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.
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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.
Morgan Stanley Double Upgrades Paramount Skydance – Sees 37% Upside
Morgan Stanley upgraded PSKY, sees $14 target (+37%). Likes WBD merger + AI upside, but risks remain from debt & execution.
Estée Lauder Raises Profit Outlook and Plans 3,000 More Job Cuts as Turnaround Gains Speed
Estée Lauder beat sales & profit, raised outlook, plans big job cuts and cost savings as beauty demand and online sales grow.