Matt Phillips

1 day ago | sherwood.news | Matt Phillips

(John Keeble/Getty Images)The company is taking advantage of a surge in its stock price to raise some corporate cash. Drone weaponry maker Kratos Defense is down after it announced the sale of roughly 13 million new shares at $38.50 apiece in an underwritten offering that will raise just over $480 million. The company could also sell another 2 million shares over the next month or so as part of the deal.

2 days ago | sherwood.news | Matt Phillips

Jefferies analysts published an update on Duolingo Wednesday that showed a marked deceleration in the growth of daily active users, helping the push the stock to its worst day in over two months. The analysts wrote: [Daily active user] growth on the mobile app decelerated to +37% y/y in June, a slowdown from +53%/+41%/+40% in Mar/Apr/May. Visits growth on the mobile app also decelerated below the 1Q trajectory, with +30%/+35% growth in April/May (June not yet available) vs. +37% in 1Q.

3 days ago | sherwood.news | Matt Phillips

Stephen Miller, the influential Trump adviser at the heart of the administration’s aggressive deportation effort, has family shareholdings in ICE contractor Palantir Technologies, according to new financial disclosures spotlighted by the Project on Government Oversight (POGO), a nonprofit focusing on corruption and ethics in the federal government. The stake in the company — which the disclosure says is between $100,000 and $250,000 — was not previously reported, POGO says.

4 days ago | sherwood.news | Matt Phillips

People film projectiles over Doha in Qatar amid an Iranian attack on the largest US military base in the region. (AFP/Getty Images)After bracing for impact, risk assets like stocks and bitcoin are surging, while oil drops. Call it “duck and recover.” Prices of risky investments like stocks and crypto jumped in the aftermath of what seems a somewhat performative Iranian missile strike on a US military base in Qatar on Monday afternoon.

4 days ago | sherwood.news | Matt Phillips

The parent company of President Trump’s social media outlet, Truth Social, announced a plan to opportunistically repurchase and retire some $400 million in stock and warrants, sending the shares up early Monday. While share repurchases have become a popular way for profitable companies to return excess cash to shareholders in recent decades, Trump Media & Technology Group is not a profitable company.