Core Scientific is just the latest miner offloading its bitcoin, as other miners turn their compute power to AI.
Source: Sherwood News.
Category: Business
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War has pushed global markets into the danger zone
Correlations within the US stock market and between asset classes are rising.Source: Sherwood News.
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Versant climbs in its first quarter after spin-off, announces dividend and $1 billion stock buyback
Versant separated from Comcast earlier this year.Source: Sherwood News.
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The vast majority of Tesla Robotaxi rides in Austin still have a safety driver
In January, Tesla announced its Robotaxis would begin operating without safety monitors. It doesn’t appear to have scaled up much.Source: Sherwood News.
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Apple updates Mac chips and amps up AI claims
Apple: “M5 Pro and M5 Max are a monumental leap forward for Apple silicon.”Source: Sherwood News.
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Energy price spike on Mideast war has traders betting on no Fed cuts through June
Prediction markets indicate a lower tolerance for looking through higher energy prices.Source: Sherwood News.
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Claude is still top of the US free App Store, as users defect from ChatGPT following Pentagon deal
ChatGPT uninstalls soared on a government deal that looked “opportunistic and sloppy,” per Sam Altman.Source: Sherwood News.
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Dave Inc. reports better-than-expected Q4, snags price target hikes
Small-cap neobank Dave Inc. rose more than 4% in early trading before giving back those gains.Source: Sherwood News.
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AutoZone dips on weaker-than-expected Q2 sales growth
AutoZone’s same-store growth swerved much lower than analysts had anticipated.Source: Sherwood News.
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Nvidia, AMD slump as US government said to consider capping AI chip sales at 75,000 per Chinese buyer
A new side plot in the semiconductor world’s most confusing saga.Source: Sherwood News.
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Best Buy surges on Q4 profit beat, despite softer holiday quarter sales and disappointing outlook
The company saw better-than-expected profitability for the final quarter of the year after upscaling its higher-margin Best Buy Ads.Source: Sherwood News.
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Target rises on 2026 sales and earnings growth outlook
Target’s full-year guidance is lifting shares, though the retailer is still grappling with falling traffic and a prolonged sales slump.Source: Sherwood News.