BREAKING: ๐จ Spirit Airlines is preparing to shut down after a $500 million government bailout fell apart, per WSJ
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JUST IN: ๐บ๐ธ US government made $40 billion profit on Intel stock.
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JUST IN: ๐บ๐ธ US national debt surpasses size of entire United States GDP.
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๐บ๐ธ Trump says that the US will be taking over Cuba 'almost immediately'.
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๐ S&P 500 closes at new record high, has added over $8 trillion in market value over past month.
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๐บ๐ธ "The unemployment rate is low. The stock market is high. Consumer spending is healthy. But ask Americans how theyโre doing, and youโd think we were in a recession," per WSJ.
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JUST IN: ๐บ๐ธ๐ฎ๐ท President Trump says the US will not leave Iran early and allow the same problem to happen again
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JUST IN: ๐ GameStop $GME is preparing an offer to acquire $EBAY, WSJ reports.
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JUST IN: โ๏ธ Spirit Airlines officially shuts down.
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๐จ๐จ Tech companies announced 81,747 layoffs in Q1 2026, the highest quarterly total since at least Q1 2024.
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๐จ๐ณ China says it does not recognize U.S. sanctions on Iranian oil purchases and will not comply with them.
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๐ Berkshire Hathaway is now sitting on a staggering $397 Billion in Cash, enough to buy 479 companies in the S&P 500.
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๐ OPEC+ will raise oil output targets by 188,000 barrels per day starting in June, according to a draft statement.
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๐ Key Events This Week:
1. March JOLTS Job Openings data - Tuesday
2. April ISM Non-Manufacturing PMI data - Tuesday
3. April ADP Nonfarm Employment data - Wednesday
4. April Jobs Report - Friday
5. Total of 11 Fed speaker events this week
6. ~20% of S&P 500 companies report earnings
1. March JOLTS Job Openings data - Tuesday
2. April ISM Non-Manufacturing PMI data - Tuesday
3. April ADP Nonfarm Employment data - Wednesday
4. April Jobs Report - Friday
5. Total of 11 Fed speaker events this week
6. ~20% of S&P 500 companies report earnings
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๐บ๐ธ Treasury Secretary Bessent says Americans should be concerned about AI hacking their bank accounts.
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๐ฆ๐ช UAE oil giant ADNOC to invest $55 billion in new projects by 2028.
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๐บ๐ธ Trump on Iran proposal: Itโs not acceptable to me. Iโve studied it, Iโve studied everything โ itโs not acceptable.
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๐ต๐ญ Philippine Peso has fallen to an all-time low against the U.S. Dollar.
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๐จ๐จ Stock Market could plunge 30% this year warns Legendary Economist Gary Shilling.
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