✈️ Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart
Spirit Airlines is preparing to shut down operations after its rescue deal collapsed, marking the end of a major restructuring effort for the US ultra-low-cost carrier.
Finance
Nvidia Stock Plunges as Google and Amazon's In-House AI Chips Spark Competition Fears
Nvidia stock tumbles as investors worry about intensifying competition from Google and Amazon’s in-house AI chip development, challenging the $4.9 trillion chip giant’s dominance.
Trump Announces 25% Tariffs on EU Autos, Accuses Bloc of Not Complying with Trade Deal
Trump announces a 25% tariff on EU car and truck imports, accusing the bloc of failing to comply with trade agreements, potentially triggering a new wave of transatlantic trade tensions.
Nasdaq Crosses 25,000 for the First Time as Tech Stocks Drive U.S. Markets to Record Highs
The Nasdaq Composite index breaks through 25,000 for the first time, with the S&P 500 and Dow Jones also surging, driven by AI chips and tech sector strength.
⚡ Oil Prices Drop as Iran Responds to Draft Peace Agreement
Iran sends response to U.S. amendments on draft peace agreement via Pakistani mediators, pushing international oil prices sharply lower as Brent crude falls below $110.
📊 Mag 7 Shakeout: Alphabet Poised to Overtake Nvidia as World's Most Valuable Company
Alphabet’s stock has surged 140% over the past year, pushing its market cap above $4.6 trillion — just ~4% away from surpassing Nvidia. Options markets assign a 53% chance it happens by May 15.
Spirit Airlines Prepares to Shut Down After Trump Bailout Falls Through
Spirit Airlines prepares to shut down after rescue deal with the Trump administration falls apart, potentially affecting thousands of employees and travelers.
S&P 500 Hits Record High as May Trading Opens Strong
The S&P 500 closed at a record high, driven by technology stocks and Apple’s gains.
Exxon, Chevron Beat Q1 Earnings Expectations as Iran Conflict Drives Oil Prices Higher
Driven by surging international oil prices amid the Iran conflict, ExxonMobil and Chevron both exceeded Wall Street profit expectations in Q1 2026, making the energy sector a market standout.
Trump Scraps Scotch Whisky Tariffs 'in Honor' of King Charles State Visit
Trump announces removal of Scotch whisky import tariffs as a tribute to King Charles III’s state visit, expected to save Scotland’s economy millions of dollars monthly.