Business

Wall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market

JetBlue Airways on Friday expressed doubts over closing its $3.8 billion merger with Spirit Airlines, saying that it might not meet certain conditions required as part of the deal before the due date. Shares of Spirit tumbled 17% after the announcement, adding to their losses of about 55% this month that were sparked by a US judge’s…

Retired WWE pro wrestler Lance Storm weighed in on “disgusting” claims that Vince McMahon sexually abused a female staffer, including with sex toys that he named after wrestling stars, per a bombshell lawsuit filed Thursday. “Look, I was one of the few that said he needed to be gone when the story first broke,” Storm…

The former WWE employee who alleged she was sexually assaulted and trafficked by Vince McMahon was grief-stricken over the passing of her parents and desperate for a job when she met the wrestling mogul at the luxury condo where they both lived, according to her lawsuit. McMahon lived in the duplex penthouse at Park Tower…

The recession America was expecting never showed up. Many economists spent early 2023 predicting a painful downturn, a view so widely held that some commentators started to treat it as a given. Inflation had spiked to the highest level in decades, and a range of forecasters thought that it would take a drop in demand…

The Biden administration’s decision to delay approval of new liquefied natural gas terminals in the United States has been hailed as a major victory for environmental advocacy groups, but it is creating unease outside the United States about future energy supplies. “I think U.S. allies and trade partners will have some concerns about this, because…

JPMorgan Chase is reshuffling its leadership team, a move that many consider a succession plan even though its longtime chief executive, Jamie Dimon, has signaled he is staying put. Mr. Dimon, 67, has been head of what is now the largest bank in the United States for nearly two decades, and repeatedly brushed off suggestions…

DETROIT — U.S. auto safety regulators have closed an investigation into complaints that the doors on some Ford Escapes can open while the SUVs are being driven, without seeking a recall. The National Highway Traffic Safety Administration says its probe opened last July found that there is a low potential hazard to drivers, and that…

American Express saw its fourth quarter profits jump 23% from last year, as more cardmembers have started keeping a balance on their accounts compared to previous years, which has brought in more interest income for the credit card giant NEW YORK — American Express’ fourth quarter profits jumped 23% from last year as more cardmembers…

NEW YORK — JetBlue Airways warned Friday that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend, sending Spirit shares tumbling. A federal judge this month sided with the Justice Department and blocked JetBlue’s proposed $3.8 billion purchase of Spirit. The Justice Department sued to block the merger,…