Alaska Airlines acquired Virgin America for $2.6 billion in 2016 primarily to block JetBlue from winning the bid and expanding on the West Coast. Despite Virgin America being one of America's most beloved airline brands, Alaska retired it within two years to streamline operations, cut costs, and strengthen its own brand identity.
Morgan Stanley analyst Adam Jonas maintains a $300 price target on SpaceX, arguing the current selloff has driven the stock to levels where investors are assigning zero or negative value to its AI business. The stock has plunged 18% below its $135 IPO price, hitting $110.85, despite successful Starship test flights.
Chinese chipmaker ChangXin Memory Technologies (CXMT) surged 466% on its Shanghai STAR Market debut, reaching a $484 billion market capitalization and becoming China's most valuable listed company. The IPO raised $8.6 billion, making it Asia's largest offering this year. CXMT's 7.67% global DRAM market share positions it as the fourth-largest player behind Samsung, SK Hynix, and Micron.
Apple has overtaken Nvidia to become the world's most valuable company, with a market capitalization of $4.93 trillion compared to Nvidia's $4.78 trillion. Nvidia's stock fell nearly 5% amid growing investor skepticism about massive AI infrastructure spending and circular financing concerns, while Apple's shares rose 1% to a new all-time high.
Cracker Barrel CEO Julie Masino is stepping down after just one year, following a controversial rebrand that sparked national backlash and financial struggles. The company's attempt to modernize its logo and store interiors alienated loyal customers and drew criticism from President Trump, forcing a rapid reversal.
The Massachusetts Lottery has gone digital with the launch of Mass. Lottery Online, offering players 21+ the ability to buy tickets and play eInstant games, Powerball, Mega Millions, and new daily games from mobile devices. Revenue will fund early childhood education, with first-year profits projected at $70 million. Responsible play tools are built in, while retail-only games like Keno remain in stores.
Edgar Berlanga and Steven Butler delivered exactly the kind of mayhem Zuffa Boxing promised when it brought its first New York fight card to The Theater at Madison Square Garden. Berlanga recovers from early disaster to stop Butler in seven-round war at Madison Square Garden; Richardson Hitchins cruises in welterweight debut.
South Korean girl group IVE made a memorable appearance Sunday at the New York Mets' home game against the Los Angeles Dodgers, with member Jang Won-young stealing the spotlight with a ceremonial first pitch that quickly captured fans' attention.
Former Indianapolis Colts star Daniel Adongo sent back to Kenya after visa overstay, criminal convictions, and mental health struggles.
Stephen Curry is coming to terms with LeBron James choosing Philadelphia over the Warriors. For the first time in his legendary career, the foundation beneath Stephen Curry and the Golden State Warriors appears to have cracked.