Author: Editor-In-Chief

Spirit Airlines and Frontier Airlines ticket counters at Kansas City International Airport.Leslie Josephs/CNBCfrontier airlines expects revenue to increase due to Spirit Airlines’ bankruptcy over the weekend, a shutdown that removed Spirit flights from the market overnight.”Given the benefits we have realized from Spirit’s capacity adjustments to date, we believe the company’s exit will result in a 3% to 5% increase in revenue per available seat mile going forward,” Frontier Chief Commercial Officer Bobby Schroeder said on Tuesday’s earnings call.Just before Spirit ceased operations, marking the biggest U.S. airline bankruptcy in a generation, the low-cost airline had 35% overlap with Frontier…

Traders work on the floor of the New York Stock Exchange (NYSE) on May 5, 2026 in New York City, USA. Brendan McDiarmid | ReutersIt’s hard to find an AI stock that isn’t hitting new highs on a daily basis.Perhaps that’s why options traders flock to super microcomputerdata center server sales rose 15% following Wednesday’s results, but are still down 49% from last year’s highs.Options volume is skewed bullish for stocks, with almost five times as many calls as puts trading on Wednesday, with call premium accounting for about 90% of options trading value.Three of the largest trades by value…

The latest voting results will determine key Senate races and highlight President Trump’s continued influence over the Republican Party.Published May 6, 2026May 6, 2026The Indiana and Ohio primaries highlighted President Trump’s continued influence over Republican voters while drawing the latest battle lines ahead of the US midterm elections in November.In Ohio, voters Tuesday chose candidates to face off in the consequential election, with Democrats selecting former Sen. Sherrod Brown to face Republican Jon Husted. Mr. Husted replaced Vice President J.D. Vance when he left his Senate seat for the White House.Recommended stories list of 3 itemsend of listThe race is…

George Groves has called for the Tyson Fury-Anthony Joshua fight to be held at Wembley Stadium.In his rematch with Carl Froch in 2014, Groves helped usher in a new era of British superfights at the National Stadium. Both Anthony Joshua and Tyson Fury then headlined Wembley Stadium in a heavyweight world title fight. fascinate This content is provided by fascinatecookies and other technologies may be used. To view this content, you must allow cookies. You can change the settings and enable it using the buttons below. fascinate Use cookies or allow them only once. You can change your settings at…

You might think the big story of Match Group’s first-quarter results would be Tinder’s turnaround. The dating app’s revenue, which had continued to decline each quarter, is once again increasing slightly. However, I would like to point out a comment made by the chief financial officer about the company currently slowing adoption because it needs more money to pay for AI tools for its employees. Ah yes, the good old “blame it on the AI” strategy! Speaking to analysts on the company’s first-quarter earnings call, Match Group CFO Stephen Bailey talked about how the dating app giant is investing in…

The Lucid logo will be unveiled at the Los Angeles Auto Show on November 20, 2025.Mike Blake | ReutersDetroit — lucid group has suspended its full-year vehicle production outlook as its incoming CEO assesses the all-electric vehicle maker’s business operations, including the possibility of lower EV production.The company said Tuesday it needed to reduce its “increased inventory” of vehicles. For automakers, this has historically meant reduced or halted vehicle production. A company spokesperson told CNBC there are no current plans to idle the company’s only U.S. factory in Arizona, but incoming CEO Silvio Napoli said the company continues to evaluate…

Elon Musk arrives at a federal courthouse during court proceedings in a lawsuit against OpenAI on April 30, 2026 in Oakland, California. Josh Edelson | AFP | Getty ImagesElon Musk’s plan to build a giant semiconductor manufacturing facility in East Texas will cost at least $55 billion in the first phase and up to $119 billion once fully built. The estimated capital investment was disclosed in a public hearing notice Wednesday in Grimes County, Texas, where the proposed facility is based. The notice says Musk’s company SpaceX is seeking a property tax abatement agreement from the county.Grimes County will hold…

Secretary of Commerce Howard Lutnick testifies during the Senate Appropriations Subcommittee on Commerce, Judiciary, Science, and Related Agencies hearing on the Department of Commerce’s fiscal year 2027 budget request in Washington, DC, April 22, 2026. Nathan Posner | Anadolu | Getty ImagesRead more CNBC’s political coverageLutnick’s press conference was scheduled to begin at 11 a.m. ET without being sworn in. The interview was not videotaped.Lutnick was a New York City neighbor of Epstein, who committed suicide in prison in August 2019 after being arrested on federal child sex trafficking charges.Lutnick previously said he stopped contact with Epstein in 2005, several…

Rory McIlroy insists he is more motivated than ever to build on his “different” title defense at the Masters ahead of his return to PGA Tour action for the first time since winning a major.McIlroy became the fourth player in history to win back-to-back Masters titles, joining Jack Nicklaus, Sir Nick Faldo and Tiger Woods, with his one-shot victory over Scotty Scheffler at Augusta National last month. McIlroy, ranked No. 2 in the world, recovered from losing a six-shot lead to close out his sixth major title. A year after completing a career Grand Slam with a dramatic playoff win…

Genesis AI, a startup that raised $105 million in a seed round to build fundamental AI for robotics, announced its first model, GENE-26.5. This comes with a surprise hand. In a demo video, the company showcased a variety of advanced tasks performed by a series of in-house designed robotic hands. “Models have always been the goal, because better models mean better intelligence,” Genesis co-founder and CEO Zhou Xian told TechCrunch. However, the company quickly realized that it needed control over its hardware. “So we decided to go full stack,” he said. Other well-funded companies are operating at the intersection of…