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Spirit Airlines announces layoffs, jet sales as it tries to stay afloat

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Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways Corp. earlier this year.

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Jamie Dimon will stay in his job, with no plans to join Trump administration

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JPMorgan Chase chief executive will help shape the economy while remaining at the helm of the largest U.S. bank, a source told MarketWatch.

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Tesla’s market cap hits $1 trillion after another Trump-fueled jump for the stock

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Tesla Inc.’s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could benefit the company while hampering its EV competitors.

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Rivian has Wall Street turning more cautious after mixed financial snapshot

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A mixed quarter for the EV maker translated into more caution on Wall Street, which also mulled over the implications of the future Trump administration.

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