That’s 50% higher than previous reports.
Source: Sherwood News.
Category: Business
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EchoStar jumps on report SpaceX plans IPO filing as early as this week
Shares are up more than 300% over the last 12 months.
Source: Sherwood News.
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As Target alters its dress code, it also wants staff to buy more of its clothes
The retailer’s apparel and accessories sales hit their lowest point since the pandemic last year.
Source: Sherwood News.
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Sony and Honda are scrapping Afeela, their joint EV that you could play PlayStation in
The joint venture was expected to begin deliveries of the Afeela 1 later this year.
Source: Sherwood News.
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Meta execs could make hundreds of millions of dollars — if the company reaches a $9 trillion valuation
The new stock option program includes exercise prices of up to six times Meta’s current stock price.
Source: Sherwood News.
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Arm says its in-house AI chip will generate billions in revenue
Arm CEO Rene Haas said the new chip is expected to generate $15 billion in annual revenue by 2031.
Source: Sherwood News.
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Retail traders sold more stocks than they bought for the first time since 2023
Monday was the first day since November 2023 where retail investors flipped to selling.
Source: Sherwood News.
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New Mexico jury orders Meta to pay $375 million in child sexual exploitation trial
Meta has pledged to appeal the decision.
Source: Sherwood News.
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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.