Meta has pledged to appeal the decision.
Source: Sherwood News.
Category: Business
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Oil drops, yields fall, and stocks rise on reports the US has sent Iran a plan to end war
Oil futures dropped on hopes of a wind-down in the war.
Source: Sherwood News.
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Disney ends its OpenAI deal after Sora video app is shuttered
In a surprise move on Tuesday, OpenAI announced it will shutter Sora.
Source: Sherwood News.
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Reports: OpenAI winding down Sora as Altman focuses on data centers
Sam Altman is shifting his responsibilities to dedicate his focus on the startup’s ambitious data center build-out.
Source: Sherwood News.
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GameStop seesaws on Q4 results
The video game and collectibles retailer just reported Q4 results.
Source: Sherwood News.
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Stocks close lower after fluctuating as traders digest war updates
Stocks pared steeper losses on hopes of US-Iran talks, but were unable to maintain gains on reports that the US is deploying 3,000 troops to the Middle East.
Source: Sherwood News.
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Amid Mideast conflict, investors cling to faith in the AI buildout
Investors are betting the great AI buildout continues, headlines be damned.
Source: Sherwood News.
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Meta and ARM team up to build a new class of data center chips
The “Arm AGI CPU” is the first chip announced from the partnership, which focuses on more efficient AI inference tasks.
Source: Sherwood News.
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Circle plunges on report of proposal prohibiting platforms from offering yield payments
Coinbase fell on the report as well.
Source: Sherwood News.
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With New York’s acceptance law coming into effect, could cold hard cash stage a comeback?
Though digital payments are now the norm, most US adults remain opposed to the idea of a cashless society.
Source: Sherwood News.
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United CEO says airfares would have to go up another 20% to “break even” if fuel prices remain elevated
United CEO Scott Kirby said he expects oil prices to remain higher for longer.
Source: Sherwood News.
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FCC bans foreign-made routers over national security concerns
Following a similar ban on foreign-made drones, the Trump administration’s ban will effectively kneecap the majority of consumer router manufacturers selling in the US marketplace.
Source: Sherwood News.