Author Archive

• Morning News: July 13, 2026
  Eddy Elfenbein, July 13th, 2026 at 8:44 am

  How Putin Turned Japan Into a Den of Spies

  Wall Street Can’t Ignore the $3 Trillion Saudi-UAE Rift

  UAE Tells OPEC Its Oil Production Surged by 80% Last Month

  What a Europe-Led NATO Would Look Like

  Heat Wave Dries Up German Rhine Chokepoint to Strain Fuel Supply

  Oil Rises After Weekend of Back-and-Forth Strikes by U.S. and Iran

  Frequent Oil Draws From U.S. Strategic Reserve Push Old System to Breaking Point

  War Leaves Economy With More Stubborn Inflation, Economists Project

  Treasury Two-Year Yields Rise to Highest Since 2025 as Oil Jumps

  Warsh’s First Big Call: Whether to Undo Last Year’s Cuts

  The Thoroughly Preposterous Notion Of So-Called “Fed Independence”

  Wall Street to Warsh: Skip the Guidance, But Tell Us What You Think About the Economy

  Wall Street Banks Ramp Up Digital Assistants in Bid to Win Productivity Race

  Trump Invested Crypto Gains in Stocks and Bonds, Filings Show

  Why Australia’s Superannuation System Has Caught Trump’s Attention

  Babies Are the New Investor Class

  CLO Fund’s 50% Tumble Fuels Power Struggle That Spills Into Open

  Credit Card Holders Are Using ‘Friendly Fraud’ to Get Back at Retailers

  Dragging the Constitution Into Every Political Fight Will Kill It

  19 Questions the Attorney General Needs to Answer

  Higher Ed Responds to Market Incentives For the Better

  The Next Labor Crisis May Be Too Few Workers. Could AI Help Pick Up the Slack?

  Self-Checkout Was Never About Machines Replacing Cashiers

  Peter Navarro Put’s a Bull’s Eye on Enterprising Americans

  Economists Warn of A.I. Threat

  The Cruel Economics of the 19-Day Anthropic Ban

  A New Foe Has Emerged for Data Centers: Farmers

  Meta’s Louisiana Data Center to Surpass $250 Billion Price Tag

  Intel Invests €5 Billion in Irish Hub to Keep Up in AI Chip Race

  SK Hynix Shares Plunge Most on Record in Deepening Korea Selloff

  Europe Takes Step Toward Possible Social Media Ban for Children

  States Prepare Lawsuit to Block Paramount’s Merger With Warner Bros.

  ‘Michael’ Crosses $1 Billion at the Box Office as Lionsgate Roars Back

  ‘Moana’ Falters at the Box Office, Casting Doubt on Disney’s Formula

  Nippon Paint Makes $8.6 Billion Bid for AkzoNobel’s Decorative-Paints Unit

  Shein Targets Over $40 Billion Valuation After China Nod for IPO

  Forget France: China Is the New Foie Gras Champion

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• Morning News: July 10, 2026
  Eddy Elfenbein, July 10th, 2026 at 7:05 am

  Oil Product Markets Are the Real Hormuz Pain Point

  Oil Prices Wobble as a Week of Hostilities Derails Shipping in Gulf

  A Big Winner From the Iran War: Africa’s Richest Man

  On the Iran War, Latin America’s Economies Dodged a Bullet

  NATO Should Give Trump a 2-Year Timeout

  When Billion-Dollar Non-Profits Stop Looking Like Charities

  Is Buying a Home Still the Way to Wealth? Some Young Americans Aren’t Sure

  The Great American Fun Shortage of 2026

  Not Repeating Past Mistakes Is An Easy Path to Growth

  Rejoice, the Four-Day Workweek Is Already Here

  Fed Names VC Marc Andreessen, Ex-Walmart CEO Doug McMillon to Warsh’s Task Forces

  The Wall Street Firm at the Center of Trump’s Trading Spree

  Wall St. Sets Limits on Prediction Market Trading

  Traders Hedge for FX Volatility Return as Fed Uncertainty Builds

  Carry Trades Face Best Conditions Since 2000, Goldman Says

  JPMorgan Builds AI Agents That Beat 60/40 Portfolio in Backtests

  Meta Is Ushering In the Era of the K-Shaped Company

  Meta Told to Make Changes to Instagram and Facebook in Europe

  AI Is Driving a Wave of Business Formations in the US

  AI Fuels Startup Boom Across the US

  SK Hynix Raises $26.5 Billion in Biggest Foreign Debut in US

  How Once-Struggling SK Hynix Became a Trillion-Dollar Company

  China Omits Job Goal for First Time in Decades as AI Spreads

  ‘Ziplink Is Now Froggle’: The Story Behind the Fake AI Ads That Went Viral

  Novogratz Morphs Galaxy Into AI Landlord, One Gigawatt at a Time

  Apollo Approaches Record Spend With EasyJet and Bayer Deals

  China Successfully Launches, Retrieves Reusable Rocket Booster

  Boeing Unveils New 737 Line as Industry Drives to Boost Output

  Airlines and Hyperscalers Clamor for Turbines. Only a Few Companies Make the Parts

  The Return to Flying Faster Than Sound Will Start Small

  Delta Beats Estimates as Travel Demand Withstands Fuel Costs

  BMW Books Drop in Sales on Weak China Performance

  Volkswagen to Slash Half Its Models as Sales Fall

  John Deere Must Let Owners Repair Farm Equipment, Settlement Says

  Hotel Workers Hoped the World Cup Would Boost Their Hours. It Didn’t.

  Barcelona’s New Message: ‘Not One Tourist More.’

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• Morning News: July 9, 2026
  Eddy Elfenbein, July 9th, 2026 at 7:08 am

  Oil Prices Remain Elevated Amid Slowdown in Shipping Traffic in the Gulf

  Oman Tells UN It’s Against Imposing Transit Fees in Hormuz

  How the Future of Hormuz Is Testing Oman’s Balancing Act

  The Memorandum of Misunderstanding’s Margin of Error

  If the US Keeps Messing With This Spy Agency, It’ll Pay a High Price

  Governments Must Fix Their Debt Messes Before It’s Too Late

  Donald Trump and Bernie Sanders Agree: The US Should Have a Sovereign Wealth Fund

  Cracks in the Peace-Trade Rally

  US Relies More on Foreign Stock Than Debt Flows, a Dollar Risk, Deutsche Bank Warns

  Actually, the American Economy Isn’t in Decline

  Warsh to Get Some Inflation Relief From Upcoming PCE Makeover

  Citigroup Expands Cross-Border Instant Payments to Partner Banks

  Kalshi in Talks with Regulators to Expand Never-Expiring Derivatives to New Areas

  ISS Is Doing Exactly What It Promised Clients It Would Not Do

  Eric Trump’s Bitcoin Bet Erases $600 Million From Family Fortune

  China Climate Plan Pushes Renewables in Factories, Data Centers

  How Trump and AI Data Centers Are Boosting Nuclear Power

  ‘Hysteria’ Grips San Francisco’s Housing Market as A.I. Wealth Pours In

  Reporters’ Social Media Challenge Lands With a Thud

  Winning Trade of Buying Chips, Selling Software Is Falling Apart

  SK Hynix US Offering Is More Than Seven Times Oversubscribed

  A Startup That Builds AI Agents Used One to Raise $100 Million

  Micron’s Massive Profits Are a Guarantee of Trouble

  As Flying Taxis Approach, Cities Are Making Room

  Starbucks Taps AI to Cut Reliance on Microsoft, IBM Software

  The $80 Billion Debt Cloud Hanging Over David Ellison’s Warner Deal

  Lawmakers Target the Power of Health Insurance Giants

  Tobacco Stocks Are Coming in From the Cold

  Buc-ee’s Is on a Rampage and No Mascot Is Safe

  Why Everything Is Tiny: Maxed-Out US Shoppers Embrace ‘Mini Effect’

  PepsiCo Says Tightening Shopper Budgets Hit US Snack Sales

  CoverGirl Stops Chasing Gen Z to Focus on Middle-Aged Women

  At the World Cup, Nike and Adidas Duel Over the Future of Soccer

  Can a Workout Be a Sport?

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• Morning News: July 8, 2026
  Eddy Elfenbein, July 8th, 2026 at 7:07 am

  Trump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’

  Oil Prices Jump and Stocks Drop After Trump Says Iran Deal Is ‘Over’

  Oil Wildcatters Seek a Piece of Venezuela Despite Quakes

  NATO Weighs Scrapping 2027 Summit to Avoid Tensions With Trump

  Trump Renews Call to End Trade With ‘Terrible Partner’ Spain

  Trump Promised a Foreign Investment Boom. It’s Getting Harder to Deliver.

  US Trade Deficit Widens in May to Biggest in More Than a Year

  ‘How to Win a Trade War’ Review: The Times of Tariffs

  China Extends US Soybean Buying Spree as Trade Thaw Continues

  The Supreme Court’s Originalism Is Dead, Dead, Dead

  Signing Paperwork Won’t Stop Government Leaks

  Will Quantum Crack Crypto? Why Bitcoin Owners Worry

  Trump-Backed Company Behind Family Crypto Wealth in Talks to Sell Core Business

  “Experts” Quite Simply Don’t Hold a Candle To Markets

  UniCredit Nears Control of Commerzbank After Takeover Push

  Citi’s Tokenized Shares Test Whether Transparency Remains the Price of Liquidity

  Leveraged Stock ETFs Are as Stable as a Row of Dominoes

  Pricey Credit Markets Fuel Rise of Funds That Can Buy Anything

  When Uncle Sam Turns Venture Capitalist, What Could Go Wrong?

  Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom Levels

  Prediction Markets Can Work Without Money on the Line

  Clash of Florida Titans Pits Powerful Tribe Against Homebuilder Lennar

  Low Birth Rate Risks Creating US Housing Glut Over Coming Decade

  Global M&A Surged This Year With Massive AI Deals, Mergermarket Says

  Anthropic and OpenAI Face a New Threat from China

  Data Centers Aren’t Crowding Out Investment, They’re Expanding It

  Apple to Spend $30 Billion on U.S.-Made Chips From Broadcom

  SpaceX Analysts Are From Mars, Investors Are From Venus

  FanDuel Says US World Cup Game Brought Record Bettors for Soccer

  How an Italian Bike-Parts Pioneer Fell Behind at the Tour de France

  White House Pressures Top U.S. Grocers on Beef Prices

  Germans Don’t Love Budweiser. It Won’t Take No for an Answer.

  Why Smucker’s $5 Billion Bet on the Twinkie Flopped

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• CWS Market Review – July 7, 2026
  Eddy Elfenbein, July 7th, 2026 at 5:44 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.”)

  We’re at an odd moment for the financial markets. Not much is going on right now, but soon, a lot will be going on. Last week, we got the June jobs report, and there’s still some fallout after it because the report was not very encouraging.

  Apparently, the “no-hire, no fire” economy appears to be still at work. One of the odd aspects of this economy is that the unemployment rate is only at 4.2%. That’s quite low. In normal times, that would be celebrated. Not now.

  Last month, the U.S. economy created half the number of jobs expected. The jobs report was probably enough for the Fed to delay, but not cancel, its plans for an interest-rate hike.

  We’ll get the minutes of the last Fed meeting tomorrow. This was the first one under the stewardship of new Fed chairman Kevin Warsh. He’s already streamlined the Fed’s policy statements.

  Where are we as far as the stock market goes? For the last six months, the stock market has been mostly flat except for two short and brief selloffs. There could be a third waiting in the wings. As we know, the market loves to “retest” levels of previous support. So far, the bulls have been willing to push back on any drop, but I wonder how long that can last. The headlines may soon change.

  

  We won’t get the CPI report until next week, but I imagine that the falling price for oil will also help push back its plans for a rate hike. Not that long ago, the price for oil was creeping up to $120 per barrel. Lately, it’s been less than $75 per barrel.

  The S&P 500 market pulled back again today but it’s still above its 50-day moving average, and it’s not far from another all-time high. Yesterday, the Dow closed at a new all-time high. The two indexes have diverged in recent weeks. Since the middle of May, the Dow is up 6.5% while the S&P 500 is up just 0.8%.

  Since the start of June, the Nasdaq Composite had performed worse than both the Dow and the S&P 500. This is probably due to the market having taken a more defensive posture. Value stocks have also outperformed since the start of June. It’s been a long time since value stocks were hot.

  Value had a nice run in 2022. Outside that, value has had a rough time of it over the last 20 years.

  Chip stocks have performed especially poorly in the last few days. Intel (INTC) fell nearly 10% today. The ETF to follow for this sector is the aptly named VanEck Semiconductor ETF (SMH). Don’t feel too bad about the semiconductor stocks. In the last 15 months, SMH has more than tripled.

  In today’s trading, utilities and REITs both did better than the overall market. The desire for higher yielding stocks dovetails with the Fed’s desire to hold off raising interest rates. It’s hard to make a case that we need to raise interest rates as jobs are growing and oil prices are falling. The futures market currently sees one rate hike coming by Halloween.

  The Best-Performing Stock of All-Time

  I recently got Meb Faber’s new book, Investing in America: The Rise of a 250-Year Bull Market. I love market history, so it’s no secret that I really enjoyed Meb’s book. I highly recommend it. Here’s a brief snippet I thought you might enjoy on the best-performing stock of all time.

  What is the best-performing stock of all time?

  Hank Bessembinder, who authored the famous academic paper, “Do stocks outperform treasury bills?” found the answer in his paper “Which US stocks generated the highest long-term returns?”

  Eighty stocks had returns of over 500,000% in their lifetime, but only one had a total percentage gain of 265,528,901%. If you had invested $1,000 in the stock in 1925, it would be worth over $25 billion by the end of 2023. What was it?

  Some may guess Berkshire Hathaway (BRK-B), but that was only a 792,053% return. Microsoft (MSFT) offered up a paltry 622,498%.

  No, the actual winner was Altria (MO)!

  Most people probably assume that the best performing stock returned something like 30% or 50% per year. Only six stocks out of the top 100 had returns of over 20% per year. In fact, most of the best performing stocks had returns in the mid-teens. That’s not shabby, of course, and it’s better than the broad index, but not like the eye-popping returns you seeing being advertised on Instagram.

  The key is just that they did it for a very long time. The challenge with holding these winners is the path. If you held one of the best performing stocks over the past years, chances are it had a 70% or 80% or even 90% draw down. Could you sit through it?

  Here’s how Altria has done since 1980. See that flat red line? That’s actually a 7,000% gain for the S&P 500. Only compared with Altria does it look like nothing.

  

  I remember reading once about a stock (I think it was EMC) that a man owned. He sold his position without realizing that the stock had split. As a result, he still had a few thousand shares left. The stock took off. It gained something like 75,000% in the 1990s. He was informed that he had acquired a nice fortune in EMC.

  (Update: I found a link to the story. I wasn’t dreaming it.)

  The obvious question is, was he better off not knowing? I think many people would have sold out their position long before. Investing is one of the few pursuits where not doing anything can be a big advantage.

  That’s all for now. Short issue this week, but that won’t last. Next Tuesday, July 14, we’ll get the CPI report for June. It will also be the unofficial kick off for Q2 earnings season. I’ll have more for you in the next issue of CWS Market Review.

  – Eddy

• Morning News: July 7, 2026
  Eddy Elfenbein, July 7th, 2026 at 7:08 am

  China’s ICBM Tests Point to New Normal Rattling the Pacific

  Iranian Strikes on Ships Test Cease-Fire and Threaten Energy Flows in Gulf

  The Iran War Has Oil-Rich Alaska Freaked Out About $9 Gas

  Jet-Fuel Prices Have Plunged but Aren’t Resulting in Much Lower Fares

  Foreign Investment Rises, But Developing Countries Squeezed By AI Focus, Says UN

  Abu Dhabi Ruler’s Family Office Is a Global Dealmaking Force

  China’s PBOC Buys Most Gold Since 2023 as Bullion Swings

  Bank of England Sees Growing Risks to Financial Stability from AI

  The Fed’s Independence Is Unfinished Business

  Private Equity for Everyone Is Getting Out of Hand

  In the Federal Tax Debate, the Free-Market Side Is Being Played

  You Can’t ‘Un-Break’ a Company, So Don’t Enforce Speedy Antitrust

  Democratic Lawmakers Probe Lutnick’s Possible Ties to Cantor Fitzgerald Deal

  Trump’s $40 Billion Travel Slump

  Your Investing Expectations Are More Than Double the Reality. Here Is the Tough Truth

  To Keep the Regulators at Bay, We Need Market-Driven Investment Trading Insurance

  Trading Surge, Helped by Spacex IPO, Seen Lifting Wall St Banks’ Second-Quarter Earnings

  Why Index Funds Haven’t Boosted SpaceX

  Zuckerberg and Musk’s AI Failure Club Has Its Perks

  AI Legal Startup Norm Valued at $1.2 Billion in Funding Round

  AI Won’t Bring Back Era of Rapid Growth, Says Nobel Prize Winner

  Which Companies Actually Use AI? A New Index Has Answers

  Chinese Firms Leave Nvidia for Local AI Suppliers

  Chinese AI Startup DeepSeek Developing Own AI Chip

  Samsung Made More Profit Last Quarter Than the Last Two Years Combined

  Finland Shows the Trust Barrier Facing Chinese EV Makers in the West

  Toyota Investing $3.6 Billion In Texas Plant, Moving Most Tacoma Pickup Production from Mexico

  Geothermal Startup Raises $144 Million to Drill Superhot Rocks

  It’s Alarmingly Easy to Get Obesity Drugs Online

  Almost $1 Billion Later, the US Still Can’t Make a Medical Glove

  Walmart Lowers Prices on Thousands of Items, Including Beef and Coca-Cola

  Why Are Berries Everywhere, in Every Season? Driscoll’s

  Michaels Crafts an Unlikely Comeback Under Apollo

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• Morning News: July 6, 2026
  Eddy Elfenbein, July 6th, 2026 at 7:09 am

  Forcit Lands Naval Mine Deal as Baltic Sea Nations Boost Defense

  The $2 Trillion Race for Control of Future Battlefields

  Trump’s War Means Higher Global Interest Rates for Years to Come

  OPEC, Allies Hike Output Again as Hormuz Traffic Starts Recovering

  Oil Prices Are Falling, but OPEC Plus Pledges to Pump More

  Japan’s Love of Plastic Is Being Tested by Supply Constraints

  China’s Biggest ETF Is Now a Gold Fund as National Team Retreats

  The Chinese Company That Could Start a Trade War With Europe

  ‘How to Win a Trade War’ Review: The Times of Tariffs

  China Is Devastating the Last Stronghold of German Industry

  Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin

  The Founders Are Why America Is Rich. That Legacy Is at Risk.

  Young Americans Are Getting Prenups, Even If They Aren’t Rich

  Wikipedia Is Battling for the Soul of the Internet

  Trump’s Meddling Threatens Warsh’s Fed Leadership

  Hedge Funds Dumped Chip Stocks for a Fourth Week as AI Shares Sold Off

  The Investors Scrambling to Keep SpaceX – and Elon Musk – Out of Their Portfolios

  US Investors Are Finally Getting a Clear Shot at SK Hynix

  Don’t Call 67 Million Americans a Fringe

  Paper Checks In the Mail Have Dangerously Outlived Their Usefulness

  Two Banks Agreed to Merge. They Can’t Agree on How to Make Chili.

  Personalized Pricing Is Pro-Business and Pro-Consumer

  The Rise of Racetrack Country Clubs: ‘Racing Is Golf on Steroids’

  Tech Billionaire Vinod Khosla Wants to Pay More Taxes. He Explained to Us Why.

  Are the ‘MANGOS’ Stocks Already Turning Soft?

  The Next AI Risk Isn’t Technology, It’s Politics

  Social Media Age Bans Aren’t Perfect. So What?

  AI Promises to Transform Robotics, Just Not Yet

  Ondas to Buy Autonomous Aircraft Maker DZYNE for $875.8 Million

  A Trucking Startup Aims to Challenge Tesla. Now, Paychecks Are Missing—and So Is a Truck

  France’s Thales to Take Stake in Maritime Drone Maker Exail Ahead of Takeover

  The Porsche Billionaires Can Stop VW From Crashing

  Sony’s All-Digital PlayStation Strategy Doesn’t Sit Well With Gamers

  Comcast Adds Heft With Sky’s Deal for British Broadcaster ITV

  Liquor Stocks Are Priced for a Big Tobacco Moment

  Tobacco Companies Are Cashing In on Zyn’s Unstoppable Popularity

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• Morning News: July 3, 2026
  Eddy Elfenbein, July 3rd, 2026 at 7:03 am

  The Race to Rescue 8,000 Sailors Still Stranded Behind Hormuz

  Why One Global Shipping Choke Point Isn’t a Blueprint for Another

  Zimbabwe Lab Sees Regional Gold Hunt Accelerate as Prices Soar

  AI Hopes and Fears Dominate Global Central Bank Meet

  Lagarde Won’t Exclude Early ECB Exit to Enter French Politics

  US Democracy Wasn’t Inevitable. Neither Is 250 More Years

  The Magical Realism of the American Dream

  Americans Aren’t That Divided. Congress Shouldn’t Be, Either

  USA: The 250-Year-Old Start-Up. Buy, Sell, or Hold?

  How the AI Boom Is Carving a K-Shape Into Asian Economies

  Brazil Freezes $2 Billion, Pursues Arrests After US Sanctions

  Trump Implicitly Acknowledges Tariffs Can’t Replace the Income Tax

  Weak Jobs Report Prompts Wall Street to Change Strategy

  Trump Allies Double Down on Efforts to Reshape Federal Reserve

  US Equities Are Even Pricier Than You Thought

  The Hottest Stock Markets Lead to the Biggest Losses

  With Investing, Cheaper Is Not Necessarily Safer

  The AI Trade Is Losing One of Its Key Signals

  His $7 Billion Tanker Bet Raised Eyebrows. He Couldn’t Have Timed It Better

  ‘Trump Accounts’ for Youth Will Accept Stock Donations, US Officials Say

  Egg Producers to Pay $3.3 Million to Settle Federal Price-Fixing Lawsuit

  Housing, Like Oil, Is Not As Simple As Pundits Want It To Be

  Wealth Has To Be Created Before It’s Ever Redistributed

  Russia’s High-Stakes Bid to Chase SpaceX Stumbles Out of the Gate

  How Bezos Learned to Love Trump—and Win More Contracts for Blue Origin

  Energy Dept. Orders Data Centers to Tap Backup Power

  At 17, She Sued Meta and Google, and Won. Now She’s Ready to Tell Her Story

  Big Tech Sends Workers Into the Field to Help Customers Use AI

  The Billion-Dollar Peptide Craze Could Get Even Bigger

  Summer Driving Season Is Here, and More Americans Than Ever Are Hitting the Road

  Will Late-Night TV Work on YouTube?

  The ‘Supergirl’ Flop Is Being Misread

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• Morning News: July 2, 2026
  Eddy Elfenbein, July 2nd, 2026 at 7:04 am

  Oil Extends Slide as More Barrels Flow Through Strait of Hormuz

  July Heat Wave Threat to Keep European Power Prices Elevated

  Europe’s Crisis Is Energy Poverty, Not a Heat Wave

  EU Struggles to Find Consensus to Confront China on Trade

  What Germany’s Economic Overhaul Means for Its Economy

  China’s Private Refiners Snap Up Middle East Oil as Prices Slide

  The Fed Can’t Overwhelm Congress’s Excessive Tax Powers

  Warren Urges Fed’s Waller To Halt Work On Reserve Bank Proposal

  A.I. Is Reshaping the Economy. Good Luck Measuring How.

  Why the Jobs Market Has Wall Street and Washington on Edge

  US Payrolls Undershoot Estimates, Jobless Rate Dips

  Hiring Slowed in June, Unemployment Rate Ticked Down

  A Regressive, Hidden Tax Americans Will Soon Know Well

  Don’t Worry, The U.S. Is Not Going the Way of Socialism

  Minneapolis Offers a Blueprint for How to Beat MAGA

  Trump Is Laughing All the Way to the Crypto Bank

  SEC Probes Alleged Insider Trades That Cost Susquehanna

  ‘Jealous’ Dimon Is Pushing JPMorgan to Catch Europe’s Fintechs

  SpaceX Analyst Debut Set to Test $2.2 Trillion Valuation

  One Leveraged ETF Is Reshaping Trading in World’s Top AI Memory Stock

  Meta Looks to Make Money From Its AI Spending Binge

  OpenAI Proposes Giving the US Government a 5% Stake, FT Says

  Ford Mistook AI for a Quick Fix. It’s Not Alone

  Porsche and Other Luxury Car Icons Are Losing Appeal in China

  Jaguar’s Electric Future: Curves Are Out, and Blunt Is In

  The Fun Shortage Is Real, and It’s Making America Miserable

  The Future of Sport on an Overheating Planet

  Americans Are Paying Record Prices for Steak. Here’s Why Demand Isn’t Cracking

  Consumers Shun Mid-Sized Packs Amid Price Squeeze, Nestle Says

  Inside the Multimillion Dollar Saga to Make a Naturally Blue M&M

  Big Brewers Are Making an Outsize Bet on Tiny Cans of Beer

  Chanel Is Buying the World’s Oldest Shirt Maker

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• Morning News: July 1, 2026
  Eddy Elfenbein, July 1st, 2026 at 7:02 am

  Iran War Delivers Massive Swings in Chinese Petrochemicals Trade

  Trump’s White House Takes Aim at EU Emissions Law

  Stephen Miran Makes a Case for Tariffs That Is Flat Out Wrong

  What to Know About the State of North American Trade Talks

  Why the US-Mexico-Canada Trade Deal Is in Jeopardy

  Trump Souring on USMCA Triggers Review of $2 Trillion Trade Deal

  Trump Reports at Least $1.4 Billion in 2025 Crypto Earnings

  In a Warning Sign, Analysis Shows Publicly Traded Credit Funds Are Unprofitable

  Where to Invest $100,000 Right Now

  In Elon Musk’s Success We Can See the Absurdity of the Attacks On Alan Greenspan

  Citi CEO Brings Long-Troubled Bank Into Trump’s Good Graces

  Judges Strike Down Trump Rule on Loan Forgiveness for Public Servants

  The Wall Street Women Who Traded Finance Careers for Influencer Success

  2026 Layoffs Tracker: Job Cuts Dropped 53% in June

  Inside the Egg Price-Fixing Scandal That Spiked American Grocery Bills

  USDA Plans to Pay Smaller Meatpackers to Keep Slaughtering Cattle

  Mega-Deals Fuel Record M&A as Boards Dream Big on Takeovers

  The End of SpaceX’s FOMO Trade Exposes a Deeper Problem

  US Lifts Export Restrictions on Anthropic’s Fable 5 AI Model

  Anthropic Won a Reprieve From Washington. Is It Enough?

  As Companies Race for Cheaper A.I. Options, This Start-Up Pitches a Solution

  A School Where AI Is an Asset to Education, Not a Threat

  ByteDance Picks Brazil for Its Largest Data Center Outside China

  Small-Engine Makers Gain Big Momentum in Data Centers

  Taiwan Detains Super Micro Workers in China Chip Smuggling Probe

  More Americans Are Installing Home Batteries. Here’s Why

  The South Korean Mine at the Center of America’s Tungsten Push

  Bezos Backed $25,000 EV That Should Worry Detroit

  How Western Automakers Are Losing Their Grip on the Chinese Market

  Google Told to Pay Klarna Nearly $2 Billion in Shopping Spat

  Kroger to Buy Food & Pharmacy Retailer Giant Eagle for $1.65 Billion

  General Mills Swings to Loss, Works to Win Back ‘Challenging’ Consumers

  Failed World Cup Bet Sinks Korean Media Giant’s Disney Dream

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