Markets, trade, and economic policy worldwide
US gasoline prices have risen to $4.43 per gallon, marking a 61% increase since December. This price hike is projected to cost Americans approximately $90 billion more in fuel expenses this year compared to a $3 per gallon baseline.
Delta Air Lines is canceling hundreds of flights across the United States, citing crew availability issues. The disruptions follow the official shutdown of Spirit Airlines, which has increased pressure on the national aviation network.
A conflict between real estate companies Compass and Zillow is threatening to fragment the U.S. housing market and fundamentally alter the way homes are shopped for and marketed.
The number of food-stamp recipients is declining as states begin enforcing new Trump administration eligibility requirements for SNAP benefits.
U.S. Secretary of Transportation Sean Duffy stated that there is no need for a federal bailout of Spirit Airlines following the carrier's collapse.
Transportation Secretary Sean Duffy has advised Spirit Airlines passengers to avoid airports and seek rebooking with other carriers following the airline's immediate shutdown on Saturday. Major airlines including United, Delta, JetBlue, and Southwest are reportedly assisting affected travelers.
Trump auto tariff hike could cost Germany nearly $18 billion in output, an institute says.
Germany's automotive industry is calling for urgent talks to de-escalate a tariff dispute after President Donald Trump announced plans to increase auto tariffs on the European Union next week.
Spirit Airlines has ceased operations, according to reports.
Sleek, cutting-edge cars from China are appearing in El Paso. They represent the biggest threat to U.S. automakers in decades.
Spirit Airlines will permanently shut down at 3 a.m. ET.
The union representing Spirit Airlines employees has announced that the carrier will permanently cease all operations at 3 a.m. ET.
Britain's trade with the US has been notably affected by tariffs levied by the administration of US President Donald Trump, Office for National Statistics (ONS) data showed on Friday.
Spirit Airlines has concluded its final flight, landing in Dallas at 1:08 a.m. EST, as the carrier prepares for a complete systemwide shutdown.
A federal court ruled that many pandemic-era tax deadlines did not apply, potentially making tens of millions of Americans eligible for IRS refunds.
Spirit Airlines is approaching a two-hour deadline before a potential official shutdown.
Spirit Airlines is reportedly planning to cease all flight operations beginning early Saturday, according to two sources familiar with the company's plans.
Spirit Airlines is expected to cease all operations in roughly three hours after failing to secure a bailout or relief agreement with the Trump administration. The ultra low-cost carrier has been operating since 1990.
Spirit Airlines is preparing to cease all operations at approximately 3:00 a.m. ET, resulting in widespread flight cancellations.
Spirit Airlines is experiencing widespread flight cancellations across the United States following reports of internal system failures affecting booking and operational access.
Commerce Secretary Howard Lutnick led unsuccessful last-minute negotiations between bondholders and the government to rescue the airline.
More than 70% of Americans report struggling to afford basic necessities such as food, housing, and health care, a new CBS News poll shows.
U.S. real disposable income increased by 0.4% year-over-year in March 2026, while falling 0.7% on an annualized month-over-month basis, as inflation outpaces income growth.
Beijing has ordered the unwinding of Meta's acquisition of Manus, disrupting the company's operations in Singapore.
Trump's tariffs on EU automobiles show the United States is unreliable, said the chairman of the European Parliament's trade committee.
The S&P 500 and Nasdaq advanced to record closing highs, boosted by robust earnings and a dip in crude prices.
CNBC reports that Spirit Airlines may shut down overnight, advising travelers on what to know.
Purdue Pharma has officially dissolved as part of its bankruptcy proceedings and has appointed a board of directors for its nonprofit successor organization.
Regular gasoline prices have increased by 33 cents in a single week, impacting consumers ahead of the summer driving season.
Coinbase announced a deal on a key stablecoin yield provision, which could facilitate the progression of sweeping crypto legislation in the US Senate.