Spirit Airlines preparing to shut down, WSJ reports. The low-cost carrier faces financial distress.

Oil briefly spikes past $126 a barrel, pushing US inflation to highest since May 2023, as Californians see $6/gallon.

Analyst Dan Burns said Californians are paying $6 per gallon, as oil briefly spiked past $126 a barrel, pushing US inflation to its highest year-on-year rise since May 2023.

Fed official warns Friday that a series of rate hikes may be needed if Middle East war sparks larger-than-expected inflation.

A key US Federal Reserve official warned Friday that a series of interest rate hikes could be needed if price shocks from the Middle East war are larger than expected, fueling inflation.

President Trump says the administration is considering action regarding Spirit Airlines as officials warn the carrier may shut down operations within 24 hours.

President Donald Trump indicated that his administration may take action regarding Spirit Airlines as officials report the carrier could cease operations within 24 hours.

President Donald Trump says the U.S. government has issued a final bailout proposal to Spirit Airlines as the carrier faces the threat of liquidation.

President Donald Trump announced that the U.S. government has provided a final bailout proposal to Spirit Airlines as the carrier faces potential liquidation.