Sherwood News

Sherwood News aims to provide insightful and practical news on markets, business, technology, and the financial culture. We prioritize delivering information in an authoritative and engaging manner that resonates with today's audience. Our focus is on uncovering the most significant stories that matter to our readers and presenting them in a way that respects their understanding while advancing the art of journalism in impactful ways. Our goal is to become the go-to news outlet for a curious and informed generation of readers seeking information that meets their needs and preferences.

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Chinese IPOs in the US have been making a comeback... of sorts

1 day ago | sherwood.news | Claire Yubin Oh |Tom Jones

Even with ~$6 billion tea giant Chagee now in the mix, the current landscape still seems to be deterring bigger names. Strange as the timing may seem, given the broader geopolitical picture, many Chinese companies are seeing 2025 as the year to hit the US public market. Last week, tea giant Chagee soared 21% on its Nasdaq debut to hit a $6.2 billion valuation, while a flurry of tech firms are reportedly looking to follow suit, per Bloomberg.
US solar companies get a boost from huge new tariffs on Southeast Asian competitors

2 days ago | sherwood.news | Tom Jones

The US Department of Commerce yesterday announced new tariffs of up to 3,521% on solar panels and related products from Cambodia, Malaysia, Thailand, and Vietnam, as the government cracks down on allegations that companies dump cheap products in the US and that Chinese subsidies are hurting the domestic solar industry. Of course, rates vary from company to company across the Southeast Asian nations.
Doechii’s “Anxiety” shows how TikTok is tilting toward celebrity

6 days ago | sherwood.news | Ryan Broderick |Adam Bumas

Doechii performs at the Grammy awards in February (Kevin Winter/Getty Images)TikTok’s original strength was that it could make anyone famous. Now it’s just pushing the celebs who parachute into trends. Ryan Broderick, Adam BumasRapper Doechii’s song “Anxiety” is everywhere right now. It is, of course, almost entirely thanks to TikTok. But what’s fascinating is how differently “Anxiety” has been performing on the app compared to previous viral hits.
Trump Media sends letter to SEC alleging “potential illegal naked short selling and market manipulation” of its shares

1 week ago | sherwood.news | Luke Kawa

Trump Media & Technology Group called on the US Securities and Exchange Commission to “immediately investigate” what the company alleges is “suspicious trading” relating to a massive short position in the stock by UK-based hedge fund Qube Research & Technologies.
House China Committee asks JPMorgan, Bank of America to pull out of Chinese battery company’s IPO

1 week ago | sherwood.news | Luke Kawa

The IPO environment has been bad enough for US banks, with tumultuous markets leading many companies to shy away from going public. Now, the head of a US congressional committee is asking JPMorgan and Bank of America to pull back from a big fee-generating opportunity on their books, alleging that the Chinese company in question — Contemporary Amperex Technology Limited, or CATL —develops products that have military and surveillance applications and has suppliers that utilize forced labor camps.
The UK job market just saw its biggest drop since Covid

1 week ago | sherwood.news | Hyunsoo Rim

Rising employer costs in April are likely to blame for a lot of the drop-off. The UK job market looked a little like 2020 again last month. According to the Office for National Statistics, the number of payrolled workers by 78,000 in March — the steepest monthly fall in almost five years, when Brits were coming to terms with the first national lockdown and businesses were working out what that meant for the world of work.
UnitedHealth shares are sinking as the insurer cuts its 2025 outlook

1 week ago | sherwood.news | Tom Jones

UnitedHealth slumped ~20% in premarket trading after posting disappointing results for the first quarter and lowering its profit forecast for the year. In its Q1 and revised outlook report this morning, the healthcare and insurance giant revealed that heightened demand for its Medicare Advantage plans — used mostly by customers over the age of 65 — was “far above” expectations, weighing more heavily than expected on the company’s earnings so far in 2025.
President Donald Trump is itching to fire Fed Chair Jay Powell

1 week ago | sherwood.news | Luke Kawa

US President Donald Trump said that Fed Chair Jerome Powell is “TOO LATE AND WRONG,” adding that his “termination cannot come fast enough!” in a post on Truth Social this morning. The comments left no obvious, large imprint on financial markets. It’s a familiar critique from the president, who often castigated the Fed during his first term for, in his view, raising policy rates too much and continuing to run down bonds off its balance sheet (known as quantitative tightening) for too long.
US stocks slump, with tech heavyweights cratering on fresh semiconductor export restrictions

1 week ago | sherwood.news | Luke Kawa

US stocks slid, with tech leading the way down as chipmakers face additional curbs on what they can sell to China. Major indexes extended losses after Fed Chair Jay Powell reiterated the message that the central bank is in no hurry to respond to the hit to growth from tariffs because these levies will also put upward pressure on inflation. The S&P 500 ended down 2.2%, the Nasdaq 100 fell 3%, and the Russell 2000 gave back 1%.
Report: Trump tariffs caused Tesla to suspend shipments of Cybercab and Semi parts from China

1 week ago | sherwood.news | Rani Molla

When President Trump added 34% levies on Chinese goods as part of his reciprocal tariffs on April 2, Tesla, which gets some of its components for its robotaxi and its electric semitrucks from China, held its ground. But when Trump soon after raised the tariff to 84% and then to 125%, Tesla suspended shipments of those parts, according to an exclusive report from Reuters.