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Former New York City Mayor Rudy Giuliani is hospitalized in critical, but stable condition, a spokesperson for the close ally of President Trump said Sunday.

California lost a net 54,000 residents last year, the first population drop since the pandemic.

Jane Street Paid Employees $9.4 Billion, Twice What It Paid Last Year, After Record 2025 Results

Jane Street Group has evolved from a niche trading shop into one of Wall Street’s most profitable firms and employees are reaping the rewards. The firm paid roughly $9.4 billion in compensation last year, more than twice what it distributed a year earlier, according to Bloomberg.

On average, that translated to about $2.7 million per employee, far ahead of traditional banks like Goldman Sachs. The massive payouts followed a record year in which Jane Street generated nearly $40 billion in trading revenue, outpacing major banks and rivals in the market-making business.

Bloomberg writes that the firm started in 2000 trading American depositary receipts before expanding into ETFs and other electronically traded assets. As more markets became automated, Jane Street scaled aggressively and now handles trading across equities, bonds, ETFs, and other products.

Its financial resources have grown just as dramatically. The firm’s internal capital base has climbed to roughly $45 billion, up nearly twentyfold over the past decade, giving it significant flexibility to capitalize on market swings without relying heavily on outside funding. It has also raised additional cash through debt markets.

That war chest has allowed Jane Street to move beyond day-to-day trading. The firm has built positions in high-growth tech companies, including Anthropic, and has also backed CoreWeave while exploring deals involving Fluidstack.

Jane Street also operates differently from most major financial firms. It doesn’t have a traditional CEO hierarchy and is instead overseen by a group of partners. The firm is well known for recruiting mathematicians, engineers, and problem-solvers to sharpen its trading systems.

Despite regulatory and legal challenges — including scrutiny in India and litigation tied to the collapse of Terraform Labs — Jane Street continues to widen its lead. It outperformed Citadel Securities last year and is continuing to expand, including plans for a larger office in London.

Recall, we wrote just days ago that Jane Street reeled in a Wall Street record $39.6 billion of trading revenue last year, more than any Wall Street bank. According to the report, the firm beat out all global investment banks after reaping $15.5 billion in the year’s final quarter, and with only 3,500 employees, it beat nearest rival JPMorgan by 11% during the year. The company's adjusted ETBIDA for the full year was a stunning $31.2 billion. 

While Jane Street’s profits were lifted by surging valuations of its stakes in privately held companies, the firm’s main business matching buyers and sellers across assets thrived on bouts of market volatility. The new annual record - which includes gains on long-term investments - shows "how the balance of power has shifted in one of the most lucrative arenas of global finance."

While it has kept a remarkable low profile, its recent public appearances have been less than laudatory: The company's record haul is confirmation that Jane Street, long known for its secrecy, was able to keep growing after getting thrust into the spotlight in mid-2025 when authorities in India accused of manipulating markets while running what had once been one of the firm’s most lucrative trading strategies.

Jane Street has denied those allegations and is fighting them in court. In February, Jane Street was sued by the bankrupt Terraform Labs estate, accusing it of engaging in insider trading that precipitated the $40 billion crash of cryptocurrencies associated with Terraform; this week the HFT firm also urged a judge to throw out that lawsuit.

Tyler Durden Sun, 05/03/2026 - 19:15

The Yankees are optioning Anthony Volpe back to the minors, The Post’s Joel Sherman first reported.

This is when it gets fun. Familiarity.

A crutch and bloodstains could be seen in the middle of the roadway after the horror.

Inside Teyana Taylor’s Star-Studded Pre-Met Gala Celebration in NYC

Sarah Paulson, Irina Shayk, Hunter Schafer and more showed up for the NYC pre-party.

Despite being widely used by gym-goers, even one popular supplement has its limitations, according to new research.

After the UCLA women’s beach volleyball team was upset in the NCAA Tournament last season, the Bruins made a pledge to Maggie Boyd about her last college season. We are going to have your back. On Sunday, in a stunning display of dominance, they made good on that promise. UCLA beach volleyball players Kaley Mathews...

Liberty star Sabrina Ionescu prematurely left Sunday’s preseason finale with an apparent left ankle injury.

Cade Cunningham had 32 points and 12 assists, Tobias Harris added 30 points and the Detroit Pistons beat the Orlando Magic in Game 7 on Sunday.

An anti-ICE mob stormed a Brooklyn hospital to protect an illegal Nigerian immigrant with a rap sheet, federal officials said.

"It could be rearing young in that area or it's just, you know, you're in their area and they want you to go," Miller said.

"This behavior is unheard of for Murry, and we are all panicking," said close friend Charlie King. "Time is of the essence, and Murry's friends and family are so, so worried."

The annual event dates back to 1977.

New users can use the Fanatics promo code NYPOST to claim a bet $20, $200 FanCash welcome bonus for the NBA Playoffs.

Mallory McMorrow, a Michigan state senator, has been seen as a rising star within progressive circles and is running in a very competitive Democratic primary to succeed retiring Sen. Gary Peters.

Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly increase, OPEC+ said in a statement

JetBlue Moves Fast To Turn A Spirit Collapse Into A Masterclass Growth Opportunity

Summary:

• JetBlue Moves Quickly To Expand Market Share 

• Treasury Sec. Scott Bessent Comments on Spirit's Demise

• Airlines For America CEO Chris Sununu Blasts Democrats For Spirit's Death Spiral

• Duffy Pledges Relief For Customers, Workers

• Spirit Airlines Is Dead, Flights Canceled

JetBlue Makes Ultimate Power Move 

Mike Netter, a conservative talk show radio host from California, wrote on X that JetBlue Airways is already moving quickly to expand its market share following the demise of Spirit Airlines, which shuttered operations on Saturday:

JetBlue just pulled the ultimate power move. Hours after Spirit Airlines went dark, JetBlue swooped into South Florida with a full-blown rescue mission—and they're not playing small.

Here's the breakdown: $99 rescue fares for anyone holding a valid Spirit ticket. Same route, same dates, just call 1-800-JETBLUE. Flying Fort Lauderdale to San Juan? Blue Basic is capped at $299 through May 8.

But that's just the warm-up. JetBlue is exploding at Fort Lauderdale-Hollywood International—adding 11 brand new cities, extra flights on existing routes, and pushing nearly 130 daily departures this summer. That's a 75%+ jump from last year and their biggest FLL operation EVER. CEO Joanna Geraghty put it plainly: "South Florida is a key market... we're stepping up, adding service, and keeping fares competitive." (Translation: we're taking over.)

Fun fact? Fort Lauderdale was JetBlue's very first destination back in 2000. Now they're reclaiming it after Spirit held 27% of that market. Oh, and they're not leaving Spirit's crew behind either—jumpseat access for two weeks and job interviews for qualified staff.

This is how you turn a market collapse into a masterclass.

JetBlue just pulled the ultimate power move. Hours after Spirit Airlines went dark, JetBlue swooped into South Florida with a full-blown rescue mission—and they're not playing small.

Here's the breakdown: $99 rescue fares for anyone holding a valid Spirit ticket. Same route,… pic.twitter.com/35exJrOuLE

— Mike Netter (@nettermike) May 3, 2026

Netter's X post drew immediate reactions from X users:

So in other words, the merger went through without Pocahontas after all. 🤣

— Tom Steele (@tsteele93) May 3, 2026

So, it is effectively a merger of Spirit and Jet Blue anyway, except Spirit's shareholders got screwed by Warren & Biden.

— OldSaltCityAce 🇺🇸 🏴󠁧󠁢󠁳󠁣󠁴󠁿 👑 (@OldSaltCityAce) May 3, 2026

lol got the acquisition blocked by special ed politicians just so they can take market share from spirit for freeee 😂

— SwaggyP (@PoonBerry01) May 3, 2026 Treasury Sec. Scott Bessent Responds To Spirit's Demise 

Treasury Sec. Scott Bessent told Fox News' Sunday Morning Futures with Maria Bartiromo earlier that "Had Spirit Airlines been allowed to merge with Jet Blue, it would have given them much more resiliency."

Had Spirit Airlines been allowed to merge with Jet Blue, it would have given them much more resiliency.

Thanks to @SenWarren, @PeteButtigieg, and all of their friends in the Biden Administration who backed their enthusiastic opposition to the Spirit-Jet Blue merger, dozens of… pic.twitter.com/JhtKcAEnFu

— Treasury Secretary Scott Bessent (@SecScottBessent) May 3, 2026 Head Of Airlines Lobbying Group Blasts Democrats For Spirit's Death Spiral

Chris Sununu, president and CEO of Airlines for America, the lobbying group representing major U.S. passenger and cargo airlines, blasted Democrats under the Biden-Harris regime era for accelerating bankrupt Spirit Airlines' demise after the blocked Spirit-JetBlue merger. 

This aged well!

I've warned for months that a @JetBlue-@SpiritAirlines merger would have led to fewer flights and higher fares.@JusticeATR and @USDOT were right to stand up for consumers and fight against runaway airline consolidation.

This is a Biden win for flyers! https://t.co/lJFGS3ucv3

— Elizabeth Warren (@SenWarren) March 6, 2024

"In their own BIG GOVERNMENT way, they said, no, we won't allow [the merger] to happen! And THIS is the result! What folks warned was going to happen ultimately came to fruition, unfortunately," Sununu told Fox News.

He continued, "The opportunity that an airline like Spirit creates for those kinds of working-class customers, if you will, they have a lot of low fares, a lot of that point-to-point stuff that those consumers really relied on, they threw it away!"

"They absolutely threw it away! They had the opportunity to make sure they could survive. They didn't want to look at the math," he emphasized, adding, "They didn't want to understand the business models."

Sununu commended President Trump for putting together a rescue deal to save the bankrupt airline. But as of Saturday morning, the liquidation process had begun, with all flights canceled.

🚨 NOW: Airlines for America President Chris Sununu EXPOSES Elizabeth Warren and Pete Buttigieg for DESTROYING lower air fares and thousands of jobs by crushing Spirit Airlines

They just harmed the working class — which socialists CLAIM to fight for!

"In their own BIG… pic.twitter.com/nssxHEXCPm

— Eric Daugherty (@EricLDaugh) May 3, 2026 RIP Spirit 

Rest in peace Spirit Airlines pic.twitter.com/7MVmW899pI

— Not Jerome Powell (@alifarhat79) May 3, 2026 The collapse of bankrupt Spirit Airlines Now Official

After several failed attempts by the Trump administration to engineer a rescue package, including a proposed $500 million financing deal that could have left the U.S. government with control of up to 90% of the budget carrier, negotiations broke down late this week.

By Saturday morning, Spirit had begun winding down operations, with all flights canceled and the carrier entering liquidation mode.

The outcome marks the final flight for the budget airline, crushed by years of operational stress, failed merger attempts, mounting debt, and a brutal jet-fuel price shock that derailed its efforts to emerge from bankruptcy this summer.

Well… oops https://t.co/Ahv3e2M8vU

— zerohedge (@zerohedge) May 1, 2026

The Trump administration was willing to explore an extraordinary state-backed rescue to save nearly 7,500 jobs.

Now, however, Transportation Secretary Sean Duffy has announced "ACTION to bring relief to Spirit customers and its workforce." This will include other airlines (United, Delta, JetBlue & Southwest) agreeing to cap ticket prices for Spirit customers who have been left in the lurch, reduced fares on 'high-volume Spirit routes", while American Airlines and United "are creating microsites for Spirit employees looking to continue a career in aviation."

In coordination with our airline partners, we’re taking ACTION to bring relief to Spirit customers and its workforce.

From capped ticket prices for flyers who need to rebook to employees looking for job opportunities, there’s a lot of information you should be aware of.…

— Secretary Sean Duffy (@SecDuffy) May 2, 2026

Spirit's statement about winding down operations:

It is with great disappointment that Spirit Airlines has started winding down its global operations, effective immediately. All flights have been cancelled, and customer service is no longer available. While we are not able to help rebook your flight on another airline, we will automatically process refunds for any flights purchased through Spirit with a credit or debit card to the original form of payment. We are proud of the impact of our ultra-low-cost model on the industry for the last 33 years and had hoped to serve our Guests for many years to come.

pic.twitter.com/Wz3ilRHD2z

— Spirit Airlines (@SpiritAirlines) May 2, 2026 Polymarket odds:

US takes a stake in Spirit Airlines by May 31?

//--> //--> US takes a stake in Spirit Airlines by May 31?
Yes 16% · No 84%
View full market & trade on Polymarket

Spirit Airlines shutdown/liquidation by May 31?

Very easy money

SPIRIT AIRLINES STARTS ORDERLY WIND-DOWN OF OPERATIONS https://t.co/PAtaxmG5gv

— zerohedge (@zerohedge) May 2, 2026

Even as Spirit begins winding down operations, President Trump said Friday that he will "have something on Spirit today or tomorrow."

What that means at this stage is anyone's guess, especially with rescue talks reportedly dead and the airline already moving into full shutdown mode.

Tyler Durden Sun, 05/03/2026 - 18:18