Oracle just had its best day in the stock market since 1992

Tinder owner Match Group has invested $100 million in Sniffies — a gay hookup site that’s earned a reputation as a raunchier rival to Grindr — in a deal that gives it an option to acquire the startup in the future.

It would not be Match’s first investment turned acquisition, having pulled the same strategy with Hinge, its currently fastest-growing app. Match will be sunsetting its existing gay dating app, Archer, and focusing its attention on Sniffies, the company told Bloomberg. The announcement sent Grindr slipping in after-hours trading.

Corning reported Q1 results before the bell on Tuesday that beat Wall Street’s expectations, but shares still fell from the company’s softer second-quarter guidance.

For the first quarter, Corning reported:

• Non-GAAP core earnings per share of $0.70, just beating consensus analyst expectations of $0.69, according to FactSet.

• Core sales of $4.34 billion vs. a $4.30 billion consensus estimate from analysts.

The fly in the Corning ointment was the outlook for Q2 2026. The maker of fiber-optic networking equipment now expects core sales to grow to approximately $4.6 billion, slightly lower than $4.65 billion forecast by analysts. Core EPS is expected to reach a range of $0.73 to $0.77, largely in line with the $0.75 Wall Street consensus.

Management highlighted the company’s “powerful momentum across our Market-Access Platforms,” or five fast-growing industries ranging from optics to mobile consumer electronics, but also noted that an additional $30 million of expense is expected in the second quarter compared to the first, as it upgrades and repairs its solar wafer facility to a “permanent power system.”

After such a hot run, with the stock up 85% so far this year, it’s no wonder that it’s taking a breather on results that don’t give analysts enough excuses to meaningfully bump their forecasts.

Indeed, Corning is one of a number of fiber-optic networking stocks — including Lumentum, Coherent, and Ciena Corp. — that have soared this year. They all handle slightly different aspects of the same undertaking: using light and electrical signals to almost instantly transfer the data that AI technology both consumes and produces.

Demand for their products has jumped as AI’s requirements for bandwidth, speed, and power have moved beyond the capacity of long-standing networking technologies, such as the copper cables that usually carry signals using electricity.

JetBlue reported its first-quarter earnings before markets opened on Tuesday. The carrier’s shares have ticked down about 2% in premarket trading.

For Q1, JetBlue reported:

• An adjusted loss of $0.87 per share, compared to Wall Street estimates of a loss of $0.73 per share from analysts polled by FactSet.

• Total revenue of $2.24 billion, in line with estimates.

JetBlue said it expects to pay between $4.13 and $4.28 per gallon for fuel in the second quarter, up from the $2.40-per-gallon average in the same period last year. The carrier also said it expects to recapture between 30% and 40% of fuel costs in Q2, and 100% by early next year. The airline forecast a boost in capacity by between 1.5% and 4.5% in the second quarter, compared to the Wall Street consensus of 3.2% growth.

Like its major US rivals, JetBlue has been pummeled by higher fuel costs amid the war in Iran despite reporting strong demand. Late last month, JetBlue became the first major US carrier to hike its bag fees in an effort to offset fuel costs. The rest of the industry soon followed.

In the coming days, JetBlue could see significant impact from the outcome of reports that the Trump administration is considering extending a lifeline to low-budget rival Spirit in the form of a loan of up to $500 million.

Like its larger rival United Airlines, JetBlue has reportedly been mulling merger partners of its own. A common industry theory is that United’s efforts to merge with American could have been a means to actually attempt a smaller (but still huge) merger with JetBlue.