Since he was seven years old, voice actor and influencer Hunter Peterson has told people that his biggest dream was to start and run an airline. In the wake of Spirit Airlines’ recent shutdown, he believes his golden opportunity has arrived at last—and the internet appears to agree. On May 2, Spirit Aviation Holdings, Inc., the company that owns Spirit Airlines, announced what it called “an orderly wind-down of operations,” effective immediately—in other words, Spirit is going out of business. The news followed years of financial struggles for the airline, multiple bankruptcies, and, most recently, an untenable rise in fuel…
Author: Staff Writer
Crypto-related stocks surged on Monday after news of a deal on a key stablecoin provision in the CLARITY Act, a U.S. crypto bill which has been stalled in Congress for months. The bill establishes a regulatory framework for digital commodities—”defined by the bill as digital assets that rely upon a blockchain for their value”—and would enable the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission to regulate cryptocurrencies. The Senate is planning a crypto markup later this month. Shares in Circle Internet Group (CRCL) rose over 18% in afternoon trading on Monday at the time of this writing,…
In December 2025, the biggest battery maker in the world, CATL, started what it calls the world’s first large-scale deployment of robots in its Luoyang, China factory. Last week, the State Grid Corporation of China began its $1 billion 2026 plan to deploy a humanoid army to maintain its grid autonomously. And just a few days ago, at the other side of the East China Sea, Japan Airlines announced the beginning of a test program of humanoids to carry luggage at airports. While we listen to Elon Musk tell us how magical and civilization-changing Tesla’s Optimus robots are, Asian countries…
A landmark federal court decision has opened the doors to COVID-era tax refunds for millions of U.S. taxpayers. In Kwong v. United States, the U.S. Court of Federal Claims determined that the COVID-19 pandemic effectively paused federal tax deadlines from January 2020 through July 2023, giving taxpayers more time to file and pay their taxes than the Internal Revenue Service (IRS) had previously recognized. The court ruled that the disaster-relief provision in Internal Revenue Code Section 7508A requires the IRS to pause all penalties and interest throughout the entire disaster period, plus an additional 60 days. That means that while…
Your boss can make or break your job experience: a good boss, smooth sailing ahead. A bad boss? Misery. According to a new workplace study, most employees are dealing with the latter. The research comes from Harris Poll’s Thought Leadership Practice who just conducted its Toxic Boss survey, which included online responses from 1,334 employed U.S. adults. It defined a toxic boss as someone who “exhibits harmful workplace behaviors, including unfair preferential treatment, lack of recognition, blame-shifting, unnecessary micromanagement, unreasonable expectations, being unapproachable, taking credit for others’ ideas, acting unprofessionally, or discriminating against employees based on personal characteristics.” A staggering…
After months of uncertainty, the long-struggling Spirit Airlines has permanently ceased operations. Now the low-cost U.S. carrier will begin liquidating its assets to repay its creditors as much as possible—a process that is expected to take months. However, its customers have more immediate issues: figuring out what to do now if they had upcoming Spirit flights booked or had other ongoing dealings with the airline. Here’s what they need to know. What’s happened? On Saturday, May 2, Spirit Aviation Holdings, Inc., the company that owns Spirit Airlines, announced what it called “an orderly wind-down of operations,” which went into effect…
Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. On any given workday, you might find Whatnot employees hawking trading cards, apparel, or other items on the digital live-shopping app. They’re not slacking on the job or trying to make rent—they’re actually evaluated on whether they’ve spent time selling and buying on the app. “We only exist to the extent that we provide our customers a lot of value,” says cofounder and…
In a recent episode of the Big Technology Podcast, Mark Cuban shared what he would do if he was a soon-to-be college grad on the job hunt in the current turbulent market. Cuban said young professionals shouldn’t look to big companies—which have already put a pause on hiring entry-level roles, especially for software engineers and programmers. Instead, he said, they should shift their focus to outsourcing their AI skills to smaller-scale companies. “If I was graduating today, or if I was a 16-year-old looking for a job, I would learn everything there is to know about AI. And I would…
Creating a financial report for your small business is essential for comprehending its financial health. It involves compiling key statements like the income statement, balance sheet, and cash flow statement. These documents highlight your profitability, liquidity, and cash management. By gathering accurate financial data and utilizing accounting software, you can streamline the reporting process. Nevertheless, many small business owners overlook common mistakes in preparation. Let’s explore how to avoid these pitfalls and guarantee your financial reports reflect your business’s true performance. Key Takeaways Gather all relevant financial data to create the income statement, balance sheet, and cash flow statement for…
The case of Chatrie v. United States exposed just how far governments have moved toward mass digital surveillance through a technique known as geofencing. This technology allows law enforcement to identify every device present within a designated geographic area during a specific period of time. Instead of investigating a suspect first and gathering evidence second, geofence warrants reverse the process entirely by collecting data on everyone nearby and sorting through it afterward. To understand why this case matters, people first need to understand how geofencing works in practice. Smartphones constantly transmit location information through GPS signals, cellular towers, Bluetooth, Wi-Fi…