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SOBO News30 articles
Keystone XL Revival: Prairie Connector Faces 550K bpd Hurdle
South Bow's Prairie Connector, a scaled-down Keystone XL revival, faces political risk and 550,000 bpd capacity questions amid U.S.-Canada trade tensions.
Southern Cross Media Faces Grand Final Revenue Test After Record Brownlow
Nick Daicos' record 47-vote Brownlow Medal sets a high bar for Southern Cross Media's Seven network as it broadcasts the AFL Grand Final amid weak advertising and falling TV revenue.
South Carolina Gas Prices Surge 38.7% Year-Over-Year, Squeezing Household Budgets
South Carolina's average gas price reached $3.9243 a gallon, up 38.7% year-over-year, adding $16.42 to a 15-gallon fill-up. Wholesale RBOB futures suggest a possible pause in the climb.
Interactive Brokers Jumps 5.5% on South Korea Market Entry Deal
Interactive Brokers (IBKR) shares jumped 5.5% after announcing a distribution deal with Daol Investment to offer global equities in South Korea. Q2 net revenue climbed 28% to $1.90 billion.
Southwest Stock Steady as Honolulu Probes Flight Attendant Death
Southwest Airlines (LUV) shares gained 0.82% as Honolulu police investigate a flight attendant's death, with no signs of market disruption.
Southwest Airlines' Revenue Surge Outpaces Passenger Growth, Raising Operational Concerns
Southwest Airlines (NYSE:LUV) posted strong Q2 revenue growth but faces execution risks as passenger numbers decline. Boarding procedures remain unchanged despite crew adjustments.
South Korea's KOSPI Plunges 10.8% as Chip Rout Deepens on AI Worries
The KOSPI suffered its steepest one-day loss since March, sliding 10.8% as chip giants SK Hynix and Samsung Electronics tumbled on AI demand fears and Chinese competition worries.
Southwest Airlines Posts 20% Unit Revenue Surge; Fuel Hedging Gap Raises Risk
Southwest Airlines (NYSE:LUV) reported a 20.1% jump in adjusted unit revenue, but with fuel hedges expiring in 2025, rising oil prices pose a significant risk to earnings. Q2 EPS of $0.94 beat expectations, but Q3 guidance of $0.50-$0.75 fell short.
EQT Boosts 2026 Production Forecast as Southgate Investment Optimizes Capital
EQT raised its 2026 production midpoint by 3.8% while total planned capital increased 2.1%, as Southgate investment offset lower maintenance spending.
Southwest Fuel Leak Incident Has Limited Financial Impact Ahead of Q2 Results
A single Southwest Airlines jet was diverted after a suspected fuel leak, affecting 0.125% of its fleet. All eyes are now on the carrier's Q2 earnings call on Thursday.
Southland Holdings Surges on Major Winnipeg Civil Contract Win
Southland Holdings shares surged 67.3% to $1.14 after winning a C$272 million Winnipeg civil infrastructure contract, which represents 27.5% of its March Civil backlog.
SDG&E Outage in South Orange County May Slightly Impact Reliability Metrics
A power outage affecting 22,525 SDG&E customers in South Orange County could nudge the utility's system-wide outage duration metric by up to 3.38 minutes, but is unlikely to affect Sempra's earnings.
Amazon Leo Signs Herotel for South Africa Despite Sparse Satellite Fleet
Amazon has partnered with Herotel to distribute its Leo satellite broadband in South Africa, aiming for a 2027 launch despite having only 12% of its planned first-generation constellation in orbit.
Air Premia Partners with Southwest to Expand US Reach
Air Premia partners with Southwest Airlines, allowing Korean travelers to book one ticket to over 120 US cities via LA, San Francisco, and Honolulu.
South Korea's KOSPI Plunges into Bear Territory as AI Rally Unwinds
The KOSPI index fell into a bear market, down over 20% from its June high, driven by a selloff in AI-related stocks. Global markets also declined amid rising bond yields and geopolitical risks.
South Korean Stocks Tumble 20% from Peak Amid Chipmaker Volatility and AI Jitters
South Korean shares dropped 20% from their peak amid chipmaker volatility and AI concerns. Crinetics Pharmaceuticals surged 98.7% on a $10 billion Vertex acquisition deal.
Burry Warns South Korea Stimulus May Signal Market Top; NVIDIA Slips Below $200
Michael Burry warns South Korea's stimulus could mark the end of the rally. NVIDIA dips under $200 amid AI worries, while Meta surges on AI cloud service news.
Micron Shares Plunge 7.6% as South Korean Chip Expansion Stirs Oversupply Fears
Micron shares tumbled 7.6%, wiping out $98 billion in market value, as South Korea's $518 billion chip expansion plan ignited fears of oversupply and pressured memory pricing.
Southwest Airlines Trims St. Louis Routes, Shifts Focus to Higher-Yield Markets
Southwest Airlines is cutting seven St. Louis route pairs for Q3 2026, trimming local seats by 8% and reducing airport share to 61% as part of a broader strategy to enhance unit revenue.
South Korea's $518B Chip Plan Fails to Impress Investors
South Korea's revised 800 trillion won ($518.3B) chip plan, down 60% from earlier estimates, sent Samsung down 4.86% and SK Hynix down 1.68% as investors focused on capex load.
Novo Nordisk B Shares Surge on South African Court Ruling Against Compounder
Novo Nordisk B shares surged 9.9% in three sessions after a South African court halted iDexis from supplying compounded semaglutide, potentially shifting demand to Novo.
Tech Selloff Drags US Futures Lower; South Korea's KOSPI Plunges 10%
US stock futures fell sharply Tuesday as a tech selloff erased optimism over US-Iran talks. South Korea's KOSPI plunged nearly 10% on regulatory ETF warnings.
SK Hynix Ousts Samsung as South Korea's Top Stock by Market Cap
SK Hynix overtook Samsung Electronics as South Korea's most valuable listed company, fueled by soaring demand for its high-bandwidth memory chips used in AI servers.
Southwest Airlines Targets 2028 for AWS Cloud and AI Transformation
Southwest Airlines plans to shift core systems to AWS cloud and AI by 2028, supporting its commercial overhaul to assigned seats and bag fees. Shares dipped 1.6%.
Coupang Shares Jump as South Korea Privacy Fine Decision Nears
Coupang shares climbed ahead of a South Korean privacy ruling that could fine the company up to 1.36 trillion won over a data breach. The decision, expected Thursday, will weigh on the stock.
Nvidia's AI Deals in South Korea Face Market Skepticism as Chip Rout Deepens
Nvidia shares remain under pressure near Friday's steep decline despite new AI infrastructure deals in South Korea, as the broader chip sector reels from rate hike concerns and valuation fears ahead of Monday's open.
Southwest Airlines Eyes Long-Haul International Expansion to Boost Revenue
Southwest Airlines is expanding its network with new leisure routes and long-haul international ambitions, targeting eight to 12 destinations within five years to drive growth after record Q1 results.
Glencore Eyes Monday Catalyst as South Africa Greenlights Ferrochrome Power Relief
Glencore shares ended the week nearly unchanged at 567.80 pence, as South Africa approved a temporary discounted power rate for the Glencore-Merafe ferrochrome venture, offering cost relief ahead of Monday's market open.
STB Pauses $85B Rail Merger, Demands More Data from Union Pacific and Norfolk Southern
The STB accepted Union Pacific and Norfolk Southern's revised merger filing but paused the case, demanding more information by July 27. Shares fell 4.2% and 5.4%.
Energy Vault and Eskom Partner on Gravity Storage at South African Coal Plant
Energy Vault and Eskom have inked a deal to build a 25-MW gravity storage system at Hendrina Power Station, with potential expansion to 4 GW, targeting 4 GWh across Southern Africa by 2035.