November 18, 20240 Comments

Spirit Airlines files for bankruptcy protection after mounting losses

Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines, an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger and more demanding consumer tastes. The carrier early Monday said it reached a prearranged deal with its bondholders

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November 18, 20240 Comments

Gold Futures Rise, Recovering Some Losses as Dollar-Surge Tapers Off

Gold futures rose, recouping some ground as the U.S. dollar’s rally slowed, BMI said, adding the Fed’s likely more-cautious approach to rate cuts will be a headwind, but while there are strong downside risks to gold in 2025 and significant volatility should be expected, in the longer term prices should stay elevated compared with the prepandemic levels. Source link

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November 15, 20240 Comments

Euro Demand Could Improve After Recent Losses

The euro was stronger and demand for the currency could improve given the speed of its recent depreciation against the dollar following the U.S. election, MUFG Bank said, adding that the risk of the ECB cutting rates by less than expected could also benefit the currency. Source link

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