Spirit Airlines announced on May 2 that it was suspending all operations after years of financial hardships, compounded by a recent spike in fuel prices, leaving travelers scrambling for alternative flights and refunds. All Spirit flights have been canceled and the airline’s customer service is no longer available. “For more than 30 years, Spirit Airlines Read More…
Wall Street capped a strong week with fresh all-time highs on Friday, as upbeat earnings from Apple and hopes for a resolution to the U.S.-Iran conflict helped push major indexes higher for a fifth consecutive week. The Nasdaq led the way, surpassing the 25,000 level and closing at 25,114.44, a new record. The S&P 500 Read More…
American manufacturing is showing fresh momentum, with factory activity climbing to its strongest level in four years as companies expand domestic production and investors warm to an industrial rebound. Recent data point to a broad pickup across the sector. The Institute for Supply Management’s manufacturing index rose for a third straight month, reaching its highest Read More…
A $16 billion financing package for a massive Oracle Corp. data center in Michigan has closed after months of difficult negotiations, the latest sign of both the enormous appetite for AI infrastructure and the growing wariness among investors asked to fund it. Bank of America sold $14 billion in bonds tied to the project, with Read More…
JPMorgan Chase (JPM.N) CEO Jamie Dimon signaled his backing for former Federal Reserve Governor Kevin Warsh as the next chair of the U.S. central bank, the Financial Times reported Friday. The comments come amid ongoing speculation over President Donald Trump’s choice to lead the Federal Reserve. Earlier Friday, Trump said he was leaning toward either Read More…
SpaceX is moving closer to a public listing, with a secondary share sale indicating a company valuation of $800 billion, according to a letter to shareholders from CFO Bret Johnsen reviewed by Reuters. The Elon Musk-led aerospace company is preparing to go public as early as next year. The move, potentially one of the largest Read More…
Bitcoin-focused company Strategy (MSTR.O) maintained its place in the Nasdaq 100 index on Friday, continuing its year-long presence in the benchmark despite growing questions from analysts over its business model. Some market observers have suggested that Strategy’s pioneering approach of buying and holding bitcoin, which has inspired numerous copycat firms, resembles an investment fund more Read More…
President Donald J. Trump signed an Executive Order aimed at curbing the influence of proxy advisory firms that critics say have prioritized political agendas over the financial interests of American investors. The move is intended to protect retirement savings in 401(k)s, IRAs, and pensions from policies driven by “diversity, equity, and inclusion” (DEI) and “environmental, Read More…
paceX has informed investors and financial institutions that it plans to pursue an initial public offering (IPO) in the second half of 2026, according to a report by The Information on Friday. The rocket company, founded by Elon Musk, is reportedly considering a public listing of the entire company, which could include Starlink, its growing Read More…
Volkswagen Group will invest 160 billion euros—approximately $186 billion—through 2030 as the automaker tightens its long-term spending plans in response to mounting challenges in its two largest markets, CEO Oliver Blume announced this week. The updated figure is part of Volkswagen’s annual rolling five-year investment plan and reflects a continued pullback from previous spending peaks. Read More…
Meta Platforms Inc., the parent company of Facebook, has entered into a series of commercial AI agreements with prominent news publishers, including USA Today, People Inc., CNN, Fox News, The Daily Caller, Washington Examiner, and Le Monde, the company announced Friday. The partnerships will allow Meta to provide “real-time” news and updates through its AI Read More…
Warner Bros Discovery (WBD) has agreed to sell its iconic studio and streaming assets to Netflix (NFLX) for $72 billion, a blockbuster deal that will reshape Hollywood and create a vertically integrated media powerhouse. The deal ends a weeks-long bidding war with Paramount Skydance and Comcast, coming amid sweeping changes in the media industry as Read More…
Google on Friday withdrew its European Union antitrust complaint targeting Microsoft’s cloud computing practices, just a week after EU regulators opened an investigation into whether Microsoft should face scrutiny under rules designed to curb market dominance in the sector. The EU’s move, announced last week, signaled growing concern about Microsoft’s influence in cloud services, including Read More…
Warburg Pincus has reached an agreement to acquire a majority stake in Raptor Technologies from private equity firm Thoma Bravo, in a transaction valuing the school safety software provider at roughly $1.8 billion, according to people familiar with the negotiations. Sources said the deal could be announced imminently. They requested anonymity because the details are Read More…
Shares of companies that stockpile bitcoin and other digital tokens are coming under renewed pressure as fresh volatility sweeps through the cryptocurrency market, raising concerns about stress in a niche but rapidly expanding corner of the financial world. The selloff follows months of enthusiasm fueled in part by President Donald Trump’s pro-crypto stance and the Read More…
Starbucks’ workers’ union significantly widened its ongoing strike on Black Friday, extending the walkout to more than 120 stores nationwide—nearly double the number that began the action earlier this month—amid demands for better pay and improved staffing levels. The strike, which the union says is now the longest in Starbucks’ history, began on Nov. 13 Read More…
Billionaire investor Bill Ackman is preparing to take his hedge-fund empire public in a bold two-step move, the Wall Street Journal reported Friday, citing people familiar with the matter. Ackman is in early-stage discussions to list both his flagship Pershing Square Capital Management and a new closed-end fund, Pershing Square USA, on the New York Read More…
Eli Lilly (LLY.N) hit a historic milestone on Friday, becoming the first pharmaceutical company to reach a $1 trillion market valuation, fueled by soaring demand for its weight-loss treatments. The achievement places Lilly in the rarefied ranks of U.S. companies with trillion-dollar valuations, a group historically dominated by tech giants like Apple, Microsoft, and Amazon. Read More…
Walt Disney Co. and Google’s YouTube TV have reached a new distribution agreement, ending weeks of disruptions that left millions of viewers without access to Disney-owned channels during major news and sporting events — including coverage surrounding U.S. Election Day. The dispute, which centered on carriage fees, resulted in the temporary removal of popular Disney Read More…
Some of Wall Street’s largest hedge funds reduced their exposure to high-flying “Magnificent Seven” stocks during the third quarter, according to newly released regulatory filings, while adding positions in application software, e-commerce, and payments companies. The group of tech giants — including Nvidia, Amazon, Alphabet, and Meta — has driven much of the market’s gains Read More…
Walmart Inc. (WMT.N) CEO Doug McMillon will retire next year after more than a decade leading the retail giant, capping a period during which he transformed the company into a technology-driven powerhouse. Under McMillon’s tenure, Walmart’s shares have consistently outperformed the broader market, analysts note. McMillon, 59, will be succeeded by John Furner, 51, who Read More…
(The Center Square) – With Chicago’s downtown office vacancy rate now at a record-high 28%, Illinois Policy Institute researcher LyLena Estabine says city policymakers have become their own worse enemy when it comes to addressing the area’s changing demographics. New data shows Loop vacancies ballooned over the recent third quarter as post-pandemic work trends continue Read More…
U.S. markets lost momentum this week as investors stepped back from recent highs, digesting mixed economic signals and growing uncertainty around the outlook for interest rates and growth. After several weeks of gains, the S&P 500 fell roughly 2.4% for the week, while the Nasdaq Composite dropped about 3%, its steepest decline since April. The Read More…
Now that the United States has officially stopped making pennies, a nationwide scramble is underway among gas stations, fast-food chains, and major retailers to adjust prices and handle cash transactions — a shift that could quietly erode profits for many high-volume businesses. The transition follows President Donald Trump’s decision earlier this year to halt production Read More…
Bitcoin was on track Friday to post its first October loss in seven years, breaking a streak that had given the month a “lucky” reputation among cryptocurrency traders. The world’s largest digital currency is set to fall nearly 5% for the month, trading around $66,800 Friday afternoon, as investors pulled back from risk assets amid Read More…
The stock market wrapped up this week in a mood of cautious celebration as investors watched technology companies drive the rally. After a standout October, November opened with optimism and bullish forecasts for a strong finish to the year. The Nasdaq, S&P 500, and Dow Jones each posted weekly gains. Amazon delivered a blowout earnings Read More…
The Federal Reserve delivered a widely anticipated quarter-point rate cut this week, lowering its benchmark federal funds rate to a range of 3.75% to 4.00%, its second reduction of the year. But despite the move, Chair Jerome Powell sent a clear message to markets: don’t expect a rapid march toward lower borrowing costs. The decision Read More…
Nvidia Corporation (NASDAQ: NVDA) is preparing to release its third-quarter 2025 earnings report on Wednesday, November 19, after the market closes, with investors and analysts closely watching for insights into the company’s continued growth in artificial intelligence (AI) technology. Analysts are forecasting earnings per share (EPS) of $1.24, up from $0.81 in the same quarter Read More…
Apple Inc. (NASDAQ: AAPL) is set to release its fiscal fourth-quarter 2025 earnings report on Thursday, October 30, after the market closes. Analysts are forecasting earnings per share (EPS) of $1.77 and revenue around $101.5 billion, driven largely by the successful launch of the iPhone 17 and continued growth in the company’s services division. The Read More…
Netflix is set to release its third-quarter 2025 earnings report on Tuesday, October 21, a closely watched event for investors looking to gauge the streaming giant’s growth trajectory, profitability, and performance in international markets. The company enters the report after a strong second quarter, when it posted $7.19 per share on revenue of $11.08 billion, modestly Read More…
U.S. stocks finished higher last week, capping the market’s best weekly performance in nearly two months as major indexes rebounded from early volatility and investors found renewed optimism in technology and easing trade tensions. The S&P 500 rose roughly 1.3% for the week, while the Dow Jones Industrial Average and Nasdaq Composite also advanced, helped Read More…
This week in the stock market was marked by a tug-of-war between optimism about rate cuts and caution sparked by strong economic data and political risk. Major indexes briefly flirted with new highs, but volatility crept back in as investors weighed mixed signals. Rally Fueled by AI Pushes Markets to Records Early in the week, Read More…
(The Center Square) – Texas led the U.S. in job growth over the year in August and broke employment records again last month, according to the latest employment data. Texas reported 14,347,700 total nonfarm jobs in August, adding 17,600 positions over the month and 195,600 jobs over the year. Texas’ annual nonfarm growth rate was Read More…
U.S. stocks surged this week, with all three major indexes closing at record highs after the Federal Reserve delivered its first interest rate cut of the year, fueling hopes that more easing is on the horizon. The Dow Jones Industrial Average pushed further into record territory, while the S&P 500 and Nasdaq Composite also notched Read More…
Warren Buffett, the legendary investor known as the “Oracle of Omaha,” celebrated his 95th birthday Tuesday in typically understated fashion, surrounded by close family and friends in his hometown. Buffett, chairman and chief executive of Berkshire Hathaway, has long avoided lavish celebrations. Instead, those close to him said the billionaire spent the day with a Read More…
U.S. stocks slipped this week, closing out August on a mixed note as investors balanced encouraging inflation data, strong corporate earnings, and fresh trade developments against concerns of political and technological volatility. The S&P 500 finished the week down 0.1%, while the Dow Jones Industrial Average and Nasdaq Composite each shed about 0.2%. The Russell Read More…
Since President Donald J. Trump took office, U.S. manufacturing, production, and innovation have seen a surge in domestic investment, with corporations and foreign entities pledging trillions of dollars to expand operations on American soil. Major technology, automotive, pharmaceutical, and industrial companies have announced multi-billion-dollar investments in the United States during President Trump’s second term. Highlights Read More…
U.S. stocks closed the week within striking distance of all-time highs, buoyed by renewed expectations that the Federal Reserve will begin cutting interest rates in September and a flurry of upbeat corporate and economic news. The Dow Jones Industrial Average rose roughly 1% for the week, briefly touching a fresh intraday record on Friday before Read More…
Eastman Kodak Co. is facing heightened scrutiny after its latest 10-Q filing flagged a “going concern” risk tied to more than $470 million in term loan and preferred stock obligations due within the next 12 months. The disclosure, while required under accounting rules, signals that the company’s existing cash position is insufficient to cover upcoming Read More…
The S&P 500 rose 2.3% for the week, its best five-day stretch since early June. The Nasdaq Composite surged 3.1%, driven by blowout results from Alphabet (GOOGL) and Tesla (TSLA), while the Dow Jones Industrial Average added a more modest 1.4%, hampered by lagging industrials and healthcare names. Tech Earnings Deliver — and Then Some Read More…
Small business owners across the nation are showing renewed confidence in the economy, according to CNBC’s latest Small Business Survey, coinciding with the implementation of President Donald J. Trump’s landmark One Big Beautiful Bill and his broader pro-growth policies. The survey reveals a significant upswing in optimism: Nearly half of small business owners now rate Read More…
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