Business

United Airlines and Spirit Airlines are clashing over the future of ultra-low-cost carrier (ULCC) models. While Spirit has thrived on this model, it filed for its second bankruptcy in under a year late last month.Speaking at an industry conference on Thursday, United Airlines CEO Scott Kirby predicted Spirit Airlines would soon be out of business."That is a fundamentally broken business model, and the consumer has voted. They are going out of […]

Homeowners have faced a sharp rise in monthly costs over the past five years, reaching new highs in 2024, according to a recent report.In 2024, the median monthly ownership costs for U.S. homeowners with a mortgage increased to $2,035 from the inflation-adjusted $1,960 in 2023, according to data from the American Community Survey (ACS) that was released by the U.S. Census Bureau.That 3.8% increase, driven largely by higher mortgage payments […]

Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, began trading on Friday after raising $425 million in an initial public offering that signals another advance for the industry. Shares, which trade under the ticker GEMI, soared after pricing at $28 – the high end of the expected $24 to $26 range – giving the company a market cap of about $3 billion. It is listed on the Nasdaq, which […]

Paramount Skydance is preparing a bid to buy Warner Bros. Discovery, according to The Wall Street Journal.A report published Thursday cited sources who told the Journal that Paramount Skydance, which went through its own merger last month and is now being led by David Ellison, is seeking to acquire the movie studio and cable networks run by one of the company's top rivals.If completed, the deal would mark the largest […]

Artificial intelligence giant OpenAI on Thursday announced its nonprofit parent will retain control of the company while also gaining an equity stake worth more than $100 billion.The move will allow OpenAI to raise new capital while also making its nonprofit parent company "one of the most well-resourced philanthropic organizations in the world," according to Bret Taylor, chairman of OpenAI's board."This recapitalization would also enable us to raise the capital required […]

President Donald Trump has offered the 300 South Koreans rounded up and detained during an Immigrations and Customs Enforcement (ICE) raid in Georgia the opportunity to stay in the U.S."Each person was allowed to choose, and the U.S. government said essentially, ‘If you want to go, you may go; if you want to stay, you may stay,’" South Korean President Lee Jae-myung said at a news conference Thursday, adding that […]

Roblox said Thursday it had taken down more than 100 experiences referencing Charlie Kirk that violated the online gaming platform's rules after Wednesday's assassination of the Turning Point USA founder at Utah Valley University.A Roblox spokesperson told FOX Business in an email the company’s moderation team began identifying content tied to Charlie Kirk Wednesday after his assassination at Utah Valley University in Orem, Utah. The spokesperson emphasized the platform bans material […]

Nearly 300 retired city employees in a Democrat-led city are reportedly still waiting to receive their pension payments, months after accepting early retirement packages as part of a cost-cutting initiative.At a city council meeting Wednesday, Houston Mayor John Whitmire pushed back against criticism that the Houston Municipal Employees Pension System (HMEPS) failed to issue payments, stressing he has no authority over the fund, according to local news outlet KHOU 11 […]

U.S. drivers are expected to spend the smallest share of their disposable income on gasoline this year than in the past two decades, according to new data from the Energy Information Administration (EIA).The EIA projected that less than 2% of people's personal disposable income will be spent on gasoline in 2025, down from an average 2.4% over the previous decade and the lowest share since 2005, excluding 2020. To get […]