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UNITED BECOMES 1ST AIRLINE TO STREAM AUDIOBOOKS & VIDEO PODCASTS IN-FLIGHT
$UAL and $SPOT are teaming up to bring 450+ hours of free content to over 130,000 seatback screens—many with 4K and Bluetooth. Flyers can now enjoy Spotify playlists, audiobooks, and video podcasts like The Dave Chang Show and Good Hang with Amy Poehler. Personal logins and synced playback coming in 2026.
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UNITED BECOMES 1ST AIRLINE TO STREAM AUDIOBOOKS & VIDEO PODCASTS IN-FLIGHT
$UAL and $SPOT are teaming up to bring 450+ hours of free content to over 130,000 seatback screens—many with 4K and Bluetooth. Flyers can now enjoy Spotify playlists, audiobooks, and video podcasts like The Dave Chang Show and Good Hang with Amy Poehler. Personal logins and synced playback coming in 2026.
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Wall St Engine
U.S. employers announced 93,816 job cuts in May, up 47% from last year but down 12% from April, per Challenger, Gray & Christmas. Year-to-date cuts are nearing 700,000, already 80% above the 2024 pace.
Sectors seeing the biggest hits include services (22K), retail (11K), and tech (10K).
Layoffs tied to DOGE-related reductions still lead, but economic conditions and restructuring are rising causes.
Meanwhile, May hiring plans jumped 129% YoY, though overall hiring is still tracking below post-pandemic levels.
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U.S. employers announced 93,816 job cuts in May, up 47% from last year but down 12% from April, per Challenger, Gray & Christmas. Year-to-date cuts are nearing 700,000, already 80% above the 2024 pace.
Sectors seeing the biggest hits include services (22K), retail (11K), and tech (10K).
Layoffs tied to DOGE-related reductions still lead, but economic conditions and restructuring are rising causes.
Meanwhile, May hiring plans jumped 129% YoY, though overall hiring is still tracking below post-pandemic levels.
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Wall St Engine
RBC CAPITAL ON $LYFT & $UBER: 'ALL EYES ON AUSTIN & ATLANTA'
Analyst Comments: "Our latest driver supply analysis indicates ongoing rationality in the ride-hailing space which is good for both UBER & LYFT. In particular, directionally similar pricing and pick-up times with relatively similar magnitudes was encouraging to see. Bigger picture, LYFT has been an outperformer in our space YTD (#5 in overall space +18% vs. Nasdaq +1%) where low/no tariff exposure and/or GenAI concerns have complemented strong execution which we generally see continuing alongside an upcoming AV launch in Atlanta with May Mobility. We'd flag the upcoming Tesla launch (TSLA covered by RBC analyst Tom Narayan) as a risk but with the stock still trading at an attractive 7.3x EV/'26 EBITDA, we'd be more aggressive buyers on a Tesla-related dislocation/pullback."
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RBC CAPITAL ON $LYFT & $UBER: 'ALL EYES ON AUSTIN & ATLANTA'
Analyst Comments: "Our latest driver supply analysis indicates ongoing rationality in the ride-hailing space which is good for both UBER & LYFT. In particular, directionally similar pricing and pick-up times with relatively similar magnitudes was encouraging to see. Bigger picture, LYFT has been an outperformer in our space YTD (#5 in overall space +18% vs. Nasdaq +1%) where low/no tariff exposure and/or GenAI concerns have complemented strong execution which we generally see continuing alongside an upcoming AV launch in Atlanta with May Mobility. We'd flag the upcoming Tesla launch (TSLA covered by RBC analyst Tom Narayan) as a risk but with the stock still trading at an attractive 7.3x EV/'26 EBITDA, we'd be more aggressive buyers on a Tesla-related dislocation/pullback."
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$GOOGL:
🔹 28% Cloud growth
🔹 $72B in cash (pre-Wiz acquisition)
🔹 Trading at 25x forward free cash flow
Thoughts? https://t.co/lqOv1gZYNx
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$GOOGL:
🔹 28% Cloud growth
🔹 $72B in cash (pre-Wiz acquisition)
🔹 Trading at 25x forward free cash flow
Thoughts? https://t.co/lqOv1gZYNx
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