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BlackBerry Buyback Set to Start as QNX Drives Stock Rally
BlackBerry's new buyback program, starting May 12, allows repurchase of up to 26.8 million shares after its stock hit a one-year high, driven by strong QNX software results.
American Airlines Prepares for Record Summer Travel Amid Rising Fuel Costs
American Airlines expects to carry 75 million passengers this summer, surpassing its 2019 record, but faces sharply higher fuel costs and reported a $382 million net loss in Q1.
Tesla's European FSD Approval Drive Hits Regulatory Hurdles
Tesla is negotiating with Irish regulators for Full Self-Driving approval, following Dutch provisional clearance. European regulators remain divided on safety and branding issues.
Micron Hits $850B Market Cap as AI Memory Demand Surges
Micron Technology's market value topped $850 billion as shares surged to $746.81, fueled by AI demand for memory chips. Quarterly revenue nearly tripled, with DRAM, NAND, and HBM sales hitting records.
Coterra Energy Delisted After Devon Merger; New Buyback and Dividend Announced
Devon Energy has completed its all-stock acquisition of Coterra Energy, delisting CTRA from the NYSE. Shareholders received 0.70 Devon shares per Coterra share, plus cash for fractions.
IREN Secures $3.4B Nvidia Cloud Deal, Pivots from Bitcoin Mining to AI
IREN Limited inked a $3.4 billion, five-year cloud-services agreement with Nvidia, which also secured an option to purchase up to 30 million IREN shares at $70 each, signaling a strategic pivot from bitcoin mining to AI infrastructure.
Ambev's Share Buyback Surge Faces Brazil Cost and World Cup Hurdles
Ambev bought back 24 million common shares in April, raising treasury stock to 190.97 million. Analysts' 2026 forecasts remain unchanged, focusing on Brazil beer costs and World Cup demand.
Buc-ee's Fuel Policy Shift Draws Customer Ire as Gift Card and Parking Rules Tighten
Buc-ee's is facing customer backlash over new rules requiring fuel purchases at the pump, tighter parking restrictions, and limits on long stays at its travel centers.
Intel Stock Jumps 14% on Apple Foundry Deal: The Real Test Begins
Intel shares surged 13.9% on a reported preliminary chipmaking deal with Apple, but with a $2.44B foundry loss, the real test lies ahead.
XRP ETF Inflows Reach $1.325 Billion After Ripple Bank Settlement Pilot
U.S. spot XRP ETFs drew $6.04 million on May 8, lifting cumulative inflows to $1.325 billion, following a pilot connecting XRP to bank settlement networks.
ON Semiconductor Raises $1.3B via Convertible Notes, Eyes Buyback and Growth
ON Semiconductor priced $1.3 billion in zero-coupon convertible notes due 2031, using $331.9 million for share buybacks, as the chipmaker signals a cyclical recovery and AI-driven demand.
S&P 500 and Nasdaq Hit Records Ahead of CPI Data, AI Chip Stocks Surge
The S&P 500 and Nasdaq set record highs on Friday, fueled by AI chip stocks and a better-than-expected U.S. jobs report. Nvidia, Micron, and Sandisk rose sharply, while Cloudflare dropped 24%.