Author: boursewatch

Spirit Airlines Inc.’s stock SAVE, +0.82% fell 6% early Monday, after the discount carrier posted a wider-than-expected first-quarter loss as it refocuses on its future as a standalone company following the ending of its planned merger with JetBlue Airways Corp. JBLU, +0.52% in March. Dani Beach, Florida-based Spirit had a net loss of $142.6 million, or $1.30 a share, for the quarter, wider than the loss of $103.9 million, or 95 cents a share, posted in the year-earlier period. The airline’s adjusted per-share loss came to $1.46, wider than the $1.45 FactSet consensus. Revenue rose 0.7% to $1.47 billion from…

Indications of a potential slowdown in hiring hint that the April employment report might not be as strong, although Wall Street remains optimistic. Experts are forecasting another significant surge after substantial growth in the initial quarter of the year. Keep an eye out for the upcoming U.S. jobs report set to be released on Friday morning. The weather prediction It is anticipated that the economy will see a growth of 240,000 jobs in the month of April. Despite the historical significance of this increase, it would still be the smallest gain in five months. Since December, the economy has been…

This functionality is made possible by the use of text-to-speech technology. Interested in seeing it featured in additional articles?Please provide your feedback below or send an email to audiofeedback@marketwatch.com. According to the New York Times, Paramount Global has entered into negotiations with a buyout group led by Sony Pictures Entertainment and Apollo Global Management. This comes after the exclusive negotiating window with Skydance ended on Friday. According to sources familiar with the matter, a special committee of Paramount’s board of directors has approved the new talks. Last week, there were reports that the Sony group submitted a cash offer of…

According to a recent Gallup poll, a significant number of U.S. adults reported that they or a family member had to postpone medical care in the past year because of concerns about affordability. In 2022, a significant increase of 12 percentage points was observed in the number of Americans who chose to forgo treatment due to financial concerns. This figure is twice as high as the percentage reported in 2001, a time when the Affordable Care Act had not yet been implemented to reduce the number of uninsured individuals in the country. This marks the highest percentage ever recorded in…

According to a recent series of blog posts by researchers at the Federal Reserve Bank of New York, individuals residing in rural areas were disproportionately affected by the surge in consumer prices during the early stages of the pandemic. In February 2022, their inflation rate exceeded that of urban households by 2 percentage points. According to the analyses conducted by researchers at the New York Fed, the difference can mainly be explained by individuals in more isolated areas of the United States allocating a greater portion of their expenses to transportation. This sector was greatly affected by the surge in…

Tesla stock experienced a rise on Monday following a weekend filled with significant developments. Tesla has introduced a new version of its Model Y, offering an extended range of approximately 320 miles per charge. This replaces the previous model that provided a range of around 260 miles per charge. The starting price for the long-range version is approximately $45,000. The base model was priced at approximately $43,000. Tesla’s stock saw a modest increase of 1.1% to $183.12 in premarket trading, while the futures for both the S&P 500 and Nasdaq Composite also showed a slight uptick of 0.2%. Last week,…

In the city of Stockholm,Volvo Car reported a significant boost in sales for April, thanks to the success of its new fully electric small sport-utility vehicle and a strong performance in Europe. The company experienced a 27% increase in sales compared to the previous year. Volvo, a Swedish automaker majority owned by China’s Zhejiang Geely Holding Group, announced on Monday that it sold 65,838 cars in April. This marks an increase from the 51,976 cars sold in the same month last year. “We are pleased with the progress we have made in our retail sales growth for the full year…

Lamborghini is embracing electrification. Not fully electric, mind you. And not for efficiency’s sake, either. Instead, I’m talking about wild power for a wild ride. Meet the 2025 Lamborghini Urus SE, a plug-in hybrid-powered super SUV. How amazing? What do you think about 789 horsepower and 701 lb-ft of torque? Impressive, actually, as the majority of that power is derived from a twin-turbocharged 4.0-liter V8 engine. A portion of the power is provided by an electric motor that is seamlessly integrated into the 8-speed automatic gearbox. The Urus SE from Lamborghini boasts an impressive pure EV driving range of up to 37…

Luminar Technologies Inc. saw a decline of over 9% in its shares during extended trading on Friday. The company, known for its production of lidar and other sensors for self-driving vehicles, announced a workforce reduction of 20% as part of its restructuring plan. Luminar LAZR stated that Friday’s announcement was in line with its previous commitments made during the fourth-quarter earnings report in February. The company stated in a regulatory filing that the layoffs are part of an effort to realign its workforce with its top priorities and core competencies. Additionally, the layoffs aim to eliminate redundancies and reduce operating…

Hospital chain Steward Health Care, a tenant of publicly traded Medical Properties Trust, said it’s filing for bankruptcy protection. Steward, the largest U.S. physician-owned system, said it’s finalizing the terms of debtor-in-possession financing from Medical Properties Trust for initial funding of $75 million and up to an additional $225 million upon the satisfaction of certain conditions acceptable to Medical Properties Trust. Medical Properties Trust MPW, +0.62% sunk 10% in premarket trade. The concern over Steward’s situation and its difficulty in paying rent has dogged the company, whose stock is down 52% from its July highs but is up 67% from…