NEW YORK, Oct 16 (Reuters) - Spirit Airlines on Thursday said it will furlough 365 pilots and downgrade the status of up to 170 pilots in the first quarter of 2026 as it takes additional steps to rightsize its workforce as part of its ongoing restructuring efforts after the ultra-low-cost airline filed for bankruptcy for the second time in a...

03:19 PM EDT, 10/16/2025 (MT Newswires) -- Consumer stocks declined late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.2%. In corporate news, United Airlines (UAL) shares fell 6.5%. Late Wednesday, the company's Q3 earnings beat expectations, but revenue missed estimates even as air travel...

03:18 PM EDT, 10/16/2025 (MT Newswires) -- (Updates with Nvidia ( NVDA ) response in the third paragraph.) Elon Musk's xAI is planning a $20 billion lease-to-own deal for Nvidia ( NVDA ) chips for its Colossus 2 data center in Memphis, Tennessee, The Information reported Thursday, citing people familiar with the matter. Valor Equity Partners, a longtime Musk backer,...

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