EUR Drops As ECB Hikes Rates (As Expected); Raises Inflation Outlook, Sees Downside Growth Risks

Spirit Airlines Prepares To Shutter Operations As Trump Rescue Deal Falls Apart The Wall Street Journal reports that bankrupt Spirit Airlines is preparing to wind down operations after failing to secure a $500 million lifeline from the Trump administration. WSJ reports: The ailing budget airline had been hoping to finalize a $500 million lifeline from the government before running out of cash. The discount carrier hasn't been able to get sufficient support between certain bondholders and the government to secure the funding to keep it in business, people familiar with the matter...

"Safeguard Our Homeland": FCC Moves To Ban Foreign Military-Grade Drone Imports A little more than a week after we exposed military-grade interceptor drones being openly marketed on Facebook as dual-use technology by a Hong Kong-based company, FCC Chairman Brendan Carr announced a proposal to prohibit the importation and sale of foreign-produced military-grade drones in the U.S. "Today, the FCC took additional action to safeguard our homeland. We have proposed banning the sale of foreign, military-grade drones, including those capable of swarming," Carr wrote on X, adding, "Another step to strengthening and...