Spirit Airlines is preparing for a dramatically smaller future as it works to emerge from its second bankruptcy in less than a year, outlining a restructuring plan that would significantly reduce its fleet, network, and overall cost base. In U.S. Bankruptcy Court on Tuesday, the often called “Greyhound of the Sky” said it has reached an agreement in principle with lenders that would provide additional liquidity and pave the way for an exit from Chapter 11 as early as late spring o...
Listen, I’m not saying prediction markets are gonna be the downfall of Western civilization. But when U.S. senators start drafting letters about contracts that “incentivize physical injury or death”… can we all take a breath and admit we may have wandered into “this probably shouldn’t have a ticker symbol” territory? Six Democratic senators just fired off a letter to the Commodity Futures Trading Commission essentially saying: Hey… m...
“Not all heroes wear capes…” - anyone whose ever thrown hands over a parking spot Uber once said that we’d never have to park again and now, they’re making good on that promise by… *checks notes*... buying a parking company. In short, Uber is acquiring SpotHero, an app that lets you reserve parking spots at 13,000+ garages and lots across the US and Canada. Philadelphia PD be like: (Source: Giphy) The deal, of course, is for an undisclo...
“Look how they massacred my boy” - boomers everywhere… Big Blue just took it lying down as shares cratered 13% yesterday… its single worst day since October 2000… because Skynet Anthropic published a blog post. More specifically, Anthropic boasted about helping companies modernize COBOL, the programming language your grandfather's bank has been running since Kennedy was in office. (Source: Giphy) From there, every Big Blue investors &...
Hey Alexa, define brick and mortar is dead… Well friends, it’s official… the retail Iron Throne has a new king and it smells like cardboard boxes and my wife's same-day delivery obsession. Andy Jassey just put the Walton’s on notice as Amazon passed Wally World in annual revenue for the first time ever, posting $716.9 billion to Walmart's $713.2 billion. A $3.7 billion gap for those who don't do math. However, for those calling this an&...
Supreme Court: I know you’re not used to being told “no,” but we’re putting an end to this tariff game you’ve been playing… Trump: Oh yeah? In that case, I’m going to “tariff” the rest of the world even harder… And just like that, we’re back in Tariff Season (almost like we never left). In case you haven’t heard… yesterday, the Supreme Court dropped a 6-3 anvil on Donald Trump’s “Liberation...
Berkshire Hathaway closed out Warren Buffett’s final quarter as CEO in familiar fashion… by selling more stocks than it bought. In the three months ended Dec. 31, Berkshire reduced several of its largest equity holdings, including Apple, Bank of America, and Amazon, according to its latest filing. The continued trimming of Apple stands out. Berkshire has now sold shares of the iPhone maker in seven of the past nine quarters, cutting its stake by more than 75% since the summer...
I’ve got this rule (and it’s probably more psychological than strategic) but anytime we get a big, ugly, “blood in the streets” kind of red day… I buy the f***ing dip like my life depends on it. Partly because there’s usually a silver lining hiding somewhere in the rubble. And partly because smashing the “buy” button feels healthier than stress-eating and doom-scrolling Fed speeches at 11:47 p.m. So if we’re choosing to view this throu...
Someone get Donnie Politics on the phone and tell him I’m absolutely tired of winning… if that’s what this is… Because the Bureau of Economic Analysis just dropped Q4 GDP and… whew. It sure looks a lot like the White House is operating on “concepts of a plan.” The U.S. economy grew at an annualized rate of 1.4% in the fourth quarter of 2025, well below the 2.5% to 2.9% economists were expecting. For context, Q3 was humming along at 4.4%, and...
Shares of Grail (NASDAQ: GRAL) declined sharply (-50%) Friday after the company reported that its NHS-Galleri trial did not achieve its primary endpoint of a statistically significant reduction in combined Stage III and Stage IV cancer diagnoses. The study, conducted within England’s National Health Service, was designed to demonstrate a measurable decline in late-stage cancers among participants receiving the Galleri multi-cancer early detection test. The company said the primary endpo...
It’s called diversification… look it up… The man, the myth, the lizard (allegedly), Mark Zuckerberg wants everyone to know he’s down to Zucc… if you just so happen to sell his favorite flavor of chips. Last week, he looked at Nvidia and said, “Don’t be shy… give me the bulk discount,” before committing to millions of GPUs for their lofty data center buildout (coming soon to a rural area near you). And based on today’s n...
I’ve got this rule (and it’s probably more psychological than strategic) but anytime we get a big, ugly, “blood in the streets” kind of red day… I buy the f***ing dip like my life depends on it. Partly because there’s usually a silver lining hiding somewhere in the rubble. And partly because smashing the “buy” button feels healthier than stress-eating and doom-scrolling Fed speeches at 11:47 p.m. So if we’re choosing to view this throu...
One pen to rule them all… Pour one out for Novo Nordisk, because Eli Lilly just dropped a Kendrick Lamar level diss track in the form of the Zepbound KwikPen…. a single pen that holds a full month of doses instead of making patients swap out a new auto-injector every week like they're reloading a Pez dispenser. Four shots, one device. FDA-approved label expansion and everything. Mic = dropped. (Source: Giphy) In short, prices for this diabeetus ki...
Takeover talk around PayPal is starting to pick up after a bruising year for the stock left the once-dominant payments pioneer trading at a steep discount to where it stood just 12 months ago. According to reports, PayPal has fielded meetings with banks following unsolicited interest from potential buyers. One large rival has looked at the possibility of acquiring the entire company, while other suitors are said to be evaluating specific assets rather than the full business. To be clear, n...
Bad news for every insufferable consultant who claims AI is completely useless and that they can double their clients revenue (despite not lifting a single finger to actually help the business)... Sam Altman just opened Pandora’s box. OpenAI is locking arms with Accenture, Boston Consulting Group, Capgemini, and McKinsey & Company in what it’s calling the “Frontier Alliances.” Translation? The lab that gave the world ChatGPT is done playing around with...
“You sit on a throne of lies” - Jensen Huang, probably About five months ago, Sam Altman had every OpenAI seed investor pounding nose beers after he stood in front of the world and said OpenAI was going to spend $1.4 trillion on infrastructure (read: Nvidia chips) by 2030. Fast forward today, and it appears @sama lied out of his a$$. (Source: Giphy) In short, out goes the $1.4 trillion number and in comes the new $600 billion number. For those keeping score a...
Comparison is the thief of joy… and for Novo Nordisk it also happens to be the thief of shareholder money… If you’re one of those unlucky people who’s always being compared to your trophy brother (or sister) every minute of the day growing up… then you might belong in a therapy session with the company that got Meghan Trainor to forget about “all that bass” and turn into a twig (read: Ozempic). (Source: Hindustan Times) While you were likel...
President Donald Trump called on Netflix (NASDAQ: NFLX) to remove board member Susan Rice, saying the company should “pay the consequences” if it does not, as the U.S. Department of Justice reviews the company’s proposed acquisition of Warner Bros. Discovery (NASDAQ: WBD). In a post on Truth Social late Saturday, Trump criticized Rice, describing her as politically aligned with Democratic administrations and questioning her role at the company. Rice previously served as dome...
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