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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I spent $300 million to tilt an election and all I got was this lousy T-shirt

2 days ago | sherwood.news | Nathan Becker

Elon Musk. (Photo by OLIVER CONTRERAS/AFP via Getty Images) Elon Musk doesn’t have much to show for donating hundreds of millions of dollars and his time to Donald Trump. The Donald Trump-Elon Musk levee finally broke, and the fallout is pretty epic. In a move that is shocking, totally unexpected and certainly unprecedented, the bromance between Donald Trump and Elon Musk detonated in spectacular fashion on Thursday. The pot had been boiling for a while, but now it’s spilling over.
Chip stocks lead widespread rally

4 days ago | sherwood.news | Nia Warfield |Luke Kawa

A big rally in chip stocks amid continued optimism on the AI boom coupled with smaller advances in most stocks made for another strong session on Wall Street. The S&P 500 rose 0.6%, the Nasdaq 100 ended up 0.8%, and the Russell 2000 led the way with a 1.6% gain on Tuesday. Tech was the best-performing S&P 500 sector ETF but unlike Monday, gains were more widespread, with advancers in the S&P 500 outnumbering decliners by 218.
America’s fast-food giants are facing some indigestion in international expansion efforts

4 days ago | sherwood.news | Luke Kawa

A McDonald’s store in Tokyo, Japan (Getty Images)Fast-food restaurants are growing their locations outside the US — just not as fast as they’ve said they would. America’s fast-food chains are getting their growth from outside the US — without growing as much as they’re aiming to.
Broadcom hits all-time high after starting shipments of new AI hardware

5 days ago | sherwood.news | Luke Kawa

Broadcom popped as much as 3.6% to a fresh all-time high on Tuesday after announcing that it’s now shipping Tomahawk 6 switch chips, which Senior Vice President Ram Velaga hailed as a “breakthrough” in making AI processing capabilities more efficient. “It marks a turning point in AI infrastructure design, combining the highest bandwidth, power efficiency, and adaptive routing features for scale-up and scale-out networks into one platform,” Velaga said.
Wall Street thinks the “pain trade” is for AI stocks to keep soaring

5 days ago | sherwood.news | Luke Kawa

As US stocks continue to make their near bear market in April look like a distant memory, the new leaders are the old leaders: all AI, all the time. On Tuesday, Bespoke Investment Group flagged that its AI “picks and shovels” basket was effectively back at pre-DeepSeek levels. And with the surge in Constellation Energy after this morning’s deal with Meta, it’s a safe bet that basket is now at all-time highs. AI “picks and shovels” stocks are basically back at all-time highs.
Robinhood hits 52-week high

5 days ago | sherwood.news | Matt Phillips

Shares of online brokerage Robinhood Markets closed at their second-highest level ever on Monday, reaching a fresh 52-week high as tech shares outperformed the broader markets in a day of seesaw trading. (Sherwood Media is an editorially independent subsidiary of Robinhood Markets Inc.) Robinhood has been on a searing run that’s carried the shares up almost 100% since their April 8 low. The stock is now only 3% below its all time high of $70.39, reached in August 2021 shortly after its IPO.
Tech and energy fuel positive start to the week for US stocks

5 days ago | sherwood.news | Nia Warfield |Luke Kawa

US stocks enjoyed a positive start to the week, shaking off early losses to finish near their highs of the day. The S&P 500 rose 0.4%, the Nasdaq 100 gained 0.7%, and the Russell 2000 went up 0.2%. The S&P 500’s rally came despite decliners outnumbering advancers by 22. Energy was the best-performing S&P 500 sector ETF despite another production increase from OPEC+, while tech also put in a solid gain. Industrials was the lone sector to finish in the red.
Why Nvidia’s concern over China escalated into full-blown alarm

6 days ago | sherwood.news | Luke Kawa

In May 2023, when Nvidia’s blowout earnings report unofficially kicked the AI boom into high gear and sent shares ripping 24% higher, “China” was barely on anyone’s lips. The world’s second-largest economy came up just once as a topic of discussion on that earnings call — pertaining to some softness in the chip designer’s automotive business. Fast-forward to last week, when China was mentioned 27 times during the earnings call, more than the previous four quarters combined.
Slate electric trucks will cost less than an average used car, even without tax credits

6 days ago | sherwood.news | Rani Molla

The Tesla competitor thinks you don’t only want to design your truck, but fix it, too. The federal $7,500 EV tax credit likely won’t be around when the first Slate Auto electric truck rolls off its Indiana lot at the end of 2026, but even still, the so-called Blank Slate is expected to not only cost less than most new vehicles (both electric and gas), but many used cars, too.
Palantir slips after Friday’s record high

6 days ago | sherwood.news | Matt Phillips

Palantir closed at a record high on Friday and made a run for another new high in early trading Monday, before weak reports on the US industrial economy seemed to soften up the market as a whole, taking Palantir down with it. A favorite of retail traders, shares of the defense data and AI software firm is vying with NRG to be the top performer in the S&P 500, with both up more than 70% year to date.