Alaska Air now expects to log an adjusted loss per share of between $1.50 and $2 in the first quarter.
Source: Sherwood News.
Category: Business
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Fermi falls after annual report shows steep losses, still no tenant
Fermi, which went public in October, is down about 80% since its IPO.
Source: Sherwood News.
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Brent crude oil tops $116 a barrel as Iran war continues
Brent heads for a record monthly gain while stocks remain mixed amid renewed hopes for talks.
Source: Sherwood News.
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Stocks tumble with Nasdaq 100 posting largest weekly loss since April tariff sell-off
Fridays have been the worst day for the S&P 500 since the war began.
Source: Sherwood News.
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Peloton spikes after Eric Jackson says he’s long the stock at $4
Jackson’s tweet at 11:56 a.m. ET coincided with a spike in the share price as well as volumes traded (which may well imply that algos are geared to buy any stock he comments favorably on).
Source: Sherwood News.
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Sandisk bounces off 50-day moving average amid reprieve for memory stocks
The sector, which was battered this week by new details of Google’s TurboQuant algorithm, is holding up better on Friday.
Source: Sherwood News.
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Trump’s Hormuz deadline delay fails to soothe markets amid signs of US and Iranian escalation
Unlike earlier this week, markets are attuned to facts on the ground, troop movements, and the continued closure of the strait.
Source: Sherwood News.
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Altcoins have given back the majority of their gains since the Iran war began
Prediction market traders have placed an 81% chance that ethereum drops under $1,750.
Source: Sherwood News.
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Meta’s energy deal with Entergy boosts AI-linked utilities stocks
Meta will “pay its full cost of service,” Entergy said in a press release.
Source: Sherwood News.
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Bitcoin falls below $66,000 as Trump’s Iran extension fails to boost market sentiment
Bitcoin is on track to book its sixth consecutive month in the red.
Source: Sherwood News.
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Fundrise’s venture fund falls amid concerns about valuation gap
The fund is still trading well above its net asset value, which was $18.26 per share as of March 2, according to its IPO documents.
Source: Sherwood News.
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Cyber stocks plunge after reportedly leaked document shows Anthropic is worried its new model will enable indefensible online attacks
And yet we only seem to know about this because Anthropic doesn’t have decent cybersecurity itself.
Source: Sherwood News.