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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Morning News: July 23, 2025
Posted by Eddy Elfenbein on July 23rd, 2025 at 7:04 am

Tariff Risk Drives Another Round of Asia Forecast Downgrades

U.S. and Japan Reach Trade Deal

Behind Japan’s Trade Deal: 8 Rounds of Talks and ‘Hurrying Slowly’

Indonesia to Remove Numerous Trade Barriers, White House Says

EU Readies €100 Billion No-Deal Plan to Match US 30% Tariff

As the Dollar Slides, the Euro Is Picking Up Speed

The US Can Survive Tariffs. That Doesn’t Mean They’re Worth It.

Bitcoin in Your 401(k)? That’s Not a Risk I Would Take

What Is Tokenization and Is It Crypto’s Next Big Thing?

The U.S. Needed the CLARITY Act To End Crypto Regulatory Uncertainty

At the Fed’s Banking Conference, Sam Altman, Capital Rules and Avoiding the Powell Drama

Fed Legend Paul Volcker Would Shrug Over This Attack

Treasury, IRS Face Staff Cuts, Tight Deadlines With Roll Out of New Trump Tax Breaks

GoPro, Krispy Kreme Surge as Markets Abuzz About Meme Stocks

Dimon’s Success Creates Headaches for JPMorgan

Citigroup Expands Private-Company Research, Joining JPMorgan

Soaring Wealth Inequality Is the Greatest Retirement Gift of All

Biggest US Power Grid Auction Prices Rise by 22% to New Heights

U.S. Mid-Atlantic Factory Activity Contracts at Fastest Rate This Year

Can a Steel Boom Revive This Rural American County?

How China Came to Rule the World of Rare Earth Elements

Hackers Hit US Nuclear Body as Microsoft Warns of China Link

Chinese Hackers Are Exploiting Flaws in Widely Used Software, Microsoft Says

OpenAI’s Data Center Ambitions Collide with Reality

AT&T Adds Wireless and Home-Internet Subscribers, Accelerates Fiber Build-Out

Mike Lynch’s Estate Ordered to Pay Hewlett Packard $945 Million

Tesla’s Darkening Outlook to Test Robotaxi Vision Pushed by Musk

Trump Expects $20 Million More in Ad Dollars From ‘60 Minutes’ Settlement

Coke’s New Cane-Sweetened Soda Risks Upending US Sugar Supplies

Hershey Lifts Candy Prices, Citing High Cocoa Costs

With Labubus and a Cat Cafe, a Shopping Mall Thrives in New York City

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CWS Market Review – July 22, 2025
Posted by Eddy Elfenbein on July 22nd, 2025 at 8:02 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.”)

Q2 Earnings Seasons Is Looking Good So Far

The stock market closed at yet another all-time high on Tuesday. Today’s market was noteworthy because it was a “broader” rally. By that, I mean that more stocks are jumping in on the fun. It’s not just a “tech only” rally.

I like to look at the relationship between the S&P 500 High Beta ETF (SPHB) and the Low Volatility ETF (SPLV). This is an easy way to read the market’s mind.

Since the market low in April, High Beta, meaning the riskier stocks, are up more than 52% while Low Volatility is just 9%. Today, High Beta was flat while Low Vol was up 1.4%. I’d like to see more of that kind of action.

We have some early numbers for this earnings season, and it’s looking quite good. So far, 12% of companies in the S&P 500 have reported Q2 earnings. Of those, 83% have beaten earnings. That’s higher than the 5- and 10-year averages.

The S&P 500 is on track to deliver Q2 earnings growth of 5.6%. That would be the slowest growth since Q4 2023. So far, 83% of companies that have reported have beaten on revenues. Bear in mind that on Wall Street, you’re expected to beat expectations.

The S&P 500 is currently trading at 22 times forward earnings. That’s high but not unreasonable. There are, however, signs of market excess. For example, the meme stock brigades are back. Thanks to a cheering section at Reddit, shares of Opendoor Technologies (OPEN) have taken center stage. Last Monday, OPEN was traded as low as 77 cents per share. Yesterday, OPEN peaked at $4.97 per share.

Trading volume for the stock has surged from 50,000 or so each day to over 500,000,000 per day. That’s an increase of 10,000-fold in just a few days. I think I have a feeling for how this will end.

Now Kohl’s’s (KSS) has been picked up by the day-trading frenzy. I’m not sure how long this will last. About half of Kohl’s outstanding shares available for trading are shorted. At one point today, the stock was up more than 100%. By the closing bell, KSS settled for a gain of 37%. (It’s just a department store!)

Truthfully, these meme stocks are closer to gambling than true investing. They certainly can be fun games to play, but it really helps if you’re the first one out the door.

There were several prominent earnings reports today. GM (GM) beat earnings and reiterated its guidance but the stock fell 8% after the carmaker said that it’s concerned about tariffs hurting sales. GM’s core profit fell 31.6% to $3.04 billion.

Sherwin-Williams (SHW), a former Buy List stock, had a disappointing earnings report. For Q2, the paint people made $3.38 per share. That was 42 cents below expectations. The stock reversed its earlier losses and only closed down modestly.

Shares of Northrop Grumman (NOC) reached a new high. The stock was up over 9% today. The company raised its guidance.

Labcorp (LH) also got a nice 3.7% lift today. Philip Morris (PM) missed its revenue estimates and the shares got dinged 8.4% today. The stock yields close to 3%. Mettler-Toledo (MTD) also had a good day.

There are going to be a lot more earnings reports this week.

How the Market Behaves at a New High

The S&P 500 hit another all-time high yesterday. This week, I wanted to take a closer look at how the stock market has historically behaved when it’s at an all-time high. Perhaps counterintuitively, the stock market has done quite well off its all-time high. You might be inclined to think that the all-time high is the worst time, but the evidence says otherwise.

I took all the S&P 500 daily closes going back to 1960. Since then, there have been about 16,500 trading days. Of those, the index hit an all-time high on nearly 1,200 days or about 7.3% of the time.

The day following an all-time high close, the stock market has gained a total of 75%. Annualized, that works out to 12.8%. The rest of the time, when the market’s not at an all-time high, the annualized gain is just 7%. That’s quite a big difference.

From my experience, the worst market days don’t come off peaks. Instead, the market gradually crumbles off its peak, and then the big drop happens.

I also found that even if the S&P 500 closes within 10% of a new high, but not at a new high, then the market averages an annualized gain of 7.9%.

As well as the stock market has done when it’s at a new high, what’s also impressive is how stable the market has been at all-time highs. Since 1960, there have been only three times when the market has gained more than 2% in a single day off an all-time high. Interestingly, all three came in the 1990s.

Coming off an all-time high, the market has gained more than 1% only 5.4% of the time. Normally, 1% up days come more than 7.2% of the time. The lesson is that calm markets tend to be good markets, and markets that are rising tend to keep on rising.

Too often, investors feel that strong markets have given them unwarranted gains and that they have to sell out before the correction comes. The problem is that you never know when it will come. Just look at this year when we had a nasty drop followed by a pretty impressive rally.

Peter Lynch famously said, “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in the corrections themselves.”

This is another example that good investing really comes down to patience.

Mueller Industries Delivers Solid Earnings

This morning, we got a nice earnings report from Mueller Industries (MLI), which is one of our Buy List stocks. I like Mueller a lot. It’s a well-run mid-cap that’s largely overlooked by Wall Street.

I’m always surprised at how Wall Street can completely ignore such good businesses. Only one analyst follows MLI despite it being a big winner for many years and having a market value of $10 billion. Since early 1992, the stock is up by 40,000%.

So what does Mueller do? The company makes and sells copper, brass, and aluminum products. The company operates through three segments: Piping Systems, Industrial Metals, and Climate. You may have noticed that copper prices are soaring and much of the reason is our tariff policy.

After some adjustments, MLI’s Q2 net income was $1.96 per share. That’s compared with $1.41 per share for the same quarter one year ago. The lone analyst had been expecting Q2 earnings of $1.62 per share. Mueller’s net cash generated from operations was $190.6 million. MLI’s cash balance net of debt was $1 billion at quarter end, and the current ratio is strong at 4.9 to 1.

CEO Greg Christopher, said, “Excluding the recovery reported thus far on our tornado related insurance claim, we delivered a record quarter. Tremendous credit goes to our manufacturing operations and commercial teams for their outstanding execution and focus amidst complex market conditions. We are particularly pleased to see the positive progress and contributions made by Nehring and EPC, our 2024 acquisitions, and look forward to their continued improvement.”

If business continues to go well at Mueller, then I think the company can earn $6 per share this year and perhaps $6.50 per share next year. If that’s correct, then the company is attractively valued. Over the last five weeks, the shares are up 18%.

The Federal Reserve meets again next week. Don’t expect any change to interest rates this time, but the odds of a rate cut before the end of the year are high. Also, the Q2 GDP report will be out on Wednesday which is the same as the Fed policy statement. That’s all for now. I’ll have more for you in the next issue of CWS Market Review.

– Eddy

P.S. I’m currently reading “The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life” by Nick Maggiulli. In the book, Nick systematically breaks down how to build wealth. It’s one of those books where I find myself nodding along with each page. Check it out.

Morning News: July 22, 2025
Posted by Eddy Elfenbein on July 22nd, 2025 at 7:05 am

Trump Gets a US Toehold in Congo’s Mines as Peace Deal Nears

China’s Problem With Competition: There’s Too Much of It

EU Officials Head to China and Japan Expecting Mixed Results

The Global Economy Is Powering Through a Historic Increase in Tariffs

Thai Cabinet Names New Central Bank Chief

U.S. Leading Indicators Show Economic Clouds Gathering

Treasuries Slip With Fed’s Powell Set to Speak on Regulation

Michelle Bowman’s Reforms Will Help Reverse Dodd-Frank Damage

US Exchanges Set to Reap Windfall as Market Volatility Fuels Trading Rush

Will Payment Stablecoins Benefit From Federal Deposit Insurance?

‘Black Holes for Capital Gains’: New Tax Trick Takes Off in ETFs

JPMorgan Closes $210 Million Carbon Loan to Draw New Investors

BlackRock Restricts Use of Company Devices for China Travel

NIH Budget Cuts Are a Setback for American Science

Without Billionaires, There Would Be No Medicare and No Debt

Singapore’s App-Led Car Sharing Offers Relief From Stratospheric Cost

Florida’s High-Speed Rail Rattles Investors, Defying Its Promise

Northrop Grumman Lifts Profit Outlook on Defense Demand

GM Profit Falls as Trump Tariffs Add $1.1 Billion in Costs

Google Seeks Licensing Talks With News Groups, Following AI Rivals

Google A.I. System Wins Gold Medal in International Math Olympiad

Microsoft Rushes to Stop Hackers from Wreaking Global Havoc

The Astronomer CEO’s Coldplay Moment Is a Textbook Fiasco

Silicon Valley’s Favorite Podcast Is Now Hot in Washington Too

How Does This Podcast Star Make $20 Million a Year?

L.A. Times Owner Says He Will Take Newspaper Public in Next Year

Universal Music Group Files for U.S. Public Offering

US Liquor Sales Plunge in Canada Amid Tariff Spat, Hurting Whole Market

Coca-Cola Earnings Beat Estimates as Strong Demand in Europe Helps Offset Weakness Elsewhere

Kraft Heinz Failure Is a Cautionary Tale for Many M&A Deals

The Hottest New Cafe Is in Someone’s Living Room

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Morning News: July 21, 2025
Posted by Eddy Elfenbein on July 21st, 2025 at 7:04 am

Japan’s Ishiba Tries to Buy Time After Historic Election Setback

Yen Bounces as Japan PM Hangs On

A Massive Dam in Tibet Will Do More for China’s GDP Than for Its Power Supplies

Zambia Plans $1.1 Billion Oil Refinery With Fujian Xiang Xin

China’s Moves Against 3 Foreigners Stoke Anxiety

EU Is Racing to Secure US Trade Deal and Preparing for Worst

Trump’s Tariffs Key to Whether Anticipated ECB Hold Is an End Or A Pause

U.S. Coffee Drinkers and Businesses Will Pay the Price for Trump’s Brazil Tariffs

The U.S. Economy Is Regaining Its Swagger

Trump Threats Send Wall Street Hunting for Perfect Powell Hedge

Kevin Hassett Wants To Be Fed Chairman. That’s What’s So Dangerous

How Bessent Made the Case to Trump Against Firing Fed Chair Powell

Applying the ‘Bedford Falls Rule’ to the Federal Reserve

S&P 500 Signals the US Stock Rally Momentum is Waning

Republicans Fall Into the Same Inflation Trap as Democrats

Blank-Check Company Strikes Cryptocurrency Deal

After Pledging to Keep Prices Low, Amazon Hiked Them on Hundreds of Essentials

What Chip-Stock Investors Are Missing About Tariffs

Trump Can’t Put the Epstein Genie Back in the Bottle

Hiding Weather Data Harms More Than Hurricane Forecasts

Harvard Faculty Who Fear School’s Destruction Urge Trump Deal

RFK Jr. Is Making America Sick Again. Republicans Need a Cure

Elon Musk’s Empire Is Creaking Under the Strain of Elon Musk

Battery Makers in Slumping EV Business Find Lifeline Elsewhere

Jeep Maker Stellantis Warns of a Shock $2.7 Billion Loss as Tariffs Bite

GE Vernova Buying AI Company for Utilities to Check Grid Damage

Verizon’s Postpaid Phone Losses Continue, Full-Year Forecast Improves

Canceling ‘The Late Show’ Is Bad News for Late-Night TV, Not for Stephen Colbert

NJ and NYC Expect $3.3 Billion Boost From Hosting World Cup

Kraft Heinz Seeks to Revive Old Brands by Undoing 2015 Mega-Merger

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Morning News: July 18, 2025
Posted by Eddy Elfenbein on July 18th, 2025 at 7:03 am

One of These BRICS Is Not Like the Others

Before Trump, Indonesia Had Another Trade Headache: China

The State Department Upheaval Makes China Great Again

ICE Deportation Plans Betray a Post-Holocaust Promise

Japan Inflation Eases, But BOJ Still Faces Policy Challenges

Moody’s Raises Argentina’s Rating On Macroeconomic Reforms

Tariffs on Russia Could Hurt Wary U.S. Farmers

Economists’ Outlook: Lower Recession Risk, More Growth

Crypto Market Value Tops $4 Trillion as Stablecoin Bill Passes

Regulating Stablecoins Will Take a Genius Act, and This Isn’t It

‘Even God Would Get Fired.’ The Lessons This Fund Manager Is Taking from Stock-Market Drawdowns and Recoveries.

Don’t Make a Dumb Trade War Any Dumber

Does Trump Have the Authority to Fire Fed Chair Powell?

What Happens If Trump Fires Powell? Bad Things

Will Investors Ever Believe Trump’s Threats Against Powell?

The Global Risks That Come With the Loss of an Independent Fed

Waller Says Fed Should Cut Rates Now With Labor Market on Edge

Wells Fargo Exit Ban Revives Fears About Doing Business in China

Amex Beats Estimates as Premium Clients Keep Spending on Cards

Chevron Moves Forward With Megadeal for Hess After Winning Exxon Arbitration

Asia’s Gas Buying Spree Is Wilting in the Summer Heat

The Push to Make Tiny Homes in Backyards Easier to Finance

Hot Dogs for Insomnia? A Kennedy Aide’s Start-Up Can Get You a Tax Break.

Health Insurers Are Denying More Drug Claims, Data Shows

Nvidia CEO Huang Emerges as Reluctant Emissary for US-China

Meta Says It Won’t Sign EU’s AI Code, Calling It Overreach

Netflix Raises Revenue, Margin Forecasts After Strong Second Quarter

A Family Feud Is Rocking One of the World’s Richest Hotel Dynasties

CBS Canceling ‘Late Show With Stephen Colbert’ After Next Season

Conservatives Get the PBS and NPR Cuts They’ve Wanted for Decades

Where Congress’s Cuts Threaten Access to PBS and NPR

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Morning News: July 17, 2025
Posted by Eddy Elfenbein on July 17th, 2025 at 7:04 am

This New Missile-Defense System Is Challenging the Patriot

China Threatens to Block Panama Ports Deal Unless Its Shipping Giant Is Part of It

Has Japan’s ‘Rice Minister’ Brought Down Prices Enough to Save His Party?

European Real Estate Stuck in ‘Zombieland’ as Recovery Proves Elusive

Russian Banks Have Discussed Seeking Bailouts Within Next Year

Trump Eyes Tariff Rate of 10% or 15% for More Than 150 Countries

The White House’s Assault on the Fed Is Self-Defeating

Trump Wants Lower Rates. Firing Powell Could Push Them Higher.

Fed Independence Is a ‘Myth,’ JPMorgan’s Benhamou Says

Treasury Yields are Flat as Investors Digest Trump-Powell Fight

Excessive Federal Taxes Foist California and New York Onto All of the U.S.

The Bond Market Won’t Let America Be Irresponsible Forever

It Was Supposed to Be ‘Crypto Week’ in Congress. Then It Unraveled.

Wall St. Firms Are Buying Utilities to Tap Into the A.I. Boom

Trump’s U-Turn on Nvidia Spurs Talk of Grand Bargain With China

Taiwan Semi Profit Booms by 61%, Raises Sales View as Nvidia Buoys Demand

Why FHFA Meddling In Credit Score Reporting Is Unwarranted

Trying to Pay for College? Your Options Just Got Worse

PBS, NPR Set to Lose Federal Funding as Senate Passes DOGE Cuts

These US Sites Are ‘Prime Real Estate’ for the Next Nuclear Reactors

How to Fight Against Trump’s Attack on Clean Energy

GE Aerospace Raises Full-Year Guidance on Aviation Rebound

Prologis Ramps Up Plans for New Warehouse Construction

Are Diamonds Even a Luxury Anymore? De Beers Reckons With Price Plunge

Trump Says Coca-Cola to Use Cane Sugar in Coke

They Grew Up on Mexican Coke. Trump’s Cane Sugar Plan Makes Them Uneasy.

PepsiCo Earnings Beat Estimates Even as U.S. Demand Falls

Your Morning Coffee, in a Bucket

Liquid Death Expands Into Energy Drinks—Easy on the Octane

Canadian Retailer Abandons Its Quest for 7-Eleven

‘Who Killed Love?’ A Video Game Plays to Male Resentment in China.

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