Southwest Airlines (LUV)’ management is making a case to stay in charge during its investor day Thursday, and one facet of its plan has the company’s shares surging more than 10%. Under pressure from an activist investor, the carrier authorized $2.5 billion in stock buybacks.
Shares of Trump Media & Technology Group spiked more than 7% Wednesday morning, reversing course after weeks of free-falling that saw the media company’s stock sink to new low after new low.
As top tech firms spend billions to develop and deploy generative artificial intelligence, the market for those products and services could reach almost $1 trillion in three years, according to a new report.