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A Spirit Airlines Airbus A321 airplane taxis at Los Angeles International Airport after arriving from Fort Lauderdale on March 30, 2025 in Los Angeles, California. Kevin Carter | Getty ImagesJust hours after Spirit Airlines collapsed, its rivals unveiled their new flight plans. Airlines had actually been at work for months on their route changes as Spirit’s shutdown looked more and more likely. Some new flights start this week. It comes after Spirit abruptly ceased operations overnight Saturday, stranding thousands of customers.The quick move shows how carriers are vying for Spirit’s valuable assets, like airport gates and a customer base that…
Dominican Republic president halts GoldQuest mining project after protests Source link
After an unanticipated five-week break in the season, Formula One resumed action this past weekend in Miami. Held at a temporary circuit around Hard Rock Stadium, the event is emblematic of the Liberty era of F1: a turbocharged marketing extravaganza crammed full of hospitality suites with ticket prices as high as $95,000. It might be miles from the sea—the original plans to race across a bridge over Biscayne Bay did not survive contact with locals—but the sport is doing its best to make this a modern Monaco, playing up the host city’s glamorous reputation and pastel color palette. As we…
NANJING, CHINA – APRIL 30, 2026 – Tourists visit the BYD exhibition area at the Auto Expo in Nanjing, Jiangsu Province, China on April 30, 2026. (Photo credit should read CFOTO/Future Publishing via Getty Images)Cfoto | Future Publishing | Getty ImagesBYD’s passenger vehicle sales fell for an eighth consecutive month in April, while its domestic rivals Leapmotor and Zeekr notched record-high monthly deliveries as the market becomes more competitive.BYD reported Sunday that it delivered 314,100 new energy passenger vehicles last month — comprising battery electric and plug-in hybrid models — a 15.7% decline from the year before but up 6.2%…
Westpac reports weaker than expected first-half profit, cites Middle East war impact Source link
GameStop wants to slash eBay marketing budget Morgan Stanley similarly doubted the potential cost savings. “On the expense side, we also think the potential opportunities would likely be minimal as physical and digital business require different cost bases, as do 3P marketplaces vs. 1P wholesalers. To add another challenge, GameStop has already undergone a series of large cost cuts,” the research note said. Morgan Stanley analysts expressed skepticism about “how a deal would be financed given the material valuation gap.” If completed, they said it could end up as the largest leveraged buyout ever, “surpassing the recently announced $55 billion Electronic…
Paramount Skydance topped Wall Street’s revenue and earnings estimates for the first quarter on Monday, as the media company got a boost from its streaming and film businesses. The company reported nearly $7.35 billion in first-quarter revenue, up 2% from the prior year, and lifted by the overall streaming business — which includes Paramount+, as well as BET+ and the free, ad-supported service Pluto. Revenue for the streaming unit grew 11% to $2.4 billion compared to the same period last year. Paramount+, the flagship of the company’s streaming portfolio, added 700,000 subscribers during the quarter and grew revenue 17% year…
Investing.com– Australia’s and said on Tuesday they had agreed to merge in a deal that will create a A$10.7 billion ($7.7 billion) producer. Under the agreed all-share transaction, Regis will acquire 100% of Vault, with Vault shareholders receiving 0.6947 new Regis shares for each share held. Upon completion, Regis shareholders will own about 51% of the combined group, with Vault investors holding the remaining 49%. Get real-time updates on market-moving news with InvestingPro Vault shares surged over 5% in early trading on Tuesday, while the Regis stock slipped nearly 4%. The companies said the merged entity is expected to produce…
CNBC’s Jim Cramer said market pullbacks driven by geopolitical shocks shouldn’t push investors to the sidelines, arguing that the bigger opportunity is in owning companies powering the economy’s next phase of growth.”What you really would need to own are the companies that actually dominate the new economy,” Cramer said Monday on “Mad Money,” pointing to data center and artificial intelligence-linked names that have driven much of the market’s gains this year.Cramer’s comments come after the Dow Jones Industrial Average fell more than 1% and oil prices and Treasury yields spiked Monday on rekindling tensions in the Middle East.Cramer has long…
The prime minister will meet leaders from a number of sectors at Downing Street on Tuesday. Source link