Morning News: May 7, 2026

Adnoc’s LNG Tankers Go Dark to Get Gas Shipments Through Hormuz

Oil Prices Slide on Hopes for Renewed Peace Talks

War and Energy Shortages Boost China’s Influence in Asia

Europe Braces for a Fresh Cycle of Chinese Competition

US-China Summit May Be a Nothingburger. Good.

China Asks Banks to Pause New Loans to US-Sanctioned Refiner

Frackers Are Finally Ready to Drill. Trump Won’t See a Return of the Go-Go Days.

ECB’s Next Move Should Be Guided by the Data, Not the Date, Villeroy Says

Fed’s Collins Favored Changing FOMC Statement With Dissenters

Citi Shares Decline as Return Target Falls Short of Expectations

Wall Street Poised for Bonus Increases in ‘Year of the Bank’

Private Credit’s Problem Isn’t the Media

Kalshi, the Prediction Market, Is Now Valued at $22 Billion

Credit Karma Opens Site for Americans With No Credit History

The Billionaires Behind the Most Expensive Midterm Elections in History

A Victory for Capitalism and Common Sense In California

Corporate Layoffs Are Down 10% This Year, but the AI Reckoning Has Come For Tech

How Trump Has Made the Doctor Shortage Worse

Inconsistency From the FDA Has Become a Huge Tax

Selling Pot Is a Tough Business, but One California Company Is Beating the Odds

Catalyst Pharma to Be Acquired by Angelini Pharma in $4.1 Billion Deal

After Stumbles, Technology Meant for Self-Driving Cars Finds a Second Act

Musk’s AI Empire Is Unraveling — the Trial Is Just the Beginning

AI’s Potential Is a Signal That This Isn’t Your Dad’s Internet Mania

Anthropic’s Capacity Pinch Cracks the Door for OpenAI

The Theatrical Release of “Narnia” Restates the Netflix Case

The Iran War Is Crushing Whirlpool’s Profit—and Higher Prices Are Coming

Hertz Reports Worse-Than-Expected Loss in Volatile Start to Year

Kraft Heinz CEO Pushes Value: ‘Consumers Are Literally Running Out of Money’

Fast-Food Sales Rise Despite Higher Gas Prices

McDonald’s Value Machine Is Generating Higher Sales

Raising Cane’s Grew From an Idea a College Professor Hated

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Posted by Eddy Elfenbein on May 7th, 2026 at 7:02 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.