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.
Category: Business
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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.
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With Apple Business, Apple is packaging its ecosystem for the office
Apple is making its most coherent push yet to turn its ecosystem into a workplace platform.
Source: Sherwood News.
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America is officially spending more on building data centers than offices
Data center construction spending climbed to a record $3.57 billion in December.
Source: Sherwood News.
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“Fortnite” maker Epic is laying off 1,000 employees amid engagement downturn
The move follows Epic’s decision earlier this month to increase the cost of in-game currency in “Fortnite.”
Source: Sherwood News.
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Stocks get a bump on CNN report that Iran is willing to listen to proposals to end war
Stocks got a small bump midday as investors seemed to be reading the report as a softening of Iran’s position.
Source: Sherwood News.
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Anthropic’s Claude can now control your computer through prompts from your phone
Investors think this is extremely bad news for traditional software companies.
Source: Sherwood News.