An American Airlines jet was found Monday with possible bullet holes on its exterior after completing a flight from Medellin, Colombia, to Miami. The damage was discovered during a routine post‑flight inspection of the Boeing 737 MAX 8 at Miami International Airport.According to Airlive.net, the puncture marks resembled bullet holes and were found on the plane’s right wing assembly. American Airlines confirmed to FOX Business that the plane was impacted and is currently undergoing inspection. AMERICA’S AIRP ...

Consumer confidence ticked higher in February as American households' expectations for the labor market improved. The Conference Board's consumer confidence index rose 2.2 points to 91.2 in February from an upwardly revised 89 in January. The January data was initially reported as 84.5, the lowest level since May 2014.Economists polled by LSEG estimated the February reading for the index would come in at 87. FED'S FAVORED INFLATION GAUGE SHOWED CONSUMER PRICE GROWTH REMAINED ELEVATED IN DECEMBER"Confidence ...

Spirit Airlines announced Tuesday that it reached a deal with lenders that will allow it to exit bankruptcy by the late spring or early summer. The low-cost carrier filed for its second bankruptcy in August 2025 amid mounting losses and dwindling cash reserves. Spirit first filed for Chapter 11 bankruptcy protection in November 2024 after unsuccessful merger talks with JetBlue and Frontier.The airline will still face challenges under the deal, though it has a clearer path to survival after months of uncerta ...

Lamborghini will cancel its plan to release an electric vehicle in 2028 due to what the company is calling a lack of consumer demand. Lamborghini CEO Stephan Winkelmann spoke with The Sunday Times in an interview and said the EV will no longer join its lineup after the company's analysis found little demand for the EV, which was named the Lanzador in 2023. The company is owned by Volkswagen through its subsidiary, Audi.Winkelmann told The Sunday Times the "acceptance curve" for EVs in Lamborghini's target m ...

Novo Nordisk on Tuesday announced plans to cut the list price of its popular diabetes and weight-loss drugs Ozempic and Wegovy by as much as 50% in the U.S. next year. The Danish drugmaker indicated the price cuts will be effective on Jan. 1, 2027, and the timing will coincide with new, lower prices for Ozempic and Wegovy under Medicare plans for older Americans.The company's announcement indicated the list price for various doses of its Ozempic and Wegovy medicines will be lowered to $675, which represents ...

Core Viewpoint - Public Storage is relocating its headquarters from California to Texas as part of a leadership transition and long-term growth strategy, marking a significant shift for the company historically associated with California's business community [1][2]. Group 1: Headquarters Relocation - The new headquarters will be situated in the Dallas-Fort Worth metro area while maintaining a long-term presence in Glendale, California [2]. - The move highlights Texas's success in attracting major corporate relocations due to factors like no state income tax, lower operating costs, and a deep talent pool [7]. Group 2: Leadership Changes - Tom Boyle will succeed Joe Russell as CEO on April 1, with Russell retiring after a decade in the role [3]. - Shankh Mitra, CEO of Welltower, will be appointed as non-executive chairman [3]. Group 3: Strategic Overhaul - The leadership changes are part of the "PS4.0" initiative aimed at accelerating earnings growth, expanding margins, and enhancing long-term shareholder returns [6]. - The company is focusing on digital tools, data science, and artificial intelligence to improve pricing, marketing, and portfolio management [10]. Group 4: Investment and Growth Strategy - Public Storage has invested over $12 billion in deals and new projects over the past five years, with plans to accelerate this pace [12]. - The company is signaling a more aggressive approach to acquisitions and development in the self-storage industry [12]. Group 5: Executive Compensation - The company is revamping executive compensation to align more closely with shareholder returns, emphasizing stock performance and capital discipline [14].

A company that makes self-defense products has spent the last few years moving much of its manufacturing to the U.S. and is finding the benefits extend beyond having the ability to put a "Made in America" label on their products. Byrna Technologies, which makes non-lethal personal security devices that can launch plastic or chemical irritant rounds, moved its main manufacturing facility from South Africa to Indiana in 2021 and began finding qualified U.S. component suppliers to prevent supply chain disrupti ...

Core Viewpoint - FedEx has filed a lawsuit against the U.S. government seeking a full refund of tariffs imposed under President Trump's order, following a Supreme Court ruling that deemed such tariffs unlawful under the International Emergency Economic Powers Act (IEEPA) [1][3][12]. Group 1: Lawsuit Details - The lawsuit was filed in the Court of International Trade against the U.S. government and U.S. Customs and Border Protection (CBP), claiming that FedEx incurred costs to expedite shipments and is entitled to a refund of duties with interest [2]. - FedEx is seeking a full refund of all IEEPA duties paid to the United States, along with compensation for financial harm suffered [2][5]. - The lawsuit does not specify the total amount of tariffs paid by FedEx, but the company previously indicated an expected $1 billion impact on fiscal-year earnings due to U.S. trade policies, partially related to IEEPA duties [5][11]. Group 2: Supreme Court Ruling and Implications - The Supreme Court ruled that the IEEPA does not authorize the imposition of tariffs by the president, confirming that the Court of International Trade has exclusive jurisdiction over such tariffs [12]. - Following the ruling, CBP announced that the collection of IEEPA duties would cease, although no refund process has been established yet [14]. - FedEx has stated that it is taking necessary actions to protect its rights as an importer of record to seek duty refunds [5][8]. Group 3: Context of Tariffs - The tariffs in question were imposed by Trump in February 2025, targeting imports from China, Canada, and Mexico, citing national security concerns and unfair trade practices, and were later expanded to include reciprocal tariffs on 57 countries [11]. - U.S. businesses and consumers have paid over $175 billion in duties as a result of these tariffs [11].

Core Viewpoint - Volvo Cars is recalling over 40,000 EX30 SUVs due to a risk of battery overheating and potential fire hazards, which is critical for its competitive strategy against cheaper Chinese brands [1][2]. Group 1: Recall Details - The recall affects 40,323 model year 2024-2026 EX30 Single-Motor Extended Range and Twin-Motor Performance vehicles equipped with high-voltage battery cells [2]. - Volvo is replacing the affected battery modules free of charge and advises owners to limit charging to 70% until repairs are completed [5][8]. - The company has identified 189 affected vehicles in the U.S. that will be inspected and repaired if necessary [6]. Group 2: Financial Implications - The estimated cost for replacing the battery packs could reach $195 million, based on analysis from a Chinese battery maker, excluding logistics and repair costs [9]. - Volvo is in discussions with its battery supplier, Shandong Geely Sunwoda Power Battery Co., which has reportedly resolved the issue [10]. Group 3: Brand Reputation - Volvo's safety reputation is crucial, and the company cannot afford safety issues as they directly impact its brand identity [13][14]. - The automaker is proactively contacting owners of affected vehicles to guide them through the recall process [14].

As fears grow that a potential U.S. strike on Iran could choke off global oil supplies and send prices soaring, former Energy Secretary Dan Brouillette says strong American production is keeping a lid on a $100-a-barrel price shock for now. "What we are not seeing is a lack of supply in the marketplace. That is traditionally what would drive prices higher. That is not the case today," Brouillette said Monday.Instead, he said the recent jump reflects traders factoring in the possibility that escalating tensi ...