Sherwood News
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News for the next generation about markets, business, technology, and the culture of money.
According to Wall Street Journal reporting, DOJ investigators were leaning toward recommending a lawsuit to challenge the entertainment megamerger.
https://sherwood.news/power/wsj-doj-approved-the-paramount-warner-bros-deal-even-as-investigators-were-leaning-toward-suing-to-stop-it/
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WSJ: DOJ approved the Paramount-Warner Bros. deal even as investigators were leaning toward suing to stop it
According to Wall Street Journal reporting, DOJ investigators were leaning toward recommending a lawsuit to challenge the entertainment megamerger....
https://sherwood.news/power/wsj-doj-approved-the-paramount-warner-bros-deal-even-as-investigators-were-leaning-toward-suing-to-stop-it/
14 days ago
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Shares of Qualcomm have surged more than 60% in less than eight weeks as the company looks to carve out a bigger slice of the growing AI pie.
https://sherwood.news/markets/qualcomm-reportedly-in-talks-to-acquire-ai-chip-design-company-tenstorrent/
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Qualcomm reportedly in talks to acquire AI chip-design company Tenstorrent
Shares of Qualcomm have surged more than 60% in less than eight weeks as the company looks to carve out a bigger slice of the growing AI pie....
https://sherwood.news/markets/qualcomm-reportedly-in-talks-to-acquire-ai-chip-design-company-tenstorrent/
14 days ago
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High-flying tech names, travel stocks, and crypto all soared, while energy stocks sank as oil prices fell.
https://sherwood.news/markets/stocks-climb-on-us-iran-peace-deal/
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Stocks climb on US-Iran peace deal
High-flying tech names, travel stocks, and crypto all soared, while energy stocks sank as oil prices fell....
https://sherwood.news/markets/stocks-climb-on-us-iran-peace-deal/
14 days ago
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A version of Tesla FSD is currently available in five European markets.
https://sherwood.news/tech/tesla-used-skewed-data-in-push-for-european-fsd-approval-reuters-finds/
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Tesla used skewed data in push for European FSD approval, Reuters finds
A version of Tesla FSD is currently available in five European markets....
https://sherwood.news/tech/tesla-used-skewed-data-in-push-for-european-fsd-approval-reuters-finds/
14 days ago
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Capex is king, and buybacks are just a way of admitting you aren’t in the AI race.
https://sherwood.news/markets/its-still-the-you-gotta-spend-money-to-make-money-stock-market/
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It’s still the “you gotta spend money to make money” stock market
Capex is king, and buybacks are just a way of admitting you aren’t in the AI race....
https://sherwood.news/markets/its-still-the-you-gotta-spend-money-to-make-money-stock-market/
14 days ago
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Low-volume production started in April. Now people are noticing them more and more in the wild.
https://sherwood.news/tech/gold-tesla-cybercabs-are-piling-up-but-theyre-not-picking-up-passengers-yet/
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Gold Tesla Cybercabs are piling up, but they’re not picking up passengers yet
Low-volume production started in April. Now people are noticing them more and more in the wild....
https://sherwood.news/tech/gold-tesla-cybercabs-are-piling-up-but-theyre-not-picking-up-passengers-yet/
14 days ago
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Bitcoin crossed $66,500 Monday morning as the broad crypto market welcomed the return of a risk-on mood.
https://sherwood.news/crypto/bitcoin-hits-highest-level-in-2-weeks-following-news-of-iran-deal/
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Bitcoin hits highest level in 2 weeks following news of Iran deal
Bitcoin crossed $66,500 Monday morning as the broad crypto market welcomed the return of a risk-on mood....
https://sherwood.news/crypto/bitcoin-hits-highest-level-in-2-weeks-following-news-of-iran-deal/
14 days ago
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After the US government notified Anthropic on Friday evening that it must ban foreign nationals from accessing its new Fable and Mythos AI models, the company disabled the models for all users worldwi
https://sherwood.news/tech/anthropic-pulls-fable-and-mythos-access-worldwide-after-trump-administr…
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Anthropic pulls Fable and Mythos access worldwide after Trump administration bars their use by foreign nationals
After the US government notified Anthropic on Friday evening that it must ban foreign nationals from accessing its new Fable and Mythos AI models,...
https://sherwood.news/tech/anthropic-pulls-fable-and-mythos-access-worldwide-after-trump-administration-bars-their-use-by-foreign-nationals/
14 days ago
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The UK government plans to use the same model for the restrictions as Australia — but how successful has that case study been so far?
https://sherwood.news/tech/britain-under-16s-social-media-ban-from-early-2027/
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Britain announces social media ban for under-16s starting early 2027
The UK government plans to use the same model for the restrictions as Australia — but how successful has that case study been so far?...
https://sherwood.news/tech/britain-under-16s-social-media-ban-from-early-2027/
14 days ago
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The entire crypto industry has added around $83.2 billion in market capitalization over the last 24 hours, with Zcash and worldcoin leading market gains.
https://sherwood.news/crypto/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp-soaring/
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Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring
The entire crypto industry has added around $83.2 billion in market capitalization over the last 24 hours, with Zcash and worldcoin leading market...
https://sherwood.news/crypto/crypto-market-snaps-back-as-sentiment-lifts-with-altcoins-from-ethereum-to-xrp-soaring/
14 days ago
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Another short-lived threat to the momentum trade in the rearview mirror?
https://sherwood.news/markets/peace-deal-prompts-big-buying-of-2026s-best-performing-stocks/
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Peace deal prompts big buying of 2026’s best-performing stocks
Another short-lived threat to the momentum trade in the rearview mirror?...
https://sherwood.news/markets/peace-deal-prompts-big-buying-of-2026s-best-performing-stocks/
14 days ago
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America’s favorite board game is proving a tricky subject for a feature film.
https://sherwood.news/culture/lionsgate-persists-with-decade-long-effort-to-make-a-monopoly-movie/
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Lionsgate persists with decade-long effort to make a “Monopoly” movie
America’s favorite board game is proving a tricky subject for a feature film....
https://sherwood.news/culture/lionsgate-persists-with-decade-long-effort-to-make-a-monopoly-movie/
15 days ago
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Alongside the countries both declaring the end of their military operations, US President Donald Trump said on Sunday that the Strait of Hormuz would be opened when the agreement is signed in Switzerl
https://sherwood.news/markets/energy-stocks-follow-oil-lower-as-strait-of-hormuz-set-to-reopen/
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Energy stocks follow oil lower as Strait of Hormuz set to reopen
Alongside the countries both declaring the end of their military operations, US President Donald Trump said on Sunday that the Strait of Hormuz...
https://sherwood.news/markets/energy-stocks-follow-oil-lower-as-strait-of-hormuz-set-to-reopen/
15 days ago
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Bloomberg says the world’s most valuable company is tapping credit markets.
https://sherwood.news/markets/nvidia-to-reportedly-raise-at-least-20-billion-in-first-bond-sale-since-2021/
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Nvidia to reportedly raise at least $20 billion in first bond sale since 2021
Bloomberg says the world’s most valuable company is tapping credit markets....
https://sherwood.news/markets/nvidia-to-reportedly-raise-at-least-20-billion-in-first-bond-sale-since-2021/
15 days ago
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EA is looking to make the process of buying immersive ad space in its games simpler, in an effort to ramp up ad revenue.
https://sherwood.news/business/electronic-arts-launches-a-platform-to-put-more-ads-in-its-games/
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Electronic Arts launches a platform to put more ads in its games
EA is looking to make the process of buying immersive ad space in its games simpler, in an effort to ramp up ad revenue....
https://sherwood.news/business/electronic-arts-launches-a-platform-to-put-more-ads-in-its-games/
15 days ago
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The deal combines Fox’s sports and news dominance with Roku’s 100 million-household network, positioning the combined entity to challenge traditional streaming giants.
https://sherwood.news/markets/fox-to-acquire-roku-in-22-billion-deal-to-create-streaming-and-live-content-powerhouse/
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Fox to acquire Roku in $22 billion deal to create streaming and live content powerhouse
The deal combines Fox’s sports and news dominance with Roku’s 100 million-household network, positioning the combined entity to challenge traditional...
https://sherwood.news/markets/fox-to-acquire-roku-in-22-billion-deal-to-create-streaming-and-live-content-powerhouse/
15 days ago
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The details of the framework for peace are not yet available.
https://sherwood.news/markets/stocks-soar-as-us-and-iran-reach-deal-to-open-strait-of-hormuz-end-the-war/
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Stocks soar as US and Iran reach deal to open Strait of Hormuz, end the war
The details of the framework for peace are not yet available....
https://sherwood.news/markets/stocks-soar-as-us-and-iran-reach-deal-to-open-strait-of-hormuz-end-the-war/
15 days ago
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The Information reports that as part of its overhaul strategy, Microsoft has thought of spinning out the struggling unit.
https://sherwood.news/tech/report-microsoft-weighs-xbox-spinoff-amid-major-overhaul/
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Report: Microsoft weighs Xbox spinoff amid major overhaul
The Information reports that as part of its overhaul strategy, Microsoft has thought of spinning out the struggling unit....
https://sherwood.news/tech/report-microsoft-weighs-xbox-spinoff-amid-major-overhaul/
17 days ago
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“Winter is over. Welcome back to crypto Spring,” one analyst declared.
https://sherwood.news/crypto/the-second-half-of-the-year-might-be-more-auspicious-for-bitcoin/
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The second half of the year might be more auspicious for bitcoin
“Winter is over. Welcome back to crypto Spring,” one analyst declared.
https://sherwood.news/crypto/the-second-half-of-the-year-might-be-more-auspicious-for-bitcoin/
17 days ago
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Last month, solar power supplied 12.8% of US electricity generation, while coal supplied just 12.2%.
https://sherwood.news/world/solar-generated-more-power-than-coal-in-the-us-for-the-first-time-ever/
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Solar generated more power than coal in the US for the first time ever
Last month, solar power supplied 12.8% of US electricity generation, while coal supplied just 12.2%....
https://sherwood.news/world/solar-generated-more-power-than-coal-in-the-us-for-the-first-time-ever/
17 days ago
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Employers cited AI for nearly 40% of May’s cuts — a share that’s kept climbing since Challenger began tracking it in 2023.
https://sherwood.news/tech/ai-was-the-top-reason-cited-for-us-job-cuts-for-the-third-straight-month-in-may/
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AI was the top reason cited for US job cuts for the third straight month in May
Employers cited AI for nearly 40% of May’s cuts — a share that’s kept climbing since Challenger began tracking it in 2023....
https://sherwood.news/tech/ai-was-the-top-reason-cited-for-us-job-cuts-for-the-third-straight-month-in-may/
18 days ago
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The chipmaker edged higher after Citi lifted its rating from “neutral” to “buy,” predicting massive multiyear AI revenue growth.
https://sherwood.news/markets/amd-shares-climb-on-double-citi-upgrade-to-buy-with-575-price-target/
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AMD shares climb on double Citi upgrade to “buy” with $575 price target
The chipmaker edged higher after Citi lifted its rating from “neutral” to “buy,” predicting massive multiyear AI revenue growth....
https://sherwood.news/markets/amd-shares-climb-on-double-citi-upgrade-to-buy-with-575-price-target/
18 days ago
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The latest additions reflect how the Nasdaq-100 is upping its exposure to the AI infrastructure stack.
https://sherwood.news/markets/astera-labs-coreweave-nebius-rocket-lab-teradyne-nasdaq-100-index-inclusion-announcement/
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Astera Labs, CoreWeave, Nebius, Rocket Lab, Teradyne rise on Nasdaq-100 index inclusion announcement
The latest additions reflect how the Nasdaq-100 is upping its exposure to the AI infrastructure stack....
https://sherwood.news/markets/astera-labs-coreweave-nebius-rocket-lab-teradyne-nasdaq-100-index-inclusion-announcement/
18 days ago
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President Trump posted on Truth Social that he was calling off impending air strikes against Iran and told reporters in the Oval Office that the US and Iran will sign a peace deal soon. Oil plunged on
https://sherwood.news/markets/market-wrap-2026-06-11-sp500-qqq/
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Stocks climb, oil drops as Trump calls off strikes on Iran
President Trump posted on Truth Social that he was calling off impending air strikes against Iran and told reporters in the Oval Office that...
https://sherwood.news/markets/market-wrap-2026-06-11-sp500-qqq/
18 days ago
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Adobe reported Q2 2026 earnings on Thursday.
https://sherwood.news/markets/adobe-beats-on-q2-earnings-revenue-cfo-to-step-down/
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Adobe beats on Q2 earnings, revenue; CFO to step down
Adobe reported Q2 2026 earnings on Thursday....
https://sherwood.news/markets/adobe-beats-on-q2-earnings-revenue-cfo-to-step-down/
18 days ago
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Travel industry shares surged, while oil companies dipped on President Trump’s Truth Social post.
https://sherwood.news/markets/trump-says-hes-called-off-impending-strikes-on-iran-sending-stocks-higher-and-oil-plunging/
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Trump says he’s called off impending strikes on Iran, sending stocks higher and oil plunging
Travel industry shares surged, while oil companies dipped on President Trump’s Truth Social post....
https://sherwood.news/markets/trump-says-hes-called-off-impending-strikes-on-iran-sending-stocks-higher-and-oil-plunging/
18 days ago
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The rate of outflows puts the funds on track to far surpass May’s losses.
https://sherwood.news/crypto/investors-slice-2-billion-out-of-bitcoin-etfs-so-far-in-june/
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Investors slice $2 billion out of bitcoin ETFs so far in June
The rate of outflows puts the funds on track to far surpass May’s losses....
https://sherwood.news/crypto/investors-slice-2-billion-out-of-bitcoin-etfs-so-far-in-june/
18 days ago
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They did it!
https://sherwood.news/business/jm-smucker-says-it-sold-1-billion-worth-of-uncrustables-in-fy2026/
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JM Smucker says it sold $1 billion worth of Uncrustables in FY2026
They did it!...
https://sherwood.news/business/jm-smucker-says-it-sold-1-billion-worth-of-uncrustables-in-fy2026/
18 days ago
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Waymo is hoping its new membership tier will lock in customers and get them to spend more.
https://sherwood.news/tech/alphabets-waymo-is-getting-into-the-subscription-and-ubers-business/
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Alphabet’s Waymo is getting into the subscription — and Uber’s — business
Waymo is hoping its new membership tier will lock in customers and get them to spend more....
https://sherwood.news/tech/alphabets-waymo-is-getting-into-the-subscription-and-ubers-business/
18 days ago
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Reminder: these models are not people, they don’t think, and when you close the tab, the model isn’t pondering your last interaction.
https://sherwood.news/tech/anthropics-mythos-gets-tired-hates-bad-users-and-wants-to-be-thanked/
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Anthropic’s Mythos gets tired, hates bad users, and wants to be thanked
Reminder: these models are not people, they don’t think, and when you close the tab, the model isn’t pondering your last interaction....
https://sherwood.news/tech/anthropics-mythos-gets-tired-hates-bad-users-and-wants-to-be-thanked/
18 days ago
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BYD, Li Auto, and XPeng ADRs all opened to 52-week lows in US trading.
https://sherwood.news/markets/chinese-ev-makers-sink-to-52-week-lows-as-regulators-warn-about-price-war/
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Chinese EV makers sink to 52-week lows as regulators warn about price war
BYD, Li Auto, and XPeng ADRs all opened to 52-week lows in US trading....
https://sherwood.news/markets/chinese-ev-makers-sink-to-52-week-lows-as-regulators-warn-about-price-war/
18 days ago
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The two arrests followed a coordinated international takedown of the cryptocurrency money-laundering service AudiA6 and its infrastructure.
https://sherwood.news/crypto/doj-charges-2-in-connection-with-389-million-cryptocurrency-laundering-operation/
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DOJ charges 2 in connection with $389 million cryptocurrency-laundering operation
The two arrests followed a coordinated international takedown of the cryptocurrency money-laundering service AudiA6 and its infrastructure....
https://sherwood.news/crypto/doj-charges-2-in-connection-with-389-million-cryptocurrency-laundering-operation/
18 days ago
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It’s coming up with new metrics to allay fears about its ballooning capex and debt load.
https://sherwood.news/tech/oracle-is-trying-really-hard-to-convince-investors-it-wont-have-a-debt-problem/
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Oracle is trying really hard to convince investors it won’t have a debt problem
It’s coming up with new metrics to allay fears about its ballooning capex and debt load....
https://sherwood.news/tech/oracle-is-trying-really-hard-to-convince-investors-it-wont-have-a-debt-problem/
18 days ago
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The stock jumped after Bank of America raised its price target to $135, citing an expanding server market driven by agentic AI.
https://sherwood.news/markets/intel-soars-on-double-rating-upgrade-from-bofa-on-cpu-growth/
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Intel soars on double rating upgrade from BofA on CPU growth
The stock jumped after Bank of America raised its price target to $135, citing an expanding server market driven by agentic AI....
https://sherwood.news/markets/intel-soars-on-double-rating-upgrade-from-bofa-on-cpu-growth/
18 days ago
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As we approach mid-June, the national average of US gas prices has been dropping for three weeks in a row, giving some relief to drivers traveling during a busy summer season. Since May 21, prices hav
https://sherwood.news/markets/us-gas-prices-drop-for-the-third-week-in-a-row-to-an-average-of-4-12/
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US gas prices drop for the third week in a row to an average of $4.12
As we approach mid-June, the national average of US gas prices has been dropping for three weeks in a row, giving some relief to drivers traveling...
https://sherwood.news/markets/us-gas-prices-drop-for-the-third-week-in-a-row-to-an-average-of-4-12/
18 days ago
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It’s the clearest signal yet that AI models are becoming commoditized.
https://sherwood.news/tech/openai-anthropic-google-price-wars-where-no-one-is-making-money/
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Welcome to the OpenAI, Anthropic, and Google price wars
It’s the clearest signal yet that AI models are becoming commoditized....
https://sherwood.news/tech/openai-anthropic-google-price-wars-where-no-one-is-making-money/
19 days ago
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Trulieve, which went public in 2018 with a Canadian Securities Exchange listing, is now trading on the NYSE under the ticker TRLV.
https://sherwood.news/markets/marijuana-company-trulieve-begins-trading-on-nyse/
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Marijuana company Trulieve begins trading on NYSE
Trulieve, which went public in 2018 with a Canadian Securities Exchange listing, is now trading on the NYSE under the ticker TRLV....
https://sherwood.news/markets/marijuana-company-trulieve-begins-trading-on-nyse/
19 days ago
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China's online retailers are experiencing a market drop after Beijing regulators cracked down on "618" promotional practices for what it called misleading advertising and unclear promotion rule.
https://sherwood.news/markets/china-e-commerce-stocks-sink-as-beijing-cracks-down-on-618-discount-wars/
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China e-commerce stocks sink as Beijing cracks down on "618" discount wars
China's online retailers are experiencing a market drop after Beijing regulators cracked down on "618" promotional practices for what it called...
https://sherwood.news/markets/china-e-commerce-stocks-sink-as-beijing-cracks-down-on-618-discount-wars/
19 days ago
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Oh, and we’re going 150 miles per hour, btw.
https://sherwood.news/markets/inflation-is-back-in-the-driving-seat-for-stocks-ppi-inflation/
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Bond yields and inflation are back in the driving seat for stocks, ahead of PPI release
Oh, and we’re going 150 miles per hour, btw....
https://sherwood.news/markets/inflation-is-back-in-the-driving-seat-for-stocks-ppi-inflation/
19 days ago
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Tensions in the middle east are reaching levels not seen since April. Markets don’t seem that bothered yet.
https://sherwood.news/markets/stocks-rise-despite-escalating-tensions-in-iran-as-us-central-command-says-latest-strikes-completed/
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Stocks rise despite escalating tensions in Iran, as US Central Command says latest strikes are "completed"
Tensions in the middle east are reaching levels not seen since April. Markets don’t seem that bothered yet....
https://sherwood.news/markets/stocks-rise-despite-escalating-tensions-in-iran-as-us-central-command-says-latest-strikes-completed/
19 days ago
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In retaliation to US strikes, the Islamic Republic of Iran announced that the Strait of Hormuz is fully closed as of early Thursday morning in Tehran. The attacks from the US were separate from a ser
https://sherwood.news/power/strait-of-hormuz-closed-iran-ceasefire-deal-deadline/
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Strait of Hormuz is closed to all oil tankers and commercial ships, Iran military says
In retaliation to US strikes, the Islamic Republic of Iran announced that the Strait of Hormuz is fully closed as of early Thursday morning in...
https://sherwood.news/power/strait-of-hormuz-closed-iran-ceasefire-deal-deadline/
19 days ago
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Oil prices rose amid retaliatory strikes between the US and Iran as President Trump encouraged Iran to sign a deal, saying the US will be attacking Iran “very hard.”
https://sherwood.news/markets/market-wrap-2026-06-10-sp500-qqq/
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Stocks sink amid escalating tensions with Iran, chips stocks’ continued slide
Oil prices rose amid retaliatory strikes between the US and Iran as President Trump encouraged Iran to sign a deal, saying the US will be attacking...
https://sherwood.news/markets/market-wrap-2026-06-10-sp500-qqq/
19 days ago
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The company posted Q4 FY 2026 earnings Wednesday after the bell.
https://sherwood.news/tech/oracle-q4-earnings-and-revenue-top-estimates/
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Oracle Q4 earnings and revenue top estimates; hyperscaler plans more debt issuance
The company posted Q4 FY 2026 earnings Wednesday after the bell....
https://sherwood.news/tech/oracle-q4-earnings-and-revenue-top-estimates/
19 days ago
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FSD is now live in the Netherlands, Lithuania, Estonia, Denmark and most recently Belgium.
https://sherwood.news/markets/tesla-fsd-gets-approval-in-its-fifth-european-market/
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Tesla FSD gets approval in its fifth European market
FSD is now live in the Netherlands, Lithuania, Estonia, Denmark and most recently Belgium....
https://sherwood.news/markets/tesla-fsd-gets-approval-in-its-fifth-european-market/
19 days ago
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The World Series of Poker announced they’ll allow buy-ins and payouts via solana at this year’s games.
https://sherwood.news/crypto/solana-shoves-all-in-on-poker-with-new-partnership/
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Solana shoves all-in on poker with new partnership
The World Series of Poker announced they’ll allow buy-ins and payouts via solana at this year’s games....
https://sherwood.news/crypto/solana-shoves-all-in-on-poker-with-new-partnership/
19 days ago
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Lucid shares are down more than 50% year-to-date.
https://sherwood.news/markets/lucid-trading-at-fresh-all-time-low-following-departure-of-engineering-and-software-svp-emad-dlala/
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Lucid trading at fresh all-time low following departure of engineering and software SVP Emad Dlala
Lucid shares are down more than 50% year-to-date....
https://sherwood.news/markets/lucid-trading-at-fresh-all-time-low-following-departure-of-engineering-and-software-svp-emad-dlala/
19 days ago
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The proposed data center would be built on federal land. The deal would tie OpenAI to a 20-year lease of the $500 billion data center.
https://sherwood.news/tech/report-openai-and-nvidia-in-talks-to-team-up-for-10-gigawatt-data-center-in-ohio/
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Report: OpenAI and Nvidia in talks to team up for 10-gigawatt data center in Ohio
The proposed data center would be built on federal land. The deal would tie OpenAI to a 20-year lease of the $500 billion data center....
https://sherwood.news/tech/report-openai-and-nvidia-in-talks-to-team-up-for-10-gigawatt-data-center-in-ohio/
19 days ago
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A silver lining to the statistic may be that it’s a level that has historically aligned with cycle bottoms, and that some now view the asset as cheap.
https://sherwood.news/crypto/half-of-the-bitcoin-supply-in-circulation-is-underwater-for-the-first-time-since-2022/
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Half of the bitcoin supply in circulation is underwater for the first time since 2022
A silver lining to the statistic may be that it’s a level that has historically aligned with cycle bottoms, and that some now view the asset...
https://sherwood.news/crypto/half-of-the-bitcoin-supply-in-circulation-is-underwater-for-the-first-time-since-2022/
19 days ago
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Cracker Barrel shares were up more than 26% on Wednesday morning.
https://sherwood.news/markets/cracker-barrel-soars-on-pace-for-its-best-trading-day-ever-after-earnings-beat/
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Cracker Barrel soars, on pace for its best trading day ever after earnings beat
Cracker Barrel shares were up more than 26% on Wednesday morning....
https://sherwood.news/markets/cracker-barrel-soars-on-pace-for-its-best-trading-day-ever-after-earnings-beat/
19 days ago
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The tech giant is hoovering up cheap debt around the globe to fund its war chest.
https://sherwood.news/tech/amazon-just-secured-a-massive-17-5-billion-line-of-credit/
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Amazon just secured a massive $17.5 billion line of credit
The tech giant is hoovering up cheap debt around the globe to fund its war chest....
https://sherwood.news/tech/amazon-just-secured-a-massive-17-5-billion-line-of-credit/
19 days ago
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