Huntington Ingalls board members who almost never buy company stock bought just before Trump’s speech sent it sky-high An accounting professor who studies trading by corporate insiders described the transactions as “very unusual.”...

A few weeks back, giant shipbuilder Huntington Ingalls had its best trading day ever. It followed President Trump’s state of the union announcement that he intended “to resurrect” the US shipbuilding industry.

I noticed something, and did a bit of digging ...

sherwood.news/markets/hunt...

That...that is a tanking line.

Agreed, he should have political expertise. I also don’t expect him to know everything.

But none of that adds up to saying the writer “didn't know who FDR was until a reader told him about that whole "new deal" thing.”

That’s just more dumbing down, while complaining about dumbing down.

I don’t read this newsletter so I don’t have the context here, but it kinda feels like THIS is a dumbing down of its own. Distilling “guy basically saying ‘admittedly, I didn’t realize FDR did so much in his first 100 days’” into “this guy didn’t even know who FDR was!” seems kinda silly, no?

The revenge of the company town: Elon Musk, the new Baron of Bastrop The billionaire is using the sheer force of his will and wealth to reshape an area in the Lone Star State — whether the locals like it or not....

MESSIN' WITH TEXAS: We sent @rani.bsky.social to check out Snailbrook, TX, where Elon Musk is in the process of building his very own 21st-century company town sherwood.news/power/the-re...

The revenge of the company town: Elon Musk, the new Baron of Bastrop The billionaire is using the sheer force of his will and wealth to reshape an area in the Lone Star State — whether the locals like it or not....

This epic exploration of Elon Musk’s new pop-up town in Texas by @rani.bsky.social is simply brilliant — one of the best pieces of long form journalism I’ve read in a while (and honestly far more generous to Musk than you’d probably imagine). A must read.

sherwood.news/power/the-re...

So you’re gonna want to read this one. @rani.bsky.social went to Texas to check out Elon Musk’s company town. She wrote 6,000 fabulous words on money, power, the legacy of American company towns, and how Musk is reshaping the area -- whether the locals like it or not: sherwood.news/power/the-re...

Elon Musk’s $250 million Trump political contribution has boosted the value of his Tesla stake by nearly $50 billion That’s a nice investment return if you can get it....

Nice ROI if you can get it! Elon Musk’s $250M Trump political contribution has boosted the value of his Tesla stake by nearly *$50B* sherwood.news/business/mus... by @natebecker.bsky.social

Mexico is bracing for a tricky relationship with the US. This time it could play hardball. “This is probably the first time in their history that the US is deeply reliant on Mexico.”...

Really nice piece from @jedwrdmoreno.bsky.social: The trade dynamics between the US and Mexico are vastly different this time around than the last time Trump took office. “This is probably the first time in their history that the US is deeply reliant on Mexico.”
sherwood.news/world/mexico...

The next generation of great strategists aren’t bothering with chess or poker The future masters of the universe are ditching their grandparents’ strategy games and playing “Magic: The Gathering.”...

Why the future masters of the universe are ditching their grandparents’ strategy games and playing "Magic: The Gathering" sherwood.news/business/the...

The next generation of great strategists aren’t bothering with chess or poker The future masters of the universe are ditching their grandparents’ strategy games and playing “Magic: The Gathering.”...

Move over, poker. Up-and-coming strategists have a new card game of choice: sherwood.news/business/the...

This is a really fun data-viz:

yeah, it sure feels like there will be plenty more written (and honestly probably more disclosed too) about this!

i meannn, the company statement says they “made erroneous accounting accrual entries to hide” the expenses. I don’t think they’d say “to hide” if it was just a mess-up, but who knows?