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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 19, 2024
Page
3
Spirit Airlines, the largest U.S. budget carrier, said it has filed for Chapter 11 to reboot after pandemic loss, stiff competition, and a failed JetBlue sale. It seeks to convert $795 million of debt, gain a $350 million equity investment, and extend a $300 million loan as it continues operations.
Morning Joe hosts Scarborough and Brzezinski traveled to Mar-a-Lago to meet President-Elect Trump and restart communications amid post election tensions. Trump called the meeting cordial and timely, while critics questioned the move as journalists seek open dialogue despite strong prior criticism.
U S stocks rose Monday with the S&P 500 up 0.4 percent and the Nasdaq 0.6 percent while the Dow slipped 0.1 percent. CVS Health jumped 5.4 percent after adding four new directors led by CEO Larry Robbins as discussions with Glenview Capital Management continued. Spirit Airlines halted trading as it reached a Chapter 11 restructuring deal, likely wiping out current stock investor holdings. The day saw Moderna bounce 7.2 percent amid political pharma doubt and inflation worries weighing Treasury yields. Investors weigh Trump administration policies and potential Fed rate actions as growth and inflation tensions persist.
Transition aides push for a federal framework for autonomous vehicles as a priority at the Transportation Department. The move could benefit Elon Musk and Tesla, whose stock jumped after the election, while Uber and Lyft faced declines. Current rules restrict mass deployment, and a broader act by Congress may be needed for fully driverless cars.
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