The S&P 500 and Nasdaq 100 both notched new record closes as President Trump said the Iran war was “very close to over” and strong earnings from Morgan Stanley and Bank of America bolstered investor sentiment….
Source: Sherwood News.
Category: Business
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Alphabet’s stake in SpaceX could be worth $100 billion
Alphabet is estimated to have a 5% stake in SpaceX, according to financial filings. SpaceX’s IPO is expected to take place later this year, with an estimated $2 trillion valuation.
Source: Sherwood News.
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OpenAI pulls out of Stargate Norway, hands data center off to Microsoft
This is the third piece of Project Stargate that OpenAI is retreating from since a flurry of announcements last year.
Source: Sherwood News.
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OP token rises after payments card provider Ether.fi finalizes migration to the layer 2 network
Ether.fi’s migration added $220 million to OP Mainnet’s total value locked, the largest single TVL event in the network’s history.
Source: Sherwood News.
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Oracle, Microsoft power battered software stocks toward best 3-day stretch in almost a year
Oracle, Applovin, and ServiceNow have been big gainers so far this week.
Source: Sherwood News.
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Maine is the first to pass a statewide ban on large data centers
Public backlash continues to grow around data centers, and Maine’s temporary ban on large data centers could be followed by other states.
Source: Sherwood News.
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Barclays: robots and drone delivery could eventually cost just $1 per order
DoorDash and Uber could be beneficiaries of shrinking autonomous delivery costs.
Source: Sherwood News.
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Lyft is building the infrastructure robotaxis can’t avoid
The ride-hailing company is building an 80,000-square-foot Nashville warehouse where humans will help robotaxis with everything but driving.
Source: Sherwood News.
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Robinhood, Webull gain as SEC approves removal of day trading limit for small investors
Under the SEC order, all traders regardless of account size will just need to have enough in their margin account to cover their exposure.
Source: Sherwood News.
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Allbirds, the quarter-zip of footwear, is leaving shoes behind to become an AI infrastructure company
Allbirds shares surged in premarket trading Wednesday.
Source: Sherwood News.
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Bitcoin fails to hold $75,000 but analysts see hopeful signs
Halfway through April, bitcoin is faring much better than it has since May, up roughly 8.6%
Source: Sherwood News.
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Report: Uber is committing $10 billion to robotaxis
Uber’s autonomous investments mark a shift from its asset-light business model.
Source: Sherwood News.