The sector, which was battered this week by new details of Google’s TurboQuant algorithm, is holding up better on Friday.
Source: Sherwood News.
Category: Business
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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.
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Argan spikes on massive Q4 sales beat as power plant supplying PJM region completed ahead of schedule
Power plant builder Argan’s adjusted earnings per share of $3.47 crushed the consensus estimate for $1.98 in Q4.
Source: Sherwood News.
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Wall Street bonuses hit a new record last year, edging toward $250,000 average
The bonuses could generate an extra $199 million in New York State tax revenues.
Source: Sherwood News.
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Judge blocks Pentagon’s move to blacklist Anthropic
The ruling comes weeks after Anthropic sued 17 federal agencies earlier this month.
Source: Sherwood News.
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President Trump extends Strait of Hormuz opening deadline to April 6
Markets aren’t showing much relief on the 10-day delay news, with oil rising and stocks slipping.
Source: Sherwood News.
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Report: SpaceX’s record IPO may grant preferential access to retail investors and Tesla shareholders
The company is considering giving a third or more of its IPO shares to retail investors.
Source: Sherwood News.