Author: Justin M. Larson

Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty ImagesIn March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes were awash in empty seats. Even the most profitable airlines cut the rosy financial forecasts they had issued at the start of the year.But Spirit, an airline with bright yellow planes that has become synonymous with budget travel in the U.S., now appears on even shakier ground.…

Read More

Marioguti | E+ | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Higher interest rates and a fast-shrinking labor market are taking their toll on the fix-and-flip housing market. Investors are starting to pull back, as costs rise and the time it takes to sell their renovated homes lengthens. The fix-and-flip market contracted slightly in the second…

Read More

LONDON — The presidents of Ukraine and Russia “have not been exactly best friends,” U.S. President Donald Trump said earlier this week, as he pushed for an in-person meeting that he says he hopes will lay the groundwork for an end to Moscow’s three-and-a-half-year-old invasion of Ukraine.Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin last met in 2019, for ill-fated negotiations on ending the simmering conflict sparked by Russia’s seizure of Crimea and fomentation of a separatist rebellion in eastern Ukraine in 2014.The 2019 meeting, which occurred shortly after Zelenskyy won power on a populist wave, ended with commitments…

Read More

Leon Cooperman on CNBC’s “Halftime Report.”Scott Mlyn | CNBCA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are known to invest for the long haul, sometimes for generations. But after President Donald Trump’s tariff announcements in April, the family offices of billionaire investors were quick to make significant changes to their portfolios, according to second-quarter securities filings analyzed by CNBC.Some moves were clearly connected to tariff and recession fears. In the three months ending June 30,…

Read More

Circle Squared Investments founder Jeff Sica discusses the impact of the real estate industry on the U.S. economy and markets. If you’ve flipped through the real-estate pages lately – or just tried to pull up Redfin or Zillow – something’s glaringly obvious. Nobody’s moving and nobody’s buying homes right now.   Recently, I took a glance on Zillow at one of the hottest markets in Florida, which is Route 30A in the panhandle. Where it was once almost impossible to see a red dot of something for sale, it now looks like a heat map that a B-52 Stealth bomber just lit up with red dots of bunker busters.  You’ve got homes sitting on the market for weeks – or months – with…

Read More

“It is vital to reach immediately a ceasefire in Gaza,” the Secretary-General told reporters on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9), “and the unconditional release of all hostages and to avoid the massive death and destruction that a military operation against Gaza City would inevitably cause.”Around one million people still live in the city – Gaza’s largest – in the north of the war-torn enclave. The Israeli army has reportedly described it as a stronghold of Hamas, the terror group whose deadly attacks in Israel and hostage-taking sparked the war on 7 October 2023.The UN chief…

Read More

Police in Brazil have accused former President Jair Bolsonaro, 70, and his 41-year-old son Eduardo of obstruction of justice. They allege that the two tried to interfere in the trial currently under way against the elder Bolsonaro, in which he stands accused of leading an attempted coup after his defeat in the 2022 presidential election.Police say they have found a document on Jair Bolsonaro’s mobile phone which suggests he planned to evade criminal proceedings by seeking asylum in Argentina.They also accuse Eduardo Bolsonaro of lobbying the Trump administration on behalf of his father – which they say led to the…

Read More

 ‘Barron’s Roundtable’ panelists discuss how retail stocks are performing for investors. Walmart, the nation’s largest private employer, has increased the number of discounts it offers, especially in its grocery business, as it looks to offset the impact of tariffs and attract shoppers. In its second-quarter earnings report, the retail behemoth said it offered more than 7,400 “rollbacks,” or discounts, during the three-month period ending in July. Walmart also provided 30% more grocery discounts compared to a year earlier. Not only is the company contending with tariffs, which it warned would force costs to rise, but it is also facing higher operating…

Read More

Chipotle is teaming up with drone delivery leader Zipline to test autonomous food delivery.Beginning Thursday, select customers in the greater Dallas area will have the option to use the so-called Zipotle delivery through an early access program in the Zipline app. Zipline’s autonomous aircraft will deliver orders to customers’ homes from a Rowlett, Texas Chipotle location. A small number of Zipline users will be able to order the full Chipotle menu to start, with a broader service launch in the weeks to come for more users. Any potential expansions in the future would be based on learnings from the test.Employees will…

Read More

A tractor trailer carrying more than 40,000 pounds of ribeye steak went up in flames on the side of the highway after the vehicle caught fire early Monday morning, officials said.The Doolittle Rural Fire Protection District in Doolittle, Missouri, responded to reports of a tractor trailer on fire on Route 174 eastbound early Monday morning, according to fire department officials.However, when they arrived, they discovered that the vehicle engulfed in flames was carrying over 20 tons of ribeye steaks, which the department called “a total loss” following the incident.It was probationary firefighter Jenna Ulrich’s first fire and she fought it…

Read More

German prosecutors say a Ukrainian man has been arrested in Italy on suspicion of blowing up the Nord Stream gas pipelines under the Baltic Sea, several months after the start of Russia’s full-scale invasion of Ukraine in 2022.The man, identified only as Serhii K, was arrested in the province of Rimini and was part of a group who planted explosives under the Nord Stream 1 and Nord Stream 2 pipelines from Russia to Germany, federal prosecutors say.The Ukrainian is suspected of being one of the masterminds of the operation, which involved charting a yacht and sailing from the German port…

Read More

Disney is launching its new ESPN flagship streaming app Thursday, just in time for the football season, bringing customers the full ESPN suite in one place.The entertainment company has been working on the launch of the direct-to-consumer app — which is also named ESPN — for some time. It’s designed to expand access for existing cable subscribers and give sports fans outside the traditional pay TV bundle access to all of ESPN’s content.It’s the first time the company is offering all of its linear TV content to customers via streaming.Tune in at 10 a.m. ET: CNBC’s David Faber interviews Disney…

Read More

60-year-old Society Atlanta resident Philippa ‘Pippa’ White and Property Markets Group senior director of corporate development Brian Koles speak to Fox News Digital about a growing trend of people 55 and over renting apartments. Owning and maintaining a home may no longer define the American dream for many older Americans. “I’m definitely saving money. I don’t have the same expenses as I did before, carrying a house and a mortgage. So, I’m definitely much freer than I was, and lighter,” 60-year-old advertising creative director Philippa “Pippa” White told Fox News Digital.”I’m in my renaissance, actually.” White is one of many…

Read More

Circle Squared Investments founder Jeff Sica discusses the impact of the real estate industry on the U.S. economy and markets. Fewer than 30% of homes on the U.S. housing market are affordable for the average household as borrowing rates remain a critical barrier, according to a Realtor.com report. As of August, only 28% of homes on the market were priced within reach of the typical household, with the maximum affordable home price for a median-income household falling to $298,000. In 2019, that figure was $325,000, according to the real estate firm’s Buying Power Report. This means buying power is down…

Read More

Dr. Aqsa Durrani, an American physician who has been providing humanitarian work around the world for over 15 years, said amid the harrowing scenes of death and destruction in Gaza, one story especially sticks with her.Found injured and alone after an Israeli airstrike, a 4-year-old girl was taken to a trauma field hospital in central Gaza, she told ABC News.”She was completely in shock. She was not talking and [a colleague] decided, ‘I have to take this little girl home and I have try to see if I can help her find her family,'” said Durrani, a pediatric ICU doctor…

Read More

SEC Chairman Paul Atkins discusses the Trump administration’s actions on cryptocurrency regulation and more on ‘Mornings with Maria.’ Tyler and Cameron Winklevoss, the twins who co-founded the Gemini cryptocurrency exchange, donated more than 188 bitcoin to the Digital Freedom Fund PAC in a bid to help back bolster the Trump administration’s pro-crypto agenda, Tyler Winklevoss announced Wednesday on X. “Today, @cameron and I donated $21 million in bitcoin (188.4547 BTC) to the Digital Freedom Fund PAC. The mission of the @FreedomFundPAC is to help realize President Trump’s vision of making America the crypto capital of the world,” the post noted.One…

Read More

Bug bites that become infected may develop symptoms like warmth, redness, swelling, and pain. Though you may need treatment, infections from bug bites are usually temporary. Rarely, infections can become serious. Signs of an infected bug bite may include: Redness or discoloration around the bite Heat radiating from the affected area Swelling, tenderness, or pain Itchy and painful sores that may burst and leak yellow fluid and then crust over A bull’s-eye rash Streaking on your skin Fatigue Fever or chills Swollen lymph nodes Arthritis-like joint pain Note: Some swelling and itchiness are normal after a bite or sting from…

Read More