Morning News: December 9, 2025
Posted by Eddy Elfenbein on December 9th, 2025 at 7:02 am

Japan Builds Up ‘Missile Archipelago’ Near Taiwan to Counter China

Russia’s Threats Put Europe’s Borderlands on Edge

Russia’s Oil Tanker Logjam Crushes Prices Even as Exports Surge

China’s Manufacturing Is Booming Despite Trump’s Tariffs

Trump Insists Tariffs Will Buoy the Economy. For Now, He’s on Damage Control.

An Unusually Divided Fed Is Expected to Deliver a Rate Cut

Options Traders Bracing for Wild Stock Trading Off Fed Decision

Investors’ Bearishness Is Often Overdone — But Their Market Bubble Fears May Be Spot-On

US Private Credit Defaults to Ease in 2026, but Fragility to Persist, Says BofA

Peter Bauer Would Understand the Danger of Balanced Budgets

Supreme Court Is Asked to Take Another Ax to Campaign Finance Limits

Trump’s Handouts Put Billionaires First and Americans Last

Trump Says U.S. Will Allow Nvidia H200 Chip Sales to China, Get 25% Cut

How Much Could China Gain From Access to Powerful Nvidia Chips?

Trump’s Nvidia Shift Hands Xi an Opening on Security Curbs

Ford and Renault Team Up in Europe to Compete Against Low-Price Chinese Cars

Federal Judge Finds Trump’s Halt on Wind Energy Is Illegal

America’s Biggest Power Firm Pivots Hard to Its Next Era

Four Reasons Why the Boat Strike Debate Matters for the US

How Trump Pushed US Park Rangers to the Breaking Point—and a Union Drive

The Ambition Gap Is Growing

Regulators Shouldn’t Meddle With Netflix’s Warner Bros. Purchase

Paramount Made a Hostile Bid for Warner After Netflix Deal. What Happens Next?

Behind Paramount’s Relentless Campaign to Woo Warner Discovery and President Trump

EssilorLuxottica Director Says Meta’s Stake in Ray-Ban Maker ‘At Least 3%’

Apple’s Slow AI Pace Becomes a Strength as Market Grows Weary of Spending

These Travel Influencers Don’t Want Freebies. They’re A.I.

Same Product, Same Store, but on Instacart, Prices Might Differ

Now Cracker Barrel Diehards Think the Food Isn’t Up to Scratch, Either

BAT Sets Out $1.73 Billion Share Buyback, Backs 2025 Targets

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Morning News: December 8, 2025
Posted by Eddy Elfenbein on December 8th, 2025 at 7:06 am

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

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

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

The Many Faces of Abu Dhabi’s Trillions

Your Holiday Gift Contains a Lump of Tariffs

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

The Federal Reserve System Returns To Profitability

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

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

How a Cryptocurrency Helps Criminals Launder Money and Evade Sanctions

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

The Nasdaq 100: Booms & Busts

Middlemen are Swallowing the Economy

America Gets Retirement Wrong. Can Vanguard Fix That?

JPMorgan Taps Todd Combs to Lead Security Investments Group

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

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

Coreweave Shares Fall on $2 Billion Convertible Notes Offering

States Are Raking In Billions From Slot Machines on Your Phone

Using SNAP as Leverage Was a Bad Idea the First Time

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

The Year of America’s Cranky Consumer

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

The Accounting Uproar Over How Fast an AI Chip Depreciates

Old Teslas Are Falling Apart

IBM Nears Roughly $11 Billion Deal for Confluent

Zuckerberg Isn’t Giving Up on His Metaverse Dream

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

Everybody in Hollywood Secretly Hates Netflix. So Now What?

Netflix Has a Huge Opportunity With the DC Studios Superheroes

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Morning News: December 5, 2025
Posted by Eddy Elfenbein on December 5th, 2025 at 7:03 am

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

The Ultimate Legal Fight Over Who Decides the Rules in America

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

The Moment for Gold and Alternative Bullion Investments Has Arrived

Private Credit Woes Should Put Banks on Notice

The Games Wall Street Plays Have Taught Them How to Win

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

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

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

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

Nvidia Has a Cash Problem — Too Much of It

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

Enthusiasm for OpenAI’s Sora Fades After Initial Creative Burst

Will Chatbots Break Our Brains—And Our Hearts?

Why We Can’t Quit Excel

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

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

Amazon Eyes Expanding Delivery Network After Talks with USPS Stall

Should Walmart Really Be Trading Like a Tech Company?

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

Equinor Makes North Sea Gas Discoveries

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

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

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

Southwest Cuts Profit Goal as Shutdown Upends Flight Travel

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

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

MAGA Billionaires Can’t Get Enough Testosterone

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

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

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Morning News: December 4, 2025
Posted by Eddy Elfenbein on December 4th, 2025 at 7:07 am

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

How to Get Russia’s Billions to Ukraine

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

Can Quality of Life Be a Superpower? Ask Finland

EU Presents Plans to Overcome Investment Hurdles Hampering Competitiveness

Bank of England Launches Stress Test of Private Equity and Credit

Why Silver Price Has Been Surging Even More Than Gold

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

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

Tariffs Are Making Rates Descent a Lot Trickier

Morgan Stanley Exec Expects Broad Surge in M&A

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

Bessent to Push New Residency Rule for Regional Fed Heads

Bessent Under Discussion to Also Lead National Economic Council

Amid Ongoing Attacks from Antitrust Ankle Biters, Business Evolves

Democrats Press Firms About Trump Ballroom Donations

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

The World Has More Billionaires Than Ever

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

Mayor Mamdani Unleashes the Wrath of Khan

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

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

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

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

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

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

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

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

How Impoverished People Selling Their Blood Fuels Drug Profits

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

Tired Americans Are Spending More Just to Avoid Chores

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

Cava Keeps No-Discounting Stance as Restaurant Deals Abound

But Who Is the Snake in ‘Zootopia 2’?

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Morning News: December 3, 2025
Posted by Eddy Elfenbein on December 3rd, 2025 at 7:10 am

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

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

Hegseth and His War Department Have Lots of Explaining to Do

Fed Pick Puts Pressure on Bessent to Deliver for Trump

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

Ahead of Tariff Ruling, Businesses Race to Secure Refunds

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

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

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

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

SEC Halts High-Leveraged ETF Plans in Warning Over Risks

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

Private-Credit Fears Are Based on Four Myths

Eli Weinstein’s Second Chances

The Puzzle Super Bowl

US Mortgage Rates Slide to 6.32%, Boosting Purchase Activity

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

Trump Promised Relief, Americans Got Higher Bills

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

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

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

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

YouTube Creators Find a New Consumer for AI Slop: Babies

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

Saudi Fund to Own Almost All of Electronic Arts After Buyout

US Shale’s Downbeat Executives Are All Talk

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

The World’s Plastic Problem Is Only Getting Worse

Smiths Group Shares Rise on $2.6 Billion Screening Unit Sale

Retailers Are Snatching Up Real Estate Again

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

San Francisco Sues Food Makers Over Ultraprocessed Products

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CWS Market Review – December 2, 2025
Posted by Eddy Elfenbein on December 2nd, 2025 at 8:17 pm

(This is the free version of CWS Market Review. If you like what you see, then please sign up for the premium newsletter for $20 per month or $200 for the whole year. If you sign up today, you can see our two reports, “Your Handy Guide to Stock Orders” and “How Not to Get Screwed on Your Mortgage.”)

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

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

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

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

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

Trump Appears to Favor Hassett for Fed Chair

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

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

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

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

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

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

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

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

Ninth Contraction in a Row for ISM

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

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

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

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

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

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

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

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

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

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

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

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

– Eddy

Morning News: December 2, 2025
Posted by Eddy Elfenbein on December 2nd, 2025 at 4:34 am

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

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

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

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

Australian Bond Selloff May Extend as Hawkish RBA Bets Emerge

Bank of England Warns Debt-Fueled Spending Boom Could Unravel

Hard-Nosed Sympathy Is Beating Up Bond Markets

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

Capitalism: Necessary, Moral Imperative

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

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

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

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

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

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

Think of College Like You Would a Junk Bond

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

Collect Social Security at 62 or Wait Until 70?

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

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

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

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

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

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

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

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Morning News: December 1, 2025
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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