business

Max Knoblauch5/12/25

Plug Power beats Wall Street sales estimates but investors aren’t electrified

Hydrogen fuel cell company Plug Power was largely flat in after-hours trading on Monday, following the company’s first-quarter earnings report.

Plug reported revenue of $133.7 million on the quarter, beating the analyst estimates of $132 million. The company posted a loss per share of -$0.21, slightly worse than Wall Street expectations of a -$0.19 loss. Shares were down about 2% in after-hours trading.

Plug reported a -55% gross margin loss for the quarter, significantly better than the -132% margin in the same period last year. For the second quarter, it forecast revenue between $140 million and $180 million.

Last month, Plug projected that recent cost-saving measures would save it $200 million per year. Those preliminary results, along with a $525 million credit pact with Yorkville Advisors, sent its shares up 40% on the day.

As of market close, the company’s shares were down more than 60% this year. At less than a dollar per share, the stock is down massively from an early 2021 peak in the mid-$60 range (adjusted for splits), when investors were optimistic about the Biden administration’s desire to support alternative fuels.

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Apple is turning 50 today and it doesn’t look a thing like its younger self

From Macs to iPods, iPhones, and now services, here’s how Apple’s business has looked every 10 years.

Birthday Green apple

The entrance of Allbirds seen from Hayes St. in San Francisco, Calif.

Allbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for $39 million

That’s less than 1% of its peak market cap about four years ago.

Tom Jones3/31/26

business

Max Knoblauch3/30/26

JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

JetBlue Airways raises bag fees as fuel prices soar

JetBlue Airways raises bag fees as fuel prices soar

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

flavor of the month

Americans won’t tolerate bland food anymore — and it’s turned McCormick into a ~$7 billion-a-year spice and sauce giant

Now, McCormick is eyeing Unilever’s food business.

Bottles of Frank's RedHot Xtra Hot and Sweet Chili on a

Crocs’ prince charming

ByChrisStokel-Walker

FriMar 272026

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