David Crowther

London

Deputy Editor at Sherwood News

Founder of @chartrdaily

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Articles

A record 1 in 8 cars sold in America is now a hybrid, estimates show

5 days ago | sherwood.news | David Crowther

When the leadership of the world’s largest car manufacturer makes a prediction about the future of driving, it’s probably worth paying attention. However, despite warnings from Akio Toyoda — Toyota Motor’s former CEO and current chairman — that full battery electric vehicles would only ever get to a 30% market share, much of the industry has continued to drive full-throttle into an expensive, electrified future. Increasingly, Akio Toyoda is looking like he might have a point.
Tom Cruise, who turns 63 in July, remains one of Hollywood’s biggest draws

1 week ago | sherwood.news | Tom Jones |David Crowther

(Toya Sarno Jordan/Getty Images)The star’s latest “Mission: Impossible” installment helped boost a record weekend at the Memorial Day box office. Last weekend, the US box office had its best Memorial Day on record, helping theater stocks like AMC to soar and Regal Cinemas to shift over 6 million pounds of popcorn. The man at the center of the blockbuster weekend? OK, the man stood next to the blue alien and young Hawaiian girl who were also at the center of the blockbuster weekend?
Pickleball is conquering America, next stop the world

1 week ago | sherwood.news | Millie Giles |David Crowther

The 2025 US Open Pickleball Championships, May 3, 2025 (Photo by Bruce Yeung/Getty Images)The world’s largest pickleball franchise is going to Japan. If your local park, gym, or sports club isn’t already awash with a constant din of the distinctive “pock” of a plastic pickleball ball, it probably will be soon. A tennis-badminton-ping-pong-hybrid, the sport has seen a dizzying upsurge in the US over the past few years.
Nvidia is still the Bo Jackson of stocks

1 week ago | sherwood.news | David Crowther

LA Raiders running back Bo Jackson carries the ball against the Kansas City Chiefs during a game at the Los Angeles Memorial Coliseum (Ron Vesely/Getty Images) Palantir brags about its score on the “Rule of 40” — but NVDA just put up 69% revenue growth on huge margins. That’s a Bo-level double threat. There’s only one professional athlete that’s been named an All-Star in two major North American sports.
Wall Street has cut its UnitedHealth EPS forecasts by >20% for each of the next 3 years

2 weeks ago | sherwood.news | David Crowther

UnitedHealth has been rocked by negative headline after negative headline in the last five weeks, with yesterday’s latest — a report that alleged it coordinated with nursing homes to reduce hospitalizations — contributing to another 6% fall in the company’s stock. News that the regulator will increase its audits of Medicare Advantage, which broke late last night, is now putting further pressure on UnitedHealth, again in the red in premarket trading.
Move over Tesla, UnitedHealth is the battleground stock for retail traders this week, as options trading explodes

2 weeks ago | sherwood.news | David Crowther

UNH was the most discussed ticker on r/wallstreetbets in the last week — data from Robinhood suggests traders are mostly buyers. Retail darlings like Palantir Technologies, Nvidia, and Tesla have had to make way for a new battleground stock on popular investing forums in the last week: embattled stock UnitedHealth.
America spent more than $880 billion just on interest on its debt last year

2 weeks ago | sherwood.news | Hyunsoo Rim |David Crowther

No wonder Moody’s stripped the US of its last AAA rating. America’s perfect credit era is officially over — marking the end of a century-long run. On Friday, Moody’s downgraded the US credit rating from its highest AAA grade to Aa1, citing “large annual fiscal deficits and growing interest costs.” The move follows earlier cuts from S&P in 2011 and Fitch in 2023, driven by rising debt concerns and political gridlock.
Data shows users are finally remembering that it’s called X now, not Twitter

3 weeks ago | sherwood.news | David Crowther

Tesla chief Elon Musk on October 26, 2022 carrying a sink as he enters the Twitter headquarters (Screenshot via Twitter account of Elon Musk/AFP via Getty Images)Almost 2 years later, the name might just be starting to stick. Whether it’s a baby, a company, a pope, or a product, naming things is hard. When Mark Zuckerberg wanted to change Facebook’s name to better reflect his aspirations in the metaverse, a marketing team was likely drafted in for mountains of moolah to come up with... Meta.
Stock futures soar as US agrees to slash Chinese tariffs to 30% for 90 days

3 weeks ago | sherwood.news | David Crowther

Global markets were jolted into the green early on Monday, after a bilateral statement from the United States and China signalled a reprieve in the trade war that has been top of investors’ concerns for much of this year.
The US and UK have agreed to a trade deal, or at least a trade framework

1 month ago | sherwood.news | David Crowther

Buying from Britain is already more expensive, as the dollar has weakened nearly 10% against sterling since January. US stocks were higher in trading on Thursday (SPDR S&P 500 Trust) after President Trump announced a “major trade deal” with the United Kingdom, the first of many big handshake opportunities the US administration will be hoping to deliver in the coming months.