NYT > Business

Spirit Airlines’ Demise Could Help Other Airlines

Even in its reduced state, the company played an important role in forcing other airlines to keep fares low, some experts said.
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OPEC Plus, in Symbolic Gesture, to Increase Oil Production

The announcement came days after the United Arab Emirates withdrew from the group. The higher output will have little effect on global supplies.
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Jeeves and Ask.com Shut Down After Almost 30 Years

The pioneering search engine shut down on May 1, after nearly 30 years in operation.
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MAHA Awaits Robert F. Kennedy Jr.’s Definition of Ultraprocessed Foods

Some yogurts and peanut butters could be considered ultraprocessed as scientists and MAHA supporters push for a strict definition.
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Driving Electric in Costa Rica Is Surprisingly Doable

The charging network is spotty, but it’s a small country.
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These Countries Embrace E.V.s to Avoid Oil Price Shocks

People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
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Spirit Airlines Cancels All Flights, Stranding Passengers

The budget carrier abruptly canceled flights early on Saturday, leaving passengers to rush to make other plans. “Even if they go back into business, never again,” one traveler said.
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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 investment in the budding sector.
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Is Tooth Brushing at Work Gross?

Plus: Is it insane to refuse a raise?
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5 Money Lessons From People Caring for Their Elderly Parents

Generation X-ers and others shared stories of family crises, and we asked experts how to think about living longer than you expect.
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Spirit Airlines Shuts Down After Years of Struggle

Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
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Not Even Japanese Bathhouses Are Immune From Shocks of Iran War

High fuel costs are imperiling the Japanese sento, a long-declining industry that remains a vital social lifeline for the country’s isolated elderly.
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Netflix Plans First Wide Theatrical Release With ‘Narnia’

The company is breaking from its longstanding policy of releasing movies exclusively on its streaming service.
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Thermos Recalls 8.2 Million Jars and Bottles After Customers Are Injured

The company received reports that the stoppers on some of its products had “forcefully ejected,” striking customers and causing permanent vision loss in a few cases, safety regulators said.
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Charlie Kirk’s Former Security Chief Sues Candace Owens for Defamation

The lawsuit focuses on remarks made by Ms. Owens, a right-wing podcaster, about Mr. Kirk’s killing, highlighting a growing tension among factions of the American right.
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Spirit Airlines Prepares to Shut Down After Trump Administration Bailout Falls Through

The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
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Schwab Affiliate Halts Customer Donations to Southern Poverty Law Center

Fidelity’s and Vanguard’s donor-advised fund entities have taken similar actions since a Justice Department indictment of the civil rights group.
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Trump Administration Pushes Forward With Tariffs Based on Forced Labor Laws

Nonprofit groups have applauded an investigation on trade in goods made with forced labor but say that the Trump administration should go further to enforce its own laws
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Oil Cools Slightly After a 4-Year High as Gasoline Jumps

The price of Brent crude, the international benchmark, dipped, while the average price of gasoline in the United States bumped up by 9 cents overnight. Stocks continued to climb.
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F.D.A. Grants Early Access to Promising Drug for Pancreatic Cancer

Patients with one of the deadliest cancers have been pleading for an unapproved treatment that may prolong their lives.
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Maryland Is First to Ban A.I.-Driven Price Increases in Grocery Stores

A state law that goes into effect in October prohibits grocery stores and third-party delivery services from using consumer data to boost prices.
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Stocks and Oil Prices Sent Conflicting Signals in April Amid Havoc of Iran War

The S&P 500 notched five weeks of gains for the first time in roughly 18 months. In April, it rose more than 10 percent, its best month since November 2020.
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Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky

A 10 percent tax on American imports was hurting British sales, even though exporters had increased sales in India, China and other countries.
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Utility Bills Are Likely to Be Higher This Summer. Here’s What You Can Do.

The average bill is forecast to rise 8.5 percent. There are simple ways to make sure you’re not overpaying, like getting your air-conditioning checked.
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OpenAI’s New Model Spurs Debate Over Computing Power

Sam Altman suggested it would be released more widely than a rival offering from Anthropic. Some are suggesting it’s because OpenAI has more computing power.
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Fed Officials Cite Inflation Concerns in Defending Dissents

The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap

American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Reporters at McClatchy Withhold Bylines in A.I. Dispute

Journalists at newspapers like The Miami Herald and The Sacramento Bee are refusing to let the chain use their names on summarized articles generated by a new A.I. tool.
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The World’s Central Banks Are Wrestling With a Gigantic Problem

Inflationary surges and economic slowdowns set off by the war in Iran, tariffs and other Trump policies have forced monetary officials to adjust, our columnist says.
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As Kentucky Derby Becomes a Bigger Business, Locals Feel Left Behind

Locals say rising ticket prices and a late start time for the Oaks race on Friday are hurting residents and restaurants. “The only thing I see is greed,” one steakhouse owner said.
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Obamacare Enrollment Drops Sharply as Costs Rise

Americans can’t afford the higher health insurance premiums that resulted from Congress’s refusal to extend federal tax credits.
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Why So Many People Already Own Shares of Elon Musk’s SpaceX

Even before the rocket company holds a major initial public offering, many people own stock in it through so-called special purpose vehicles.
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Electric Cars Were a Big Deal Over a Hundred Years Ago

The very first E.V. was born in the 1830s. By the 1900s, electric carriages were dodging horse droppings in Manhattan streets.
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5 New Stockholm Bakeries

The Swedish appetite for sweets, caffeine and hanging out has led to a profusion of new convivial bakeries.
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After Prison, a Financial Titan Plots an Unlikely Comeback

Bill McGlashan served time for trying to buy his son’s way into college during the Varsity Blues scandal. He hopes his new venture will restore his name — and save the planet.
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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes

European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
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Why Countries Are Stocking Up on Gold

As risk has escalated, central banks have bought more gold to stash in reserve. A widening Middle East war could add to the urgency.
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Where in the World Is All That Gold Stored?

As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.
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Crop Undercount Raises Questions About Reliability of U.S.D.A. Data

Corn estimates were off by 4.5 million acres last year. A lack of survey responses, not job cuts, led to the miss, the Agriculture Department said.
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Behind Powell’s High-Stakes Decision to Stay at the Fed

Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.
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U.S. Economy Grew 2 Percent in Early 2026 Even as War in Iran Began to Hit Energy Prices

Gross domestic product expanded at a 2 percent annual rate in the first three months of the year, a period including first weeks of conflict in the Middle East.
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How Powell Just Complicated Trump’s Fed Plans

Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.
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Casa, a Handyman Start-Up, Aims to Automate Home Maintenance

Casa, a company founded by former Uber executives, says it uses artificial intelligence and a stable of handymen to take care of members’ homes.
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Senators Say Lawyers Helped Wealthy Clients Dodge Taxes in Puerto Rico

Rich Americans are writing off taxes they owed before they moved to Puerto Rico, the Senate Finance Committee says.
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Palantir Is Making a French Chore Coat. Yes, That Palantir.

The data analysis company is selling a version of the jacket that it says will show its commitment to “re-industrializing America.”
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With the Arrival of Goop Kitchen, Is New York Food Going Full L.A.?

Gwyneth Paltrow’s healthy-eating enterprise is just one of several recent Los Angeles exports to a rival city with its own ideas about what’s good.
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Oil Price Hits Wartime High Above $120 a Barrel as Iran War Standoff Continues

Strong earnings and economic data buck fears that prolonged disruption to Middle East fuel supplies will eventually dent economic growth.
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Rising Fuel Prices Force Policymakers to Weigh Excruciating Choices

The Bank of England and European Central Bank held interest rates steady on Thursday, as officials search for signs of possible longer-term damage and warn of the impact of a prolonged energy shock.
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Roger Sweet, Creator of the He-Man Action Figure, Dies at 91

The musclebound character he developed as a toy designer for Mattel gave rise to the Masters of the Universe franchise and helped define the machismo of the 1980s.
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Why the U.A.E. Is Quitting OPEC

The United Arab Emirates is walking away from OPEC this May. The New York Times’ energy reporter, Rebecca Elliott, breaks down how the war with Iran provided the perfect opening for the Emirates to go solo.
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