Spirit Airlines stock jumps 25% after struggling budget carrier said it will sell planes, cut jobs

The major averages started May on a positive note, with Meta Platforms and Microsoft reigniting the artificial intelligence trade.

Geopolitical volatility, continued central bank demand and investor ‘FOMO’ mean prices may not peak until the latter half of 2025, strategists say.

Williams-Sonoma CEO Laura Alber told CNBC’s Jim Cramer how the company is dealing with the effects of President Donald Trump’s tariff hikes.