Frontier and Spirit merger would create the fifth-largest airline in the US

New York (CNN Business)JetBlue is going hostile in its effort to acquire Spirit (SAVE), the latest twist in an industry battle for the low-cost carrier. Spirit previously rejected a takeover offer from JetBlue (JBLU), favoring an earlier deal to merge with fellow budget airline Frontier. Now, JetBlue is appealing directly to Spirit’s shareholders, urging them to vote against the Frontier […]

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Buffett's Berkshire Hathaway buys even more Occidental shares

FOX Business Flash top headlines for May 12 Check out what’s clicking on FoxBusiness.com. Warren Buffett's Berkshire Hathaway has developed a taste for oil, specifically shares of Occidental Petroleum. Buffett's conglomerate has purchased even more shares of the company this month. GET FOX BUSINESS ON THE GO BY CLICKING HERE The latest purchase is more than 900,000 shares for about […]

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Why This Analyst Says Dump Credit Card Stocks Now

Many analysts believe that a recession is coming, or we are already in it. Evidence of this includes five consecutive weeks of losses for the S&P 500, as well as a drop in gross domestic product of 1.4% for the first quarter. While the prospect of a recession has many investors worried about where to put their cash, one Wall […]

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Richard Quest: 'The market is in deep dysfunction'

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business)As the recovery from the pandemic took off last year, everything investors touched turned to gold. The US stock market leaped […]

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From Bad to Worse and Then Some: Analysts Upgrade or Downgrade Domino\u2019s, iHeartMedia, Match Group, Virgin Galactic and More

Markets were absolutely crushed to start out the week with the Nasdaq facing the worst of it, down nearly 4%. The S&P 500 and Dow Jones were punished as well, down around 2.5% and 1.5%, respectively. This cataclysmic trading session was the function of geopolitical tensions coupled with inflationary concerns and rising interest rates. As investors have seen, the S&P […]

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Uber to cut spending, treat hiring as 'privilege'

Uber likely to see increased usage: Investment expert Evercore ISI senior managing director Mark Mahaney discusses Uber’s stock performance.  Uber CEO Dara Khosrowshahi said the company will cut costs following recent feedback from investors. "The least efficient marketing and incentive spend will be pulled back," Khosrowshahi said in an email to staff on Sunday. "We will treat hiring as a […]

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Battered U.S. stocks may not be bargains as investors brace for inflation data

Fox Business Flash top headlines for May 6 Check out what’s clicking on FoxBusiness.com. U.S. stocks' tumble this year is putting an increased focus on equity valuations as investors assess whether recently discounted shares are worth buying in the face of a hawkish Federal Reserve and widespread geopolitical uncertainty. With the benchmark S&P 500 index down 13.5% year-to-date, valuations stand […]

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