In trading on Friday, vehicle manufacturers shares were relative laggards, down on the day by about 1.9%. Helping drag down the group were shares of Wabash National, down about 14.8% and shares of NIO off about 7.9% on the day. Also lagging the market Friday are auto parts sha

In this article UAL Follow your favorite stocks CREATE FREE ACCOUNT Spirit Airlines airplanes sit parked at Fort Lauderdale - Hollywood International Airport, in Fort Lauderdale, Florida, U.S., April 23, 2026. Marco Bello | Reuters President Donald Trump said Friday that his administration gave a "final" bailout proposal for Spirit Airlines as the budget carrier could be forced to liquidate without a lifeline. Talks with bondholders for a government bailout this week have not yet yielded a deal. The Trump administration last month had offered a $500 million loan that could have given the government up to a 90% stake in the Florida airline, according to people familiar with the matter who requested anonymity to speak about the discussions. "If we could do it, we'd do it, but only if it's a good deal this weekend, because they haven't gotten a deal looking at it," Trump said. "I said I'd like to save the jobs but we'll have an announcement, sometime today we gave them. We gave them a final proposal." Spirit declined to comment on liquidation plans. The airline's lawyer, Marshall Huebner, told a bankruptcy court in New York on April 23 that Spirit's cash "is not going to last for very much longer." The carrier is in its second bankruptcy in less than a year and now has the added challenge of a spike in jet fuel prices amid the Middle East conflict. United Airlines said the carrier is "preparing to support Spirit customers and employees" if the carrier shuts down and strands crews and passengers, a spokeswoman told CNBC. Other carriers are likely to follow suit. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

In trading on Friday, computer peripherals shares were relative leaders, up on the day by about 4.3%. Leading the group were shares of Xerox Holdings, up about 10.2% and shares of Seagate Technology Holdings up about 5.9% on the day. Also showing relative strength are advert

loops7/iStock Unreleased via Getty Images European automakers will have to pay an increased 25% tariff for vehicles shipped to the U.S. as a result of accusations that the European Union failed to comply with last year’s trade deal. "I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25% . It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF,” President Trump said in a post on Truth Social Friday. The post did not specify in what ways the EU broke its trade agreement with the U.S. Last summer, Trump and European Union President Ursula von der Leyen hammered out the “Turnberry Agreement,” named after Trump’s Scottish golf course. Under the terms of the deal, the U.S. would impose a 15% cap on tariffs for imported goods from the EU, while the EU would eliminate industrial tariffs on U.S. exports and increase access to U.S. agricultural products. The deal also stipulated zero customs duties for both the U.S. and the EU on electronic transmissions. The agreement—which capped EU auto export tariffs into the U.S. at — was expected to save European automakers as much as $700M a month. However, after the Supreme Court ruled against the tariffs in February, the European Commission said it expected the U.S. to abide by its commitments to the EU. “A deal is a deal,” the European Commission said in the wake of the SCOTUS decision. “As the United States’ largest trading partner, the EU expects the U.S. to honor its commitments set out in the Joint Statement—just as the EU stands by its commitments. EU products must continue to benefit from the most competitive treatment, with no increases in tariffs beyond the clear and all-inclusive ceiling previously agreed.” Related tickers: Mercedes-Benz ( MBGAF ...

The municipal-bond market roared back in April to deliver its best performance for that month in over a decade, as investors found their footing following a stretch of war-fueled volatility. The Bloomberg Municipal Bond Index rose nearly 1.15% last month, its biggest April rally since 2014, according to data compiled by Bloomberg. Surging oil prices and inflation worries sparked by the war in Iran pressured municipal bonds in March, with the index falling about 2.3% in its worst monthly performance since 2023 . The geopolitical uncertainty came during a traditionally tough time of year for the market, which typically sees less cash flowing into state and local government debt ahead of tax season. Read more: Pimco’s Hammer Says It’s Time to Buy Muni Bonds After Selloff While the volatility in March weighed on demand for new offerings, “April was marked by stability,” said Dora Lee , director of research for Belle Haven Investments. “Once investors and issuers got their bearings, we were able to get that cash and capital deployed and absorb those new issues.” This strong performance runs counter to historical trends: Overall, municipal bonds have lost an average of 0.27% for the month of April in the past 12 years. To Chris Brigati , chief investment officer at SWBC Investment Services, the performance was “a little unexpected.” He pointed to steady inflows as a key driver. With demand outpacing supply, investors have been eager to put cash to work, underpinning stronger performance in April, Brigati said. “We got through the month and saw people continuing to put money into the asset class from an investing standpoint so the demand side was strong,” he added. Looking ahead, JPMorgan Chase & Co. municipal analysts led by Peter DeGroot advised investors to buy during periods of future weakness. Subdued reinvestment capital and continued higher supply could cause “onerous technical conditions” for the muni market in the coming weeks, they said. “Given a volatile rates b...

Earnings Call Insights: The Estée Lauder Companies Inc. (EL) Q3 fiscal 2026 Management View "Today, we raised our fiscal '26 outlook and offered our preliminary view on fiscal '27" and "for the third quarter, organic sales rose 2%" while "operating margin expanded significantly" and "EPS grew 40%" (CEO, President & Director Stephane de la Faverie). "We now expect to deliver organic sales growth of 3%, the high end of our prior range" and "operating margin on track to be 10.7% to 11%" (CEO de la Faverie). "We achieved a significant milestone in the PRGP's program restructuring" and "in April, we expanded the size of the restructuring program" including "the anticipated exit of select unproductive doors in department stores and freestanding store channel" (CEO de la Faverie). "I'm thrilled to welcome to The Estée Lauder Company's portfolio, the #1 prestige skin care brand in India, Forest Essentials" and "in April, we made a minority investment in 111Skin" (CEO de la Faverie). "Overall, we delivered strong performance in the quarter with sales growth, continued margin expansion and strong cash generation" and "diluted EPS was $0.91 for the quarter compared to $0.65 last year" (Executive VP & CFO Akhil Shrivastava). Outlook "We expect organic net sales growth of approximately 3% at the high end of our prior guidance range" and "diluted EPS is now expected to range between $2.35 and $2.45" for fiscal 2026 (Executive VP & CFO Shrivastava). "For the fourth quarter, we expect an unfavorable impact of approximately 2 percentage points to sales growth and $0.06 to EPS" from Middle East disruptions, while "for the full year, the impact... is expected to be less than 1%" (Executive VP & CFO Shrivastava). "For fiscal '27... we currently assume net sales growth of 3% to 5% for the full year and operating margin of 12.5% to 13.0%" (Executive VP & CFO Shrivastava). Compared with the prior quarter’s outlook language, management moved from a full-year organic sales growth range of "...

Earnings Call Insights: Cohen & Company (COHN) Q1 2026 Management view Cohen & Company emphasized continued momentum in its capital markets franchise, with CEO Lester Brafman saying, "We are pleased to deliver another strong quarter driven by the ongoing expansion of our client franchise, in particular, our full-service boutique investment bank, Cohen & Company Capital Markets, continue to generate positive results with a focus on frontier technologies, including digital assets, energy transition and natural resources." Management highlighted balance-sheet and platform growth tied to secured financing, with CEO Lester Brafman stating, "Also during the quarter, our Gestation repo business continued to grow, reaching a book size of $3.9 billion" and adding that the company was "encouraged by the momentum we have built as we look for opportunities to further grow our top line revenue and profitability." The company pointed to SPAC-related activity as a notable corporate milestone, with CEO Lester Brafman noting, "our sponsor SPAC, Columbus Circle Capital Corp. II completed its $230 million IPO." CFO Joseph Pooler summarized profitability and key revenue lines, stating, "our net income attributable to Cohen & Company Inc. shareholders was $1.5 million for the quarter or $0.42 per fully diluted share" and adding, "Investment banking and new issue revenue was $45.7 million in the first quarter" while "Net trading revenue came in at $13.2 million in the first quarter" and "First quarter principal transactions and other revenue was negative $3.4 million." Outlook No explicit forward-looking revenue or EPS guidance was provided in the Q1 2026 transcript; management commentary on outlook was framed in qualitative terms. CEO Lester Brafman characterized forward expectations in broad terms, saying, "We are encouraged by the momentum we have built as we look for opportunities to further grow our top line revenue and profitability" and, later in closing remarks, "We remain confid...

A routine emergency room visit turned into a $3,100 bill after insurance, and at first, it seemed like there was no way around it. The patient set up a payment plan and started chipping away at the balance, assuming that...

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Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on Iran Exxon and Chevron quarterly earnings fall despite soaring oil prices Sign up for the Breaking News US newsletter email The average price for a gallon of gas in California rose to $6 this week as fuel prices across the US reached their highest level in almost four years. The American Automobile Association reported on Friday that California consumers were paying an average of $6.06, while the national average hit $4.39. The Golden state is the most expensive US market for gas but costs have also risen nationally with a 27-cent rise this week following two weeks of falling prices, AAA said in a statement . Continue reading...

President Donald Trump discusses Iran’s latest proposal to end the war and says negotiators have “made strides, but I’m not sure if they ever get there.” Trump spoke with reporters Friday at the White House. (Source: Bloomberg)

Musk’s Payday Is a Lot Like Tesla Stock: Full of Hot Air Bloomberg.com

Jeanine Pirro, US attorney for the District of Columbia, speaks during a news conference at the Department of Justice (DOJ) in Washington, DC, US, on Friday, Feb. 6, 2026. Aaron Schwartz | Bloomberg | Getty Images U.S. Attorney for the District of Columbia Jeanine Pirro may have suspended her criminal investigation into outgoing Federal Reserve Chair Jerome Powell , but she and her office remain at the center of the power struggle over the influential central bank. How she handles an imminent appeal will help determine the extent of President Donald Trump 's influence on the Fed. Pirro has until Monday to appeal District of Columbia Chief Judge James Boasberg's rulings quashing her subpoenas to the Fed. What her office says in the filing will be critical in determining how long Powell stays on the Fed after his chairmanship ends, and therefore when Trump is able to appoint a new Fed governor to replace him. It could also determine whether the effective ceasefire between Trump and the Fed settles in, or if hostilities recommence, potentially unsettling markets . The Department of Justice didn't respond to requests for comment. The Fed declined to comment. Read more CNBC politics coverage Republicans could still win the House in the 2026 midterm election: Scalise Democrats urge CFTC to rein in prediction markets sports betting, insider trading Analysis: The Warsh revolution is coming. Powell won’t stand in the way. Pirro said on April 24 she would close the investigation while Fed Inspector General Michael Horowitz looked into the renovation costs. But she left herself plenty of room to reopen it. "I will not hesitate to restart a criminal investigation should the facts warrant doing so," Pirro said in an X post. Trump said shortly after that he thought the investigation was still going. "It's not dropped," Trump told reporters on April 25. The Justice Department by tradition operates independently of the president, but in Trump's second term it has pursued cases agai...

格隆汇5月2日｜市场消息：因担忧人工智能加剧黑客攻击，美国网络安全官员正考虑缩短漏洞修复期限，提议将修复网络安全漏洞的截止时间从两周缩短至三天。

For a brief moment, no startup rode the data center boom better than Fermi Inc. Co-founded by a former Texas governor and a brash entrepreneur, Fermi offered companies racing to build data centers the two things they crave most: open land and an astonishing amount of power. The firm leased a site near Amarillo on which it planned to build power plants generating 17 gigawatts of electricity — three times the amount typically consumed by New York City. Hyperscalers could install their data centers on the site itself and tap directly into that power, which would come first from natural gas turbines and later from nuclear reactors . The pitch ticked so many boxes — artificial intelligence, nuclear energy, political connections — that some investors found it irresistible. Fermi went public in October worth more than $19 billion in market value, despite reporting no revenue or signed customers. Now, the startup’s board has fired its top executive, Toby Neugebauer, after months of negotiations failed to secure a single client. Chief Financial Officer Miles Everson left as well. Not one to go quietly, Neugebauer claimed he was removed without cause and called for an immediate sale of the company he co-founded with ex-governor Rick Perry, who also served as US secretary of energy during President Donald Trump’s first term. Fermi, in a filing Thursday , said Neugebauer was fired for conduct that violated his employment agreement as well as the company’s policies but did not give further details. The company also said he had been removed from the board of directors, after initially reporting that Neugebauer would remain on the board . Neugebauer, in response, called the board’s actions “completely misguided” and said he would continue trying to maximize value for the company’s shareholders. “As a co-founder and the largest shareholder who has yet to sell a single share, no one believes more in the future of what we built at Fermi than I,” he said Friday in a statement to Bloom...

US President Donald Trump said on Friday that he would increase the tariffs charged on cars and trucks from the European Union next week to 25 per cent, a move that could jolt the world economy at a fragile moment. Trump said in the post that the EU “is not complying with our fully agreed to Trade Deal”, though he did not flesh out his objections in the post. Trump and European Commission President Ursula von der Leyen had agreed to the trade deal last July. It set a 15 per cent tariff on most...

Hi everyone. Today we’re reporting on the future of Final Fantasy XIV , but first... This week’s top gaming news: Roblox Corp. shares tumbled following slow user growth amid new child safety measures Hasbro Inc.’s video-game employees are attempting to unionize A fierce competition has broken out in Hollywood over the movie rights for Electronic Arts Inc.’s Battlefield franchise Fantasy Fest Last Friday in Anaheim, California, I was sitting for breakfast at the hotel restaurant when I overheard two people introduce themselves to another pair. After exchanging names, one of them asked a question you wouldn’t normally hear at a Marriott buffet: “What class do you play?” They were in town for Final Fantasy XIV Fanfest, a convention dedicated to Square Enix Holdings Co.’s popular online role-playing game. More than 10,000 people attended the show, many dressed up in costumes based on characters from the game. Fans flew in to collect swag, hear the developers talk about the next expansion and discuss their favorite classes with likeminded players. (The answer: two paladins, a dragoon and a white mage.) After breakfast, I saw thousands of fans lining up outside the convention center for the opening keynote. Some were wearing long bunny ears fashioned after the game’s viera race, while others showed off in-jokes, like a couple wearing matching “He’s My Tank / She’s My Tank” t-shirts, a reference to the iconic character archetype. One person toward the front told me that he’d been waiting in line since 1 a.m. Fans applauded and craned their necks to spot Naoki Yoshida, the game’s producer and director, as he walked by with an entourage on his way into the convention center. Yoshida, often referred to by his nickname Yoshi-P, has become a mythical figure among Final Fantasy fans. When Final Fantasy XIV first launched in 2010, it was a complete disaster, panned for its glitches and tedious gameplay. Square Enix apologized, and Yoshida took the reins, helming a complete reboot...

Exclusive: Greater Manchester mayor said to have identified seats where MPs would step aside to allow leadership bid Andy Burnham has a credible plan to return to Westminster “within weeks”, his allies have said, with the Greater Manchester mayor expected to use a byelection fight to set out a new agenda for government. Burnham, who was blocked by Labour’s ruling body from running in February’s Gorton and Denton byelection , has identified several seats where MPs are prepared to step aside for his leadership bid. Continue reading...

Valve's new Steam Controller goes on sale on Monday for $99, and accessories-maker Mechanism will be ready . As far as we know, Mechanism's new Basegrip is the very first way to attach a Steam Controller to your phone - as well as Mechanism's lineup of accessories, including mounts for hanging handhelds and gamepads on the Ikea Skadis pegboard or just about anywhere else . The Steam Controller mount will go on sale the same day as the controller, since Valve gave Mechanism early access to the design. When the Basegrip is paired with Mechanism's phone mount , the company suggests that you can use the Steam Controller to remote-control your PC u … Read the full story at The Verge.