Business

Budget airlines are seeking help from the federal government amid the surge in jet fuel prices that prompted Spirit Airlines to cease operations after its bankruptcy exit plan faltered and a possible federal aid package failed to materialize.Spirit on Saturday announced "with great disappointment" that it started an orderly wind-down of its operations, adding that it was "proud of the impact of our ultra-low-cost model on the industry over the […]

Markets may face near-term volatility tied to oil prices and geopolitical tensions, but underlying economic strength and the prospect of lower interest rates could fuel a powerful next leg higher, according to a market expert.Calamos Investments President and CEO John Koudounis joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss market resilience and why he sees further upside despite ongoing uncertainty.Koudounis pointed to strong corporate earnings and supportive […]

America’s "Cradle of Liberty" is fast becoming the cradle of high costs.With home prices nearly double the national average, Boston is facing a generational drain as high-skilled workers flee the city’s rising cost of living for greener — and cheaper — pastures in the South.According to the 2026 Young Residents Survey, commissioned by the Greater Boston Chamber of Commerce Foundation, there is a growing crisis of confidence among the city's […]

In a tribute to the grit and sacrifice that built the nation, FOX Business is kicking off Small Business Week by crowning three companies that embody the American spirit as the winners of the first "Made in America" contest.Marilyn Burns, 82, has owned and operated her local souvenir shop in the heart of Lakeside since 1999. Her store is a community staple that also funds youth camps and serves as […]

The Justice Department confirmed its active investigation of potential antitrust violations in U.S. cattle and beef markets, reviewing more than 3 million documents and interviewing industry participants as federal officials scrutinize whether highly concentrated meatpacking power has contributed to high beef prices.The four largest beef processors control more than 85% of the U.S. processing market — half of which are Brazilian-owned — Trump administration officials noted at a Monday news […]

Gas prices are entering the summer driving season at record levels, with the national average hitting $4.45 on May 2—the highest ever for that date.That’s up about $1.28 from a year ago, according to AAA, with prices rising across nearly every region.OIL, GAS PRICES JUMP AS TRUMP FLIRTS WITH STRIKING IRANIAN OIL INFRASTRUCTUREThe milestone underscores ongoing volatility in fuel markets, driven in part by the escalating conflict involving Iran, which […]

A Spirit Airlines captain whose retirement flight was scrapped by the carrier’s sudden shutdown got an unexpected sendoff as a Southwest crew stepped in to honor his decades in the cockpit.Capt. Jon Jackson was supposed to fly his final trip before retirement but instead found himself seated in the back of a Southwest flight heading home with his son, Chris Jackson, a Southwest first officer, Southwest wrote on Instagram."Chris casually […]

New York City Mayor Zohran Mamdani built his political agenda by taking aim at billionaires. Now he’s praising one for backing the police.Last week, Mamdani publicly thanked Citadel billionaire Ken Griffin for supporting police funding, a moment that flew somewhat under the radar but offered a glimpse into a more complicated dynamic between the hedge fund king and the socialist mayor.NYC MAYOR CITES $180K RACIAL WEALTH GAP TO JUSTIFY TAXES, […]

Americans shopping for smartphones, laptops or even home appliances may soon start feeling the effects of the Iran conflict – not just at the gas pump, but at the checkout screen.A disruption to an essential component in electronics – printed circuit boards (PCBs) – is driving up costs across the tech industry, increasing the likelihood that consumers will face higher prices and fewer deals in the months ahead.Prices for circuit […]