Business

Spirit Airlines warned Tuesday that it may not make it through another year, citing concerns over its ability to raise enough cash, despite having successfully restructured its debt and emerging from bankruptcy just months ago. The beleaguered low-cost carrier said in a Securities and Exchange Commission (SEC) filing that it continues to be affected by "adverse market conditions," including continued weak demand for domestic leisure travel in the second quarter of […]

President Donald Trump on Tuesday slammed Goldman Sachs CEO David Solomon over a report showing that American consumers and businesses are shouldering the burden of tariffs, telling him to "focus on being a DJ."Trump's comments follow a report compiled by Goldman Sachs economists that showed U.S. businesses and consumers are paying the bulk of the cost of the president's tariffs, which are taxes on imports, rather than foreign countries who Trump has […]

Dine Brands' latest strategy goes beyond menu revamps, restaurant redesigns and social media campaigns, according to its CEO John Peyton.Instead, the company is focused on strategically combining its morning-focused brand, IHOP, with its evening-centric one, Applebee’s. The goal is to create a dual-branded model that allows it to capture and serve customers throughout every daypart – breakfast, lunch, dinner and late night – in a way that, as Peyton puts […]

President Donald Trump has pushed off imposing higher tariffs on China until November, just before additional tariffs were set to take effect Tuesday.An executive order from the president was signed Monday that will prevent higher tariffs from going into effect against China for another three months – until Nov. 9.The extension comes after Treasury Secretary Scott Bessent participated in trade negotiations in May with China in Geneva that resulted in […]

Hundreds of cases of cookies sold at Target are being recalled due to the potential that they may be contaminated with wood, according to a notice by the Food and Drug Administration (FDA). Ten-count packages of Favorite Day Bakery Frosted Sugar Cookies, which are one of Target's private labels, are at the center of the recall, according to the FDA notice. The recall was initiated by Give and Go Prepared Food […]

Samuel Adams is once again teaming up with a superstar athlete from Boston, and this time, they’re hitting the diamond at Fenway Park. Alex Bregman, the Boston Red Sox’s star third baseman, partnered with the iconic Boston brewery to launch "Bregman’s Beer," a limited-edition pale ale that will be exclusively sold at Samuel Adams Downtown Taproom and Boston Brewery. This is the first custom collaboration with Bregman since he joined the Red […]

After the Trump administration signaled a new executive order could be forthcoming that would clarify the United States' stance on whether gold imports should face tariffs, the president himself took the issue into his own hands with an announcement Monday that gold 'will not be Tariffed."Trump's announcement follows a ruling by the U.S. Customs and Border Patrol's website, which said gold would be subject to reciprocal tariffs after a Switzerland-based […]

Ford’s president and CEO offered an inside look at the auto company’s biggest manufacturing change since the Model T, while spotlighting a multi-billion-dollar bet on America’s supply chain."We're announcing... $5 billion of new investments here in Kentucky and Michigan, to build a radically new vehicle," Jim Farley said on FOX Business "Varney & Co." Monday."And we're going to build it completely different than Henry Ford's moving assembly line."FEDERAL JUDGE ORDERS […]

President Donald Trump on Monday touted a "beautiful" surge in tariff revenues on imported goods, crediting his administration's trade policies for a flood of cash into the U.S. economy."We're finding hundreds of billions of dollars of cash is pouring into our country now because of tariffs," Trump said during a White House press briefing. "It's so beautiful to see it," Trump said of the record tariff revenues figures, pointing to […]