Spirit Airlines faces a potential shutdown with two hours remaining until a critical deadline. The carrier has been navigating significant financial challenges.

Fed Chair Jerome Powell says the central bank is turning to the courts to protect its monetary policy independence from political influence. Powell maintains that the Fed will continue to base its decisions on analysis rather than politics.

Federal Reserve Chair Jerome Powell stated that the central bank is pursuing legal action to maintain its independence from political influence, while expressing confidence in the Fed's commitment to data-driven decision-making.

Acting comptroller Jules Hurst estimates the cost of the conflict in Iran at $25 billion, according to testimony provided to the House Armed Services Committee on Wednesday.

Acting comptroller Jules Hurst testified before the House Armed Services Committee that the ongoing conflict in Iran has cost approximately $25 billion.

UK borrowing costs hit their highest level since 1998 as global oil prices surge. The rise in yields reflects ongoing market pressure on government debt.

UK government borrowing costs have reached their highest level since 1998, coinciding with a sharp increase in global oil prices.

Brown-Forman shares plunged after the Jack Daniel's maker said it ceased short-lived merger talks with France's Pernod Ricard.

Brown-Forman’s stock plummeted after the Jack Daniel’s whiskey maker announced it ceased short-lived discussions with French counterpart Pernod Ricard about a potential combination.