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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Take-Two dips after a “GTA 6”-less fiscal year outlook

1 day ago | sherwood.news | Max Knoblauch

Who needs “Grand Theft Auto” when you have “Merge Dragons”? Video game juggernaut Take-Two reported earnings on Thursday, posting fourth-quarter net revenue of $1.58 billion, narrowly beating expectations. With “GTA 6” delayed out of the current fiscal year, Take-Two said it expects revenue for FY26 to land between $5.95 billion and $6.05 billion, below expectations by nearly $2 billion.
Everyone on "The Price is Right" thought the Apple Vision Pro costs $2,000 less than it actually does

1 day ago | sherwood.news | Max Knoblauch

I mean it's one VR headset, Michael. What could it cost, $10 million dollars? Apple’s pricey VR headset doesn't seem to have broken through the cultural zeitgeist, at least as measured by the audience on a recent episode of "The Price is Right."Four contestants' Vision Pro price guesses were each more than $2,000 below the devices actual cost: $3,500 (seven times the price of the Meta Quest headset).
Starbucks is reportedly weighing selling stakes of its China business to a private equity firm

1 day ago | sherwood.news | Max Knoblauch

Starbucks is reportedly considering all options for its struggling China business, with one being a potential stake sale to a private equity firm or other potential investor. According to reporting by Bloomberg, the coffee chain recently requested growth and turnaround plans from would-be investors. Starbucks has had a rough go in China, its second-largest market after the US.
Boeing received its "largest ever" 787 jet order in a $96 billion deal with Qatar Airways

2 days ago | sherwood.news | Max Knoblauch

Boeing shares are ticking up Wednesday after the White House announced that the plane maker had struck a massive deal with Qatar Airways. According to a White House fact sheet, Qatar Airways (the state-owned airline of Qatar) will purchase up to 210 planes from Boeing in a $96-billion agreement. "This is Boeing’s largest-ever widebody order and largest-ever 787 order," reads the White House's statement. The order marks Boeing's second major deal of the past few days.
American-made PS5s apparently aren't off the table for Sony

2 days ago | sherwood.news | Max Knoblauch

(Photo by Robert Alexander/Getty Images)Sony issued a dampened gaming outlook on Wednesday, likely thanks to tariffs and the "GTA 6" delay. With tariffs crunching all aspects of the video game industry, Sony is leaving every option on the table. According to the investor call following Sony's earnings report on Wednesday, that includes Made-in-America PS5s. "Gaming consoles... can be produced locally. I think that would be an efficient strategy," said Sony CEO Hiroki Totoki.
Perplexity is in talks to raise again, as the battle for second in the AI chatbot race heats up

2 days ago | sherwood.news | Tom Jones

The latest funding round could peg Perplexity at a $14 billion valuation. Like a lot of AI startups, Perplexity isn’t having a hard time finding new investors. According to exclusive reporting by The Wall Street Journal, the company is in closing talks for a new $500 million funding round that would see it valued at a whopping $14 billion.
GM says 400-mile range EVs are on the way after a battery breakthrough

3 days ago | sherwood.news | Max Knoblauch

General Motors announced plans today to start commercial production on EV batteries that will allow for about 400 miles of range on a single charge — and cost less — by 2028. Together with its partner LG Energy Solution, the automaker will use lithium manganese-rich (LMR) battery cells in its full-size EVs.LMR batteries have existed for decades, but automakers have avoided their use in commercial vehicles because they typically have a shorter lifespan. GM believes it has solved that issue.
Honda and Nissan are both expecting a huge tariff blow

3 days ago | sherwood.news | Max Knoblauch

Honda and Nissan have joined a growing list of Japanese automakers expecting a massive hit from US tariffs. Honda, which is planning to shift production of its next Civic to the US, forecast a $4.4 billion plunge in operating profit this fiscal year. Nissan, which produces 45% of the vehicles it sells in the US outside of the US, expects the levies to swell its costs by $3 billion. The struggling automaker is already cutting costs by slashing its workforce.
US new vehicle prices jumped by 2.5% in April, the most in five years

3 days ago | sherwood.news | Max Knoblauch

The last month-over-month increase greater than April 2025 was April 2020, roughly one month into the pandemic. Well, that was fast. According to a new report by Cox Automotive, new vehicle prices climbed 2.5% in April from the previous month. That’s the biggest jump in five years, since April 2020. As of April, a new car will set Americans back $48,699 on average — the highest rate of 2025 so far.
Plug Power beats Wall Street sales estimates but investors aren't electrified

4 days ago | sherwood.news | Max Knoblauch

Hydrogen fuel cell company Plug Power was largely flat in after hours trading on Monday, following the company's first quarter earnings report. Plug reported revenue of $133.7 million on the quarter, beating the analyst estimates $132 million. The company posted a loss per share of -$0.21, slightly worse than Wall Street expectations of a -$0.19 loss. Shares were down around 2% in after-hours trading.