Spirit Aviation Holdings Inc. filed for bankruptcy for the second time in less than a year after failing to turn around its cash-strapped airline.

The carrier filed Chapter 11 on Friday in New York, listing assets and liabilities of between $1 billion and $10 billion on a bankruptcy petition. The filing comes amid active negotiations with some ...Read more

Vanguard Advisers Inc. encouraged advisers to enroll customers in personal financial services without properly disclosing employees’ financial interest to do so, the U.S. Securities and Exchange Commission said.

The firm agreed to pay $19.5 million to settle the SEC’s allegations without admitting or denying wrongdoing.

“Vanguard is ...Read more

Policyholders critical of State Farm General's response to January's firestorms won a court victory this week when a judge ruled a Pacific Palisades homeowner can probe the insurer's claims handling practices during a rate hearing.

In doing so, Administrative Law Judge Karl Fredric Seligman denied a motion by the Department of Insurance to move...Read more

The end of an exemption from U.S. tariffs for small imported packages has prompted postal disruptions and additional costs for people shopping online for items from around the world.

For years, a loophole known as the “de minimis” exemption has spared imports into the United States below the value of $800 from import duties.

In what ...Read more

SACRAMENTO — Gov. Gavin Newsom and California lawmakers on Friday announced a deal with Uber and Lyft on a bill that would allow hundreds of thousands of rideshare drivers to form unions and bargain collectively while still being classified as independent contractors.

Newsom, Assembly Speaker Robert Rivas and Senate Pro Tem Mike McGuire said...Read more

Federal Reserve Chair Jerome Powell recently opened the door for the central bank to cut rates next month.

Powell had previously cited risks of inflation from tariffs and a weakening labor market as reasons for not lowering rates. “The balance of risks appears to be shifting,” he said at a conference in Wyoming.

President Donald Trump has ...Read more

Forty percent of baby boomers fear they will outlive their retirement savings. Several recent studies suggest they are right to worry.

Seniors in 41 states are projected to have more expenses than income during their golden years, putting them at risk for outliving their retirement savings, according to a new study by Seniorly, an assisted ...Read more

U.S. consumer spending rose in July by the most in four months, indicating resilient demand in the face of stubborn inflation.

Inflation-adjusted consumer spending rose 0.3%, according to Bureau of Economic Analysis data out Friday. The advance was boosted by income growth and driven by goods.

The so-called core personal consumption ...Read more

Sunny skies and mild temperatures this week greeted the biggest U.S. farm show of the year. The contrast couldn’t be greater with the sentiment among attendees as low crop prices and trade tariffs squeeze the agricultural sector.

The market for American crops is getting “pretty nasty,” said Scott Metzger, who drove more than 300 miles to ...Read more

Ready for a reality check? The American Society of Civil Engineers has graded the state of American road infrastructure a solid D, which is barely a grade at all. It’s a participation trophy for asphalt. We are, officially, failing at pavement, but you knew this already. You’ve no doubt had the pleasure of inching across a cratered freeway ...Read more

One of the most familiar models in the Toyota fleet gets an upgrade in the form of the 2025 Grand Highlander. The 2025 Toyota Grand Highlander Nightshade Hybrid we tested is similar to the Lexus TX, which we recently also tested, but with basic Toyota finishes, perfectly suited for families looking for a mid-priced people mover with extra space ...Read more

As the price of buying an electric vehicle is set to soar with tariffs and the end of government incentives, drivers who want to go green have another hidden cost to consider before making the switch.

The insurance premiums on electric vehicles are, on average, a whopping 49% higher than those for gas-powered cars, according to new data from ...Read more

CHARLEVOIX, Michigan — Mat the brake pedal. Press LAUNCH control. Mat the accelerator pedal. Wait for RPM to level at 3,000. Dump the brake.

Foom!

My 2025 McLaren 750S rocketed past 60 mph in 2.3 seconds. 100 mph? Just 4.8 seconds. At which point the mighty 4.0-liter, twin-turbo V-8 behind my ear was just clearing its throat. WAAUUUGGGGHH! ...Read more

Washington’s construction industry, still struggling with high building costs and slow market dynamics, is now facing labor shortages as the federal government ramps up immigration enforcement, according to a survey released Thursday by the Associated General Contractors of America.

The shortages appear to be counterintuitive as the market ...Read more

The Commodity Futures Trading Commission has taken a step that could make it easier for some overseas crypto exchanges to legally offer derivatives to American traders, a move that could reopen a path back into the U.S. for firms like Binance Holdings Ltd.

The agency issued an advisory clarifying how foreign platforms can register as so-called ...Read more

ST. LOUIS — President Donald Trump’s new pick to be the region’s U.S. Attorney dropped a criminal case against two local developers and their accountant, one of whom is represented by U.S. Attorney General Pam Bondi’s brother.

U.S. Attorney Thomas Albus on Wednesday personally filed the motion to dismiss the fraud charges against Sid ...Read more

For nearly nine decades, an import tax exception allowed low-value packages to enter the U.S. without duties attached. The rule has let American consumers access loads of cheap foreign goods from online retailers.

That's all changing Friday when the rule known as de minimis is suspended in accordance with an executive order President Trump ...Read more

The U.S. government on Thursday began distributing gross domestic product data on public blockchains, marking the latest Trump administration endorsement of the crypto industry.

The move creates another avenue — not a replacement — for publishing the economic data, according to Commerce Department officials who asked for anonymity to share...Read more

President Donald Trump threatened to inflict “substantial” tariffs on countries that impose digital taxes just days after Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg raised concerns about the levies during a White House meeting.

The Facebook co-founder visited Trump late last week, according to people familiar with the ...Read more

General Motors Co. is slowing production of two electric SUVs at Detroit's Factory Zero plant amid lower-than-expected U.S. interest in battery-powered vehicles.

The automaker confirmed Thursday that it will shut down one shift each for the GMC Hummer EV and Cadillac Escalade IQ from Sept. 2 to Oct. 6; the move was first reported by the Detroit...Read more