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Frontier Agrees To Buy Spirit Airlines In $6.6 Billion Deal

Frontier Agrees To Buy Spirit Airlines In $6.6 Billion Deal

Share to FacebookShare to TwitterShare to LinkedinTopline Frontier Airlines’ parent company, Frontier Group Holdings, agreed to buy Spirit Airlines in a multibillion-dollar deal, the companies announced Monday morning, forming the fifth-largest airline in the United States following the merger of the two low-cost airlines. Frontier Airlines A320 at Cleveland Hopkins International Airport getty Key Facts…

MacKenzie Scott Gives $133.5 Million To Keep Kids In School

MacKenzie Scott Gives $133.5 Million To Keep Kids In School

Share to FacebookShare to TwitterShare to LinkedinTopline Billionaire philanthropist MacKenzie Scott—who helped her ex-husband, Jeff Bezos, build Amazon in its early days—has pledged $133.5 million to a nonprofit that helps keep at-risk children in schools, as her philanthropy continues to overshadow Bezos’ giving since their 2019 divorce. Mackenzie Scott (then Bezos) at the Vanity Fair…

Amazon Hiking Prime Membership Cost As Revenue Increases Slightly

Amazon Hiking Prime Membership Cost As Revenue Increases Slightly

Share to FacebookShare to TwitterShare to LinkedinTopline Amazon is increasing the cost of its Prime service, the company announced Thursday, as its fourth-quarter earnings report showed a 9% year-over-year increase in revenue and met analysts’ expectations following a holiday season fraught with challenges. Tractor trailer semi truck with logos for Amazon Prime service and text…

Cathie Wood Buys More Robinhood And Tesla, Tells Investors To Take ‘Advantage’ Of Volatility

Cathie Wood Buys More Robinhood And Tesla, Tells Investors To Take ‘Advantage’ Of Volatility

Share to FacebookShare to TwitterShare to LinkedinTopline Widely followed stock picker Cathie Wood of Ark Invest, looking to bounce back as her funds continue to underperform, is using recent market volatility to buy the dip on big growth names like Tesla and Robinhood—both of which have seen shares struggle amid the wider selloff in January.…

Billionaire Bankman-Fried’s Crypto Exchange FTX Lands $32 Billion Valuation And $400 Million In New Funding

Billionaire Bankman-Fried’s Crypto Exchange FTX Lands $32 Billion Valuation And $400 Million In New Funding

Share to FacebookShare to TwitterShare to LinkedinTopline In its third funding round in six months, FTX Trading, one of the world’s busiest cryptocurrency exchanges, has raised another $400 million in new investments, the firm announced Monday morning, boosting its valuation to a staggering $32 billion despite a January selloff that’s wiped more than $500 billion…

Musk Left California But It Still Loves Tesla: Brand Has 75% Share Of State’s EV Market

Musk Left California But It Still Loves Tesla: Brand Has 75% Share Of State’s EV Market

Tesla continues to dominate electric vehicles sales in the biggest U.S. market for them. Getty Images Billionaire Elon Musk moved Tesla’s headquarters and his residence to Texas, but California remains the strongest U.S. market for the electric-car maker, accounting for nearly 40% of its American sales and more than half of all zero-emission vehicles purchased…