For years, Frontier Airlines (ULCC) chased Spirit Airlines. Frontier tried to buy Spirit in 2022, lost toJetBlue, then circled back for a second attempt that also fell apart. Now Frontier can get the prize without the purchase. Spirit ceased all operations on May 2, 2026, ending a 33-year run as America’s original ultra-low-cost carrier. Spirit’s
Someone on X (the former Twitter) was criticizing the deal Anthropic struck with SpaceX to use its Colossus data centers. The argument was that handing $45 billion to SpaceX through May 2029 could be a massive unforced error, potentially letting xAI drain Anthropic’s token traffic and leaving Claude as a niche product for premium tasks.
PepsiCo spent February cutting prices. Lay’s, Doritos, Cheetos, and Tostitos are all down 15%. The company needed American shoppers to start buying snacks again, and cheaper prices seemed like the obvious way to get them back. It didn’t really work. And when CEO Ramon Laguarta got on the Q2 earnings call on July 9, he
A single failed trial can undo years of work in one trading session, and Ionis Pharmaceuticals (IONS) just went through both consecutively. Ionis Pharmaceuticals lost nearly a quarter of its value on July 9 after its heart drug Wainua failed to meet the primary goal of a late-stage trial. The next day brought a second
Tesla investors who have bet on Elon Musk and his electric vehicle company have been rewarded for their faith time and again. The stock seems immune to prolonged downturns, even when Tesla (TSLA) fails to deliver on one of Musk’s grandiose promises. And when he does deliver, the stock also pushes higher. But one of
I have been tracking SanDisk’s numbers. It’s one of my favourites. Why? Its performance, and the reason behind the big numbers. And the numbers keep doing something unusual for sure. They keep getting bigger than the already-big numbers that preceded them. If you didn’t know, SanDisk (SNDK) is the top-performing S&P 500 stock in 2026,
Investors came into July expecting a familiar stock market setup leaning on resilient earnings and AI spending, along with a seasonal stretch favoring equities. Though Morgan Stanley doesn’t feel that setup has gone away, it warns of a much narrower margin for error. There’s a major $1.2 trillion question hanging over Big Tech’s AI buildout.
June was a brutal month for the Magnificent Seven. The group shed roughly $2.3 trillion in market value and is down more than 13% since mid-May. While memory chip makers and networking vendors supplying the AI buildout have outperformed, the hyperscalers writing the checks have taken the hit. Jim Cramer owns six of the seven
Advanced Micro Devices (AMD) bulls were expecting Wall Street to continue rewarding the stock following a momentous run spearheaded by AI demand, data-center expansion, and renewed confidence in the chipmaker’s roadmap. For perspective, according to Seeking Alpha, AMD has dramatically outperformed the broader market, surging 5.6% over the past week, 15% over the past month,
Gold investors were bracing for a familiar problem. Higher real rates, a stronger dollar, and a Federal Reserve that could continue to hammer one of the year’s hottest trades. For context, according to GoldPrice.org, gold is trading in the early $4,100s per ounce, still up an impressive 23% over the past year, while its 30-day