The budget airline model in the U.S. is running out of runway
Economy

The budget airline model in the U.S. is running out of runway

Passengers board an Avelo flight at Tweed-New Haven Airport. Connecticut Public Broadcasting | Getty Images News | Getty Images With Spirit Airlines gone from the skies, travelers now have fewer lower-cost options waiting in the wings during the busy summer season. Americans may need to get used to it, as the changes taking place in […]

AI buildout gives tech investors new reasons to watch bond market
Economy

AI buildout gives tech investors new reasons to watch bond market

Artificial intelligence is giving tech investors an entirely new reason to pay attention to the Federal Reserve. For years, megacap tech companies with hefty balance sheets have been able to shrug off rising rates, which tend to weigh more heavily on smaller, less-profitable peers. But companies that were once cash cows are depleting reserves and […]

What’s next for Meta’s metaverse
Economy

What’s next for Meta’s metaverse

In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the metaverse. “There was genuinely a need and a desire at the time for Facebook, the company, to rebrand into something else,” said […]

AI’s growth is just getting started, BlackRock’s thematic ETF head says
Economy

AI’s growth is just getting started, BlackRock’s thematic ETF head says

BlackRock expects infrastructure and cybersecurity plays to shine in 2025. Jay Jacobs, the firm’s U.S. head of thematic and active ETFs, cites the artificial intelligence boom as a major catalyst. “It’s still very early in the AI adoption cycle,” he told CNBC’s “ETF Edge” this week. According to Jacobs, AI companies need to build out […]

Prosecutors close to decision on charging Hunter Biden, report says
Economy

Prosecutors close to decision on charging Hunter Biden, report says

Hunter Biden, U.S. President Joe Biden’s son, attends the annual Easter Egg Roll on the South Lawn of the White House on April 10, 2023 in Washington, DC.Drew Angerer | Getty ImagesFederal prosecutors are getting close to deciding whether to criminally charge Hunter Biden, the son of President Joe Biden, after a yearslong investigation, a… […]