Spirit Airlines Inc. filed for a voluntary, pre-arranged Chapter 11 bankruptcy early Monday, capping a tumultuous period for the low-cost airline in which efforts to merge with two rivals fell through.

Pressure is building on the Biden administration to process promised student-loan cancellations in its waning days.

BlackRock has flipped a mutual fund to an exchange-traded fund for the first time, with the giant asset manager’s move reflecting investors’ increasing appetite for actively managed ETFs.