Streetbeat News

Bankruptcy

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SPY

Spirit Airlines is considering bankruptcy, which could significantly impact its operations and stock price. Meanwhile, the September unemployment rate and nonfarm payrolls data show strong economic indicators. A dockworker strike has been suspended following a tentative offer.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:39 pm

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Frontier Group Holdings shares are rising as Spirit Airlines considers bankruptcy, potentially reducing competition and increasing Frontier's passenger numbers.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 1:20 pm

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Spirit Airlines is considering bankruptcy, causing a 44% drop in shares. Beneficient's shares rose 64% after redesignating $126 million of preferred equity as non-redeemable. Rivian's shares fell 9% due to lowered production guidance from supply shortages.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 12:12 pm

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JetBlue Airways shares rise as Sprint Airlines considers bankruptcy, following a blocked merger earlier this year.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 12:07 pm

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Spirit Airlines shares are declining due to reports that the company is considering filing for bankruptcy.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 12:00 pm

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Spirit Airlines' stock plummeted over 40% due to bankruptcy discussions with bondholders. The airline is considering a Chapter 11 filing to manage its $3.3 billion debt. JetBlue's stock rose by 5.16% following the news.

Portfolio Pulse from Benzinga Neuro

October 04, 2024 | 11:25 am

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NVDA

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US stocks are on edge as traders await the crucial jobs report. AI stocks received a boost from OpenAI's funding and Nvidia's strong demand for new chips. Spirit Airlines is exploring bankruptcy after a failed merger with JetBlue, which saw its stock rise. The SPDR S&P 500 ETF and Invesco QQQ ETF showed gains in premarket trading.

Portfolio Pulse from Shanthi Rexaline

October 04, 2024 | 10:20 am

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PEV

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Phoenix Motor Inc. (NASDAQ:PEV) shares surged 150.2% in pre-market trading after reporting a significant year-over-year increase in first-quarter financial results, with adjusted earnings of 44 cents per share and a 427.79% increase in sales. Other stocks also showed notable pre-market movements, including Vicinity Motor Corp, Biodesix, and Spirit Airlines, which is reportedly discussing potential bankruptcy.

Portfolio Pulse from Avi Kapoor

October 04, 2024 | 9:49 am

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META

PLTR

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TSLA

On Thursday, U.S. markets saw losses, but several stocks gained attention. Palantir rose due to a strategic partnership and insider selling completion. Amazon fell as it plans to increase ads on Prime Video. Meta rose with increased payouts to content creators. Spirit Airlines dipped amid bankruptcy talks. Tesla fell despite growth in deliveries.

Portfolio Pulse from Benzinga Neuro

October 04, 2024 | 2:29 am

JBLU

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Spirit Airlines is in talks with bondholders about a potential bankruptcy filing due to financial struggles, including a $3.3 billion debt load. The airline is considering Chapter 11 and restructuring options after a failed merger with JetBlue. Spirit's stock has plummeted, while JetBlue's stock has seen gains.

Portfolio Pulse from Benzinga Neuro

October 04, 2024 | 2:15 am