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Porsche exits sports car maker Bugatti Rimac

Porsche exits sports car maker Bugatti Rimac

German carmaker Porsche announced on Friday the sale of its stakes in sports car manufacturer Bugatti Rimac to a consortium led by a US fund founded by the Egyptian billionaire Sawiris family. The amount of the transaction, which still has to be approved by regulators, has not been disclosed. The

Possible Trump rescue of Spirit Airlines spurs debate

Possible Trump rescue of Spirit Airlines spurs debate

Bargain US carrier Spirit Airlines, which filed for bankruptcy in 2025 for the second time in a year, could be spared by a controversial potential White House rescue package. Trump confirmed on Thursday that he was hoping Spirit could be saved, sparing thousands of jobs. "I think we'

'Raw and honest': India climbers face obstacles in race to the top

'Raw and honest': India climbers face obstacles in race to the top

Blink and you might miss Indian speed climber Deepu Mallesh scaling a wall five buses high in five seconds. India, a country obsessed with cricket, has seen a surge in popularity in climbing but those who want to compete internationally have had to crowdfund and there is little government recognition

Meta plans 10% layoffs as AI spending soars: source

Meta plans 10% layoffs as AI spending soars: source

Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence. Meta will lay off about 8,000 employees and leave thousands of other positions unfilled next month, a source told AFP. The move comes as co-

Advocates warn of looming debt crisis

(The Center Square) - Advocates warned on Thursday the U.S. economy is not growing fast enough to keep pace with the national debt. Ryan Clancy, chief strategist at No Labels, said the debt to GDP ratio is the most important factor in determining overall concerns about the national debt. He

Mortgage Rates Idle While Spring Homebuying Season Stalls

Mortgage Rates Idle While Spring Homebuying Season Stalls

Mortgage interest rates edged modestly lower this week as the Iran ceasefire was extended. Day-to-day we've seen rates rise and fall, but the moves have been small enough that rates are more or less stable. The average rate on a 30-year fixed-rate mortgage fell

Stocks mostly fall as US-Iran peace talks stall and oil prices rise

Stocks mostly fall as US-Iran peace talks stall and oil prices rise

Global stocks mostly fell Thursday, retreating after recent gains as investors tempered their enthusiasm for a quick end to the Middle East war. The benchmark international oil contract, Brent North Sea crude, rose further above $100 a barrel, rekindling fears of pervasive inflation that could dent economic growth around the