Archive for September, 2025

• Morning News: September 18, 2025
  Eddy Elfenbein, September 18th, 2025 at 7:07 am

  Taiwan Central Bank Leaves Key Interest Rates Unchanged

  Norges Bank Cuts Key Rate But Hints at Very Gradual Easing Going Forward

  Bank of England Leaves Key Rate on Hold, Slows Quantitative Tightening

  The Fed Rolls Back Recession Risk

  Rate Cuts After Long Pauses Have Been a Boon for Stocks

  Amex Boosts Platinum Fee to $895, Adds Resy and Lululemon Perks

  How an Enron Parody Turned Into a Financial Mess of Its Own

  What Decides Where Mortgage Rates Go From Here

  Home Insurance as You Know It Is Doomed. You’re Not Ready.

  Labubus Might Be the Perfect Avatar of 2025

  Russia, China and Iran Use Kirk’s Murder to Stoke Conspiracy Theories and Division

  Disney Pulls Jimmy Kimmel’s Show After Kirk Remarks

  Blaming Violence on Free Speech Is a Very Old Trick

  After ICE Raids, Canada Sees Surge in Migrants Crossing Border Through New York

  To Keep Us Safe From China, Trump Must Allow Chinese Goods In

  From Skechers to Foot Locker: Tariff Chaos Spurs Record-High Footwear, Apparel Deals

  Trump’s UK State Visit Shifts From Pomp to Politics and Investment

  Congress Has No Good Excuse to Keep Trading Stocks

  Inside the Room Where CEOs Say What They Really Think of Trump’s Policies

  American Farmers Are Feeling the Pain of Trump’s Policies

  The TikTok Deal Doesn’t Seem to Do What It Was Supposed To

  In the EU Antitrust Case, AI Disrupts the Market

  Nvidia Invests $5 Billion in Intel, Plans to Co-Design Chips

  Meta Unveils New Smartglasses With Display and AI Abilities

  Meta Approaches Media Companies About AI Content-Licensing Deals

  Executives at xAI Clashed With Musk Advisers Before Departing

  Tesla Is Redesigning Door Handles That Drew Safety Scrutiny

  A Cyberattack Crippled Range Rover Production. The Reboot Is Proving Tough.

  How More Rail Could Take Trucks Off the Road

  India May Finally Be Ready for Its Atomic Age

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• Morning News: September 17, 2025
  Eddy Elfenbein, September 17th, 2025 at 7:08 am

  EU Wraps Up Trade Deal With Indonesia in Push for New Markets

  Indonesia’s Central Bank Delivers Surprise Rate Cut Amid Political Uncertainty

  Incoming ECB Rate-Setter Pereira Says He’s ‘Definitely’ No Dove

  Japan’s Exports Struggle Under Weight of Tariffs

  U.S. Importers and Exporters Fret Over Port Fees on Chinese Ships

  Import Prices Rose Unexpectedly in August

  G.O.P. Again Cedes Power on Tariffs to Avoid Crossing Trump

  Fed Divisions Thrust Powell Into Uncharted Territory

  Investors Are Bullish as a Pivotal Fed Decision Looms

  Bessent, Like Fed Governor, Made Contradictory Mortgage Pledges

  We’ll FOM See How Long the Risks Can Be Ignored

  The ‘Smart Money’ Is Flashing a Warning for Stocks

  The Two-Speed Economy Is Back as Low-Income Americans Give Up Gains

  Fired BLS Chief Breaks Silence, Calls Her Dismissal a ‘Dangerous Step’

  US Wins Release of Wells Fargo Banker Barred from Leaving China

  BofA Raises US Minimum Hourly Wage to $25, Delivering on 2021 Commitment

  Ray Dalio Embraces Family Office Life as CIO: ‘I’m the Guy’ Now

  Trump’s $15 Billion NY Times Suit Also Has a Serious Intent

  Texas Oil Boom Spawns a Toxic Crisis of the Industry’s Own Making

  China Orders Firms to Stop Buying Nvidia AI Chip, FT Says

  How China Is Dominating the Global EV Market

  Rivian Is Building a Georgia Factory in the Face of an EV Slump

  Japanese Brand Automakers Power U.S. Workforce Development

  South Korea Reels From Shocking ICE Expulsions of Battery Engineers

  LG Battery Unit Continues U.S. Projects After Raid

  Set America’s Railroads – and Small Businesses – Free

  Lilly’s Obesity Pill Will Have Far-Reaching Effect, Doctors Say

  Jerry of Ben & Jerry’s Resigns, Saying Company Has Been ‘Silenced’

  General Mills Profit Beats as Shoppers Dine In to Save Cash

  Infamous Fyre Festival Sells for Fire-Sale Price of $245,000

  Why Elon Musk Will One Day Open a Candy Company

  Let’s Not Trivialize a Tragedy With Internet, Trans and Videogame Banalities

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• CWS Market Review – September 16, 2025
  Eddy Elfenbein, September 16th, 2025 at 7:14 pm

  (This is the free version of CWS Market Review. If you like what you see, then please sign up for the premium newsletter for $20 per month or $200 for the whole year. If you sign up today, you can see our two reports, “Your Handy Guide to Stock Orders” and “How Not to Get Screwed on Your Mortgage.”)

  This week is Fed Week. We finally made to the big interest rate decision. The Federal Reserve started its two-day meeting today, and tomorrow afternoon, the Fed is widely expected to cut interest rates by 0.25%. This will be the first rate cut this year.

  

  We’ll learn more details tomorrow, but it looks like this will only be the start of interest rate cuts. Traders expect two more cuts this year, and a fourth cut within six months. The Fed’s policy statement will be released tomorrow at 2 p.m. ET. That will be followed shortly after by a press conference from Federal Reserve chairman Jerome Powell.

  Frankly, I think the Fed was behind the curve on this. We’ve already seen some deteriorating economic data. One year’s worth of jobs data was revised lower. While the unemployment rate is still low, it’s at a four-year high. The initial jobless claims also came in high. Historically, once the jobs data starts to move a little, it soon moves a lot.

  Coincidentally, the Fed got a new board member today. Yesterday, the Senate voted to confirm Stephen Miran as a member of the Federal Reserve Board. The vote was 48 to 47. He was sworn in earlier today. President Trump has been very critical of the Fed, but he’ll get his wish for at least one rate cut. In May, the president will be able to nominate his own Fed chairman.

  The stock market has been incredibly strong in recent weeks. If there are any problems with the labor market, it’s not showing up in share prices. Before the market’s modest drop today, the S&P 500 closed higher ten times in the last 14 sessions. The market has led a charmed life since the April 8 low. Not only has the market climbed steadily, but it’s done so very smoothly. The S&P 500 hasn’t had a daily drop of more than 0.7% in 31 trading days.

  This gets us to the central paradox of this market. The overall market has been steady and calm, yet within the market, the Low Volatility stocks have done the worst, while the High Beta stocks have gobbled up all the profits.

  I’ve talked a lot about this trend over the past several weeks, but it’s only grown more pronounced.

  Here’s a small chart that explains a lot. This is the S&P 500 High Beta ETF (SPHB) along with the S&P 500 Low Vol ETF (SPLV). Since early April, the Low Vol stocks are down slightly (-1.64%) while the High Beta stocks are up nearly 50%.

  

  During the short-lived bear market we had earlier this year, low volatility stocks did much better than the overall market. The High Beta sector has stormed back. I generally shy away from predicting market tops or bottoms, but I feel confident in saying that the High Beta outperformance will not continue indefinitely. Stein’s Law: “If a trend cannot continue, it will stop.”

  This morning, we got the retail sales report, and it was a decent one. I don’t want to overstate the strength of the report but it’s good to see signs of a resilient consumer in the face of weaker jobs data. Oftentimes, economic data is contradictory. This is only the initial report. We’ll get a more detailed report in about two weeks.

  Here’s what the report had to say. For August, retail sales rose by 0.6%. That’s the highest since June. Expectations were for 0.2%.

  The month’s strength was fairly widespread, with sales rising at nine of the 13 categories the Census Bureau tracks. Retailers may have reaped the benefit of a strong back-to-school season. Sales at nonstore retailers—a proxy for e-commerce—jumped 2% in August from July, while clothing and accessories sales increased 1%, and sales at sporting goods and hobby stores gained 0.8%.

  Miscellaneous store retailers, furniture stores, general merchandise stores, and health and personal care stores all notched monthly declines, but still grew year over year.

  

  If we exclude autos, then retail sales were up 0.7% last month. That’s also the best since June. If we strip out autos and gasoline, then retail sales were again up by 0.7%. The retail sales number for June was also revised slightly higher. The original report came in at 0.5%. That was revised up to 0.6%.

  We also got the report on import prices. Month over month import prices rose by 0.3%. Wall Street had been expecting a drop of 0.2%. Over the last year, import prices are unchanged. Over the last year, export prices are up by 3.4%.

  Stock Focus: Colgate-Palmolive

  As an investor, I’ve learned that one of the best places to find great opportunities is in the regular and the ordinary. Too often, investors think that being a great investor involves finding the “next great” company that’s going to discover and market some revolutionary breakthrough.

  I have nothing against that concept except that it’s very hard to do. Let’s remember how often the winner is not the company that was first. Instead, it’s the company that was best able to exploit what others have done.

  On the other hand, we have the non-revolutionary companies. This week’s featured stock is Colgate-Palmolive (CL), which is about as non-revolutionary as they come.

  I know what you’re thinking. Colgate? You’re talking about investing in toothpaste?

  Well, yes, but Colgate is a whole lot more than toothpaste. Today’s Colgate-Palmolive is a household products powerhouse. In just about every home in America, you can probably find something made by Colgate.

  Colgate employs more than 34,000 people in dozens of countries all over the world. Last year, Colgate registered sales of more than $20 billion. On average, people buy over $55 million worth of Colgate’s products every day.

  Here’s another fact you may not know. Since 1990, shares of Colgate are up more than 5,600%. Colgate has been a massive winner for investors. Shares of Colgate-Palmolive have far outpaced the rest of the stock market. What’s more is that the company has increased its dividend every year for the last 62 years.

  Here’s how the stock has done since 1990. For context, the blue line is the S&P 500.

  

  Not bad for a toothpaste company!

  Of course, Colgate is a lot more than toothpaste. There’s also Palmolive dishwashing soap. Colgate also makes Irish Spring. They own a good part of Tom’s of Maine, Ajax and Speed Stick. Colgate also makes Skin Bracer, Fresh Start and Cold Power. Colgate owns dozens of well-known brand names. (You can see a list of their brands here.)

  The current quarterly dividend is 52 cents per share, and I expect Colgate will keep their dividend-hiking streak alive. On August 1, the company reported Q3 earnings of 92 cents per share which beat the Street by three cents per share.

  Colgate is a classic defensive play. The consensus on Wall Street now expects CL to earn $3.94 per share in 2026. I think that’s very doable. The stock has not performed well lately, and I think it’s a decent buy right now. The stock is going for about 20 times next year’s earnings. That’s a bit high but I think it’s reasonable for a long-term position. Also, the dividend yield works out to a little over 2.5%.

  Wall Street Was Bombed 105 Years ago Today

  

  One hundred and five years ago today, at one minute past noon, a bomb exploded in Wall Street which killed 38 people and seriously wounded 143. Windows were shattered up to a half-mile away.

  A horse-drawn wagon loaded with dynamite had been parked in front of the headquarters of J.P. Morgan. The dynamite was packed with 500 pounds of cast-iron slugs.

  For the first time ever, trading was halted on the floor of the New York Stock Exchange because of violence. The previous day, anarchists Sacco and Vanzetti had been indicted for bank robbery and murder. At the time, it was the deadliest terrorist attack on U.S. soil.

  No one knows who carried out the attack, but it was assumed to have been orchestrated by an Italian anarchist group. They had carried out a series of bombings in June 1919.

  Damage from the blast is still visible on 23 Wall Street. J.P. Morgan refused to have it repaired. This is a picture I took of the damage. The perpetrators were never caught.

  

  That’s all for now. I’ll have more for you in the next issue of CWS Market Review.

  – Eddy

  P.S. This Sunday our ETF, the AdvisorShares Focused Equity Fund (CWS), will celebrate its ninth birthday. I want to thank everyone for your support. Every year, hundreds of funds close up shop but ours is as strong as ever. You can get more info on the fund here.

• Morning News: September 16, 2025
  Eddy Elfenbein, September 16th, 2025 at 7:04 am

  China Is Longing for the ‘Beauty of the Boom Years’

  How China Is Weathering the Trade War With Trump

  Eurozone Industrial Production Rebounded in July Despite Tariff Uncertainty

  Extortion Gangs Are Circling Peru’s Ambitious $1.3 Billion Megaport

  BLS Resumes Hiring of Price Checkers

  Bessent Jokes About Hamilton-Burr Duel When Asked About Pulte

  Fed Meeting Set to Bring Together Trump Ally With Targets of President’s Ire

  Senate Votes to Confirm Trump Pick Stephen Miran to Fed Board

  Appeals Court Rejects Trump Request to Remove Fed Governor Lisa Cook

  The Fed Should Move Slowly and Make No Promises

  Fed Dissent Is Going to Raise Some Uncomfortable Questions

  To Be a Fly on the Wall at This Fed Meeting

  Earnings Reports Don’t Need to Be Quarterly

  Best Business School Rankings 2025-2026

  The CEO Guide to Getting What You Want Out of Trump

  The Quiet Force Imperiling Our Booming Stock Market

  Citi Forecasts Ether’s Year-End Target at $4,300

  Santander’s Openbank Launches Crypto Trading For Retail Clients

  US Judge Upholds Fed’s Debit Card ‘Swipe Fees’ Rule, in Split with Other Court

  Mutual Fund Titans Plowed Into Private Markets. It Isn’t Working

  Basic Market Logic Tells Us the Middle Class Won’t Pay Off the National Debt

  Trump Files $15 Billion Lawsuit Against New York Times

  On the Matter of Antitrust, There’s a Crucial Split Within MAGA

  How Wall Street’s Big Bets on A.I. Are Driving Interest in Huge Parking Lots

  Tesla Faces US Auto Safety Investigation Over Door Handles

  Tesla Shares Rise on Elon Musk’s $1 Billion Stock Purchase

  Jack Ma Returns With a Vengeance to ‘Make Alibaba Great Again’

  Top 10% of Earners Drive a Growing Share of US Consumer Spending

  The New Pitfall of Online Shopping: A Surprise Tariff Bill

  Shoe Companies Warn of Price Increases as Tariff Costs Kick In

  The Grilled Chicken Chain Joining the Crispy Poultry Frenzy. Sort of.

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• Morning News: September 15, 2025
  Eddy Elfenbein, September 15th, 2025 at 7:05 am

  China’s Economy Shows Signs of Summer Slowdown

  China’s Snub of U.S. Soybeans Is a Crisis for American Farmers

  Filipinos Are Addicted to Online Gambling. So Is Their Government

  Israeli Billionaire Zuk’s Bank to Split Revenue With Customers

  Russia Warns Europe: We Will Go After Any State Which Takes Our Assets

  EU Exports Dip Despite U.S. Rebound

  Did Britain Win the Trade War? Why It’s Tough to Declare a Victor.

  ECB Tells Small Banks to Tackle Old Bad Loans

  Trump Can Have Tariff Revenues or Re-Shoring, Not Both

  An Unresponsive Public Is Undermining Government Economic Data

  The Fed Tried to Avoid a Fight With Trump. It Got One Anyway.

  As Milton Friedman Did, Trump Thinks The Fed Can Overcome Bad Policy

  Small Businesses Turn to Lending Startups as Tariff Costs Mount

  Trump Says Companies Should Report Earnings Every Six Months

  This Gold Rush Isn’t About Inflation — or Even Gold

  Complex Bets Slammed by Lehman’s Fall Return in $200 Billion Boom

  Morgan Stanley Shows Why Traders Are Winning Again

  S4 Capital Lowers Top-Line Forecast Again Due to Uncertainty, Tariffs

  They Went to Work for a Stock Exchange. Then the Scientology Ties Became Clear.

  Working Women Are Doing Great, Except for the Pay

  The Paradigm Shift No Investor Can Ignore

  How to Build a Million-Dollar Future for Your Kids

  Trump’s UK Visit Brings With It Bigger Meaning for U.S. Tech

  Nvidia Broke Antitrust Law, China Says, as Tensions With U.S. Mount

  TV Industry Bets AI Can Peel Ad Dollars Away From Big Tech

  Musk Answers Tesla’s Pay Proposal With $1 Billion Stock Buy

  The Capital of Electric Cars Is Turning to Electric Planes

  Shawn Fain, Who Pledged to Reform U.A.W., Faces Internal Dissent

  Whirlpool Tells U.S. Authorities Its Rivals Could Be Evading Tariffs

  Tariffs Are Uniting Two Whiskey Heavyweights: Scotch and Bourbon

  This Crackdown on Drug Ads Is Long Overdue

  The Boom in ‘Better for You’ Kid Snacks Is Worse for Parents

  ‘Infinity Castle’ Tops the Box Office, Revealing Changing Tastes

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• Morning News: September 12, 2025
  Eddy Elfenbein, September 12th, 2025 at 7:03 am

  China Warns Mexico Against Tariffs That Could Harm Chinese Goods

  Russia’s Central Bank Cuts Key Rate for Third Consecutive Meeting

  African Nations Tap IMF for $69 Billion With Pivot to Lender Seen Lasting

  A Guaranteed Income Won’t Stop People From Wanting to Work

  Georgia ICE Raid Netted Workers With Short-Term Business Visas

  America’s Friends Will Never Trust the US Again

  Charlie Kirk’s Killing Requires Trump to Soothe, Not Inflame

  Golf and Diplomacy: How Alexander Stubb Won a Seat at Trump’s Table

  The BLS Hallucinated a Million Jobs. The Fed Can’t Fix This

  Wall Street Braces for Quarter-End Liquidity Stress in Money Markets

  It Looks Like the ‘Vibecession’ Had It Right

  Firm Inflation, Soft Jobs Data Pull Fed in Opposing Directions

  Economists See Fed Rate Cut Next Week, at Least One More in 2025

  The Fed Is Not ‘The Apprentice’: Trump Can’t Just Fire Whomever He Wants

  Mortgage Rates Are at an 11-Month Low. Will That Save This Housing Market?

  CEOs, Here’s Your Excuse to Watch Football

  Labor Hoarding Looks Close to a Painful End

  Solar Makers Battered by Trump’s Policies Are Ready to Counterpunch

  Astroscale Sees Increase in Satellite Orders From UK, Japan

  Freight Startup Flexport Forecasts Profitability in 2025—With an Asterisk

  OpenAI Realignment to Give Nonprofit Over $100 Billion Stake

  AI Startup Founders Tout a Winning Formula—No Booze, No Sleep, No Fun

  How Much Do We Want AI to Remember About Us?

  CVC Strikes $1.5 Billion Deal for GoDaddy Rival Namecheap

  Tesla Pivots to Robots as Investors Question Sales and Soaring Valuation

  Health Care Costs Are Soaring. Blame Insurers, Drug Companies — and Your Employer

  CEO of Tylenol Maker Lobbied RFK Jr. Not to Cite Drug as Autism Cause in Report

  Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

  If Pepsi Wants to Win, It Has to Play Coke’s Game

  Is That Product Any Good, or Is It Just a Brand Halo?

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• Morning News: September 11, 2025
  Eddy Elfenbein, September 11th, 2025 at 7:02 am

  China’s $4.5 Trillion Flows Mark Potential New Era for the Global Economy

  China Mulls Helping Local Governments With $1 Trillion of Bills

  How the Last Two Weeks Shook the World Order

  In South Korea and Japan, Fury at U.S. Fuels Backlash Over Trade Deals

  Mexico to Impose Import Tariffs to Bolster Industry

  Mexico Tariffs Give Japan’s Carmakers an Edge Over Korean Rivals

  Indonesia’s New Finance Chief Vows $12 Billion Boost for Economy

  Philippines Central Bank Doesn’t Try to Move in Lockstep With Fed

  Turkey’s Central Bank Cuts Interest Rate for Second Straight Meeting

  Trump’s Economic Agenda Hinges on the Supreme Court’s Tariff Ruling

  Bond-Market Bets on Deep Fed Cuts at Risk From Hot CPI Data

  The Bizarre Sprint Ahead of Next Week’s Fed Meeting

  Wall Street’s Race for Stablecoin Talent Sends Pay Soaring

  Citi CEO Sees More Dealmaking With US Recession Unlikely

  US Dollar Bears Think Record Slide May Resume After Recent Pause

  Ray Dalio Suggests Gold as Shield for US Markets at Risk of Heart Attack

  Subprime Auto Lender Collapse Delivers Blow to Risky Debt Market

  The Hyundai Plant ICE Raid Proves Immigration Laws Need Fixing

  Oil Giant Saudi Arabia Is Emerging as a Solar Power

  The Oil Majors Fueling Heat Waves

  IEA Further Lifts Oil Supply View, Pointing to Larger Surplus Ahead

  The Myth of Peak Fossil-Fuel Demand Is Crumbling

  Rushing to Meet AI’s Energy Needs: Oil-Field Servicers

  Oracle, OpenAI Sign $300 Billion Cloud Deal

  Oracle’s Ellison Now Rivals Musk as World’s Richest Person. See How Their Wealth Compares.

  For Apple, SIM Cards Are the Next Headphone Jack

  Inside the Effort to Make EVs Roar Like Real Sports Cars

  How ‘Severance’ and ‘The Pitt’ Sum Up the TV Business

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• Morning News: September 10, 2025
  Eddy Elfenbein, September 10th, 2025 at 7:05 am

  Five Lessons From Putin’s Reckless Polish Drone Strike

  China’s Deflationary Woes Continue Unabated

  The Anti-Milei Emerges, Worsening Investor Jitters in Argentina

  Fitch Ratings Nudges Up Global Growth Outlook for 2025

  Employers Added Nearly a Million Fewer Jobs Than Believed, Data Shows

  Inflation Erased U.S. Income Gains Last Year

  U.S. Added 911,000 Fewer Jobs in the Year Ended in March

  There Are No “Forgotten Americans,” There’s Just Individual Error

  Hedge Fund Traders on a Bad Streak Are the Hottest Recruits Around

  Judge Blocks Trump From Removing Fed Governor Lisa Cook

  Will the Fed’s Independence Survive the Supreme Court?

  The Fed Official Who Called the Jobs Slowdown and Became a Candidate for Chair

  Republicans Race to Advance Trump’s Fed Pick Despite Ties to White House

  Trump Warns of Doom if Tariffs Are Ruled Illegal. Others See a Tax Cut.

  Red and Blue States’ Fight Is Reaching a Dangerous Level

  If Democrats Want to Rebrand, They Should Go JFK On Taxes

  How Lutnick Is Using Government Power to Pressure Private Companies

  The US Is Giving Away $35 Billion a Year to Cook the Planet

  A Big Stockpiling Question Hangs Over Singapore’s Oil Bash

  Trump Weighs Crackdown on Medicines From China

  PsiQuantum Raises $1 Billion, Says Its Computer Will Be Ready in Two Years

  Google Case Demonstrates That Judicial Humility Takes Courage

  Meta’s Elite AI Unit Sparks Tension With Old Guard

  Why Mark S. Zuckerberg Is Suing Facebook’s Parent Company, Meta

  Microsoft Cracks Down on Work Speech, Limits Remote Work

  Apple Pitches iPhone Air as the Future, But Pro Models Are Better Today

  Oracle Shares Jump 30% as Bullish Outlook Fuels AI Hopes

  Winklevosses Lean on MAGA Clout as Gemini’s Losses Mount Ahead of IPO

  DHL Adds to Healthcare Logistics Services With Acquisition

  Jaguar’s Rebrand Caused an Uproar. Its Boss Has No Plans to U-Turn.

  Cracker Barrel Cancels Restaurant-Revamp Plans After Backlash

  A Traditional Narcotic Gets New Life as an Energy Drink in Kenya

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• Morning News: September 9, 2025
  Eddy Elfenbein, September 9th, 2025 at 7:04 am

  China’s Pipeline Diplomacy Is a Nightmare for US Gas

  In ASEAN Nations, Coal Is a Physical Manifestation of Progress

  Trump Is Dismantling Climate Science at a Dangerous Pace

  Morgan Stanley’s Flip-Flop Shows Speed of Crisis Ensnaring Milei

  German Industrial Production Rebounds Despite Falling Exports

  French Industrial Output Retreated in July

  ECB Push to Simplify Bank Rules Prompts Fears of Capital Demands

  The Democrats Very Much Need a Reset On the Economy

  The Renewed Bid to End Quarterly Earnings Reports

  Ken Griffin Speaks Out Against Trump’s Attacks on the Fed

  Brendan Carr Channeling Trump’s Showman Instincts to Overhaul FCC

  White House Prepares Report Critical of Statistics Agency

  Staffing Crisis Unfolds at BLS With a Third of Leadership Jobs Now Vacant

  Trump Administration Halts I.R.S. Crackdown on Major Tax Shelters

  $37T In Debt Doesn’t Fuel Prosperity, It’s An Overwhelming Sign of It

  American Workers Feel Less Confident About Finding a Job

  Oil Field Job Cuts Pile Up in the US Shale Patch for Fear of a Glut

  The Supreme Court’s ICE Raids Ruling Is Shameful

  The ICE Raid on the Georgia Hyundai Plant Makes No Sense

  Big Tech Looks to Strengthen Frayed Relationship With Democrats Ahead of Midterms

  Nvidia Assails Critics as A.I. ‘Doomers’ in Fight Over China Chip Sales

  OpenAI Executives Rattled by Campaigns to Derail For-Profit Restructuring

  Two Leading European Tech Firms Strike an A.I. Partnership

  Whistle-Blower Sues Meta Over Claims of WhatsApp Security Flaws

  SpaceX’s $17 Billion Deal Plunges Musk Deeper Into Wireless Market

  Murdoch Family Settles Battle Over Trust

  Inside the Deal Ending the Murdoch Succession Fight

  Lachlan Murdoch, the Media Prince Who Would Be King

  Anglo American Agrees to Buy Teck in Deal Reshaping Mining

  New ‘Got Milk’ Campaign Tries to Build on a Dairy Milk Comeback

  Why 7-Eleven and Other Convenience Stores in Japan Are So Special

  Is America Ready for Japanese-Style 7-Elevens?

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• Morning News: September 8, 2025
  Eddy Elfenbein, September 8th, 2025 at 7:03 am

  OPEC+ to Boost Oil Output Further Despite Supply Glut Concerns

  EU Weighs New Sanctions on Russia to Hit Banks and Oil Trade

  Billionaires Who Amassed Gold Fortunes in Dubai Face Slowdown

  China’s Export Momentum Slows, Missing Expectations

  Chinese Firms Win Bid to Build Road Used for Cameroon-Chad Trade

  Japan’s Economy Continues to Grow Amid Tariff Woes, Revised Data Confirms

  German Industrial Production Rebounds Despite Falling Exports

  Why France’s Financial Woes Are Pushing Its Government to the Brink

  Argentina Bonds Slump on Milei’s Defeat in Buenos Aires Vote

  ECB Expected to Stay on Hold, Give Little Guidance on Future Rate Path

  India’s Investors, Defying Tariffs, Keep Pouring Money Into Stocks

  Global Markets Rise Slightly as Fed Rate-Cut Expectations Hiked

  Another US Jobs Markdown Sets Stage for Fed Cut, BLS Criticism

  Bessent Battles Trump Demands, Market Jitters in Fed Chair Hunt

  Bessent’s Fed Critique Misses the Big Picture

  The Fed As A Source Of Economic Growth Is A Monstrous Delusion

  PNC Financial to Buy Smaller Rival FirstBank in $4.1 Billion Deal

  The Truth About Private Equity’s Historical Returns

  Your Paycheck in Stablecoins? That’s Local Banks’ Worst Nightmare

  The Spectacular Comeback Tour of a Crypto Convict

  US Raid on Hyundai Plant Leaves Korean Companies Reeling

  What the White House Doesn’t Get About ‘War’

  The Regulator Who Thinks He Can Win Trump’s Battle With the Media

  Healthcare Jobs Are a Rare Bright Spot in the Stalling Labor Market

  $1 Trillion in American Wages Has Gone Up in Wildfire Smoke

  Detroit’s Carmakers to Save Billions in Trump Emissions Rollback

  Apple’s Plan B for AI Is Actually Pretty Great

  SpaceX Agrees to Buy Wireless Airwaves in $17 Billion Deal

  BMW and Mercedes Take On Tesla With New Luxury SUVs

  PepsiCo CEO’s Tall Order: Win Over Investor Calling for Strategy Reset

  Amazon’s New Curbs on Sharing Free Shipping Are Set to Hit Millions

  Sotheby’s Strikes Alliance With Ascendant Art Fair

  Unrivaled Basketball League Hits $340 Million Valuation

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