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Bankrupt Spirit Airlines is laying off 200 employees

Bankrupt Spirit Airlines is laying off 200 employees

“We are executing on plans to rightsize our organization to align with our current fleet size and level of flying and ultimately optimize our airline,” the ultra-low-cost carrier said in a statement shared with CNBC (CMCSA-0.07%).


Shark Tank’s Kevin O’Leary may soon own TikTok

Shark Tank’s Kevin O’Leary may soon own TikTok

“I’ve spoken to all the potential bidders, and it’s clear to me that Frank McCourt and Project Liberty are the team to get this done,” O’Leary said in a statement Thursday.


ESA programs getting underway in Alabama, Louisiana

ESA programs getting underway in Alabama, Louisiana

Funding for student accounts will depend on annual state appropriations and can be used for private school tuition and fees, tutoring, educational therapies, textbooks and curricula, dual enrollment courses, and uniforms.


Look inside the $68 million mansion that Ben Affleck and Jennifer Lopez can’t sell

Look inside the $68 million mansion that Ben Affleck and Jennifer Lopez can’t sell

Inside the mansion, residents have access to basketball and pickleball courts, a fully equipped gym, a boxing ring, a sports lounge, and a bar.


AI stocks to watch, Apple TV tries free, and the Chips Act scramble: Tech roundup

AI stocks to watch, Apple TV tries free, and the Chips Act scramble: Tech roundup

Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOGL), and Apple (AAPL) could continue to be some of the biggest winners of the artificial intelligence-driven stock boom, David Dietze, senior portfolio strategist at Peapack Private Wealth Management, said in the latest episode of Quartz AI Factor, a video series set at the Nasdaq MarketSite.


Electric cars already won — in Norway

Electric cars already won — in Norway

Fully electric vehicles made up 88.9% of new cars sold in 2024, according to data released by the Norwegian Road Federation (OFV).


The South Korea plane crash is prompting multiple investigations

The South Korea plane crash is prompting multiple investigations

The crash took place at at Muan International Airport, near the southern tip of the country, when a Boeing (BA+0.25%) 737-800 operated by South Korean l0w-cost carrier Jeju Air skidded across the runway before igniting in a giant fireball.


OpenAI may become a for-profit because it needs ‘more capital than imagined’

OpenAI may become a for-profit because it needs ‘more capital than imagined’

“As we enter 2025, we will have to become more than a lab and a startup — we have to become an enduring company,” OpenAI wrote, adding that its plans “enable us to raise the necessary capital with conventional terms like others in this space.”


The winners and losers of casual dining in 2024

The winners and losers of casual dining in 2024

Chains like Raising Cane’s did especially well, Hottovy notes, which is likely due to the growing trend of consumers opting for menu items they perceive to be healthier, often swapping chicken for red meat.


Honda, Nissan, and Mitsubishi may merge to compete with Tesla and China’s EV makers

Honda, Nissan, and Mitsubishi may merge to compete with Tesla and China’s EV makers

At a press conference in Tokyo on Monday, Mibe said that the “rise of Chinese automakers and new players has changed the car industry quite a lot,” adding that the companies need to strengthen their offerings by 2030, “otherwise we’ll be beaten.”


It’s Giving Season! 5 philanthropists who give the most to charity

It’s Giving Season! 5 philanthropists who give the most to charity

Experts cite several reasons for this decrease, including declining participation in organized religion, increased anger over failures to address inequality, and a lack of disposable income among Gen Z and Millennials.


Biden signs law mandating Oct. 1 deadline for FAFSA release

Biden signs law mandating Oct. 1 deadline for FAFSA release

"By codifying the October 1 release date for future FAFSA cycles into statute, colleges and universities will be able to provide financial aid information to students much sooner,” Nalia Medina, the organization's assistant director of government relations, said in a statement Thursday.