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Spirit Airlines Collapses and Ceases Operations
BusinessAPwsjlsm-lv+7SCMPmarketwatchThe IndependentYahooil-sole-24-orehindustan-timeschannel-news-asia1h ago10 sources

Spirit Airlines Collapses and Ceases Operations

Spirit Airlines, a major budget carrier, announced its collapse and ceased all operations, leading to widespread flight cancellations and leaving thousands of passengers stranded. The airline's demise has prompted discussions about its business model and the factors contributing to its failure.

US Navy Secretary John Phelan Ousted Amid Pentagon Clash
PoliticsAPReutersBBC+77bloombergNYTwsjFTle-mondewapoThe GuardianNPR+69 more9d ago80 sources

US Navy Secretary John Phelan Ousted Amid Pentagon Clash

John Phelan, the US Navy Secretary, has been ousted from his position, with reports citing a clash with Pentagon leadership and the ongoing naval blockade of Iran as contributing factors. Hung Cao has been named as the interim US Navy Secretary following Phelan's departure.

Warren Questions Trump Admin's Iran Evacuation Plan
Politicscnbcindex-hr10d ago2 sources

Warren Questions Trump Admin's Iran Evacuation Plan

Senator Elizabeth Warren pressed the Trump administration for details on its plan to evacuate Americans from Iran, amid concerns that no clear strategy was in place. Reports indicated the administration lacked a defined plan for such a scenario.

Sen. Warren Criticizes Fed Chair Nominee Kevin Warsh Amid Powell Probe
FinanceFTcnbc1mo ago2 sources

Sen. Warren Criticizes Fed Chair Nominee Kevin Warsh Amid Powell Probe

Former President Trump commended officials who initiated an investigation into Federal Reserve Chair Jerome Powell, following a judge's characterization of the probe as an attempt to pressure Powell into lowering interest rates. Senator Elizabeth Warren has also criticized Kevin Warsh, whose nomination as Fed chair is in limbo due to this criminal investigation of Chair Powell.

Trump's admin confirms that selling federal student loans to private companies is still on the table
PoliticsBusiness Insider2mo ago

Trump's admin confirms that selling federal student loans to private companies is still on the table

President Donald Trump Saul Loeb/AFP/Getty Images The Education Department said it has not made a final decision on selling off federal student loans. It's the first time the administration has publicly acknowledged that a sale to private companies is under consideration. It comes as private lenders prepare for an influx of borrowers amid looming repayment changes. The future ownership of the federal student-loan portfolio is up in the air. On Monday, Sen. Elizabeth Warren released a respon...

Jerome Powell Concludes Term as Fed Chair, Stays on Board
PoliticsAPReutersBBC+63bloombergNYTeconomistwsjFTle-mondewapoThe Guardian+55 more2d ago66 sources

Jerome Powell Concludes Term as Fed Chair, Stays on Board

Jerome Powell held his final press conference and oversaw his last rate decision as Federal Reserve Chair, announcing his intention to remain on the Fed board after his term as chair ends. This decision comes after nearly eight years as head of the central bank.

Politicsbloomberg10d ago

Kevin Warsh's Fed Nomination Faces Scrutiny and Political Battle

Kevin Warsh's potential nomination to the Federal Reserve Board is facing a political struggle, with Senator Thom Tillis signaling openness to a vote only if Congress adds a Fed probe. Senator Elizabeth Warren has also criticized Warsh's testimony, citing a lack of independence.

Sen. Warren Questions DOD on Anthropic Blacklist Amid OpenAI Military AI Clash
Technologycnbchvg1mo ago2 sources

Sen. Warren Questions DOD on Anthropic Blacklist Amid OpenAI Military AI Clash

Senator Elizabeth Warren has questioned the Department of Defense regarding a reported 'blacklist' of AI firm Anthropic, which appears to be retaliation for its reluctance to provide its Claude AI model to the military without restrictions, contrasting with OpenAI's more cooperative stance. This dispute, which also involves the Trump administration, could significantly influence the future direction of artificial intelligence development and its applications.