Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging

Key Points

Uber and Disney pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips.
“The consumers are spending, they’re spending locally, and we don’t see any signs of that weakening at this point,” CEO Dara Khosrowshahi said.

Source

Finance

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Key Points The S&P 500 crossed 7,400 for the first time on Friday, and traders on prediction markets platform Kalshi place 59% odds the index crosses 8,000 in 2026. That index crossed 7,000 for the first time in January. Source

Finance

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Check out the companies making the biggest moves premarket: Akamai Technologies — Shares surged 27% after the cybersecurity and cloud computing company said a leading U.S.-based frontier model provider has committed to $1.8 billion over seven years for its Cloud Infrastructure Services. Akamai also reported a first-quarter adjusted earnings beat, while its revenue came in […]

Finance

Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths

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