Inflation jumps and gas soars but American's seemed to take it in stride

In the past week, many Americans remained laser focused on the economy, inflation and how those forces could impact their lives. But it is almost impossible not to notice that trips to the grocery store or gas station are more painful than they were last year.

Spirit Airlines built a model the industry copied. Then it collapsed

Spirit Airlines, the scrappy discounter that once rattled the industry with cheeky ads and rock-bottom fares, took its final flight after 34 years of upending the business of flying.

US warns shipping firms over paying Iran to transit the Strait of Hormuz

BEIRUT (AP) – The United States is warning shipping companies they could face sanctions for paying Iran to pass safely through the Strait of Hormuz.

Editorials from The Wall Street Journal, The New York Times, The Washington Post and others

Excerpts from recent editorials in the United States and abroad:

Trump likes the idea of the government owning some US companies

WASHINGTON (AP) – President Donald Trump had no qualms about a government takeover of Spirit Airlines, so long as the terms could be portrayed as a financial victory in what would have been the latest addition to a taxpayer-backed conglomerate of business interests.

Spirit Airlines Shut Down: What to do to get home and get refunds

SEATTLE (AP) – The collapse of the U.S.-based Spirit Airlines may mark the end of an era for travelers with a certain financial sensibility. But if you’ve been snagged in their now-defunct flight schedule, here are some things to know on how to get home, and get whole.

Trump places 25% tariff on autos from the EU

WASHINGTON (AP) – President Donald Trump said on Friday that he will increase the tariffs charged on cars and trucks from the European Union next week to 25%, a move that could jolt the world economy at a fragile moment.

Apple beats out earnings estimates with continued iPhone momentum

Apple posted strong results for its quarterly earnings on Thursday, but investors’ attention is also focused on the upcoming CEO change and the tech firm’s artificial intelligence strategy.

China has now dropped tariffs on imports from every African country except 1

CAPE TOWN, South Africa (AP) – A China policy giving Africa’s biggest economies tariff-free access to its market for the next two years came into effect Friday while its economic rival the United States seeks to impose new import taxes under President Donald Trump’s push for protectionism.