Author: Anthony M. Orbison

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US economy added 254,000 jobs in September, far outstripping expectations, in a sign of the labour market’s resilience as the Federal Reserve considers how rapidly to cut interest rates.The figure from the Bureau of Labor Statistics was above expectations of economists polled by Reuters of 140,000 and compared with an upwardly revised gain of 159,000 jobs in August. The unemployment rate fell to 4.1 per cent, having come close to a three-year high in July at 4.3 per cent.The report suggests…

Despite repeated reassurances that Spirit Airlines  (SAVE)  would be able to recover from rising debt and a blocked acquisition by JetBlue Airways  (JBLU) , the airline is now talking to bondholders about a restructuring plan in which a Chapter 11 filing is a possibility. The news, initially broken by The Wall Street Journal late on Oct. 3, sent shares of the low-cost carrier tumbling more than 40% in after-hours trading to $1.36. At last check Friday the stock was trading at $1.53, off 32% from the Thursday regular-session close at $2.24. The Thursday close reflected an 86% drop this year.Related: Major…

Este artículo también está disponible en español. Crypto analyst Ali Martinez has suggested that the Bitcoin crash might not be over despite the relief rally to $61,000. The analyst highlighted the $60,365 price level as being important to avoid a potential crash to as low as $57,000. Bitcoin Needs To Hold Above This Price Level To Avoid Crash Martinez stated in an X post that $60,365 is a key price level to watch for Bitcoin. He claimed a break below this could cause the flagship crypto to fall to $57,420. However, if it holds above this level, the analyst remarked…

Good morning, Broadsheet readers! Melania Trump says she supports abortion rights, Sen. Elizabeth Warren eyes Citigroup, and Fortune’s Michal Lev-Ram examines Mary Barra’s second major transformation at GM. Have a restful weekend. – EV-olution. The word “transformation” gets thrown around a lot. But few leaders have successfully led companies through one—let alone stayed at the top long enough to try and steer their organization through a second. Mary Barra, the chief executive officer of General Motors, is in that rare club. Earlier this year, she hit the 10-year mark as CEO, unique for any public company leader but especially a…

By Pratyush Thakur (Reuters) -Spirit Airlines shares slumped 40% before the bell on Friday after the Wall Street Journal reported that the ultra-low-cost carrier was in talks with its bondholders about a potential bankruptcy filing. The stock has lost more than 85% of its value this year as the carrier struggled with the fallout of a failed $3.8-billion-merger with JetBlue Airways (NASDAQ:). Spirit’s long-term debt and finance leases amounted to approximately $3.06 billion, excluding current maturities, as of Dec. 31. “We suspect Spirit should be able to renegotiate with creditors outside of bankruptcy,” Raymond James analyst Savanthi Syth said but…

Bitcoin is currently basking in bearish realms. The token has fallen dramatically over the past week and is currently trading at $61K. BTC rallied spectacularly and breached $66K earlier, but it is down significantly at press time due to volatile geopolitical changes.However, analytical portals are describing this change as lucrative. Let’s explore why the change in Bitcoin’s pace is being dubbed positive.Also Read: Dogecoin New Addresses Surge 72%: What it Means for DOGE in OctoberThis BTC Marker Indicates A Bullish Market Is Near.Source – Bitcoin.comAccording to Santiment, BTC’s fall is a positive sign for the market now that Bitcoin has…

US stock futures climbed on Friday as investors braced for a key monthly jobs report, with the Middle East crisis and a return to work at US ports also in high focus.S&P 500 futures (ES=F) put on 0.3%, while Dow Jones Industrial Average futures (YM=F) added roughly 0.2%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) moved 0.4% higher.Investors are marking time for the release of the September jobs report, expected to provide further evidence the labor market is cooling but not collapsing. A rapid weakening could prompt the Federal Reserve to once again lower interest rates by an outsized 0.5%…

In select cities around the United States, driverless cars run by robotaxi services like Google’s Waymo  (GOOGL)  and Cruise by General Motors  (GM)  are already roaming the streets and ferrying passengers to and from where they need to be.Though the technology is touted by investors like ARK Investment’s Cathy Wood and moguls like Tesla’s  (TSLA)  Elon Musk, it is not without its issues, which affect passengers and the public alike. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterFor instance, last month, residents in San Francisco’s South of Market (SoMa) neighborhood reported that they had been losing sleep because Waymo’s robotaxis had…

Japan’s new Digital Transformation Minister hints at crypto tax reforms to boost the nation’s blockchain sector and foster innovation in digital assets. This development highlights Japan’s evolving stance on cryptocurrencies, contributing to the growing trend of crypto adoption across Asia. Japan’s newly appointed Digital Transformation Minister has hinted at potential reforms to the country’s crypto tax policies, marking a significant shift in the government’s approach to digital assets. During a press conference following his appointment, the minister expressed his intention to push for crypto tax reform, aiming to provide more support to Japan’s burgeoning blockchain sector. This move signals that…

Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.Last month, the corporate behemoth that is Amazon celebrated its 20th birthday in Ireland. It should have been a joyous moment. After all Amazon, like other tech giants, has invested heavily in the country over the past two decades, partly due to its low tax regime, supporting heady growth.But in reality these birthday celebrations had a sour tinge. One reason is that European courts ruled last month that €13bn of tax breaks given to Apple were unlawful. On a recent visit, I…