Category: Business

CarMax rises after activist investor Starboard takes $350 million stake

This post was originally published on Sherwood News.

CarMax climbed more than 7% in premarket trading on Wednesday.
A “Pokémon” game similar to “Animal Crossing” is selling out at US retailers, boosting Nintendo shares

This post was originally published on Sherwood News.

Amazon this week briefly hiked the price of the physical edition of the game to $80, according to IGN.
Uber jumps on news it’s partnering with Amazon’s Zoox in Las Vegas and Los Angeles

This post was originally published on Sherwood News.

Zoox’s autonomous vehicles in Las Vegas will be available on Uber’s app this year.
February CPI inflation lands in line with expectations

This post was originally published on Sherwood News.

February inflation figures are out.
Nebius spikes after announcing $2 billion investment from Nvidia

This post was originally published on Sherwood News.

And YOU get $2 billion and YOU get $2 billion and YOU get $2 billion…
Tesla accelerates AI agent push as xAI’s Macrohard falters

This post was originally published on Sherwood News.

Painting “Macrohard” on a building isn’t the same as following through on the project.
Western US ski resorts have had a rocky season owing to a record snow drought

This post was originally published on Sherwood News.

Vail Resorts just cut its profit outlook for 2026, as poor weather and low snowfall reduce skier visits.
Oracle jumps after Q3 results exceed expectations, boost to sales guidance

This post was originally published on Sherwood News.

Oracle released its third-quarter earnings on Tuesday.
Stocks close lower in volatile trading session, crude oil falls after trimming steeper losses

This post was originally published on Sherwood News.

Stocks whipsawed as traders digested developments in the war with Iran.
Salesforce reportedly planning $25 billion bond sale to help fund $50 billion buyback

This post was originally published on Sherwood News.

Moody’s Ratings called the debt-funded buyback “a material shift in financial policy, including a higher tolerance for debt in the capital structure” for Salesforce.
Yann LeCun raises $1 billion for his Advanced Machine Intelligence Labs, breaking European records

This post was originally published on Sherwood News.

AI pioneer LeCun, formerly of Meta is betting on “world models” over LLMs, and has secured funding from Nvidia, and Jeff Bezos.
Just how huge is YouTube, anyway?

This post was originally published on Sherwood News.

Google’s video platform is now the world’s largest media company, per new MoffettNathanson research.