Rocket Lab’s management called the purchase “a shortcut” for its satellite communications business.
Source: Sherwood News.
Category: Business
-
Hollywood may have its best year at the box office since 2019, but streaming audiences are still obsessed with old content
Viewers are opting for catalog content over new shows and movies across (pretty much) every major streamer.
Source: Sherwood News.
-
Comcast shares rise on news of NBCUniversal spinoff deal
Comcast (CMCSA) rose on the news that the telecom behemoth is spinning off NBCUniversal and Sky from its cable portfolio. Comcast initially jumped up to 17% in early trading, with the deal leaving management…
Source: Sherwood News.
-
America’s young would-be homebuyers can’t afford to wait much longer for the housing bill
The gap between median home prices and under-40s’ wages has never been wider.
Source: Sherwood News.
-
Blackberry managed to build a real business out of its memestock boom
Its not your daddy’s BlackBerry.
Source: Sherwood News.
-
Prime Day is here again and Amazon’s subscription service has never been more popular
More than 200 million Americans now use prime, per the latest estimates.
Source: Sherwood News.
-
What Wall Street’s looking for from Micron’s Q3 earnings report
A year ago, Micron’s monthly volumes on Robinhood were about 6% of Nvidia’s. Now, they’re running more than double that of the AI chip leader.
Source: Sherwood News.
-
Wendy’s spikes on heightened attention from Reddit’s retail traders
From flipping burgers to being flipped by retail traders.
Source: Sherwood News.
-
Over 50% of Americans say climate change is a serious threat; only 10% think their compatriots feel the same
That perception gap on the issue is among the highest in the world, per a new Gallup poll.
Source: Sherwood News.
-
Leverage in the AI trade is even scarier than the debt used for its build-out
US stocks get the hiccups, Korean markets throw up, US stocks catch a fever.
Source: Sherwood News.
-
Google invests $75 million in film studio A24, forms AI partnership
The investment marks the first time Google has taken a stake in a film studio.
Source: Sherwood News.
-
Reddit’s advertising business is getting bigger. It’s already booming.
The platform will plow more money into its ad offerings as it cements itself as a “trove of human intelligence.”
Source: Sherwood News.