Economy

Spirit Airlines Shuts Down After Failing to Secure Government Bailout

Spirit Airlines announced early Saturday morning that it would immediately cease operations after failing to secure a last-minute government bailout.

Private credit turns to financial alchemy as an antidote to 'peak anxiety'

Default rates are elevated and credit managers are getting creative.

Spirit Airlines Shuts Down Operations With All Flights Canceled After Bailout Fails

Spirit Airlines shut down its operations on Saturday after a final bid from the government to bail out the airline fell through.

JPMorgan's Best Stock Ideas Heading Into May

The firm has an updated list of top ideas as the new trading month commences.

These stocks reporting next week have earnings momentum on their side

Stocks reporting earnings next week that are also seeing accelerating earnings momentum include Datadog and Block.

Long-duration equities and renewable energy

The S&P 500 and the Nasdaq posted their best month since 2020 in April, as tech stocks drove gains boosted by the AI trade.

Less financial stability, smaller social safety nets: inside the gen Z investing boom

Apps, AI tools and shaky job prospects are pushing gen Z into markets earlier, blending caution with risk-taking

Fight money laundering without punishing small businesses

With National Small Business Week underway, Washington has a timely opportunity to show it understands what small businesses actually need. Too often, policymakers say they support Main Street while overlooking what new compliance demands look like for the local companies serving their communities.

Australia's tech shakedown targets American innovation

Australian lawmakers are considering a new scheme to regulate and to extract revenue from American technology. If enacted, it would impose a 2.25% levy on the Australian revenues of three major platforms unless they strike commercial deals with local news publishers, with the rate falling to as low as 1.5% if enough agreements are reached.

California unions close in on destructive wealth tax

The labor union funding California’s Billionaire Tax Act initiative filed more than 1.5 million signatures on April 27, almost double the 875,000 needed to put the measure on November’s ballot. California voters are now a step closer to driving out one of the last remaining engines of economic growth in their state, which is already losing entertainment, manufacturing, and energy jobs.

Britain pioneered the comfortable retirement – but that golden age is coming to an end

The once inexorable rise in retiree living standards since the second world war has broken down. Can we keep the dream alive for future generations?

Spirit Airlines Could Shut Down As Soon As Saturday

Updated on: May 2, 2026 / 2:54 AM EDT / CBS News