Amex Global Business Travel Sold to Long Lake
Long Lake is buying Amex GBT for $6.3B, boosting travel with AI. Shareholders get a big premium; brand stays unchanged.
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Citi: Spirit Airlines Shutdown Creates a Huge Win for Frontier Stock
Citi raised Frontier PT to $4.90 as Spirit shuts down, boosting ULCC’s growth outlook and short-term upside potential.
Norwegian Cruise Line Beats Q1 2026 Expectations But Slashes Full-Year Profit Outlook
Norwegian Cruise Line made profit and higher revenue, but cut 2026 outlook due to fuel costs, weak Europe demand, and Middle East tensions.
GameStop’s $56 Billion Bombshell: Ryan Cohen Proposes to Buy eBay at $125 Per Share
Ryan Cohen promises $2B in cost cuts and huge growth.
Berkshire Hathaway’s Cash Hoard Soars to an All-Time High as Operating Profits Rise
Berkshire Hathaway hits a record $397B cash pile in Greg Abel’s first quarter as CEO; profits rise, but few big deals and earnings are boosted by market swings.
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.