Author Archive

• Morning News: August 25, 2025
  Eddy Elfenbein, August 25th, 2025 at 7:04 am

  5 Years On, China’s Property Crisis Has No End in Sight

  This Is the End of China’s Once Mightiest Property Firm

  Why Haven’t Sanctions on Russia Stopped the War? The Money Is Still Flowing.

  How Weapons of Mass Destruction Became Popular With ESG Investors

  What’s the EU For? Its Leaders Need a Better Answer

  German Business Sentiment Keeps Improving Despite Economic Clouds

  Trump’s Pressure Campaign on the Fed Casts Shadow Over Jackson Hole Gathering

  Trump’s Policies Leave Central Bankers at Odds on How to Respond

  Swan Song in the Rockies Makes Music for Markets

  Week Ahead for FX, Bonds: U.S. PCE Inflation Data in Focus as Fed Rate Cut Looks Likely

  Wall Street Ramps Up Bets on September Rate Cut After Powell’s Dovish Tone

  After 9 Months on Hold, the Fed Could Cut Rates in September. Why the Long Pause May Extend Stocks’ Rally

  If The Trump Economy Is ‘Booming,’ Then It Doesn’t Need The Fed

  Wall Street Hires More Senior Bankers as Growing Confidence Spurs Deal Rebound

  The Real Reason Americans Worry About Trade

  Businesses Don’t Want Gerrymandered Election Maps Either

  Detention Centers Don’t Need Nicknames — and Certainly Not Merch

  Trump Threatens Troops to Fix Chicago ‘Mess’ as City Rebounds

  Ex-Trader’s Burrito Fortune Sinks on Guzman y Gomez Slowdown

  How a Historic Immigration Drop Is Changing the Job Market

  Workers Who Lost Jobs to Trade Needed Help. Washington Cut the Funding.

  They Put Off Relationships Until They Earned Enough Money

  America’s Newest Auto Plant Is Full of Robots. It Still Needs the Human Touch.

  Rented Robots Get the Worst Jobs and Help Factories Keep the Humans

  Cars Are So Expensive That Buyers Need Seven-Year Loans

  Inside Intel’s Tricky Dance With Trump

  Nvidia Faces Wall Street’s High Expectations Two Years into AI Boom

  Clegg Says Silicon Valley’s Herd Behavior Drives It Toward Trump

  Orsted Falls to Record Low After Order to Halt US Wind Farm

  ‘KPop Demon Hunters’ Is Netflix’s First No. 1 Box-Office Hit

  Keurig Dr Pepper Strikes $18 Billion Deal for JDE Peet’s

  Krispy Kreme Bets on Big-Box Stores to Stay Fresh

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• Morning News: August 22, 2025
  Eddy Elfenbein, August 22nd, 2025 at 7:03 am

  Japan’s Inflation Stays Well Above BOJ’s 2% Target

  Kazakhstan Presses on With $4 Billion Sulfur Fine on Majors

  Weather Traders Are Hedging Against the Next German Wind Drought

  Why Solar and Wind Power Can Thrive Without Subsidies

  Back Ukraine Diplomacy With Deterrence

  Germany’s Economy Shrank by More Than Expected on Tariff Hit

  Can Germany’s Merz Revive the Economy? Voters Are Running Out of Patience

  U.S. Foreign Trade Zones Draw New Demand as De Minimis Ends

  ECB Officials to Stick With Steady-Rates Plan After Trade Deal

  Trump’s Attacks on Institutions Threaten a Bulwark of Economic Strength

  3 Experts on What Trump Is Doing to the Economy

  Staff Cuts and Turmoil Hit the CFTC While the Crypto It Oversees Booms

  Bitcoin-Volatility Collapse Forces Risk-Loving Traders Elsewhere

  Bond Market Rate-Cut Bets Face Powell Reckoning at Jackson Hole

  Trump’s Attacks on Fed Overshadow a Critical Moment for the Central Bank

  Powell Plans U-Turn on an Economic Strategy That Soured

  How Long Can This Uncanny Stock Market Prosper?

  Wall Street Is Too Complex to Be Left to Humans

  Private Equity Keeps Inventing New Ways to Give Cash to Investors

  JPMorgan to Pay $330 Million to Malaysia to Settle 1MDB Case

  Meta Poaches Apple AI Executive Even as It Plans Hiring Slowdown

  Nvidia Chief in Talks With China to Allay Security Fears Over A.I. Chips

  How Trump Will Decide Which Chips Act Companies Must Give Up Equity

  Can You Still Get a Covid Booster? It’s Too Complicated

  Do You Know What’s in Your DNA? If Not, That’s a Problem

  Costco Joins a Quiet Retail Resistance

  The Biggest Retailers Are Thriving in the Tariff Economy

  Saudi Arabia, Olympic Council Weigh Moving Asian Winter Games

  Bollywood Icon Rejects Global Streaming Sites for $1 YouTube Hits

  Podcasting Is a Talent Business. SiriusXM Is Intent on Winning.

  Energy Drinks Are Now Offering a Bit of Value Along With That Caffeine Boost

  Chili’s Pays Fat Bonuses to Staff After Record-Setting Sales

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• Morning News: August 21, 2025
  Eddy Elfenbein, August 21st, 2025 at 7:07 am

  Africa’s Richest Person Wants to Dominate Oil Refining, Too

  Parched Texas Ranches Offer a Solution to Shale’s Water Woes

  A Cure for Sudden Power Blackouts

  Stalling New Zealand Economy a Test Case for Trade Chaos

  The Trade That Binds the Indian and American Economies

  European Business Takes Trump Tariffs in Stride

  Swiss Watch Exports Ticked Up in July Ahead of U.S. Tariffs

  U.S. Will Preserve 27.5% Auto Tariffs on EU Until Bloc Moves to Reduce Levies

  Trump’s Steel Tariffs Now Apply to Milk and Hundreds of Other Products That Aren’t Steel

  Trump Turns Up the Heat. Fed Chair Jerome Powell Tries to Keep His Cool.

  Trump Aims to Win Majority on Fed Board With Attempt to Oust Lisa Cook

  Fed Chair Contender Bullard Backs 100 Basis Points of 2025 Cuts

  Fed’s Schmid Says Modestly Restrictive Policy Still Appropriate

  Behind Powell’s Big Gamble in Final Jackson Hole Speech

  Fed Minutes Reveal Broad Support for Holding Rates Steady Last Month

  What Matters More to the Stock Market? The Fed or Nvidia?

  Goldman Traders Say It’s Time to Buy the Dip in Momentum Stocks

  This Round of American Exceptionalism Is Mediocre at Best

  Krugman: ICEing the U.S. Economy: Mass Deportations Will Hurt More Than People Realize

  American Businesses in ‘Survival Mode’ as Trump Tariffs Pile Up

  More U.S. Companies Plan to Slow Hiring in Second Half of 2025

  Google Is Trying Everything to Sell AI to Skeptics

  Musk Relies on AI to Breathe Life Into X’s Ad Business

  Novo Slump Darkens Danish Consumer Mood as Growth Outlook Sours

  Thoma Bravo Agrees to Acquire Dayforce in $12.3 Billion Deal

  Want Your Company’s Merger Approved? Pay a MAGA Influencer.

  Hertz to Sell Used Cars on Amazon Autos

  Amazon’s Big Bet on Groceries Isn’t a Knockout Blow for Rivals

  Walmart Wins Over More Shoppers as Tariffs Push Prices Higher

  Boeing in Talks to Sell as Many as 500 Planes to China

  New ESPN, Fox Streaming Services Join a Baffling Landscape for Fans

  Will Ticketmaster Face Justice Before Taylor Swift’s Next Tour?

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• Morning News: August 20, 2025
  Eddy Elfenbein, August 20th, 2025 at 7:09 am

  This Ukraine Summitry Is All Reality TV, Zero Substance

  Indonesia’s Central Bank Delivers Back-To-Back Rate Cut to Support Growth

  New Zealand’s Central Bank Cuts Rates, Sees More on Horizon

  Malaysia’s Rosy Economic Picture Belies Discontent

  Japan’s Exports Fall Most in Four Years as Tariff Pain Deepens

  U.K. Inflation Gains Pace, Likely Keeping Bank of England From Fresh Rate Cuts

  Europe Should Deepen Ties With Non-U.S. Trade Partners, Lagarde Says

  Sweden Central Bank Stands Pat, But Says It Could Cut Again This Year

  Powell’s Global Peers to Cheer for Fed in Rebuke to Trump

  Trump Embarks on $104 Million Bond-Buying Spree While in Office

  Trump Fights to Democratize 401(k)s With the Addition of Private Equity

  Finance Industry Bodies Call for Changes to Crypto Rules for Banks

  Fed’s Bowman Suggests Allowing Central Bank Staff to Own Small Amounts of Crypto Products

  Apollo’s Financial Origami Is Smart — And Scary

  AI Is Siphoning Up Venture Money, Spurring Talk of Bursting Bubbles

  Mark Zuckerberg Shakes Up Meta’s A.I. Efforts, Again

  OpenAI in Deal Talks That Would Value the Company at $500 Billion

  The Day ChatGPT Went Cold

  Silicon Valley Is Drifting Out of Touch With the Rest of America

  Intel Rescue Will Depend on Trump as Investor — and Pitchman

  Donald Trump Panicked In March of 2020, and D.C. Never Recovered

  The Unsung Hero of the OBBBA: Permanent Expensing

  The Oil Market’s Brightest Spot Is Aviation Fuel

  Flight Attendants Win Boarding Pay, Four-Year Deal, Ending Air Canada Strike

  Constrained at Home, China’s EV Champs Are Now Going Global

  Ford’s Dividend Looks Hard to Maintain, Even With Bespoke Accounting

  Target Bets a Lifelong Employee Can Steer Its Turnaround

  The True Cost of Firing a CEO

  McDonald’s to Cut Combo Meal Prices After Convincing Franchisees

  Alcon Shares Fall After Guidance Trim on U.S. Trade Tariff Hit

  Scotts Miracle-Gro Tried Playing Both Sides: Weed Killers, ‘Weed’ Growers

  Come One, Come All! Buy Your TV Subscriptions Here!

  Hint of Mini Labubu Launch Sends Pop Mart Stock Soaring 12%

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• CWS Market Review – August 19, 2025
  Eddy Elfenbein, August 19th, 2025 at 6:48 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.”)

  Wall Street Is Focused on Jackson Hole

  This week, most of the world’s attention has been on the diplomatic meetings in Washington that are trying to end the Russia-Ukraine War. But on Wall Street, traders have been focused on the Federal Reserve’s annual late-summer conference in Jackson Hole, Wyoming.

  In previous years, the Fed has used the Jackson Hole conference to announce major policy decisions. Fed Chairman Jerome Powell will be delivering his speech on Friday, and he’s expected to give greater clarity to the Fed’s plans for the economy and interest rates. This will likely be Powell’s last Jackson Hole conference as Fed chair.

  

  The Jackson Hole shindig is sponsored by the Kansas City Fed. The KC Fed has been running the conference since 1978. It moved to Jackson Hole in 1982 because, it’s said, Paul Volcker wanted to get in some fly fishing.

  Tomorrow, the Fed will release the minutes from its last meeting. In July, the Fed again decided to forgo any rate cuts. There were, however, two dissenting votes on the Fed, which is unusual. There could be more members thinking about breaking ranks, but we don’t know yet. The Fed isn’t known for its transparency, but it does like to show a united front.

  The most likely scenario is to expect the Fed to cut rates next month. After that, things get a little murky. Still, I think it’s reasonable to expect at least one more rate cut between July and the end of the year. Let me be careful to say that there are still a lot of unknowns floating around out there. In recent days, for example, we’ve had conflicting news on the economy.

  After reaching an all-time high last Thursday, the S&P 500 had minor drops on Friday, Monday and today. Today’s market was noteworthy because the High Beta sector again lagged the market. This is the third time this has happened in the last four days. Not long before that, there was a period when High Beta lagged for five days in a row. This is probably a reaction to lower interest rates.

  Has the High Beta cycle ended? I’m not willing to say just yet. For over four months, High Beta stocks have done very well. Perhaps too well. I’m skeptical that High Beta will do well in the coming weeks and months. These recent sessions could be an omen for a longer-term rotation away from High Beta and towards Low Vol. At some point, those boring stocks will look attractive.

  Now that earnings season is over, this is when we get many of the off-cycle earnings reports. In particular, many retailers are due to report this week. A lot of retailers prefer to have their quarters end in January, April, July and October. That way, the important holiday-shopping quarter isn’t cut off early. This week, we’re get earnings reports from big box retailers like Lowe’s (LOW), Walmart (WMT) and Target (TGT).

  This morning, Home Depot (HD) reported earnings that were slightly below consensus. The stock rallied today as the company reiterated its full-year guidance. The company also said that it will have to raise some prices due to tariffs. I like to look at HD’s earnings because it tells us a lot about the housing sector and about many independent contractors. This is a vital segment of our economy.

  We got another snapshot of the economy last Friday when the retail sales report for July was released. Wall Street had been expecting a 0.6% increase. Instead, retail sales were up 0.5%. That’s not too bad. If we strip out auto sales, then retail sales were up by 0.4% which matched estimates. If we take out autos and gas, then retail sales were up 0.2%.

  

  This was the second month in a row that retail sales increased. That came after two months of lower sales. In fact, the retail sales number for June was revised higher. The initial report showed an increase of 0.6%. Now it’s an increase of 0.9%.

  The retail sales report showed so-called control-group sales — which feed into the government’s calculation of goods spending for gross domestic product — advanced 0.5% in July after an upward revision to the prior month. The measure excludes food services, auto dealers, building materials stores and gasoline stations.

  Several categories that posted solid gains, such as furniture, sporting goods and cars, also saw some price increases during the month. Because the data aren’t inflation adjusted, an advance could reflect the impact of higher prices.

  Spending at restaurants and bars, the only service-sector category in the retail report, fell by the most since February. That doesn’t bode well for discretionary services spending at the start of the third quarter, said Oscar Munoz, chief US macro strategist at TD Securities.

  Also on Friday, the Federal Reserve reported that industrial production declined by 0.1% in July. Wall Street had been expecting no change. The sluggish number could be a result of shifting resources ahead of new tariff policies. The Fed also revised higher the industrial production number for June to a gain of 0.4%.

  Manufacturing makes up for 75% of all industrial production. The Manufacturing number for June was revised upward to no change. At the start of this year, manufacturing was doing quite well but that’s slowed down in recent months. Lower interest rates could help ease the decline. Since April, the manufacturing sector has lost 37,000 jobs.

  Inflation’s Impact on the Stock Market

  I often talk about inflation and the Federal Reserve, but this week I wanted to show why it’s so important. I want to show you how poorly the stock market has performed under high inflation.

  I went to Professor Robert Shiller’s data library. He has stock market data going back over 150 years. I took all the monthly market gains and monthly inflation rates. I then sorted all the months by level of inflation. I then calculated the average market return by different levels of inflation.

  To make things easier to read, I annualized the data. Here’s what I got:

  

  For example, the monthly inflation was 0% in 448 months. Over those 448 months, the stock market has had an average annualized gain of 13.59%. As you can see, the stock market really takes a nosedive when inflation gets too high. The turning point is about 7.3%. As long as inflation has remained below that, the stock market has done well. Above that is the problem area. The inflation rate is currently 2.7%. The important lesson is that few things kill the stock market quite like inflation.

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

  – Eddy

• Morning News: August 19, 2025
  Eddy Elfenbein, August 19th, 2025 at 7:10 am

  US and Europe to Work Immediately on Ukraine Security Plan

  Ukraine Got a Reprieve in Washington — Not an Escape

  Attack Drone Maker Stark Set to Boost Valuation on Sequoia Raise

  India Bond Volatility Jumps as Tax-Cut Plan Stokes Fiscal Worry

  China Plays Australia Off Canada in Economic Statecraft Maneuver

  S&P Affirms U.S. Credit Rating as Tariff Revenue Expected to Plug Fiscal Leaks

  Julian Simon Redux: Treasury Rates Across the Curve Are Going Down

  Economic Data Has Taken a Dark Turn. That Doesn’t Mean a Crash Is Near.

  Citi’s Banking Head Drives Turnaround with More Executives, Deals, Cooperation

  Why Are Some Stats Too ‘Girly’ for the BLS?

  Late Bookings Have Airlines Facing ‘Nail Biter’ On Holiday Travel Season

  Air Canada Flight Attendants to End Strike

  Prices Are Rising, but Not for Oil and Gas

  Trump Widens Metal Tariffs to Target Baby Gear and Motorcycles

  With Major Disdain for Tariffs, a Partial Case for Trump’s Tariffs

  Intel’s CEO Draws Support for Revival From SoftBank, Trump

  Trump Administration Discusses Taking 10% Stake in Intel

  A.I. Travel Tools Are Everywhere. Are They Any Good?

  Is Amazon About to Take Over the Grocery Business?

  Apple Just Landed a Key Win for the Global Encryption Fight

  Musk and Zuckerberg Praise This $3,000 Smart Mattress Cover. Will Regular People Buy, Too?

  Home Depot Sees Modest Price Movement, Says Consumers Deferring Larger Projects

  MSNBC to Change Its Name—and Lose the Peacock Logo

  The Race to Rescue PBS and NPR Stations

  TV-Station Owner Sinclair Proposes Merger With Tegna

  Newsmax Will Pay $67 Million to Settle Dominion Defamation Lawsuit

  Why Did Shari Redstone Do It?

  Jim Harbaugh Is an Even Bigger PR Headache for the NFL Now

  J.Crew Survived Bankruptcy. Next Up: Cultural Relevance?

  Your Player Injured? Fanatics May Give Your Money Back

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• Morning News: August 18, 2025
  Eddy Elfenbein, August 18th, 2025 at 7:11 am

  Whatever the Alaska Game Was, the Odds Didn’t Move

  Traders Boost Bets BOE Will Hold Rate at 4% for Rest of 2025

  Global Economy Took Tariff Hike in Its Stride, But Stronger Headwinds Are Ahead

  Trump’s Tariffs Will Crush India’s Exporters, Threatening Livelihoods

  European Trade Takes Fresh Tariff Hit as U.S. Exports Slump

  Dollar Faces Hit if Tariffs Passed on to Consumers

  What Would Happen If America Started Faking Its Economic Data? Here’s What Happened When Other Countries Did It

  Powell Has Reason to Hedge Jackson Hole Signal as Data Zigzags

  The Fed Chair Doesn’t Set Rates by Himself. Here Are the Other Voting Members.

  A $17 Billion Options Trader Is Coming to Take on NYC Flash Boys

  If You’ll Pay $800 for a Credit Card, You’re in Demand

  The Major Economic Lesson In the Life of Jacklyn Bezos

  Bloomberg: RFK Jr. Is Sabotaging President Trump’s Health Legacy

  China’s Use of Fossil Fuels Is Falling While Power Demand Is Surging

  Foreigners Are Buying US Homes Again While Americans Get Sidelined

  Sorry, New York. The Era of the Big City May Be Over.

  Air Canada Halts Guidance as Flight Attendant Strike Continues

  Leapmotor Swings to Profit as Vehicle Sales Hit Record

  Detroit Needs a New Direction

  Neocloud Operators Depend on Nvidia Chips Staying Expensive

  The DOJ Continues Its Dangerous Case Against Google Search

  Is the AI Winter Finally Upon Us?

  The C.E.O. of Duolingo Wants to Have a Conversation About A.I.

  Net Zero Sacrifices Working Class To a New Tech Empire

  Advent International to Buy U-blox For $1.3 Billion

  Soho House Agrees to Be Taken Private in $2.7 Billion Deal

  Comcast Gets Serious About Subscriber Losses — A Long Fight Looms

  The Chili’s Economy Is Here: What’s Behind the Casual-Dining Boom

  Is Your Favorite Social Media Sitcom Actually a Marketing Campaign?

  He Sold His Likeness. Now His Avatar Is Shilling Supplements on TikTok.

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• Morning News: August 15, 2025
  Eddy Elfenbein, August 15th, 2025 at 7:04 am

  A Trader’s Guide to the Alaska Talks Between Trump and Putin

  Trump Has the Tools to Deliver an Alaska Surprise

  China’s Economy Slows Sharply as Trade War Bites

  China New-Home Prices Drop as Stimulus Fails to Halt Slide

  Japan’s Economy Records Modest Growth Despite Trade Uncertainty

  Tariffs Set to Hit Ireland, Where U.S. Drugmakers Play Tax Games

  Swiss Economy Slows Sharply as Tariffs Weigh

  Tariffs Are High. So Is the Stock Market.

  Why Haven’t Tariffs Boosted Inflation? This Theory Is Gaining Traction

  Why Hands-Off Investing Pays Off

  The Auctioneer and the Treasury Chief: Billy Long’s Quick Fall at the I.R.S.

  Pimco’s Warning on a Fannie-Freddie IPO: ‘Don’t Fix What Is Not Broken’

  Goldman Offers Investors Stakes in Millennium for Just $1 Million

  Warren Buffett’s Berkshire Further Pares Stake in Apple, Adds UnitedHealth Position

  Credit Unions Are Living Large Off of U.S. Taxpayers

  Nobody’s Buying Homes, Nobody’s Switching Jobs—and America’s Mobility Is Stalling

  A Chaotic Gold Rush Is Helping Bolivia Prop Up Its Finances

  Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump

  Companies With No Detention Experience Want to Run Trump’s ICE Camps

  PBS Slashes Budget by 21% After Federal Funding Cuts

  SpaceX Gets Billions From the Government. It Gives Little to Nothing Back in Taxes.

  The U.S. Is Discussing Taking a Stake in Intel

  Meta’s Consumer AI App Has Persistent Flaws Months After Debut

  AI Music Is Ubiquitous and Getting Harder to Spot

  Uber Freight Is Stuck in a No-Win Situation

  The Man Tasked With Nailing Ford’s Next Model T Moment

  Rivian Says It Faces $100 Million Hole After Relaxation of Fuel Economy Rules

  Jaguar and Aston Martin Must Find a Way to Share

  Why Cheap Airline Seats Are Getting Harder to Find

  How Urban Outfitters’ Nuuly Stole the Show From Rent the Runway

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• Morning News: August 14, 2025
  Eddy Elfenbein, August 14th, 2025 at 7:04 am

  Eurozone Industrial Production Slumps More Than Expected as Tariff Effects Sting

  Red Sea Shipping Diversions to Enter a Third Year, CEO Says

  China Mulls Asking Firms Run by Central Government to Buy Homes

  Chinese Imports Fell During Trump’s First Term. It’s Happening Again.

  Blue States Hunt for Ways to Wring More Taxes From the Wealthy

  Since the Rich Are Overtaxed, Americans Won’t Get to Escape Social Security

  Where Is Bessent Pulling These Rate Models From?

  Bessent Has Yet to Fully Divest Assets, Raising Concern at Ethics Agency

  Fed Faces High Bar for Big Cuts Despite White House Pressure

  Behind Wall Street’s Abrupt Flip on Crypto

  Return to Office Split Deepens Banking’s Transatlantic Divide

  Aviva’s Profit Jump Boosts Shares to Near 18-Year High

  Swiss Re Backs Guidance After Profit Beats Views

  Big Business Came Prepared for This White House

  American Antitrust: Now More Extreme Than Europe

  You Can Buy One of the C.I.A.’s Greatest Mysteries at an Auction House

  As Trump Pushes International Students Away, Asian Schools Scoop Them Up

  U.S. Steel Explosion Presents Challenge to Nippon’s Investment Plans

  Trump Order Seeks to Cut Regulations for Space Industry

  Brazil’s Eight-Year Campaign for Green Jet Fuel Hits the Trump Wall

  Big Tech’s A.I. Boom Is Reordering the U.S. Power Grid

  Nvidia’s Trump Tax of Little Worry to Investors Eyeing AI Riches

  Deere Falls as Struggling Farmers Delay Machinery Rebound

  Killing the Cure: Why Tariffs On Medicine Backfire

  Costco Won’t Sell Abortion Pill as Religious Investors Declare Win

  There’s Money to Be Made From ‘MAHA.’ Food Companies Want In.

  The Chocolate Company Where Prices Change Every Three Months

  The U.S. Alcohol Industry Is Reeling From Canada’s Booze Boycott

  The Live Music Business Is Booming. Now Rap Is Getting a Piece, Too.

  From Gucci to Rolex: The Rise and Fall of Luxury in Music

  Tapestry Plummets With Tariff Costs Weighing on Profit Outlook

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• Morning News: August 13, 2025
  Eddy Elfenbein, August 13th, 2025 at 7:06 am

  Bets on Outsize Fed Cut Gain Steam as CPI Data Backs Doves

  Bessent Says Fed Rates Should Likely Be 150, 175 Basis Points Lower

  Crypto Entrepreneur Who Caused 2022 Market Crash Pleads Guilty to Fraud

  A Flash in the Pan: The Strange Story of Kodak’s Ill-Fated Crypto Venture

  Morgan Stanley Sees Brazil Bond Sales Setting $30 Billion Record

  Bessent Dismisses China Investing in US as Part of a Trade Deal

  China’s New Yuan Loans Drop Unexpectedly

  China Sees Backlash Over Mandatory Social Security Payments

  The US-China Fight Over Panama’s Canal Has an Unexpected Winner

  China to Hit Canadian Canola With Nearly 76% Tariff as Trade Row Escalates

  Vietnam Wants to Be the Next Asian Tiger and It’s Overhauling Its Economy to Make It Happen

  Trump Calls on Goldman to Replace Economist Over Tariff Stance

  Trump’s Pick to Lead Labor Data Agency Adds to Fears of Political Interference

  Trump Has Made Himself Commander in Chief of the Chip Industry

  What to Know About Trump’s Deal With A.I. Chipmakers

  Companies Are Pouring Billions Into A.I. It Has Yet to Pay Off.

  Transatlantic Cooperation and the E.U.’s Digital War on U.S. Tech

  Perplexity’s Bid for Google Chrome Is Mostly Mischief

  GE Appliances Plans $3 Billion U.S. Investment to Help Blunt Tariffs

  Billion-Dollar Pay Packages Are Disasters-In-Waiting

  Saving Money on a Used Car Is Getting Harder

  Americans Are Getting Priced Out of Homeownership at Record Rates

  OPEC+ Reshaped the Calculus for Oil Markets and Spawned a Record Glut

  Scrappy Gas Billionaires Win Major Arbitration Case Against Shell

  The Push for Solar Is Carving a Path of Destruction

  Pharmaceuticals, AI Make Growing Old Great Again

  Gildan to Buy Underwear Maker Hanesbrands for $2.2 Billion

  The South African Businessman Who Turned Le Creuset Into Commercial Gold

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