Author Archive

• Morning News: December 8, 2025
  Eddy Elfenbein, December 8th, 2025 at 7:06 am

  China’s Trade Surplus Climbs Past $1 Trillion for First Time

  China’s Growth Is Coming at the Rest of the World’s Expense

  China’s Weak Currency Is Powering Its Exports and Drawing Criticism

  The Many Faces of Abu Dhabi’s Trillions

  Your Holiday Gift Contains a Lump of Tariffs

  John Lott Is Brilliant On Guns, Not So Much On Tariffs

  The Federal Reserve System Returns To Profitability

  Powell’s Vote-Gathering Challenge Shows Test for Next Fed Chair

  Your Money Could Soon Be Tied Up in This $300 Billion Crypto Market

  How a Cryptocurrency Helps Criminals Launder Money and Evade Sanctions

  Wall Street Hedged Big Crypto Bet in $500 Million Ripple Deal

  The Nasdaq 100: Booms & Busts

  Middlemen are Swallowing the Economy

  America Gets Retirement Wrong. Can Vanguard Fix That?

  JPMorgan Taps Todd Combs to Lead Security Investments Group

  Berkshire Hathaway Shuffles Top Ranks in Runup to Warren Buffett’s Retirement

  Research Veteran Yardeni Ends 15-Year Tech Bet With Underweight Mag 7 Call

  Coreweave Shares Fall on $2 Billion Convertible Notes Offering

  States Are Raking In Billions From Slot Machines on Your Phone

  Using SNAP as Leverage Was a Bad Idea the First Time

  Trump to Unveil $12 Billion in Long-Awaited Farm Aid Program

  The Year of America’s Cranky Consumer

  Shopify President Says Work-Life Balance Is A ‘Misnomer’ — And That We Should Embrace Work-Life ‘Harmony’

  The Accounting Uproar Over How Fast an AI Chip Depreciates

  Old Teslas Are Falling Apart

  IBM Nears Roughly $11 Billion Deal for Confluent

  Zuckerberg Isn’t Giving Up on His Metaverse Dream

  Trump Warns Netflix-Warner Deal May Pose Antitrust ‘Problem’

  Everybody in Hollywood Secretly Hates Netflix. So Now What?

  Netflix Has a Huge Opportunity With the DC Studios Superheroes

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• Morning News: December 5, 2025
  Eddy Elfenbein, December 5th, 2025 at 7:03 am

  Why Taiwan Is At the Center of the China-Japan Spat

  The Ultimate Legal Fight Over Who Decides the Rules in America

  Even If Fed Cuts Rates Again, US Economy May Not Get Much of a Boost

  The Moment for Gold and Alternative Bullion Investments Has Arrived

  Private Credit Woes Should Put Banks on Notice

  The Games Wall Street Plays Have Taught Them How to Win

  When Finance Needed More Math, It Turned to the Card Players

  Netflix to Buy Warner Bros. After Split for $72 Billion

  Why the Battle for Warner Bros. Discovery May Not Be Over Yet

  Wall Street Races to Cut Its Risk From AI’s Borrowing Binge

  Nvidia Has a Cash Problem — Too Much of It

  Jensen Huang Will Do For Affordability What Zohran Mamdani Can’t

  Enthusiasm for OpenAI’s Sora Fades After Initial Creative Burst

  Will Chatbots Break Our Brains—And Our Hearts?

  Why We Can’t Quit Excel

  Musk’s X Fined as EU Escalates Free-Speech Clash With US

  Meta Is Failing Kids. Lawmakers Are Failing Them, Too.

  Amazon Eyes Expanding Delivery Network After Talks with USPS Stall

  Should Walmart Really Be Trading Like a Tech Company?

  Two Types of Shoppers Are Powering Holiday Spending: The Wealthy and Deal-Hunters

  Equinor Makes North Sea Gas Discoveries

  Once a Gamble in the Desert, Electric Grid Batteries Are Everywhere

  Canada Declares Stellantis in Default for Moving Jeep Production to U.S.

  A Dress Code Won’t Make Flyers Behave, But a $44,000 Fine Will

  Southwest Cuts Profit Goal as Shutdown Upends Flight Travel

  India’s Biggest Airline Falls Into Chaos, Canceling About 1,000 Flights

  Faulty Abbott Glucose Monitor Sensors May Be Tied to 7 Deaths, F.D.A. Says

  MAGA Billionaires Can’t Get Enough Testosterone

  Trump’s World Cup Welcome Is Undercut by His Migrant Crackdown

  Sportswear Boss Offers His £3billion Firm to Anyone Who Can Prove Earth Is Flat

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• Morning News: December 4, 2025
  Eddy Elfenbein, December 4th, 2025 at 7:07 am

  China State-Owned Banks Soak Up Dollars to Slow Yuan Gains

  How to Get Russia’s Billions to Ukraine

  Merz Under Threat as Business Warns of Germany’s ‘Free Fall’

  Can Quality of Life Be a Superpower? Ask Finland

  EU Presents Plans to Overcome Investment Hurdles Hampering Competitiveness

  Bank of England Launches Stress Test of Private Equity and Credit

  Why Silver Price Has Been Surging Even More Than Gold

  Hedge Funds Double Down Using Near-Record Leverage in Quest to Boost Returns

  Are We in a Stock Bubble? This Is the Only Thread You Need

  Tariffs Are Making Rates Descent a Lot Trickier

  Morgan Stanley Exec Expects Broad Surge in M&A

  Market Doubts Hassett Can Deliver at Fed, Says PGIM’s Peters

  Bessent to Push New Residency Rule for Regional Fed Heads

  Bessent Under Discussion to Also Lead National Economic Council

  Amid Ongoing Attacks from Antitrust Ankle Biters, Business Evolves

  Democrats Press Firms About Trump Ballroom Donations

  US Private Payrolls Post Largest Drop in More Than 2-1/2 Years in November

  The World Has More Billionaires Than Ever

  Manhattan Luxury Apartment Market Surges in Month After Mamdani’s Win

  Mayor Mamdani Unleashes the Wrath of Khan

  Trusting Tractor-Driving Good Ole’ Boys More Than Harvard Faculty

  New York Times Sues Hegseth, Defense Department Over New Press Rules

  Palantir C.E.O.: Any Suggestion That Trump Is a Fascist Is ‘Stupid’

  Alphabet’s AI Chips Are a Potential $900 Billion ‘Secret Sauce’

  In Arizona Desert, Taiwanese Families Create Community and Build a Factory

  18,000 Reasons It’s So Hard to Build a Chip Factory in America

  A Growing U.S. Tech Hub Needs Workers. Colleges Try to Keep Up.

  EU Probe of Musk’s X Tests Bloc’s Digital Clout in Trump Era

  How Impoverished People Selling Their Blood Fuels Drug Profits

  How The Dollar-Store Industry Overcharges Cash-Strapped Customers While Promising Low Prices

  Tired Americans Are Spending More Just to Avoid Chores

  Josh Harris’s Firm Strikes Deal for Middleby Unit That Makes Viking Stoves

  Cava Keeps No-Discounting Stance as Restaurant Deals Abound

  But Who Is the Snake in ‘Zootopia 2’?

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• Morning News: December 3, 2025
  Eddy Elfenbein, December 3rd, 2025 at 7:10 am

  The Hong Kong Fire: A Crisis in the National Security Era

  ECB’s Lane Flags ‘Upside Surprises’ to Euro Zone Inflation

  Hegseth and His War Department Have Lots of Explaining to Do

  Fed Pick Puts Pressure on Bessent to Deliver for Trump

  A $2,000 Tariff Dividend for Everyone? Bad Idea

  Ahead of Tariff Ruling, Businesses Race to Secure Refunds

  We Can Have the U.S. Coast Guard or Tariffs, Not Both

  Those Sky-High Bitcoin Prices That Everyone Said Were Here to Stay? They Left.

  The 26-Minute, 51% Wipeout That Deepened Trumps’ Crypto Woes

  Tech Is Getting Left Behind in the S&P 500’s Latest Rebound

  SEC Halts High-Leveraged ETF Plans in Warning Over Risks

  Secretive $3 Trillion Fund Giant Makes Flashy Move Into Private Assets

  Private-Credit Fears Are Based on Four Myths

  Eli Weinstein’s Second Chances

  The Puzzle Super Bowl

  US Mortgage Rates Slide to 6.32%, Boosting Purchase Activity

  The G.O.P. War on Property Taxes Will Lose Them the Suburbs

  Trump Promised Relief, Americans Got Higher Bills

  Michael and Susan Dell Give $6.25 Billion to Launch ‘Trump Accounts’ for 25 Million Kids

  Can ‘Trump Accounts’ for Babies Change the Economics of Having a Family?

  Airbus Woes While Boeing Rebounds Show How Quickly the Script Can Flip

  ChatGPT Has Been Handed the Right to Self-Rule. What Could Go Wrong?

  YouTube Creators Find a New Consumer for AI Slop: Babies

  Is Artificial Intelligence the Latest Internet Mania? Let’s Hope!

  Saudi Fund to Own Almost All of Electronic Arts After Buyout

  US Shale’s Downbeat Executives Are All Talk

  Perseus Mining Values Predictive Discovery Around $1.3 Billion in Takeover Bid

  The World’s Plastic Problem Is Only Getting Worse

  Smiths Group Shares Rise on $2.6 Billion Screening Unit Sale

  Retailers Are Snatching Up Real Estate Again

  Svedka’s First Super Bowl Ad Will Be Made Primarily With AI

  San Francisco Sues Food Makers Over Ultraprocessed Products

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• CWS Market Review – December 2, 2025
  Eddy Elfenbein, December 2nd, 2025 at 8:17 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.”)

  Yesterday, the stock market broke its five-day winning streak but today, the market resumed its winning ways. The S&P 500 closed higher by 0.25%. The index isn’t far from a new all-time high. The Nasdaq Composite was up today by 0.59%. High Beta was up over 1%.

  It’s an odd market when Apple, Walmart and Applied Materials all made new 52-week highs while Procter & Gamble and General Mills made new lows.

  

  The top-performing Dow stock YTD is…Caterpillar! If you had given me 29 guesses, I still wouldn’t have gotten it.

  Shares of Boeing were especially strong today. The company expects deliveries of their 737 and 787 jets to be up next year. The stock was up over 10% today. Interestingly, Boeing is a Dow component. If the Dow was weighted by market cap, then Boeing would have almost no impact.

  The four largest Dow stocks (Amazon, Apple, Microsoft and Nvidia) have a combined market value of $15 trillion. That’s nearly 100 times larger than Boeing. Even a giant multinational appears as but a speck when compared with the tech giants.

  Trump Appears to Favor Hassett for Fed Chair

  This week, President Trump said that he already knows who he will appoint as the next Chairman of the Federal Reserve. He said he may unveil his pick before Christmas even though Jerome Powell’s term doesn’t end until May. Wall Street broadly assumes that choice to be Kevin Hassett who is currently director of the National Economic Council. For his part, Hassett has said that he’d be happy to serve.

  Several years ago, I had a brief email exchange with Hassett. I noted some major flaws in his Dow 36,000 theory. I recall the exchange being cordial despite covering our disagreements.

  This theory was from a book he and James Glassman wrote in 1999 claiming that stocks were wildly underpriced and that stocks should, in fact, be four times more expensive than they currently were. As is often the case, the book hit the bookshelves just weeks before the stock market’s top. I wonder if that altered his view.

  The Dow eventually made it to 36,000, although it took its time.

  

  In 1999, I was told that my critique was going to run in a major financial publication. Alas, that never came to pass, but I’ve held onto it. Here’s a sample of what I wrote all those years ago. (Warning: it gets mathy.)

  First, Glassman and Hassett err in their selection of an appropriate measure of risk for their purpose. The free market prices risk, just like it prices everything else. That price is included in the price of stocks. In order to measure risk, Glassman and Hassett should use a measurement that isolates risk from the price of stocks. They don’t do this. Instead, they compare the standard deviation of stock returns to the standard deviation of risk-free-bond returns. That’s a different animal. Sure enough, with progressively longer holding periods, stock returns’ standard deviations gradually get smaller. Upon realizing that at long term, the standard deviation of stock returns is the same as bond returns’, actually slightly less, Glassman and Hassett conclude that stocks are “no more risky” than Treasury bonds.

  That’s a faulty conclusion. Even if the standard deviations are the same size, it doesn’t say anything about the risk that they’re looking for. The point is that risk has still never been isolated: It’s inside those returns no matter how long-term you go. The variability of risk’s part of all these returns may be diminishing as well. That can happen even if risk stays exactly the same size. With Glassman and Hassett’s method, we have no idea how big the risk inherent in stock ownership is.

  You can read the whole thing here. I’ll be curious to see if any Dow 36,000 Theory questions will make it into Hassett’s confirmation hearings. Since the book came out, Hassett’s career has gone further, but I still think I had the better argument. As for the Dow, it didn’t break 36,000 for another 22 years.

  Ninth Contraction in a Row for ISM

  We won’t get the key economic reports until later this month. Yesterday, we got the ISM Manufacturing Report for November. This report usually comes out on the first business day of each month. The report showed that for the ninth month in a row, the U.S. factory sector contracted.

  The ISM fell from 48.7 in October to 48.2 for November. Any number below 50 means that manufacturing is getting smaller. The red flag range is usually below 45. Manufacturing makes up about 10% of the U.S. economy.

  I often hear people say that America doesn’t make anything anymore. That’s not true. In reality, America is a manufacturing powerhouse, but the difference is that a lot fewer people do it.

  The problem lately is that the manufacturing sector has also had to deal with trade issues. Earlier this year, President Trump instituted a 25% tariff on vehicles and auto parts, but he’s added several side deals so some countries can get around the tariffs. Another 25% tariff came into effect last month on heavy-duty trucks and parts.

  From Reuters: “Only four industries in the ISM survey, including computer and electronic products, and machinery reported growth. Among the industries that contracted were wood products, transportation equipment and textile mills.”

  The U.S. economy is still in a precarious spot. The Federal Reserve meets again next week, and it’s almost certain that the Fed will cut rates again by 0.25%. I think that’s the smart move. After that, however, the outlook is unclear. Several Fed members have gone on record as being skittish about more rate cuts.

  After next week’s meeting, the Fed won’t meet again until late January, and I’m doubtful the Fed will follow up with another rate cut. There will probably be one or two rate cuts next year, but we’ll need to see more economic data first.

  As a very general rule, the Fed tends to closely follow the year on the two-year Treasury. This chart below shows that the two rates are nearly waltzing partners. Notice how the red line moves a tad earlier than the blue line.

  

  In this case, the red line, meaning the market’s line, is a bit below the Fed’s rate. That suggests that the market expects lower rates in the near future.

  Bitcoin has been plunging lately. At one point, the crypto currency dropped below $85,000. For some context, two months ago, it was over $125,000. This could be related to fears of an AI bubble.

  I’ll caution you that Bitcoin is very volatile, and it’s seen several drops like this before. In fact, it’s seen even larger drops than this. Still, this could mean that investors are growing tired of risky assets and they’re looking for comfort in more conservative areas. Bitcoin rallied nicely today.

  That’s all for now. The Federal Reserve is meeting again next week. The policy statement will be out on Wednesday at 2 pm ET. I’ll have more for you in the next issue of CWS Market Review.

  – Eddy

• Morning News: December 2, 2025
  Eddy Elfenbein, December 2nd, 2025 at 4:34 am

  Europe’s Defense Industry Grew by Nearly 14% in 2024

  Europe’s Green Energy Rush Slashed Emissions—and Crippled the Economy

  Chinese Rare-Earth Dealers Find Ways to Dodge Beijing’s Export Restrictions

  Energy Department Renames Renewable Energy Lab to Reflect Trump’s Fossil Fuel Focus

  Australian Bond Selloff May Extend as Hawkish RBA Bets Emerge

  Bank of England Warns Debt-Fueled Spending Boom Could Unravel

  Hard-Nosed Sympathy Is Beating Up Bond Markets

  Why Kevin Hassett Is Winning the Fed Chair Race Before It Has Ended

  Capitalism: Necessary, Moral Imperative

  Crypto’s Retail Traders Hit Hard as Strategy ETFs Plunge 80%

  Personal-Finance System Is Rigged Against Ordinary People, Two Economists Say

  Santander to Sell Stake in Polish Subsidiary for Around $473 Million After Erste Group Deal

  US to Take $150 Million Stake in Chip Startup Led by Gelsinger

  In the Shadow of Jane Street and Citadel Securities, Hudson River Mints Billions

  Sahm: $2,000 Tariff Checks Are a Good Idea Badly Planned

  Think of College Like You Would a Junk Bond

  College Students Flock to a New Major: A.I.

  Collect Social Security at 62 or Wait Until 70?

  Costco Joins Companies Suing for Refunds If Trump’s Tariffs Fall

  Burry Shorts Tesla on Valuation and Musk Pay Plan, Fortune Says

  Apple’s A.I. Chief, Who Failed to Deliver a Smarter Siri, Is Retiring

  OpenAI Completed Its Conversion. A New Ballot Initiative Seeks to Reverse It.

  Samsung’s Next Salvo Against Apple: A Triple-Folding Smartphone

  Netflix Offers Mostly Cash for Warner Bros. in New Bid Round

  Disney’s Succession Race Enters Final Stage as Iger’s Reign Draws to End

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• Morning News: December 1, 2025
  Eddy Elfenbein, December 1st, 2025 at 7:06 am

  China Manufacturing Gauge Shows Slightly Firmer Growth Momentum

  China Tells Stats Providers to Halt Home Sales Data Publication

  A Historic Housing Disconnect Is Forcing Prices Down

  Trump’s Assault on the WHO Is Forcing Radical Reform

  A Needless Barrier Between Patients & High-Quality Care

  Social Security Disability Needs New Data, Not New Policies

  The Duty to Disobey Unlawful Orders Was America’s Idea

  Bitcoin Plunges to Below $86,000 in Risk-Off Start to December

  Where Do Fed Voters Stand on a December Rate Cut?

  Blue Owl’s Teachable Moment for Investors and Asset Managers Chasing Yield and ‘Hot Money’

  Private Credit ‘Hysteria’ Will Get Very Real Next Year

  The $260 Billion Mom-and-Pop Funds Distorting the Credit Market

  Donald Trump Has Blocked a Big IRS Grab For Power

  Silicon Valley’s Man in the White House Is Benefiting Himself and His Friends

  Apple’s iPhone Eviscerates The Federal Reserve’s Phillips Curve

  America’s Tariffs Jolted the Global Economy. Its AI Spending Is Helping Save It.

  SoftBank’s Son ‘Cried’ About Nvidia Stake Sale to Fund AI Bets

  Striking at the Legal and Conceptual Core of ‘Woke AI’

  Three Mile Island’s Nuclear Revival Pits Those Who Fled Against Job Seekers

  The ‘Game Changing’ Cat Bond Incentivizing Adaptation

  There’s Too Much Oil. Who Are the Winners and Losers?

  American Consumers Lose Patience With High Car Prices

  For These Businesses, U.S. Tariffs Are a Price Worth Paying

  Two Retail Chiefs Take Stock of a Make-or-Break Holiday Shopping Season

  Gen Z Shoppers Aren’t Spending Like Retailers Need Them To

  People Are Ordering Smaller Pizzas and Fewer Toppings. What Does That Tell Us?

  America Loves a $13 Lunch Bowl. Don’t Bet Against It.

  Get Ready, America: Here Come China’s Food and Drink Chains

  Cartier Is Gen Z’s Rolex, Thanks to Taylor Swift

  Nvidia’s AI Primacy Suffers Hit From Bubble Believers

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• Morning News: November 28, 2025
  Eddy Elfenbein, November 28th, 2025 at 7:03 am

  ‘We Do Fail … a Lot’: Defense Startup Anduril Hits Setbacks With Weapons Tech

  OPEC’s Numbers Are an Exercise in Artistic Deception

  Canada Lifts Climate Laws for Alberta Oil Sands, Planning Pipeline

  The Texas Oil Mogul at War With California Over an Offshore Bounty

  Capital-Hungry Indonesia to Reduce Hurdles for Foreign Investors

  Why Was Lawrence Summers So In Demand to Begin With?

  Economic Data Dashboards Flourish to Track the Trump Effect

  CME Futures Outage Disrupts Trading Across Global Markets

  What’s Going to Happen When Wall Street’s AI Bubble Blows Up on Main Street?

  Ray Dalio’s Hedge Fund Bug Looks More Like a Feature

  Narrow Breadth of Growth Signals a Hidden Downturn

  How the Megabill Changes 2025 Tax Breaks for SALT and Charity

  You Can’t Blame Your Way Out of a Housing Crisis

  About Right to Work, Will the Real Abigail Spanberger Please Stand Up

  The Real Heroes of the Assault on the Constitution

  Ken Burns Still Thinks America Is Perfectible

  Trump Demands ‘Reverse Migration’ in Push for Sweeping Crackdown

  Trump’s Greedy Thanksgiving

  Why Jewelry Is Outperforming the Rest of the Luxury World

  Shoppers’ Holiday Spending Could Help Keep the Economy Humming

  What Do You Know About Black Friday?

  Why Tariff Uncertainty Means You Might Save Big on Black Friday

  American Customers Are Madder Than Ever

  Amazon, Flipkart Take Aim at India’s Banks With New Consumer Loan Offerings

  Here’s A Glimmer of Hope About AI and Jobs

  AI Shopping Bots Threaten to Upend Amazon’s E-Commerce Dominance

  Tech CEOs Can’t Stop Talking About Data Centers in Space

  FedEx and UPS Don’t Need to Join the Gig Economy

  Billionaire Zara Heir Bets Fast Fashion Empire on Upmarket Push

• Morning News: November 27, 2025
  Eddy Elfenbein, November 27th, 2025 at 7:11 am

  China Warns of Nuclear Conflict Risks After Trump Orders Testing

  Russians Are Starting to Feel Real Economic Pain From Putin’s War

  Todd Boehly Makes a Play for International Assets of Russia’s Lukoil

  Revolut Chair Says UK Stamp Relief Is Attractive for Tech IPOs

  Bank of Mexico Cuts 2025 Growth Estimate After Third-Quarter Contraction

  Is Trump’s Plan to Remake the Fed Coming Into Focus?

  Fed’s Beige Book Shows K-Shaped Split Deepens Among Consumers

  Stocks Gain as Investors Bet on Fed Rate Cuts; Yen Locked in Intervention Zone

  JPMorgan Flips Forecast, Sees Fed Cutting Rates in December

  JPMorgan to Build Huge New Tower in London’s Canary Wharf

  Corporate Dealmaking Is Getting Bigger and Bolder Under Trump

  Sam Altman’s Business Buddies Are Getting Stung

  The Untold Story of Charlie Munger’s Final Years

  What Pumpkin Pie Spices Tell Us About Tariffs

  The Unseen When It Comes To Thanksgiving Is Enormous

  If You Don’t “Own” the Land, Why Not Vacate the Land?

  Sika Flags One-Off Hit From China Restructuring, Costs

  Motorola Survived the iPhone By Returning to Its Public Safety Roots

  Sean Duffy Longs for the ‘Golden Age’ of Air Travel. What Was That Like?

  As Prices Pinch, Bessent Looks for Ways to Mollify Wary Consumers

  Gen X-ers Have Money to Spend. Why Are Retailers Ignoring Them?

  During the Holidays, Retailers Want Social Media Attention Too

  Campbell’s Fires Executive Behind Recording That Disparaged Its Food

  Here’s What’s Really in a Can of Campbell’s Chicken Soup

  Crocs Get the Xbox Treatment with Sole-Crushing Price of $80

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• Morning News: November 26, 2025
  Eddy Elfenbein, November 26th, 2025 at 7:04 am

  Ukraine’s Europe Allies Still Hold an Ace Card in US Showdown

  From ‘Outsider’ to Inmate: A Brazilian Banker’s Sudden Downfall

  Hamas Victims’ Families Sue Binance, Accusing It of Aiding Terrorism

  The Oil Market Is Always Wrong About Long-Term Prices

  Trump Falls Short of His Populist Rhetoric

  A Year Later, Donors to Trump’s Transition Come to Light

  Market Volatility Underscores Epic Buildup of Global Risk

  Traders Crowd Into Fed Futures Targeting a December Rate Cut

  A Smaller Fed Balance Sheet Is Bringing Its Own Problems

  How Much Will Thanksgiving Dinner Cost? It Depends on Whom You Ask.

  Consumer Confidence Fades and Retail Sales Growth Cools

  Retail Earnings Show Shoppers’ Resilience, but Some Stores Struggle

  Black Friday Deals Looking Lame? Just Wait

  This Black Friday, Dog Food Is In and Luxuries Are Out

  TikTok Hits the Sweet Spot on Buying While You Scroll

  Bernie Sanders and Josh Hawley’s Credit Card Price Controls Won’t Work

  The Kids Are Not All Right — How Young Stock Investors Are Bringing on a Bear Market

  There’s No Housing Crisis, There Are Just Emotional Pundits

  Make Houses Our Castles By Rethinking How We Tax Homes

  NYC’s Lander Recommends Dropping $42 Billion BlackRock Mandate

  Senate Committee to Challenge Auto-Safety Mandates That Hurt ‘Affordability’

  The Electric Door Tesla Made Famous Is Now a Danger in Other Cars

  Google Puts a Crack in Fortress Nvidia

  Nvidia’s Stock Is Sinking as Doubts About Its AI Dominance Grow

  SoftBank’s 40% Slide From Peak Shows Worry Over Giant OpenAI Bet

  Walmart Is Exploring Bringing Ads to Sparky, Its New AI Shopping Agent

  AI Startup Suno Inks Warner Music Deal, Settling Litigation

  Campbell’s Defends Its Ingredients After Chicken Controversy

  Bath & Body Works Bets on Aspiration, Influencers and Train-Station Scent Diffusers

  Can Disney Animation Reclaim Its Magic?

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