That’s on top of the record $20 billion Tesla says it expects to spend on capex this year.
Source: Sherwood News.
Category: Business
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Oklo surges after receiving approval for next phase in the construction of its first reactor
The DOE gave a thumbs-up on a preliminary safety design for the company’s Aurora project, on which it broke ground in September.
Source: Sherwood News.
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The emerging 2-tier system for moving oil through dangerous waters
The road less traveled, or the waters more mined.
Source: Sherwood News.
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Bitcoin sees 8 consecutive days of gains, a streak not seen in 4 years
This has happened just 15 times since bitcoin’s inception. In the 30 days that followed, the cryptocurrency rose nine times and dropped six, albeit in the most recent case, bitcoin dropped roughly 30%….
Source: Sherwood News.
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Nvidia pushes further into the autonomous vehicle space to compete with Tesla and Waymo
Nvidia is helping power the next stage of the robotaxi revolution.
Source: Sherwood News.
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Eli Lilly receives its only sell rating from HSBC, which cites smaller market for weight-loss drugs
HSBC also cut its price target to $850 from $1,070. The stock is currently trading around $989.
Source: Sherwood News.
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Delta, American, and rival airlines boost Q1 sales outlooks citing strong demand; costs rise, too
Airlines are soaring as they say revenue is coming in higher than expected in the first quarter. That’s likely in part because they’re raising ticket prices to account for higher fuel costs.
Source: Sherwood News.
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Nebius drops after announcing that it aims to raise $3.75 billion in a convertible loan offering
The company will offer the debt in two series, the first batch worth $2 billion and due March 15, 2031, followed by a $1.75 billion worth of notes due March 15, 2033.
Source: Sherwood News.
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Another miner sells its bitcoin
Its “adjusted bitcoin treasury policy” will “provide the financial flexibility needed to navigate volatility and invest in high-potential areas like AI infrastructure,” Cango said.
Source: Sherwood News.
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Investors just raised the most cash since the March 2020 pandemic panic
It’s just a caution, though.
Source: Sherwood News.
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Amazon introduces one- and three-hour delivery options in hundreds of new towns and cities
One-hour delivery will be serviced in “hundreds of cities and towns” in the US, and three-hour options will be offered in “over 2,000 cities and towns,” both available seven days a week though their regular…
Source: Sherwood News.
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Lyft and Uber jump after announcing expanded robotaxi partnerships with Nvidia
Uber and Nvidia plan to launch robotaxis in 28 cities by 2028.
Source: Sherwood News.