159-year-old whiskey brand facing Chapter 11 bankruptcy, asset sale

Delta Air Lines and Aeromexico have filed a legal request to block a Trump administration order that seeks to terminate their joint venture. This move is significant as it could impact the competitive landscape of the airline industry, affecting routes and pricing for consumers. The joint venture has allowed both airlines to collaborate on flights between the U.S. and Mexico, and its potential dissolution raises concerns about reduced options for travelers.

JPMorgan is seeking to terminate the legal fee payments for Charlie Javice, the founder of Frank, who, along with another executive, was convicted of defrauding the bank. This move comes as part of a broader legal dispute stemming from a 2021 sale agreement, where expenses were initially covered. The outcome of this case could have significant implications for how financial institutions handle legal liabilities and the accountability of executives in similar situations.

Newmont Corp. is reportedly considering a strategic acquisition of Barrick Mining Corp.'s valuable gold assets in Nevada. This potential deal could significantly enhance Newmont's portfolio and strengthen its position in the competitive mining industry, making it a noteworthy development for investors and stakeholders.

A group of creditors has expressed serious concerns regarding PrimaLend's Chapter 11 bankruptcy filing, particularly due to the exclusion of what they describe as the company's most distressed unit. This situation raises significant questions about the lender's financial health and the potential impact on its stakeholders, highlighting the complexities of bankruptcy proceedings and the challenges faced by creditors in recovering their investments.

Beyond Meat, the plant-based meat producer, is anticipating an impairment charge for certain assets in the latest quarter. However, the company expects its revenue to align with its targets, which is a positive sign for investors. This news is significant as it highlights the ongoing challenges in the plant-based market while also showing that Beyond Meat is managing to meet its financial goals.

Kim Kardashian is making waves in the real estate market with her ambitious $60 million overhaul project in Hidden Hills. This significant investment not only showcases her keen eye for property but also highlights her ability to transform spaces into luxurious homes. The project is expected to elevate the neighborhood's appeal and potentially increase property values, making it a noteworthy development in the area. Kardashian's move reflects her ongoing influence in both the entertainment and real estate industries, and it could inspire others to invest in similar ventures.

A Turkish court has dismissed a case aimed at removing the opposition leader, a decision that is seen as a significant victory for political plurality in the country. This ruling not only reinforces the democratic process but also highlights the judiciary's independence in the face of political pressures. It matters because it ensures that diverse voices remain in the political arena, which is crucial for a healthy democracy.

Jefferies has highlighted a connection between the ongoing European Union discussions regarding Russian assets and a notable surge in gold purchases. This trend is significant as it reflects how geopolitical tensions can influence market behaviors, particularly in the precious metals sector. Investors are increasingly turning to gold as a safe haven amidst uncertainty, making this development worth monitoring for its potential impact on global finance.

Artificial intelligence is making significant strides at Arizona State University (ASU), showcasing its potential to revolutionize education and research. However, the impact of tariffs is being felt in a small nation, highlighting the complex interplay between technological advancement and economic challenges. This situation underscores the importance of balancing innovation with the realities of global trade.

The US and China have initiated trade talks, with Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng leading the discussions. This is a significant step towards easing tensions over tariffs ahead of the crucial Trump-Xi summit. These talks are important as they could pave the way for improved economic relations between the two largest economies in the world, potentially benefiting global markets and trade.

O'Reilly Auto Parts CEO has raised concerns about upcoming changes in stores, following a troubling update from competitor AutoZone. The Memphis-based company reported a significant $80 million non-cash charge due to tariffs, with expectations that this could rise to $120 million in the current fiscal quarter. This situation highlights the impact of tariffs on the automotive parts industry, signaling potential price increases and supply chain challenges for consumers.

As retirement approaches, managing debt becomes crucial, and experts like Jeffrey Snyder and Bruce McClary emphasize the importance of prioritizing which debts to tackle first. This guidance helps retirees secure their financial future, ensuring they can enjoy their golden years without the burden of overwhelming debt. Understanding which debts to focus on can lead to a more stable and stress-free retirement.

The Louvre has transferred its valuable jewels to the Bank of France following a recent heist, as reported by RTL. This move is significant as it highlights the ongoing concerns about security in cultural institutions and the measures being taken to protect national treasures. The transfer aims to ensure the safety of these artifacts while investigations continue.

Amazon has launched a fantastic deal on a 3-pack of clothing organizers for just $10, making it easier for shoppers to store seasonal apparel, sweatshirts, and essentials for college dorm rooms. This offer is significant as it provides an affordable solution for those looking to declutter and organize their spaces, especially students preparing for the upcoming school year.