The rise of third-month Brent futures relative to front-month this week is unprecedented since at least 1989.
Source: Sherwood News.
Category: Business
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Bitcoin bounce lifts crypto stocks
There’s been a bit of a rebound in bitcoin despite the Mideast chaos and war.Source: Sherwood News.
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Uber relaunches robotaxi service with Hyundai-backed Motional in Las Vegas
The companies did a ride-hailing test there back in 2022.Source: Sherwood News.
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Carvana announces plans for a 5-for-1 stock split, the company’s first
Carvana shares were up 2% in premarket trading on Friday.Source: Sherwood News.
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McDonald’s plans $3 menu items as fast food loses its price edge
Americans are spending more of their dining-out dollars at full-service restaurants again.Source: Sherwood News.
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Klarna jumps after filing reveals that chairman Michael Moritz bought ~$50 million in stock
Per the buy now, pay later giant’s regulatory filings reported late on Thursday, Moritz purchased over 3.47 million shares between March 3 and 11 through an associated entity in multiple open market purchase…Source: Sherwood News.
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Musk says “xAI Was Not Built Right” amid executive departures, Cursor hires
There’s been a lot of turnover lately at xAI, with numerous executive departures and, yesterday, news that the SpaceX-owned company was hiring two senior leaders from Cursor, an AI coding startup that’s…Source: Sherwood News.
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It might be less expensive to make an Oscar-winning movie than you think
Three of the ten Best Picture nominees at this year’s Academy Awards had production budgets of $10M or less.Source: Sherwood News.
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War in the Middle East halts Meta’s undersea fiber project
Meta is a parter in the ambitious 2Africa project, which aims to connect Africa and the Middle East to Europe with 45,000 kilometers of undersea fiber cable.Source: Sherwood News.
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Apple lowers App Store commission to 25% in China following regulator pressure
Apple is lowering its fees for in-app purchases and paid transactions to 25% from 30% in China.Source: Sherwood News.
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Google Maps is getting a new AI-powered “Ask Maps” feature
Will Gemini be enough to hush the Apple Maps heads?Source: Sherwood News.
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Adobe sinks as CEO departs after 18 years at the helm, overshadowing solid Q1 results
ARR exited the quarter up 10.9% on this time last year, a slight slowdown that might compound AI concerns.Source: Sherwood News.