
Articles
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6 days ago |
sherwood.news | Hyunsoo Rim
Tokyo wants to shake off its cash-hoarding habits and get young people in Japan investing again. At Berkshire Hathaway’s annual meeting last week, Warren Buffett reaffirmed his bet on Japan’s trading houses — now a combined 9.3% of Berkshire’s stock portfolio, its fifth-largest holding. His successor and soon-to-be CEO of the conglomerate, Greg Abel, said they could hold the stakes “50 years or forever.”That mindset, though, is hardly the norm back home in Japan.
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6 days ago |
sherwood.news | Hyunsoo Rim
Pinterest jumped 13% in early trading on Friday after the company delivered a Q1 revenue beat and higher-than-expected guidance, as its AI tools fueled stronger ad spending. Revenue rose 16% to $855 million, topping the $846 million estimate, while adjusted earnings per share came in at $0.23, slightly below the $0.26 forecast, per FactSet. The company now expects to bring in $960 to $980 million in Q2 revenue, marginally above expectations.
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1 week ago |
sherwood.news | Hyunsoo Rim
Uber’s stock had been on a tear, rising 42% in 2025, but this morning’s earnings revealed a Q1 miss on revenue. Uber dropped in premarket trading after the company’s Q1 results missed Wall Street estimates, weighed down by tepid ride-share growth. Revenue rose 14% to $11.5 billion, just shy of the $11.6 billion forecast, while operating income of $1.23 billion narrowly beat the $1.22 billion consensus, per FactSet.
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1 week ago |
sherwood.news | Hyunsoo Rim
Los Angeles, California (Getty Images)Film production in LA has fallen by 40% from prepandemic levels. Can tariffs turn the cameras back on? Another week, another tariff threat — this time, in the name of making Hollywood great again.
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1 week ago |
sherwood.news | Hyunsoo Rim
Block, the fintech firm led by Twitter cofounder Jack Dorsey, dropped over 22% in early trading after reporting weaker-than-expected Q1 results and slashing its full-year outlook, as consumers aren’t spending liked they used to. Revenue came in at $5.77 billion, well short of the $6.2 billion analysts were expecting, while adjusted earnings per share were $0.56, below the $0.88 estimate, per Bloomberg.
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