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6 days ago | 
sherwood.news | Millie Giles |Claire Yubin Oh
(Vatican Pool/Getty Images)The name Leo is already reaching record popularity. America: land of the free andthe home of the pope.
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1 week ago | 
sherwood.news | Millie Giles
The de minimis exemption on small packages shipped to the US officially ended on May 2 — but, according to web traffic data from Similarweb, Chinese retailers Temu and Shein were already seeing visits to their respective websites drop sharply the month before, as retailers raised prices in the wake of the Trump administration’s trade tariffs.
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1 week ago | 
sherwood.news | Millie Giles |David Crowther
Looking ahead, American consumers have the “Sunday scaries” on steroids — but they actually aren’t feeling too bad about the present. The engine of the American economic machine isn’t exports, or imports, or even AI — it’s good old-fashioned consumption, with consumer spending responsible for nearly 70% of US GDP. Currently, there are a fair few signs that the US economy is doing okay.
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1 week ago | 
sherwood.news | Millie Giles
Prediction markets are seeing a wave of papal betting in anticipation of the conclave, due to start May 7. As millions of people mourn the death of Pope Francis, online betting platforms have seen an upswing in wagers made on who might replace him as head of the Catholic Church. While gambling on the next pope isn’t new — Roman banks were taking bets on papal elections in the 1500s — the (financial, rather than spiritual) stakes of the outcome are reaching new heights thanks to prediction markets.
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1 week ago | 
sherwood.news | Millie Giles
But the question remains: who actually uses it? Social media giant Meta reported its first quarter earnings on Wednesday, and there was a lot to like: ad revenues increased 16% year over year; its AI data center plans are ramping up; and total revenue crushed expectations, hitting $42.3 billion. But amidst all of the big numbers, there was one comparatively needle-sized figure in the earnings call.
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1 week ago | 
sherwood.news | David Crowther |Millie Giles
As of one minute past midnight today, the de minimis exemption on small packages shipped to the US officially ended. While Corporate America has been obsessing over the effects of President Trump’s tariffs for months, many Americans might not have yet felt any direct impact of the more stringent trade policies of the new administration. After today that might change.
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2 weeks ago | 
sherwood.news | Millie Giles
As its sugar business fails, fast fashion retailer Primark is hoping a stateside push can unlock more sweet growth. The owner of bargain fashion retailer Primark has had a rough week. But for once,the value clothing chain — which has seen its fair share of controversy in recent years from unethical labor practices and sustainability concerns, to “errors of judgement” leading to its CEO resigning last month — wasn’t the primary source of parent company Associated British (AB) Foods’ pain.
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2 weeks ago | 
sherwood.news | Millie Giles
As much as 30% of Microsoft’s code is now written by AI software, CEO Satya Nadella said on Tuesday. Per CNBC, in a conversation with Meta CEO Mark Zuckerberg at the first-ever LlamaCon AI developer conference, Nadella said that “maybe 20%, 30%” of the code inside the company’s repos and some of their projects are now “probably all written” by AI.
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2 weeks ago | 
sherwood.news | Millie Giles
Duolingo CEO Luis von Ahn announced that the language learning platform is moving to become “AI-first” in an email sent to employees, and posted to the company’s LinkedIn on Monday — noting that the technology has made teaching to the level of human tutors achievable “for the first time ever.” Per the email, the shift will involve “a few constructive constraints,” such as using AI to replace work done by contractors‚ as well as looking for AI experience in hiring and evaluating whether...
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2 weeks ago | 
sherwood.news | Millie Giles
Caesars Palace (Getty Images). The casino-entertainment group is cashing in on its digital gambling and sports betting divisions, as Vegas revenues slump. In the online gambling business, sometimes it pays to shoot your shot. Caesars Entertainment, Inc., which claims to be the largest casino-entertainment company in the US, launched a new NBA-themed slot game last Wednesday — helping its stock gain almost 14% over the last week.
