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AM Business Notebook

>>Ahead Of The Bell 

(New York, NY)  --  The opening bell rings this morning after stocks closed mixed on Wall Street Monday to start off the fresh trading week.  At the closing bell, the Dow Jones Industrial Average lost 55 points to 43-389. The S&P 500 rose 23 points to 58-93.  The Nasdaq gained 111 points to 18-791.  

 

>>Spirit Airlines Files For Bankruptcy

(Dania Beach, FL)  --  Spirit Airlines is filing for bankruptcy.  The budget carrier announced on Monday that it's reached a deal with bondholders for 300-million-dollars in financing to help it through bankruptcy, which it hopes to exit in early 2025.  The airline said service will continue normally and uninterrupted.  The company has been struggling with losses and a failed merger attempt.   

 

>>Earnings Reports Coming Up 

(Undated)  --  There are at least three noteworthy earnings reports to keep an eye out for this week.  Walmart kicks things off today with third-quarter results.  Chipmaker Nvidia follows the next day with its earnings report coming after the closing bell.  Farm equipment maker Deere & Company is in the spotlight Thursday.  

 

>>SpaceX Starship Test Flight Could Launch Today

(Brownsville, TX)  --  The next test flight of the SpaceX Starship rocket could launch today after yesterday's planned blast off was delayed.  Starship was designed to aid NASA in its upcoming lunar missions.  The last test was also the first time the company successfully "caught" the booster rocket as it descended to the ground after detaching from the Starship rocket.

 

>>SEPTA Strike Likely 

(Philadelphia, PA)  --  Hundreds of Southeastern Pennsylvania Transportation Authority workers could soon go on strike.  It comes as the transit agency and the SMART Local 1594 union failed to reach a new deal last night.  Workers  with the mass transit provider for the city of Philadelphia and four surrounding counties are looking for more money and increased safety measures.  SEPTA says they're facing a 240-million-dollar deficit and negotiations are expected to continue today.

 

>>Salvation Army Adapts Donation Methods

(Charleston, WV)  --  The Salvation Army is launching its annual red kettle campaign with some modern twists.  They're aiming to raise 250-thousand-dollars this holiday season, though they've struggled to meet goals in recent years.  The organization now offers digital payment options including Venmo, Google Pay, and Apple Pay through QR codes on kettle stands.  

 

>>Iowa Tops List of States Where Residents Reduce Their Debt

(Des Moines, IA)  --  A new national study ranks Iowa the number one state in the country where residents have reduced their debt.  The study looked at 300-thousand credit reports to identify changes in debt balances across all 50 states.  Chief credit analyst Matt Schulz [[ SCHULTZ ]] with Lending Tree says the research shows Iowans are paying off their debts strategically, such as those debts with higher interest rates.
 

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