Sydney Sweeney, Intel Cuts, and the Wild Week in Business
In today’s episode, Sydney Sweeney sends American Eagle shares soaring 18% after launching a viral ad campaign that drew retail traders into full-on meme stock mode—just as WallStreetBets momentum reignites. Intel beats revenue expectations but announces sweeping cuts to chip factory projects in Germany and Ohio, with the new CEO declaring an end to “blank checks.” Meanwhile, Deckers (owner of Hoka and UGG) jumps 12% after smashing earnings, showing strong brand power still matters. Southwest embraces bag fees—reversing course for $350 million in new revenue—but investors punish its earnings miss. And the FCC approves an $8 billion Paramount-Skydance merger in a move loaded with political controversy after CBS cancels Colbert’s show.
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