Blog #Business Trends

Spirit Airlines has filed for Chapter 11 bankruptcy, citing declining sales and the collapse of a planned merger with JetBlue.

Big tech stocks experienced a massive selloff, with nearly $500 billion wiped from market capitalization as a post-election rally lost momentum amid fears of hawkish monetary policies.

Chinese President Xi Jinping expressed readiness to work with Donald Trump to strengthen US-China relations. During a meeting with Joe Biden, Xi highlighted the importance of long-term peaceful coexistence between the two nations.

The Onion's parent company has purchased Alex Jones' Infowars, which was auctioned to help pay the $1.5 billion Jones owes to Sandy Hook families for his false claims about the tragedy.

An E. Coli outbreak linked to McDonald’s Quarter Pounder burgers has sickened at least 104 people across the U.S., according to the CDC's latest report.

A Dutch appeals court has overturned a 2021 ruling that required Shell to reduce its carbon emissions by 45% by 2030. This decision marks a setback for climate activists aiming to hold companies legally accountable for emissions reductions.

Minority- and women-owned businesses face a significant threat as affirmative action in federal contracting comes under legal scrutiny, potentially impacting contracts valued at $70 billion annually.

Benoit Bosc and Michael Bressler, former executives at Millennium Management LLC and Pimco, have launched a digital-asset consultancy called x2B. Their consultancy will focus on advising clients on token launches and funding.

Saudi Arabia is making substantial moves to diversify its economy and reduce emissions by investing in green hydrogen as part of its Vision 2030 initiative. The Public Investment Fund has committed $10 billion to the Energy Solutions Company, a green hydrogen venture also backed by Saudi Aramco, aiming to capitalize on the country’s renewable energy resources.

Federal Reserve Chairman Jerome Powell stated he would not resign if Donald Trump asked him to step down before his term ends in 2026. Legally, it remains unclear if a president has the authority to fire a Fed chair, as no president has attempted it, and there is no specific statute addressing the matter.

L’Oréal is localizing its supply chain within China to strengthen resilience against global disruptions, as announced at the China International Import Expo (CIIE).

This summit gathers 1,000 prominent global business leaders to discuss innovation and strategic opportunities in the global market. The event, hosted by YPO (Young Presidents’ Organization), highlights Dubai’s expanding role as a global business hub with DAMAC Properties as a major sponsor.