Archive for May, 2025
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Morning News: May 1, 2025
Eddy Elfenbein, May 1st, 2025 at 7:06 amTrump’s ‘Unprecedented’ Tariffs Lead Japan to Slash Its Growth Forecast
Why Reciprocal Trade Negotiations Will Fail
U.S. Economy Shrank in First Quarter, in Reading Clouded by Messy Trade Data
A Flashing Economic Warning and a Sharp Political Jolt
Under Trump, Stocks Have the Worst Start to a Presidential Term Since 1974
Fed Should Ditch Current Policy Framework, Group of Former Top Central Bankers Says
Musk Says DOGE ‘Should Definitely’ Examine Federal Reserve Costs
US Economic Weakness Is Being Exaggerated – For Now
Morgan Stanley Plans to Offer Crypto Trading to E*Trade Clients
CEO of $41 Billion Payments Giant Swings Series of Megadeals in M&A Standstill
AI’s Second Boom: How the Next 24 Months Could Transform Your Portfolio
Zuckerberg Pushes Full Tilt on AI Spending in Face of Economic Uncertainty
Judge Rebukes Apple and Orders It to Loosen Grip on App Store
Gates Foundation Is Rattled by Trump’s Threat to Its Mission
Gen Z’s Hole in the Labor Market Could Soon Grow
The Rising Cost of ICE Flying Immigrants to Far-Flung Detention Centers
Blackouts in Spain and Portugal Show the Need to Supercharge Grid Upgrades
How the U.S. Oil Industry Has Taken a Beating Under Trump, in Charts
Rio Tinto Shareholders Reject Activist Bid for Review of London Listing
Chinese Automakers Report Robust Sales Growth in April
BYD Posts Best Month of Sales Yet in 2025 With Pure EVs a Hit
European Automakers Scrap Forecasts Amid Tariff Uncertainty
GM Expects Tariffs to Cost Up to $5 Billion in 2025, Slashes Outlook
Harley Pulls Guidance Amid Tariff Worries as Sales Tumble
Lilly Cuts Earnings Guidance on Research Costs, Shares Fall
Arm & Hammer Owner Church & Dwight Slashes Growth, Profit View as Growth Slows
McDonald’s U.S. Sales Decline in Shaky Economy
Hershey Expects Tariffs to Cost Up to $20 Million in 2Q
As a Shipping Loophole Closes, Small Online Sellers Scramble
Rory McIlroy Dives Deeper Into Private Equity
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Does anyone have a suit of armor, jet skis and a blowtorch I can borrow/rent? There's an experiment I'm working on.
This is pretty amazing. US elections combined since 1924:
GOP: 1,058,301,749
DEM: 1,057,846,951
Oth: 88,548,252Unemployment spikes in Washington, DC
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 