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APA News30 articles
Brent Crude Surges Past $105 on Hormuz Supply Concerns
Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.
Delta CEO: Lower Jet Fuel Alone Won't Cut Fares Without Capacity Growth
Delta CEO Ed Bastian says lower jet fuel prices alone won't lower fares without increased flight capacity. U.S. carriers paid $6.47 billion for fuel in April, up 78% from last year, while Q3 capacity growth is just 0.4%.
US Makes Global Hawk Drone Deployment in Japan Permanent
The US Air Force has permanently stationed three RQ-4B Global Hawk drones at Yokota Air Base, Japan, shifting from seasonal to year-round operations to boost surveillance in the Pacific.
Microsoft Shares Dip as Cloud Capacity Woes Persist Ahead of Key Data
Microsoft shares fell 2.9% this week, underperforming the broader market as cloud capacity issues and a failed Oracle deal weigh on sentiment. Key earnings and inflation data loom.
Ondas Acquires Cyberhawk in $125M Deal, Boosting Drone Inspection Capabilities
Ondas Inc. announced a $125M cash acquisition of Cyberhawk, a drone inspection firm, expanding its utility and energy market reach.
Netflix Edges Up Despite Jefferies Target Cut, Focus on APAC Mobile Launch
Netflix shares edged up 0.9% to $82.13 despite a Jefferies price target cut, as the market focuses on the company's new mobile app features in Asia-Pacific and Q2 margin guidance.
TSMC Revenue Hits Record in May, Yet Shares Dip on Capacity Concerns
TSMC posted record May revenue of NT$416.98 billion, up 30.1% year-on-year, but shares fell 2.17% as investors focus on capacity and margin challenges amid surging AI chip demand.
Idaho Power Seeks Approval for Two Gas Plants to Address Capacity Gaps
Idaho Power seeks state approval for two new gas plants to address projected capacity deficits of 236 MW in 2029 and 352 MW in 2030, with no immediate rate hike proposed.
TSMC ADRs Surge on Nvidia's AI PC Chip Launch and Tight Capacity
TSMC's US-listed shares surged 5.4% to $441.09 after Nvidia unveiled its RTX Spark AI PC chip, reinforcing demand for TSMC's advanced manufacturing amid tight capacity.
Asia Markets Mixed as AI Rally Boosts Japan and Taiwan, India Slips
Asian markets closed mixed on Friday, with Japan's Nikkei surging 2.53% on AI optimism, while India's Sensex fell 1.44% amid inflation concerns. Taiwan raised its 2026 GDP forecast to 9.64%.
7-Eleven Japan Pioneer Toshifumi Suzuki Dies at 93 Amid Strategic Pivot
Toshifumi Suzuki, the visionary who introduced 7-Eleven to Japan and expanded it globally, died at 93. His passing comes as Seven & i Holdings navigates a delayed North America listing and reshaped M&A landscape.
Skillz Shares Surge 18% on $420M Papaya Ruling Hope
Skillz shares rose 18.2% to $7.80 amid anticipation of a June court ruling on a $420 million false advertising verdict against Papaya Gaming.
ImmunityBio Secures Exclusive US Rights to Japan BCG Strain for Bladder Cancer
ImmunityBio announced exclusive U.S. rights to Japan BCG Laboratory's Tokyo-172 BCG strain for bladder cancer therapy, with FDA discussions planned. Shares closed at $7.97 Friday, down 2.2%.
ServiceNow Partners with Experian to Bolster AI Workflow Capabilities
ServiceNow and Experian have formed a global multi-year partnership to integrate Experian's Ascend data tools into ServiceNow's AI workflows, with initial applications in employee onboarding and risk management.
TSMC Revises Global Chip Market Forecast to $1.5 Trillion, Highlighting AI-Driven Capacity Squeeze
TSMC increased its 2030 global semiconductor market forecast to $1.5 trillion, driven by AI demand. AI and high-performance computing are expected to represent 55% of the market.
Coherent Bounces Back as AI Data Center Demand Drives Capacity Expansion
Coherent shares rebounded 5.03% to $335.26 on Friday, recovering from a post-earnings slide, as AI data-center demand and a $2 billion Nvidia deal drive capacity expansion.
Delta Debuts High-Capacity A321neo with 44 First Class Seats as Interim Solution
Delta Air Lines will deploy seven Airbus A321neos with 44 domestic first-class seats starting May 20 on Atlanta-Los Angeles flights, a temporary fix for flatbed suite delays.
Nebius Acquires Eigen AI for $643M to Boost Inference Capabilities
Nebius Group N.V. acquires Eigen AI for $643M to advance AI inference, with shares jumping 11.3%.
Palo Alto Networks Surges on Japan AI Cyber Task Force Announcement
Palo Alto Networks shares gained 3.08% on Friday following Japan's creation of a financial-sector cybersecurity task force, driven by concerns over AI-powered threats from Anthropic's Mythos model.
Skillz Surges on $420M Papaya Verdict, Then Tumbles as Reality Sets In
Skillz shares soared 238% on a $420M jury verdict against Papaya Gaming, then dropped 25% pre-market as the market digested the company's $70.4M net loss.
Skillz Stock Skyrockets After $420M False Advertising Win Over Papaya Gaming
Skillz stock soared 187% after a jury ordered Papaya Gaming to pay $420 million for false advertising, with the possibility of an additional $652 million in disgorgement.
Greg Abel Consolidates Control of Berkshire's Portfolio, Shifts Focus to Japan
Greg Abel has tightened his grip on Berkshire Hathaway's $300 billion stock portfolio, increasing exposure to Japan while trimming U.S. holdings like Apple and Amazon.
ASML Confirms Capacity to Meet 2026 AI Chip Demand, Cites China and Tech Adoption Risks
ASML's CEO assured investors the company will not constrain the global chip industry's ability to meet AI-driven demand in 2026, following significant capacity investments. The company raised its 2026 sales outlook to €36-40 billion, though it flagged persistent risks from geopolitics and the adoption of its newest, costlier machines.
Ondas Expands ISR Capabilities with World View Acquisition
Ondas Holdings has finalized its purchase of World View Enterprises, enhancing its intelligence, surveillance, and reconnaissance network. The company's stock rose nearly 5% following the announcement.
United Airlines Shares Drop on Soaring Fuel Costs, Capacity Cuts
United Airlines Holdings shares tumbled 4.46% Friday as the carrier warned employees of potential $175 per barrel crude oil prices and announced deeper flight reductions, primarily from Chicago O'Hare.
Royal Caribbean Unveils 2028 Galapagos Sailings Amid Premium Push
Royal Caribbean Group has launched reservations for over 50 Celebrity Cruises Galapagos voyages set for 2028, emphasizing its upscale, destination-focused strategy. The company's stock declined 1.9% alongside peers, while oil prices fell sharply.
Chevron Eyes Brazil's Ipiranga Stake Amid Ultrapar Restructuring
Chevron is in discussions to acquire a minority stake in Brazilian fuel distributor Ipiranga, sources indicate. Parent company Ultrapar has engaged BTG Pactual to manage a potential sale as it shifts focus away from fuel distribution.
Mineral Resources Achieves Full Crusher Capacity at Onslow Iron Project
Mineral Resources has activated three crushers at its Ken's Bore operation, achieving installed capacity of 40.9 million tonnes annually. The company shipped 8.7 million tonnes from Onslow Iron last quarter while working to reduce its A$4.9 billion net debt.
Nvidia Reallocates TSMC Capacity from China-Bound H200 to Vera Rubin AI Platform
Nvidia has reportedly stopped manufacturing its H200 AI chips for the Chinese market, reallocating Taiwan Semiconductor Manufacturing Co. capacity to its next-generation Vera Rubin platform. The company holds U.S. licenses for limited H200 shipments to China, but no sales have occurred.
Applied Optoelectronics Stock Slides on CFO's Capacity Warning
Applied Optoelectronics shares declined 6.4% after CFO Stefan Murry highlighted capacity constraints and potential indium phosphide bottlenecks. The company expects 800G transceiver shipments to increase in Q2.