A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesFrontier Airlines said Wednesday it has again proposed merging with Spirit Airlines, which is in bankruptcy.Frontier and Spirit first announced a deal to merge in 2022, but a JetBlue Airways offer later derailed that plan. JetBlue’s acquisition of Spirit was blocked by a federal judge last year, and Spirit filed for bankruptcy protection in November.Frontier said in a release that it has met with Spirit’s board and executives since it made its proposal. It said…
Author: usaeverydaylife
Economy and Climate Action Minister and Greens Party chancellor candidate Robert Habeck arrives for the weekly federal government cabinet meeting on January 29, 2025 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesThe German government on Wednesday slashed its gross domestic product forecast to just 0.3% growth in 2025.The latest GDP estimate is sharply down from an October projection of 1.1% growth this year, but broadly in line with forecasts from other economic bodies. The International Monetary Fund earlier this month cut its outlook and now sees 0.3% growth for the German economy this year, while the federal…
For two summers during high school, instead of joining her classmates at the beach, Noura Ghazoui had an internship at the town hall of her hometown, Borghetto Santo Spirito, on the Ligurian coast.But when she tried to apply for a job there at age 19, she found herself ineligible because, like hundreds of thousands of children born to immigrants in Italy, she could not get Italian citizenship.“I feel Italian, I think in Italian, I dream in Italian,” Ms. Ghazoui said in Ligurian-accented Italian. “But I am not recognized in my country.”For generations, European countries have used mostly bloodlines to determine…
MicroStrategy’s massive run isn’t over yet, according to Mizuho. The firm initiated the stock with an outperform rating and $515 price target, indicating shares could climb an additional 53.5% from Tuesday’s close. MicroStrategy, often seen as a proxy for the price of bitcoin, benefitted from the postelection bitcoin rally and has surged more than 550% over the past 12 months. The stock, which joined the Nasdaq-100 index in December, is up nearly 16% so far this year. MSTR 1Y mountain MicroStrategy stock performance. The company’s strategy of using proceeds from debt and equity issuance to buy bitcoin, with the goal of…
British Airways Boeing 787-8 Dreamliner aircraft spotted flying on final approach over the roofs of the houses of Myrtle avenue for landing at London Heathrow Airport LHR in the UK.Nurphoto | Nurphoto | Getty ImagesU.K. Finance Minister Rachel Reeves on Wednesday unveiled plans to deliver a shot in the arm for the country’s ailing economy, signaling she backs the long-delayed expansion of one of the world’s busiest airports.In a major growth speech in Oxfordshire, Reeves said that a third runway at London’s Heathrow Airport was “badly needed,” adding it would boost investment, support economic expansion and potentially create create over…
Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China’s DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday.ASML beat estimates on both sales and profit for the fourth quarter and said it had an order backlog of roughly 36 billion euros ($37.4 billion) at the end of 2024. The news prompted a jump in the firm’s shares as investor fears that DeepSeek’s model could cool semiconductor spending ebbed.Without addressing the specifics of DeepSeek’s newly revealed R1 model — which took the tech…
After more than a year of Israeli bombardment in Gaza, there were few blessings left for Talal and Samar al-Najjar to count by the time a cease-fire deal was agreed to this month. Their home was in ruins, they and their children were displaced, and they were staving off hunger.Yet they counted themselves lucky: Their family of seven was intact, something to feel grateful for in the war between Israel and Hamas, which has killed tens of thousands. Many more are likely to be unearthed from the rubble.Then, with only hours until the Palestinian enclave’s 15-month nightmare was set to…
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31, 2024.CNBCStarbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key leadership roles.”As we focus on our ‘Back to Starbucks’ plan, we need a new operating model for our retail team, with clear ownership and accountability and an appropriate scope for each role,” Niccol said in a letter to employees shared on the company’s website.Starbucks announced the move hours before it reported fiscal first-quarter earnings and revenue that…
Nicolai Tangen, CEO of Norges Bank Investment Management, at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Stefan Wermuth | Bloomberg | Getty ImagesNorway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a tech rally.Its return on investment came in at 13% for the year, 45 basis points lower than the return on the fund’s benchmark index.Speaking at a press conference on Wednesday, Norges Bank Investment Management (NBIM) Deputy CEO Trond Grande described a “very, very strong year for equities”…
Microsoft CEO Satya Nadella, right, speaks with OpenAI CEO Sam Altman at OpenAI’s Dev Day in San Francisco on Nov. 6, 2023.Hayden Field | CNBCOpenAI CEO Sam Altman suggested on Tuesday that the relationship between his company and Microsoft is going strong.Altman posted a picture with Microsoft CEO Satya Nadella on social media site X, and wrote that the “next phase” of their partnership is “gonna be much better than anyone is ready for!!” Nadella responded to the post, saying he is “looking forward to all that’s ahead!”The alliance between the companies has been riddled with tension of late, and…
