Finance

Spirit to slash flight capacity by 25% and cut jobs, memo says

Spirit to slash flight capacity by 25% and cut jobs, memo says

(Reuters) -Spirit Airlines is set to cut jobs as the airline plans to reduce capacity by 25% year-on-year in November, according to a memo seen by Reuters on Wednesday, deepening woes for the low...

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New Zealand’s Soft GDP Fuels Rate-Cut Bets and Bond Rally

New Zealand’s Soft GDP Fuels Rate-Cut Bets and Bond Rally

(Bloomberg) — New Zealand’s economy shrank much more than economists forecast in the second quarter, fueling bets that the central bank may need to cut interest rates more aggressively...

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Australia employment falls in August, missing forecasts

Australia employment falls in August, missing forecasts

SYDNEY (Reuters) -Australian employment unexpectedly fell in August as full-time positions dropped back after a sharp rise the previous month, while the jobless rate held steady in a sign the lab...

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Where Is Bitcoin Headed Next Following Fed Chair Powell’s Remarks?

Where Is Bitcoin Headed Next Following Fed Chair Powell’s Remarks?

Neither the U.S. central bank’s decision to drop the interest rate nor Federal Reserve Chair Jerome Powell’s measured comments following the announcement stirred Bitcoin much on Wednesday. But an...

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