CWS Market Review – April 28, 2026
Posted by Eddy Elfenbein on April 28th, 2026 at 6:02 pm

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Beginning on March 30 and ending yesterday, the S&P 500 gained 13.1%, and the Nasdaq Composite gained 19.7%. I referenced similar numbers before, you’ll have to forgive me for any repetition, but this rally has been quite extraordinary.

The stock market has vaulted forward despite uncertain geopolitical events and growing problems with certain parts of the economy.

Are investors being foolish or are there solid fundamental reasons that justify higher equity prices?

Some market watchers are calling this a bubble. I think that’s very premature, although it could be true regarding certain tech stocks. If we were to go back to the start of 2022 and adjust the market’s gains for inflation, then the market has done decently well, but nothing out of the ordinary.

On Tuesday, we finally got a reversal of the previous trend. By that, I mean that the Nasdaq fell close to 1% while the Dow 30 was nearly flat. Gold and silver also did poorly on Tuesday.

I have been surprised by how strong growth stocks have been in the recent rally compared with value. Normally growth stocks lead during up markets, but I’m impressed by how wide the gap has been. Also, prior to the recent rally, value stocks had been holding up well compared with growth. That all got washed away in less than one month.

Here’s a look at how the S&P 500 Growth ETF (in black) has performed versus the S&P 500 Value ETF (green):

The oil market was shocked today by the UAE saying it’s withdrawing from OPEC. The country has consistently pushed for higher production quotas. Iran is expected to submit a revised peace proposal. President Trump rejected an earlier proposal.

The Federal Reserve meets again this week. The policy statement will be released tomorrow afternoon. I’ll spoil the ending for you: the Fed won’t be making any changes to interest rates.

But the Fed still may generate some news. That’s because the central bank finds itself in a difficult spot. Thanks to higher energy prices, Americans are suffering from higher inflation. At the same time, the broader economy could be slowing down. To be very blunt, the U.S. economy may need higher and lower rates at the same time. Since the Fed can’t possibly deliver that, I expect rates to stay the same for some time. Futures traders don’t see the Fed touching interest until the end of the next year.

Bear in mind that the recent consumer confidence report was the lowest on record. The April jobs report won’t be out until Friday, May 8, and it may not be a good one. The jobs report for March was surprisingly good (+178,000). In fact, I wouldn’t be surprised to see that get revised lower.

What really caught my attention was the weak growth for average hourly earnings which rose only 0.2% for March. If problems show up in the economy, this is likely where we’ll see the pain first.

A Strong Earnings Season So far

Wall Street is currently digesting Q1 earnings. So far, it’s been a pretty good earnings season. The S&P 500 is currently on pace to report its sixth quarter in a row of double-digit earnings growth. (The following data is courtesy our friends at FactSet.)

This week, 180 stocks in the S&P 500 are due to report, along with 11 stocks in the Dow, and five of the Mag 7.

By the way, of the Mag 7 stocks, Wall Street desperately wants to hear how much they plan to invest in AI. In January, Microsoft, Google, Amazon and Meta said they’re aiming to spending $650 billion on AI this year. Wall Street wants to hear an update.

So far, 28% of companies in the S&P 500 have reported Q1 earnings. Of those, 84% have beaten Wall Street’s expectations. That’s well above the long-term average. (That’s right. On Wall Street, it’s expected that you beat expectations.)

Companies are also beating expectations by a larger-than-normal margin. Average earnings beats are coming in at 12.3% above consensus. That’s nearly twice the long-term average.

Earnings growth for Q1 is currently tracking at 15.1%. Actually, that number has steadily increased as we’ve seen better reports come out.

Quarterly revenue growth has been particularly strong. So far, 81% of companies have beaten their estimates for sales growth. The five-year average is at 70%. All told, companies are beating their sales consensus by 2%. For Q1, sales growth is currently tracking at 10.3%. Like earnings, that number has also trended higher. If that number holds, it will mark the best quarter for revenue growth since Q3 of 2022.

Wall Street expects very good earnings growth for this year. For 2026, expectations are currently running at 18.6%. For the remaining three quarters, the expectations are for Q2 at 20.6%, Q3 at 22.7% and Q4 at 20.4%. The forward P/E Ratio for the S&P 500 is currently at 20.9%. That’s high, but it’s not excessive.

As I look at these earnings reports, I’ve been especially impressed by the profit margin. Wide and rising operating margins are a quick and easy way to see if a company is doing well. For Q1, the market’s overall net profit margin is running at 13.4%. If that holds up, it will be highest one in FactSet’s record which goes back to 2009.

As impressive as these numbers are, Wall Street expects even better numbers this year. The current estimate for net margin is 14.1% for Q2, 14.6% for Q3 and 14.6% for Q4.

Looking at Church & Dwight

One of our former Buy List stocks, Church & Dwight (CHD) has not been performing well. I like to take notice when good companies have bad stocks. That’s often a good place to find a bargain.

Church & Dwight is your quintessential consumer staple. It tends to do well when the economy is suffering. A little more than a year ago, CHD got as high as $116 per share. Even though the market has rallied since then, shares of CHD are now trading around $96 per share. It even recently dipped below $92 per share.

Despite this, Church & Dwight’s business has remained strong. Is it really a good idea to make a long-term bet against a company that makes Arm & Hammer baking soda and Trojan condoms? Church Dwight has about 5,000 employees and it generates about $5 billion to $6 billion in sales each year. The company also makes laundry detergent, cat litter, toothpaste, deodorant, and OxiClean.

The company has beaten Wall Street’s earnings estimates for the last 12 quarters in a row. For this year, Wall Street expects earnings of $3.75 per share, and $4 per share for 2027.

Church Dwight recently raised its dividend by 4.2%. This was it 30th yearly increase in a row. In January, the company said it expects to grow earnings this year by 5% to 8%, which works out to 2026 earnings of $3.70 to $3.81 per share.

I also like that CHD has gradually exited slower-growing lower-margin businesses. That caused sales to decline, but it’s in the interest of the company over the long term. CHD also faces tariff issues as some of its products are outsourced to China.

CHD’s Q1 earnings report is due out on Friday, May 1.

That’s all for now. Stayed tuned for tomorrow’s policy statement from the Federal Reserve. I’ll have more for you in the next issue of CWS Market Review.

– Eddy

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

Eurozone Inflation Expectations Jumped in March, But Pay Growth Outlook Unchanged

The War in Iran Is Causing China to Sell So Many Solar Panels That Your Jaw Will Drop

Iran Faces Economic Reckoning as Oil Storage Tanks Fill Up

UAE to Leave OPEC and OPEC+ Next Month to Pursue New Strategy

Reopening the Strait of Hormuz Will Take More Than US Power

The Saudis Could Help End the War. Will the US Listen?

Aramco Suspends LPG Deliveries Through May on Facility Damage

The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can

It’s the Age of Electricity and America Isn’t Ready

Conservatism Could Save America. The Small-C Kind

A Government Limited by Past Debts Is the Ultimate Inheritance

How Populist Anger Fuels US ‘Tax the Rich’ Movement

The YIMBY Movement Needs Single Family Homes

Graduates Reset Ambitions in Pursuit of First Jobs

Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts

The Fed’s Rate Cuts Are On Pause. But Are They Also Off the Table?

Private Credit’s Rude Awakening Gives Bond Funds a New Edge

Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains

I Built an AI Trading Platform in Six Days. That’s Terrifying.

Chip Startup Aims to Shatter AI’s Dreaded Memory Wall

OpenAI-Linked Stocks Slump on Report It Missed Key Targets

OpenAI Is Shedding Baggage. Now It Needs a Jury’s Help

Is OpenAI Falling Further Behind in the A.I. Race?

Et Tu, Brute? What Elon Musk’s Clash With Sam Altman Is Really About.

Funds Pitching SpaceX Rush to Lure Retail Investors Before IPO

JetBlue Quarterly Loss Widens; Airline to Deepen Cost Cuts

Spirit Airlines’ Struggles Vivify a Signature Milton Friedman Quip

From the UK to South Korea, Consumers Turn to EVs as Oil Prices Spike

GM Boosts Profit Outlook as Pickups Buck Rising Gas Prices

Corning Profit, Core Revenue Rises

Coca-Cola Posts Best Sales Growth Since 2024 With Smaller Sizes

Sherwin-Williams Posts Higher Profit But Warns on Weak DIY Market

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Morning News: April 27, 2026
Posted by Eddy Elfenbein on April 27th, 2026 at 7:05 am

The U.S. Started the War. The Rest of the World Is Feeling the Effects.

The Iran War Is Starting to Expose Cracks in China’s Economy

Moody’s Upgrades China Outlook to Stable on Economic Resilience

The Iran War May Become a ‘Phoney Sitzkrieg’

The World’s Food Supply Is Under a Quadruple Attack

Shell Agrees to Buy Canada’s ARC Resources for $13.6 Billion

Ahead of the USMCA Review, Trade Personifies Wealth Creation

ECB and BOE to Leave Key Rates Unchanged as Fate of Hormuz Strait Remains Unclear

Aren’t We Making Too Big Of A Deal About The Fed’s Balance Sheet?

Fed to Hold Interest Rates as Political Drama Overshadows Policy Debate

Fed Chair Powell Confronts His Final Big Decision: Stay or Go

US Stocks Will Keep Ignoring the Iran War

Private Credit Funds Are Working Precisely As Designed To

FanDuel Is Playing Catch-Up on Prediction Markets

The $1 Million Retirement Myth: Here’s What to Save Instead

Citi to Boost Japan, China Investment Banking Teams, Plans Senior Sector-Focused Hires

Goldman, JPMorgan Show Wall Street’s Split in Quantum Computing Race

Ligand Pharmaceuticals Is Buying Xoma for Nearly $740 Million

United Airlines Abandons Pursuit of Rival American Airlines

Airlines Looking for Fare Increases to Stick, Even When Jet Fuel Costs Fall

The Rise of the High-Range, Less Expensive E.V.

The Rising Chinese Automaker Not Named BYD

How Larry Ellison’s Wealth Differs From Other Tech Billionaires

Elon Musk Says Saving for Retirement Is Irrelevant Because AI Is Going To Create a World of Abundance: ‘It Won’t Matter’

Musk vs. Altman: A High-Stakes A.I. Clash Goes to Court

China Orders the Unwinding of Meta’s Acquisition of an A.I. Start-Up

Apple Grandmaster Tim Cook Is Playing 3D Chess With AI

Colorado River Water Woes Threaten Arizona’s AI Boom

Re/Max Is Being Sold to a Tech-Focused Real-Estate Firm

Verizon Adds Wireless Subscribers in First Full Quarter Under New CEO

Spotify Premium Now Includes Peloton Classes, Marking Push Into Fitness Content

American Whiskey Distilleries Reroute Shipments to Singapore as Trade Tensions Bite

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Morning News: April 24, 2026
Posted by Eddy Elfenbein on April 24th, 2026 at 7:02 am

War and Sanctions Accelerate China’s Currency Push

Why If the War Doesn’t End Soon, Everyone Will Pay

Swiss National Bank Defends Investment Approach After Calls to Ditch Palantir Stake

Hedge Fund Collapse Sparks Global Hunt for Almost $600 Million

Who’s Getting a Tariff Refund?

Companies, Not Consumers, to Cash In Big From Tariff Refunds

Homebuyers Are Sitting Out the Key Season for Real Estate Deals

More Corporate Power Can Help Solve the Affordability Crisis

Rising Life Expectancy and Soaring Inequality Signal Beautiful Retirement

The Importation of Failed European Drug Policies

Weed Is No Longer So Bad, U.S. Says

RFK Jr. Can’t Hide From Measles’ Comeback

Batteries and Natural Gas Become Unlikely Companions

Mining the Heavens: Why Space Needs Private Ownership

SpaceX Is Widening Its Competitive Moat Ahead of a Record IPO

How Elon Musk Used SpaceX to Benefit Himself and His Businesses

Trump on Spirit Airlines: ‘I Think We’d Just Buy It’

Europe’s Attempt to Protect Children Online Crashes into Its Privacy Laws

Tim Cook Was Great for Apple Investors. He Was Not as Great for America

DeepSeek’s Sequel Set to Extend China’s Reach in Open-Source A.I.

A.I. Start-Ups From Canada and Germany Merge to Take On Silicon Valley

Sam Altman’s Next High-Wire Act: Getting OpenAI to Make More Money

Make No Mistake, AI Is Reshaping the Retail Landscape

China to Curb US Investment in Tech Companies After Meta Deal

Meta to Cut 10% of Work Force in A.I. Push

Microsoft Plans First-Ever Voluntary Employee Buyout for Up to 7% of U.S. Workforce

Jeff Bezos and Lauren Sánchez Bezos Donate $34 Million in Fashion Grants

Intel Shares Jump 20% as AI Agents Drive Big Growth

The Hottest Phone for Kids Right Now Is a $100 Landline

Lululemon’s CEO Choice Is a Missed Chance to Pacify Elliott

P&G Beats Expectations, Projects $150 Million of Commodity Costs

The Humble Bean Gets a High-End Glow-Up

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Morning News: April 23, 2026
Posted by Eddy Elfenbein on April 23rd, 2026 at 7:08 am

How China Is Tightening Rules to Defend Its Supply Chains

Fear of Shortages Boosts Global Factories, But Eurozone Activity Declines

USMCA Debate Heats Up as Transshipment Data Soars

Oil Prices Climb as Cease-Fire Uncertainty Deepens

Warsh Wants Fed Regime Change. Here’s Where to Start

Trump’s Fed Chair Nominee Fails the Big Test

The SEC’s Gag Rule: An Unconstitutional Bargain

Fannie, Freddie to Accept ‘Predictive’ Credit Scores, US Officials Say

Blackstone Distributable Earnings Rise, Revenue Climbs

American Express Profit Rises on Premium Customer Strength

In a Slow Market, Some Houses Are Still Selling Fast

Trump’s Wage Cut for Foreign Labor Is a Gift to American Farmers

Trump’s DEI Crackdown Is Coming for the NFL’s 23-Year-Old Rooney Rule

Ben Sasse Couldn’t Care Less Where a Pancreatic Cancer Cure Comes From

Trump Reclassifies State-Licensed Medical Marijuana as a Less-Dangerous Drug in a Historic Shift

France Probes Weather Data Tampering After Surge in Polymarket Bets

The Trump Administration Puts a Stop to United Airlines’ War on Competition

Inside the White House Deliberations Over Rescuing Spirit Airlines

American Airlines Lowers Earnings Goal as Fuel Bill Surges

Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline

Billions in EV Write-Downs—and New Bonus Goal Posts for Detroit CEOs

Tesla’s Spending Blasts Off. Maybe SpaceX Can Help

Investors Fret Over Tesla’s $25 Billion A.I. Bet

ChatGPT and Claude? The Real-World AI Action Is Elsewhere

Nokia Reports Rising Sales From AI and Data-Center Customers

California Is Ground Zero for the Growing Battery Backlash

Shares of Apple Supplier STMicroelectronics Jump After Strong Quarter

Netflix Boosts Stock-Buyback Program by $25 Billion

Heineken Upbeat on Profit Plans Despite Continued Pressure on Beer Sales

As U.S. Brands Stumble, China Wins Over Young Indonesians

Some Labubu Dolls Contain Cotton Banned By Forced Labor Law, Testing Shows

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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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