It is a tough time to be in the aviation market and doubly so for certain types of airlines. Amid the skyrocketing price of jet fuel, recent airline collapses include Spirit Airlines in the U.S. but also Mexican holiday airline Magnicharters which filed for bankruptcy protection in Mexico City in May and British cargo carrier European
Chewy (CHWY) posted record profits, beat earnings expectations, and added nearly 200,000 net customers in its latest quarter. Then investors pushed the stock to its lowest level in over a year. The sell-off followed a revenue guidance cut. Chewy trimmed its organic full-year fiscal 2026 revenue outlook, citing a softer consumer spending environment for pet
Palantir (PLTR) CEO Alex Karp isn’t buying into the idea that Anthropic, OpenAI, or any other large language model company can simply move into Palantir’s world. Though he sees the threat that Wall Street is worried about, he feels investors are asking the wrong question. That jab lands as Anthropic is moving closer to going
Forty thousand shareholders descended on Omaha on May 2 for what had been billed as a generational transition. Greg Abel presided over the 2026 Berkshire Hathaway annual meeting as CEO for the first time. Warren Buffett was in the front row as Chairman. During the lunch break, Buffett sat down with CNBC’s Becky Quick. She
Anyone who has spent time watching how institutional fixed income trading actually works knows the frustration. You have a bond to buy or sell. You have a list of dealers who might quote it. And you are making counterparty selection decisions based on relationships, intuition, and historical experience in a market that moves in real
The American consumer has spent years absorbing shocks that economists expected to break spending. Covid pandemic disruptions, the fastest inflation in four decades, aggressive interest rate hikes, and the Iran war energy price surge in April 2026 all tested household finances, and spending held up each time. The conventional explanation has been pandemic savings, a
The White House is rapidly pushing forward with its longtime campaign for drastically lower interest rates to ensure Fed Chair Kevin Warsh gets the message as his first policymaking meeting looms. President Donald Trump, in an oft-confrontational interview with NBC News’ “Meet the Press,” blasted the growing consensus from Main Street to Wall Street that
Palantir Technologies (PLTR) just delivered one of the strongest quarters in software, and its stock is sliding anyway. Shares of the artificial intelligence company fell about 13% in five trading days, closing near $136 on June 8 after trading above $158 a week earlier. That kind of drop usually follows a bad earnings report, but
Friday, June 5, handed S&P 500 investors their roughest session in eight months. A stronger-than-expected jobs report landed before the open. Bond yields jumped, and the chip and tech names that carried the market to record highs all year suddenly led it lower. By the close, the S&P 500 (SPY) had dropped 2.6%, its worst
For the second month in a row, U.S. employers stunned economists by adding way more jobs in May than they expected. Total nonfarm payroll employment rose by 172,000 last month, leaving the unemployment rate unchanged at 4.3%. While that total was slightly down from the upwardly revised 179,000 jobs added in April, it is more