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☆ How Spirit Airlines’ bankruptcy could affect travelers
▼ + stars: | 2024-11-19 | by ( Alexandra Skores | ) edition.cnn.com time to read: +4 min

CNN —If you planned on traveling aboard Spirit Airlines for the holidays, which filed for bankruptcy Monday, you shouldn’t worry. Multiple US airlines have undergone bankruptcies over the years, including United Airlines in 2002, Delta Air Lines in 2005 and American Airlines in 2011. That same low fare model pushed competitors at legacy airlines to offer options for basic economy tickets, tickets that compare to Spirit’s prices but come with restrictions. She said the stigma of bankruptcy may impact Spirit going forward with travelers uncertain of its future. For now, travelers shouldn’t stress as the airline begins to navigate bankruptcy, as it seems like a pretty standard bankruptcy filing, according to Foss.

Persons: Zach Griff, Guy, “, ” Griff, I’m, ”, Ted Christie, Griff, Sarah Foss, Debtwire, Foss, ” Foss Organizations: CNN, Spirit Airlines, United Airlines, Delta Air Lines, American Airlines, Frontier Airlines, JetBlue Airways, Frontier Locations: Frontier

☆ René Magritte’s ‘L’empire des lumières’ sells for record $121 million
▼ + stars: | 2024-11-19 | by ( Karina Tsui | ) edition.cnn.com time to read: +4 min

CNN —A René Magritte painting depicting an eerily lit streetscape sold for more than $121 million at a Christie’s auction in New York on Tuesday –– surpassing its $95 million estimate and smashing the auction record for the Surrealist artist’s work. The auction also featured paintings by other modern giants like Ed Ruscha and Max Ernst. The painting sold for a record sum at a Christie's auction in New York. Two other Magritte works were included in the sale: The paintings “La cour d’amour” and “La Mémoire,” which sold for $10.53 million and $3.68 million, respectively. He produced a total of 17 oil paintings and 10 gouaches (water-based paintings) that all share the name “L’empire des lumières” –– and each with small alternations between versions.

Persons: Magritte, Mica Ertegun’s, Ed Ruscha, Max Ernst, ”, Max Carter, ” Carter, David Hockney, –, Claude Monet, Vincent van Gogh, Peggy Guggenheim, Sandra Zalman, Zalman, ” “, ” Zalman Organizations: CNN, Century, Art Basel, Venice Biennale, University of Houston Locations: New York, British, Hong Kong, Belgian

☆ A bumper crop of art is hitting the New York auction market. Will Trump help?
▼ + stars: | 2024-11-19 | by ( Auzinea Bacon | John Towfighi | ) edition.cnn.com time to read: +6 min

Art on the auction blockA little more than half of Phillips, Christie’s and Sotheby’s sales — which will carry the three aforementioned art pieces — were based in New York, where 34 of the top 50 auction lots were sold in 2023, according to an Art Basel and UBS Art Market Report. Christie’s is auctioning 689 lots this week as part of the November art auctions. But Todd Levin of Levin Art Group was skeptical that tax cuts would do much for the art market. Interest ratesAnother drag on the art market over the last few years: high interest rates. A signal for what’s to comeNew York’s art auctions in the spring and fall could be a sign of things to come for the global art market, according to Woodham.

Persons: Maurizio Cattelan’s, ”, Andy Warhol’s “, Rene Magritte’s “, Sotheby’s, Phillips, Merrill Lynch, Donald Trump, Alex Glauber, ” Glauber, Christie’s, René Magritte, Marc Porter, Hiroko Masuike, Trump, bode, Todd Levin, “ It’s, Doug Woodham, —, Fernando Botero's, Kena Batancur, Glauber, Amy Whitaker, ’, ” Whitaker Organizations: New, New York CNN, Andy Warhol’s “ New York Skyscrapers, of, Christie’s, Association of Professional Art Advisors, CNN, Art Basel, UBS Art, New York Times, UBS Survey, Global, Trump White, Levin Art, Federal Reserve, Trump, NYU Steinhardt Locations: New York, Belgian, Christie’s Americas, Woodham, AFP, Miami

Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull. The deal comes with a commitment of $350 million in equity investment from bondholders, which it said equates to $795 million of outstanding debt. The company's share price fell from £3.22 to $1.15 last week after the Wall Street Journal reported it was preparing to file for bankruptcy protection, closing on $1.07 on Friday. Spirit said last month it would cut jobs and sell 23 older planes in a bid to save $80 million. Industry analysts said at the time that the court's decision left Spirit with few options but to face a likely restructure and bankruptcy.

Persons: “, Ted Christie, Christie, Spirit Organizations: Spirit Airlines, Company, ”, Wall Street, U.S, JetBlue, Industry Locations: , Florida

☆ Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
▼ + stars: | 2024-11-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Spirit Airlines , an icon of budget air travel that reshaped the industry, has filed for bankruptcy protection after years of mounting losses, a failed merger and more demanding consumer tastes. The airline said it expects to continue operating normally and said told customers can continue to book as the busy holiday season approaches. Spirit is the first major U.S. airline to file for Chapter 11 since American Airlines 13 years ago. Spirit filed for protection in U.S. Bankruptcy Court of the Southern District of New York.

Persons: Ted Christie, Spirit Organizations: Spirit Airlines, Fort, Hollywood International Airport, Fort Lauderdale , Florida . Spirit Airlines, U.S, American Airlines, JetBlue Airways, Bankruptcy, Southern, of, New York Stock Exchange Locations: Fort Lauderdale, Fort Lauderdale , Florida, , Florida, of New York

☆ What travelers need to know about Spirit Airlines' bankruptcy
▼ + stars: | 2024-11-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

In this article SAVE Follow your favorite stocks CREATE FREE ACCOUNTA passenger waits for assistance at the Spirit Airlines check-in counter in the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty ImagesSpirit Airlines has filed for Chapter 11 bankruptcy protection, becoming the first major U.S. passenger carrier to do so since American Airlines 13 years ago. Here's what travelers need to know:Why did Spirit file for bankruptcy? Spirit said Monday that it has reached a prearranged deal with the majority of its bondholders for a "streamlined" Chapter 11 bankruptcy protection plan. Rather, it gives the airline protection to reorganize its business, which often means shedding assets or parts of its operation.

Persons: Brandon Bell, Ted Christie, Spirit, —, Henry Harteveldt, Harteveldt Organizations: Spirit Airlines, Austin, Bergstrom International Airport, Getty, Airlines, U.S, American Airlines, Airbus, JetBlue Airways, Atmosphere Research, Spirit Locations: Austin , Texas

☆ Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
▼ + stars: | 2024-11-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +12 min

The main control room of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. (Take a deeper look inside the Three Mile Island nuclear power plant here.) Part of a control panel at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. A cooling tower at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. The turbine deck of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.

Persons: Danielle DeVries, Trevor Orth, Chris Crane, Constellation, Bryan Hanson, Hanson, Holtec, Mike Goff, Thomas Mehaffie, Tom Mehaffie, Mehaffie, Mehaffie's, PJM, Mark Christie, Alistair Speirs, Speirs, Ryan Levine, Levine, CNBC Hanson Organizations: CNBC MIDDLETOWN, Constellation Energy, Nuclear Regulatory Commission, Constellation, NRC, CNBC, Crane Clean Energy, Microsoft, Google, U.S . Unit, Energy Solutions, Unit, of Nuclear Energy, Department of Energy, Pennsylvania, Construction, Federal Energy Regulatory Commission, CNBC Federal, Nuclear Regulatory, Citi, General Electric Locations: Middletown , Pennsylvania, Pa, United States, U.S, Baltimore, Exelon, Michigan, Pennsylvania, Harrisburg

Trump’s transition team includes close to 100 people, with some working at Mar-a-Lago and others at the campaign office in Palm Beach and in Washington. Andrew Harnik/Getty ImagesInside Trump’s transitionTrump’s transition effort had begun with relatively orthodox choices — including Wiles, who led Trump’s campaign, as chief of staff. Much like his defense secretary pick, Trump had also grown frustrated with his options for attorney general. The role of attorney general has long been viewed by Trump as one of, if not the, most important positions he would fill. CORRECTION: This story has been corrected to properly reflect the process by which Donald Trump considered candidates for attorney general.

Persons: Donald Trump’s, Pete Hegseth, Tulsi Gabbard, Matt Gaetz, —, Trump, firebrands —, elect’s, MAGA, ”, “, ” Trump, Joe Biden, Mike Johnson, South Dakota Sen, John Thune, Elon Musk, Tesla, he’d, strode, Chris Christie’s, Susie Wiles, Wiles, Donald Trump, Andrew Harnik, Monday Trump, Florida Sen, Marco Rubio, Gabbard, Steve Bannon, ” Bannon, Donald Trump Jr, Richard Grenell, Rubio, Tony Hinchcliffe denigrated, JD Vance, Vance, Brian Snyder, Department —, Kamala Harris, Mark Paoletta, Andrew Bailey, Justice Department —, Jeff Sessions, William Barr, Department’s, Kevin McCarthy, Todd Blanche, Blanche, Nathan Howard, Gaetz, McCarthy, ” Gaetz, Gaetz’s, “ We’re, ” Johnson, Trump’s, Alaska Sen, Lisa Murkowski, Justice Department . Maine Sen, Susan Collins, Texas Sen, John Cornyn, Thune, Sen, Mike Rounds, ” Rounds, Kaitlan Collins, Annie Grayer, Danya Gainor, Holmes Lybrand, Dana Bash, Haley Talbot, Jeremy Herb, Katie Bo Lillis, Ted Barrett, Manu Raju, Sarah Ferris, Pamela Brown Organizations: CNN, Fox News, Hawaii Democratic, Republican, “, Wednesday, Washington, Hill, South, GOP, Elon, House Republicans, DC, SpaceX, Department of Government, Trump, New, New Jersey Gov, Mar, Hyatt, Monday, Democratic, Army National Guard, US Army Reserve, America, Florida Republican, Tony Hinchcliffe denigrated Puerto Ricans, State Department, Base Andrews, Reuters, Department, Justice Department, White House, Republicans, Capitol, U.S . Capitol, Senate, Justice Department ., Texas, South Dakota Republican Locations: Florida, Washington, South Dakota, Trump’s, New Jersey, Palm Beach, Washington ,, Syria, Russia, Tony Hinchcliffe denigrated Puerto, Madison, Maryland, U.S, Missouri, Manhattan, Trump, Alaska, Justice Department . Maine

☆ ‘Very rare’ 77-year-old piece of cake from Queen Elizabeth and Prince Philip’s wedding sells for $2,800
▼ + stars: | 2024-11-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —A “very rare” 77-year-old slice of the cake served at Queen Elizabeth II and Prince Philip’s wedding sold for £2,200 ($2,800) this week, according to auction house Reeman Dansie. The cake, which no longer looks edible, survived for almost eight decades since the wedding day on November 20, 1947. Reeman DansieElizabeth and Philip’s wedding cake was an extravagant, nine-foot tall (2.7 meters) creation, which weighed 500 pounds. Meanwhile, cake served at Charles and Princess Diana’s wedding and then kept in plastic wrap in an old cake tin similarly sold for £1,850 (then $2,565) at an auction in 2021. That 40-year-old cake slice featured a coat-of-arms colored in gold, red, blue and silver, a silver horseshoe and leaf spray, as well as some white decorative icing.

Persons: Elizabeth II, Prince Philip’s, Reeman, Princess Elizabeth, Marion Polson, Polson, Elizabeth, ”, “, Reeman Dansie Elizabeth, Prince Charles ’, Princess Diana’s Organizations: CNN, Holyrood House Locations: Buckingham Palace, Holyrood, Edinburgh, Scotland, Charles

☆ The Orient Express is plotting a comeback as the ultra-rich ditch luxury brands for travel
▼ + stars: | 2024-11-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

Dubbed La Dolce Vita, the new Orient Express trains will start operating in Spring 2025. Travel agent Julia Carter, founder of the luxury travel agency Craft Travel, said unique experiences are higher on the priority list of wealthy vacationers than ever. Itineraries on La Dolce Vita Orient Express start at $3,800 for a one-night stay. Courtesy of Orient Express ItalyUnlike cruise travel, luxury train travel is also more exclusive, another top priority among wealthy travelers. "People want the luxury of space and privacy," Craft, the luxury travel agent, said.

Persons: Vita, —, Amrita Banta, Julia Carter, Carter, Georges Nagelmackers, Agatha Christie, Dame Judi Dench, Kenneth Branagh, Buyenlarge, Samy Ghachem, La Dolce, COVID, let's, Ghachem, it's Organizations: Orient Express, Service, Research, Strategy, McKinsey & Company, Craft Travel, Orient, The Orient Express, Dolce Vita, Dolce Vita Orient Locations: Italy, China, Singapore, Thailand, Japan, Belgian, Paris, Istanbul, Sicily, Asia, Africa, Orient Express Italy

☆ Tech partnerships with power companies for AI in doubt after government rejects key Amazon agreement
▼ + stars: | 2024-11-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Technology companies' push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center. Constellation Energy and Vistra Corp. tumbled nearly 8% and more than 3%, respectively, in sympathy. The Amazon data center campus can still use 300 megawatts of power from the Susquehanna nuclear plant, according to Talen. The FERC decision does not impact Constellation's plans to restart the Three Mile Island nuclear plant in 2028 through a power purchase agreement with Microsoft . Tech companies are increasingly turning to nuclear power because it is reliable and does not emit carbon dioxide emissions.

Persons: Vistra, Talen, Mark Christie Organizations: Federal Energy Regulatory Commission, Susquehanna, Independent, Talen Energy, Amazon, Constellation Energy, Vistra Corp, Microsoft, Tech, Nvidia, Constellation Locations: Pennsylvania, Susquehanna, Ohio, New Jersey, Talen

☆ Kim Kardashian wore a nearly $200,000 necklace previously seen on Princess Diana. It isn't the only vintage piece she owns.
▼ + stars: | 2024-11-04 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +4 min

Kardashian bought the necklace at an auction for nearly $200,000 in 2023. Kardashian has a penchant for vintage fashionThe necklace isn't the first famous archival piece Kardashian has bought at an auction. AdvertisementIn addition to her auction purchases, Kardashian is also known to borrow vintage pieces for red carpets. Kim Kardashian attends the Academy Museum Gala in October 2024. Fashion enthusiasts were concerned she damaged the vintage piece, but Kardashian and Ripley's Believe It or Not, which owns the gown, denied those claims.

Persons: Kim Kardashian, Princess Diana, Kardashian, —, Gucci, Bauer, Griffin, Princess Diana's, Garrard, Naim Attallah, Sotheby's, Diana, Tim Graham, Attallah, Catherine Walker, Alberto E, Rodriguez, Michael, Jackie Kennedy, Martin Nolan, Nolan, it's, Emma McIntyre, Marilyn Monroe's Organizations: Service, Angeles County Museum of Art, Axelle, Getty, Julien's, Academy Museum, Academy Museum of Motion Locations: Palestinian, British, West

☆ What can the West do about North Korea giving troops to Russia? Not much it hasn't already flinched from.
▼ + stars: | 2024-10-31 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

North Korea fighting alongside Russia would be a serious escalation to the Ukraine war. Experts criticized a lack of decisive Western strategy in countering the threat. AdvertisementWestern allies have options to react to the threat of North Korean troops in Russia, but are hamstrung by fears of escalation, military experts told Business Insider. The fact that now a serious escalation looks possible thanks to North Korea is an indication of the failure of that policy, Hunter told BI. Western states are likely to have been quietly hoping that China might step in diplomatically and dissuade North Korea, Hunter said.

Persons: —, Mark Rutte, Volodymyr Zelenskyy, Patrick Bury, Kim Jong Un, Edward Hunter Christie, Hunter, Richard Fontaine, It's, Jens Stoltenberg, Gabrielius Landsbergis, Emmanuel Macron, Landsbergis, Germany's Chancellor, Olaf Scholz, Ann Marie Dailey, Joe Biden's, Western Europe —, Biden, Dailey, we're Organizations: NATO, Service, Pentagon, UN, Politico, UK's University of Bath, Finnish Institute of International Affairs, Center, New, New American Security, Bloomberg, Biden, RAND Locations: Korea, Russia, Ukraine, Kursk, Europe, New American, Norway, Western, Congress, Poland, Russian, South Korea, Western Europe, North Korea, China

☆ The art market is in a correction as big spenders fade
▼ + stars: | 2024-10-24 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

The number of wealthy collectors surveyed who plan to purchase art in the next year fell to 43% from over half in 2023. The median spending on art by wealthy collectors remains stable at around $50,000 a year, according to the survey. Higher interest rates also raised the opportunity cost of buying art, since wealthy collectors could earn an easy 5% or more from cash and Treasuries. Just as in the classic-car market, the art market is going through a generational shift that's created a mismatch between supply and demand. According to the survey, the high end of the art market, or works priced at $10 million or more, was the strongest before 2022.

Persons: Andy Warhol, Jean, Michel Basquiat, Wiktor, Robert Frank, Phillips, Bonhams, Paul Donovan, Xers, they're, Donovan, Gen Xers, Gen Organizations: Art Basel, UBS Survey, UBS Global Wealth Management, Art Basel Miami Beach, Dealers, UBS Locations: London, United Kingdom, Christie's, Sotheby's, New York, East, Ukraine, Europe, China

☆ Tamara de Lempicka: Curators are unraveling the mysteries of the belated art icon
▼ + stars: | 2024-10-23 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +10 min

2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/1969 Christie’s Images LimitedThe artist painted her first husband, the lawyer Tadeusz de Lempicki, in 1928. Georges Meguerditchian/Centre Pompidou/Orange Logic/RMP/2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY Digital Image/CNAC/MNAM, Dist. Courtesy of Artis—Naples, The Baker Museum/2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/RoseBudz Productions. 2024 Tamara de Lempicka Estate, LLC/ADAGP, Paris/ARS, NY/Courtesy of the Peterson Family CollectionLempicka exhibited around Paris regularly in the 1920s, but she struggled to sustain her artistic career. In the 1940s, Lempicka’s work was the subject of a book for the first time, coinciding with an exhibition in Rome.

Persons: Tamara de Lempicka, Lempicka, she’s, Barbra Streisand, Madonna —, Marjorie Ferry, de Young, “, ”, Furio Rinaldi —, Gioia Mori —, Ira Perrot, Tadeusz de Lempicki, Georges Meguerditchian, Rinaldi, She’s, —, wasn’t, bitingly, Belle, Lempicka —, Streisand, ” Streisand, Kizette, Tamara Rosa Hurwitz, Peterson, Irena Hochman, NY Lempicka, Bernini’s, Saint Teresa, Museo Soumaya.Fundación Carlos Slim, Baron Kuffner, Julien Levy —, San, there’s Organizations: CNN, de, Fine Arts, Centre Pompidou, Palais, Art, NY Banque d'Images, San, Baker Museum, RoseBudz, ., NY, Old, Museo, The Society of Modern Women Artists, Pittsburgh’s Carnegie Institute Locations: Polish, San Francisco, Europe, Paris, NY, Centre, Orange, Dist, RMN, St . Petersburg, Russian, French, ”, Artis — Naples, New York, Moscow, Warsaw, Mexico City, Milwaukee, Young, Rome

☆ When Europe’s railroad dining cars were the height of luxury
▼ + stars: | 2024-10-11 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

The most luxurious experience of them all, however, could be found in the dining car. The latter was the first train car to offer on-board meals, including regional specialties like gumbo, which were prepared in a 3-foot-by-6 foot kitchen. By the 1870s, dining cars could be found on sleeper trains across North America. But this decentralized production model also contained the seed of dining car’s ultimate demise. And despite a revival of interest in train travel on the continent, dining cars (or certainly those equipped with kitchens) are now largely the preserve of tourist services.

Persons: —, impeccably, Henri Opper de Blowitz, Francois Guillot, Graham Greene, Agatha Christie, Charles Dickens, George Pullman, ”, Pullman, Georges Nagelmackers, Arthur Mettetal, “, René Prou, glassmaker, ” —, Mettetal, ” Mettetal Organizations: CNN, Orient Express, Gare de, Getty, New, Compagnie Internationale des, Orient, Nord, Express, “, Pullman, Deco, Italy —, Bettmann, SNCF, Documentation Department Locations: Gare, Gare de l’Est, Paris, Europe, Constantinople, Istanbul, AFP, Britain, America, New York, North America, Belgian, Saint Petersburg, Lisbon, France, North Africa, East, London, Vichy, Switzerland, Italy, Toulouse

“To date, GSA has entered into an MOU with the Harris transition team outlining the terms for space and services, and is prepared to provide services to the Trump transition team once an MOU is executed and services are accepted,” a GSA spokesperson said. The Harris team has also submitted its ethics plan; the Trump team has not. The federal transition coordinator, a White House spokesperson told CNN, is “actively working” with the former president’s transition team to complete its MOU. Inside Biden administration preparationsThe Biden administration began preparing for this transition in 2023, starting with the appointment of a federal transition coordinator, a senior career official who serves as the main liaison between the candidates and eventual president-elect. “We were waiting for the phone calls [from the Trump team], waiting for people to show up, and they never did.

Persons: Donald Trump’s, Max Stier, “, ”, Trump, Chris Lu, Barack Obama’s, Harris, Biden, Linda McMahon, Cantor Fitzgerald, Howard Lutnick, Joe Biden, Yohannes Abraham, ” Stier, Stier, Chris Christie, Christie, Mike Pence, Obama, Jason Miller, Aimee Whiteman, Valerie Boyd, Bush, John McCain, Lu, George W, Al Gore’s, Harris ’, Boyd, Trump’s, –, you’re Organizations: CNN, Public Service, White, Office of Management, Budget, General Services Administration, Republican, Democratic, ’, Trump, Small Business Administration, Association of Southeast Asian Nations, GSA, ”, House, New, New Jersey Gov, Biden, Activity, OMB, Center, Partnership for Public Service, Senate Locations: Indonesia, New Jersey, Florida

☆ The great political battle over Hurricane Milton didn’t wait for the storm to land
▼ + stars: | 2024-10-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —Long before the outer bands of Hurricane Milton lashed the Florida coast, a political battle over the massive storm was already raging. This time, partly because Trump pushed so hard to exploit last week’s Hurricane Helene for his political gain, the sparring has started early. A storm of this size could give Trump a political openingTrump has repeatedly shown there’s no situation he will not try to leverage for political gain. “I’ve had storms under both President Trump and President Biden, and I’ve worked well with both of them. Unlike Harris, Biden had kinder words for DeSantis, saying on Tuesday that the governor had been “cooperative.”“I said no, ‘You’re doing a great job, it’s all being done well, we thank you for it,’” Biden said.

Persons: CNN — Long, Hurricane Milton, Donald Trump, Trump, Helene, Kamala Harris, Harris ’, “ It’s, it’s, ”, ABC’s, Evelyn Hockstein, Deanne Criswell, Joe Biden, Harris, Hurricane Helene, he’s, –, Biden, Brian Kemp, Sen, JD Vance, Trump’s, Jonathan Drake, He’s, Laura Ingraham, Olivia Troye, Kevin Carroll, “, ” Harris, George W, Barack Obama’s, Sandy, Republican Mitt Romney, Chris Christie’s, Obama, Christie, Ron DeSantis, DeSantis, Milton, Kevin Guthrie, Doug Engle, ” DeSantis, “ I’ve, I’ve, You’re, ’ ” Biden, ” Biden Organizations: CNN, Democratic, Trump, New York, Joint Base Andrews, Reuters Government, FEMA, Central, House, Biden, Hurricane, Georgia GOP Gov, Emergency Management Agency, Republican, Fox, —, Storm, New, New Jersey Gov, Florida Gov, White, Florida Division, Emergency, Florida Horse, Ocala, USA, Florida Republican Locations: Hurricane, Florida, New, Joint Base Andrews , Maryland, Germany, Angola, Georgia, Tennessee, Fayetteville , North Carolina, North Carolina, New Orleans, Coast, New Jersey, ., Ocala , Florida

☆ Spirit tumbles to record low on report it's exploring a bankruptcy filing. Here's how it got here
▼ + stars: | 2024-10-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Spirit Airlines shares tumbled to a record low on Friday after a report that it's exploring Chapter 11 bankruptcy protection. A bankruptcy filing would mark a dramatic turn for the carrier with its iconic yellow planes that caters to budget-conscious travelers. After the JetBlue deal fell apart, Spirit said in January that it was looking at options to refinance its debt. A Spirit spokesman declined to comment on a the Wall Street Journal report that the carrier is considering a bankruptcy filing. Shares of Frontier Airlines, which originally planned to merge with fellow budget airline Spirit before JetBlue swooped in in 2022, surged 16% on Friday.

Persons: Spirit, Brandon Oglenski, we've, Ted Christie, we're, Perella Weinberg Organizations: Spirit Airlines, JetBlue Airways, Pratt & Whitney, JetBlue, Barclays, Journal, Perella Weinberg Partners, Frontier Airlines, Spirit, JetBlue swooped

☆ Problems keep piling up for budget airlines like Spirit Airlines — so get set to pay more
▼ + stars: | 2024-10-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

Spirit Airlines is considering filing for bankruptcy protection, The Wall Street Journal reported. Its struggles are indicative of the wider issues faced by budget airlines as labor and fuel costs rise. AdvertisementIn another sign of the problems faced by budget airlines, The Wall Street Journal reported that Spirit Airlines is considering filing for bankruptcy protection. The introduction of premium-seating options and axing routes is spelling the end of budget airlines as we've known them. Its pre-tax income fell 63% in the second quarter of 2024 compared with the same period last year.

Persons: —, Ted Christie's, Neil Glynn, Glynn, Mario Tama, Elliott Organizations: Airlines, Street Journal, Service, Spirit Airlines, JetBlue, Control, Southwest Airlines, Getty, Frontier Airlines, Elliott Management

☆ Spirit Airlines stock plunges after report it is considering filing for Chapter 11 bankruptcy
▼ + stars: | 2024-10-04 | by ( Lian Kit Wee | Will Martin | ) www.businessinsider.com time to read: +3 min

Spirit Airlines may file for Chapter 11 amid major debts after a failed merger with JetBlue. A report of the potential bankruptcy filing sent Spirit's stock tumbling in premarket trade Friday. AdvertisementSpirit Airlines stock plunged in premarket trading on Friday after a report that it may file for Chapter 11 bankruptcy protection. While Spirit faces a turbulent future with a potential Chapter 11 filing, it isn't necessarily a death sentence for the airline. AdvertisementWhen contacted by Business Insider, Spirit Airlines referred to Christie's comments in August's earnings call but didn't comment further.

Persons: —, Ted Christie Organizations: JetBlue, Service, Spirit Airlines, JetBlue Airways, Street Journal, Scandinavian Airlines, Delta Airlines, Business Locations: Atlanta

The videos are part of a seven-figure paid media strategy aimed at critical swing voters and a larger effort by the Harris campaign to court Republicans and former Trump supporters. The campaign has also hired strategists to focus specifically on conservative voters, held events to engage Republican voters in battleground states, launched Republicans for Harris to help organize grassroots programs, and rolled out endorsements from prominent Republicans. McCaffery, who lives in Pennsylvania, embodies the type of voter the Harris campaign hopes will back her as polls show the race remains close. This week, the Harris campaign will also be holding Republican voter outreach events in the battleground states across the country. That comes after the campaign launched Republicans for Harris in August and after dozens of notable Republicans, including Cheney and her father, former Vice President Dick Cheney, endorsed Harris.

Persons: Kamala Harris ’, Donald Trump, Liz Cheney, Matt McCaffery, Harris, McCaffery, “ Matt McCaffery, ”, “, Tim Walz, Kamala Harris, ” McCaffery, Trump, “ It’s, I’m, Kamala, Maria Comella, Comella, Chris Christie, Andrew Cuomo, Austin Weatherford, Adam Kinzinger, Cheney, Dick Cheney, Olivia Troye, Stephanie Grisham Organizations: Democratic, Republican, NBC News, Trump, Minnesota Gov, Labor, Republican New, Republican New Jersey Gov, Democratic New York Gov, Austin, Illinois Republican, Democratic National Convention, Trump White House, White Locations: RIPON, Wis, Wisconsin, Wyoming, Pennsylvania, American, Republican New Jersey, Illinois, Chicago

☆ We expect a rebound for the art market in the second half of 2024, says Christie's CEO
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect a rebound for the art market in the second half of 2024, says Christie's CEOGuillaume Cerutti, Christie’s CEO, joins 'Closing Bell Overtime' to talk softening in the art and collectors market, its new Hong Kong location, and more.

Persons: Guillaume Cerutti Locations: Hong Kong

Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.

Persons: Donald Trump, Trump, —, Hillary Clinton, Chris Christie, They've, ”, Max Stier, it’s, ” Stier, Kamala Harris, Harris, “, ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, ’, President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama

☆ Not a 'caretaker': Meet Bob Menendez's extremely temporary replacement
▼ + stars: | 2024-09-23 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +10 min

I'm a senator," Helmy told me. "Whether you're here for a day, or three months, four months, or 40 years, you're a United States Senator." "I see myself as sort of continuing my prior roles as a staffer," Helmy told me. Sitting in Menendez's former office, Helmy also lamented the way the long-serving New Jersey senator's career came to an end. "Bob's office was the office you always competed with," Helmy noted, referencing his own time with Booker and former Sen. Frank Lautenberg.

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