Business
UAE exits Arab oil exporters alliance OAPEC following OPEC departure
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Spirit Airlines nears completion of passenger refunds after shutdown

Spirit Airlines nears completion of passenger refunds after shutdown
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Trump says US to help free up ships in Strait of Hormuz starting Monday morning

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S&P500: No Rest, Rotations Will Carry It Higher (Technical Analysis) (SP500)
Andrew McElroy is Chief Analyst at Matrixtrade, author of the ebook ‘Fractal Market Mastery’ and producer of the ‘Daily Edge.’ The ‘Daily Edge’ is emailed before each US session and outlines actionable ideas, directional bias, and important levels in the S&P500. It also looks at ‘What’s Hot,’ on any particular day, whether it is commodities, stocks, crypto, or forex. Andrew has developed a top-down proprietary system that starts with his weekend Seeking Alpha article focusing on the higher timeframes. Fractals, Elliott Wave, and Demark exhaustion signals are all incorporated, as are macro drivers and analysis of the market narrative. It is much more than just a few lines on a chart – it is a system developed over 15 years and proven to deliver a consistent edge. An independent trader since 2009, Andrew manages a family portfolio of stocks and ETFs with his wife and fellow Seeking Alpha contributor Macrogirl.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of VOO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Spirit nearly done processing customer refunds after shutdown

Spirit nearly done processing customer refunds after shutdown
Business
McDonald’s is quietly phasing out a popular customer perk nationwide
When speaking at the McDonald’s Impact Summit, President Donald Trump urged the company to put more tartar sauce on the Filet-O-Fish.
McDonald’s is quietly ending the era of self-serve soda fountains nationwide.
The shift, years in the making, is part of a broader effort by McDonald’s to modernize its restaurants, reduce labor and maintenance demands, and adapt to changing consumer habits that increasingly favor takeout, delivery and drive-thru service over dining in.
MCDONALD’S GOES ALL-IN ON AFFORDABILITY: FULL MENU REVEALED FOR NEW UNDER $3 AND $4 DEALS

A self-serve soda fountain at a McDonald’s restaurant, a feature the company is phasing out nationwide. (Mario Tama/Getty Images / Getty Images)
The company plans to complete the transition away from self-serve beverage stations in U.S. dining rooms by 2032, with the changes expected to roll out gradually over the next several years as restaurants are remodeled or updated.
In many locations, drinks are already being prepared behind the counter rather than poured by customers, marking a clear departure from a long-standing self-service model that has been a staple of fast-food dining rooms for decades.
For customers, the change marks the end of a familiar convenience, as self-serve stations have traditionally allowed easy refills and drink customization.
MCDONALD’S PLANS MASSIVE OVERHAUL WITH MAJOR CHANGES TO RESTAURANTS AND MENUS

An exterior view of a McDonald’s fast food restaurant on May 24, 2024. (Paul Weaver/SOPA Images/LightRocket / Getty Images)
The move also gives McDonald’s greater control over beverage portions, cleanliness and inventory, while cutting maintainance costs for the self-serve machines.
The shift reflects a broader trend across the fast-food industry, where companies are prioritizing speed, efficiency and digital ordering over traditional dine-in experiences.
At the same time, McDonald’s has rolled out an expanded menu featuring new “dirty sodas” and refreshers as consumer demand shifts beyond traditional soft drinks and coffee.
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McDonald’s is currently rolling out new drink options, to include ‘dirty sodas.’ (Smith Collection/Gado/Getty Images / Getty Images)
In a statement to FOX Business, McDonald’s signaled the shift, saying: “Our fans’ love for McDonald’s beverages runs deep… Next month, we’re building on that passion with a new era of beverages, featuring a variety of Refreshers and crafted sodas rolling out nationwide.”
The company added that it will share more details soon.
McDonald’s did not immediately respond to FOX Business’ request for comment regarding the removal of the fountain machines.
Business
Mexico’s ruling morena party appoints Adriana Montiel as new leader

Mexico’s ruling morena party appoints Adriana Montiel as new leader
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LG Display Q1 2026 slides: OLED shift advances amid revenue decline

LG Display Q1 2026 slides: OLED shift advances amid revenue decline
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German chancellor downplays row with Trump after troop drawdown announced

German chancellor downplays row with Trump after troop drawdown announced
Business
Southwest honors Spirit Airlines captain after retirement flight canceled
Fox News correspondent Madison Scarpino reports on Spirit Airlines shutting down, canceling all flights, causing travelers to rebook with other airlines, on ‘Fox Report.’
A Spirit Airlines captain whose retirement flight was scrapped by the carrier’s sudden shutdown got an unexpected sendoff as a Southwest crew stepped in to honor his decades in the cockpit.
Capt. Jon Jackson was supposed to fly his final trip before retirement but instead found himself seated in the back of a Southwest flight heading home with his son, Chris Jackson, a Southwest first officer, Southwest wrote on Instagram.
“Chris casually mentioned to the flight’s pilots that this would have been his dad’s retirement flight. They seized the opportunity to change the course of the day for Capt. Jackson,” the post read.
The crew quickly sprang into action, coordinating with dispatchers to arrange a surprise retirement tribute upon landing in Baltimore.
SEN WARREN BLASTED FOR CHEERING BLOCKING OF MERGER THAT MIGHT HAVE SAVED SPIRIT AIRLINES

A Spirit Airlines Airbus A321 aircraft parked at Luis Munoz Marin International Airport after the airline announced it was ceasing operations, in Carolina, Puerto Rico, May 2, 2026. (Reuters/Ricardo Arduengo)
When the aircraft touched down, airport fire crews greeted it with a traditional water cannon salute, a symbolic honor typically reserved for milestone flights. Ground crews then welcomed the veteran pilot at the gate with cheers and a celebratory bottle of champagne.
“Ladies and gentlemen, Mr. Jon Jackson,” a gate agent said over an intercom as the retiring pilot walked out to a round of applause from airport workers and travelers at the crowded gate.
“Very overwhelming, I can’t thank you all enough,” Jackson said as he received a bottle of champagne. “As Spirit goes down, this is kind of a sad day, and you guys made it incredible. Thank you so much.”

Spirit Airlines jets sat on the tarmac at Fort Lauderdale-Hollywood International Airport in Florida, on May 2, 2026. (Giorgio Viera/AFP via Getty Images)
TRUMP TRANSPORTATION SEC DUFFY ANNOUNCES RELIEF FOR SPIRIT AIRLINES FLYERS, EMPLOYEES
Southwest said the gesture was meant to recognize Jackson’s years of service after his original retirement plans were abruptly canceled.
“It was a powerful reminder of the aviation community’s ability to show respect, compassion, and solidarity when it matters most,” the airline said in the social media post.
The memorable farewell comes after Spirit announced early Saturday it would cease operations immediately, canceling all flights and shutting down customer service, leaving many travelers stranded.

A message from Spirit Airlines at Orlando International Airport, as the airline announced it was ceasing operations early Saturday morning, in Florida, May 2, 2026. (Reuters / Miguel Rodriguez)
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The collapse of the budget airline also reignited debate over whether federal regulators got it wrong in blocking a proposed JetBlue-Spirit merger, with opponents now arguing the decision may have reduced competition and contributed to the airline’s downfall.
Fox News Digital’s Jasmine Baehr contributed to this report.
Business
Kashkari says Iran war limits Fed’s ability to provide rate guidance

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