Morning News: August 5, 2025
Posted by Eddy Elfenbein on August 5th, 2025 at 7:06 am

Russia’s Secret War and the Plot to Kill a German CEO

White House Shouldn’t Let Putin Off the Hook Now

Israel’s Financial Markets Are Soaring Despite 22 Months of Brutal War

India Shifts to Damage Control After Trump Ratchets Up Threats

Swiss President Dashes to Washington in Attempt to Sway Trump

EU Continues to Press for Tariff Exemption on Wine, Spirits as Part of U.S. Deal

What’s the De Minimis Tariff Loophole and Why Is Trump Closing It?

Wall Street Bonus Pool to Grow as Stock Rally Defies Tariff Woes

Fed Voting Structure Raises the Bar for Trump’s Favored Rate

Trump’s Fed Pick Likely to Find Colleagues Cautious on Rate Cuts

Trump Says Bessent Doesn’t Want to Be Considered for Fed Chair

Trump Questions Discrimination Claims, Even One His First Administration Brought

Trump’s BLS Firing Tests Wall Street’s Reliance on Government Data

Real Strains Inside the BLS Made It Vulnerable to Trump’s Accusations

The Jobs Market Is Showing Signs of a ‘He-cession’

Earning More but in Worse Shape: Hardship Overwhelms Many American Families

Luckin’s Arrival In the U.S. Is Bad News For the Birthrate-Obsessed

Our President Is Economically Illiterate

Wharton’s ‘Collusion’ Paper Is Just How Markets Work

Global M&A Hits $2.6 Trillion Peak Year-to-Date, Boosted by AI and Quest for Growth

Norway’s Hedged Bet on Europe’s Energy Future: A Garbage Disposal for Emissions

In Battle to Save Sacred Land From Mining Giants, Apaches Hope for a Miracle

US Explores Location Trackers for AI Chips, Official Says

Taiwan Arrests Six in Probe of TSMC Chip Technology Leak

Palantir Surges on First $1 Billion Revenue Quarter

It’s Time for the DOJ to Declare Victory, Settle Google Lawsuits

On a YouTube Show, Making Machine Parts for Glory and $100,000

French Industry Gets Boost From Soaring Aviation Output

Harley-Davidson Names Topgolf Leader as New CEO

Pfizer Raises Profit View as Cost Cuts Offset Poor Sales Growth

Marriott Profit Beats Estimates, Fueled by International Hotels

Why Burgers Cost So Much Right Now

Yum Brands Earnings Miss Estimates as Pizza Hut, KFC Struggle in the U.S.

Molson Coors Cuts Outlook Again on Weak US Beer Demand, Tariffs

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Morning News: August 4, 2025
Posted by Eddy Elfenbein on August 4th, 2025 at 7:04 am

Turkish Inflation Keeps Edging Down as Central Bank Primes More Rate Cuts

Swiss Inflation Edged Higher in July

Trump’s ‘Slap in the Face’ Puts Neutral Switzerland in Trade-War Crossfire

What’s It Like to Deal With Brutal U.S. Tariffs? Ask Malaysia.

Trump’s Trade War Targets Data as the New Enemy

The Stock Market Just Got a Sobering Reality Check

Wavering US Consumer and Job Market Show Risks to Economy

American Consumers Are Getting Thrifty Again

The Fed Was Right to Say No on Interest Rates

Trump Fired America’s Economic Data Collector. History Shows the Perils.

Trump Seeks Bigger Overhaul at Labor Statistics Bureau, Adviser Says

Job Description — Find Better Numbers, or Else

Why Mortgage Lenders Are Ignoring Trump’s Rollback on Home Appraisal Reviews

Dudley: The Fed’s Under Siege. It’ll Be Just Fine

Brokerages Retain September Rate Cut Bets After Soft Jobs Report

UBS to Pay $300 Million to Resolve US Mortgage Securities Cases

Jane Street India Trades Show Blurry Line Between Arbitrage and Market Manipulation

OPEC Plus Will Increase Oil Output

OPEC+ Supply Finale Teases a New Mystery for Oil Markets

China Is Choking Supply of Critical Minerals to Western Defense Companies

Boeing Defense Workers Go on Strike

Electric Air Taxi Company Plans to Acquire a Helicopter Business

Silicon Valley Enlists in the Business of War

Amphenol Strikes Big Broadband Deal in AI Boom

Is It Still Disney Magic If It’s AI?

The 20-Somethings Are Swarming San Francisco’s A.I. Boom

What Happens to AI Startups When Their Founders Jump Ship for Big Tech

Harley-Davidson Names Topgolf Leader as New CEO

For a Few CEOs, Pay Keeps Growing—by the Billions

Tesla Awards ‘Good Faith’ Shares to Musk Worth $29 Billion

Lilly’s Push to $1 Trillion Derailed by Trade Risks and Obesity Drug Speedbumps

The ‘Troublemaker’ Behind Netflix’s Biggest Gamble

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Morning News: August 1, 2025
Posted by Eddy Elfenbein on August 1st, 2025 at 7:03 am

How the US Weaponized Pakistan Against India

Eurozone Inflation Holds Steady at Target, Leaving ECB in ‘Good Place’

Asia Manufacturing Outlook Marks Five-Year Low as Tariff Concerns Linger

Trump Tariff Blitz Unleashes Delayed Shock to Global Economy

Trump’s Tariffs: Where He Started, What He Threatened, Where He Ended Up

Switzerland Is Stunned by 39% U.S. Tariff, Among the Highest in the World

Cambodia Agrees to a Reduced Tariff and Breathes a Sigh of Relief

In a Country Trump Says Nobody’s Heard Of, Tariffs Bring Chaos

Tariffs Land on Taiwan Amid Tension With Washington

With New 40% Tariff, Trump Takes Aim at U.S. Dependence on China’s Factories

Stocks Tumble as Investors Grapple With the Rising Cost of Trade

The Anti-US Axis Isn’t Dead, Just Resting

Ritholtz: Might Tariffs Get “Overturned”?

Harm or Help? Why Companies Are Battling Tariffs Meant to Benefit Them.

Mere Permanency In the Tax Code Will Encourage Economic Growth

Trump Urges Fed Board to ‘Assume Control’ If Rates Not Cut

For Trump’s Harvard Deal, $500 Million Is Only a Starting Point

The Sanctuary Cities Ruling Is a Win for States’ Rights

Bitcoin Pulls Back to Three-Week Low After Record-Breaking July

Bridgewater Founder Dalio Sells His Remaining Stake in Firm

AXA Shares Slide After Currency Fluctuations Bite

The Nimbleness of Corporate America Is on Full Display

How Trump Let $1 Trillion Worth of Imports Escape His Tariff Hammer

Exxon, Chevron Surpass Estimates With Record Oil Production

Where Human Labor Meets ‘Digital Labor’

A.I. Researchers Are Negotiating $250 Million Pay Packages. Just Like N.B.A. Stars.

Amazon Falls as Profit Outlook, Cloud Growth Spook Investors

What Microsoft’s $4 Trillion Market Value Really Means

Apple Surprises Investors Worried That It Had Lost Its Touch

L3Harris Partners With Air Taxi Maker Joby on Military Aircraft

Etsy Turns From TV Ads Toward Search, With AI as the Wild Card

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Morning News: July 31, 2025
Posted by Eddy Elfenbein on July 31st, 2025 at 7:06 am

China’s Small Workshops Are Hurting. Trump’s Tariffs Are Only One Reason.

China Official PMIs Signal Impending Slowdown

Bank of Japan Raises Price Forecasts, Fueling Rate-Hike Hopes

Eurozone Proves Robust as Joblessness Stays at Record Lows

French Inflation Stays Steady as ECB Holds Rates

Thailand and Cambodia Reach Trump Trade Deals, U.S. Official Says

Trump’s Tariff Authority Is Tested in Court as Deadline on Trade Deals Looms

Murky Pledges of Investment Cast Shadow on Trump’s Trade Deals

Countries Promise Trump to Buy U.S. Gas, and Leave the Details for Later

Trump Just Crashed the Copper Market

Wheat Holds Near May Low, Weighing Strong Dollar and US Exports

$30 Potatoes and $300 Flour in Gaza: Prices So High They’re ‘Meaningless’

When Does Capitalism Become Predatory?

One Way to Ease the US Debt Crisis? Productivity

A Worthless Number (GDP) Rises Not Due to Growth, But Because It’s Worthless

Powell Bucks Pressure, Dissents in Showing Resolve on Inflation

Trump’s Fight With the Fed Won’t End With Rate Cuts

How Podcast-Obsessed Tech Investors Made a New Media Industry

StanChart CEO Says ‘Shame on’ Big Banks Quitting Net Zero Group

The Condo Market Is Floundering: Four Charts That Explain the Downturn

Blackstone Is Not Making Housing More Expensive

China Summons Nvidia Over ‘Backdoor Security’ Risks of A.I. Chips

Meta Shares Soar as Ad Business Continues to Fuel AI Ambitions

Microsoft’s Cloud Unit, Bolstered by AI Demand, Supercharges Earnings

Coal-Powered AI Robots Are a Dirty Fantasy

How an ‘Entrepreneur of the Year’ Brought the First Big Bust to AI Boom

Texas Highways Have a New Nighttime Creature: Autonomous Trucks

Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China

Ford Is Latest Carmaker to Blame Tariffs for Profit Slump

Lilly’s Mounjaro as Effective on Heart-Attack Risk as Older Drug

AB InBev Shares Plunge as Sales Volumes Miss Forecasts

British American Tobacco Backs Guidance on Better-Than-Expected Earnings

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Morning News: July 30, 2025
Posted by Eddy Elfenbein on July 30th, 2025 at 7:13 am

Xi Ties His Legacy and China’s Economy to $167 Billion Dam

China Politburo Holds off on Further Stimulus

Singapore’s Central Bank Stands Pat as U.S. Tariffs Loom

Cooling Australian Inflation Locks In August Rate Cut

Eurozone Economy Shows Signs of Resilience Even as Tariffs Bite

Trump’s Trade Deals Come With Few Details to Flesh Out Big Numbers

World Bank Plans Securitization, Debt Swaps to Boost Development

Trump Keeps Pressuring the Fed to Cut Rates. Here’s Why Its Independence Matters

Fed to Avoid Clear Signal on Rate-Cut Timing

Fed Governors Could Break Ranks as Trump Intensifies Powell Pressure

S&P 500 Breaks Winning Streak After U.S.-China Meeting Ends Without a Deal

UBS Profit Beats Estimates as Ermotti Sees Brighter Outlook

HSBC Profit Tumbles as China Losses Mount

Conspiracy Theorists Found a New Boogeyman: Payroll Data

Harvard Created Windfall From Bringing Executives Back to School

Lina Khan: A Secret to Zohran Mamdani’s Success

Copper Market in Tumult Waiting for Details of Trump’s 50% Tariff

Even Nuclear Experts Are at a Loss Right Now

Top F.D.A. Official Resigns Under Pressure

Ozempic Maker’s Stock Plunges 20% After Profit Warning

Palo Alto Networks Nears Over $20 Billion Deal for Cybersecurity Firm CyberArk

Russia Builds a New Web Around Kremlin’s Handpicked Super App

TikTok Asks Users to Help Police Misinformation

America’s First Transcontinental Railroad Will Boost Our Supply Chain

How a Railroad Mega-Merger Years in the Making Came Together

Boeing Takes Slow Approach to Expansion

Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China

Adidas Shares Tumble After Sales Miss, Guidance Confirmation

How a Chinese Brand Reshaped Hong Kong’s Food Delivery Scene

Starbucks Abandons Mobile Order, Pickup-Only Stores

Kraft Heinz Raised Prices More Than Expected to Beat Estimates

Hershey Trims Profit Guidance on Tariffs, Higher Cocoa Costs

The New ‘Perfect Combination’: The Reese’s Oreo Cup? The Oreo Reese’s Cookie?

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CWS Market Review – July 29, 2025
Posted by Eddy Elfenbein on July 29th, 2025 at 10:10 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 Stair-Step Rally

Lately, the 20-day moving average has been the big star on Wall Street. I have to confess that I usually don’t follow the 20-DMA—it’s just too small.

But now it’s hit the big stage. Why do I say that? Because the S&P 500 has closed above its 20-DMA for the last 66 days in a row. That’s the longest streak in 28 years.

More importantly, looking at the 20-day moving average tells the story of the current market. Namely, the S&P 500 has been steadily moving higher, but very slowly. We haven’t had a 1% daily move in over one month. In five of the last eight trading sessions, the S&P 500 has closed, up or down, by less than 0.15%.

Tiny steps, but steadily upward. That’s been the story of this summer market.

The stock market was down today but not by much. Today was also a good day for many lower volatility stocks. I suspect this trend will continue (with some hiccups).

Frankly, the stock market needs to broaden out. Since April, the S&P 500 Equal Weighted ETF (RSP) has fallen behind the rest of the market. That means that fewer stocks are doing the heavy lifting.

Earnings continue to dominate Wall Street. This week, 164 S&P 500 companies are due to report results for Q2. We’re now about one-third of the way through earnings season and, to be fair, the results are a mixed bag.

For example, more companies are beating expectations, but they’re doing it by less. That tells me that companies are doing a better job of guiding analysts. Earnings growth appears to be tracking higher than expected. Still, this looks to be one of the slowest growing quarters for corporate earnings in a few years.

Let’s look at some numbers (via FactSet). So far, 34% of companies in the S&P 500 have reported earnings. Of those, 80% have beaten expectations. That’s a very strong number. Companies are reporting earnings that are 2.3% above estimates. Historically, that’s not so hot. The five-year average has been 9.1% above expectations.

Overall earnings growth for Q2 is tracking at 6.4%. If that number holds, it will be the closest growth since Q1 of 2024 which was 5.8%.

Wall Street is still optimistic for what’s ahead. For Q3, Wall Street expects earnings growth of 7.6%, and 7.0% for Q4. That works out to full-year earnings growth of 9.6%. That gives the market a forward P/E Ratio of 22.4. That’s pricey. It’s above the 10-year average of 18.4%.

One story of this earnings season is that those that fall short of expectations have been clobbered. According to Bloomberg Intelligence, companies that miss earnings have lost nearly 5% the day after the report. That’s worse much than usual.

This is a very busy week for Wall Street. Obviously, the earnings reports are the big story, but we also have a Federal Reserve meeting. The Fed folks started their two-day meeting today. The Fed will release its policy statement tomorrow at 2 pm ET.

I’ll spoil the drama for you: the Fed won’t make any changes to interest rates. Not this time. After that, however, things get interesting. For now, Wall Street expects a 0.25% rate cut after Labor Day. While this has been expected for some time, it’s not a slam dunk. In the futures market, the odds of a September rate cut are around 66%.

After that, futures traders expect one more cut before the end of the year, and two or three more next year.

Tomorrow, the government will release its first estimate for Q2 GDP growth. This is important because the GDP report for Q1 wasn’t very good. According to BEA, the U.S. economy shrank at a real annualized rate of 0.5% for the first three months of this year. For Q2, the consensus is for growth of 2.3%.

If a Fed meeting, GDP and corporate earnings aren’t enough, we’ll also get the big July jobs report on Friday. Tomorrow, we’ll get a sneak preview when ADP releases its report on private payrolls.

Earlier today, the Labor Department released its report on job openings. There were 7.4 million vacancies last month. That’s down from 7.7 million in May. This is more evidence that the labor market is cooling off.

For Friday, Wall Street expects the unemployment rate to tick up by 0.1% to 4.2%. The expectation is that the economy added 115,000 net new jobs last month. That’s down from 147,000 in June.

In the last report, private payrolls increased by just 74,000. The problem is that state and local governments added 64,000 education jobs. I’m glad to see those folks working but for long-term health, we need to see growth in the private sector.

In 2023, the economy averaged creating over 210,000 new jobs each month. Last year, that fell to an average of 167,000 new jobs. So far this year, the economy is averaging just 130,000 new jobs each month. Friday will probably be more of the same.

I’m also curious to see if wage growth has been holding up well. I think it’s fair to say that the U.S. economy is broadly positive with some areas of concern. For example, many young home buyers have been pushed out of the market.

Possible Stocks for Next Year’s Buy List

It’s still only July, but I wanted to share with you some names that I’m considering for next year’s Buy List.

As usual, our Buy List holds 25 stocks. We don’t make any changes during the entire year. Then at the end of the year, five new stocks are added, and five old stocks are kicked out.

These are 12 stocks that are on my radar. Bear in mind that these are only names I’m currently looking at. There’s no guarantee that they’ll be one of the five I choose in December.

Accenture (ACN)

Cadence Design Systems (CDNS)

Cintas (CTAS)

Costco Wholesale (COST)

IDEXX Laboratories (IDXX)

Labcorp (LH)

Marsh & McLennan (MMC)

McKesson (MCK)

ServiceNow (NOW)

Synopsys (SNPS)

UFP Technologies (UFPT)

Waters (WAT)

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

– Eddy

Morning News: July 29, 2025
Posted by Eddy Elfenbein on July 29th, 2025 at 8:45 am

U.S. Exporters Get Welcome Surprise in Trump Tax Law

Trump Team Seeks to Solve ‘Stockholm Syndrome’ With Export Push

Trump’s Tariffs: Where He Started, What He Threatened, Where He Ended Up

Trump Is Winning His Trade War. What Will That Mean for the Economy?

Trump’s New Trade Order Is Fragile

India and Trump Still Don’t Have a Tariff Deal: Here’s Why That Matters

Taiwan President’s Bad Week Hangs on Outcome of Trump Trade Deal

Europe Made Major Trade Concessions to Trump. How Did That Happen?

Trade Deal Brings Relief to Europe’s Luxury Industry

Europe’s Star Economy Picks Up Pace as Fresh Tariff Hikes Loom

Bank of Japan Likely on Hold Though U.S. Trade Deal Cuts Uncertainty

Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts

Now to See How the Fed Deals With All the Pressure

Firing Powell Is Too Risky — Even For This White House

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

Almost Every Corner of Emerging Markets Is Surging as Dollar Sinks

The FTC and DOJ Make a Hopeful Pivot Toward Free Markets

Rohit Chopra’s Rule 1033 Hasn’t Been Killed Yet, But It Should Be

Barclays Profit Rises 23% as Trump Tariff Turmoil Lifts Trading

The Texas Economy Ain’t All That

The Boom in AI Is Stressing the Largest US Power Grid

$85 Billion Deal Creates America’s First Coast-to-Coast Rail Operator

Boeing Stems Cash Outflow as Aircraft Deliveries Advance

Apple Is Shutting a Store in China, Its First Closure in the Country

WeWork Wants You to Know It’s a Grown-Up Real-Estate Firm Now

PayPal Raises 2025 Profit Forecast as Venmo Revenue Jumps 20%

UnitedHealth Issues New, Lower Targets as Profit Shrinks

Even Top Earners Are Falling Behind on Credit Card and Car Payments

Economic Anxiety Leads More Consumers to Embrace ‘Christmas in July’

Consumers Are Under Stress, Procter & Gamble Says

Mars to Invest $2 Billion in U.S. Manufacturing Through 2026

When Coke and Pepsi Fought for Soft Drink Supremacy in Space

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Morning News: July 28, 2025
Posted by Eddy Elfenbein on July 28th, 2025 at 7:04 am

Trump Says He’ll Reduce 50-Day Deadline He Gave Putin For Truce

What’s Going On With Trump’s Tariffs?

How Li Ka-shing Landed in the Middle of US-China Tiff

U.S. and China Meet as Trade Truce Nears Expiration

CK Hutchison to Invite China Investor to Join Port Deal

EU Welcomes Pause in US Trade Fight While Seeking Better Terms

The EU’s $750 Billion Energy Deal With Trump Looks Hard to Reach

Trump Wins the Hulkamania Tariffs Brawl He Started

Trump’s Tariffs Are Already Stunting World Growth While Markets Shrug

A Data Deluge Brings a ‘Moment of Truth’ for Markets This Week

The ‘Most Talked About Bond’ in London Is a Losing Bet

Ben Bernanke And Janet Yellen’s Inflation Mystification Ails The Fed

Trump is Quietly Changing the Fed, Even Without Firing Powell

Don’t Be Seduced by Zero-Sum Thinking About the Economy

The Bull Market for Economists Is Over. It’s an Ominous Sign for the Economy.

Hedge Funds Ditch Tech and Buy Essentials, Goldman Sachs Says

Why Activist Investors Are Essential, Not Improper

Ex-Trader Turned Market Cop Halts Jane Street’s India Bonanza

World Bank Chief Says Zimbabwe Needs G-20 Help to Exit Debt Trap

A US Defense Strategy Is Coming, Just Not From the President

Three Ways America’s World Order Could Collapse

The Housing Market Is Frozen. Zillow’s C.E.O. Knows You’re Still Scrolling.

America’s Youth Should Be Free To Innovate Without Barriers

CEOs Trumpet Smaller Workforces as a Sign of Corporate Health

Samsung to Make Tesla AI Chips in Multiyear Texas Deal

Tesla Engineering VP Moravy Says Company in ‘Big Swing Moment’

The Country Where 76% of Cars Sold Are Electric

UnitedHealth Grew to Be a Leviathan. Then Came the Backlash.

The Protein Bar Arms Race

Welcome to the Grocery Store Where Prices Change 100 Times a Day

Luxury Brands Are Getting Hit by a Vibe Shift

Tariffs Delayed the Fall Fashion Line at Upscale Brand Vince. It Wasn’t All Bad.

Forget Cartier: Made-in-China Luxury Captivates Chinese Consumers

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Morning News: July 25, 2025
Posted by Eddy Elfenbein on July 25th, 2025 at 7:02 am

Trump’s Escalation of Clean-Energy Fight Is Creating More Pain for Producers

The World Has Too Much Steel, but No One Wants to Stop Making It

US-Japan Trade Deal Hinges on Fund That Remains a Puzzle

Bond Vigilantes Eye Japan as Right-Wing Populists Surge in Polls

Russia’s Central Bank Cuts Key Rate Again as Economy Slows

ECB Must Remain Completely Open in Future Rate Decisions, Says Villeroy

German Business Sentiment Edges Higher Despite Tariff Uncertainty

Euro Falls Versus Dollar After German Ifo Data Miss Forecasts

Trump Turns to ‘Flood the Zone’ Playbook to Attack Powell’s Fed

The More Trump Pressures the Fed, the Less Likely He Gets Lower Rates

BofA’s Hartnett Renews Warnings Around Bubble Risks for Stocks

Why Playing the Long Game Still Matters

The Columbia University Deal Isn’t Great. But It Dodged a Bigger Disaster.

FTC Must Make ‘Made In America’ Easier To Make In America

Trump’s Tariffs Are Being Picked Up by Corporate America

Intel to Lay Off 15% of Workers, Cancel Billions in Projects in Bid for Rebound

America Will Come to Regret Selling A.I. Chips to China

Volkswagen Hit Hard by Trump’s Tariffs

Boeing Emerges as a Winner in Trump’s Trade Wars

Airlines Are Having a Bruising Year. Delta and United Are Doing Better.

Can Airbnb Redefine Travel Again?

F.C.C. Approves Skydance’s $8 Billion Merger With Paramount

Paramount Settled With Trump. Its Shows Are Skewering Him.

Dude! They Killed Colbert!

America Needs Colbert

Sarepta-Roche Gene Therapy Fails to Get EU Regulator’s Nod

As Consumers Lose Their Appetite, Food Brands Fight to Keep Wall St. Happy

How McDonald’s Lost Its Value Edge—and Is Trying to Claw It Back

Behind a Maine Coffee Company’s Decision to Raise Prices

How Taylor Swift Turned a Glitter Freckle Maker Into a Sensation

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Morning News: July 24, 2025
Posted by Eddy Elfenbein on July 24th, 2025 at 7:02 am

Global Economies Show Resilience Despite Tariff Fears, Surveys Show

How a Chinese Border Town Keeps Russia’s Economy Afloat

Chinese Social-Media Hashtag Signals Growing Frustration With Job Market

Trump Says Countries Will Face Tariffs Ranging From 15% to 50%

Trade Deal Could Give Japanese Cars a Leg Up in U.S. Market

South Korea Jockeys for a Deal With Trump at Least as Good as Japan’s

German Consumer Confidence Hit by Economic Uncertainty

Turkey Central Bank Returns to Rate Cuts Path After Unrest Forced Hike

ECB Is Set to Hold Fire on Rate Cuts With Trump Tariffs Unresolved

Trump to Tour Federal Reserve, Ramping Up Pressure Campaign on Powell

The Fed Needs to Tread Carefully With This Strange Dollar

Dow Drops as Tariff Uncertainty Causes Worse-Than-Expected Loss

The Stock Market’s Most Unserious Season Is Back and Dorkier Than Before

A Case For the Sales Tax As the Most Honest Form of Taxation

A Billionaire’s Quest to Find Credit Suisse Nazi Accounts Puts UBS in the Spotlight

Columbia Agrees to $200 Million Fine to Settle White House Fight

New EU Sanctions Could Be the First to Hit Moscow’s Crude Flows

Canadian Company Claims to Find Large Oil Reserves in Poland

The West’s Insatiable Demand for Missiles Boosting U.S. Weapons Makers

The Quiet Obamacare Overhaul Needs a Loud Reveal

U.S. Homes Are Not Selling, and Prices Continue to Rise

The Chatbot Culture Wars Are Here

AI Should Pay a Price for Its Environmental Damage

Tesla Profit Falls, Hurt by Plunging EV Sales

Tesla Braces for ‘Rough’ Quarters as US Ends EV Incentives

T-Mobile Adds More Subscribers Than Rivals

Alphabet Stock Looks Poised to Rise After Its Results, Boosted Capital Spending Plan

Amazon Gave Prime Day Shoppers More Time to Browse. Many Went to Walmart

Retail Tourism Shortfall as Foreign Visitors Skip the US This Summer

A Hot Protein Bar Company Has Added a Wild New Product: Frozen Cod Fillets

Chipotle Mexican Grill Falls as Weak Dine-Out Demand Weighs on Annual Sales Forecast

McDonald’s to Test ‘Dirty Sodas’ and Flavored Cold Brews to Cash In on Drinks Craze

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