Luke Kawa

1 week ago | sherwood.news | Luke Kawa

To say that America is falling behind on any emergent technology is a bold statement. To say it of quantum computing might be even more eyebrow-raising, given that megacap tech companies like Amazon, Microsoft, and Alphabet have all introduced new quantum chips in the past five months, while San Jose-based D-Wave Quantum has booked a sale of a quantum system that continues to generate revenues in part by using D-Wave’s technology to help businesses solve optimization problems.

1 week ago | sherwood.news | Nia Warfield |Luke Kawa

Trade optimism fueled another day of gains for US stocks as President Donald Trump trumpeted a trade deal with the UK and raised the prospect of lower tariffs on China. The S&P 500 rose 0.6%, the Nasdaq 100 rose 1%, and the Russell 2000 led the way with a 1.9% advance. It was a clear risk-on day: industrials, materials, and energy were the best-performing S&P 500 sector ETFs, while defensive sectors real estate, utilities, consumer staples, and healthcare all fell.

1 week ago | sherwood.news | Luke Kawa

D-Wave Quantum is one of the best-performing stocks listed across all US exchanges on Thursday, soaring over 50% at its peak after an impressive set of first-quarter results in which more quarterly revenues were generated than all of 2024. (The Tradr 2x Long QBTS Daily ETF is performing like the name suggests, more than doubling on the day).

1 week ago | sherwood.news | Luke Kawa

The Federal Reserve has no clue what in the world awaits the US economy, so it kept rates unchanged at a range of 4.25% to 4.5%. “Uncertainty about the economic outlook has increased further,” the statement that accompanied the decision said.

1 week ago | sherwood.news | Luke Kawa

Markets got a big jolt after the close on Tuesday following news that Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are meeting with a top Chinese economic official on Thursday to talk trade. That was quickly followed by interest rate cuts by the People’s Bank of China.