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North America
Yahoo Finance

Nasdaq, S&P 500, Dow Futures Fall After Trump Directs Strikes ‘To Hold Iranian Forces Accountable’: NVDA, SLS, MRK, SKHYV, QS Stocks In Focus

U.S. stock futures declined in the overnight session late Sunday after the country’s military launched fresh strikes against Iran following the closure of the Strait of Hormuz once again. The Dow futures were down 0.26%, S&P 500 futures declined 0.34%, and Nasdaq 100 futures fell 0.72% at 9:00 PM EDT. The iShares 20+ Year Treasury Bond ETF (TLT) was down 0.28% amid ‘extremely bearish’ sentiment. All three benchmark indexes closed higher on Friday, with the S&P 500 leading gains to close 0.42% up. Meanwhile, the Dow Jones Industrial Average and Nasdaq Composite gained 0.29% each at the end of the session. The S&P 500 and Nasdaq indexes also ended the week higher, gaining 1.23% and 0.29% respectively. The Dow was down 0.5% for the week. U.S. stock futures are declining ahead of Monday’s open as fresh conflict with Iran has raised concerns among investors. The U.S. Central Command said in a post on X late Sunday that it had launched strikes against Iran following disruptions in the Strait of Hormuz. “At 5 p.m. ET today, U.S. Central Command forces began launching more strikes against Iran to continue degrading their ability to attack civilian mariners and commercial ships freely transiting the Strait of Hormuz. The Commander in Chief has directed the strikes to hold Iranian forces accountable,” it said. “Once conditions stabilize and normalcy returns, applications will be processed sequentially and clearances will be granted accordingly,” it added. U.S. President Donald Trump, however, challenged that assertion, saying that the strategically important shipping route remained open to commercial traffic. Meanwhile, several media reports alleged last week that Iran was plotting to assassinate Trump, based on intelligence from Israel. In a post on X, Iran’s former Supreme Leader Ayatollah Ali Khamenei’s son, Mojtaba Khamenei, vowed to seek revenge for those killed in U.S. strikes in the country earlier this year. “We pledge to avenge your pure blood and the blood of all the martyrs of these two [recent] wars by taking revenge against the criminal, disgraceful murderers. This vengeance is what our nation is demanding, and this must definitely be done,” he said. In response, Trump said that the U.S. was ready to “decimate” Iran if the allegations were true. In a post on Truth Social, the president said, “1000 Missiles are Locked and Loaded and aimed at the Islamic Republic of Iran, with thousands of more to immediately follow, should the Iranian Government act on its threat, pronounced in many corners of the Globe, to assassinate, or attempt to assassinate, the sitting President of the United States of America, in this case, ME!”

Nasdaq, S&P 500, Dow Futures Fall After Trump Directs Strikes ‘To Hold Iranian Forces Accountable’: NVDA, SLS, MRK, SKHYV, QS Stocks In Focus
Asia
The Hindu BusinessLine

Climate risk, El Niño and rural credit: Rethinking financial resilience for farmers

Climate change is no longer only an agricultural challenge. It is increasingly a financial challenge, shaping how rural households earn, borrow, save and recover from economic shocks. The southwest monsoon has progressed across India, yet rainfall remains uneven in several regions, affecting the kharif sowing season. El Niño is among the weather factors that can influence monsoon rains in India, though its effects vary by region and other climatic conditions. For farmers, the immediate concern is uncertainty. When rains are delayed or erratic after sowing begins, already stretched household cash flows come under additional pressure. As of early July, kharif sowing stood around 20 per cent below last year’s pace, with oilseeds (down 21%), cotton and pulses (down over 20 per cent) among the worst-affected crops, although the gap narrowed during the first half of the month. Delayed rains, uneven rainfall or prolonged dry spells often force small farmers to re-sow, spend more on irrigation or change crops. These additional costs increase the financial burden on households, making it harder to manage daily expenses and meet loan repayments. While the all-India rainfall deficit narrowed from over 40 per cent in late June to 18 per cent within a fortnight, East and Northeast India continued to record a 37 per cent deficit, with forecasts pointing to further dry spells across central and southern India. Recovery at the national level can thus mask sustained stress at the regional and district levels. Agriculture may not be every rural household’s only source of income, but it often remains the principal one. A weak monsoon affects not only farm output but also spending on food, healthcare, education and the next cultivation cycle. It can also push households towards higher-cost informal borrowing simply to manage existing financial obligations. This places greater emphasis on how rural finance is designed. The issue is no longer just access to credit, but access to credit that reflects the realities of rural livelihoods. Lending decisions must consider local harvest cycles, weather conditions, seasonal expenses and the fact that many households depend on multiple income sources rather than farming alone. Local conditions matter just as much. An irrigated farmer faces different risks from one who relies entirely on rainfall. Likewise, households with diversified livelihoods through livestock, wage labour or small enterprises are often better placed to withstand climate shocks than those dependent on a single crop. Irrigation coverage varies widely across regions, from below 20% in tribal and dryland belts to above 80–90% in well-irrigated plains districts, making it a strong indicator of repayment capacity. Such insights can help lenders structure more suitable products and anticipate periods of financial stress. During weather-related disruptions, timely finance becomes essential. If farmers need to re-sow or invest in irrigation, quick access to formal credit can help protect the cultivation cycle. Repayment schedules that reflect seasonal income patterns are equally important, preventing temporary disruptions from becoming long-term debt problems. Credit alone cannot create financial resilience. Rural households also need savings to manage lean periods, insurance that provides timely protection against climate-related risks, and long-term savings and pension products that strengthen financial security beyond seasonal earnings. Financial inclusion must, therefore, move beyond expanding access towards improving financial health and reducing dependence on expensive informal finance. Climate uncertainty is now part of rural life. Farmers need finance that not only funds the next crop cycle but also helps them manage the uncertainty surrounding it. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Climate risk, El Niño and rural credit: Rethinking financial resilience for farmers
Asia
The Hindu BusinessLine

Tulsian, Asit C Mehta, ICICI Pru, Green Lantern, Sundaram: Here’s how top PMSes delivered alpha to investors

Portfolio Management Services or PMS managers have greater freedom to run concentrated portfolios, although sustained benchmark outperformance has varied across strategies. A bl.portfolio analysis of 554 active PMS strategies shows that category-average returns beat the relevant benchmarks in three of the six equity categories examined over five years. Mid-cap stood out as a challenging segment, as no strategy in the sample managed to surpass the Nifty Midcap 150 TRI. Multi- & Flexi-cap was the standout, with both the category average and about 2 out of 3 strategies in the sample beating the respective benchmark. The wide gap between category averages and the best-performing managers carries a second message. PMS investing is primarily a manager-selection decision, not merely a choice between large-cap, mid-cap or small-cap strategies. A concentrated portfolio can produce exceptional alpha when the manager is right, but it can magnify stock-specific losses, drawdowns and tax costs when the calls go wrong. As of June 2026, India had 530 SEBI-registered portfolio managers. The industry served about 2.2 lakh investors and managed ₹8.9 lakh crore (excluding EPFO assets) across discretionary, non-discretionary and advisory portfolios. This is a broad industry figure, covering different client segments and mandates. For individual investors, the entry threshold remains substantial, with the minimum investment in a PMS being ₹50 lakh. The Association of Portfolio Managers in India (APMI) lists about 1,570 PMS strategies, including active and inactive offerings. This bl.portfolio analysis uses PMSBazaar data covering 554 active model portfolios or primary strategies across 15 categories. Equity strategies were assessed on five-year returns ended June 30, 2026. Debt, multi-asset, MF-PMS and arbitrage strategies were ranked on three-year returns because only a few offerings in these segments had a five-year track record. Performance is reported using the Time-Weighted Rate of Return (TWRR), which is designed to separate the manager’s investment performance from the timing of client cash flows. Category averages are calculated using a simple average. The findings should be read as a snapshot of the active strategies represented in the database, not as a census of the entire PMS market. Inactive or discontinued strategies are outside the sample. The number of qualifying strategies also differs across categories. Category labels may reflect a strategy’s mandate even when its current portfolio has moved materially away from that label. Published performance is net of management fees. Investor-level capital-gains tax is not captured by TWRR. Before we delve deep into PMS performance, investors should understand three important things. One, the total cost of investing may go beyond the headline management fee. PMS providers commonly use one of three fee structures: Fixed, performance-linked or hybrid. Fixed annual fees generally range from 0.25 per cent to 2.5 per cent of the portfolio value. A performance-fee structure pays the manager a share of gains above a pre-defined hurdle rate. A hybrid structure combines a fixed charge with an incentive fee. The quoted fee is not necessarily the investor’s full cost. Brokerage, custody, audit, demat, fund-accounting and other operating charges may also apply, along with GST on applicable fees. Under a performance-fee arrangement, investors should examine the hurdle rate, the high-water-mark provision, catch-up clauses and the conditions under which the fee calculation resets. Two, portfolio churn can create tax even without a withdrawal. In an equity mutual fund, purchases and sales undertaken within the scheme do not create an immediate tax liability for individual unitholders. Tax generally arises when the investor redeems units. In a PMS, securities are bought and sold in the client’s own account. Portfolio churn can, therefore, crystallise short- or long-term capital gains even when the client has not withdrawn money. Brokerage and transaction charges are also borne at the client-account level. Two strategies reporting similar pre-tax returns can consequently deliver different post-tax outcomes, depending on turnover, the holding period of realised gains and the investor’s own cash-flow pattern. Three, flexibility creates opportunity and concentration risk. Mutual funds operate within standardised category rules. A large-cap mutual fund, for instance, must invest at least 80 per cent of its assets in the top 100 companies and cannot invest more than 10 per cent of the scheme’s corpus in a single stock. PMS managers have greater freedom to build concentrated portfolios, with some strategies allocating 20-30 per cent to one company and holding only 10-25 stocks. That flexibility can help a skilled manager express high-conviction ideas and avoid benchmark-like portfolios. But it also makes outcomes more dependent on a small number of decisions.

Tulsian, Asit C Mehta, ICICI Pru, Green Lantern, Sundaram: Here’s how top PMSes delivered alpha to investors
Asia-Pacific
The Straits Times

How PayPal went from Wall Street favourite to unwilling merger target

The company synonymous with digital payments got a $68 billion offer to be taken private by upstart rival Stripe and buyout shop Advent International. Five years ago, PayPal was a Wall Street favourite and a leader in digital payments. Since then, the stock has plunged, Apple Pay dominates payment services in the US, and PayPal is facing a takeover bid it does not like. What happens next? The company synonymous with digital payments this past week got a US$53 billion (S$68 billion) offer to be taken private by upstart rival Stripe and buyout shop Advent International. PayPal’s board is discussing the bid but believes US$60.50 a share is not enough, people familiar with the company said. It is a comedown for a company that helped to pioneer e-commerce and e-mail-based payments, launching the careers of tech titans Elon Musk and Peter Thiel in the process. Founded in 1998, the San Jose, California, firm was acquired by eBay in 2002 and spun off as an independent company in 2015. Continued growth pushed its market value as high as US$360 billion in 2021. But since then, its growth has slowed and competition intensified, while multiple attempts in recent years to jump-start its business have borne little fruit. Dealmakers are now weighing the value of PayPal’s sprawling payments ecosystem, from its 400 million-plus consumer accounts to its merchant checkout business, raising the question of whether the company is worth more as a single entity or as a collection of assets, such as the Venmo peer-to-peer payment app, that could be sold off in pieces. In February, when the company named a new chief executive, it acknowledged a need to address its position relative to competitors and within the broader industry landscape. “While some progress has been made in a number of areas over the last two years, the pace of change and execution was not in line with the board’s expectations,” it said in a statement. Enrique Lores, who took over as CEO in March, has not commented on whether PayPal would pursue a sale. While bigger rivals such as Apple, Google and Samsung and upstarts including Stripe and Affirm relentlessly rolled out new ways for consumers and businesses to pay for goods and services, analysts say PayPal was slow to explore opportunities in digital banking and commerce, or to offer fresh options when more people were using their phones to pay. “Why bother becoming a digital bank if you can just be the world’s biggest checkout button?” said Dan Dolev, senior analyst at Mizuho. “I think it was too easy to drink the honey straight from the checkout jar.” Investors and industry executives are frustrated with PayPal’s performance, said one source familiar with the company’s deliberations. PayPal started before the iPhone even existed, but in 2025, Apple Pay’s US market share exceeded PayPal’s by 10 percentage points, according to PYMNTS Intelligence, a research company.

How PayPal went from Wall Street favourite to unwilling merger target
North America
CNBC Finance

Jamie Dimon says AI has helped JPMorgan cut up to 40% of jobs in certain roles: Live updates

This is CNBC's live coverage of bank earnings reports for JPMorgan, Bank of America, Goldman Sachs, Wells Fargo and Citigroup. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs all reported earnings Tuesday that beat expectations. Three CEOs weighed in on the state of the consumer and discussed how they're thinking about artificial intelligence. JPMorgan CEO Jamie Dimon said all of the company's major businesses posted record revenue last quarter. He added that the "U.S. economy has demonstrated notable resiliency this year, with stronger business investment and hiring." Dimon said artificial intelligence has helped the bank cut up to 40% of jobs in certain roles, though he noted that most of those people were offered positions elsewhere in the company. Bank of America CEO Brian Moynihan, meanwhile, said it was one of the strongest quarters to date for his company. "Every business segment reported double digit net income growth and strong returns on equity," he said. He told CNBC that it's up to management teams to mitigate the impact from AI job losses. Goldman Sachs CEO David Solomon said the bank's deals backlog is at the highest level in five years, which bodes well for revenue in future quarters. Solomon also said he sees AI as a transformational technology that enhances talent rather than replacing people. Goldman Sachs CEO David Solomon said he sees AI as a transformational technology that enhances talent rather than replacing people. "There has been much debate around the broader implications of AI on the workforce," he said. "While it will change how work gets done, it will not replace what matters most in driving our business, our extraordinary people." He wrote an op-ed in the New York Times earlier this year arguing that the AI "job apocalypse" is overblown.

Jamie Dimon says AI has helped JPMorgan cut up to 40% of jobs in certain roles: Live updates
North America
Yahoo Finance

Jet.AI Announces Merger Letter of Intent and Planned Data Center Spin-Off

Jet.AI (NASDAQ:JTAI) has signed a non-binding merger letter of intent with a private operating company while outlining plans to spin off its data center business into a separate publicly traded company, a transaction that could leave shareholders owning stakes in two listed businesses. Jet.AI announced that it has entered into a non-binding letter of intent for a proposed merger with an undisclosed privately held operating company. The proposed transaction values the combined business at approximately $320 million in enterprise value, with around $20 million, or roughly 5% to 6% of the pro forma company, allocated to existing Jet.AI shareholders. As part of the proposed deal, Jet.AI intends to separate its data center business into a new independent public company. The spin-off would also include the company’s ownership interest in AIIA Sponsor Ltd., with shares expected to be distributed to existing shareholders through a Form 10 registration process. The company has reserved the Nasdaq ticker symbol DCTR for the planned entity. The identity of the merger counterparty has not been disclosed, and the company said additional commercial terms will remain confidential until due diligence is completed and definitive agreements are negotiated. The announcement outlines a significant restructuring that could reshape Jet.AI’s business and provide shareholders with exposure to two separate public companies. If completed, the merger may shift the company’s operating focus toward the private counterparty’s business while allowing investors to retain direct ownership of Jet.AI’s existing data center assets through the planned spin-off. That structure could allow each business to pursue independent strategies and capital allocation plans. However, investors should note that the announcement is based on a non-binding letter of intent. Important details, including the identity of the merger partner and final transaction terms, have not been disclosed, and the proposal remains subject to multiple approvals and successful completion of due diligence. Join the discussion: Connect with other investors on your favorite stocks or explore the top-talked-about stocks on our Breakout Boards.This article was written by the editorial team at InvestorsHub/ADVFN and is provided for informational purposes only. In some cases, editorial staff may use artificial intelligence–based tools to assist in the research, drafting, or editing of content, under human review and oversight. This article does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. The views expressed are based on publicly available information believed to be reliable at the time of publication, but accuracy or completeness is not guaranteed. Readers should conduct their own independent research and consult a qualified financial professional before making any investment decisions. Pre Login/Register Top Stories More News IBM Preliminary Q2 Results Miss Expectations as Infrastructure Revenue Declines (IBM) Softer U.S. Inflation Data Points to Stronger Wall Street Open: Dow Jones, S&P, Nasdaq, Futures Citigroup Beats Second-Quarter Estimates as Trading and Investment Banking Drive Profit Growth (C) Bank of America Beats Second-Quarter Forecasts as Profit and Revenue Climb (BAC) Goldman Sachs Profit Soars as Trading and Dealmaking Fuel Strong Second Quarter (GS) JPMorgan Tops Second-Quarter Forecasts as Investment Banking and Trading Revenue Surge (JPM) More News JTAI Discussion View Posts iHub News 27 minutes ago Jet.AI Announces Merger Letter of Intent and Planned Data Center Spin-OffJuly 14, 2026 10:40 AMIH Market News Jet.AI (NASDAQ:JTAI) has signed a non-binding merger letter of intent with a private operating company while outlining plans to spin off its data center business into a separate publicly traded company, a transaction that could leave shareholders owning stakes in two listed businesses. Key Investor Takeaways Jet.AI (NASDAQ:JTAI) signed a non-binding merger letter of intent for a proposed business combination valued at approximately $320 million in enterprise value. Existing shareholders would receive ownership in both the combined company and a separately listed data center business if the transaction is completed. The planned spin-off would include Jet.AI’s data center operations and its ownership interest in AIIA Sponsor Ltd. The proposed combined company is expected to continue trading under the JTAI ticker, while the spin-off has reserved the Nasdaq ticker symbol DCTR. The transaction remains subject to due diligence, definitive agreements, shareholder and regulatory approvals, with no guarantee it will be completed. Why JTAI Stock Is in Focus Jet.AI announced that it has entered into a non-binding letter of intent for a proposed merger with an undisclosed privately held operating company. The proposed transaction values the combined business at approximately $320 million in enterprise value, with around $20 million, or roughly 5% to 6% of the pro forma company, allocated to existing Jet.AI shareholders. As part of the proposed deal, Jet.AI intends to separate its data center business into a new independent public company. The spin-off would also include the company’s ownership interest in AIIA Sponsor Ltd., with shares expected to be distributed to existing shareholders through a Form 10 registration process. The company has reserved the Nasdaq ticker symbol DCTR for the planned entity. The identity of the merger counterparty has not been disclosed, and the company said additional commercial terms will remain confidential until due diligence is completed and definitive agreements are negotiated. Why This Matters for Investors The announcement outlines a significant restructuring that could reshape Jet.AI’s business and provide shareholders with exposure to two separate public companies. If completed, the merger may shift the company’s operating focus toward the private counterparty’s business while allowing investors to retain direct ownership of Jet.AI’s existing data center assets through the planned spin-off. That structure could allow each business to pursue independent strategies and capital allocation plans. However, investors should note that the announcement is based on a non-binding letter of intent. Important details, including the identity of the merger partner and final transaction terms, have not been disclosed, and the proposal remains subject to multiple approvals and successful completion of due diligence. What to Watch Next Investors will likely focus on: Announcement of the merger counterparty’s identity. Negotiation and execution of definitive merger agreements. Progress toward the planned data center spin-off and Form 10 filing. Regulatory, Nasdaq and shareholder approvals. Any updates on the proposed ownership structure and transaction timeline. Jet.AI stock priceThe post Jet.AI Announces Merger Letter of Intent and Planned Data Center Spin-Off appeared first on US Editors. Original: Jet.AI Announces Merger Letter of Intent and Planned Data Center Spin-Off 👍️0 US Market News 3 weeks ago flyExclusive Reaffirms Strategic Priorities and Provides Update on Pending Jet.AI TransactionJune 24, 2026 10:35 AMBusiness Wire flyExclusive, Inc. (NYSE American: FLYX) today reaffirmed its strategic priorities for 2026 and provided an update on the pending merger with Jet.AI Inc. (NASDAQ: JTAI). “As we move through 2026, our focus remains unchanged: improving profitability, strengthening our balance sheet, increasing aircraft utilization, and creating long-term value for shareholders,” said Jim Segrave, Founder, Chairman and Chief Executive Officer of flyExclusive. “The pending Jet.AI transaction represents one component of that broader strategy.” The Company continues to focus on operational execution across its vertically integrated aviation platform, including charter operations, maintenance, repair and overhaul services, aircraft sales, and technology-enabled offerings. These initiatives have positioned flyExclusive to continue delivering the rapid financial performance improvement we have demonstrated every quarter since going public, expanding margins and generating long-term shareholder value. The Company also flew over 7,000 hours last month, the highest utilization in our history. Jet.AI Transaction Update As of the reconvened Special Meeting of Jet.AI stockholders held today, 688,285 shares, representing approximately 48.4% of Jet.AI’s total outstanding shares, have voted in favor of the merger. Approximately 99% of the votes casts have voted in favor of the transaction. The transaction requires approval from holders of a majority of all outstanding shares, or approximately 710,861 shares. As a result, approximately only 22,500 additional affirmative votes are required to obtain stockholder approval. Considering 99% of all the votes that have been cast are in favor of the merger we are confident the transaction will be approved in the coming week with less than 2% of the outstanding shares voting. The Special Meeting was adjourned and will reconvene on July 2, 2026, to allow the additional time for remaining stockholders to submit their votes. Both Institutional Shareholder Services (ISS) and Glass, Lewis & Co. have recommended that Jet.AI stockholders vote FOR the transaction. The Merger Agreement remains in full force and effect. There have been no changes to the transaction terms, structure, or economics, and both companies continue working toward satisfaction of the remaining closing conditions. “The voting results demonstrate broad support among participating stockholders, and we remain focused on completing the transaction and moving forward with our strategic objectives,” Segrave added. flyExclusive will provide a further update following the reconvened Special Meeting scheduled for July 2, 2026. About flyExclusive flyExclusive (NYSE American: FLYX) is a vertically integrated, FAA-certificated private aviation company providing charter, Jet Club membership, and fractional ownership services worldwide. The company operates one of the largest private jet fleets in the U.S., with full operational control over maintenance, refurbishment, and avionics through its in-house MRO facilities in Kinston, North Carolina. Learn more at www.flyexclusive.com. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: demand for fractional ownership shares; the pace of additional aircraft acquisitions; the Company's ability to attract and retain fractional customers; potential volatility of the Company's stock price; the ability of the Company to maintain compliance with NYSE American continued listing standards and maintain the listing of the Company's securities on a national securities exchange; the ability of the Company to timely file its required annual and quarterly reports with the SEC; the ability of the Company to comply with covenants under and repay its debt; the potential dilution of stock ownership by our capital raising efforts; the outcome of any legal proceedings; changes in the competitive and highly regulated industries in which flyExclusive operates; and the risk of downturns due to general economic or political uncertainties in the highly competitive aviation industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of flyExclusive's Annual Report on Form 10-K for the year ended December 31, 2025, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company does not give any assurance that it will achieve its expectations. View source version on businesswire.com: https://www.businesswire.com/news/home/20260624341668/en/ Media Contact media@flyexclusive.com Investor Relations Contact investors@flyexclusive.com Original: flyExclusive Reaffirms Strategic Priorities and Provides Update on Pending Jet.AI Transaction 👍️0 ErnieBilco 3 months ago How many years is the Con Winston gonna pump the worthless "merger" with FlyExclusive an equally worthless company? Watch this crash and burn like it always does when those buyers turn into remorsers, hope they get out before the Con throws another RS at this POS 👍️0 iHub News 3 months ago Jet.AI shares jump 30% after $5M strategic stake tied to SpaceXApril 8, 2026 10:43 AMIH Market News Jet.AI Inc. (NASDAQ:JTAI) shares surged about 30% after the company disclosed a $5 million strategic investment that gives it economic exposure to SpaceX and several affiliated businesses, including xAI/Grok, Starlink and X/Twitter.The AI cloud services firm made the investment through a Special Purpose Vehicle that previously held equity in xAI before the company’s recent acquisition by SpaceX. Jet.AI said the move forms part of its broader strategy to shift toward AI infrastructure while gaining exposure to the potential growth and performance of SpaceX and xAI.According to the company, the investment complements its focus on high-performance artificial intelligence systems and supporting infrastructure. Jet.AI also highlighted the possibility of a future liquidity event involving SpaceX, such as a public listing.Reports from third-party sources indicate that SpaceX has confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering that could value the company between $1.75 trillion and more than $2 trillion at listing.That valuation would represent a substantial increase from SpaceX’s estimated private valuation of roughly $800 billion in late 2025 and the approximately $1.25 trillion combined valuation reached after its merger with xAI in early 2026.Market speculation suggests the offering could raise up to $75 billion in new capital, potentially surpassing the $29.4 billion IPO completed by Saudi Aramco in 2019 as the largest public offering ever.Some reports indicate that as much as 30% of the shares could be allocated to retail investors.A prospectus for the offering is expected around late May 2026, followed by a potential investor roadshow during the week of June 8, 2026, with a possible market debut in June or July 2026. Jet.AI stock price Original: Jet.AI shares jump 30% after $5M strategic stake tied to SpaceX 👍️0 Horsts 3 months ago Today, it will go down 50% 👍️0 chumfm 3 months ago Humped again.How many times does this happen weekly.Every week you see at least 2 or 3 R/S happen.Wow,that's all that can be said.Good luck and good trading. 👍️0 ErnieBilco 3 months ago So glad I'm out of this worthless ticker scam run by doucebag CEO Winston. IT'S BEYOND TIME FOR THE SEC TO VISIT THIS SCUMBAG AND PUT HIM IN CUFFS FOR FRAUD 👍️0 Horsts 3 months ago They know how to steal money.But own guilt, when trading with such useless stuff.Thank god I just watched this POS.Thanks a lot 👍️0 LessIsMore 3 months ago 1/200 R/S announced effective 4/8/26 GLTA 👍️0 glenn1919 4 months ago JTAI....................................https://stockcharts.com/sc3/ui/?s=JTAI&p=w&b=5&g=0&id=p86431144783 👍️0 Horsts 5 months ago Today it’s jumping time.To the moon, maybe 💪🏾 👍️0 ErnieBilco 5 months ago I think Mikey's gonna spring another RS on this turd to try and knock the dung beatles off for a day or two 👍️0 ErnieBilco 5 months ago Winston can always come thru with worthless fluffers to push shares out the door instead of actually building an actual company 👍️0 glenn1919 5 months ago JTAI...........................................................p/m 👍️0 Horsts 5 months ago Those who bought at over .20 today can say good bye to their money. 👍️0 Horsts 5 months ago I would go in at 2 Cent or so 👍️0 ErnieBilco 5 months ago Winston is obviously committing securities fraud telling these SC13x peeps they own a much larger percentage than the obscene dumping we have see today. Fools and their money buying into Winston's pure BS fake businesses. Over 250 million shares traded today and it's not even noon yet. I wanna a picture of this dirtbag in cuffs as they haul him away. 👍️0 Horsts 5 months ago Now you have the volume you've waiting for 👍️0 Horsts 5 months ago Dilution here obviously going on.RS later.Stay away from this.Just warning ‼️ 👍️0 Horsts 5 months ago New Alltimelow Right now 👍️0 Horsts 5 months ago Oops 😬 They did a RS 1:225 once 😕Not a good sing.Seems to be a Vegas Casino Lottery.Maybe no turnaround coming here.So better go away, looking for a more promising opportunity. 👍️0 ErnieBilco 5 months ago Beware IT'S ALMOST TIME FOR WINSTON TO THROW ANOTHER REVERSE SPLIT ON THIS TURD 👍️0 Horsts 5 months ago If all in the letter would be true, this stock should be over 5 bucks, or so. 👍️0 Horsts 5 months ago I think yesterday's letter sounds to good to be true 👍️0 Horsts 5 months ago Looks strange today 👍️0 ErnieBilco 5 months ago Looks like there are fewer and fewer peeps willing to eat the BS Winston is constantly shittin out his mouth. 👍️0 al dean 6 months ago Gee, lots of turbulence today. MMs shaking it to pieces for some reason. 👍️0 Overwatch 6 months ago Tripple down short crew... I'll keep adding here... 👍️0 Overwatch 6 months ago can't wait to see what a 300M share traded green day looks like here next week... 👍 1 Overwatch 6 months ago I got Powder for Monday.... 👍️0 Overwatch 6 months ago Cover now or re mortgage your home assholes... 👍️0 Overwatch 6 months ago Not over sold it's over naked shorted... 👍️0 Overwatch 6 months ago She big buys coming in reading the room here... 👍️0 Overwatch 6 months ago Cover bitches.... 👍️0 Overwatch 6 months ago Got a starter here today... 👍️0 Overwatch 6 months ago Timothy Sykes crew going to loose their shit here soon enough... FTD is all fun and games till you have to deliver... 👍️ 1 Overwatch 6 months ago JTAI is on the Threshold List for Failure To Deliver...Can't wait to see what Deliver looks like... 👍️0 glenn1919 6 months ago JTAI...............................................https://stockcharts.com/sc3/ui/?s=JTAI&p=w&b=5&g=0&id=p86431144783 👍️0 hondaboost 6 months ago JTAI, was $11.3 in Feb, 2025? Now, $0.5. 👍️0 glenn1919 6 months ago JTAI........................................................................p/m 👍️0 ErnieBilco 6 months ago Winston and his clowns are gonna run this under the ground with their lack of business skills. BUT DON'T WORRY BECAUSE HE LOVES TO RS TO PRETEND ITS A REAL COMPANY. 👍️0 TrendTrade2016 6 months ago et.AI & Consensus Core Announce Strategic Interest in Midwestern Canadian Data-Center Campus 👍 1 TrendTrade2016 6 months ago Jet.AI Withdraws Public Offering 👍 1 TrendTrade2016 6 months ago Jet.AI (JTAI) to Invest $10 Million in New AI Data Center Campus Near Las Vegas By Ghazal Ahmed | December 27, 2025, 2:30 AM 👍 1 TrendTrade2016 6 months ago Jet.AI Inc. 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Chart Level 2 Trades News Financials CCOM SILVER SILVER Chart Level 2 Trades News Financials NASDAQ NVDA NVIDIA Chart Level 2 Trades News Financials NYSE VZ Verizon Communications Chart Level 2 Trades News Financials AMEX XLE State Street Energy Sele... Chart Level 2 Trades News Financials COIN DOGEUSD Dogecoin Chart Level 2 Trades News COIN XRPUSD Ripple Chart Level 2 Trades News NYSE MRK Merck Chart Level 2 Trades News Financials It looks like you are not logged in. Click the button below to log in and keep track of your recent history. For decades, boron has quietly supported some of the world’s most important industries. It strengthens armour plating and advanced military materials, improves agricultural yields, enhances permanent magnets used in modern technology, and plays a vital role in residential construction through fibreglass insulation and specialty glass products. This article is disseminated in partnership with Boron One. 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Jet.AI Announces Merger Letter of Intent and Planned Data Center Spin-Off
North America
CNBC Finance

Frontier Airlines to debut in-flight Wi-Fi in 2027 with SpaceX's Starlink

Frontier Airlines and four other budget carriers with more than 1,000 planes between them will debut in-flight Wi-Fi early next year from SpaceX's Starlink, another win for the satellite internet provider. Frontier's first Airbus plane equipped with Starlink internet will roll out in early 2027, the airline said Tuesday. CNBC reported in 2022 that Frontier was in talks with Starlink to add its first in-flight Wi-Fi service. A Frontier spokeswoman declined to say whether flyers could use the service for free. Major airlines that have signed deals with Starlink have been offering Wi-Fi complimentary for loyalty program members. Frontier was one of the last U.S. holdouts to add Wi-Fi. Former CEO Barry Biffle previously said the airline was hesitant to to add weight to its planes with the equipment it would need for the service. Starlink, a part of Elon Musk's SpaceX, has signed deals with more than 40 carriers around the world, including United Airlines and American Airlines, as airlines ramp up their in-flight services and customers grow to expect at-home-quality internet in the sky. The airlines declined to disclose the terms of the agreements. SpaceX didn't immediately comment. The carriers in the latest Starlink deal — Frontier, Mexico's Volaris, European budget carrier Wizz, Chile's Jetsmart, and the Philippines' Cebu Pacific — all share private equity firm Indigo Partners as an investor, which is led by serial airline investor Bill Franke. Budget carriers have been under pressure to go upmarket as larger rivals post revenue growth from the front of the cabin, upending discounters' once-profitable model of no-frills seating and amenities. Frontier is planning to debut first-class seats next year. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Frontier Airlines to debut in-flight Wi-Fi in 2027 with SpaceX's Starlink
Asia
The Hindu BusinessLine

Dharmendra Pradhan’s resignation sparks jubilation at Jantar Mantar

Weeks of protest at Delhi’s Jantar Mantar made way for an eruption of celebrations on Saturday after the announcement of Union Education Minister Dharmendra Pradhan’s resignation. As the news was announced from the stage, hundreds of students and supporters broke into cheers, danced to patriotic songs, waved the Tricolour and declared it the “first victory” of their movement against alleged irregularities in competitive examinations. Slogans such as “Haar gaye, haar gaye, tanashah haar gaye” (The dictator has been defeated), “Bharat Mata ki Jai” and “Inquilab Zindabad” echoed through the protest site as students embraced one another and celebrated what they described as a landmark moment in their 36-day agitation. Cockroach Janta Party (CJP) founding president Abhijeet Dipke, addressing the gathering, cheekily congratulated the Chief Justice of India Justice Surya Kant and referred to his earlier “cockroach” remark aimed at protesting youth as what set the ball rolling. “Had you not called us cockroaches, I wouldn’t have come to India, this crowd wouldn’t have gathered here, and Dharmendra Pradhan would not have resigned,” Dipke said. Even as protesters celebrated the minister’s resignation, they made it clear that the agitation was far from over. Displaying an update from the stage, the CJP said that only one of its three principal demands—Pradhan’s resignation—had been fulfilled. Its demands for ₹1 crore compensation to the families of students who allegedly died by suicide and assurance that no action would be taken against student protesters remained pending. CJP national spokesperson Ashutosh Ranka said the sit-in would continue until the government accepted all three demands in writing. “If you accept our three demands in writing, we will go home,” Ranka said, adding that the organisation had sought permission to hold a nationwide candle march at 6 pm on Friday. Speaking to businessline, CJP chief spokesperson Saurav Das said the protesters would seek written assurances before calling off the agitation. “It’s a big win not just for the youth of the country but also for the Constitution and every parent who sent their child here. They tried to divide us on class lines and many other lines, but all of them have been defeated by the youth of the country. There is no power that will not bend to the will of the youth. We are going for talks with the government and will take those assurances in writing. We will only leave once those assurances are implemented,” Das said. “Don’t make me a hero because Dharmendra Pradhan resigned today. Don’t make this mistake. The country has been ruined because of making one person a hero,” he said. Calling the resignation only the beginning of the campaign, Dipke said, “This is the first wicket. We won’t stop here. This is just the beginning. I salute all students and volunteers who have been sitting here for the last 36 days.” Describing the resignation as “a victory for the Constitution of India” and “a victory for the people of India”, he said the protest had shown that sustained public pressure could force accountability. “Dharmendra Pradhan has resigned. This resignation is proof that if people are not afraid, if people do not bow down to this government, then we can take the resignation of anyone,” he said.

Dharmendra Pradhan’s resignation sparks jubilation at Jantar Mantar
Asia
The Hindu BusinessLine

Education Minister Dharmendra Pradhan resigns after youth protests

Just before the beginning of meeting with the Cockroach Janata Party, Education Minister Dharmendra Pradhan on Saturday resigned. “”Considering the situation at Jantar Mantar and across the country --with the aim of preventing anti-national forces from exploiting it, preserving national unity, ensuring that not a single Indian student’s future gets entangled in legal complexities, and allowing our children to devote their time to studies and focus on building their careers -- I have submitted my resignation to the Prime Minister,” he said in his two page letter posted on social media. Further he said that he has taken responsibility from day one for the NEET paper leak and he is disturbed to see the series of events that have unfolded in the last 10 days. Cockroach Janta Party (CJP) hailed it as the first victory of their 36-day agitation. However, CJP founder Abhijeet Dipke said their agitation will continue until the government fulfils their other demands as well. Pradhan’s resignation on Saturday sparked scenes of celebration at Jantar Mantar. Students and members of the CJP have been holding a sit-in since June 20, demanding his accountability over the NEET-UG 2026 paper leak and irregularities in the CBSE’s on-screen marking process, besides seeking wider reforms in the conduct of public examinations. The opposition parties, which had supported the stir and had joined the chorus for Pradhan’s resignation, called it a victory for students, youth and democracy. Congress president Mallikarjun Kharge said Pradhan’s resignation was a “victory of truth” and a defeat of Prime Minister Narendra Modi’s “stubbornness”. The Leader of Opposition in Rajya Sabha said it was Prime Minister Narendra Modi’s turn to apologise and take strict action against all those who used lathis, batons and pellet guns against the agitating students. “We have won,” the CJP posted on X. Addressing protesters at Jantar Mantar, Dipke said, “Dharmendra Pradhan has resigned and this is the proof that if you don’t get scared, you can win.” “You should not be scared to speak in a democracy. Only if you raise your voice, they will stay in line because they are sitting in power because of us,” the CJP founder said. Activist Sonam Wangchuk described it as “a victory of democracy” and credited the nationwide student-led agitation and citizens’ participation for the outcome. The government had on Friday approved a draft bill to ensure stricter punishments for paper leaks, hours after Prime Minister Narendra Modi, in an unprecedented midnight video message, announced that the bill containing provisions for strong action against paper leaks will be introduced in Parliament. Pradhan, who has been a two-time Education Minister, faced a similar controversy in 2024 over alleged NEET and NET paper leaks.

Education Minister Dharmendra Pradhan resigns after youth protests