Spirit starts monthslong process of dismantling airline after biggest collapse in a generation
Spirit Airlines was back in bankruptcy court to start dismantling the airline.
Stocks making the biggest moves midday: Shopify, Advanced Micro Devices, PayPal, Intel, Coinbase & more
Here are the stocks making headlines in midday trading.
SEC advances Trump-backed proposal to end mandatory quarterly earnings reports
The SEC formally proposed a rule change that would allow companies to file semiannual reports on a new form, 10-S, in place of the traditional quarterly10-Qs
Intel soars 14% on report of Apple chip talks, hits new all-time high
The jump comes on reports that Apple is discussing using Intel chips for its U.S. devices and follows a historic 114% surge last month.
Trump admin moves further into AI oversight, will test Google, Microsoft and xAI models
The White House is also considering a new AI working group that would explore potential oversight and vet models before release, CNBC confirmed.
Central banks risk a recession by raising rates to tackle Iran oil shock, strategist warns
Central banks are widely expected to raise interest rates in a bid to temper soaring energy prices.
Michael Burry sells GameStop after Ryan Cohen’s hefty eBay bid: ‘Never confuse debt for creativity’
The “Big Short” investor said the proposed deal’s enormous leverage shattered the investment case he had been building.
Swedish private equity firm EQT sweetens Intertek bid to $12 billion
This is the third offer in three weeks EQT has made for Intertek after the British company turned down an initial 51.50 pound per-share proposal.
India’s Modi tightens political grip with historic state victory — but can it usher in reforms and draw investors?
The victory of Indian Prime Minister Narendra Modi’s political party in state polls dispels worries about his waning popularity, analysts said.
