Trump's $350M fine, hot inflation and Carl Icahn boosting his stake in JetBlue

JetBlue shares spike after Carl Icahn takes 10% stake. Icahn is throwing his weight behind JetBlue's proposed merger with Spirit. JetBlue recently faced another obstacle with its proposed merger between Spirit and JetBlue. The two airlines have been in talks to merge for years.

Hot inflation rocks stocks, Trump's $350M fine and JetBlue flies high on Icahn boost. Inflation reared its ugly head this week in two separate reports, sending shock waves through financial markets and dampening hopes of a rate cut in March. Trump's fine for the fine is $350 million.