Former Abercrombie & Fitch Chairman and CEO Mike Jeffries addresses stockholders during the company’s annual meeting at its headquarters in New Albany, Ohio, on May 22, 2003. Will Shilling | Via Reuters Abercrombie & Fitch washed its hands of its former CEO Mike Jeffries after he was arrested on federal sex trafficking charges, saying in […]

(Bloomberg) — Spirit Airlines Inc. is in talks with Frontier Group Holdings Inc. about filing for bankruptcy to facilitate a takeover by the rival discount carrier, according to people with knowledge of the matter. Most Read from Bloomberg An attempt to sell Spirit via Chapter 11 would likely need the advanced approval of the airline’s

KEY TAKEAWAYS The silver market eased Wednesday, halting a strong two-week rally. The decline comes as expectations for the Federal Reserve to aggressively cut interest rates have subsided. However, strong industrial demand will continue to support prices that have surged more than 40% this year. Silver investors took a breather Wednesday from a strong two-week

By Akash Sriram, Abhirup Roy (Reuters) -Tesla CEO Elon Musk said he expects vehicle sales to grow 20% to 30% next year, reassuring investors the company was improving its core business of selling electric vehicles profitably, and reducing concerns about when it could produce a robotaxi. The forecast, building on a target for “slight growth”

Bond traders are at it again, pushing Treasury yields higher and signaling the Federal Reserve was too heavy-handed when it cut interest rates by a half-percentage point last month. The recently rising yields have put pressure on the stock market — and specifically, names in our portfolio tied to housing. The 10-year Treasury yield —

Tesla (TSLA) on Wednesday reported mixed earnings for its last quarter, with revenue failing to meet expectations, strong profits, and a renewed promise for more affordable vehicles on the way. The Austin, Texas-based company reported revenue of $25.1 billion, up 8% compared to last year, but below the $25.4 billion expected by analysts, according to

(Bloomberg) — Tesla Inc. surpassed Wall Street estimates for earnings in the third quarter and projected a slight increase in deliveries for the current year, reflecting a rebound in demand for its electric vehicles. Most Read from Bloomberg The company on Wednesday reported adjusted earnings of 72 cents per share for the quarter, above the

Regulators today ordered Apple and investment banking giant Goldman Sachs to pay almost $90 million in penalties and customer redress over what it termed “Apple Card failures.” The Consumer Financial Protection Bureau (CFPB) cited “customer service breakdowns and misrepresentations” that affected hundreds of thousands of Apple Card customers. Chief among the issues cited: the failure

First, the good news: That extra dollar or $1,000 or $10,000 that you scraped out of your paychecks and invested has actually earned you some money. Now, the bad news: Uncle Sam is waiting at your door with his hand out because the Internal Revenue Service (IRS) wants its share of that money.  You have

In March 2022, venture capitalist Chris Ahn was pushing to get into a hot crypto startup that was trying to make it easy for businesses to transact using digital currencies. The company was Bridge Network. As part of his pitch, Ahn flew to a small town in northern Montana with a term sheet in hand