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American Airlines Faces Fuel Cost Headwinds Ahead of Memorial Day
American Airlines shares dropped 3% Friday as rising oil prices and a $4 billion fuel cost hike pressured the carrier, which still expects a record 4.2 million travelers over Memorial Day.
CoStar Leaves Nasdaq-100: What Investors Should Know
CoStar Group will be removed from the Nasdaq-100 index before Monday's open, replaced by Lumentum. The stock rose 2.6% Friday on heavy volume as index funds adjust.
Aurora Innovation Stock Dips 5.75% Ahead of Annual Meeting
Aurora Innovation shares closed at $7.71 on Friday, down 5.75%, but remain up 10% from last week. The company aims to deploy over 200 driverless trucks by year-end and holds its annual meeting on May 21.
Rivian's R2 Launch Faces Market Headwinds; Shares Dip 5%
Rivian (RIVN) shares dropped 5% on Friday as the R2 configurator launched, with Tesla matching pricing. Market headwinds and execution concerns weigh.
MARA Slips 6% as Bitcoin Miner's AI Transition Faces Key Trial
MARA shares dropped 6.4% to $12.44 after bondholders approved debt amendments for its Long Ridge Energy deal, a key step in its AI pivot. The miner reported a $1.26B Q1 net loss.
Cisco Hits All-Time High as AI Orders Surge, Job Cuts Announced
Cisco shares closed at $118.21 after a 22% weekly gain, fueled by strong earnings and a raised AI revenue outlook to $9 billion. The stock jumped 17% on Thursday.
AT&T Stock Declines 4.5% in Week Despite Spectrum and Satellite Deals
AT&T shares closed at $24.03 on Friday, down 4.5% for the week, amid a broader market decline. The company secured FCC approval for a $23 billion spectrum deal with EchoStar and joined a satellite joint venture.
Archer Aviation Faces Key Week After Stock Drop and New Share Filing
Archer Aviation shares dropped 5.6% Friday to $6.05 after a May 14 SEC filing registered 3.27M resale shares and up to $8M in new stock for vendors, expected around May 19. The company, with $1.78B cash and a Q1 net loss of $217.7M, appears at Deutsche Bank's auto conference Tuesday.
