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The Trump administration is nearing a potential rescue package for Spirit Airlines, as it faces mounting financial pressure and the risk of liquidation. The Wall Street Journal reported the development, citing people familiar with the matter, that the US government is in advanced discussions to provide Spirit with up to $500 million in financing. In… Continue reading US nears $500M rescue deal for Spirit Airlines: report

Shares of Tesla rose 1.19% to $391.90 on Wednesday, tracking gains in broader US equity markets as investors positioned ahead of the company’s first-quarter earnings report. The rally followed a broader upswing in equities after US President Donald Trump extended a ceasefire with Iran, easing geopolitical concerns and lifting sentiment. The S&P 500 advanced 0.7%,… Continue reading Tesla stock jumps ahead of earnings: will the climb continue after?

Shares of GE Vernova surged on Wednesday after the energy company raised its full-year outlook and reported strong first-quarter results, underscoring the growing impact of artificial intelligence-driven data center demand on its business. The stock climbed about 13%, extending its rally to nearly 70% year-to-date, as investors responded to accelerating growth in the company’s power… Continue reading GE Vernova stock jumps 13% as AI data center boom lifts outlook

US stock indices moved higher on Wednesday after President Donald Trump extended the ceasefire with Iran, even as uncertainty persisted over the durability of the truce. The Dow Jones Industrial Average rose by more than 417 points, or about 0.85%, while the S&P 500 gained roughly 0.67% and the Nasdaq 100 climbed 0.72%. The gains… Continue reading Dow Jones jumps 417 pts as Trump extends Iran ceasefire

Robinhood’s proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced on Wednesday. The Robinhood Ventures Fund I (RVI), which offers investors exposure to private technology companies, invested $75 million in the artificial intelligence firm. The fund went public and began trading on the New York… Continue reading Robinhood fund takes $75M stake in OpenAI

Best Buy has announced a leadership transition, naming Jason Bonfig as its next chief executive officer, replacing Corie Barry later this year. The move comes at a critical juncture for the consumer electronics retailer, which is grappling with sluggish sales growth and shifting consumer behaviour in a high-cost environment. Bonfig will take over as CEO… Continue reading Corie Barry to step down as Best Buy names Jason Bonfig CEO