WSJ: DOJ approved the Paramount-Warner Bros. deal even as investigators were leaning toward suing to stop it

According to Wall Street Journal reporting, DOJ investigators were leaning toward recommending a lawsuit to challenge the entertainment megamerger....

sherwood.news

Qualcomm reportedly in talks to acquire AI chip-design company Tenstorrent

Shares of Qualcomm have surged more than 60% in less than eight weeks as the company looks to carve out a bigger slice of the growing AI pie....

sherwood.news

Stocks climb on US-Iran peace deal

High-flying tech names, travel stocks, and crypto all soared, while energy stocks sank as oil prices fell....

sherwood.news

Tesla used skewed data in push for European FSD approval, Reuters finds

A version of Tesla FSD is currently available in five European markets....

sherwood.news

It’s still the “you gotta spend money to make money” stock market

Capex is king, and buybacks are just a way of admitting you aren’t in the AI race....

sherwood.news

Gold Tesla Cybercabs are piling up, but they’re not picking up passengers yet

Low-volume production started in April. Now people are noticing them more and more in the wild....

sherwood.news

Bitcoin hits highest level in 2 weeks following news of Iran deal

Bitcoin crossed $66,500 Monday morning as the broad crypto market welcomed the return of a risk-on mood....

sherwood.news

Anthropic pulls Fable and Mythos access worldwide after Trump administration bars their use by foreign nationals

After the US government notified Anthropic on Friday evening that it must ban foreign nationals from accessing its new Fable and Mythos AI models,...

sherwood.news

Britain announces social media ban for under-16s starting early 2027

The UK government plans to use the same model for the restrictions as Australia — but how successful has that case study been so far?...

sherwood.news

Crypto market snaps back as sentiment lifts, with altcoins from ethereum to XRP soaring

The entire crypto industry has added around $83.2 billion in market capitalization over the last 24 hours, with Zcash and worldcoin leading market...

sherwood.news

Peace deal prompts big buying of 2026’s best-performing stocks

Another short-lived threat to the momentum trade in the rearview mirror?...

sherwood.news

Lionsgate persists with decade-long effort to make a “Monopoly” movie

America’s favorite board game is proving a tricky subject for a feature film....

sherwood.news

Energy stocks follow oil lower as Strait of Hormuz set to reopen

Alongside the countries both declaring the end of their military operations, US President Donald Trump said on Sunday that the Strait of Hormuz...

sherwood.news

Nvidia to reportedly raise at least $20 billion in first bond sale since 2021

Bloomberg says the world’s most valuable company is tapping credit markets....

sherwood.news

Electronic Arts launches a platform to put more ads in its games

EA is looking to make the process of buying immersive ad space in its games simpler, in an effort to ramp up ad revenue....

sherwood.news

Fox to acquire Roku in $22 billion deal to create streaming and live content powerhouse

The deal combines Fox’s sports and news dominance with Roku’s 100 million-household network, positioning the combined entity to challenge traditional...

sherwood.news

Stocks soar as US and Iran reach deal to open Strait of Hormuz, end the war

The details of the framework for peace are not yet available....

sherwood.news

Report: Microsoft weighs Xbox spinoff amid major overhaul

The Information reports that as part of its overhaul strategy, Microsoft has thought of spinning out the struggling unit....

sherwood.news

The second half of the year might be more auspicious for bitcoin

“Winter is over. Welcome back to crypto Spring,” one analyst declared.

sherwood.news

Solar generated more power than coal in the US for the first time ever

Last month, solar power supplied 12.8% of US electricity generation, while coal supplied just 12.2%....

sherwood.news

AI was the top reason cited for US job cuts for the third straight month in May

Employers cited AI for nearly 40% of May’s cuts — a share that’s kept climbing since Challenger began tracking it in 2023....

sherwood.news

AMD shares climb on double Citi upgrade to “buy” with $575 price target

The chipmaker edged higher after Citi lifted its rating from “neutral” to “buy,” predicting massive multiyear AI revenue growth....

sherwood.news

Astera Labs, CoreWeave, Nebius, Rocket Lab, Teradyne rise on Nasdaq-100 index inclusion announcement

The latest additions reflect how the Nasdaq-100 is upping its exposure to the AI infrastructure stack....

sherwood.news

Stocks climb, oil drops as Trump calls off strikes on Iran

President Trump posted on Truth Social that he was calling off impending air strikes against Iran and told reporters in the Oval Office that...

sherwood.news

Adobe beats on Q2 earnings, revenue; CFO to step down

Adobe reported Q2 2026 earnings on Thursday....

sherwood.news

Trump says he’s called off impending strikes on Iran, sending stocks higher and oil plunging

Travel industry shares surged, while oil companies dipped on President Trump’s Truth Social post....

sherwood.news

Investors slice $2 billion out of bitcoin ETFs so far in June

The rate of outflows puts the funds on track to far surpass May’s losses....

sherwood.news

JM Smucker says it sold $1 billion worth of Uncrustables in FY2026

They did it!...

sherwood.news

Alphabet’s Waymo is getting into the subscription — and Uber’s — business

Waymo is hoping its new membership tier will lock in customers and get them to spend more....

sherwood.news

Anthropic’s Mythos gets tired, hates bad users, and wants to be thanked

Reminder: these models are not people, they don’t think, and when you close the tab, the model isn’t pondering your last interaction....

sherwood.news