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Stock Market Today: Indexes Vault to New Records After Nvidia-Intel Deal
Business Insider· 2025-09-18 13:36
Nvidia, once again, has stolen the show — specifically the chip titan's announcement of a massive investment in a struggling rival. The S&P 500 and the Nasdaq Composite touched fresh records on Thursday, with the indexes coming to life after a tepid response to a widely expected rate cut from the Federal Reserve on Wednesday. The catalyst? A $ 5 billion deal between Nvidia and Intel, which sparked a big rally led by chip stocks in early morning trading. Nvidia shares ticked rose 3%, while Intel soared a ...
Spirit Airlines tells pilots it wants to cut their pay and shave $100 million from their union deal
Business Insider· 2025-09-18 11:34
Spirit Airlines bosses want to cut pilots' union-negotiated pay as it seeks to recover from its second bankruptcy filing in under a year. The airline needs to save $100 million a year on its collective bargaining agreement with pilots, Chief Operating Officer John Bendoraitis told the pilots' union in a Tuesday letter shared with Business Insider.He said Spirit "must achieve significant cost savings" to "secure the company's future." "Given the challenges we face, time is of the essence," he added.The let ...
Tesla is redesigning its door handles after some parents reported children getting trapped inside
Business Insider· 2025-09-18 10:19
产品设计变更 - 特斯拉首席设计师表示公司正在研究将电子和手动门把手控制功能合并为一个按钮 以帮助乘客在恐慌情况下离开车辆 [1] - 该设计变更旨在解决电子门把手在低电量情况下无法操作的问题 [2] 监管调查与投诉 - 美国国家公路交通安全管理局已对特斯拉展开调查 主要针对Model Y SUV电子门把手在电量不足时无法从外部打开导致儿童被困的投诉 [2] - 中国监管机构据报正在考虑禁止隐藏式门把手设计 特斯拉表示正在研究相关立法提案并将制定应对方案 [3] 安全事件与公司回应 - 彭博社报道发现多起特斯拉复杂门把手设计在紧急情况下阻碍疏散的事件 [4] - 特斯拉董事会主席表示公司董事会严肃对待所有安全问题报告 并强调所有车辆都配备手动应急开启装置 [4]
Spirit Airlines is cutting flights by 25% as it restructures again
Business Insider· 2025-09-18 04:17
Spirit Airlines is set to reduce its flights by 25% as it struggles with a second bankruptcy filing. In a memo to staff on Wednesday, CEO Dave Davis said the airline would be "redesigning and strengthening" its flight network starting in November."As planning begins, you will see a reduction of about 25% in capacity, year over year, as we optimize our network to focus on our strongest markets," David said in the memo, seen by Business Insider. A representative of Spirit did not respond to a follow-up quer ...
As Cracker Barrel stumbles on Wall Street, its superfans offer a glimmer of hope
Business Insider· 2025-09-18 03:46
It has been a rough month for Cracker Barrel — but its most loyal fans appear to be sticking it out for now. Cracker Barrel reported its Q4 earnings on Wednesday, missing analyst expectations on earnings and beating on revenue. The mixed results saw shares tumble nearly 10% in after-hours trading, another knock to the chain, which has faced a barrage of criticism over its halted rebrand effort in recent weeks.But a closer read of its same-store sales and loyalty program sign-ups reveals a silver lining for ...
ABC pulls Jimmy Kimmel off the air 'indefinitely' over his Charlie Kirk comments after FCC chair's threats
Business Insider· 2025-09-17 23:07
ABC pulled Jimmy Kimmel off the air "indefinitely" over his Charlie Kirk comments. A spokesperson of ABC confirmed to Business Insider that the show will be pulled off the air "indefinitely."The decision follows comments Kimmel made on Monday's show. "We had some new lows over the weekend with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them," Kimmel said.The backlash intensified after Federal Communications Commission chair Brendan Car ...
The Fed announced its first interest rate cut of the year
Business Insider· 2025-09-17 18:00
America is getting a highly-anticipated interest rate change — the first cut of the year. Federal Reserve Chair Jerome Powell announced Wednesday that the central bank will slice rates by a quarter percentage point. The call aligns with expectations: CME FedWatch projected a near-100% chance of a September policy shift in the days before the meeting.The Federal Open Market Committee cited slowing job growth as a key reason for the cut, despite inflation heating up once more. The Fed's goal is to keep emplo ...
Tesla dodges trial and settles lawsuit over a deadly Autopilot crash
Business Insider· 2025-09-17 16:53
Tesla has avoided another jury trial over a deadly crash involving the electric carmaker's Autopilot driver-assist system. Elon Musk's company reached a deal this week to settle a lawsuit with the family of a 15-year-old boy who was killed in a 2019 California highway collision after a Tesla Model 3 slammed into the teen's father's pickup truck.Notice of settlement documents were filed in Alameda County Superior Court on Monday, just four weeks before the case was scheduled to go to trial. The documents sa ...
Mortgage Refinance Applications Are Soaring As Rates Drop
Business Insider· 2025-09-17 14:04
再融资需求激增 - 抵押贷款再融资申请量上周环比增长58% 较去年同期水平增长70% [1] - 可调整利率抵押贷款再融资活动占比升至12.9% 创2008年以来最高纪录 [2] 利率走势分析 - 30年期固定抵押利率下降15个基点至6.35% 创一年来最大单周跌幅 [4] - 5/1年可调整抵押利率降至5.7% 10年期国债收益率从4.8%峰值回落至4.02% [3][4] 市场活动回暖 - 抵押贷款总申请量增长9.2% 创2022年以来最强单周需求表现 [8] - 住房市场显现转折信号 预计抵押利率年底将降至6.25% [9] 驱动因素分析 - 美联储9月政策会议预期降息直接冲击短期借款成本 [3] - 长期利率同步下行 投资者预期借贷成本将在更长时间内保持宽松 [3]
The Jerry from Ben & Jerry's has quit — and is criticizing parent company Unilever on his way out
Business Insider· 2025-09-17 13:52
There won't be a Jerry at Ben & Jerry's anymore. Jerry Greenfield, one of the ice cream brand's co-founders, said late Tuesday that he was leaving the company.Greenfield criticized the ice-cream brand's parent company, Unilever, in his announcement, saying that it had silenced the brand's speech on social and political issues. "It's with a broken heart that I've decided I can no longer, in good conscience, and after 47 years, remain an employee at Ben & Jerry's," Greenfield wrote in a statement shared by ...