CWS Market Review – September 8, 2026
Posted by Eddy Elfenbein on September 8th, 2026 at 6:12 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.”)

Wall Street got a shock on Friday when the September jobs report came in much better than expected. The number of jobs gained tripled Wall Street’s expectation. This was the biggest beat we’ve seen for August in nearly 30 years.

The stock market, however, pulled back some ahead of the holiday weekend. Stocks were down again today but not by much. The S&P 500 is still within striking distance of a new all-time high.

I say this knowing that September has traditionally been a touchy month for stocks, and October is little better.

Defensive stocks have been losing their luster in recent weeks. This comes after a good run for sectors like the one consumer staples and healthcare had through much of July.

That typically reflects optimism. Indeed, many tech stocks are leading the market again, but I’m still wary of big-cap tech as many of those stocks got hit hard in June and July, especially chip stocks.

Probably the most impressive sector in recent weeks has been financials like the S&P 500 Financials ETF (XLF). Over the last five months, financials have gained 33%. Except for minor spurts, the financial sector hasn’t been popular in 25 years. This may reflect the outlook for higher interest rates from the Fed. Also bear in mind that a bank is basically the yield curve with corporation papers. Now let’s dive into the good jobs report.

The Strong Jobs Report

On Friday, the Bureau of Labor Statistics released the jobs report for August, and it was a very good report. For August, the U.S. economy created 162,000 net new jobs. That more than tripled Wall Street’s consensus for 53,000 new jobs. It was the best report since March, and it topped the estimates for all 76 economists who were surveyed by the media. In fact, this was the largest beat for August in nearly 30 years.

The unemployment rate stayed at 4.1%. For two years, the unemployment rate has mostly stayed in the low-4% range. That’s a result of the “no hire, no fire” economy.

This was an especially important jobs report as it comes ahead of next week’s Federal Reserve meeting. Reports of the death of the labor market were grossly exaggerated. I also like to follow the U-6 unemployment rate which is a broader measure of joblessness. Last month, the U-6 rate fell to 7.7%. That’s at a two-year low.

This report may give a little boost to the hawkish case for raising rates, but it’s far from a sure thing. I suspect that traders will be betting on what the Fed will do up to the minute the policy statement is released. The last numbers show a 60% chance that the Fed will hike and a 40% chance that they’ll leave rates alone. This may be a moot point since the odds are nearly 50% for an October hike.

The Fed hasn’t touched interest rates all year. The last change came in December when the Fed lowered rates by 0.25%. The Fed hasn’t raised rates since July 2023.

President Trump welcomed the report and argued for an immediate rate cut. The president said that unless the Fed cuts rates soon, he’ll cut off trade with every nation that has a deficit with the U.S. We currently have trading deficits with 90 countries.

The government also revised higher its estimates for the previous month. The numbers for July were changed from a loss of 23,000 to a gain of 21,000, and June was raised to a gain of 11,000 from a loss of 11,000.

Here are some details from the report:

Restaurants and bars led with 59,000 new jobs, while government education rose by 42,000 and manufacturing contributed 16,000. Health care, the primary engine of job growth, saw a gain of just 13,000, compared with the monthly average of 32,000 over the prior 12 months.

There was some evidence of artificial intelligence hitting employment rolls: Information-related industries reported a loss of 23,000, putting the 12-month average at a loss of 8,000.

Women made up for 98% of the 162,000 jobs the U.S. added last month. This isn’t necessarily a “good news for women” story. Women tend to get lower-paying jobs. This stat may simply mean that hiring is clustered in a few lower-paying areas.

I was glad to see that average hourly earnings rose 0.3%. That matched Wall Street’s consensus. Over the last year, average hourly earnings are up by 3.1% which is basically in line with inflation. Inflation hasn’t been below the Fed’s 2% target in more than five years.

Here’s a look at the real Fed funds rate, meaning adjusted for inflation.

Next week’s policy statement will be interesting because there were three dissenting votes at the last Fed meeting. It’s unusual for the Fed to be so divided.

Despite some encouraging data, many Americans are still feeling uneasy about their finances. Earlier today, the New York Federal Reserve released its latest ‌Survey of Consumer Expectations.

The Fed’s report shows that many Americans are still worried about the jobs market and their own finances. For example, over the next year, Americans expect inflation of 3.6%. That’s quite high and I’m sure this fact hasn’t escaped the notice of Kevin Warsh.

Americans think the unemployment rate will rise to its highest level since Covid. One good note is that the expectations for losing a job fell a little.

The next big event for the market will come on Friday when the government releases the CPI report for August. While it’s true that inflation has improved, we’re still not yet at the Fed’s 2% target.

For Friday’s CPI report, Wall Street expects headline inflation to increase by 0.4% and the core rate to be up by 0.2%. For the trailing 12 months, Wall Street sees headline inflation up by 3.4% and the core rate up by 2.4%.

That’s all for now. The August CPI report is scheduled for Friday. I’ll have more for you in the next issue of CWS Market Review.

– Eddy

Morning News: September 8, 2026
Posted by Eddy Elfenbein on September 8th, 2026 at 7:12 am

Russia, India Seek BrahMos Upgrades as Putin, Modi Set to Meet

The US Is Running Out of Weapons. Blame Congress

Oil Climbs Toward $100 a Barrel Following Houthi Attacks

Before ‘Drill, Baby Drill’ In Venezuela, Better ‘Underground Eyes’ Needed

Tamarack Valley to Merge With Headwater Exploration in Over $7.24 Billion Deal

China’s Surging Exports Loom Over Trump’s Talks With Xi

Three Numbers That Show Just How Big China’s Export Boom Is

German Exports Decline for First Time in Six Months

Canada Imposes New Tariffs on U.S. Goods, as Trade War Intensifies

How US Tariff Fears Are Driving Record Copper Prices

Why the BOJ Will Bet Small on Rate Hikes Now to Avoid a Bigger Shock Later

Sahm: The Fed’s Credibility Depends on Resisting Politics, Not Playing It

Why Stocks Are Defying Gravity and What Could Bring Them Down

How Almar Latour Steers Dow Jones Through Disruption

US Earnings Upgrades Are on Their Longest Run in Five Years

You Bought the Stock, But Who Gets to Call the Shots?

Millennium Nears $100 Billion in New Era for Giant Hedge Funds

Bobby Jain’s Hedge Fund Made $1.8 Billion as Millennium Cash Rolls In

India Eyes AI for Next Finance Leap After Digital Payments Boom

EverBank to Combine With WaFd to Create $75 Billion Bank

Robinhood Wins a New Role in the Oura IPO: Underwriter

Why Labor’s Share of Wealth Is Shrinking

French A.I. Start-Up Mistral Raises $3.5 Billion as Part of Strategy Shift

AI Models Buy Time for Forecasters Tracking Hurricanes

Apple’s $2,000-Plus Foldable iPhone Was a Decade in the Making

SpaceX Set for Boost From Potential Jump in Nasdaq 100 Weighting

The U.S. Is Losing Its Ability to Store Water When It Needs It Most

A Loyal Dissent On the U.S. Manufacturing “Boom”

Canadian Jet Maker Is Target in Trump’s Trade War

GE Aerospace to Buy Consolidated Precision Products for $11.75 Billion

Seaweed Is Their Way of Life. A Company’s Sweeping Plan Threatens It.

The World Can’t Get Enough of These Japanese Sneakers

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Morning News: September 7, 2026
Posted by Eddy Elfenbein on September 7th, 2026 at 7:03 am

Oil Prices Churn After U.S. and Iran Trade Strikes

OPEC, Allies Agree to Keep Oil Output Steady in October

Trump’s Empire of Extraction Will Backfire

China to Pump $54 Billion Into State Banks, Insurers in Capital-Boosting Push

Yen Rises to Highest Since February, Tops Intervention Rally

Washington May Have Discovered the Limits of Economic Sanctions

Trump Says Canada’s Dollar ‘Imbalance’ With US Is Unacceptable

Canada’s Retaliatory Tariffs Set to Take Effect as Trump Threatens to Escalate

Trump’s ‘Erratic’ Tariffs Hurt Economy, House Democrat Says

Global Reserves Shift From Dollar Overstated, NY Fed Study Says

The Fed’s ‘Family Fight’ Spills Into the Open Before Key Rate Decision

The Fed Doesn’t “Print,” And The Federal Government Doesn’t “Spend”

Bitcoin Hack Drains $320 Million From Crypto Network

Switzerland’s New UBS Plan Is Complex, Costly And Bad

America’s White-Collar Workers Feel Stuck in Jobs They Don’t Like

Germany Is In a Very Dark Place, and Time’s Running Out

How a Blacklisted Chinese Tech Giant Kept Buying America’s Best A.I. Chips

Jensen Huang Says “AGI has arrived” Following OpenAI’s GPT-6 Astra Launch

Target of Artificial General Intelligence May Be More Like a ‘Spiritual Concept’ for AI Leaders

When AI Goes Haywire, It Can Resemble a Teenage Psychopath

Social Media in China Is Getting Really Dark

The Sealed Document TikTok Doesn’t Want Two Senators to See

Spain Got a Head Start on Renewables — Now It Needs a Battery Revolution

German Industrial Production Contracts on Auto Sector Slowdown

A Tidier Rivian (in Size and Price) Is Ready for the Suburbs

Carmakers Have a New Idea to Boost EV Range: Add a Gas Engine

Novo’s Wegovy Reversed Obesity in Study of Young Children

In Trump’s Second Term, the MAGA Merchandise Boom Is Going Bust

Hollywood’s Box Office Boom Comes With 248 Million Missing Tickets

There’s a Legal Fight Brewing at Oktoberfest

China’s Luxury Panic Leaves the US Holding the Bag

Diamond Mines Are Closing and South Africans Have Few Alternatives

Hermès Has Big Watchmaking Ambitions. The Cult of the Birkin Is Getting in the Way

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Morning News: September 4, 2026
Posted by Eddy Elfenbein on September 4th, 2026 at 7:02 am

Trump’s Missile Shield Moonshot Bets on Unproven Tech

Hegseth Has Turned the Army Into a Rudderless Ship

US Grip on Venezuelan Oil Threatens Billions Owed to China

With Venezuela’s Oil, Trump Is Doing Exactly As Conservatives Desire

U.S. Diesel Prices Set New High

Americans Are Out of Places to Hide From Fuel Crisis

‘Nothing But Headaches’: Vermont Businesses Decry Canada Tariffs

The Bond Markets Are Pushing Up Rates. Will Central Banks Follow?

Wall Street Should Know How Poorly Seoul Treats U.S. Capital

Carry Trade Exodus Fuels Yen Gain Ahead of BOJ Rate Decision

Norway Wealth Fund Proposes Cut to Government Bond Holdings

What You Can Learn From the Dutch Central Bank’s Reshuffling of Its Gold Reserves

Washington Still Hasn’t Found a Fix For the Deficit

Pimco Fund Beating 97% of Peers Cuts ‘Mag Seven’ to Bet on Asia

Investors Can’t Get Enough of QQQ. Now It Has Competition

Citi Eyes China Brokerage Unit Licence as Soon as This Month

Soaring Student Loan Debt Is Driving Some Americans Into the Military

US Mortgage Rates Climb to 6.71%, Highest Since July 2025

The American Dream Is Alive. And It’s Minting Millionaires

Wise and Salutary Neglect: Why Competition Is the Best AI Regulation

Former Google China Chief Kai-Fu Lee: China Will Win the AI Race for Reach

Altman’s Opaque AI Is Creating a New Security Dilemma

Anthropic Finalizing $15 Billion Pre-IPO Credit Facility

DeepSeek Plans Big Huawei AI Chip Order to Power New Data Center

New Apple CEO Could Use a Social Media Makeover

Amazon’s Bid for Advertising ‘Performance Premiums’ Called Out by Regulators

Tesla Begins Offering Rides in a Car Without a Steering Wheel

Tesla-Challenging EV Truck Startup Windrose Loses Most of Chinese Staff

Volkswagen Board Approves Doubling Job Cuts to 100,000 in Surprise Move

Where Does Spirit Go When It Dies?

Erica Schwartz Is Failing Her First Test as CDC Head

‘The Salt Path’ Is a Lesson in What We Want to Believe

NFL Confronts Prediction-Market Bets Embraced by Other Leagues

$100 Million Changed Notre Dame’s No-Advertisement Attitude

Starbucks Refreshed Its Menu. Chai Fans Are Losing Their Minds.

Wineries Are Offering Bingo, Picnics, Jewelry … and Sometimes Wine

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Morning News: September 3, 2026
Posted by Eddy Elfenbein on September 3rd, 2026 at 7:08 am

Trump Puts Tariffs of Up to 100% on Foreign-Made Drones

US Diesel Hits Four-Year High as Wars Strain Global Supplies

Why Trump’s Venezuela Oil Grab Is No Quick Fix for Gas Prices

Longer Middle East Deployments Strain U.S. Forces as Iran Conflict Drags On

Lloyd’s Insurance Market Sees £1.4 Billion Loss From US-Iran War

The Tiny Island Where the US and Canada Could Mend Their Rift

China-US Spat at G20 Largely Came Down to Dispute Over One Word

Yen Rallies as Intervention, BOJ Rate Risk Weigh on Wary Traders

How India Used Its Diaspora to Defend the Rupee

World’s Unusually High Dollar Exposure Risks Fueling Selloff

What’s Behind the Big Surge in US Government Bond Yields

Better Get Used to the Bond Market’s New Normal

New York’s Own Sovereign Wealth Fund? Why Not?

Fighting Illicit Finance Shouldn’t Be This Difficult

Fund Backed by Trump Sons Sold Stocks After Media Attention Drew Investors

Fewer Americans are Working or Looking for a Job. Experts Can’t Agree on Why

More Rank-and-File Workers Are Getting Paid in Company Stock

Why the Courts Struggle to Tame Big Tech

Silicon Valley’s Big Money Is About to Get a Lot Bigger

A Data Center Revolt By Historic Battlefield Is Now a Blueprint for Backlash

Don’t Blame Chinese ‘Psyops’ for Data Center Angst

Nvidia Agrees to $13 Billion Deal for AI Platform Hugging Face

AI Tax Increases Are Like the Tractor Tax Proposals of Old

The Pushback Against AI Songs Is Music to My Ears

AI’s Environmental Impact Per Task Balloons With More Complexity

Wall Street Bets on Shielding Indian Real Estate from Climate Disaster

Radiant World Sent Lender Fake Glencore Deals, Lawsuit Says

Ford’s $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One

Volkswagen Shakes Up U.S. Leadership Again After Steep Sales Declines

India’s Homegrown EV Revolution

Trump’s Tactics to Lower Beef Prices and Appease Ranchers Fall Short

Campbell’s Looks to Reset After Quarterly Loss

The Next Generation of Drinkers Is Breaking Up With Bubbly Booze

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Morning News: September 2, 2026
Posted by Eddy Elfenbein on September 2nd, 2026 at 7:04 am

Nepal Seeks Climate Compensation From China, US and India

US Diesel Hits Highest Since April as Wars Strain Supply

Venezuela’s New Crop of Oil Barons Step Up Their Dealmaking

Chevron to Invest $7 Billion Doubling Its Venezuelan Output

Tactical Nukes Are a Gateway Drug to Armageddon

Don’t Cut Off Friends to Reach Out to North Korea

The Supreme Court’s Ballroom Decision Is About More Than the Ballroom

The Multifaceted Stupidity of Trump’s Canadian Trade War

Why Canada Can’t Win the Trade War With the U.S.

China-US Yield Gap Nears Record High as Treasury Selloff Deepens

Global Debt Is Slumping But It’s Nothing Like the 2022 Rout

Yen Gains After BOJ Hawk Leaves Door Open for Outsized Hike

Treasury Yields Hit New Highs as World Leaders Squabble at Fractured G-20

Bessent’s Bond Gains Wiped Out as Treasury Yields Jump Again

What Rising Global Bond Rates Mean for Your Money

Apollo’s Slok Says US Yields Set to Rise on Iran War, Tariffs

A $40 Billion ETF Shuffle Helps Foreign Investors Dodge US Taxes

Can a Waiting Period Curb Our Risky Investing Tendencies?

Parents Push Teens to Start Investing Earlier Than They Did

Most Americans Consider Themselves ‘Working Class,’ Pew Says

South Korean FX Authorities Bought $20 Billion in Repatriated SK Hynix Funds

Tencent-Backed Enflame’s IPO Draws 4,073 Times Retail Demand

The Solution to Alleged AI Bias Will Be Found In the Market

Nvidia Nears $14 Billion Hugging Face Deal This Week

To Ease His AI Worries, Bill Gates Should Meet Karl Ravech

Don’t Be Seduced by the Language of AI

Elon Musk Wants to Make Power-Turbine Components. It Won’t Be Easy

Uber to Cut 3,300 Jobs in Company Overhaul to Reduce Management Layers

Aspen Earnings Rise as Drugmaker Targets Weight-Loss Market

Employer Health Costs Are Expected to Spike in 2027

Inside the Fight Against a Flesh-Eating Fly in Mexico

Saturday Evening Post Will Stop Printing After 205 Years

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CWS Market Review – September 1, 2026
Posted by Eddy Elfenbein on September 1st, 2026 at 6:02 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.”)

Welcome to the Late 2020s!

Yesterday, the month of August came to a close, and it was a decent one for Wall Street. The S&P 500 gained 2.6% for the month, which isn’t so bad for a monthly return.

The problem for us now is that we’re in September. Although September is one of my favorite months (football, sweaters!), it’s been a terrible month for investors. Over the last century, September has been, on average, the worst month for stocks. In fact, it’s the worst for stocks by far.

Since 1928, the S&P 500 has averaged a loss of 1.17% during September. Not only that, but October is pretty bad as well. It’s been the fourth-worst month for stocks. September and October have historically combined to give investors an unwelcomed one-two punch.

Not only did the month of August come to an end yesterday, but we’re just over two-thirds of the way through the 2020s. In fact, you could say that we’re now into the late 2020s. So far, the S&P 500 is up 137.9% this decade. With dividends, the S&P 500 is 162.8% for the decade so far.

Historically, later in the decade has been much better for investors. In fact, the market has averaged a small loss over the first quarter of each decade. After the first 80 months of a decade, where we are now, the S&P 500 has gained 87.6%. But over the final third of a decade, the S&P 500 has posted an average gain of 62.1%. That’s not bad considering the final third is only half as much time as the first two-thirds of a decade.

This has also been a traditionally tough time for stocks during the presidential election cycle. Historically, the mid-term year has been lousy for stocks, but the market turns toward the bulls during the final quarter of the mid-term year. After that, it’s been a sharp 30% bull run until the middle of the pre-election year.

Stocks and Bonds Part Ways

To be clear, I don’t put a lot of faith in these calendar effects, although I do find them interesting. For example, the stock market’s entire gain has come over the last few and first few days of each month. The middle of the month is pretty much flat.

I do have a concern lately in that the stock and bond markets seem to have parted ways. As a very general rule of thumb, the bond market tends to lead the stock market by several months. Several bear markets have been preceded by sharp downturns in bond prices. It makes sense if you view it as investors dumping safer assets and chasing riskier assets.

Here’s a chart of the S&P 500 ETF (SPY) and the Long-Term Treasury Bonds ETF (TLT):

Notice how bond prices have turned down over the last six months even as stock prices have soared. It’s the big divergence that grabs my attention. The stock market last closed at a new high on August 13. Since then, it hasn’t done much. Today, the S&P 500 fell for the third day in a row. Lately, value stocks have resumed leading the market. I suspect that’s going to last.

Higher bonds can easily harm economic growth. In fact, mortgage rates are at a 14-month high. The average rate on the 30-year fixed mortgage is now 6.87%. Those higher borrowing costs radiate out across the entire housing industry.

It’s not just here; bond prices around the world have fallen lower. In Japan and Britain, yields surged to multi-decade highs. The 30-year British Treasury is close to a 28-year high.

Tech stocks have been acting a little better lately, though they’re still well below the relative strength high we saw in early June. There’s still a lot of uncertainty as the U.S. has launched more strikes against Iran and oil prices have climbed higher. Now we’ve learned that interest rates may soon be rising again.

What Happened at the Fed’s Jackson Hole Meeting

The Federal Reserve held its annual get-together at Jackson Hole, WY over the weekend. Fed Chairman Kevin Warsh spoke on Friday, and he sounded a hawkish note.

Warsh said the Fed has more work to do to bring inflation in line with the Fed’s target. He also cautioned that there are some signs that the markets see possible risks in the near future. Investors are clearly worried about excess valuations and slower growth.

There are a few items that Warsh mentioned that I want to highlight for you. First is that Warsh tried to avoid saying anything that could be construed as guidance. That’s good to hear and it gets rid of a silly guessing game on Wall Street.

Specifically, Warsh said, “We should not indulge a regime in which market participants are looking primarily to the Fed for their next trade.” That’s very good to hear. Warsh said:

Forward guidance as a regular practice was adopted by my colleagues and me during the Global Financial Crisis. It was essential at the time, and we introduced it with much fanfare. But, as with other legacies of crises past, I believe that the practice has overstayed its welcome.

Instead, Warsh said he wanted to give his broad overview of where the U.S. economy is right now. Warsh acknowledged that the inflation picture has gotten better, but — and this is the key — he still isn’t convinced that the underlying trends have improved.

Warsh pointed out that over the last six months, 49% of the goods and services in the PCE showed annual price increases of more than 3% which is, in Warsh’s words, “still quite elevated.”

Warsh essentially declared war on inflation, and the jobs market will take the backseat.

In the trading pits, futures traders pushed up the odds of a rate hike later this month. A week ago, traders said the odds were just 43% that the Fed would hike in September.

After Jackson Hole, the odds shot up to 68%. The next Fed meeting is on September 16. Traders also see a rate hike coming at the December meeting. I’m not convinced about that just yet, but I was surprised by the defiant attitude from the Fed chairman. He makes it clear what his agenda is.

In June, I told you about the very good earnings report from Science Applications International (SAIC). This is a wonderful company. I’ve described it as the IT helpdesk for the Pentagon.

I’ll cover the stock in more detail in our premium issue, but I wanted to share some impressive numbers with you.

For its fiscal Q1 (ending May 1), SAIC made $3.23 per share. That was 41% above Wall Street’s forecast of $2.28 per share. SAIC also raised its full-year earnings range from $9.50 to $9.70 per share, to $9.90 to $10.10 per share.

Last week, SAIC reported earnings again, and again, it flattened Wall Street’s estimates. For its fiscal Q2, SAIC made $3.01 per share. The consensus on Wall Street had been for $2.31 per share.

The company raised its full-year guidance again. SAIC now sees full year earnings ranging between $10.65 and $10.75 per share. Over the last seven months, SAIC has gained more than 55% for us.

If you want to see our complete coverage on our Buy List stocks, please sign up for our premium issues here ($20/month or $200/year).

That’s all for now. The stock market will be closed next Monday for Labor Day. I’ll have more for you in the next issue of CWS Market Review.

– Eddy

Morning News: September 1, 2026
Posted by Eddy Elfenbein on September 1st, 2026 at 7:03 am

The US-Venezuela Oil Deal Looks Like It Is Built on Quicksand

US Gets Board Veto, Right of First Refusal in Venezuela Oil Deal

Two U.S. Foes Join Forces—and Threaten to Further Destabilize the Middle East

How Cooking Gas Became a Barometer for the Iran War’s Energy Shock

Iran Uses Xi-Putin Bloc to Counter Bessent’s Economic Warfare

Companies Slash Consumer Choice to Save on Import Costs

Global Bond Selloff Sends Yields to the Highest Level Since 2008

Warsh’s Pledge on Stable Prices Will Soon Be Tested

Gold Stocks Cap Best August in Decades in Debasement Trade Redux

Trillion-Dollar Dislocation Hides in Calm Credit Markets

Private Equity Wants to Invest in College Sports. Some Schools Are Wary

Bobby Jain’s Hedge Fund Made $1.8 Billion as Millennium Cash Rolls In

Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket

Kalshi Permanently Bars George Santos From the Platform

No, Social Security Is Not the Cause of the National Debt

Trump’s Popularity Has Reached a Critical Point

Shein’s Lackluster Debut Shows a Fast-Fashion Model Left Behind

China Calls Time on the Home-Sales System That Worsened Its Meltdown

Luxury Homes in Seattle Languish With AI Job Cuts and Taxes Hitting Tech Hub

Welcome to the ‘You Can’t Trust Your Own Eyes’ Election

By the Time Governments Are Regulating AI, They’re Regulating the Past

MediaTek Cements Its Standing as AI Player With Nvidia’s Backing

Apple’s 2,275% Gain Under Tim Cook Is a Tough Act for John Ternus to Follow

Amazon Sued by FTC, 22 US States Over Ad Sales Practices

Fervo Secures Its Largest-Ever Geothermal Power Deal, With Google

Road Safety Policy Rests on a Statistical Illusion

China Makes Cars So Quickly That Regulators Are Getting Worried

The Ex-Beer Baron Turning Windshield Repair Into a $7.8 Billion-a-Year Empire

‘Off the Sidelines’—Lowe’s CEO Marshals Skilled Workers Coalition

A Top Virus Scientist Stared Down Covid Lab-Leak Proponents. Now His Life’s Work Is at Stake

Chobani Plans Milk Expansion With $1.2 Billion Plant Investment

Jersey Mike’s Is Winning the Sandwich War. It Still Needs to Win Over Gen Z.

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Morning News: August 31, 2026
Posted by Eddy Elfenbein on August 31st, 2026 at 7:09 am

Global Oil Price Jumps After U.S. and Iran Trade Attacks

LNG Exports Though Hormuz Remain Stalled Even as Oil Flows Rebound

Trump’s Venezuela Oil Grab Reprises Industry’s Neocolonial Past

How Long Will China’s Trump Dividend Last?

Canadian Small Businesses to Bear Brunt of New U.S. Tariffs

The Strongest El Niño in a Generation Is Wreaking Havoc on Global Economy

G20 Finance Officials Gather in U.S. as Iran War Grips Global Economy

Bessent Faces Credibility Test Selling ‘American Growth Agenda’ to G20

The G-7 Is Down One Rather Obstreperous Member

Trump Is Copying Putin’s Losing Playbook With Canada

At Jackson Hole, Global Central Bankers Glimpse Dystopian AI Future

Warsh Takes a Page From Aerospace Pioneers to Find the Right Stuff

Bond Investors Wary After Warsh Speech Fuels Rate-Hike Bets

The Pillars of the S&P 500 Are Perceptibly Shifting

Free Markets and Free Speech Make Dollars and Sense

Cash-Strapped Colleges Are Draining Their Endowments to Survive

Bill Gates Has a Spotty Vision About the Future

Corporate America’s Profits Are Booming—and Signal More Good Times Ahead

Companies Are Paying for Price Cuts With Their Tariff Refunds

Apple’s Ternus Takes the Reins as CEO, With AI as Job No. 1

KKR Turns Private Jet ‘Gas Stations’ Into a $10 Billion Coveted Asset

A 104-Year-Old Farmer’s $183,000 Tractor Sale Tests a US Farm Recovery

AI-Driven Cyber Risk Is Top Concern for Global Financial Stability, Watchdog Says

Pennsylvania’s A.I. Gold Rush Meets Second Thoughts

AI Burnout Hits the People Charged With Defending Hospitals and Banks From Hackers

Saudi AI Firm Humain, Applied Intuition Partner on Self-Driving Trucks

Chinese Cars Could Be Huge in U.S., and That’s the Problem, Officials Say

A Half-Price Luxury E.V. Comes With a Big Asterisk

A $480,000-a-Year Pill Reflects a New Normal for Cancer Drugs

Lilly to Buy Merida for $2.88 Billion for Autoimmune Work

Forget GLP-1 Stocks, Baldness Drugs Are Wall Street’s Next Goldmine

India’s Tourism Paradox

Don’t Count Shein Out Just Yet

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Morning News: August 28, 2026
Posted by Eddy Elfenbein on August 28th, 2026 at 7:03 am

How the War in Iran Is Redrawing the Global Energy Map

Panama Canal Congestion Drives Gas Tankers to Unusual Routes

Venezuela Weighs OPEC Exit as US Discusses Oil Stake

Why These Giant Storage Tanks Increasingly Hold Very Little Oil

Why the US Trade War With Canada Is a ‘Bar Fight’

The View From Canadian Businesses—Empathy for Workers, No Panic

JPMorgan and Apollo Urge Inflation Focus for Warsh’s Big Speech

Warsh Owes Investors a Jackson Hole Reset

Jackson Hole History Shows Fed Chief Rarely Shocks Stock Market

Why Warsh’s Key Test at Jackson Hole May Be Offering ‘Backward’ Guidance

What’s Going On at the Treasury?

US Bank Regulators Finalize Rules Defining ‘Unsafe’ Bank Practices

Carry Trades to Treasury Twists: A Guide to the Hot Debates on Wall Street

Texas’ Y’all Street Won’t Mess With Wall Street

The Texas Senate Race Is Becoming a Debt Debacle

How the AI Investment Craze Is Keeping the Global Economy Afloat

Investor Frenzy for AI Strips Safeguards From Convertible Bonds

What Would Quantum Computing Mean for Markets?

Advent and Stripe Abandon $50 Billion Pursuit of PayPal

How a Gambling Addict Relapsed After He Discovered Kalshi

Americans of All Incomes Head to Dollar Stores to Stay Frugal

Where to Invest Now as Data Centers Turn Copper Into a Hot Commodity

How Radiant World’s ‘Prince’ Has Banks Chasing Fake Invoices

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Timber Was Gold in the South—Until a Market Collapse Crushed the Forest Economy

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A $17.1 Billion Vote of Confidence That Jonathan Haidt Was Right

How Meta’s $18 Billion Settlement Could Change Social Media

Did Meta’s Big Settlement Actually Help It?

Blue-Collar Jobs Are the New Flashpoint in Data-Center Fight

Clashes Cloud Shawn Fain’s Re-Election Bid at U.A.W.

BYD’s Overseas Push Drives Quarterly Profit Growth

The Automotive Aftermarket As a Way of Gauging the Economy’s Health

College Football Jersey Deals Reinforce Inequality

European River Cruises Upended as Drought and Low Water Take a Toll

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