Shipping giant boss warns Iran war will have bigger impact in coming months as customers face price hikes
Maersk said the Iran war had introduced an “additional layer of uncertainty” as it reported first-quarter earnings on Thursday.
Oil giant Shell tops quarterly profit estimates as Iran war drives price surge
Britain’s Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
It’s not just Big Oil. Wind giants welcome profit beats as Iran war spurs energy pivot
Norway’s Equinor told CNBC that the company expects the Iran war to deliver a boost to its transition industries.
SoftBank shares surge over 16% as Japan tech stock-fueled rally lifts Nikkei 225 to record highs
The benchmark Nikkei 225 surged over 5% to a record high as Japan reopened after extended Golden Week holidays.
Japan’s Nikkei 225 tops 61,000 for the first time as Asia markets look past Trump’s Iran threats
Asia-Pacific markets jumped, shrugging off renewed tensions in the Middle East.
Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe
Oil executives have warned that the supply disruption in the Middle East will soon cause actual fuel shortages in some parts of the world.
DoorDash pops 14% on strong earnings, upbeat order guidance
DoorDash is in the middle of a massive spending initiative as it builds out a new tech platform following a string of acquisitions.
Nvidia is falling behind as semiconductors surge. Here’s what analysts say is going on
The GPU-maker is flat since April 27, while Intel and Micron have popped more than 30% in that time.
Snap issues cautious guidance as Perplexity deal ends, Middle East ‘geopolitical situation’ causes uncertainty
Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity.
Elon Musk’s Terafab chip factory in Texas could cost up to $119 billion, filing shows
Elon Musk’s giant Terafab facility in Texas could cost up to $119 billion, with hopes of manufacturing chips for Tesla, SpaceX and xAI