Stocks fell, weighed down by tech, as the US-Iran war enters its fifth week.
Source: Sherwood News.
Category: Business
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JetBlue is raising its bag fees as fuel costs squeeze airlines
Earlier this month, JetBlue said strong demand has “partially offset additional expenses” from rising fuel costs.
Source: Sherwood News.
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Memory, optical, and AI-construction stocks dive as embattled SaaS stocks rebound
Memory stocks sank on Monday amid a tumble in data center stocks.
Source: Sherwood News.
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Ethereum looks likely to register first monthly green candle since August
“Crypto is demonstrating itself to be a good ‘war time’ store of value,” BitMine Chairman Tom Lee said.
Source: Sherwood News.
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Meta rallies after being named a “top pick” by Morgan Stanley
Even so, Morgan Stanley trimmed its price target on the stock to $775 from $825, which still represents upside of about 50%.
Source: Sherwood News.
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American aluminum stocks rip following strikes against Gulf’s giant smelters
Giant producers Emirates Global Aluminium and Aluminum Bahrain both confirmed strikes on operations over the weekend.
Source: Sherwood News.
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British government weighs removing Palantir from NHS data systems
Amid the Iran war, the company’s close identification with US military and intelligence activity has generated pushback in some other business lines.
Source: Sherwood News.
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Waymo’s now serving more than 500,000 paid robotaxi rides every week
The Alphabet-owned company grew its ridership more than tenfold in less than two years.
Source: Sherwood News.
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Bitcoin lifts following Trump’s “great progress” comments, may break 5-month losing streak
“Under the surface, the market is not broken, though it is still thin.”
Source: Sherwood News.
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Americans won’t tolerate bland food anymore — and it’s turned McCormick into a ~$7 billion-a-year spice and sauce giant
Now, McCormick is eyeing Unilever’s food business.
Source: Sherwood News.
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War and AI doubts have fueled an unprecedented divergence between stock prices and earnings estimates
The S&P 500 has never been down this much when earnings estimates have risen by this much, based on data going back to Q2 1990.
Source: Sherwood News.
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Alaska Air lowers its Q1 profit forecast due to surging fuel costs
Alaska Air now expects to log an adjusted loss per share of between $1.50 and $2 in the first quarter.
Source: Sherwood News.