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Spirit's possible shutdown looms after bailout plans opposed by Republicans
Spirit Airlines could shut down as soon as Saturday, May 2, without a last-minute intervention, a source told NBC News. As of Friday afternoon, discussions about a rescue were ongoing, with Republican lawmakers opposing a proposed bailout of the budget carrier.
Why Spirit is on the brink of collapse, and what it could mean for other airlines
CBS News has learned Spirit Airlines could go out of business as soon as Saturday after bailout talks with the Trump White House stalled. CBS News senior transportation correspondent Kris Van Cleave has the details. Then, Politico aviation reporter Oriana Pawlyk joins to assess the potential economic fallout.
Archroma Reaches Final Terms on Much Delayed Loan Extension
Specialty chemicals producer Archroma sweetened the terms on a junk loan deal to extend around $1 billion of debt, inching closer to completing a transaction that has faced multiple delays over the past month.
Trouble brewing for Starbucks CEO who calls $9 coffee an ‘experience’ to immediate internet backlash
NewsWorldAmericasTrouble brewing for Starbucks CEO who calls $9 coffee an ‘experience’ to immediate internet backlashSocial media users called the CEO ‘out of touch’ and ‘disconnected’Katie Hawkinson in Washington, D.C. Friday 01 May 2026 22:26 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBook...
Iran war shakes Global economy as energy costs surge and recession fears grow
Economy Iran war shakes Global economy as energy costs surge and recession fears grow May 1, 20265:18 PM ET Heard on All Things Considered By Lauren Frayer , Eyder Peralta , Diaa Hadid , Jewel Bright The global economic impact of war, from energy markets to everyday prices Listen · 8:16 8:16 Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/nx-s1-5801826/nx-s1-9753564" width="100%" height="290" frameborder="0" scrolling="no"...
Morocco’s Financial Education Programs Reached 70,827 People in 2025
Marrakech – Morocco’s financial education programs reached 70,827 direct beneficiaries in 2025, marking a 23% increase compared to the previous year. The figures were announced during the board meeting of the Moroccan Foundation for Financial Education (FMEF), held on Wednesday in Rabat under the chairmanship of Bank Al-Maghrib Governor Abdellatif Jouahri. Women accounted for 52% of the beneficiaries, while young people made up 21%. The programs covered training and direct accompaniment in...
Trump says a 'final proposal' to rescue Spirit Airlines is under consideration
NewsWorldAmericasTrump says a 'final proposal' to rescue Spirit Airlines is under considerationPresident Donald Trump says his administration is still weighing a taxpayer-funded takeover of Spirit AirlinesMichelle L. Price & Rio YamatFriday 01 May 2026 22:12 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookmark":t...
Oil giant BP in £2billion threat to quit the North Sea over Red Ed Miliband's tax raid
Oil giant BP in £2billion threat to quit the North Sea over Red Ed Miliband's tax raidGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By DAVID CHURCHILL Published: 22:01, 1 May 2026 | Updated: 22:01, 1 May 2026 e-mail View comments
AI Set to Reshape Up to 55% of Jobs in the US, BCG Report Finds
Casablanca — Artificial intelligence is set to change the way millions of people work, but not necessarily replace them. A new report by Boston Consulting Group finds that between 50% and 55% of jobs in the United States will be reshaped by AI over the next two to three years, as the technology becomes more widely adopted across industries. For many workers, that shift won’t mean losing their jobs. It will mean doing them differently. Same titles, different expectations. Tasks will change, workf...
Major UK kitchen company suddenly goes bankrupt in the US leaving customers desperate for refunds
NewsWorldAmericasMajor UK kitchen company suddenly goes bankrupt in the US leaving customers desperate for refundsOne couple paid Wren Kitchens $38,000 and gutted their kitchen but say the company shut down before they received their remodelGraig Graziosi in Washington, D.C. Friday 01 May 2026 21:53 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBo...
What happens if Spirit Airlines shuts down?
Spirit Airlines may cease operations as soon as Saturday after negotiations over a government aid package stalled. CBS News travel editor Peter Greenberg explains what it looks like when an air carrier shuts down.
Ford CEO Jim Farley says most new models will be "more affordable versions"
Ford announced a major affordability push on Friday, offering employee pricing on nearly all its new vehicles through the Fourth of July. CBS News senior transportation correspondent Kris Van Cleave spoke exclusively with Ford CEO Jim Farley.
Brooks Apparel 'Resonating' With Chinese Runners, Says CEO Dan Sheridan
Dan Sheridan, CEO of Brooks Running, said that his company is resonating with runners in China as the activewear brand grew over a 130% in the region. Sheridan said that while China remains a small percentage of Brooks' business, the 'everyone's a runner' positioning and multi-use clothing consumers can wear off the run is driving growth. Sheridan joined Bloomberg Businessweek from the floor of the Berkshire Hathaway shareholder conference in Omaha. (Source: Bloomberg)
Gujarat businessman in US fined Rs 15 crore for illegal 16-year stay
A Gujarati businessman residing illegally in the US for 16 years faces a USD 1.8 million civil penalty for defying a removal order. The fine, calculated at over USD 998 daily, was imposed despite his pending U visa application. This significant penalty highlights a rare instance involving a Gujarati national, with thousands of similar notices issued to other migrants.
Stocks Hold Record Highs | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Stocks Hit Record as Oil Falls on US-Iran Hopes
A record-breaking run drove stocks toward their longest weekly rally since 2024 amid hopes for a deal to end the Iran war that has rattled financial markets and jeopardized the economic outlook. Jaya Thibard Wajja, head of FX strategy at TD Securities, and Bloomberg's Jeff Mason join Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
US Economic Resilience Lowers Rate Cut Odds, Private Credit Fears | Real Yield 5/1/2026
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Wolfe Research Chief Economist Stephanie Roth, Economic Security Project Senior Director of Policy and Research Mike Konczal, BNP Paribas Head of US Credit Strategy Meghan Robson, and CreditSights Global Head of Strategy Winnie Cisar. (Source: Bloomberg)
Elite Iranian family founded crypto exchange used by IRGC to move millions: Report
Elite Iranian family founded crypto exchange used by IRGC to move millions Report
Chevron CFO Bonner on Earnings, Buyback and Oil Prices
Chevron CFO Eimear Bonner says the company's portfolio is resilient to recent geopolitical risks. Speaks on "Bloomberg The Close," Bonner also comments on the company's buyback strategy and rising oil prices. (Source: Bloomberg)
Magna CEO Says New Trump Tariffs Will Spare Partsmaker
Magna International Inc.'s chief executive officer, Swamy Kotagiri, discusses the auto-parts supplier's outlook and President Donald Trump's new tariffs on cars and trucks made in the European Union. He speaks with Carol Massar and Tim Stenovec on Bloomberg Television. (Source: Bloomberg)