Deseret News

Dive into three stories selected for your weekend reading. Stay informed and engaged with our "Weekend Reads" series. Diljeet Taylor and the power of believing: bit.ly/3CDb9mz When pretended curiosity becomes a weapon to undermine faith: bit.ly/40Z8cGM The island of treasured children: bit.ly/3Z1ZxAT

A five-year journey full of twists and turns for Utah-based Teal Drones came to a landmark conclusion Thursday when the company, founded by entrepreneur George Matus when he was still a teenager, announced it had secured a U.S. Army contract for small reconnaissance drones that could be worth over $260 million. While there were signals ahead of the official announcement this week that Teal would emerge victorious in the final round of a multi-phase federal contract process that culminated with the little-known Utah company in a head-to-head competition against its much better financed drone development competitor Skydio, Matus sounded both relieved and energized by the news. | By Art Raymond

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When integrating artificial intelligence into your workspace, ?? Matt Harrison, a Python and AI corporate trainer at MetaSnake, suggests approaching it as a tool, like a child learning to use a calculator. When using artificial intelligence, the phrase “work smarter, not harder” should be kept in mind. It’s great for repetitive tasks, but without fundamental skills, it lacks benefits. Speaking on the AI track at the?Utah Business Forward?conference Wednesday at The Grand America Hotel in Salt Lake City, Harrison joined a lineup of industry experts sharing strategies for businesses to thrive in today’s competitive landscape. | By Emma Pitts

This holiday season, thrill the BYU fan in your life with "1984: The Year BYU Was Second to None," a special-edition magazine from the Deseret News. This collector’s item captures every exciting moment of BYU’s 13-0 season and national championship win. For a limited time, snag this commemorative edition for only $9.99 + shipping. Don't miss this exclusive Black Friday discount and order today at deseret.com/1984 — available only while supplies last!

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After struggling with quarterly losses, looming debt payments and failed merger attempts, Spirit Airlines officially filed for bankruptcy on Monday. Despite the bankruptcy, the airline will continue its flight operations. Since the start of 2020 the airline has lost more than $2.5 billion and has upcoming debt payments in 2025 and 2026 which total more than $1 billion, according to The Associated Press. The airline’s assets and liabilities are listed as being between $1 billion and $10 billion. According to?CNBC, Spirit’s shares this year have fallen more than 90%. | By Caitlin Keith

The Federal Reserve Bank of New York’s latest quarterly?report on household debt and credit?reported a $147 billion increase in household debt, resulting in a national sum of $17.94 trillion. Aggregate delinquency rates increased from the previous quarter, with 3.5% of unpaid debts labeled outstanding. “Mortgage balances rose by $75 billion from the previous quarter to reach $12.59 trillion at the end of September,” per the report. “While growth in income has outpaced debt, elevated balance levels continue to reveal stress for many households.” At the end of October, the?U.S. Bureau of Labor Statistics?reported a 0.2% increase in consumer goods and services, a 2.6% rise in the last year, not seasonally adjusted. This was the first rise in inflation in seven months. | By Emma Pitts

Dive into three stories selected for your weekend reading. Stay informed and engaged with our “Weekend Reads” series. Sharon McMahon is doing the next needed thing: bit.ly/4hGKjd3 The dogs who bring the fallen home: bit.ly/48J8hAp Cael Sanderson’s secret to success: bit.ly/4fq22nJ

This holiday season, thrill the Brigham Young University fan in your life with "1984: The Year BYU Was Second to None," a special-edition magazine from the Deseret News. This collector’s item captures every exciting moment of BYU’s 13-0 season and national championship win. For a limited time, snag this commemorative edition for only $9.99 + shipping. Don't miss this exclusive Black Friday discount and order today at deseret.com/1984 — available only while supplies last!