Morning News: December 1, 2025
Posted by Eddy Elfenbein on 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
Posted by Eddy Elfenbein on 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
Posted by Eddy Elfenbein on 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
Posted by Eddy Elfenbein on 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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CWS Market Review – November 25, 2025
Posted by Eddy Elfenbein on November 25th, 2025 at 7:04 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.”)

The Federal Reserve meets again on December 10. Until very recently, it was looking like the Fed was ready to skip raising interest rates. That’s what the many Fed watchers and the futures market were thinking.

Then it all changed.

On Friday, John Williams, the top banana at the New York Fed, said the central bank should consider lowering rates at this upcoming meeting. This is a big deal because Williams is seen as being close to Chairman Jerome Powell. Also, the President of the FRBNY is the first among equals inside the Fed.

Now it looks like another Fed rate cut is ready to go.

What caused the change in sentiment? Williams said that he’s concerned about a weakening jobs market, and I have to agree with him. He’s also worried that any inflation from the tariffs could be persistent. The conventional wisdom appears to be that any inflation via tariffs will be transitory. I’m not so sure about that.

“My assessment is that the downside risks to employment have increased as the labor market has cooled, while the upside risks to inflation have lessened somewhat,” he said at an event in Santiago, Chile. “Underlying inflation continues to trend downward, absent any evidence of second-round effects emanating from tariffs.”

Mr. Williams affirmed that he still believes interest rates, which are in a range of 3.75 percent to 4 percent, are still “restrictive,” meaning they are weighing on economic activity. After two quarter-point cuts at the September and October meetings, the degree of restraint had lessened, but he said he still believed the Fed had room to reduce interest rates further to get to a “neutral” stance that neither revs up nor slows down growth.

“I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral,” he said.

At last look, traders see the odds of the Fed cutting again at near 85%. One week ago, the odds were at 42%. Whatever happens, I think there’s a good chance we’ll see a few dissents at the upcoming meeting. Under Powell, dissents have been rare.

Christopher Waller and Stephen Miran are clearly on the rate-cutting side of the debate. Miran, in fact, favorited cutting by 50 basis points at the last two meetings. There’s a good chance that Waller could replace Jerome Powell as Fed chair when the latter’s term is up in May. However, the conventional wisdom is that Kevin Hassett is President Trump’s top choice to lead the Fed.

Yesterday, the market responded with a nice, happy rally. As you might expect, all those High Beta names were in rally mode. Google and Tesla were both up by more than 6% and Broadcom closed higher by 11%.

The Nasdaq Composite was up more than 2.7% on Monday. The High Beta ETF was up more than 2.0% while the Low Vol ETF closed down 0.3%. In other words, the market sees lower rates as an excuse to party. I’m not so sure that’s the right take.

The fact is that there are a lot of reasons to be concerned about the state of the economy. Unfortunately, the government shutdown left us without recent economic data. Still, many signs are pointing to a slowdown.

On Tuesday, the Census Bureau said that retail sales rose by 0.2% in September. That was 0.1% less than forecast. But if we don’t include auto sales, the retail sales were up 0.3% which was in line with estimates.

Miscellaneous retailers saw a 2.9% increase on the month, while gas stations, owing to the higher prices, increased 2%. Sporting goods, hobby and music stores saw a 2.5% decline while online sales were off 0.7%.

Sales at eating and drinking establishments, an indicator of discretionary spending, increased a solid 0.7% on the month and were up 6.7% from a year ago.

Retail sales, which are adjusted for seasonality but not inflation, increased 4.3% from a year ago, ahead of the 3% CPI rate for the month.

We also learned that consumer confidence fell to its lowest point since April. The percentage of workers saying that jobs are “plentiful” fell to 6%. That’s down from 28.6% in October.

Home sellers are taking their houses off the market at the fastest pace in nearly a decade. Nearly 85,000 sellers took their homes off the market in September. That’s up 28% from last year.

We still have the problem of missing economic data. Unfortunately, that will take a few more weeks to fix. The next jobs report is due out on Tuesday, December 16. The CPI report will be out on Thursday, December 18 and the GDP report will be out on December 23.

Going into Tuesday, the market was able to extend its rally. The Dow closed up more than 660 points. The S&P 500 closed above its 50-day moving average. The rally was also broader as the S&P 500 Equal-Weighted Index closed higher by 1.45%.

The Healthcare and Consumer Discretionary sectors were especially strong today. Many of the more conservative stocks on our Buy List did well on Tuesday. For example, Mueller Industries (MLI), Cencora (COR) and Rollins (ROL) all made new 52-week highs today.

IES Holdings Soars 8.5%

In last week’s issue, I told you about IES Holdings (IESC). The company is an electrical contractor that provides design, build and maintenance services. The division offers service capabilities including constant presence, critical plant shutdown, troubleshooting, emergency service, testing, and preventive maintenance.

The stock has more than doubled for us this year.

IESC currently has a market value of $7.2 billion and about 9,400 employees. The company currently operates through four business segments: Electrical, Communications, Infrastructure and Residential.

Last Friday, IESC reported outstanding results for its fiscal Q4, and the shares rallied 8.5% on Monday. Revenue rose 16% to $898 million. Operating income was up 39% to $104.3 million, and diluted adjusted EPS was $3.77 compared with $2.61 one year ago.

For the whole year, IESC made $23.66 per share. That’s up from $9.56 per share last year. The outlook is bright for IESC. At the end of the quarter, the company had a backlog of $2.7 billion.

CEO Matt Simmes said, “Looking forward to fiscal 2026, we expect continued growth in our Communications, Infrastructure Solutions and Commercial & Industrial operating segments, which are positioned to benefit from continued strong demand, particularly in our data center end market.”

I’ll have more to say on IESC in our premium letter (you can subscribe here). If you’re not familiar with IES Industries, you can read the latest investor presentation here.

That’s all for now. The government’s econ reports may be out soon. Until then, several Fed officials will be speaking this week. I’ll have more for you in the next issue of CWS Market Review.

– Eddy

P.S. This got me a lot of hate but I was right.

pic.twitter.com/p8vncuTfFD

— Eddy Elfenbein (@EddyElfenbein) November 20, 2025

Morning News: November 25, 2025
Posted by Eddy Elfenbein on November 25th, 2025 at 7:05 am

China and Japan, With Trump in the Middle, Stoke an Existential Showdown

Norway’s Lesson for Europe on Wealth Taxes: Let Some Millionaires Go

Is Trump Right About the US Getting $21 Trillion in Investment?

Trump’s $21 Trillion Investment Boom Is Actually Short Trillions

$10 Billion and Counting: Trump Administration Snaps Up Stakes in Private Firms

Fed Chair Powell’s Allies Provide Opening for December Rate Cut

Fed’s Daly Backs December Rate Cut, Citing Vulnerable Labor Market

The Fed’s Tool for Calming Short-Term Funding Markets Is Being Tested

What I Learned Teaching Economics and Government Full Time

Kalshi Is Taking Aim at Stock Exchanges. Why Not?

Wall Street’s Macro Traders Eye Their Biggest Haul in 16 Years

If You’re Desperate, You Likely Don’t Have Much Debt

Pulte’s Move to Fix Credit Scores Is Bad News for Homebuyers

Justice Department to Settle Lawsuit Over Apartment Rental Pricing

Your Turkey Is Cheaper This Thanksgiving. That’s About It.

Trump’s Beef Price Battle Meets America’s Insatiable Demand

Republicans Need to Get Serious About Health Care

Park Service Union Movement Spreads to Grand Canyon, Joshua Tree

Petrobras CEO Scores Big Win, But Hasn’t Dodged ‘Electric Chair’

China’s Top Companies Focus on AI Agents as Next Battleground

AI Promised Magic, Then Wall Street Did the Math

Alphabet’s AI Chips, Gemini Model Position It to Rival Nvidia

How AI Can Help Reduce Wildfire Risks

What Is Agentic A.I., and Would You Trust It to Book a Flight?

Boeing Tackles Quality With a ‘War on Defects’

NASA and Boeing Scale Back Starliner Missions After Fumbled Astronaut Flight

Crime Rings Enlist Hackers to Hijack Trucks

VW Touts Up to 50% Reduction in Chinese EV Development Costs

Would You Like a New Car With That $8 USB Cable? Amazon Hopes So

This Sneaker Brand Keeps Raising Prices—and Consumers Don’t Seem to Care

France to Spend $150 Million Uprooting Vines as Wine Demand Dips

Tariffs and Strike Drive ‘Once-in-a-Lifetime’ Boost for Canadian Wine

Faux Jewels and Slimming Belts: Why Shopping on TikTok Is a Lot Like QVC

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Morning News: November 24, 2025
Posted by Eddy Elfenbein on November 24th, 2025 at 7:06 am

China Uses Japan Spat to Pressure World to Pick Sides on Taiwan

A Brief History of Enlightened Oppression

How Constitutional Limits Become Negotiable

Why Europe and the U.S. Are Still Haggling on Trade

Trade Chaos Causes Businesses to Rethink Their Relationship With the U.S.

How One German Toymaker Made Money Despite U.S. Tariffs

Banned Chinese Bond Tactic That Turns 8% Yields Into 16% Is Roaring Back

Bitcoin Funds Head for Worst Month as $3.5 Billion Pulled

Blockchain Is the Foundation of a Clearer Financial Future

The Next Winners in PE’s Big 401(k) Push: Million-Dollar Lawyers

Big Tech’s AI Debt Wave Is Threatening to Swamp Credit Markets

Treasury Secretary Says There Won’t Be a Recession in 2026

The Fed’s Not Ready to Channel Greenspan in Betting on Tech Boom

Everyone Is Talking About the ‘Affordability Crisis.’ It Can’t Be Solved.

The U.S. Is Not a Low-Tax Country Despite What You’ve Been Told

How the U.S. Economy Became Hooked on AI Spending

Blue Owl Is the Sum of All Investor Fears

Ray Dalio Says ‘Pod Shop’ Hedge Fund Model Is Unlikely to Last

The AI Industry Is Built on a Big Unproven Assumption

AI Is More Likely to Cause a Labor Shortage. Here’s Why.

Google’s Having the AI Build the UI in Latest Gemini Update

The Bad Reasoning in the Meta Antitrust Ruling Isn’t Even the Worst Part

The FTC Failed Against Meta Because It Misunderstands Dynamism

BHP Ends New Anglo Takeover Bid After Rejection

Blackstone-Backed Beacon Offshore Bets on US Gulf With New Wells

Hedge Fund Titan Has a Turnaround Plan (for the Carolina Panthers)

Inside Marriott’s Disastrous Bet on Short-Term Rental Company Sonder

Performance Food Group, US Foods Scrap Merger Talks

Why People Are Posting Fake Tales About Being Ghosted by Brands

Harley-Davidson Dealerships Are Shutting Down Across America: Here’s Why

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Morning News: November 21, 2025
Posted by Eddy Elfenbein on November 21st, 2025 at 7:03 am

Russian Oil Risks Being Stranded at Sea as US Sanctions Hit

Japan Announces $135 Billion Stimulus, NHK Reports, In Bid to Support Economy and Consumers

Top ECB Officials Urge EU To Remove Internal Barriers Amid Trump Tariffs

Mexico Economy Dipped Last Quarter, Fueling Recession Fears

Anxiety Over A.I. Spending Returns to Global Markets

Bitcoin Heading for Worst Month Since Crypto Collapse of 2022

Chinese Maker Behind Most of World’s Bitcoin Miners Has Been Focus of US National Security Probe

Close the Stablecoin Loophole Before We All Pay the Price

Berkshire’s Alphabet Buy Sure Doesn’t Sound Like Buffett

Founder of India’s Top Stock Broker Becomes a Billionaire

Watch Out, It’s More Economic Analysis From An Economist

The Fatal Conceit of Time Zones and Interest Rates

GOP Awaits Trump Direction on Health Care as Subsidy Spike Looms

Job and Housing Stresses Are Caught in a Vicious Loop

ICE Is Testing Charlotte’s Biggest Employers. They’re Failing.

Here’s What It Can Cost to Detain and Deport Just One Person

Air-Traffic Controllers With Perfect Shutdown Attendance to Get $10,000 Bonuses

The Godmother of AI Didn’t Expect It to Be This Massive

The New Billionaires Behind the AI Data Center Boom

Wall Street Chases AI Billions While Africa Tries to Join the Race

Morgan Stanley’s OpenAI Ties Show How Bank Reels in Hot Startups

Let’s Learn From Meta’s Antitrust Case What Not To Do With AI

Climate Summit Proposal Omits Plan for Exiting Fossil Fuels

The Dirty Secret of Biodegradable Plastic

VinFast’s Third-Quarter Loss Grows While EV Deliveries Jump

Obesity Drug Access Grows as Novo, Lilly Sell Direct to Employers

Cannabis Is In, Booze Is Out at This Year’s Thanksgiving Table

Why ‘Surveillance Pricing’ Strikes a Nerve

Netflix, Comcast and Paramount Submit Warner Bros. Discovery Bids

Telefónica Secures UEFA Broadcasting Rights in €1.5 Billion Deal

Marketers Are Quitting Corporations for Sports Teams. CMOs Who Made the Move Explain Why.

Cracker Barrel Investors Vote to Keep On CEO, but Send Message of Discontent

Superman Comic Sets Auction Record, Selling for $9.12 Million

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Morning News: November 20, 2022
Posted by Eddy Elfenbein on November 20th, 2025 at 7:08 am

Saudi Arabia’s Prince Has Big Plans, but His Giant Fund Is Low on Cash

Saudi Arabia, Once Shunned, Has Corporate Titans Swooning for Deals

A US Stand-Down Over Venezuela Is Still Possible

Cultural Confidence: The Missing Ingredient of Western Prosperity

The American Middle Class Is Shrinking, and That’s OK

Los Angeles Shows the Limits of the Affordability Message

Delayed Jobs Data to Give Snapshot of a Labor Market Under Stress

Holiday Hiring Slows, Frustrating Job Seekers

Fed’s October Rate Decision Fueled Pushback Over Possible December Cut

Why Are 3,900% Higher Deposit Levels a Priority?

BNP Raises Profitability Targets, to Launch $1.33 Billion Buyback

HSBC Overhauls Trading Business in Bid to Become Debt Powerhouse

Blue Owl Money Machine Sputters in Face of Private Credit Cracks

The Housing Strategy That Has California NIMBYs in a Corner

Nvidia’s Profit Jumps 65% to $31.9 Billion. Is It Enough for Wall St.?

Elon Musk Claims Money Won’t Exist in the Future (and Jensen Huang Would Like a Heads Up)

Larry Summers Resigns From OpenAI’s Board

Family Affair: Commerce Secretary’s Sons Cash In on A.I. Frenzy

Wall Street Wants Everyone Using AI Except Its Job Applicants

When Energy Is Done Right, a Rising Tide Will Lift All Boats

As Sanctions on Russian Oil Loom, India Prepares to End Its Buying Spree

This $1 Billion Nuclear Loan Is a Bad Look for Nuclear

Reducing Drug Costs Without Risking Patient Health

Abbott to Acquire Exact Sciences for $21 Billion

Walmart Reports Strong Sales Growth, Raises Outlook

Meta’s Dream of a Connected World Blocked at Red Sea

Verizon Begins Laying Off More Than 13,000 Employees

SharkNinja Built a $6 Billion Empire Selling Gizmos Nobody Needs

Bath & Body Works CEO Says Former Strategy Failed to Drive Growth

Weed Drinks That Get You Very, Very High Could Be Gone Soon

Major League Baseball Signs New Rights Deals With ESPN, NBCU and Netflix

Maasai Sue Marriott Over Ritz-Carlton Safari Camp

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Morning News: November 19, 2025
Posted by Eddy Elfenbein on November 19th, 2025 at 7:04 am

Singapore Woos Growth Firms with Plans to Make SGX-Nasdaq Dual Listing Easier

Where Will ‘America First’ Lead Us? The Answer From History: Nowhere Good

Trump’s Long-Shot Quest to Turn the Tide as the Asian Century Rolls On

Trump’s Warships Trigger Rally in Venezuela’s Defaulted Bonds

Raimondo Says Trump’s Tariffs Hard to Remove for Next President

Pharma Tariffs Would Result In Fewer, More Expensive Cures

There’s No Such Thing As a K-Shaped Economy

Fed’s Barkin Says Coming Data Will Guide December Meeting

What Fed Cut? US Repo Rates Still High as Liquidity Tightens into Year-End

The Growing Cost of Having Ties to Epstein

The World Is Failing Women and Children

JPMorgan’s Super-Sized Checks Are Blowing Away All Other Lenders

How Americans’ Nest Eggs Built a Private Equity Loan Revolution

Fintechs Don’t Require Government Handouts for Data Access

Nvidia and Walmart Could Ease Wall St.’s Jitters. Or Make Them Worse.

Nvidia Earnings Run Into a Market Suddenly Afraid of AI Spending

Nvidia Needs Investors to Party Like It’s Not 1999

Brookfield Targets $10 Billion for AI Fund in Nvidia Pact

China’s AI University Beats Out Harvard, MIT in Race For Patents

U.S. Backs $1 Billion Loan to Restart the Three Mile Island Nuclear Plant

Elon Musk’s xAI Is in Advanced Talks to Raise $15 Billion, Lifting Valuation

Europe’s Chip Dreams Confront Business Realities

Meta Did Not Violate Antitrust Law, Judge Rules

Adobe Nears $1.9 Billion Deal for Software Provider Semrush

Nexstar CEO Says Bigger Is Better in Pitch to FCC

Paramount Is the Only Logical Winner in the Three-Horse Race for Warner

Lowe’s Sales Rise, Boosted by Growth in Pro Builder Business

Target to Invest Billions to Upgrade Stores as Sales Slump Continues

TJ Maxx Owner Outperforms, Signaling More Frugal US Shopper

Ocado Misses Its Delivery Window With Kroger Setback

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