The financial news that actually matters
Alaska Airlines CEO Ben Minicucci is not sugarcoating it: the airline has raised fares, and it has no intention of rolling them back. During Alaska Air Group’s first-quarter 2026 earnings call in April, Minicucci told investors that recent price increases have stuck, even as a spike in jet fuel costs squeezed margins across the industry….
Michael Burry’s Scion Asset Management bought into Microsoft during the fourth quarter of 2025, a period when the software giant’s shares were nursing a double-digit decline from their summer highs. The new stake, which did not exist in Scion’s prior quarterly disclosure, surfaced in a 13F filing submitted to the SEC in February 2026, covering…
A startup that barely existed three years ago is now at the center of one of the largest AI deals ever proposed. SpaceX has secured the right to acquire Cursor, the AI-powered code editor used by a fast-growing base of professional software developers, for $60 billion later this year, according to reports from Bloomberg, the…
Starbucks has called Seattle home since a single Pike Place storefront opened in 1971. Now the company is betting $100 million that its future also runs through Nashville. In a January 2026 internal memo first reported by the Associated Press, Sara Kelly, Starbucks’ executive vice president and chief partner officer, outlined plans to open a…
United Airlines warned in late April 2026 that ticket prices on some routes could jump as much as 20 percent this summer, a direct response to a sharp run-up in jet fuel costs driven by conflict-related disruptions in global oil markets. The carrier’s guidance, shared with analysts on April 22, marks one of the most…
A lawsuit filed against JetBlue in late April 2026 alleges the airline uses customers’ personal data to set ticket prices, turning a viral social media moment into a legal fight over a practice federal regulators have called “surveillance pricing.” The trouble started when a JetBlue customer posted about a $230 fare spike that appeared while…
More than 330,000 U.S. importers are now eligible to reclaim a share of roughly $166 billion in tariff payments, following the Supreme Court’s April 2026 decision in Cent. Grocers Retail Co. v. United States, which struck down duties imposed under the International Emergency Economic Powers Act. The refund operation is already underway. But the families…
For decades, the 60/40 portfolio was the closest thing investing had to a universal answer: put 60% in stocks, 40% in bonds, rebalance once a year, and sleep well. Bank of America says that playbook is now losing to a four-asset alternative by the widest margin in roughly 90 years. In a recent edition of…
Spirit Airlines, the budget carrier that has spent the past 18 months in Chapter 11 bankruptcy, is on the verge of receiving a $500 million federal loan that could hand U.S. taxpayers a controlling stake in the company, according to a Bloomberg report published in late April 2026. The proposed deal includes warrants giving the…
A year ago, roughly one in five Americans said they would consider buying an electric vehicle. Now the number is closer to one in four, and the reason is showing up on gas station price signs across the country. Consumer interest in EVs has climbed to 24 percent, according to Cox Automotive’s Q1 2026 Consumer…