💼 Business & Startups
Today's top 2 stories, curated by Daily Direct.
Spirit Airlines' collapse offers a stark lesson in the limits of optimistic restructuring. The budget carrier's turnaround strategy failed to account for external shocks, leaving it without the financial cushion needed to absorb disruption. For capital-intensive businesses, a recovery plan that only works under ideal conditions is no plan at all.
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Global markets are bracing for volatility after Trump announced "Project Freedom," a U.S.-led initiative targeting the Strait of Hormuz following a fresh wave of attacks on commercial shipping. The move sets up a direct confrontation with Iran, through which roughly 20 percent of the world's oil supply transits daily. Energy traders are watching closely, as any escalation in the region could trigger sharp spikes in crude prices.
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