Spirit Airlines collapses amid geopolitical tensions and rising fuel costs, while major tech companies face regulatory scrutiny and Apple reports strong earnings growth.

Spirit Airlines shut down immediately after years of financial struggle, with the budget carrier unable to secure a last-minute financial lifeline as rising fuel costs from Middle East tensions made operations unsustainable.

Apple reported a 17% sales jump powered by strong iPhone demand, with incoming CEO John Ternus speaking publicly on an investor call for the first time since his appointment was announced for September.

The Trump administration announced plans to withdraw 5,000 troops from Germany, the country hosting the largest concentration of U.S. military personnel outside Japan, alarming NATO allies and Republican lawmakers over strategic implications.

The U.S. fast-tracked $8.6 billion in arms deals to Middle East partners and Israel, bypassing congressional review as Persian Gulf countries and Israel face repeated Iranian attacks during the ongoing regional conflict.

Elon Musk's trial against OpenAI over the company's origins began, with Musk's safety concerns about artificial intelligence likely to be excluded from jury consideration in the landmark case.

Netflix announced its first major theatrical release strategy, delaying Greta Gerwig's 'Narnia' film to 2027 for a wide cinematic push, breaking from the company's traditional streaming-only release model.

The Trump administration moved to relax federal regulations on medical marijuana with significant tax breaks for cannabis companies, potentially driving new investment in the industry following policy changes.

Pakistan's KSE-100 firms reported 19% year-over-year profit growth to Rs491 billion in the third quarter, with banks and auto sector driving expansion despite challenges from fuel price volatility and geopolitical tensions.

The Pentagon established new agreements with artificial intelligence companies including Anthropic to expand classified defense work, escalating the department's engagement with major tech firms amid internal disputes.

Thermos recalled 8.2 million jars and bottles after reports that stoppers forcefully ejected from products, striking customers and causing permanent vision loss in some cases, according to safety regulators.