American airlines have spent years competing on service. Delta built its reputation on being the premium option in the domestic market. Now it is quietly pulling back one of the small things that signaled that premium experience on certain routes. Delta has eliminated complimentary snacks and beverages on all flights under 350 miles in Delta
Markets have one mechanism for handling talk. It is called the open. A chief executive can say anything on a Sunday. The price of that sentence gets set the moment somebody can act on it, and not one minute earlier. That mechanism has been working overtime for three years. Artificial intelligence (AI) has produced more
Ciena (CIEN) just delivered one of its strongest quarters ever. Then the stock fell hard anyway. That contrast has left many investors unsure of what to do next. Citigroup has now stepped in with a call that stands out from other analysts, pointing to a much higher share price. Here is what the bank sees,
A $40 billion institutional trade cycles through Vanguard’s S&P 500 exchange-traded fund (VOO) every quarter, affecting retirement account holdings, Bloomberg reported. Foreign institutions are behind the quarterly movement, exploiting a scheduling gap between VOO and BlackRock’s iShares Core S&P 500 ETF (IVV) to sidestep U.S. dividend taxes. The two funds track the same index and
Michael Burry is famous for making bets that look strange before they look obvious. His latest one may be his most personal. The investor most famous for forecasting the collapse of the U.S. housing market says he has boosted his position in Birkenstock Holding (BIRK) to 5.2%, placing a big bet on over four decades
The last time Audi, a subsidiary of Volkswagen Group (VWAGY), tried to build the smartest small car in Europe, it lost money doing it. The original A2, launched in 1999, wore an all-aluminum body, and one diesel version burned just three liters of fuel per 100 kilometers, a feat Audi’s own anniversary retrospective still calls
Nvidia (NVDA) built its artificial intelligence empire by selling the chips that companies need to train and run increasingly powerful AI models. Now CEO Jensen Huang is spending almost $13 billion to position Nvidia where millions of developers find, build, and deploy those models. One of Nvidia’s largest acquisitions, Hugging Face cost $12.93 billion. Hugging
The Walt Disney Company is pulling back from another part of its business, marking a significant change for customers in several markets. The move follows years of changes to Disney’s retail footprint, including the closure of hundreds of physical stores and a greater emphasis on other ways of selling its merchandise. Now, another piece of
Technology exchange-traded funds climbed through August 2026, yet investors steadily pulled money from the sector. Financial-sector funds extended their three-month run of outperformance, but also saw persistent outflows throughout August. The selling was consistent and clearly targeted, spanning nearly every trading day across two of the market’s most popular fund categories. Those two sectors lost
Global bond yields moved higher as tensions in the Strait of Hormuz flared up. That is creating some anxiety on Wall Street, especially with investors already worried about whether higher yields could pressure stocks. There is a theory that investors will leave the stock market to buy bonds. But consider the iShares 20+ Year Treasury