calls Market Pricing ‘Head-Scratcher’ Given Risks
Oaktree Capital Management Co-Chief Executive Officer Armen Panossian warned that markets have been too quick to shrug off a slew of fundamental issues, which are prompting his firm to preserve cash for when a correction comes.
‘Death of a Salesman’ Director Joe Mantello Casting Nathan Lane as Willy Loman and Working With Scott Rudin: ‘I Believe in Second Chances’
Willy Loman — washed up, beaten down and trying to ride a little longer on a smile and a shoeshine before he’s kicked to the curb — has been a staple of Broadway since Arthur Miller’s “Death of a Salesman” first electrified audiences in 1949 with its searing portrait of uncaring capitalism. There have been […]