Morning News: May 4, 2026

China’s Unprecedented Defiance of US Sanctions Triggers Showdown

How US and China’s Allies Struggle to Balance Trade Ties With Both

Oil Jumps as Iran Resists Trump’s Offer to Help Ships Through Strait of Hormuz

OPEC Plus, in Symbolic Gesture, to Increase Oil Production

Here’s What’s Shoring Up the Global Economy During the Energy Shock

‘City of Glass’ Is Under Threat From Iran War

Not Even Japanese Bathhouses Are Immune From Shocks of Iran War

These Countries Embrace E.V.s to Avoid Oil Price Shocks

What the Tax Code Actually Rewards, Why Most Have It Backwards

Beware the Bubble — in the Bond Market

Why Jerome Powell Decided to Stay at the Fed

The New Fed May Cut Rates, Though Without Much Rate Impact

Bank Regulatory Rulebooks Are Dangerously Bereft of AI Guidance

Five Takeaways From Berkshire CEO Greg Abel’s First Annual Shareholder Meeting as Host

Warren Buffett Can’t Bequeath Abel Patient Investors

Trillions in Retirement Dollars Flow Into Opaque Trusts

The $11 Billion Casino-Style Economy Built on Players Who Can Never Cash Out

Why Almost Everyone Loses—Except A Few Sharks—On Prediction Markets

A Federal Housing Handout Has Ended. Foreclosures Will Follow

These Are the Hiring Hot Spots Where College Grads Are Landing Good Jobs

Why the A.I. Job Apocalypse (Probably) Won’t Happen

AI Chipmakers in Korea, Taiwan Drive Asian Stocks to Record

Musk Sketches Apocalyptic Vision in Bid to Block OpenAI’s Transition

Anthropic Nears $1.5 Billion Joint Venture With Wall Street Firms

Anthropic’s IPO Rush Runs on Narrative, Not Numbers

Nvidia Rival Cerebras Seeks to Raise $3.5 Billion in US IPO

An Aluminum Crisis Is Roiling the Auto Industry

GameStop Offers to Buy eBay for $56 Billion

Hubbell to Buy NSI Industries for $3 Billion

Norwegian Cruise Line Cuts Outlook Amid Soft Demand, Higher Fuel Costs

Spirit Airlines’ Demise Could Help Other Airlines

Food Industry Sees a Threat in Kennedy’s Push to Define ‘Ultraprocessed’ Food

The Cannabis Industry’s New Best Friend? President Trump

Tyson Raises Profit Outlook as Protein Demand Offsets Beef Pain

Whatnot Has Americans Hooked on Livestream Shopping

Be sure to follow me on X.

Posted by on May 4th, 2026 at 7:08 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.