Business news

Business news • May 02

Trump Transportation Secretary Duffy announces relief for Spirit Airlines flyers, employees

Spirit Airlines sudden shutdown prompted Transportation Secretary Sean Duffy to announce a number of relief measures in a Saturday press conference.

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Business news • May 02

The Drama Before the Dress Code: A Met Gala Curtain Raiser

Everything to know about the Met Gala 2026: including the rumored Bezos boycott, Tom Ford's attendance and Meryl Streep not attending.

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Business news • May 02

Berkshire Operating Profits Rose 18% in First Quarter. The Company Bought Back $235 Million of Stock.

Berkshire Hathaway's operating earnings after taxes rose 18% in the first quarter to $11.3 billion on strength in the company's railroad unit and higher...

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Business news • May 02

Berkshire cash pile climbs to $380bn as stock sales streak hits 14th quarter

Berkshire Hathaway continued to sell stocks in its first quarter under the command of new chief executive Greg Abel, pushing its cash pile above $380bn as...

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Business news • May 02

Here’s how Berkshire Hathaway did in its first quarter without Warren Buffett as CEO

Berkshire Hathaway on Saturday reported $11.35 billion in operating earnings and a record cash pile in the first quarter under CEO Greg Abel.

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Business news • May 02

The Cannabis Industry’s New Best Friend? President Trump

The administration's decision to relax federal regulations on medical marijuana comes with big tax breaks for many cannabis companies, and could drive new...

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Business news • May 02

The UAE Quit OPEC Because Its Sovereign Wealth Now Dwarfs Oil

The UAE left OPEC because its $1.7 trillion sovereign wealth portfolio now matters more than the price of crude. Higher oil prices can hurt Abu Dhabi as...

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Business news • May 02

American Airlines takes action to support Spirit Airlines customers and team members

The American Airlines team is doing everything we can to support Spirit Airlines customers and team members affected by Spirit's immediate wind-down of...

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Business news • May 02

Two harsh realities are keeping lower earners stuck while the wealthy pull ahead

The prongs of the K-shaped economy are being propped up by two dreary economic realities: lower earners are getting hit harder by inflation, and left behind...

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Business news • May 02

Updated: Delta offers support to Spirit Airlines travelers and team members

We are offering reduced, nonrefundable fares in affected markets over the next five days to help travelers book last-minute travel|

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Business news • May 02

Frontier Airlines Announces Discounted Rescue Fares to Support Spirit Airlines Customers

DENVER -- May 2, 2026 - Frontier Airlines today announced systemwide rescue fare discounts and is also offering a $199 GoWild All-You-Can-Fly Summer Pass to...

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Business news • May 02

Spirit shutdown leaves North Texans scrambling as summer travel nears

A potential Spirit Airlines shutdown just weeks before the busy summer travel season has left North Texas travelers scrambling to salvage their plans.

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Business news • May 02

Spirit Airlines prepares to shut down: What we know

Hundreds of people checked into their Spirit Airline flight on May 1, but now, travelers are worrying the airline will shutdown. President Trump brought a...

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Business news • May 02

Spirit Airlines bankrupcy

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Business news • May 02

Average gas prices in Chicago surpass $5 per gallon for first time since 2022

According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.

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Business news • May 02

Pain at the pump: Ohio gas prices spike nearly $1 in a week

COLUMBUS, Ohio — Gas prices are surging across Ohio, hitting their highest levels since 2022 as drivers face sharp increases at the pump driven by refinery...

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Business news • May 02

Chicago gas prices surge past $5 per gallon

A sharp uptick in gas prices has pushed the cost of an average gallon of regular in Chicago to more than $5. According to AAA, the average price of a gallon...

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Business news • May 02

S.F. supervisors, state senator arrested as May Day protest closes SFO roadway

A May Day protest by airport service workers briefly shut down the departure-level roadway at San Francisco International Airport's international terminal...

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Business news • May 02

How the Trump Administration’s Spirit Airlines Rescue Unraveled

In a 15-minute phone call, Commerce Secretary Howard Lutnick and Spirit Chief Executive Officer Dave Davis agreed that the budget carrier had run out of...

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Business news • May 02

Top AI companies agree to work with Pentagon on secret data

The Pentagon has signed agreements with leading AI firms, including Microsoft, Amazon and Google, advancing military capabilities amid a dispute over...

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