Matt Phillips

New York

Senior Markets Correspondent at Sherwood News

Senior Markets Correspondent at Sherwood News. Ex-NYT, Axios, WSJ, QZ. Banjo/mando player. ❤️ ≠ ❤️. Opinions, vengeance mine. PGP: https://t.co/AzpENs86lx

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Articles

Woman arrested in 2022 Vernon Parish crash which left 3-year-old dead

5 days ago | kplctv.com | Matt Phillips |Johnathan Manning

VERNON PARISH, La. (KPLC) - A Texas woman has been arrested in connection with a crash that claimed the life of a 3-year-old in Vernon Parish three years ago. Amber Allison, 34, of Burkeville, is accused of letting Regina Shafer, 31, of Leesville, get behind the wheel prior to the fatal accident, according to court documents. Allison initially offered to drive the vehicle because Shafer was intoxicated, the court documents read.
A gambler-friendly March Madness crimps DraftKings earnings

6 days ago | sherwood.news | Matt Phillips

Net Q1 revenues at sports betting company DraftKings fell slightly short of Wall Street expectations in its report after the close Thursday. But it matched its bogey for earnings per share and investors seem to be giving DraftKings a pass, with shares up in early trading.
Rocket Lab descends on earnings miss, outlook cut

6 days ago | sherwood.news | Matt Phillips

Stocks slip slightly ahead of US and China trade negotiation talks over the weekendStocks were largely flat on Friday after President Trump said he may cut China’s 145% tariff to 80% ahead of trade negotiations in Switzerland this weekend. The S&P 500 slipped under 0.1%, the Nasdaq 100 ended flat, and the Russell 2000 fell 0.16%. Risk-on sectors like energy, real estate, and consumer discretionary outperformed, while healthcare, consumer staples, and communication services led the declines.
Taser maker Axon leads S&P surge

6 days ago | sherwood.news | Matt Phillips

Taser-maker Axon continued to bask in earnings afterglow Thursday. The stock was on track for a nearly 15% gain in the final hour of the session while collecting a rave review from equity analysts at Morgan Stanley. They upped their price target on the shares to $695 from $635, maintained their “overweight” rating, and called Axon’s nosebleed valuations warranted, given company’s track record of generating growth.
Citi: Palantir priced for “beyond perfection”

1 week ago | sherwood.news | Matt Phillips

Analysts at Citi raised their estimates and price target on Palantir, but they still won’t push the buy button. The reason, of course, is valuation, which has emerged as a sticking point for others, judging by the sharp sell-off the stock endured despite reporting results that were widely hailed on Wall Street as quite strong. In raising their target price from $110 to $115, Citi analysts concurred, as far as the numbers were concerned.
Small-cap neobank Dave Inc. soars after earnings

1 week ago | sherwood.news | Matt Phillips

D-Wave Quantum jumps over 27% on record revenuesD-Wave Quantum is roaring higher in the premarket after the quantum computing company posted $15 million in sales in the first quarter, a record that’s more than double its next-best result. Even as a pickup in sales was telegraphed by the firm’s surge in bookings last quarter, the revenue figure was still more than 40% above analysts’ estimates.
Overnight standoff with barricaded suspect ends in Sulphur

1 week ago | kplctv.com | Matt Phillips |Patrick Deaville

SULPHUR, La. (KPLC) - Sulphur Police say an overnight standoff with a barricaded suspect along U.S. Highway 90 just east of Post Oak Road has ended this morning. Maj. Jason Gully says the suspect was taken into custody around 8 a.m.The incident stemmed from a domestic dispute, and during the standoff, officers used a variety of tactics such as non-lethal stun grenades and drone surveillance to end things peacefully. The roadway was closed during the standoff but is now being reopened.
Man arrested for second time for having sex with missing teen, officials say

1 week ago | kalb.com | Matt Phillips

JENNINGS, La. (KPLC) - Less than two months after he was arrested for having sex with a runaway teen, a man is accused of the same offense with the same victim. Kelvon K. Brown, 22, who was arrested in Calcasieu Parish in February, is now facing a charge in Jeff Davis Parish. Jennings police were contacted by the Calcasieu Parish Sheriff’s Office on April 30 about a runaway juvenile who may have been in the area with Brown.
Jennings man accused of having inappropriate relationship with runaway juvenile

1 week ago | kplctv.com | Matt Phillips

JENNINGS, La. (KPLC) - A Jennings man is facing a felony sex charge after reportedly having an inappropriate relationship with a runaway child. Kelvon K. Brown, 22, was arrested on one count of felony carnal knowledge of a juvenile. On April 30, the Jennings Police Department was contacted by the Calcasieu Parish Sheriff’s Office about a runaway juvenile who may have been in the area with Brown. Jennings police said the girl was found alone that same day in the area of La. 26 and Baker Street.
2025 Beauregard Watermelon Festival begins this week

1 week ago | kplctv.com | Matt Phillips

DERIDDER, La. (KPLC) - The 2025 Beauregard Watermelon Festival is set to kick off this week in DeRidder. The yearly festival features plenty of fun for the whole family, with unique events like mutton bustin’, seed spittin’, pig scrambles, and even a mullet contest. If you feel like having a ball, there will also be dance lessons where you can learn to do the Watermelon Crawl. There will also be live music, several food vendors, and of course, plenty of sweet watermelons.