The labor secretary lasted in the cabinet-level position a little more than a year.
Source: Sherwood News.
Category: Business
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Alaska Air expects higher fuel costs to add $600 million in expenses in Q2
Alaska Air reported its first-quarter earnings after the bell Monday.
Source: Sherwood News.
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Amazon to invest up to $25 billion more in Anthropic; Claude developer to spend more than $100 billion on AWS AI technology
This is the latest edition of a frenetic dash for AI compute to power Claude, which is undergoing some problems of success.
Source: Sherwood News.
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Tim Cook to step down as Apple CEO, John Ternus to replace him
Ternus was considered the front-runner for the job. During Cook’s tenure, he oversaw Apple stock gains of 1,933%, nearly quadrupling the S&P 500.
Source: Sherwood News.
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Stocks close lower as Trump says Strait of Hormuz will remain closed until deal is signed
Oil raillied and stocks closed lower, paring steeper losses.
Source: Sherwood News.
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Report: Google DeepMind builds “strike team” to catch up to Anthropic models
The Information reports that recent advances in Anthropic’s Claude coding capabilities have spurned the creation of a team to “urgently bridge the gap” in AI agents.
Source: Sherwood News.
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The stock market makes just as much sense as it usually does right now
Does the stock market make sense right now? I don’t know. But it doesn’t not make sense.
Source: Sherwood News.
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DeFi sheds $13 billion in TVL following $290 million KelpDAO hack
The exploit was DeFi’s largest hack of the year so far.
Source: Sherwood News.
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Netflix’s Reed Hastings is pretty much the reason everything is a subscription business today
Hastings created a subscription model that made Netflix “revered as one of the most innovative companies in Silicon Valley” and sparked a wave of companies that want you to open your wallet monthly.
Source: Sherwood News.
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Tesla’s 2025 tax bill was $0 thanks in part to shifting billions in profit offshore
Reuters found that Tesla likely shifted $18 billion in profits offshore, saving at least $400 million in US taxes.
Source: Sherwood News.
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Robotaxis are the new millennial lifestyle subsidy
Get ’em while they’re cheap.
Source: Sherwood News.
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Strategy overtakes BlackRock in bitcoin holdings as digital treasury landscape weakens
With its latest acquisition of 34,164 bitcoin, Strategy now holds 815,061 bitcoin — about 4% of the total bitcoin supply.
Source: Sherwood News.