FORT LAUDERDALE, Fla. — Spirit Airlines is preparing for a potential shutdown or liquidation as the ultra-low-cost carrier grapples with mounting financial pressures, including surging fuel costs and unresolved bankruptcy challenges, according to multiple reports and industry sources. The airline, which filed for Chapter 11 protection twice in recent years, faces an uncertain future that could reshape the U.S. aviation landscape and affect millions of budget travelers.
Tony Jackson
May 02, 2026
ENGLEWOOD, Colo. — Shares of Lightwave Logic Inc. skyrocketed more than 18 percent in morning trading Friday, climbing to around $16.19 as investors piled into the small-cap photonics company amid renewed enthusiasm for technologies that could ease the massive power and bandwidth demands of artificial intelligence data centers.
Mike Clair
May 02, 2026
NEW YORK — GameStop Corp. shares hovered around $25 in early trading Friday as investors weighed the company's cash-rich balance sheet and potential strategic moves against ongoing challenges in its core retail business, leaving analysts divided on whether the meme stock favorite represents a compelling long-term opportunity or a high-risk legacy play.
Tony Jackson
May 01, 2026
NEW YORK — The Dow Jones Industrial Average climbed above 49,700 points Thursday morning, gaining more than 87 points in early trading as investors responded positively to a wave of strong corporate earnings and signs of economic resilience despite lingering concerns over inflation and geopolitical tensions.
Mike Clair
May 01, 2026
NEW YORK — California, Texas and Washington are emerging as the top three states experiencing the heaviest job losses from major corporations in 2026, driven by widespread tech sector restructuring, artificial intelligence adoption and broader economic pressures that have prompted thousands of layoffs across Fortune 500 companies.
Tony Jackson
May 01, 2026
LONDON — The FTSE 100 climbed 1.62% on Friday morning, surging 165.71 points to 10,378.82 in early trading as renewed expectations for Bank of England rate cuts, a rebound in mining stocks and positive global sentiment drove strong gains across the London market.
Tony Jackson
May 01, 2026
SYDNEY — The S&P/ASX 200 index rose 0.83% on Thursday, closing at 8,738.1 after adding 72.3 points in a solid session that reversed recent weakness and lifted investor sentiment across the Australian sharemarket.
Tony Jackson
May 01, 2026
GRAPEVINE, Texas — GameStop Corp. shares traded modestly higher Thursday, rising 0.49% to $24.64 in midday action as investors continued weighing the retailer's massive cash reserves against ongoing challenges in the traditional video game market and growing optimism around CEO Ryan Cohen's plans for a potential transformational acquisition.
Tony Jackson
May 01, 2026
SYDNEY — Channel 9 will eliminate up to 20 positions in its television news and current affairs division in the first wave of redundancies, with staff warned that further job losses are likely as the network undergoes a significant operational overhaul.
Anthony Will
May 01, 2026
ALISO VIEJO, Calif. — Glaukos Corp. shares jumped more than 17% Thursday, climbing to $137.49 in morning trading after the ophthalmic medical technology company posted record first-quarter sales that crushed expectations and raised its full-year 2026 revenue guidance, driven by explosive adoption of its iDose TR glaucoma implant.
Mike Clair
May 01, 2026
SEATTLE — Impinj Inc. shares skyrocketed more than 21% Thursday, surging to around $146 in morning trading after the RAIN RFID pioneer delivered a strong revenue beat for the first quarter and issued blockbuster second-quarter guidance that far exceeded Wall Street expectations, igniting optimism about accelerating demand for its Internet of Things technology.
Mike Clair
May 01, 2026
RICHARDSON, Texas — Vistance Networks Inc. shares surged more than 22% Thursday, climbing to $12.84 in morning trading after the networking technology company reported a strong first-quarter earnings beat and announced a transformative $1.846 billion all-cash sale of its RUCKUS Networks business to Belden Inc., accelerating its shift toward a focused, high-margin Aurora platform.
Mike Clair
May 01, 2026
PLYMOUTH, Mich. — Garrett Motion Inc. shares exploded more than 22% Thursday, surging to $25.07 in morning trading after the automotive technology supplier delivered a strong first-quarter earnings beat and raised its full-year 2026 guidance, signaling robust demand for its turbocharging and electrification products amid the global shift toward hybrids and efficient internal combustion engines.
Mike Clair
May 01, 2026
NEW YORK — Hertz Global Holdings Inc. shares skyrocketed more than 22% Thursday, surging to $6.85 in morning trading after the car rental giant announced major fleet partnerships with Uber Technologies Inc. through its new affiliate Oro Mobility, positioning the struggling company for a potential role in the autonomous vehicle revolution.
Tony Jackson
May 01, 2026
NEW YORK — The Dow Jones Industrial Average rocketed more than 500 points higher Thursday, climbing 1.07% to 49,383.23 as strong corporate earnings, cooling geopolitical worries and resilient economic data fueled a broad rebound on Wall Street.
Mike Clair
May 01, 2026
NEW YORK — Silicon Motion Technology Corp. (NASDAQ: SIMO) has emerged as one of the standout performers in the semiconductor sector in 2026, surging more than 30% in a single session after delivering blockbuster first-quarter results driven by surging demand for its AI and high-speed storage controllers. The question now on every investor's mind is whether the rally represents a buying opportunity or a signal to take profits heading into the rest of the year.
Mike Clair
Apr 30, 2026
SYDNEY — Fresh inflation data showing Australia's consumer prices rising faster than expected in March 2026 is likely to give the Reserve Bank of Australia pause as it weighs whether to deliver another interest rate hike at its May meeting or hold steady amid signs of economic softening.
Tony Jackson
Apr 29, 2026
Elon Musk testified he warned Barack Obama about AI dangers in 2015 as his massive lawsuit against OpenAI and Sam Altman moves forward.
Apr 29, 2026
