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Morning News: April 22, 2026
Posted by Eddy Elfenbein on April 22nd, 2026 at 7:06 amIran 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 amPutin’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 amChaos 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
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 amOil 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 amTurkey 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 amThe 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
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
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
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Morning News: April 14, 2026
Posted by Eddy Elfenbein on April 14th, 2026 at 7:02 amChina 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
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 amChina’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 amFalling 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 Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His