The Federal Reserve's preferred inflation gauge rose to 3.5% in March, reaching its highest level in nearly three years as gas prices increased.

Spirit Airlines running out of cash within days; $500M U.S. aid talks stalled, raising risk of shutdown — sources

Spirit Airlines may run out of cash within days, sources tell CBS, raising the risk that the budget carrier could halt operations. Negotiations over a $500 million government aid package have stalled with key creditors yet to agree.

Cigna Group announces it will exit the Affordable Care Act market next year. The company stated the decision is part of a strategic effort to focus on other lines of business.

The Cigna Group announced it will exit the Affordable Care Act insurance market starting next year to prioritize other business segments.

Taiwan's economy grows at its fastest pace since 1987.

Taiwan's economy grows at fastest pace since 1987

European Central Bank policymakers signal a likely interest rate hike in June, with some officials indicating at least two increases may be necessary depending on the war in Ukraine and oil price trends.

European Central Bank policymakers reached a broad consensus on Thursday regarding the necessity of a rate hike in June, with some officials suggesting at least two increases may be required unless the war ends and oil prices decline.