Business

FEMA tells court it is offering jobs back to employees who were let go in January

An attorney representing the Trump administration informed a U.S. District Court Friday evening that the Federal Emergency Management Agency has begun offering new appointments to disaster workers whose contracts the agency did not renew in January, reversing a controversial decision that ...

Spirit Airlines shuts down as company says it can’t keep up with higher oil prices

WEST PALM BEACH, Fla. — Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced Saturday that it has gone out of business after 34 years. The ultralow cost airline that once operated hundreds of daily flights on its bright yellow ...

Senate bans its own members and staff from betting in prediction markets

WASHINGTON — The Senate has approved a bipartisan resolution to prevent its own members from using prediction markets, banning senators who are often privy to sensitive information from making bets on upcoming events. The measure that passed unanimously by voice vote Thursday was written as ...

Oil prices keep spurting higher, but US stocks hold near their records

NEW YORK — More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don't want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain ...

Powell plans to remain on Fed board, cites legal actions by Trump administration

WASHINGTON — Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for an undetermined period of time," saying the "unprecedented" legal attacks by the Trump administration have put the independence of the nation's central ...

Kellogg is putting toys back into some cereal boxes as a ‘Toy Story 5’ tie-in

If you've missed rooting around in a cereal box for a toy, you're in luck. WK Kellogg Co. said Thursday it's including toys with some of its breakfast cereals for the first time in more than a decade. Starting on Sunday, special edition boxes of Frosted Flakes, Froot Loops, AppleJacks and ...