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  • Morning News: January 13, 2026
    Posted by Eddy Elfenbein on January 13th, 2026 at 7:04 am

    Why China Is Suddenly Obsessed With American Poverty

    Takaichi’s Early Japan Election Plans Jolt Yen, Bonds and Stocks

    Milei Still Props Up Argentina’s Peso Despite Looser Trading Rules

    Citi Says Europe Could Also Face Central Bank Independence Risk

    Global Central Bankers Show ‘Full Solidarity’ With Fed’s Powell

    A Top Fed Official Conveys Little Urgency for Immediate Rate Cuts

    Fed That Fights Back Is a Threat to Trump’s Takeover Plan

    When All the King’s Men Are Too Eager to Please

    The Economic Toll of Trump’s Policies Will Soon Be Visible

    JPMorgan Investment-Banking Fees Drop on Underwriting Miss

    JPMorgan Profit Beats Estimates on Trading Boom, Takes Hit on Apple Card

    Hedge Funds Turn Chaos Into Cash for Best Gains in 16 Years

    Pimco Sees US Mortgage Bond Purchases Boosting Returns

    Banks Warn Consumers Will Be Hurt by Trump’s 10% Cap on Credit Card Interest Rates

    This Is Who Companies Call When They Want to Become a Bank

    End Debanking by Removing Government From Reputation Regulation

    Europe’s Gas and Power Hedge Funds Are Set to Cash In

    America Doesn’t Need Greenland. It Needs a Reality Check

    The Dubious Art of Explaining What Trump ‘Really Means’

    The Ignominious Death of Drill, Baby, Drill

    Venezuela’s Oil Riches Are Years Off, but Winners and Losers Will Emerge

    Exxon’s Truth-Telling on Venezuela Shows Risk of Crossing Trump

    Here in Midland, Texas, the Last Thing Anyone Wants Is Cheap Venezuelan Oil

    The Battle Over Who Runs the Panama Canal Ports Is About to Be Decided

    Canadians Back Ban on US Booze as Trump Keeps Up Trade Pressure

    Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs

    Ackman Pitches Prepayment Penalties as Way to Cut Mortgage Rates

    Tax Increases Will Not Solve the Affordability Challenge

    Delta Seals Boeing Order as Earnings Support Travel Boom

    America’s Biggest Power Grid Operator Has an AI Problem—Too Many Data Centers

    The ‘Tech Left’ Is Different This Time

    Netflix Wanted to Reinvent Live TV. It Hasn’t Been Easy.

    Taking a Cue From Labubus, Retailers Are Embracing Mystery Shopping

    ’Shrooms Lead the Pack in Psychedelic Medicine, but Rollout Is Bumpy

    Be sure to follow me on Twitter.

  • Morning News: January 12, 2026
    Posted by Eddy Elfenbein on January 12th, 2026 at 7:09 am

    For Years, Powell Avoided Fighting Trump. That’s Over.

    Fed Served With DOJ Subpoenas; Powell Vows to Stand Firm

    Trump Faces Fed Roadblock as Key Republican Blasts Justice Probe

    Bill Pulte Seen as Key Instigator Behind Powell Subpoena

    Trump’s Investigation of Powell Is Also a Warning to the Next Fed Chair

    ‘Sell America’ Trade Is Revived by Trump’s Latest Fed Attack

    Copper Pushes Toward Record on Supply Concerns and Weaker Dollar

    Gold and Silver Storm to Records as Fed Hit With Subpoenas

    What’s at Stake for the Oil Market If Iran Crisis Escalates

    Trump Says He’s Inclined to Exclude Exxon From Venezuela

    The Speed-Obsessed Texas Wildcatter in Pole Position for Venezuela’s Energy Riches

    China Has Been Gorging on Black-Market Oil. That’s Now Getting Harder.

    Greenland Faces Crunch Week as Europe Seeks to Defuse Trump

    I’ve Studied How Democracies Fail. Here’s My Unified Theory of Trump

    Two Ways the Donroe Doctrine Will Get Tangled in a Shifting Global Economy

    US and China Flip the Global Script as Capital Flows Reverse

    As the US Lures Investment Home, China is Splashing Cash Globally

    Financials Fall As Trump’s Credit Card Rate Cap Plan Rattles Investors

    How Trump’s Proposed Cap on Credit Card Rates Could Reshape Consumer Lending

    Trump’s Credit-Card Cap Would Feed the Weakest to the Sharks

    How a Puzzling 401(k) Plan Changed One Woman’s Life

    Americans Are Right to Be Worried About the Labor Market

    Trump’s New Housing Strategy Is All About Boosting Buyers Now

    President Trump Is Targeting Mortgage Rates Where They’re Set

    What a New Betting Market for Housing Prices Means for Home Buyers and Sellers

    The Next Dust Bowl Is Becoming More Likely

    Thiel Gives $3 Million to Group Seeking to Block California Wealth Tax

    What I Learned Playing Liar’s Poker Against AI

    DeepSeek Founder Liang’s Funds Surge 57% as China Quants Boom

    China’s Top Paid App Is a Tool to Help Grandma Check In

    The Lawyer Suing Media Outlets for Trump Has a ‘Trumpinator’ Doll Behind His Desk

    Young Men Are Lost. A New Book Can Guide the Way

    Why This Billionaire Holds a Family Meeting About Money Once a Quarter

    Malaysia and Indonesia Block Access to Grok Because of Sexually Explicit Content

    Allegiant to Buy Sun Country Airlines in $1.5 Billion Deal

    Be sure to follow me on Twitter.

  • Morning News: January 9, 2026
    Posted by Eddy Elfenbein on January 9th, 2026 at 7:04 am

    Iran Shuts Down Internet in Crackdown on Escalating Protests

    India Needs Logistics Overhaul to Seize on Trade Shifts, Port Operator Says

    Trump’s Rivalry With China Plays Out in a Sleepy Greek Port

    A Shadow Fleet Smuggles Illicit Oil Across the High Seas. This Is How It Works.

    The Venezuela Raid Is a Lesson in Intellectual Regression

    Trump’s Team Orders Big Oil Into Venezuela: ‘Do It for Our Country’

    Trump’s $50 Oil Price Goal Is Doable, but Painful

    Wary of Investing in Venezuela, Big Oil Heads to the White House

    Forget the Naysayers, Venezuela Offers Quick Oil Wins

    DOGE’s Damage Lingers in Crucial Data Agencies It Gutted

    Inside the White House, Stephen Miller Is Making His Vision of America Real

    Auditing the IRS: The Future of Government’s Most Critical Agency

    Fed Keeps Close Eye on Labor Market as It Assesses Further Cuts

    Trump Orders Fannie and Freddie to Buy $200 Billion in Mortgage Bonds

    Congress Must Close GENIUS Act’s Stablecoin Loophole

    Gold Price Surge Boosts Swiss National Bank’s Profit

    He Runs the World’s Biggest Sovereign Wealth Fund, but His Podcast Made Him Famous

    An Antidote To Isolation In the Executive Suite

    Rio Tinto and Glencore in Talks to Form World’s Biggest Miner

    Cocoa Prices Swing as Exporter Hedges Offset Index Buying

    Organ Meat Is All the Rage Thanks to MAHA and the Natural Food Fad

    Pharma Deals on the Rise as Industry Shakes Off Trump Anxiety

    China’s EV Dominance at Home Is Squeezing Out Foreign Carmakers

    GM’s EV Charges Balloon to $7.6 Billion as US Demand Craters

    Nvidia’s Go-To Chipmaker TSMC Sees Revenue Top Estimates

    Gargantuan ‘Big Tech’ Investment Discredits ‘Monopoly’ Alarmism

    Meta Signs Multi-Gigawatt Nuclear Deals for AI Data Centers

    Meta’s Manus Deal Is a Win for the US

    The Tech That Will Invade Our Lives in 2026

    The Startup Making Human Embryos With AI-Assisted Robots

    The Man Who Could Be Apple’s Next C.E.O.

    Grok’s Image Generator Turns X Into a Deepfake Nudity Factory

    Jaylen Brown Calls for Player Equity as NBA Team Values Soar

    Be sure to follow me on Twitter.

  • Morning News: January 8, 2026
    Posted by Eddy Elfenbein on January 8th, 2026 at 7:02 am

    Greenlanders Are Stuck Between Trump and an Uncomfortable Present

    Trump Team Works Up Sweeping Plan to Control Venezuelan Oil for Years to Come

    Consumers Love Cheap Gas, but the Oil Patch Will Pay the Price

    Trump Opens New Front Against China With Brazen Arrest of Maduro

    If Xi Jinping Is All-Powerful, Then Why Do We Fear China?

    China to Approve Nvidia H200 Buying as Soon as This Quarter

    US Success in Venezuela Won’t Be Judged By Oil

    Lucrative Bets on Venezuela Trigger Insider Trading Scrutiny

    It’s Not Just Oil: How Else Wall Street Might Benefit From Trump’s Venezuela Actions

    Trump Orders Crackdown on Defense Industry Stock Buybacks

    Emerging Stocks, Currencies Drop as Geopolitical Risks Mount

    More Than 1,000 Companies Are Suing Trump Over His Tariffs

    The Return of the IPO Could Spell Trouble for Private Equity

    Push to Audit Private Equity and Venture Capital Falters Under Trump

    US Layoff Plans Dropped at Year End With More Hiring to Come

    Cash-for-Visa Allegations Complicate Canada’s Race for Global Talent

    Minimum Wage Rises in Some States as Workers Struggle With Basic Costs

    Billionaires Are Ramping Up Their California Exits on Threat of Wealth Tax

    Trump Moves to Ban Big Investors From Buying Single-Family Homes

    This Is Not the Way to Make Housing More Affordable

    A Letter Won’t Always Be Postmarked the Same Day You Drop It in the Mail

    U.S. Shipyard Key to Trump’s American Revival Is Already Too Busy

    BMW to Roll Out Three New EV Models in Push for More India Sales

    JPMorgan, Apple and Goldman Score a Rare Win-Win-Win

    China Is Investigating Meta’s Latest A.I. Acquisition

    TikTok Saga Moves Quietly Toward Understated Ending

    The Disastrous CBS Evening News Debut Was at Least an Apt Metaphor for America Right Now

    Tune Out the Panicked Voices of the Movie-Industry Luddites

    L Catterton Strikes Deal for Cottage Cheese Maker Good Culture

    As Food Costs Rise, Chefs Turn to Trash for $160 Tasting Menus

    Be sure to follow me on Twitter.

  • Morning News: January 7, 2026
    Posted by Eddy Elfenbein on January 7th, 2026 at 7:09 am

    Eurozone Inflation Falls to ECB Target

    German Unemployment Holds Steady

    China Sells the World on Its Duty-Free Island, Amid a $1 Trillion Trade Surplus

    China Escalates Feud With Japan, Probes Chipmaking Material

    Here’s How Japan Can Hit Back at China’s New Export Controls

    The World Needs a Lot More Copper. But Will There Be Enough Supply?

    LNG Market Moves From Famine to Feast on Wave of New Supply

    Trump Says Venezuela to Send Oil Worth Up to $2.8 Billion to US

    With Maduro Out, Wall Street Chases After Venezuela’s Riches

    No Crash, No Problem? Good Luck With That

    Tests of Fed’s Independence Intensify as Trump Seeks to Reshape Institution

    Steve Moore and Larry Kudlow Owe Trump Straight Talk On the Dollar

    Why Bonds Now Look Like a Better Bet Over Stocks and Gold

    US Bank Profits Surge On Investment Banking Jump In Fourth Quarter

    Goldman Sachs Tops Global M&A Rankings with $1.48 Trillion in Deals

    JPMorgan Cuts All Ties With Proxy Advisers in Industry First

    US Mortgage Rates Fall to 6.25%, Lowest Since September 2024

    Slashing Foreign Aid Risks Millions of Lives

    Vaccine Changes Will Make American Children Suffer Again

    Hiring in the Age of AI Means Proving You Need a Human

    Samsung Rises to New Highs With No End in Sight for Memory Crunch

    Mobileye Acquires Startup Mentee Robotics for $900 Million

    The $160,000 Mechanic Job That Ford Can’t Fill

    Warner Bros. Dismisses Latest Paramount Bid as Inadequate

    Media Startup Semafor Raises $30 Million in New Funding Round

    SpaceX Is Under a Lot of Pressure Now. It’s Not Alone

    Musk’s Grok AI Generated Thousands of Undressed Images Per Hour on X

    Hilton, ICE and the New Playbook for Handling an Online Crisis

    Why Every Decent Restaurant Has a Product in the Grocery Store Now

    Be sure to follow me on Twitter.

  • CWS Market Review – January 6, 2026
    Posted by Eddy Elfenbein on January 6th, 2026 at 6:16 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.”)

    I always look forward to the start of the new trading year. It’s a fresh start and all the YTD performance numbers are set back to zero. It’s a time to leave behind last year’s mistakes and look ahead to profits in the new year.

    So far, the stock market seems to be in a very happy mood in 2026. The S&P 500 rallied on the first three trading days of the new year, and today the index set a new all-time record closing high of 6,945.82. Before today, the last closing high was set on Christmas Eve.

    Not only did the market rally on the first three days of this year, but our Buy List outperformed the market on all three days as well.

    The events in Venezuela haven’t been enough to rattle the markets. Indeed, one of our buy List stocks, SAIC, the defense contractor, got a nice lift on the news. It’s already up 8% for us this year. We also had new highs today from stocks like Heico and Thermo Fisher.

    Historically, this has been a good time of year for the stock market. From December 20 to February 18, the S&P 500 has gained an average of 3.6%. That’s close to one-third of the market’s annual gain coming in less than one-sixth the time.

    Another of our new stocks on the Buy List, Comfort Systems USA, is already up 10.8% this year. Not bad for three days, but we know not to celebrate too soon. The market can and will change its mind very quickly.

    The market news has been fairly quiet recently, but that will soon change. Now that the government shutdown is over, we can get back to regular economic reports. This Friday, the government will release its jobs report for December, although the last few labor reports were not very encouraging.

    The simple fact is that the labor market has been slowing down. The unemployment rate is currently at a four-year high, even though it’s still at a historically low level. The unemployment rate reached its low point nearly three years ago.

    Earlier today, we got the ISM Manufacturing Index for December, and it showed that U.S. manufacturing fell to a 14-month low. The Index fell to 47.9 for December. That’s the lowest level since October 2024. Manufacturing now makes up 10% of the U.S. economy.

    The other big news headed our way will be the start of the Q4 earnings season. As usual, many of the big banks will go first. JPMorgan Chase and the Bank of New York Mellon are set to report on Tuesday, January 13. JPM often sets the tone for the entire banking sector.

    By the way, JPM’s CEO Jamie Dimon made a cool $770 million last year. That works out to 28 cents per share on a $330 stock. I’m not smart enough to tell you if that’s too high or too low, but the stock gained 34% last year. JPM’s annual profit will probably come in around $20 per share.

    On Wednesday, we’ll get earnings reports from Bank of America, Citigroup, and Wells Fargo. The financial sector has been unusually strong lately, and I say that cautiously. Except for a few bursts, finance stocks haven’t been popular in several years. Since late October, the S&P 500 Financial ETF is up by more than 8% while the S&P 500 ETF is up less than 1%.

    Our first batch of Buy List earnings reports probably won’t be until the third week of January. Companies often need a little more time to compile their Q4 reports. That’s why the Q4 earnings season tends to be more spread out compared with the other quarters.

    Tomorrow, we’ll get an early look at the jobs report when ADP releases its private payrolls report. Wall Street expects a gain of 48,000. Also on Wednesday, we’ll get reports on job openings and factory orders. Job openings have fallen over the last three years, but the losses may have stabilized. We’ll know more soon.

    On Thursday, we’ll get initial jobless claims plus reports on productivity and the trade deficit. The big jobs report is on Friday. Wall Street expects to see a gain of 73,000 jobs which is pretty good. Expectations are for the unemployment rate to fall by 0.1% to 4.5%.

    I’m also paying close attention to average hourly earnings. Economists are looking for a gain of 0.3%. If that’s close to accurate, then it tells me that the government shutdown didn’t have the impact I feared it would have.

    Inflation has also been calm. The next CPI report will be out on January 13. The January Federal Reserve meeting is still three weeks away, and it increasingly looks like the Fed is ready to hold off on lowering rates. Not only that, but the odds of a rate cut in March are looking iffy.

    I want to share this chart with you because it might be the most frustrating chart about the recent market. The chart below shows the S&P 500 ETF (in black) against the S&P 500 Dividend Aristocrats ETF (in blue).

    You can see that the overall market has soundly beaten the Dividend Aristocrats over the last three years. The market has more than tripled the Aristocrats. Actually, this chart understates the impact because the Dividend Aristocrats are inside the S&P 500.

    The Dividend Aristocrats are companies that have raised their dividend every year for the last 25 years. Many have raised their dividend every year for 40 or 50 years.

    I think of the Dividend Aristocrats as a good proxy for high quality companies. When I use the words “blue chip stocks,” this is what I mean. Many index makers have a “quality” factor for their indexes but I’m never exactly sure what metrics they use. With the Dividend Aristocrats, I have a good idea.

    I find it alarming that high quality stocks have lagged the market by so much over the last three years. I certainly expect periods of underperformance, but this long stretch is very unusual.

    This chart also shows us just how much the market has been influenced by a small number of lower quality stocks. The sad fact is that being safe and prudent has not been the most profitable strategy.

    It’s not that conservative investors have lost money, but they’ve been left out of the biggest gains in a thriving bull market. I’m concerned that investors make take away the wrong lesson, but it’s hard to argue with success.

    I’m not about to predict a resurgence of high-quality stocks, but these stocks can only lag the market for so long.

    That’s all for now. The jobs report is due out Friday morning. I’ll have more for you in the next issue of CWS Market Review.

    – Eddy

  • Morning News: January 6, 2026
    Posted by Eddy Elfenbein on January 6th, 2026 at 7:04 am

    China Slaps Export Controls on Japan Military for Taiwan Remarks

    In China, a Debate About Political Power Ignites After Maduro’s Capture

    Snatching Maduro From Venezuela Was Illegal — and Damaging

    Venezuela Ushers in the Era of Trump’s ‘Donroe Doctrine’

    Trump’s Hint to Oil Executives Weeks Before Maduro Ouster: ‘Get Ready’

    Mystery Trader Garners $400,000-Plus Windfall on Maduro’s Capture

    Bets on Maduro, Jesus Reveal Promise and Risks of Prediction Markets

    Venezuela’s New Leader Is the Oil Industry’s Long-Time Ally

    Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage

    Citgo Is a Crown Jewel of Venezuela’s Oil Industry. Elliott Is Set to Reap the Benefits.

    Trump’s Venezuelan Gambit Holds Chance of Rising US Sway Over Crude

    Copper Surges to Fresh Record as Inventories ‘Locked in the US’

    Hilton Lands in DHS Crosshairs After ICE Agents’ Hotel Reservations Are Canceled

    The GOP Is Kidding Itself About the Economy

    Do Tariffs Cause Inflation? New Studies Offer Surprising Answer

    Sweeping Minimum-Wage Hikes Take Hold Across the Country

    The Fed’s Six Big Challenges in 2026

    The Cost of Inaction On Crypto Market Structure

    More Tax Revenue Is a Certain Path to Soaring National Debt

    Corporation for Public Broadcasting Votes to Shut Down

    Optimism About Nuclear Energy Is Rising Again. Will It Last?

    Nvidia’s $4 Trillion Stock Rally Faces More Threats Than Ever

    Nvidia Details New A.I. Chips and Autonomous Car Project With Mercedes

    Tesla Is Swapping Its EV Crown For Even More Promises

    Hyundai Unveils New Humanoid Robot for Work in Car Factories

    Dell’s Underperforming PC Business Seeks a Comeback

    Steel Dynamics, SGH Bid $8.8 Billion to Acquire BlueScope Steel

    AB InBev Buys Back $3 Billion Stake in U.S. Metal Container Facility to Boost Supply Security

    How Corporate Security Has Changed a Year After UnitedHealth Killing

    Make Drug Prices Great Again Without Price Controls

    The Curious Cult of Aldi

    Victoria’s Secret Faces Valentine’s Day Test

    Be sure to follow me on Twitter.

  • Morning News: January 5, 2026
    Posted by Eddy Elfenbein on January 5th, 2026 at 7:06 am

    Trump’s Ouster of Maduro Shows America’s New World Order Is Here

    Switzerland Freezes Assets of Maduro and People Close to Him

    Trump Now Has His Very Own Oil Empire

    Chevron, US Oil Stocks Rally as Trump Vows Venezuela Revival

    Trump’s Venezuela Oil Revival Plan Is a $100 Billion Gamble

    Reviving Venezuela’s Flow of Oil Will Not Come Easily or Cheaply

    Not Your Father’s Oil Market: Geopolitical Shocks Lack Impact

    Why Oil Prices Are Barely Moving After the Venezuelan Incursion

    China Needed Oil. Venezuela Needed Cash. Their Deal Faces a Turning Point.

    Xi Faces Higher Costs in Taiwan Than Trump Does in Venezuela

    Venezuela Trade Disruptions to Stay Localized, Analysts Say

    Why Markets Can Sit Out the Drama in Venezuela

    Safe-Haven Gold Propelled to One-Week High by US-Venezuela Conflict

    Yellen Warns of Growing ‘Fiscal Dominance’ Threat to US Economy

    Calls to Weaken the Dollar Are the Stuff of Economic Ignorance

    Slow Growth Since 1971? The Floating Dollar Just Begs For Attention

    Small-Time Crypto Investors Are Facing Violent Attacks

    Treasuries Advance Ahead of Key US Manufacturing Numbers

    Dimon’s $770 Million Windfall Shows How Banking Is Great Again

    Supreme Court Increasingly Favors the Rich, Economists Say

    The Winners and Losers From 2026’s Mix of Tax and Benefit Cuts

    Contemplating the Difficult Labor-Market Conditions for U.S.-Born Men

    ‘Hectocorns’ Are Just One AI Flashpoint for 2026

    Ten Unexpected Things 2026 May Bring

    Simulation or Not, Musk’s Surreal Year Could Push Him to $1 Trillion Heights

    US Auto Sales Poised to Slip as Middle-Class Buyers Retreat

    27 Million Fewer Car Trips: Life After a Year of Congestion Pricing

    Zillow’s CEO Is Ready for Another Slow Year in the US Housing Market

    Apollo Leads $1.2 Billion Investment in Brad Jacobs’ QXO

    Saks in Talks for $1 Billion Bankruptcy Loan to Keep Doors Open

    First GLP-1 pill for Obesity from Novo Nordisk Launches in the U.S.

    America Is Falling Out of Love With Pizza

    Dutch Bros Is Out-Starbucksing Rivals With the Sugariest Drinks

    More People Are Lifting Weights. It’s Changing Gym Culture.

    Be sure to follow me on Twitter.

  • Morning News: January 2, 2026
    Posted by Eddy Elfenbein on January 2nd, 2026 at 8:15 am

    The 14 Global Trends That Will Shape the Climate in 2026

    Orsted Files Legal Challenge to Trump’s Wind-Farm Suspension

    Trump’s Lasting Damage Will Be the Steady Erosion of Norms

    Work, Invest, Inherit: How Americans Can Actually Move to Europe

    Britain’s FTSE 100 Hits 10,000 Mark in Strong Start to 2026

    The Global Economy Must Adapt to Avoid Tumult This Year

    Economists Whiffed Tariffs Precisely Because They Whiffed Inflation

    US Treasuries Extend Gains After Posting Best Year Since 2020

    Can Kalshi Take On Inflation, Too?

    Wall Street Sees Another Banner Year for Markets. Could Anything Stop It?

    Here’s (Almost) Everything Wall Street Expects in 2026

    China’s Multi-Asset Funds Dominate Top Performers as Tech Soars

    3 Ultra-High-Yield Dividend Stocks That Are Screaming Buys in 2026

    Rationally Exuberant Markets Will Be Risking AI Mishaps in 2026

    Tech Companies Land at Las Vegas Eager to Show AI Transformation

    Tech Giants Are Racing to Embed A.I. in Schools Around the Globe

    Kara Swisher on the Blind Spot That Broke Big Tech

    Bezos, Catz, Dell Cashed Out Billions as Top Insider Sellers of 2025

    Threat of California Billionaire Tax Draws Criticism From Ultrawealthy

    The Condo Market Hasn’t Been This Bad in Over a Decade

    The Year of the $100 Million House

    BYD Hits Sales Goal, Set to Topple Tesla as Biggest EV Maker

    Tesla Closes Out Brutal Year in Europe With Sales Declines

    The Year the Newsletter Business Reached a Fever Pitch

    List of Companies Laying Off Employees in January

    Ozempic Users Actually Spend More Dining Out. Smart Restaurants Are Adapting

    How Kraft Heinz Lost Its Lock on Mac and Cheese—and American Shoppers

    The World Cup Is Nike’s to Lose Versus Adidas

    Can the Most Indebted Team in Global Soccer Fix Its Finances?

    Repeat Moviegoers Help Hollywood Eke Out a Slightly Better 2025

    Be sure to follow me on Twitter.

  • Morning News: January 1, 2026
    Posted by Eddy Elfenbein on January 1st, 2026 at 7:08 am

    South Korea’s Exports Stronger Than Expected in December; Set Annual Record in 2025

    China Calls EU Carbon Border Tax Unfair, Warns of Counter-Moves

    How Japanese Scallops Became a Pawn in Diplomatic Tensions With China

    US Sanctions Chinese Companies, Tankers With Venezuela Links

    Trump Delays New Tariff Hike on Furniture, Kitchen Cabinets

    Trump Abandons National Guard Push in Chicago, LA, Portland

    The Year America’s Economic Edge Evaporated

    There Is a Way Out of This Mess

    Dollar Posts Worst Year Since 2017 With More Fed Cuts Expected

    US Stocks Slouch Into Year End With No Sign of Santa Claus Rally

    Crypto Soared in 2025 — and then Crashed. Now What?

    Year End Sees Record Borrowing from Fed’s Standing Repo Facility

    Bridgewater’s Flagship Pure Alpha Surges 33% in 2025, Outperforming Biggest Hedge Fund Peers

    These Are the ETFs to Watch in 2026

    Warren Buffett Officially Retires as Berkshire Hathway’s CEO

    The $358 Billion Question for the New CEO of Berkshire Hathaway

    Clairvoyance Is Great for Hedge Fund Returns

    Mortgage Rates at 2025 Low Give Homebuyers Momentum in New Year

    Technology Can Help Us Lead More Moral Lives — If We Let It

    The US-EU Rift Over Social Media Rules Will Only Get Wider in 2026

    Tesla Sales Outlook Darkens Despite Musk’s Self-Driving Euphoria

    The Price Honeybees May Pay for Biofuel

    Think 2025 Was a Big Year for Health News? Fasten Your Seat Belts

    Hasbro’s Secret Weapon for Training Its Next Leaders: A Board Game

    You Can Now Hire Someone to Return All Those Unwanted Gifts

    Repeat Moviegoers Help Hollywood Eke Out a Slightly Better 2025

    The ‘Stranger Things’ Finale Is the Escapism We Need

    Be sure to follow me on Twitter.

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  • Eddy ElfenbeinEddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His Buy List has beaten the S&P 500 over the last 20 years. (more)

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