Morning News: February 23, 2026
Posted by Eddy Elfenbein on February 23rd, 2026 at 7:05 am

Christine Lagarde Isn’t Done Trying to Fix Europe

EU Set to Halt US Trade Deal Approval Over Trump Tariff Risk

The Supreme Court Blocks President Trump’s $18 Trillion Fairy Tale

Trump Lost on Tariffs, but Trade Will Never Be the Same

The Supreme Court’s Tariff Ruling Doesn’t Solve the Problem

Tariff Ruling Brings Little Comfort Overseas

They Did Deals With Trump to Get Lower Tariffs. Now They Are Stuck.

Trump’s Challenge to Free Market Capitalism

Tariffs Are a Wild Card for the Economy Again

What to Know About Trump’s New Tariff

Why Tariffs Aren’t Shrinking the U.S. Trade Deficit

The Gold Price Mirrors Voter Unease That Politicians Blithely Ignore

Gold-Like Swiss Franc May Surge 17%, Morgan Stanley’s Adams Says

The AI ‘Scare Trade’ Is Healthy for the Stock Market

AI Is No Excuse for the Fed to Cut Interest Rates

Blue Owl Anxiety Rattles the $1.8 Trillion Private Credit Market

Private Equity’s Dry Spell Now Worse Than 2008 Crisis, Bain Says

US Battery Market to Grow Despite Policy Headwinds, Report Says

Corporate America’s New Slogan: Make More, Pay Less

America’s Energy Bills Are Soaring. The Pain Is No Longer Just for the Poor.

It’s a Buyer’s Market, but Homeownership Eludes Many Americans

The Fundraising Tactic AI Startups Are Using to Juice Valuations

‘A.I. Literacy’ Is Trending in Schools. Here’s Why.

At This Newark School, A.I. Lessons Are the New Drivers’ Ed

AI Anxiety Has Found Its Way to Real-Estate Brokers

Meta Rakes It In, Yet Still Borrows Billions for AI

Tech Companies Are Making Their Robots Cute to Try to Win Over Humans

Gilead to Buy US Biotech Arcellx for Up to $7.8 Billion

Novo Next-Generation Obesity Shot Falls Short of Lilly Rival

Johnson Matthey Lowers Price of Unit Being Sold to Honeywell to $1.8 Billion

Americans Can’t Quit Steak, No Matter the Cost

Domino’s Revenue Rises on U.S. Same-Store Sales Growth

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Morning News: February 20, 2026
Posted by Eddy Elfenbein on February 20th, 2026 at 7:03 am

India Builds a Fossil Future One Coal Plant at a Time

Anglo American Halves Value of De Beers Diamond Business

Trump and Indonesia Sign Trade Deal, Locking in 19% Tariffs

Jittery Markets Seek an Iran ‘Off-Ramp’

Investability Will Define Saudi Arabia’s Next Market Phase

Eurozone Business Activity Picks Up Faster Than Expected

Eurozone Wages Growth Slowed Last Year Despite Low Unemployment

US Poses Greater Security Threat Than China, Canadians Say in Poll

11 Million Visitors Short: Inside America’s Continuing Tourism Slump

In 2025, Trade Deficit in Goods Reached Record High

New US Debt Projections Put Spotlight on the ‘Doom Loop’ Scenario

Why the Federal Deficit Is Projected to Surge, in Five Charts

Mixed Signals Churn Stock Market Despite Recent Highs

How Jerome Powell Is Trump-Proofing the Fed

Can an A.I. Productivity Boom Clear a Path for More Rate Cuts? Trump’s Fed Pick Thinks So.

Stablecoins and Credit: What the Debate Is Missing

JPMorgan Says Trump’s $5 Billion Suit ‘Fraudulently’ Includes Dimon

Blue Owl Sets Off New Private Credit Fears

How Private Equity Debt Left a Leading VPN Open to Chinese Hackers

Goldman’s Petershill Seeks $5 Billion for More Private Stakes

How the White House Is Turning a Win on Crime Into a Loss

Even If Social Security Were Going Bankrupt (It’s Not), Retirees Wouldn’t Care

DEI Rules That Changed Corporate Boards Are Vanishing

Amazon Is Now America’s Biggest Company. Its 17-Year Journey to Surpass Walmart.

America’s Human Capital Is Eroding

This AI Electricity Stopgap Needs a Big Caveat

NASA Boss Blasts Starliner Mission That Left Astronauts in Space for Months

South Africa Cattle Virus Response in ‘Shambles’ Says Dairy Firm

The Beef Industry Has a Message for Consumers: Get Used to High Prices

Some Reese’s Treats Drop the Milk Chocolate. Mr. Reese Disapproves.

Starbucks Needs You to Buy an Afternoon Refresher

She Bet on K-Pop. Netflix Got Its Biggest Movie Ever.

How a Century-Old Rule Is Scrambling Late-Night TV

Live Nation Reports Growing Annual Concert Attendance as Federal Antitrust Trial Looms

The Dodgers Are Annoying, Greedy—And Good For Baseball

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Morning News: February 19, 2026
Posted by Eddy Elfenbein on February 19th, 2026 at 7:07 am

Ousted Korean President Yoon Gets Life Term Over Martial Law Bid

Andrew Mountbatten-Windsor Has Debts to Pay

Donald J. Trump International Airport? The President’s Company Trademarked It.

Trump Mulls a North American Trade Pact Without Canada

Macron Is Setting Up a G-7 Showdown With Trump Over Social Media

The ‘Board of Peace’ Is an Ego Trip

JPMorgan In Talks to Bank for Trump’s Board of Peace

Here Are Trump’s Options If the Supreme Court Says His Tariffs Are Illegal

Japan May See Upheaval of Funds when BOJ Hikes Rates to 1%, Economist Says

Digital Euro to Cost EU Banks 4-6 Billion Euros Over 4 Years, ECB Estimates

Inflation Is Down, But Americans Still Feel an Affordability Squeeze

The Senate Is Legislating Reduced Credit, Benefits and Security

How MAGA’s Census Fight Would Reshape Political Power

Klarna Reports Loss as More Money Set Aside for Souring Loans

Steve Cohen’s $3.4 Billion Payday Tops Hedge Fund Ranks

Top Lawyers’ Fees Have Skyrocketed. Be Prepared to Pay $3,400 an Hour.

Ohio’s Tax Tactics Threaten Investment, Jobs, & Constitutional Principles

Private Equity Targets Clean Energy After Steep Drop-Off in 2025

The White House Is Too Sure About Iran and Oil Prices

Big Oil Is Struggling to Find the Next Guyana

Stock Slide and Slow Sales: What’s Happening in China’s E.V. Market?

Tesla and California Both Back Down in Spat Over Autopilot

Uber, Latest Victim of Disruption Panic, Still Has Role in Robotaxis

Uber Moves to Enact Stricter Background Checks for Drivers

Money Talks as India Searches for Its Place in Global A.I.

OpenAI Funding on Track to Top $100 Billion in Latest Round

Ring’s Founder Knows You Hated That Super Bowl Ad

Mark Zuckerberg Grilled on Usage Goals and Underage Users at California Trial

In First Since WWII, Navy to Hire Company to Oversee Shipbuilding Project

Deere Profit Sinks as Tariffs Weigh on Margins

Walmart Sales Climb, Driven by Grocery and Online Gains

Walmart Expects Growth Streak to Continue as New Chief Takes Over

Kids Want Cheap Stuff, and Lots of It. Five Below Delivers

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Morning News: February 18, 2026
Posted by Eddy Elfenbein on February 18th, 2026 at 7:04 am

Trump Hails Japan’s First Batch of U.S. Investments

How the World’s Most Boring Market Became a ‘Battlefield’

Lagarde Reported to Consider Early Exit

ECB’s Lagarde Hasn’t Made Decision on Finishing Term

Warsh May Want a Smaller Fed Balance Sheet, But That’s Hard to Achieve

UBS Lifts Forecast for Big Tech Bond Sales This Year

Goldman Sachs to Drop D.E.I. Criteria for Board Members

Berkshire Cuts Amazon Stake, Makes Bets on New York Times

Meet the New FTC Boss, Same As the Old FTC Boss

Kalshi Dealt Major Setback in Court Fight to Remain in Nevada

Wealth Creation Is Not An Act of War, Opposite What You’re Told

The 401(k) Takeover: Private Equity Muscles In on Retirement

College Graduates Are Down But Not Out in the Job Market

Californians Deserve Better Than Economic Fairy Tales

One Year of RFK Jr. Has Left Public Health Devastated

Inside the Black Box of Prescription Drug Pricing

Could China’s Manufacturers Shift Output to the US? Japan Did It

Steel Dynamics, SGH Raise BlueScope Steel Takeover Bid to $11 Billion

Russia Cuts Oil Drilling as Money Dries Up, With Output at Risk

The Fossil Fuel Tycoon Teaming Up With the Rockefellers to Fight Energy Poverty

Texas Oil Drillers See Salvation in Data Centers

Apple Decouples From Nasdaq as AI ‘Whack-a-Mole’ Grips Market

Private Credit Should Worry About a Singularity in Software Debt

OpenAI, Anthropic Deals Power Abu Dhabi’s $100 Billion AI Bet

Anthropic’s Altruism and Strategic Interest: Aligned Too Neatly?

Online Shopping Could Be AI’s Next Victim

How a Social Media Addiction Trial Threatens Big Tech

Pritzker Pitches Illinois Social-Media Fee as Deficit Looms

Amazon Fends Off Blowback for Ring’s Search Party Tool

Paramount’s New Chance to Win Over Warner Bros. Discovery

Bayer Agrees to Pay $7.25 Billion to Settle Roundup Lawsuits

A ‘Boneless Wing’ Needn’t Come From Wing Meat, Judge Rules

Gen Alpha Is Helping Revive China’s Struggling Malls

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CWS Market Review – February 17, 2026
Posted by Eddy Elfenbein on February 17th, 2026 at 7:23 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.”)

Inflation Comes in Lighter than Expected

The stock market rallied for the second day in a row, although it was a modest gain (+0.10). The S&P 500 is still a little below its 50-day moving average. Growth stocks had another good day today. Apple was up over 3%.

Transportation stocks continue to do very well. Shares of FedEx hit a new 52-week high. Amazon snapped a nine-day losing streak today. Over that time, the company lost $450 billion in market value.

In 2020, the stock market peaked on February 19th. That’s when Covid hit. In a little over one month, the S&P 500 lost one-third of its value. Last year, the market peaked again on February 19th. This time the S&P 500 lost 19% in just seven weeks.

I don’t know what to expect on this February 19, but I’ll note that Walmart is scheduled to report its earnings on the morning of February 19. In my opinion, WMT’s earnings report is probably a better gauge of consumer spending than a handful of government reports. The company averages about $1.3 million in revenue every minute of every day 24/7.

This morning, shares of Walmart hit a new 52-week high, but the shares later pulled back. By the closing bell, WMT was down 3.8% for the day. For this earnings report, Wall Street expects earnings of 73 cents per share. That’s up from 66 cents per share one year ago.

On Friday, the government released a very encouraging inflation report. According to the report, inflation in January was less than expected.

Over the last year, headline inflation increased by only 2.4%. That’s down 0.3% from the prior report. It’s also the lowest 12-month inflation number since last May. For the month, consumer prices rose by 0.3%. That was 0.1% less than expected.

Here’s a look at the recent 12-month inflation data:

If we exclude food and energy, then the core rate of inflation is running at 2.5% over the last 12 months. That’s the lowest 12-month core rate in nearly five years. For the month of January, core inflation was 0.3% which was in line with expectations.

We have moderating shelter costs to thank for most of the good inflation news.

Though the category accounted for much of the CPI gain, shelter costs rose just 0.2% for the month, bringing the annual increase down to 3%. Shelter makes up more than one-third of the CPI.

Elsewhere, food prices increased 0.2% as five of the six major grocery group categories posted gains. Energy fell 1.5% while vehicle prices also were muted, with new vehicles up just 0.1% and used cars and trucks falling 1.8%. Airline fares jumped 6.5% while egg prices fell 7% and are now down 34% over the past year after a meteoric surge.

What does this mean for the Fed and interest rates? In the short-term, probably nothing. Traders see a very small likelihood that the Fed will lower rates in March or April. After that, there seems to be a growing consensus that the Fed will start cutting again at the June meeting. Of course, this would be after Jerome Powell heads out of town.

The Fed’s job is to aim for low inflation and full employment. The first part doesn’t concern me so much, but the second part does. Last week’s jobs report wasn’t bad, but we can’t escape the fact that the economy has only averaged a gain of 15,000 new jobs per month. That’s not going to cut it.

Let me add a few cautionary notes to this data. The partial government shutdown may have impacted some of the recent data. We also haven’t seen the full impact of the tariffs just yet. We also haven’t seen the inflation that many economists had expected but that could be waiting for us in a few months. Also, used car prices were a big drag on headline prices. Additionally, prices for services like airline tickets remain high.

On Friday, we’re finally going to get the Q4 GDP report, and some folks are expecting good news. The report had been delayed for several months. The GDP report, along with other reports, is creating a “data deluge” that markets are watching closely.

The consensus on Wall Street is for Q4 GDP growth of 2.8% to 3%. Please note that that’s the annualized inflation-adjusted figure. For Q3, the economy grew by 4.4%.

The New York Fed’s Staff Nowcast pegs Q4 growth at 2.7%, with a 50% chance of it coming in between 1.6% and 4.0%. The Atlanta Fed’s GDPNow model currently expects Q4 GDP growth of 3.7%.

One of the big questions I have is how strong was consumer spending. I sense that consumer spending slowed down some as we headed into the holiday shopping season.

We’re starting to head towards the back end of earnings season, and overall, this has been a very good earnings season for Wall Street. So far, 74% of companies have reported earnings, and of those, 74% have topped Wall Street’s earnings forecasts.

That “beat rate” largely aligns with the average beat rate of 76% over the last 10 years. Earlier in the earnings season, the beat rate was running a little higher.

The year-over-year earnings growth rate is currently running between 13.2% and 13.6% which is quite good. Another 57 companies are due to report this week, so these numbers are subject to chance. The important takeaway is that Corporate America is still profitable despite issues like tariffs and the government shutdown.

For Q1, Wall Street currently expects earnings growth of 11.1%, and revenue growth of 8.7%. If there are any cracks in the economy, businesses aren’t showing it.

Stock Focus: Church & Dwight

One stock I love to follow is Church & Dwight (CHD). Sure, it’s a little boring, but you really can’t go wrong with condoms and baking soda. The company owns several household products brands.

CHD is one of those stocks that’s rarely mentioned even though it’s been a massive winner over the years. Since 1996, CHD is up about 85-fold. That’s an average of 16% per year, and it’s lapped the S&P 500 (in green) several times.

Again, there’s nothing fancy here. These are the folks who make OxiClean.

Lately, however, CHD hasn’t been that great of a stock. Today it trades about 10% above its 2020 peak (cleaning product companies rallied strongly during the earlier days of Covid). Last year, was not a good one for CHD. The stock lost about 25% from its March high to its October low. To be fair, a lot of defensive stocks did not do well.

Since the start of this year, Church & Dwight has been in rally mode. The shares are already up 20% this year. CHD went from being a stock that could do nothing right to one that could do nothing wrong.

In January, CHD reported Q4 earnings of 86 cents per share. That beat estimates by two cents per share. For the year, CHD made $3.53 per share. The stock rallied 6% over two days following the report.

CHD also bumped up its dividend by 4%. This is the 30th year in a row that CHD has increased its dividend.

The company also said it expects to see earnings growth for 2026 of 5% to 8%. That works out to earnings of $3.71 to $3.81 per share. Assuming that’s accurate, that gives the stock an earnings multiple of 26 to 27.

As much as I like Church & Dwight, I’d prefer to see it at a better price. Say $85 to $90. Still, this is one to keep an eye on.

That’s all for now. We still have lots more earnings this week. The Q4 GDP report will finally be out on Friday. I’ll have more for you in the next issue of CWS Market Review.

– Eddy

Morning News: February 17, 2026
Posted by Eddy Elfenbein on February 17th, 2026 at 7:08 am

Putin Doesn’t Want Peace. He Wants More Time

Putin Swaps Cash for Crosses in Bid for African Influence

The Five Best Books for Understanding Trump’s Dreams of Empire

The Quiet Architect of Trump’s Global Trade War

Cuba Suspends Annual Cigar Festival as U.S. Oil Blockade Deepens Energy Crisis

Goldman, Nasdaq CEOs to Headline Mar-a-Lago Crypto ‘Forum’ Hosted by Don Jr. and Eric Trump

Australia Shows Why Weak Productivity Is the New Inflation Problem

Global Private Equity Firms Bowled Over by Indian Cricket League IPL

Josh Kushner’s Thrive Capital Raises $10 Billion in New Funding

Activist Jana Builds Stake in Payments Business Fiserv

I Chase Credit-Card Points. Bilt Changed My Mind.

America Has a Terminal Case of Fiscal Paralysis

The Affordability Crisis Can Now Add Wages to the Mix

Warsh May Want a Smaller Fed Balance Sheet, But That’s Hard to Achieve

Trump Sought Vast Budget Cuts. Congress Granted Few.

A Case for Early Social Security Invested In Gold

Rising Inequality Is Great. Its Downside Is Bigger Government

Washington, Not Wall Street, Is the Real Housing Problem

How Real Is a $1.6 Trillion AI Backlog?

Many Consumer Electronics Manufacturers ‘Will Go Bankrupt or Exit Product Lines’ By the End Of 2026 Due to the AI Memory Crisis, Phison CEO Reportedly Says

India Eyes $200 Billion in AI Investments Over Two Years

India’s Solar Manufacturing Excesses Turn a Boom Into a Glut

The US Is Beefing Up Its Nuclear Power Supply Chain

Portland General to Buy PacifiCorp’s Washington Assets for $1.9 Billion

Warner Reopens Talks With Paramount After Sweetened Offer

Vaccine Makers Curtail Research and Cut Jobs

Should Drug Companies Be Advertising to Consumers?

Danaher Strikes $10 Billion Deal for Masimo

Jeep’s Owner Has a $17 Billion Reliability Problem

NAPA Owner Genuine Parts Plans to Split Into Two Companies

Madison Avenue Is in Crisis. Midwestern Ad Agencies See an Opportunity.

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Morning News: February 16, 2026
Posted by Eddy Elfenbein on February 16th, 2026 at 7:07 am

Diplomatic Feud With China Weighs on Japan’s Economy

Europe’s Flagship Climate Tool Tests Political Limits

Trump’s Coal Renaissance Comes at Cost for Taxpayers

Trump Administration Ends Credit for Start-Stop Feature in Vehicles

Trump’s Broad Use of Metals Tariffs Starts to Backfire, Requiring a Rethink

One of Big Oil’s Biggest Defenses Is Getting Blown Up

A Huge Bet on Supertankers Reverberates Through the Oil Market

The Oil Market Is Trading on Bearish Vibes — for Now

Visa’s Olympics Monopoly Highlights Europe’s Payment Headache

Trump’s New World Order Is Pushing Sweden to Warm Up to the Euro

A US Hedge Fund Has Made a Risky Bet on the London Stock Exchange

America’s Statistical System Is Breaking Down

Predicting Next Crash Made Harder as Private Markets Obscure Data

Farmers Are Aging. Their Kids Don’t Want to Be in the Family Business.

The Break Is Over. Companies Are Jacking Up Prices Again.

From Hyatt to Holiday Inn, America’s Free Hotel Breakfast is Facing a K-shaped Economic Threat

Want a Mortgage for Under 3% in 2026? Meet the ‘Assumable Mortgage’

America’s Most Powerful CEOs Are Awfully Quiet Lately

What C.E.O.s Are Worried About

Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger

Will 2026 Be the Year of the ‘Soonicorn’?

Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis

Fund Beating 99% of Peers Sees Few Software Firms Surviving AI

Working in A.I. Lifted Their Compensation. Now They Want Prenups

Meta Is Wrong to Try to Sneak Into Privacy Intrusion

Musk Is Beating China’s 203,000 Paper Satellites

Musk Merger Puts New Twist on X as Everything App

Warner Bros. Weighs Reopening Sale Negotiations With Paramount

I Trusted Jeff Bezos. The Joke’s on Me.

How a Trump Tax Break Rescued Horse Racing

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Morning News: February 13, 2026
Posted by Eddy Elfenbein on February 13th, 2026 at 7:03 am

Europe Rethinks Nuclear Weapons After US Delivers Reality Check

Europe Worries Trump Poses Threat to Its Financial and Tech Sovereignty

Americans Are Paying the Bill for Tariffs, Despite Trump’s Claims

Trump Trade Team Working to Narrow Scope of Metals Tariffs

SALT Cap Boost in Trump Tax Bill Supersizes New Yorkers’ Refunds

Why China Is Retreating Further From US Treasuries

A 10% Rate Cap Would Force AI Reckoning for Banks

Goldman’s Kathryn Ruemmler Wore Out Her Welcome

Krugman: Making America Stagnate Again

Nosebleed Home Prices Are a Brilliant Signal, Not a Call for Policy

Meet the Former Karaoke Company That Sank Trucking Stocks

Crab Heist Puts Spotlight on Surge of Cargo Thefts

Detroit Automakers Take $50 Billion Hit as EV Bubble Bursts

Amtrak Is Revamping Its Run-Down Fleet. Check Out the New Trains.

Cuba Is Struggling to Keep Lights On Amid Trump’s Oil Blockade

Venezuela’s Natural Gas, Not Oil, Might Be a Big Early Prize

Iran Turns to Digital Surveillance Tools to Track Down Protesters

El Paso Incident Highlights Gaps in America’s Drone Defense Industry

Trump’s Actions Test the Fragile World of Air Travel

China’s Rising AI Billionaires

Nvidia’s Upstart Rivals See Cracks in AI Chip Market Leader’s Dominance

Meta Plans to Add Facial Recognition Technology to Its Smart Glasses

Tesla Is the Odd Man Out in the Magnificent Seven

Grok Fakes Are Digital Assault. Make It a Crime

Kennedy Allies Target States to Overturn Vaccine Mandates for Schoolchildren

Failure to Limit Healthcare Costs Will Lead To Tough Decisions

The Happy Death of Manipulative Marketing

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

Europe’s Depleted Natural Gas Tanks Spur Energy Security Worries

Coal Power Will Need More Than the Army to Pull Off a US Revival

A Nuclear-Power Startup Says It Can Rouse the Slow-Moving Industry

Global Trade Is Leaving the US Behind

Trump’s Trade Deal With India Has Become a Headache for Modi

Trump Rebuked Over Canada Tariffs as Midterm Anxieties Grow

States Say No Thanks to Trump Tax Cuts, Drawing Republican Fire

Who’s Watching Malaysia’s Anti-Corruption Watchdog?

‘A Big, Beautiful Deal’

Emerging Market Stocks Rally for Fourth Day, Led by Korean Tech

The Unsung Economic Boost Brought by Full Expensing

Warsh May Not Be the Hawk Wall Street Expects

Bank CEOs Oppose the CLARITY Act, But Savers Shouldn’t

The Trump Administration Wants White Men to Claim Discrimination. This Is What Happens When They Do

Unaffordable Housing Impacts How Americans Consume, Work and Invest

Maybe America Needs Some New Cities

What Sweeping Revisions and a Blowout Month Tell Us About the U.S. Job Market

Healthcare Jobs Have Become the Engine of America’s Labor Market

Without Reform, Healthcare Will Swallow the Federal Budget

In Kentucky, People Blame Ford More Than Trump for Lost Factory Job

Stuck With an Empty Factory, Ford Seeks a New Market

CarMax Taps Hotel Veteran to Lead Turnaround

Nuveen to Buy UK Asset Manager Schroders in £10 Billion Deal

The Fortune 500 CEO Who Puts a Premium on Pain and Suffering

Anthropic Pledges $20 Million to Candidates Who Favor AI Safety

Founders Fund, D.E. Shaw, Dragoneer Among Co-Lead Investors in Anthropic Deal

AI Can Be Transformational and Still Be a Bubble

Salesforce and Friends Deserve This AI Squeeze

US Decides SpaceX Is Like an Airline, Exempting It from Labor Relations Act

Dr. Oz Is Not the Retirement Guru America Needs

The Making of MAHA’s Biohacking King

Novo Set to Make Wegovy Pill in Ireland for Markets Outside US

Sales at McDonald’s Rise, Driven by Value Meals and Grinch Socks

The Legal Weed Business Is Booming. Bank Access Isn’t

It’s a Grocery Store, but Selling Food Isn’t the Point

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Morning News: February 11, 2026
Posted by Eddy Elfenbein on February 11th, 2026 at 7:05 am

What It’s Like to Be a Banker in Russia During Wartime

NATO Launches Arctic Mission After Trump’s Greenland Threats

I Just Returned From China. We Are Not Winning.

Trump’s Gunboat Diplomacy Hands China a $55 Trillion Economic Edge

Trump Wants to Revive Shipping. Investors Are Slow to Back Him.

Trump’s Racist Post Was Harmful. His Policies Are, Too

The US Government’s Brain Drain Has Reached Alarming Levels

Trump Privately Weighs Quitting USMCA Trade Pact He Negotiated

Europe Needs to Learn Its Lesson: Stop Relying on Imported Energy

Elliott Takes Stake in London Stock Exchange Owner

Will Bessent or Warsh Be the Scapegoat If the Dollar Falls?

What a Weaker US Dollar Means for the Economy

The U.S. Bond Market is Suddenly Flashing a Warning Sign About the Economy

US 10-Year Yield Touches Five-Week Low Before Delayed Jobs Data

Unemployment Rate in Focus as Fed Considers When to Restart Rate Cuts

Big Revisions Could Alter Jobs Picture

Sahm: A Year With No Jobs—But No Recession

Thousands of Amateur Gamblers Are Beating Wall Street Ph.D.s

Drug Cartels Are Shifting Their Money Laundering to Crypto. Cops Can’t Keep Up

Private Equity Wants In On Your 401(k). This Lawyer Is Ready to Fight

New York Fed: Consumer Delinquencies Hit Highest Level in Nearly a Decade

Debit and Credit Card Price Controls Unfairly Hurt Minorities

Trump Decries a ‘Nation of Renters’ but His New Policy Promotes One

Who’s On the Other Side of the Big AI Selloff?

Amazon and Google Crush the ‘Quarterly Capitalism’ Myth

American Airlines Is Struggling, and Its Crew Members Have Lost Patience

Ford Says Electric Vehicle Losses Will Continue for 3 More Years

Hands-Free Driving Systems Confuse Drivers, but Carmakers Push for More

Uber Pushes Back on the Robotaxi Skeptics With a Loud Advocate at the Top

New Kraft Heinz CEO Pauses Split to First Improve Results

Fibermaxxing Is a Diet Trend Even Nutritionists Can Love

The Whiskey World Is Reeling, but This Company Has Bigger Troubles

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