Spirit Airlines Shuts Down After 34 Years: First Major Victim of the Iran War Fuel Crisis
The board meeting ended with no agreement to rescue the company. The White House had proposed $500 million in financing for a 90% equity stake.
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GameStop Prepares Bold Bid to Buy eBay
GameStop plans to buy eBay to grow big. CEO Ryan Cohen wants to turn it into a $100B company using its strong cash position.
Chinese EV Stocks Slide After Weak April Deliveries – NIO Drops 7.5%
Nio, XPeng, and Li Auto saw April sales drop from March, but new SUVs and tech could help them recover in the coming months.
The End of Spirit Airlines: Cheap Flights May Never Be the Same
Spirit Airlines may stop flying after failed $500M bailout; shares crash, flights uncertain, and fares may rise as competition drops.
ExxonMobil Profit Falls to a 5-Year Low — but Adjusted Results Beat Expectations
Exxon beat forecasts, but profit fell due to Middle East issues. Strong US output helped offset losses; cash returns to shareholders stayed high.
Nebius Acquires Eigen AI to Make Token Factory the Fastest Inference Platform
Nebius is buying Eigen AI for $643M to make AI faster, cheaper, and improve real-time answers for businesses.