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Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

Spirit Airlines, Inc., amid struggles with mounting losses and debt, has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In an open letter to all Spirit Guests, the company called the process a proactive step to position it...
RTTNews | Před 4 dny
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares may open higher on Monday as energy and materials sectors are likely to attract buyers thanks to firm crude oil and metal prices. With Canadian inflation data due this week, and the Federal Reserve's upcoming policy moves remaining a bit uncertain, the mood is likely to remain somewhat cautious.
RTTNews | Před 4 dny
CPI Uptick, Fed Hints Boost Dollar Again

CPI Uptick, Fed Hints Boost Dollar Again

The U.S. dollar rallied against major currencies during the week ended November 15 amidst an expected uptick in consumer price inflation in the U.S. as well as hints from Jerome Powell that the Fed was in no hurry to cut rates.
RTTNews | Před 4 dny
Eurozone Trade Surplus Increases In September

Eurozone Trade Surplus Increases In September

The euro area trade surplus increased notably in September as exports to the United States surged ahead of the presidential election in November that saw Donald Trump winning the race. The trade surplus rose to EUR 12.5 billion in September from EUR 9.8 billion in the same period last year, data from Eurostat showed Monday.
RTTNews | Před 4 dny
Nvidia's New Blackwell AI Chip Servers Reportedly Overheat

Nvidia's New Blackwell AI Chip Servers Reportedly Overheat

Nvidia Corp.'s new Blackwell AI chips are facing overheating issues that could delay new data centres, The Information reported citing customers, suppliers and employees working on the issue. In pre-market activity on the Nasdaq, the shares were losing around 2.5 percent. The news comes as the world's most valuable company by market capitalization is set to release its third-quarter earnings...
RTTNews | Před 4 dny
Thai GDP Expands Most In 2 Years

Thai GDP Expands Most In 2 Years

The Thai economy grew at the fastest pace in two years in the third quarter on strong investment, exports and government spending, data from the Office of the National Economic and Social Development Council showed Monday. Gross domestic product climbed 3.0 percent on a yearly basis after rising revised 2.2 percent in the second quarter.
RTTNews | Před 4 dny
Sensex, Nifty End Modestly Lower

Sensex, Nifty End Modestly Lower

Indian shares ended Monday's session modestly lower amid concerns over slowing earnings growth and a weakening rupee amidst continued foreign fund outflows.
RTTNews | Před 4 dny
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DAX Inches Higher In Cautious Trade As Banks Gain

DAX Inches Higher In Cautious Trade As Banks Gain

German stocks were modestly higher in cautious trade on Monday as investors awaited speeches from European Central Bank policymakers including chief Christine Lagarde later in the day for new hints about whether the central bank will cut interest rates again when it meets in December.
RTTNews | Před 4 dny
Yen Retreats After BoJ Ueda Comments Add Rate Hike Uncertainty

Yen Retreats After BoJ Ueda Comments Add Rate Hike Uncertainty

The Japanese yen retreated from recent highs against other major currencies in the Asian session on Monday, after the Bank of Japan Governor Kazuo Ueda said the future interest rate decisions will be data-dependent and avoided giving clear idea about the timing of the next rate hike.
RTTNews | Před 4 dny

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