TLDR

MARKET RECAP →  S&P 500 (VOO) climbed to new record highs on Thursday, fueled by President Donald Trump’s push for lower interest rates and reduced oil prices.

TECH CEOS CLASH OVER STARGATE AI PROJECT → 📰 OpenAI’s CEO Sam Altman drew criticism from Elon Musk over funding concerns for its $500 billion Stargate AI project, as Microsoft’s (MSFT) Satya Nadella highlighted Azure’s $80 billion AI commitment is a separate investment.

AMERICAN AIRLINES SHARES FALL AS PROFIT OUTLOOK DISAPPOINTS → American Airlines shares plunged nearly 8% after issuing a cautious profit forecast for 2025, citing past missteps in corporate sales strategy and rising costs, contrasting sharply with upbeat projections from rivals. 🚀

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TODAY’S TOP NEWS

Tech CEOs Clash Over Stargate AI Project

Stargate Project Announced: 📰 President Trump unveiled the $500 billion Stargate project, a partnership between OpenAI, Oracle (ORCL), and SoftBank, aimed at building advanced AI infrastructure across the U.S.

Musk Challenges Funding: 🤔 Elon Musk criticized the project’s financial viability, asserting the companies “don’t actually have the money” on X. OpenAI’s Sam Altman clapped back on X: "Wrong, as you surely know.”

Microsoft’s Independent Path: 💼 Satya Nadella distanced Microsoft (MSFT) from the Stargate initiative, emphasizing its separate $80 billion AI investment via Azure.

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TODAY’S TOP NEWS

American Airlines Shares Tumble As Outlook Falls Short

📉 Disappointing Forecasts: American Airlines projected a wider-than-expected first-quarter loss of $0.20–$0.40 per share, missing analyst expectations of a $0.04 loss, as it faced higher costs and lower capacity. Shares fell over 7% in response.

🛫 Strategic Fallout and Recovery: The airline worked to reverse a business travel sales strategy that underperformed, costing $1.5 billion in 2024 revenue. However, it struck a new credit card deal with Citi, boosting loyalty program income to $6.1 billion, a 17% increase.

✈️ Q4 Highlights: Despite challenges, American’s Q4 revenue rose 4.6% year-over-year to $13.66 billion, beating expectations. Adjusted earnings hit $0.86 per share, with strong international revenue, particularly from trans-Pacific routes, driving profitability.

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