Spirit Airlines to cease all operations within hours after bailout talks with Trump administration fail. The ultra low-cost carrier, operating since 1990, failed to secure any relief agreement.

Meta, Alphabet, Microsoft, and Amazon report record $130 billion in combined capital expenditures for Q1 2026. The companies are projected to reach $725 billion in total spending for the year, marking a 77% increase over 2025 levels.

Meta, Alphabet, Microsoft, and Amazon reported a record $130 billion in combined capital expenditures for the first quarter of 2026, with projections for the full year reaching $725 billion.

Federal Reserve Chair Jerome Powell projects U.S. economic growth will exceed 2% this year, citing resilient consumer spending and data center investment despite energy shocks from the war in Iran.

Federal Reserve Chair Jerome Powell stated that the U.S. economy continues to expand at a solid pace, projecting growth above 2% for the year despite energy market volatility linked to the war in Iran.

Japan Finance Minister Katayama says the government is nearing the timing to take bold action on foreign exchange markets. The remarks follow repeated warnings regarding potential intervention to address currency volatility.

Japanese Finance Minister Katayama stated that the government is nearing the appropriate timing to take bold action regarding foreign exchange markets.

Volkswagen CEO announces plans to cut production capacity by 500,000 vehicles in Europe. The move marks a significant shift for the automaker's regional manufacturing footprint.

Volkswagen CEO has announced plans to reduce production capacity by 500,000 vehicles across its European operations.