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  • Morning News: June 3, 2025
    Posted by Eddy Elfenbein on June 3rd, 2025 at 7:05 am

    Global Markets Mostly Lower on Continued Trade Tensions; Eurozone CPI Data In Focus

    Trump Tariffs Are Hurting US and Global Economy, OECD Warns

    OECD Warns That World Growth to Slow Amid Trade Turmoil

    Saudi Arabia’s Hurdles at Home Are Reshaping the Mideast Financial Order

    Eurozone Inflation Falls Below Target

    Switzerland Records Deflation for First Time in Four Years

    Switzerland Poised to Pitch Tough New Capital Rules for UBS

    Bank of England to Keep Cutting Rates But How Far, Fast Is Unclear, Bailey Says

    BOJ’s Ueda Says Rate Hikes Will Only Come When Economy Is Ready

    India Considers Easing Bank Ownership Rules as Foreign Interest Grows

    Mismanagement Is Putting Dollar’s Global Standing in Jeopardy

    Sahm: Inflation Expectations Are Now Just Tariff Expectations

    899 — The Three Numbers Alarming the Bond Market

    Investors Say They’re Moving Away From ESG as ‘an Umbrella Concept’

    Economists Question G.O.P. Bill: Why Increase the Deficit in Good Times?

    Newsom, Pritzker and High Tax Blue States Offer Red States a Huge Gift

    Where Do I Fall in the American Economic Class System?

    Consumers Are Financing Their Groceries. What Does It Say About the Economy?

    Companies Rely on Delaware Courts. Lawyers Reap Huge Fees There.

    Elon Musk Returns to His Tech Empire, Facing Questions of Inattention

    China’s Manus Shows the Promise of AI Agents

    A.I. Killed the Math Brain

    Trump’s Big Steel Party Exposes Japan’s Growth Conundrum

    Carlos Slim Is Quietly Becoming Pemex’s Partner of Last Resort

    Meta to Buy Nuclear Power From Constellation as AI Demand Soars

    Viper Energy to Acquire Sitio Royalties in $4.1 Billion Stock Deal

    Toyota Industries $33 Billion Buyout Faces Investor Criticism Over Discounted Price

    Hims Looks to Expand to Europe With Zava Acquisition

    Dollar General Shares Zip Higher After Retailer Raises Outlook

    The Economic Costs of Wearing Guardian Caps In the NFL

    Be sure to follow me on Twitter.

  • Morning News: June 2, 2025
    Posted by Eddy Elfenbein on June 2nd, 2025 at 7:08 am

    Asian Manufacturing Activity Stumbles Again Under Weight of Trump Tariffs

    Oil Leaps More than 3% After OPEC+ Keeps Output Increase Unchanged

    Climate Startups Are Pausing Operations, Cutting Staff and Entering Bankruptcy as Trump Policies Bite

    U.S. Dependence on China for Rare Earth Magnets Is Causing Shortages

    Valterra Platinum Shares Start Trading in London

    China Rejects Trump’s Accusation That It Violated Trade Truce

    As Courts Call Tariffs Into Question, Trump Again Turns to His Favorite Tool

    The Imports the U.S. Relies On Most From 140 Nations, From Albania to Zimbabwe

    ECB Set to Cut Rates Again and Keep Options Open

    Fed’s Waller Highlights a Path to 2025 Rate Cuts

    Stanley Fischer, Groundbreaking Economist and Fed Vice Chair, Dies at 81

    Why the S&P 500 Is Cruising Through Policy Upheaval

    Buyers’ Strike Rocks US Long Bond as DoubleLine, Pimco Stay Away

    A New Ratings Game: 3,000 Deals, 20 Analysts, Lots of Questions

    Senate Begins Putting Its Stamp on Giant Trump Tax, Debt Limit Bill

    A Peach and Apple Farmer’s Uphill Quest to Feed Poor Families, and His Own

    Trump Plans to Offload National Park Sites, But States Don’t Want Them

    The Corporate Culture Wars Have a Strange New Coalition

    The C.E.O. Other C.E.O.s Turn To for Advice

    Wall St. Is All In on A.I. Data Centers. But Are They the Next Bubble?

    Arizona’s Water Is Vanishing Before AI Gets a Crack at It

    Tesla Sales Plunge 67% to an Almost Three-Year Low in France

    Elon Musk’s Chatbot Can Be ‘Non-Woke’ or Truthful, Not Both

    How Europe Is Losing the Global Tech Race, in Five Charts

    Amazon Hit by German Warning Over Price Controls on Marketplace

    Bristol to Pay BioNTech Up to $11.1 Billion in Cancer Deal

    Sanofi to Buy Blueprint Medicines for Up to $9.5 Billion in Boost to Pipeline

    EU Fines Delivery Hero, Glovo $373 Million in Cartel Probe

    Indian Billionaire Gautam Adani Comes Under New Scrutiny from U.S. Prosecutors

    Can Gen Z’s Nostalgia Save Chain Restaurants?

    How ‘Lilo & Stitch’ Became One of the Most Profitable Movies in Years

    Be sure to follow me on Twitter.

  • Morning News: May 30, 2025
    Posted by Eddy Elfenbein on May 30th, 2025 at 7:03 am

    India’s Economic Growth Accelerates Despite Headwinds

    Rising Inflation, Weak Production Put Bank of Japan in Tough Spot

    How Russian Fortunes Stranded by US Sanctions Rocked Liechtenstein

    Sliding Oil Prices Have Reopened the Door to Russian Crude

    US Driving Season Starts Strongly for Oil Refiners

    Twisty Path to a Deal: Is Nippon Steel Finally About to Land U.S. Steel?

    Declining Inflation in Eurozone Nations Readies ECB for Rate Cut

    The Swamp Wins Again, Even Against Elon Musk

    Economists Cautiously Cheer Court Ruling Striking Down Trump’s Tariffs

    Trump’s Tariff Options Slower, More Complex If Court Fight Fails

    Trump’s Team Plots Plan B for Imposing Tariffs

    Tariff Ruling Gives Businesses Hope, but They’re Soon Unmoored Again

    This TACO Gives Trump Indigestion, So Watch Out

    Trump Tells Powell He Is Making a Mistake by Not Cutting Interest Rates

    The Bond Market’s Faith in America Is Facing a Severe Test

    S.E.C. Drops Lawsuit Against Binance, a Crypto Exchange

    Trump’s Tax Bill Has Nasty Surprise in SALT Fine Print for Some Rich Americans

    How Trump’s Regulatory Rollbacks Are Increasing Costs on Americans

    ‘Bellwether of Risks’: What ‘Buy Now, Pay Later’ Defaults Say About the Consumer

    Don’t Call It a Side Hustle. These Americans Are ‘Polyworking.’

    Trump Taps Palantir to Compile Data on Americans

    Chinese Students Ditch US Plans as Trump Vows Crackdown on Visas

    Harvard’s Commencement Showcased a United University

    The Judge’s Data Dilemma in the Google Search Case

    Consultants are Taking Over the World’s Corner Offices

    Nvidia Lays Out Worst-Case Scenario in Bid to Open China Market

    Shoe Carnival Backs Guidance, Plans Focus on Premium Brands

    Soaring Costs Expose a Trans-Atlantic Chocolate Divide

    Celsius Looks Beyond Fitness Buffs in New Marketing Campaign

    Wall Street or Vegas: Kalshi Ramps Up Battle Over Legal Gambling

    Be sure to follow me on Twitter.

  • Morning News: May 29, 2025
    Posted by Eddy Elfenbein on May 29th, 2025 at 7:03 am

    Economic Debate Begins on Impact of ‘Military Keynesianism’

    OPEC+ Prepares Third Dose of Oil Shock Therapy

    UK Gas Generation Plunges as Wind Surge Turns Prices Negative

    Japan’s Debt, Now Twice the Size of Its Economy, Forces Hard Choices

    Bank of Korea Cuts Rates, Slashes 2025 Growth Outlook

    Bank of Mexico Cuts Economic Growth Forecasts

    Export Controls Are Endangering the Fragile U.S.-China Truce

    Companies Turn to Private Credit During Tariff Turmoil for Loans

    Trump Trade Strategy Roiled by Court Blocking Global Tariffs

    Stocks Jump After Court Blocks Trump’s Tariffs

    If Anything, Bond Markets Are Returning to Normal

    The Fed Forecasts Stagflation

    Opposite Peter Orszag and His Opposites, Government Spending Doesn’t Cause Inflation

    The Tax Bill Is Big, But Certainly Not Beautiful for Small Business

    The Allure (and Complications) of Trump’s ‘Golden Shares’

    DOGE Has Failed to Halt Increases in Federal Spending

    A Disillusioned Musk, Distanced From Trump, Says He’s Exiting Washington

    The Techno-Futuristic Philosophy Behind Elon Musk’s Mania

    If America Doesn’t Want Harvard, Somebody Else Will

    The AI Job Suck Is the China Shock of Today

    Nvidia Eases Concerns About China With Upbeat Sales Forecast

    Senators Bash Nvidia’s Plans for Facility in China

    United and JetBlue Form Alliance to Sell Seats on Each Other’s Flights

    Tariffs Turn Porsche’s Headwinds Into a ‘Violent Storm’

    Best Buy Falls After Trimming Outlook on Hit From Tariffs

    Kohl’s Beats Expectations in Wake of Dramatic CEO Firing

    Foot Locker Swings to Loss Ahead of Acquisition by Dick’s

    One Way to Sell Beer in Britain? Buy Into a Soccer Team.

    Sports Stadiums Are Monuments to the Poverty of Our Ambitions

    The Rise of the Japanese Toilet

    Be sure to follow me on Twitter.

  • Morning News: May 28, 2025
    Posted by Eddy Elfenbein on May 28th, 2025 at 7:05 am

    Doing Business in China Is Getting Harder, but Its Exports Are Hard to Resist

    Japan Bonds Draw Weak Demand as Rise in Superlong Yields Sparks Concern

    Now Is the Moment to Pressure Putin, Not Appease Him

    Russian Central Bank Warns of Oil Price Risks as it Defends High Rates

    Alberta Wildfires Threaten an Oil Industry Working to Refill Dry Tanks

    Central Bankers Bow to Political Winds When It Comes to Climate, Study Shows

    Krugman: A Letter to Europe

    Germany’s Jobless Numbers Tick Higher

    ECB Says Lagarde ‘Determined’ to Complete Her Term

    UniCredit to Double Stake in Greece’s Alpha Bank to Around 20%

    US Banks Tiptoe Toward Crypto, Awaiting More Green Lights from Regulators

    The GOP’s Budget Bill Will Pass in Spite of Itself

    Musk Says He’s ‘Disappointed’ That Trump Tax Bill Raises Deficit

    Income Taxation: TheTap Root of Collectivism

    Fisher: On the Big Beautiful Bill

    Why You Don’t Lose Money in Bonds (If You Wait Long Enough)

    Wall Street’s Rush to Launch Vanguard-Style Funds Draws Warnings

    Boston Pushes Harvard, Other Colleges for Money Even as Trump Steps Up Attacks

    US Home-Refinancing Gauge Falls to Three-Month Low as Rates Near 7%

    ‘We’re In a Holding Pattern’: Home Sales and Building Slump in the Face of Uncertainty

    EU Aims to Cut Red Tape, Boost Funding to Lure Tech Startups

    DeepSeek Unveils Update to R1 Model as AI Race Heats Up

    Watchdog Probes Illegal Use of Starlink Service in South Africa

    Droga Steps Down as CEO of Accenture Song, the Marketing Unit He Helped Build at Consulting Giant

    Honeywell Enters Cooperation Pact With Elliott Before Breakup

    Brazil Sues EV Giant BYD Over ‘Slavery’ Conditions at Plant

    Jeep Maker Stellantis Names Americas Boss as CEO

    GM’s Mary Barra on the Auto Giant’s EV Strategy

    Macy’s Cuts Profit Outlook Despite Solid Spring-Season Sales

    Luxury Brands Are Paying for Over-the-Top Price Hikes

    Be sure to follow me on Twitter.

  • CWS Market Review – May 27, 2025
    Posted by Eddy Elfenbein on May 27th, 2025 at 5:51 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 stock market got a nice bounce today after President Trump said he’s going to delay the 50% tariffs on the EU.

    It’s interesting how any news of a tariff pause sends the bulls charging but any warning of tariffs to come brings out the bears. It’s clear that Wall Street doesn’t like tariffs.

    At one point, the Dow was up more than 740 points today. The S&P 500 was up by 2.0% while the Nasdaq was up by 2.5%. I talk a lot about the 200-day moving average. This is a good example of why. The S&P 500 bounced almost perfectly off its 200-DMA. The Russell 2000 was particularly strong today.

    President Trump said he’ll push the EU tariffs back to July 9. He’s making the move as part of a request from Ursula von der Leyen who is the president of the European Commission. The original date for the tariffs was for June 1.

    President Trump took to Truth Social: “This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the European Nations for Trade with the United States of America.” The EU said it will fast-track trade talks with the U.S.

    Through May 19, the S&P 500 had put together a very nice run of 17 up days in 20 sessions. That came to an end last week as the index fell on Tuesday, Wednesday, Thursday and Friday. Today’s rally is walking back most of last week’s damage.

    The 30-year Treasury yield fell back below 5%. There were some concerns last week when a Treasury auction showed unusually light interest. This was particularly worrying to some because it shortly followed the credit downgrade from Moody’s.

    Interestingly, shares of Tesla (TSLA) got a nice boost today after Elon Musk said he’s going to pull back on his political endeavors. Tesla sold only 7,261 cars in Europe in April. That’s down 49% from last year. The overall EV market saw an increase of 34.1%. Shares of Tesla have lagged the market for more than three years.

    When a stock goes up, shareholders will forgive most anything. But when a stock starts to slide, their patience wears thin. All things being equal, I prefer to invest in a company whose CEO keeps a low profile.

    We’re not quite done with earnings season, but we’re getting very close. So far, 95% of the companies in the S&P 500 have reported results. Of those, 78% have topped estimates. This week, we’re getting Nvidia’s (NVDA) earnings report which will be very closely watched. The report is due out after tomorrow’s closing bell. Wall Street expects earnings of 75 cents per share. That’s up from 61 cents per share for last year’s fiscal Q1.

    The other earnings report to look out for will come from Costco (COST). I highlighted the company last week and explained why I’ve been such a big fan over the years. Last time, Costco had a rare earnings miss ($4.02 versus $4.10 per share). This time, Wall Street expects earnings of $4.23 per share. Costco’s earnings report is due out after the closing bell on Thursday.

    We also had good economic news this morning. It seems that consumers are in a much better mood. This morning, the Conference Board’s Consumer Confidence Index came in much stronger than expected. For May, Consumer Confidence was 98.0. That’s an increase of 12.3 points over April. For May, Wall Street had been expecting 86.0.

    This snaps a streak of five straight monthly declines. What caused the surge? It seems that President Trump’s decision on May 12 to hold back on the most severe tariffs certainly played a role.

    The present situation index increased to 135.9, up 4.8 points, and the expectations index posted a major surge to 72.8, a 17.4-point gain. Investors also showed more optimism, with 44% now expecting stocks to be higher over the next 12 months, up 6.4 percentage points from April.

    Views on the labor market also improved, with 19.2% of respondents expecting more jobs to be available in the next six months, compared with 13.9% in April. At the same time, 26.6% expect fewer jobs, down from 32.4%. However, the level of respondents saying jobs were “plentiful” edged higher to just 31.8%, while those saying employment was “hard to get” increased to 18.6%, up 1.1 percentage points.

    Consumer confidence was higher for every income bracket. Consumer confidence is an interesting metric to watch because it’s not visible and it’s hard to measure, but if you don’t have it, it can be terrible.

    Last week, we had a great earnings report from one our Buy List stocks. Intuit (INTU), the TurboTax people, reported earnings of $11.65 per share. That was up 18% over last year, and it beat Wall Street’s consensus of $10.91 per share.

    The CEO said Intuit is “becoming a one-stop shop of AI-agents and AI-enabled human experts to fuel the success of consumers and small and mid-market businesses.”

    But the best news is that Intuit raised its full-year guidance. Intuit now see its profits ranging between $20.07 and $20.12 per share. That’s a growth rate of 18% to 19%. The previous guidance had been for 13% to 14%.

    Shares of Intuit jumped 8.1% on Friday, and another 3.4% today. The shares hit a new 52-week high today. I won’t give you the “hard sell,” but you can sign up for our premium newsletter here. This is where we discuss our Buy List in greater detail.

    The Federal Reserve doesn’t meet for another three weeks, but tomorrow the Fed will release the minutes of its last FOMC meeting. At that meeting, the Fed decided against raising interest rates, which was widely expected, but I’ll be curious to see what the reasoning was inside the Fed.

    Over the last few weeks, the market has gradually changed its outlook for the Fed. Wall Street no longer sees the Fed as being willing to lower rates so aggressively.

    Futures traders currently see the Fed lowering interest rates in September, but even that’s not an overwhelming proposition. The current probability of a September rate cut is 62%. The market only expects two rate cuts for the rest of this year.

    Also today, the Atlanta Fed’s GDPNow model sees Q2 growth of 2.2%. That’s down a little from the prior forecast of 2.4%. The estimate for real gross private domestic investment growth fell from +0.7% to -0.2%. Today’s Case-Shiller Index on home prices showed the first monthly decline in home prices since 2023. The data is seasonally adjusted.

    On Thursday, the government will update its report on Q1 GDP growth. The initial report said that the economy grew by only 0.3% for the first three months of this year. I don’t expect to see much of a change.

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

    – Eddy

  • Morning News: May 27, 2025
    Posted by Eddy Elfenbein on May 27th, 2025 at 7:04 am

    Japan Will Spend $6.3 Billion to Shield Its Economy From Trump’s Tariffs

    Global Bonds Rally as Japan Looks to Stabilize Its Debt Market

    China’s Industrial Profit Growth Accelerated in April

    Toy Company Still In Crisis Despite Reduced Tariffs on China

    China Turns to Consumers to Boost Growth, but Households Are Wary

    China’s Soft Spot in Trade War With Trump: Risk of Huge Job Loss

    German Consumer Confidence Edges Higher Despite Tariff Uncertainty

    Eurozone’s Economic Outlook Picks Up After Tariff Turmoil Abates

    French Inflation Declines, Opening Door to ECB Rate Cut

    Swiss Watch Exports Jump in April Boosted by U.S. Frontloading

    Buying 100% Made in America Is Really, Really Hard. These People Are Trying.

    U.S. Ships Championed by Trump Cost 5 Times as Much as Asian Ones

    Trump’s China Tariffs Are Having a ‘Massive Impact’ on Small Business

    HSBC Cuts Dozens of Analyst Jobs in Investment Banking Overhaul

    US Fund Managers Put on Notice by $65 Billion Dutch Investor

    The US Is About to Discover if Deficits Don’t Matter

    The Silver Tsunami Is Keeping the US Economy on Track

    There’s No Such Thing As ‘Exorbitant Privilege,’ There’s Just Production

    Stablecoin Issuer Circle, Shareholders Seek $624 Million in IPO

    Private Equity Fundraising Plunges Amid Struggle to Return Cash

    The Economic Consequences of Destroying Harvard

    Singapore’s AI Push Charts Path Toward Localized Models

    Tech’s Trump Whisperer, Tim Cook, Goes Quiet as His Influence Fades

    Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back?

    The Republican Assault on EVs Is Almost Complete

    Tesla’s Europe Sales Nearly Halve In April

    Yes, That 18-Wheeler on a Texas Highway Is Driving Itself

    Salesforce Nears $8 Billion Deal for Informatica

    Temu Owner PDD’s Profit Nearly Halves as Revenue Growth Slows to Three-Year Low

    Retailers Pummeled by Trump’s Trade War Entertain More ‘Take-Private’ Offers

    Inside the Test Kitchens Helping Restaurants Navigate the Trade War

    The N.B.A.’s Age of Dynasties Is Over. Will That Hurt Its Business?

    Be sure to follow me on Twitter.

  • Morning News: May 26, 2025
    Posted by Eddy Elfenbein on May 26th, 2025 at 7:14 am

    Global Central Banks Talk Harsh New Economic Realities in Tokyo

    Moody’s Rethinks Its Rating Spectrum on the G-7

    Trump’s Tariffs: Where Things Stand

    The 90-Day Rush to Get Goods Out of China

    Your Patio Furniture Set Is Going to Cost a Lot More This Summer

    China Has Special Access to Rare Earths — From Myanmar

    Big Miners Want New Blood to Tackle an Old Problem

    Trump’s Tariffs and Tax Bill May Derail U.S. Battery Industry

    Moderate House Republicans Did What They Do Best: They Caved

    Chinese Auto Stocks Fall on Fears of Fresh Price War

    Xi Mulls New Made-in-China Plan Despite US Call to Rebalance

    Chinese, EU Trade Heads to Meet as Trump Tariff Tensions Rise

    Trade Between the U.S. and EU Is Massive. We Break It Down.

    Trump Delays E.U. Tariffs Until July 9

    Ring-Fencing Was a Good Idea That UK Banking No Longer Needs

    If They’re Telling You Why Treasury Yields Are Up, They Don’t Know Why

    Kashkari Says ‘Not Sure’ on Interest Rate Moves by September

    Jerome Powell Tells Princeton Grads Not to Take Universities for Granted and that ‘Integrity Is All We Have—Guard It Carefully’

    How Student-Loan Crisis Will Show Up in the Economy

    Trump Allies Look to Benefit From Pro Bono Promises by Elite Law Firms

    Trump Backing for a Nippon Steel Deal Leaves Big Questions

    Electric Vehicles Died a Century Ago. Could That Happen Again?

    Chinese EV Trucks Will Build the Cities of the Future

    Volvo Car to Cut Around 3,000 Jobs

    Malaysia, Singapore Explore Importing Wind Energy from Vietnam

    Jony Ive’s OpenAI Deal Puts Pressure on Apple to Find Next Big Thing

    ChatGPT’s Improved Memory Points Toward a More Personal AI

    At Amazon, Some Coders Say Their Jobs Have Begun to Resemble Warehouse Work

    Meituan Profit Soars as Revenue Beats Estimates Despite Rising Competition

    ‘Lilo & Stitch’ and Tom Cruise Add to a Box Office Boomlet

    Be sure to follow me on Twitter.

  • Morning News: May 23, 2025
    Posted by Eddy Elfenbein on May 23rd, 2025 at 7:03 am

    EU Agrees to Reinstate Trade Quotas on Ukraine as War Drags on

    Sorry, Donald Trump, But Ukraine Is Your War

    How Middle East Oil Giants Are Building Soft Power

    Big Gas Cheered by Evidence Chinese Demand Remains Strong

    China’s Lithium City Is a Front Line of the Battery Trade War

    Japan Consumer Inflation Picks Up on Higher Energy, Food Prices

    Eurozone Wages Slowed Sharply Ahead of Tariff Blow

    Germany Upgrades First-Quarter Growth on Manufacturing Strength Ahead of Tariffs

    U.K. Retail Sales Rise for Fourth-Straight Month, Boosted by Warm Weather

    U.K. Consumer Sentiment Edges Up From Low Mood as Tariff Turmoil Eases

    Trump Threatens a 50% Tariff on EU Goods Starting in June

    Bond Market to Washington: We’ll Make You Pay

    Republicans Harness Tax Code to Punish Trump’s Political Nemeses

    The Republican Tax Bill Could Sharply Slow E.V. Sales

    US Debt Limit Nail-Biter Looms as Senate Ponders Trump Tax Bill

    Treasury Sounds Death Knell for Penny Production

    US Firms Face Biggest Hit on Trump Tariffs, HSBC Survey Says

    Under Trump, a Mainstay for Small Businesses Clamps Down

    CEOs Can Stop White House Attacks — If They Act Now

    Empathy and Ethics Needed In the C-Suite

    The FTC’s Fruitless Search for ‘Relevant Markets’

    Harvard’s Foreign Students Are Stunned and Devastated by Trump’s Ban

    Booz Allen Hamilton Revenue, Outlook Below Estimates

    Dillard’s Sues Wells Fargo for Allegedly Abandoning Co-Branded Card Relationship

    Trump Threatens 25% Tariffs on Apple If iPhones Not US Made

    Surge of Successful Tech IPOs Gives Hope to Silicon Valley Startups

    AI ‘Washers’ Can’t Exaggerate Their Way Out of This One

    The Obesity-Drug Battle Is Heating Up After Novo’s CEO Ouster

    OnlyFans Owner in Talks to Sell to Investor Group at About $8 Billion Value

    Why Is IMAX Suddenly Everywhere?

    Are You Smarter Than a Billionaire?

    Be sure to follow me on Twitter.

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

    Metal Traders Are Beginning to Look Past China’s Economic Woes

    India’s Central Bank Cautiously Upbeat on Economy Despite Trade Risks

    BOJ Board Member Noguchi Calls for ‘Measured, Step-By-Step Approach’ to Rate Hikes

    From Wealth Management to Tourism, the Gulf Reimagines Its Role

    OPEC+ Discusses Another Super-Sized Output Hike for July

    Barbarism Against Israelis Is Bigger Than Hamas

    France and Saudi Arabia Aim to Disarm Hamas in New Peace Push

    Eurozone Business Activity Declines Despite Tariff Respite

    EU to Delay Bank Rules as It Waits for Trump’s Deregulation Moves

    U.S. Trade Deals With Allies ‘Suboptimal’ Solution to Tariff Drag, EU’s Dombrovskis Says

    It’s ‘Crunch Time’ for US Importers Facing Tariff Deadlines, Customs Audits

    Trump Tax Bill Narrowly Passes House, Overcoming Infighting

    The House Passed Trump’s Megabill. Bond Investors Are Worried.

    Bond Market Warns Trump, Congress on Dangers of Swelling Deficit

    Dimon Warns of US Stagflation Risk, Says Fed Right to Hold

    Deutsche Bank CEO Calls 2025 a ‘Year of Reckoning’

    Canada’s TD Bank Tops Profit Estimates, Announces Job Cuts

    Crypto Crime Is the Future. Bank Heists Are History.

    The Trump Family’s Money-Making Machine

    Elon Musk on Political Spending: ‘I Think I’ve Done Enough’

    Musk’s Political Backpedal Leaves X Searching for Relevance

    Meet the IT Companies That Say DOGE Is Good for Business

    What Trump’s Apple Threat Means for India’s Tariff Negotiations

    Jony Ive and OpenAI Make a Long-Shot Bet to Kill the iPhone

    Facebook Is Powerful Evidence That Meta Is Not a Monopoly

    Deepfake Laws Bring Prosecution and Penalties, but Also Pushback

    Why Bureaucrats Are Bad for Businesses and Brands

    Trump’s Funding Threats Build a Case for Private High-Speed Rail

    Nike to Sell Products on Amazon Following Five-Year Absence

    Wes Anderson, De Niro Push Back Against Trump Tariffs in Cannes

    Be sure to follow me on Twitter.

  • | Older Entries »
  • Eddy ElfenbeinEddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His Buy List has beaten the S&P 500 by 72% over the last 19 years. (more)

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    eddyelfenbein Eddy Elfenbein @eddyelfenbein ·
    19h

    The relative strength of health care is at its lowest point in 25 years.

    Reply on Twitter 1929616398839582979 Retweet on Twitter 1929616398839582979 1 Like on Twitter 1929616398839582979 32 X 1929616398839582979
    eddyelfenbein Eddy Elfenbein @eddyelfenbein ·
    20h

    Growth has run well past value over the last three weeks -- which is what's supposed to happen in bull markets.

    Reply on Twitter 1929608971121299939 Retweet on Twitter 1929608971121299939 1 Like on Twitter 1929608971121299939 20 X 1929608971121299939
    eddyelfenbein Eddy Elfenbein @eddyelfenbein ·
    20h

    The S&P 500 has closed within 1% of 5,900, twelve times in the last 14 sessions. It looks like it will happen again today.

    Reply on Twitter 1929604491868787198 Retweet on Twitter 1929604491868787198 1 Like on Twitter 1929604491868787198 14 X 1929604491868787198
    eddyelfenbein Eddy Elfenbein @eddyelfenbein ·
    20h

    More office space is being removed than added for the first time in at least 25 years

    Reply on Twitter 1929603183069847917 Retweet on Twitter 1929603183069847917 1 Like on Twitter 1929603183069847917 14 X 1929603183069847917
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