Latest Recessions and depressions News
Infowars auction could determine whether Alex Jones is kicked off its platforms
Conspiracy theory purveyor Infowars and most of its assets went on the auction block Wednesday, with Alex Jones waiting to see if he will be allowed to stay or if he will get kicked off its online platforms. The private auction was being held as part of Jones' personal bankruptcy,...
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
NEW YORK (AP) — Shares of Spirit Airlines plunged Wednesday after the budget airline said that it won't announce quarterly financial results on time while it continues talks with bond holders to restructure its debt. Spirit said negotiations are progressing toward an agreement that...
Argentina's monthly inflation drops to 2.7%, the lowest level in 3 years
BUENOS AIRES, Argentina (AP) — Argentina's inflation slowed to 2.7% in October, the lowest level in three years in a win for the libertarian government of President Javier Milei who came to power almost a year ago promising to pull Argentina out of a dire economic crisis. ...
The Boy Scouts inspired Norman Rockwell. His works will now help pay survivors of abuse
DALLAS (AP) — In one Norman Rockwell painting, a family proudly welcomes a beaming Boy Scout home from camp, his duffel bag in hand. In another of Rockwell’s achingly idyllic works, a Cub Scout stands on a chair to measure the chest of his older brother, a Boy Scout who has taped his fitness...
Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction
Conspiracy theorist Alex Jones' Infowars broadcasts could end next week as he faces a court-ordered auction of his company's assets to help pay the more than $1 billion defamation judgment he owes families of victims of the Sandy Hook Elementary School shooting. Or maybe not. ...
US agency ends investigation into Ford engine failures after recall and warranty extension
DETROIT (AP) — The U.S. government's auto safety regulator has ended a 2 1/2-year investigation into Ford engine failures after the company replaced engines or extended the warranty on some vehicles. The National Highway Traffic Safety Administration says in documents posted...
TGI Fridays files for bankruptcy protection as sit-down restaurant struggles continue
Restaurant chain TGI Fridays filed for bankruptcy protection Saturday, saying it is looking for ways to “ensure the long-term viability” of the casual dining brand after closing many of its branches this year. The Dallas-based company's Chapter 11 filing in a Texas federal court...
Mexican fuel flows to Cuba as the island faces blackouts and the loss of Russian and Venezuelan oil
MEXICO CITY (AP) — As Cuba grapples with blackouts and a deepening economic crisis, Mexico has sent nearly half a million barrels of crude oil and diesel in just a span of days, oil shipment data provided to The Associated Press showed Thursday. It comes at a time when shipments of...
Court approves Tupperware's sale to lenders, paving way for brand's exit from bankruptcy
NEW YORK (AP) — A U.S. bankruptcy judge approved a sale of Tupperware Brands on Tuesday, paving the way for the iconic food storage company to soon exit Chapter 11 protection and continue offering its products while undergoing a hoped-for revitalization. The sale given the...
US economy grew at a solid 2.8% pace last quarter on strength of consumer spending
WASHINGTON (AP) — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates. Wednesday’s report from the Commerce Department said the gross domestic product — the...
