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Spirit Airlines reaches deal to exit bankruptcy proceedings by early summer
Spirit Airlines announced Tuesday that it reached a deal with lenders that will allow it to exit bankruptcy by the late spring or early summer. The low-cost carrier filed for…
FirstFT: Shein’s mysterious founder emerges to hail Chinese roots
Good morning and welcome back to FirstFT Asia. In today’s newsletter:Shein’s mysterious founder emergesChina hits Japanese companies with export curbsTrump’s Iran ‘crisis of his…
Consumer confidence rebounds in February as Americans grow less pessimistic about jobs
Consumer confidence ticked higher in February as American households' expectations for the labor market improved. The Conference Board's consumer confidence index rose 2.2…
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Supreme Court unanimously rebukes lower court's handling of Whole Foods baby food case
The U.S. Supreme Court upheld a 5th Circuit Court ruling relating to Whole Foods on Tuesday, joining the court in its rebuke of a lower district court's handling of the case.…
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Lamborghini scraps first EV launch, calls development 'expensive hobby'
Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand. Lamborghini CEO Stephan Winkelmann spoke…
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Ford recalls over 412,000 vehicles over suspension issue
Ford is recalling more than 450,000 vehicles in the U.S. in two separate actions over safety issues that federal regulators say could increase the risk of a crash. The largest…