In a shocking turn of events, Spirit Aviation Holdings Inc. has filed for Chapter 11 bankruptcy for the second time in less than a year. With assets and liabilities ranging from $1 billion to $10 billion, the airline struggles to recover amidst ongoing negotiations with major stakeholders.
After more than 130 years, Eastman Kodak warns of potential bankruptcy due to significant debt and a struggling business model. Explore the company's history and its uncertain future in the photography industry.
Spirit Airlines, struggling to return to profitability since its 2019 bankruptcy, is facing tough choices ahead. With staffing cuts and reduced flight capacity, analysts suggest a possible merger with Frontier could be on the horizon.
Meet Sandy McConnell, an 80-year-old accounts receivable specialist, who exemplifies the growing trend of seniors working well into their 80s. With financial challenges and a desire for purpose, many older Americans are redefining retirement.
In a decisive move, Bumble has announced it will cut nearly a third of its workforce to tackle financial struggles and refocus on growth. CEO Whitney Wolfe Herd emphasizes the need for a resilient company as the dating sector faces challenges.
Discover the reality of Gen Z HENRYs—high earners living paycheck to paycheck. With soaring inflation and unrealistic financial expectations, learn how this unique demographic navigates their six-figure incomes and housing challenges.
In a shocking turn of events, Elon Musk's ambitious promise to cut $1 trillion in federal spending fell dramatically short, leaving Donald Trump questioning his credibility. Amidst drug controversies and plummeting Tesla sales, Musk's tenure has unraveled spectacularly.
A new study reveals that more Americans are using buy now, pay later loans for groceries, leading to an increase in late payments. Find out what this means for the economy and consumers.
Jack in the Box announces plans to close 150 to 200 locations and explore a sale of Del Taco as it navigates financial challenges and seeks to improve cash flow and reduce debt. CEO Lance Tucker reveals tough competition and declining sales.
In light of 23andMe's financial struggles, California Attorney General Rob Bonta reminds residents of their rights to delete genetic data. Learn how to safeguard your sensitive information today!
