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It’s too early to say whether April’s market bounce back is a sign of things to come for the rest of 2026 or just the eye of a turbulent storm, but hedge funds will take it either way. Loading audio narration… After a rough March when many different hedge fund styles suffered losses, April helped the industry’s biggest names get back to their winning ways.Izzy Englander’s Millennium Management returned 2.7% in April, bringing the $84.2 billion hedge fund’s gains to 3.6% for the year so far, a person close to the firm told Business Insider.Citadel, Ken Griffin’s $67 billion manager,…

Paramount Skydance pleased investors in its first earnings report since agreeing to buy Warner Bros. Discovery. Loading audio narration… David Ellison’s company beat Wall Street’s expectations last quarter, thanks to an 11% jump in streaming revenue.Paramount’s revenue rose 2% to $7.35 billion in the first quarter, at the upper end of the $7.15 billion to $7.35 billion range the company had said it expected. Analysts polled by Bloomberg were looking for first-quarter revenue of $7.26 billion.The company’s adjusted EBITDA — a common profitability measure — came in at $1.16 billion, above the $900 million to $1 billion range it set…

A Spirit Airlines plane sits parked at Hollywood Burbank Airport in California, April 16, 2026.Justin Sullivan | Getty ImagesSpirit Airlines struggled for years, battered by larger, cash-rich airlines that copied its business model, failed mergers, higher costs and, most recently, a surge in jet fuel prices because of the war in Iran. It then faced the most unforgiving foe: time.”We just kind of ran out of runway,” CEO Dave Davis said in an interview with CNBC on Monday.Spirit had hoped to exit bankruptcy, its second in less than a year, in mid-2026. Four days before the U.S. and Israel attacked…

McDonald’s is betting on new ways to quench your thirst. Loading audio narration… The fast-food chain is attempting to ride the wave of creative sodas and inventive drinks that has swept the US in recent years. It’s introducing six new drinks to its US menus this week, including caffeinated refreshers and twists on its classic fountain drinks.Starting this week, you can get three new McDonald’s soda concoctions, including your Sprite with a take called Berry Blast, which adds blue raspberry-flavored syrup and tops it off with cold foam. If you’ve been intrigued by “dirty sodas,” the soft drinks mixed with…

Paramount Skydance topped Wall Street’s revenue and earnings estimates for the first quarter on Monday, as the media company got a boost from its streaming and film businesses. The company reported nearly $7.35 billion in first-quarter revenue, up 2% from the prior year, and lifted by the overall streaming business — which includes Paramount+, as well as BET+ and the free, ad-supported service Pluto. Revenue for the streaming unit grew 11% to $2.4 billion compared to the same period last year. Paramount+, the flagship of the company’s streaming portfolio, added 700,000 subscribers during the quarter and grew revenue 17% year…

Wegovy semaglutide tablets.Michael Siluk | Universal Images Group | Getty ImagesWhen the Wegovy pill launched in January, telehealth provider LifeMD said its business doubled almost overnight. LifeMD went from seeing between 300 and 400 new patients a day to 600 to 1,000 new patients a day, said CEO Justin Schreiber. He knew there would be demand, but that level of interest surprised him. “There’s no question that the launch of oral medications has improved access,” Schreiber said. Tens of thousands of people have started taking Novo Nordisk’s Wegovy pill in the four months since it launched in the U.S., the majority of them…

Anthropic CEO Dario Amodei looks on after a meeting with French President Emmanuel Macron during the AI Impact Summit in New Delhi on February 19, 2026. Ludovic Marin | Afp | Getty ImagesAnthropic said Monday it is partnering with private equity giants Goldman Sachs and Blackstone to launch a $1.5 billion firm aimed at speeding the adoption of artificial intelligence across hundreds of companies.The new entity, formed alongside the San Francisco-based PE firm Hellman & Friedman and backed by a group of asset managers including Apollo and General Atlantic, will deploy Anthropic’s Claude AI model directly inside businesses, starting with…

A UPS Boeing 767 departs Los Angeles International Airport en route to Louisville, Kentucky, Jan. 27, 2026.Kevin Carter | Getty ImagesShares of logistics giants UPS and FedEx sank on Monday after Amazon announced a new initiative to open up its supply chain networks to other businesses.Both stocks were down 10% in midday trading. The companies did not immediately respond to requests for comment.Shares of Amazon remained largely unchanged. The tech company’s “Amazon Supply Chain Services” will allow companies spanning multiple industries to use Amazon’s supply chain and logistics to move and deliver products and raw materials.It’s part of Amazon’s ongoing…

A Spirit Airlines Airbus A321 airplane taxis at Los Angeles International Airport after arriving from Fort Lauderdale on March 30, 2025 in Los Angeles, California. Kevin Carter | Getty ImagesJust hours after Spirit Airlines collapsed, its rivals unveiled their new flight plans. Airlines had actually been at work for months on their route changes as Spirit’s shutdown looked more and more likely. Some new flights start this week. It comes after Spirit abruptly ceased operations overnight Saturday, stranding thousands of customers.The quick move shows how carriers are vying for Spirit’s valuable assets, like airport gates and a customer base that…

A day after GameStop made a surprise $55.5 billion offer to buy eBay, its CEO Ryan Cohen gave an exceptionally awkward interview, where he was repeatedly pressed on how the company would fund the deal. Loading audio narration… Appearing on CNBC’s “Squawk Box,” co-anchor Andrew Ross Sorkin asked Cohen to explain how GameStop could afford $55.5 billion for eBay, given its roughly $11.9 billion market cap and about $9.4 billion in cash and liquid investments.”It’s on our website. It’s half cash, half stock,” Cohen replied. He would repeat those phrases over the course of the interview.Sorkin said he had read…