Low-cost carrier Allegiant Air announced on Sunday that it will acquire Sun Country Airlines in a deal valued at approximately $1.5 billion, including debt. The acquisition is set to significantly expand the combined airline’s network across the United States and select international routes. Read More: Singapore Airlines named world’s best airline for the fifth time at the Oscars […]
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Elon Musk becomes first person worth over $600 billion
Elon Musk has reached an unprecedented financial milestone, becoming the first person in history to amass a net worth exceeding $600 billion. The Tesla and SpaceX chief’s fortune surged following a dramatic revaluation of his aerospace company. Read More: Elon Musk calls for EU to be dismantled after $140 million fine According to Forbes, Musk’s net […]
PSX extends losses as investors opt for profit-taking
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a decline on Thursday as investors engaged in profit-taking ahead of the weekend, leading to a downward trend in the benchmark KSE-100 index. During intraday trading, the KSE-100 index dropped by 513.85 points, settling at 166,039.42 points, marking a 0.31 percent decline compared to the previous close of […]
Pakistan Stock Market Opens Week with Volatile Trading
KARACHI — The Pakistan Stock Exchange (PSX) opened the new business week on a turbulent note, with volatile trading reflecting investor caution amid economic and political uncertainty. During intraday trading, the benchmark KSE-100 index plunged more than 1,600 points, dropping to 167,245.57 points from the previous close of 168,990.07 points. However, the market later staged […]