Spirit's Collapse Looms Over Summer Travel, Airfares Set to Rise
Markets Daniel Marsh

Spirit's Collapse Looms Over Summer Travel, Airfares Set to Rise

Spirit Airlines' May 2 shutdown, driven by rising fuel costs and funding gaps, is pressuring summer airfares as competitors scramble to fill routes.

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Lockheed Martin Starts $9B Alabama Missile Plant as Pentagon Urges Stockpile Rebuild
Markets Daniel Marsh

Lockheed Martin Starts $9B Alabama Missile Plant as Pentagon Urges Stockpile Rebuild

Lockheed Martin began construction on a new munitions facility in Troy, Alabama, to expand THAAD interceptor production and prepare for the Next Generation Interceptor, part of a $9 billion investment to ramp up missile output.

LMT
Grab Holdings Gains on Superbank Consolidation in Indonesia
Markets Daniel Marsh

Grab Holdings Gains on Superbank Consolidation in Indonesia

Grab's stock climbed 1.6% to $3.56 after it consolidated Superbank in Indonesia, raising its stake above 50% and folding the lender's results into its financial-services segment from May 2026.

GRAB
Blue Owl Capital Gains 5% as Private-Credit Demand Holds Steady
Markets Daniel Marsh

Blue Owl Capital Gains 5% as Private-Credit Demand Holds Steady

Blue Owl Capital shares jumped nearly 5% on Thursday, outpacing peers as private-credit demand remains steady despite ongoing sector concerns.

OWL
Deckers Outdoor shares swing after earnings beat, margin guidance disappoints
Earnings James Calloway

Deckers Outdoor shares swing after earnings beat, margin guidance disappoints

Deckers Outdoor shares closed up 4.5% after beating quarterly expectations, but retreated in after-hours trading as the company's lower-margin outlook for fiscal 2027 tempered investor enthusiasm.

DECK
Ackman Shifts from Alphabet to Microsoft as AI Bets Diverge
Markets Daniel Marsh

Ackman Shifts from Alphabet to Microsoft as AI Bets Diverge

Bill Ackman's Pershing Square sold nearly all its Alphabet shares and bought a $2.09 billion Microsoft stake, while Daniel Loeb's Third Point made opposite moves, highlighting a divide in AI investment strategies.

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AMD Invests $10B in Taiwan AI Supply Chain, Targets Nvidia
Technology Sarah Chen

AMD Invests $10B in Taiwan AI Supply Chain, Targets Nvidia

AMD shares rose 0.4% after announcing a $10B investment in Taiwan's AI supply chain and next-gen EPYC chip production on TSMC's 2nm process. Nvidia fell 1.8%.

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Alphabet Stock Holds Steady as AI Push Meets Regulatory Headwinds
Regulation James Calloway

Alphabet Stock Holds Steady as AI Push Meets Regulatory Headwinds

Alphabet shares edged lower as Google rolled out new AI tools at its I/O conference and faced a European complaint over scam ads. The stock is in a holding pattern as investors weigh AI spending against growth.

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Ross Stores Stock Jumps on Raised Outlook as Discount Demand Remains Strong
Earnings James Calloway

Ross Stores Stock Jumps on Raised Outlook as Discount Demand Remains Strong

Ross Stores shares surged 5.3% in after-hours trading after raising its full-year sales and profit outlook, as first-quarter comparable-store sales jumped 17%.

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Webull Shares Drop 5.4% on Q1 Loss Despite 36% Revenue Surge, Rising Costs
Earnings James Calloway

Webull Shares Drop 5.4% on Q1 Loss Despite 36% Revenue Surge, Rising Costs

Webull shares tumbled 5.4% in late trading after reporting a Q1 net loss of $21.7 million as operating expenses jumped 68%, overshadowing a 36% revenue gain to $159.9 million.

HOOD
Workday Shares Surge on AI Agent Demand, Strong Q1 Results
Earnings James Calloway

Workday Shares Surge on AI Agent Demand, Strong Q1 Results

Workday shares jumped 7% in after-hours trading after beating Q1 estimates with $2.54B revenue and an adjusted profit of $2.66 per share, driven by surging adoption of its AI agents.

WDAY ORCL SAP NOW
Take-Two Reaffirms GTA 6 Launch Window, Yet Wall Street Remains Cautious
Earnings James Calloway

Take-Two Reaffirms GTA 6 Launch Window, Yet Wall Street Remains Cautious

Take-Two reaffirms GTA 6 launch for Nov. 19, 2026, and beats Q4 bookings, but fiscal 2027 guidance falls short of estimates. Shares gain 8% after hours.

TTWO