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  • Morning News: April 22, 2026
    Posted by Eddy Elfenbein on April 22nd, 2026 at 7:06 am

    Iran Gunboats Menace Hormuz as Its Own Tankers Test US Blockade

    Oil Prices Creep Up as Investors Weigh Cease-Fire Extension

    Hoarding Is Driving Energy Prices Higher Everywhere

    Lufthansa Cuts 20,000 Flights to Save Fuel as Iran War Fallout Spreads

    Iran War to Impact Shipping Long After It Ends, Japan’s MOL Says

    Tariff War, Post-SCOTUS Update

    Maybe Trump Shouldn’t Visit Xi After All

    Warsh Ties Himself in Knots to Please Trump. It Can’t Last

    Trump’s Showdown With Tillis Complicates Warsh Path to Fed Chair

    Market Prices Don’t Much Care About Democrats and Republicans

    When Risk and Fear Rally Together: The Stock/Gold Conundrum

    As Blue Owl’s Strains Worsened, Its Bankers Pitched a Long Shot

    White House Math Collides With Intent of Crypto Market Structure

    MAHA’s Hopes for Healthier School Lunches Collide With Trump’s Spending Cuts

    Steak ‘n Shake Hires First ‘Chief MAHA Officer’

    A $440,000 Breast Reduction: How Doctors Cashed In on a Consumer Protection Law

    AI Startup Has Helped Reverse Thousands of Denied Health Insurance Claims

    Boeing Narrows Cash Burn in First Quarter as Deliveries Rise

    US Airlines Need an M&A Shake-Up, Not a Bailout

    How the Airline Industry Could Be Impacted if Spirit Airlines Is Liquidated

    Apple’s New CEO Will Need to Stave Off Exodus of Top Talent

    Anthropic’s Mythos Model Is Being Accessed by Unauthorized Users

    Google’s Internal Politics Leave It Playing Catch-Up on AI Coding

    Amazon Is Wielding Its Superpower Over AI Shopping Bots

    The Consequences of SpaceX’s Latest A.I. Moonshot

    Mars or the Moon or A.I.? Elon Musk’s Changing Goals for SpaceX.

    Boston Scientific Net Grows Sharply

    Best Buy CEO Corie Barry Steps Down After Years of Tepid Growth

    Philip Morris Sales Rise on International Growth

    Getting to the World Cup Might Mean Paying $250 for Parking or $30,000 for a Helicopter

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  • Morning News: April 21, 2026
    Posted by Eddy Elfenbein on April 21st, 2026 at 7:07 am

    Putin’s High-Tech Russian Submarines Goad NATO Deep Below the Atlantic

    Oil Prices Recede and Stocks Gain as Investors Eye Peace Talks

    Top Oil Traders Warn Worst of Demand Hit From War Is Yet to Come

    How Trump’s Fed Drama Risks Backfiring — and Keeping Powell in Power

    3 Things to Know About Fed Chair Nominee Kevin Warsh

    Bill Ackman Is Dangling the Chance of a Quick Buck

    Credit Card Fintech Mission Lane Applies to be National Bank

    How Our Daily Drive Offers Valuable Lessons About Markets

    High Schoolers Need Economics, Not Just ‘Financial Literacy’

    Tax Rates Are Dangerously Misleading As a Tax Burden Gauge

    The Town That Reveals All of Trump’s Bad Economic Ideas

    Trump, GOP Stockpile $1 Billion in Cash Ahead of Midterms

    Trump Is Erasing Civil Rights Laws in Ways Reagan Couldn’t

    Are Peptides Just Snake Oil? Don’t Ask the FDA

    UnitedHealth Group Reports Flat First-Quarter Earnings

    Supreme Court Reviews F.C.C.’s Enforcement Power Against Communications Companies

    GE Aerospace Tops Estimates as Travel Boom Trumps War Impact

    Even Without Internet Access, Prisoners Are Trying to Benefit From A.I.

    How Apple Became a $4 Trillion Company Under Tim Cook

    What to Expect in Apple’s New Era

    Apple’s Next CEO Ternus Inherits a Bold Gamble on Hardware

    Apple Bets New CEO John Ternus Will Bring Back Jobs-Era Decisiveness

    3M Quarterly Profit Falls as 2026 Views Reiterated

    Inside the Nasty Fight Between Two of the World’s Most Storied Gun Makers

    TikTok Makes Americans Want Chinese EVs They Can’t Have

    D.R. Horton Posts Lower Profit

    American Tourists Get Hip to Canada’s Charms

    How Chobani Turned Greek Yogurt Into an American Refrigerator Staple

    A Little Pressure Helped Pepsi. Can the Rest of the Food Industry Follow?

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  • Morning News: April 20, 2026
    Posted by Eddy Elfenbein on April 20th, 2026 at 7:04 am

    Chaos in Hormuz Should Be a Reality Check for Oil Prices

    Big Oil Plows Billions Into Far-Flung Drilling Sites to Escape Iran Turmoil

    Why Gas Prices Go Up Fast and Take So Long to Fall

    UAE’s Fertiglobe Says ‘Toppy’ Nitrogen Fertilizer Prices Have Room to Rise

    The Peace Rally Gets Derailed

    A Wartime Economy Would Be Different This Time

    China Pushes Back Over Criticism of Its Giant Surpluses

    Trump Administration to Begin Refunding $166 Billion in Tariffs

    Kevin Warsh Pitched a Case for Fed Rate Cuts. His Future Colleagues Are Skeptical.

    Warsh’s Fed Confirmation Hearing Is Next Driver for US Debt

    The Hot Hedge Fund Strategy Triggering a Pay Bonanza for Traders

    JPMorgan and Citi Square Off on the Next Payments Frontier

    Crypto Hack Sparks $9 Billion Outflows From Biggest DeFi Lender

    The Night the Government Closed the Skies Over El Paso

    Javier Milei Wants to Rewire the Argentine Mind

    As Measles Takes Toll on Kids, Anti-Vaxxers Have Change of Heart

    They Went Abroad to Save Money. Moving Back Seems Unaffordable.

    Florida’s Population Boom Fizzles as High Costs Drive Away Middle Class

    The Wealth Gap Is Decidedly Not What You Think It Is

    Bipartisan Senators Warn United and American Airlines on Potential Merger

    Wheels Up Wants High-End Travelers to See Flying Private as ‘Not So Far Out of Reach’

    Why Are Workers Stuck? Not Enough Employers

    AI Foretells a Future of Abundant, Happy Work

    Meta’s Victory Lap Over Google on Ads Will Be Short

    Google Eyes New Chips to Speed Up AI Results, Challenging Nvidia

    Breaking Up the Streamers Won’t Save Competition

    Netflix’s Hastings Was Always Ahead of the Curve

    At Netflix, Progress for a Price. I Miss the Red Envelopes

    Allbirds’ Move to AI Has Echoes of the Dot-Com Frenzy

    C.E.O.s Are the Heads of Companies. Should They Also Be the Face?

    Honeywell to Sell Productivity Unit for $1.4 Billion

    Car Owners Are Revolting Over Tesla’s Self-Driving Promises

    The $400 Million Machine That Spawned the World’s Most Coveted Toy

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  • Morning News: April 17, 2026
    Posted by Eddy Elfenbein on April 17th, 2026 at 7:02 am

    Oil Majors Lose Another Appeal of $5 Billion Kazakh Sulfur Fine

    France and Germany Split on Europe’s Role in Securing Hormuz

    Surging Gas Prices Have Hit These US Cities the Hardest

    What Lagging Jet Fuel Supplies Could Mean for Airlines and Travelers

    Yield Bets Pay Off for Traders Willing to Tune Out War Risks

    Buffer ETFs Are Insurance You’re Better Off Without

    Let’s Not Worsen the Illness of Debanking With More State

    State Street Profit Rises On Fee Growth

    America’s Global Rizz Is Going Up in Smoke

    Can a Republican Defy Trump and Survive? We’re About to Find Out

    Hegseth Says Climate Change Is ‘Crap.’ The Military Is Still Bracing for It

    It’s Harder to Hide From a Bad Job Market in Grad School

    Housing’s Spring Selling Season Is Here. It’s Not Looking Pretty

    Want to Retire Rich? Here Are Strategies You Can Deploy at Any Age

    Cancer Cures In the ‘Closed Economy’ That Is the World Economy

    Paul Ehrlich, and the Perils of the Scientific Deformations

    In Space, No One Can Whine About Inequality

    Anthropic’s Mythos Gatecrashes IMF Meetings

    Washington’s Scramble to Get Anthropic’s Powerful New Model

    Why the AI Backlash Is Only Going to Get Worse

    The $10 Billion Startup Training AI to Replace the White-Collar Workforce

    Nvidia Alum Rides China’s Robotics Wave to 187% Debut Pop

    Alstom Shares Plunge on Profit Warning

    Pentagon Seeks Help From Ford and G.M.

    Ford Will Partner More With Chinese Automakers Overseas

    Netflix Chair Reed Hastings to Leave Board in June

    Ellison Pledges at Least 30 Paramount-Warner Movies a Year

    Chocolate Makers Look to Cut Down on Cocoa After Price Volatility

    OpenTable Won Over the Wrong Customers, Then Changed Course

    The Only Thing N.B.A. Players Love More Than Basketball Is Starting Podcasts

    Roger Adams Dies at 71; Invented the Rolling Sneakers Known as Heelys

    What Heelys Taught Me About Momentum

    QVC Files for Chapter 11 Bankruptcy, Plans to Restructure $6.6 Billion of Debt

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  • Morning News: April 16, 2026
    Posted by Eddy Elfenbein on April 16th, 2026 at 7:09 am

    Turkey to Improve Transport Network as It Eyes Europe-Gulf Route

    What the U.S. Blockade Means for Iran’s Economy

    European Airlines Face Fuel Shortages Within Weeks

    The US Oil Industry Doesn’t Want the Iran War Either

    What LIV Golf’s Demise Means for Saudi Influence

    China’s G.D.P. Stronger Than Expected, Led by Infrastructure Spending

    Eurozone Inflation for March Revised Higher on Sharper Energy Prices

    European Banks Can Withstand Current Shocks, Watchdog Head Says

    The Decades-Old Legal Question at the Heart of the Fed Chair Showdown

    A Botched Fed Transition Is a Stain on Independence

    Wall Street Quants See an Edge in Polymarket Earnings Forecasts

    Schwab Assets Top Estimates as Clients Put More Money in Market

    BNY Profit Beats Analyst Estimates, Fueled by Record Revenue

    Private Credit Panic Says More About Washington Than Finance

    Tax Refund Splurge for Many Americans Is Paying Down Debt

    Congress Has a Rare Chance to Stop Warrantless Searches

    America’s War On Cartels Is a Risk For Global Banks

    Reduced Lawsuit Abuse Would Have a Salutary Price Impact

    TikTok Is to Republicans What Fox Is to Democrats

    Has the Era of the Mega-Layoff Arrived?

    Toxic Gas-Emitting Plants Get Pollution Reprieve Under Trump

    Carbon Removal Industry Reels as Microsoft Retreats

    What Happens When $90 Billion of Data Centers Come to Town

    India’s Computer Science Grads Are Unprepared for the AI Revolution

    To Make a Tech Unicorn, Mix a Few Workers With Some AI Hype

    How Anthropic Learned Mythos Was Too Dangerous for the Wild

    Mark Zuckerberg Dives Into AI to Build a Zuckbot

    Chip Maker TSMC Is More Bullish Than Ever on AI, Despite Iran War

    Musk Asks Suppliers to Move at ‘Light Speed’ on New Chipmaking Plan

    Tesla Cybertruck Sales Were Inflated by a SpaceX Buying Spree

    It’s Up to SpaceX and Blue Origin to Stick the Moon Landing

    Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I.

    Next Time You Order a Dairy Queen Blizzard, You May Be Talking to AI

    PepsiCo Sales and Profit Exceed Estimates on Snacks Rebound

    5 Takeaways From the Live Nation Antitrust Trial

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  • Morning News: April 15, 2026
    Posted by Eddy Elfenbein on April 15th, 2026 at 7:07 am

    The US and Iran Should Turn This Pause Into Peace

    IMF Warns of Deep Global Downturn if War Is Prolonged

    Trump Isolation Deepens on World Stage as Allies Rebuff, Condemn

    America’s Amateur Diplomats Are Set Up to Fail

    Europe Works on Postwar Hormuz Shipping Plan—Sans U.S.

    LA Port Chief Lays Out Lengthy Timeline for Hormuz Recovery, Sees Higher Costs

    Why Aren’t Americans Working as Hard as They Used to?

    The Retirement Countdown: How to Retire Rich

    Your Retirement Can Be Funded Without Triggering Taxable Events

    For High Earners, Tax Season Hell Is Just Beginning

    For Middle and Working Classes, This Tax Day Is Like Christmas

    All Government Spending Is Painful, and Paid for Right Now

    Prosecutors Made Unannounced Visit to Federal Reserve in DC

    If You Invested $1,000 In Trump Memecoin at Its Peak Before Presidential Inauguration, Here’s How Much You’d Have Today

    Morgan Stanley Stock Traders Join in Record Wall Street Windfall

    BofA Stock Traders Notch Record Fueled by Momentum in Markets

    BofA Discloses $20 Billion of Loans to Private-Credit Firms

    No Signs of Major Default Cycle in Private Credit, Ares CEO Says

    Pimco Buys All $400 Million of Bonds Sold by Blue Owl BDC

    Consulting Used to Be a Dream First Job. AI Changed That

    Anthropic Attracts Investor Offers at an $800 Billion Valuation

    Anthropic’s Mythos Is a Wake-up Call For Everyone, Not Just Banks

    Jane Street Invests $1 Billion in CoreWeave, Boosts Spending Plans

    China’s Data Centers Are Plugging Into REIT-Style Financing Wave

    China’s Control Over Tech Is Threatening India’s Manufacturing Dreams

    War Exposes Gaps in India’s Clean Energy Push

    How Airline Passengers Are Being Hit by the Jet-Fuel Crunch

    11 Electric Cars Worth a Look as Gas Prices Soar

    ‘We Will Not Survive’: Toyota, Honda and Ford CEOs Issue Chilling Warning About China — and It Could Hit Your Portfolio

    The Bezos Vs. Musk Space Race Is Heating Up

    Snap to Cut 16% of Workforce as It Seeks Profitability

    Quince’s Best-Kept Secret Isn’t Its Cheap Cashmere and Couches

    Hermes Sales Growth Slows as Iran War Hits Luxury Recovery

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  • CWS Market Review – April 14, 2026
    Posted by Eddy Elfenbein on April 14th, 2026 at 7:30 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.”)

    In normal markets, traders keep their eyes on boring but important things like earnings, interest rates, industrial production and manufacturing.

    Not anymore! In this market, the main drivers are things like ceasefires, the Strait of Hormuz and anything from Truth Social. Indeed, one tweet from the Commander in Chief can send the markets reeling, in any direction.

    Lately, I’m pleased to say that it’s been good news that’s moving the market. To be very blunt, the stock market is chilling out in a major way. Only a few days ago, traders were scared witless.

    On Tuesday, the S&P 500 closed higher for the ninth time in the last ten days. The index is now above both its 50- and 200-day moving averages. In fact, we’re not too far from a new all-time high. Everything we lost during the war has been made back.

    I should also note that the recent shift has been strongly tilted towards growth stocks. Over the last 10 days, growth has outgained value eight times. That’s a revealing stat. It suggests that the fear investors had is starting to wane.

    The stock market was helped by President Trump saying that the Iranians want to talk. As Churchill said, it’s better to jaw-jaw than to war-war. The S&P 500 closed Tuesday at its highest level since hostilities began. It’s possible that talks may resume before the ceasefire ends.

    Q1 Earnings Season Is Underway

    We’re also starting to get earnings reports for the Q1 earnings season. On Monday, Goldman Sachs (GS) got the ball rolling. The big Wall Street bank said it made $17.55 per share which bested Wall Street’s forecast for $16.49 per share.

    Despite the earnings beat, some of the details were disappointing. For example, income from Goldman’s fixed income, currency and credit products fell by 10%. On the plus side, Goldman’s investment banking fees rose by 48% to $2.84 billion. That was over $300 million more than expected.

    Overall profits were up 19% to $5.63 billion. Shares of Goldman pulled back after the report, but the stock has been a pretty good performer over the last few years.

    BlackRock (BLK), the ETF behemoth, said that its quarterly profits were up 46% over last year. For Q1, BlackRock made $2.2 billion. At the end of March, the company managed $13.89 trillion in assets. That’s actually down a tad since the start of the year.

    For Q1, BlackRock made $12.53 per share which topped estimates of $11.65 per share. The stock rallied 3% on Tuesday.

    Citigroup (C) also had a very impressive Q1. On Tuesday, the big bank said it made $3.06 per share for its Q1. That was above consensus for $2.65 per share. Citi made $1.96 per share for last year’s Q1. Revenue was $24.63 billion which was more than estimates of $23.55 billion.

    The bank has been paring back on its operations in an attempt to make itself leaner. So far, Wall Street appears to approve. Citi has been the best performer of the major banks on Wall Street. Since the beginning of 2024, shares of Citi are up 170%.

    Not all the companies that reported on Tuesday were banks. Johnson & Johnson (JNJ) also reported Q1 results. For the quarter, JNJ’s revenue rose nearly 10% to $24.1 billion. Earnings were $2.70 per share which was four cents above consensus. Like Goldman and JPMorgan, Johnson & Johnson is a member of the Dow Jones Industrial Average.

    Johnson and Johnson had a super block-buster drug with Stelara. At one point it was brining over $10 billion in annual sales, but now it’s lost its patent protection and it faces competition. Sales of Stelara fell by 60%. JNJ also raised its full-year revenue estimates by a little bit. Since July, the stock is up over 55%.

    Energy Prices Soared Last Month

    There’s been a lot of debate about Operation Epic Fury and its impact on the economy. For a long time, there’s been a lot of guessing but little in the way of hard evidence. We finally got a clue on Friday when the government released the inflation report for March.

    For March, the CPI increased by 0.9%. Not surprisingly, that was helped by a 10.9% jump in energy prices, and gasoline prices were up by 21.2%. Over the last year, the CPI is up by 3.3%.

    If we look past oil, then inflation isn’t so bad. For March, the core rate of inflation rose by just 0.2%. That was 0.1% less than forecast. Over the last year, the core rate is up by just 2.6%.

    Here are some more details:

    Services excluding energy rose 0.2% for the month and were up 3% from a year ago. Similarly, shelter was up 0.3% monthly and 3% annually, tied for its lowest level since August 2021.

    Food prices were unchanged for the month and up 2.7% annually, with food at home falling 0.2%. Meat prices declined 0.6% while eggs fell another 3.4% and have tumbled 44.7% over the past year. New vehicle prices rose just 0.1%.

    There were some signs of tariff and war impacts: airline fares jumped 2.7% while apparel climbed 1%.

    The surge in the CPI meant that real earnings for workers decreased 0.6% for the month, as average hourly earnings rose just 0.2%. For the 12-month period, real average hourly earnings increased 0.3%.

    The Federal Reserve meets again in another two weeks, and once again, I think we can dismiss any plans for a rate cut. In fact, I think it’s very doubtful that the Fed will make any changes to interest rates before the end of the year. According to futures traders, the earliest possible rate cut won’t be for another 14 months. That would bring us close to the middle of next year.

    Wall Street is very concerned about rising energy prices, but it apparently thinks that won’t last. Next month, Kevin Warsh is due to take over as Fed Chair. By the way, we learned today from Mr. Warsh’s financial disclosure forms that he’s worth at least $135 million.

    One concern is that the U.S. economy could find itself in “stagflation.” That’s when the economy weakens but prices rise, which is what we had in the late 1970s.

    The problem with stagflation is that it puts the Fed in a tight spot. The economy needs lower rates in order to grow, but it needs higher rates in order to stave off inflation. In the early 1980s, the Fed raised rates to the ceiling. Interest rates came close to 20%. The economy faced a brutal recession, but it finally cleansed the economy of inflation.

    That’s all for now. This week will mostly be about Q1 earnings and any news of ceasefire talks. I’ll have more for you in the next issue of CWS Market Review.

    – Eddy

  • Morning News: April 14, 2026
    Posted by Eddy Elfenbein on April 14th, 2026 at 7:02 am

    China Imposes New Rules to Block Foreign Companies From ‘Decoupling’

    China’s Export Momentum Slows Amid Iran War

    The Hormuz Blockade Is as Much About China as Iran

    Global Trade Customers Ask Container Lines to Keep Digital Transition Moving

    Trump’s Latest Oil Blockade Brings Bigger Economic Risks

    Global Oil Demand Heads for Contraction As Iran War Chokes Flows, IEA Says

    Oil Prices Slip and Stocks Gain as Investors Eye Possible Path to Peace

    What’s Driving the Wartime Stock Rebound

    For Investors Trying to Price Risk, AI Polling Is Long Overdue

    JPMorgan Profit Beats Estimates on Record Trading Haul, Strong Dealmaking

    Wells Fargo Interest Income Misses Estimates, Shares Fall

    The Salary Penalty: Why Trump’s Tax Bill Hits a Banker Harder Than a Plumber

    Crucial Home Selling Season Off to a Sour Start

    An Inflation Time Bomb Is Hiding in Home Insurance

    We Can’t Afford It Anyway

    The Death of the Basic American Car

    What Higher Oil Prices Mean for Nissan, EVs and Auto Demand

    CarMax Swings to Loss After Cutting Prices to Bring Back Shoppers

    Re-Imagining Capitalism or Re-Imagining Journalism?

    Neither Balanced Budgets Nor ‘Starve the Beast’ Will Limit Government

    Artemis Was a State Failure and a Human Triumph

    Utilities Plan to Spend $1.4 Trillion Over Next Five Years to Power AI Boom

    Stanford Report Highlights Growing Disconnect Between AI Insiders and Everyone Else

    Missouri Town Fires Half Its City Council Over Data Center Deal

    Electric Fury: Soaring Power Bills Threaten to Swing US Elections

    United CEO Has Pitched Possible Tie-Up With Rival American

    Amazon to Buy Satellite Operator Globalstar for $90 a Share

    Can Michigan Become the U.S. Drone Capital?

    J&J’s First-Quarter Sales Grow on Cancer-Drug Strength

    Unilever Bets Big on Gummies as Next Frontier in Wellness

    Imperial Brands Shares Fall After Cigarette Maker Warns of Market-Share Loss

    Hollywood Heavyweights Sign Letter Opposing Paramount’s Deal for Warner Bros.

    Social Media Just Isn’t Very Social Anymore

    No Skirts, No Shoes: The Team-Building Exercise Where You Climb on the Boss

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  • Morning News: April 13, 2026
    Posted by Eddy Elfenbein on April 13th, 2026 at 7:06 am

    China’s Electrostate Is Poised to Win From War in the Middle East

    How Iran, Suffering Under Sanctions, Diversified Its Economy

    White House Fields Warnings About Iran War’s Economic Hit

    Oil Rallies as US Vow to Blockade Iran Heightens Supply Risks

    Oil Prices Surge Above $100 After Peace Talks Fail and Trump Threatens Blockade

    The Hormuz Blockade Is a Throwdown the US Can’t Win

    It’s the Worst Time to Be an American Ally

    Hungary’s New Leader Calls for Sweeping Change After Orban

    The World’s Anti-Recession Guardrails Are Weaker Than Ever

    In Economic War, Chokepoints Beat Tariffs

    The Economy Is Growing, Jobs Aren’t. Why That Might Be OK.

    Restaurants Are Finding It Harder Than Ever to Hire Someone to Wash the Dishes

    Why More College Graduates Are Stuck in Jobs That Don’t Require Degrees

    Anxious Parents Are Spending Upwards of $50,000 to Land Their Kid a Job

    Friday’s CPI Report Was a Lot of Noise, Not Much Signal

    With Private Credit We See the Credit Cycle Hasn’t Been Repealed

    Goldman Sachs Posts Higher Profit on Strength in Dealmaking, Equities Trading

    Kalshi Is Half Right About Prediction Markets and Gambling

    The ‘Annoyance Economy’ Is More Than Just Annoying

    The Economist Is Putting Names (and Faces) to Its Magazine

    For a Housing Fix, Look to the Laboratories We Know As States

    Starting With Prices, Let’s Make Healthcare a Market Again

    Mutually Automated Destruction: The Escalating Global A.I. Arms Race

    Musk Finds a Partner in Intel for His Huge Chipmaking Dream

    Philippines Orders Meta to Tighten Measures Against ‘Panic-Inducing’ Fake News

    Meta Expected to Unseat Google as World’s Largest Digital-Ad Player

    Amazon’s Car Sales Bet Is Getting Bigger With New Brands and More Cities

    Palo Alto Networks Founder Agrees to Buy California Bank for AI Revamp

    GFL Environmental to Buy Secure Waste Infrastructure

    Ackman’s $64 Billion Universal Bet Hinges on Power Broker Bollore

    McDonald’s to Add Energy Drinks, Crafted Sodas to Menus

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  • Morning News: April 10, 2026
    Posted by Eddy Elfenbein on April 10th, 2026 at 7:02 am

    Falling Trust in America Is a Pandora’s Box for the Global Economy

    Japan Rules Out Major Domestic Risks from Private Credit for Now

    Middle East War Triggers Higher Prices in China

    Middle East Energy Shock Snaps China’s Deflationary Streak

    Europe Braces for a Spike in Inflation

    Zelenskiy Says Gulf Offers Kyiv Fuel Aid for Anti-Drone Support

    Iran Shows You Don’t Have to Be a Superpower to Wage Economic Warfare

    America Can’t Let Israel Pull It Into a Renewed Iran War

    Iran’s $7.8 Billion Crypto Economy Finds New Way to Grow After Cease-Fire

    The Price US Consumers May Pay for the War With Iran

    A Record Jump in U.S. Gasoline Prices Is Squeezing Consumers

    Consumer Spending, Engine of the U.S. Economy, Is Under Strain

    Pawn Shops Flash Warning Signs About Toll of High US Gas Prices

    The Iran War Has Prompted Some Companies to Raise Prices

    Forever Stamp Prices to Rise 5% This Summer

    Oil Goes Higher and Stocks Rise Ahead of U.S. Inflation Report

    The Fed Cannot Unclog Global Shipping Lanes

    The $39 Trillion Habit That Washington Cannot Quit

    Budgets Used to Be About Fiscal Control. Not Anymore

    How Prediction Markets Turned the World Into a Casino

    Ares Plans Smaller Private Credit Fund After Record Predecessor

    Anthropic Will Rent CoreWeave AI Capacity to Power Claude

    Anthropic Model Scare Sparks Urgent Bessent, Powell Warning to Bank CEOs

    Blanche’s Experience Makes Him More Dangerous Than Bondi

    Trump’s Changes Lock Some Employers Out of H-1B Visa Program

    Florida’s Embrace of ICE Has Come at a Cost

    The Heart of the American Dream Is Opportunity, Not Guarantees

    Surging HOA Fees Are Pushing Homeowners to the Brink

    Is the T.S.A. Ordeal Really Over?

    First-Class Seats Drive Airline Profits. It Wasn’t Always This Way.

    Nuclear Power Takes Another Tiny Step Forward in the US

    When Bill Ackman Vented Over $2 Million, Fellow Billionaires Rushed to Commiserate

    How VC Money and Israel Outrage Derailed a Hot Hollywood Startup

    GoPro Is Cutting Nearly a Quarter of Its Workforce (and AI Isn’t the Reason)

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  • 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 over the last 20 years. (more)

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