Key TakeawaysMeta unveiled a new artificial intelligence (AI) tool that can generate realistic videos with accompanying music from text inputs.Meta's Movie Gen is a direct competitor of OpenAI's Sora.Movie Gen isn't publicly available but the company said it's working toward a future release. Meta (META) unveiled a new artificial intelligence (AI) tool that can generate realistic videos with accompanying music from text inputs. Meta's Movie Gen can create new videos, edit existing ones, or adapt images into ...

Key TakeawaysExxonMobil said lower oil prices and refining margins will lower third quarter profit as compared to the second quarter.The company predicted that the change in prices would lower upstream earnings by $600 million to $1 billion, and the change in industry margins would do the same for energy products.ExxonMobil's stock price has basically mirrored the price of oil this year. ExxonMobil (XOM) warned that lower oil prices and refining margins will have a negative impact on third quarter results a ...

Key TakeawaysMeta shares hit a new record high Friday as investor optimism about the tech giant’s AI opportunities runs high. The relative strength index confirms bullish price momentum in the stock, but also warns of overbought conditions, opening the door to short-term profit taking.Investors should monitor key retracement levels around $535 and $480, while also monitoring chart-based bullish price targets at $700 and $790. Meta Platforms (META) shares hit another record high Friday as investors continue ...

Group 1 - Shares of discount airlines Frontier Group Holdings and JetBlue Airways surged following reports that Spirit Airlines is in discussions regarding a potential bankruptcy filing [1] - Spirit Airlines' shares plummeted 25% after the news, reaching an all-time low, while Frontier's shares increased by 21% and JetBlue's by 14% [1] - Spirit Airlines is reportedly negotiating with bondholders and creditors about a Chapter 11 filing, although such a filing is not expected to be imminent [1] - The airline has been struggling with losses and declining revenue due to increased competition from both low-cost and larger airlines [1] - Spirit Airlines previously attempted a $6.6 billion merger with Frontier in 2022, which failed, and a subsequent takeover by JetBlue also fell through due to regulatory antitrust challenges [1] - A spokesperson for Spirit Airlines indicated that the company is engaged in discussions with bondholders to address upcoming debt maturities, but did not provide further details [1] Group 2 - The news of Spirit Airlines' potential bankruptcy discussions positively impacted shares of major airlines such as American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines, which also saw increases [1]

KEY TAKEAWAYS Spirit Airlines shares are tumbling 40% in premarket trading Friday as the carrier reportedly is exploring a bankruptcy filing in the wake of its failed $3.8 billion merger with rival JetBlue Airways. According to The Wall Street Journal, the budget airline has been in talks with its bondholders over the terms of a chapter 11 filing. It also has been looking into restructuring its balance sheet as it grapples with billions of dollars of debt, the report said. Spirit Airlines (SAVE) shares are ...

Key TakeawaysStellantis reported U.S. sales slumped 20% year-over-year in the third quarter as all of its brands except Fiat posted declines.The automaker will continue to offer incentives begun in the beginning of the quarter through the rest of the year.Barclays analysts downgraded the stock, saying they see no sign of recovery until the first half of next year at the earliest. Stellantis (STLA) shares fell Thursday after the automaker's U.S. unit reported a big drop in sales as all but one of its brands ...

Core Insights - Constellation Brands reported mixed second-quarter results, with strong beer sales but a decline in wine and spirits sales [1][4] - The company’s diluted earnings per share for the second quarter of fiscal 2025 was $4.32, exceeding analyst estimates, while revenue increased by 2.9% to $2.92 billion, falling short of forecasts [2] - CEO Bill Newlands indicated that the beverage alcohol market is facing challenges due to the current macroeconomic environment [1][4] Beer Sales Performance - Sales of Modelo Especial, the top-selling beer in the U.S., increased by 5%, while Pacifico saw a significant surge of around 23%. However, sales of Corona Extra decreased by 3% [3] - Overall beer sales contributed positively to the company’s performance in the quarter [1] Wine and Spirits Sales Decline - Wine and spirits sales fell by 12% to $388.7 million, primarily due to a 9.8% decline in shipment volumes [4] - The company anticipates full-year net sales growth of 4% to 6%, with beer sales projected to rise by 6% to 8%, while wine and spirits sales are expected to decline by 4% to 6% [4]

Key TakeawaysTesla recalled more than 27,000 of its Cybertrucks because of a rearview camera issue. Federal regulators said that in some cases, the vehicle's backup camera didn't turn on in the allotted time after the driver put the Cybertruck in reverse.Tesla provided an over-the-air software fix to address the problem. Tesla (TSLA) is recalling more than 27,000 of its Cybertrucks because of a rearview camera issue. Shares lost ground Thursday, extending Wednesday's decline after the electric vehicle maker ...

Key TakeawaysStarbucks announced that it has added two Central American "innovation farms" to its coffee bean sourcing network.The farms, in Guatemala and Costa Rica, are part of Starbucks' plans to protect its supply chain from the growing effects of climate change, which can lead to increased prices for consumers.The coffee giant said it plans to invest in more farms in Africa and Asia in the future. Starbucks (SBUX) added to its efforts to protect its supply chain from the effects of climate change Thurs ...

Key TakeawaysNike shares fell in extended trading Tuesday after the apparel and equipment giant withdrew its full-year outlook and said it plans to postpone its upcoming investor day ahead of the company’s transition to a new CEO later this month.The stock has rallied more than 25% from the lower trendline of a falling wedge, though Wednesday’s projected earnings-driven selling threatens to derail the recent bullish price momentum.Investors should monitor key lower price levels on Nike's weekly chart around ...