Spirit Airlines on Friday filed for bankruptcy protection, just months after the budget carrier failed to secure better financial footing when it came out of Chapter 11 protection in March. The Dania Beach, Florida-based airline said under this bankruptcy, it will reduce its network and shrink its fleet, cuts that…
Denmark’s government has lowered its 2025 economic growth forecast to 1.4% from a previous projection of 3%, citing weaker prospects for pharmaceutical giant Novo Nordisk and new tariffs on Danish exports to the United States.The Ministry of Economy said in a statement on Friday that the downturn in expectations reflects…
According to a Reuter’s report, Germany’s job market has reached a symbolic threshold not seen in a decade, with more than three million people now unemployed. The Federal Labour Office reported on Friday that the number of jobseekers climbed to 3.02 million in August, an increase of 46,000 from July.…
Dell Technologies’ shares slipped nearly 9% in trading on Friday, after the company raised its full-year guidance but issued a softer-than-expected forecast for the current quarter.Investors focused on the weaker near-term outlook even as Dell highlighted strong demand for artificial intelligence (AI) servers, which has become the company’s standout growth…
Canada’s economy contracted at a sharper pace than forecasted in the second quarter as exports pulled back in the face of US tariffs, Statistics Canada said on Friday.The economy shrank by 1.6% on an annualised basis in the three months to June 30 after growth of 2.0% in the first…
The European Union is currently exploring the implementation of more stringent regulations for companies regarding the verification of the origin of their imported gas. This initiative is a core component of the bloc’s broader strategy to gradually eliminate its reliance on Russian energy imports. A confidential document outlines these proposed measures, indicating…
Nukkleus Inc (NASDAQ: NUKK) soared over 40% this morning after announcing a strategic joint venture with “Mandragola” aimed at modernising aviation infrastructure across Europe and Israel.The deal broadens NUKK’s presence in the fast-growing aircraft maintenance, repair, and overhaul (MRO) market, which was valued at about $110 billion in 2024.Nukkleus stock…
Itaú BBA reiterated its buy recommendations on Brazilian pulp and paper manufacturers Suzano (SUZB3) and Klabin (KLBN11), citing attractive valuations after its estimates update based on the companies’ second-quarter results.According to local media outlet InfoMoney, the analysis took into account a projected appreciation of the real, as per the bank’s…
In a world where investors are used to seeing AI firms report exciting growth in data centre revenue – Marvell Technology Inc (NASDAQ: MRVL) came in shy of expectations on that front in Q2.Naturally, investors bailed on MRVL shares today, making it close down nearly 20%.Still, a senior JPMorgan analyst…
Tech and finance headlines shook markets on Friday as Trump sparked controversy by cutting $4.9B in spending without Congress’s approval, while Elon Musk battles the SEC again over Twitter stock disclosure delays.The day started with July inflation numbers, which hit a five-month high at 2.9%, complicating the Fed’s September rate…