Morning News: December 27, 2024
Posted by Eddy Elfenbein on December 27th, 2024 at 7:05 am

South Korea Impeaches Two Leaders in Two Weeks as Crisis Deepens

India’s July-Sept. Current Account Gap Stays Flat After Revision

Japan’s Economic Recovery Continues But Progress Tentative, Uneven

China Launches Largest Amphibious Warship in Show of Naval Power

Panama President Refutes Trump’s Claim of Chinese Meddling in Canal

Trump’s Tariff Threats Are Setting Off a Global Supply Chain ‘Freakout’

The Biggest Losers From High U.S. Rates Might Be Abroad

Tether and Trump Could Be a Dangerous Combination

The Fed Is Trying—Again—to Size Up Trump

Trump’s ‘Made in USA’ Bitcoin Is Promise Impossible to Keep

Wall St. Is Minting Easy Money From Risky Loans. What Could Go Wrong?

Ark’s Cathie Wood Calls for Tax Clarity as She Rides ‘Trump Bump’

Richard Parsons, American Media and Finance Troubleshooter, Dies at 76

The 5 Biggest Forces to Watch in Corporate America

A Retirement Expert Is Giving Her Notice

Help Wanted: U.S. Factories Seek Workers for the Nearshoring Boom

Their Decisions Make or Break Your Holiday Travel at the Trickiest U.S. Airport

Boeing Headlines Industrial Prospects and Pitfalls in 2025

Railroad Labor Deals Are Messy. One CEO Is Throwing Out the Playbook.

Osamu Suzuki, Small-Car Wizard Who Built India’s Dominant Automaker, Dies at 94

Top Africa Water Firm Writes Off Millions as Cities Fail to Pay

Flood-Soaked Homeowners Face a Costly Choice: Raise or Raze

It’s Not Just Sunscreen. Toxic Products Line the Drugstore Aisles

N.F.L. Christmas Games on Netflix Break Streaming Records, With Beyoncé’s Help

Airbnb Woos Travelers With New Hotel-Like Luxury Benefits

French Billionaires Take Biggest Hit Ever on Luxury Goods Slump

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Morning News: December 26, 2024
Posted by Eddy Elfenbein on December 26th, 2024 at 7:07 am

Japan Regulator Orders Aeon Bank to Fix Money Laundering Gaps

Sekisui Chemical to Mass-Produce Solar Films in $2 Billion Project

How Typhoons and Karaoke Crashed Japan’s Insurance Industry

Xi May Be Facing a No Good, Very Bad 2025

Turkey Lowers Main Rate to 47.5% in First Cut Since 2023

Russia Attacks Ukraine Energy Network in Christmas Assault

Russia Rejects Trump Call for Ukraine Truce, But Ready for Talks

America’s Big Natural-Gas Footprint Is About to Get Even Bigger

Will Trump Cut Short the Biden Clean-Energy Boom? Investors Are Nervous.

Cutting the Deficit Is Easy—It’s Just Unpopular

Elon Musk’s Go-To Cost-Cutter Is Working for DOGE

Stock Futures Slip as Markets Poised to Reopen After Christmas

How the Stock Market Defied Expectations Again this Year, by the Numbers

Bitcoin Drops Even as MicroStrategy Plans to Sell More Shares

Corporate Interests Commit Millions to Celebrate Trump’s Inauguration

The U.S. Needs a Productivity Miracle. It Might Just Get One.

How A.I. Could Reshape the Economic Geography of America

OpenAI’s Voice Mode for ChatGPT Among Best AI Product Design in 2024

Why Taiwan’s Foxconn, an iPhone Supplier, Is Investing in Texas and Thailand

Alibaba, E-Mart to Create $4 Billion E-Commerce JV in Korea

Japan Airlines Delays Flights After Cyberattack

Coming to a Tiny Airport Near You: New Airlines

As Retailers Offered Holiday Discounts, Shoppers Showed Up

Will 2025 Be the Watershed Year for Return-to-Office Mandates? That Depends.

Eating in Designer Stores, Shopping on TikTok: Five Consumer Trends for 2025

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CWS Market Review – December 25, 2024
Posted by Eddy Elfenbein on December 25th, 2024 at 6:39 pm

Ladies and Gentlemen:

Drumroll please.

I give you our 2025 Buy List.

Abbott Laboratories (ABT)
Adobe (ADBE)
Allison Transmission (ALSN)
American Water Works (AWK)
Amphenol (APH)
Broadridge Financial (BR)
Cencora (COR)
FactSet Research (FDS)
FICO (FICO)
Fiserv (FI)
HEICO (HEI)
Henry Schein (HSIC)
IES Holdings (IESC)
Intercontinental Exchange (ICE)
Intuit (INTU)
McGrath RentCorp (MGRC)
Miller Industries (MLR)
Moody’s (MCO)
Mueller Industries (MLI)
Otis Worldwide (OTIS)
Rollins (ROL)
Science Applications International (SAIC)
Silgan (SLGN)
Stryker (SYK)
Thermo Fisher Scientific (TMO)

The five new buys are:

Adobe (ADBE)
Allison Transmission (ALSN)
Henry Schein (HSIC)
IES Holdings (IESC)
Mueller Industries (MLI).

The five sells are:

AFLAC (AFL)
Celanese (CE)
Farmer Mac (AGM)
Hershey (HSY)
Polaris (PII).

This is our 20th annual Buy List. The new Buy List won’t go into effect until the start of trading on Thursday, January 2. The 25 stocks will be equally weighted based on the closing price as of December 31.

The Five New Buys

I’ll have more to say about the new buys in upcoming issues, but I’ll share some thoughts with you here.

Adobe is best known for offering a wide range of programs from web design tools, photo manipulation and vector creation, through to video/audio editing, mobile app development, print layout and animation software. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment enables people to create content; and Document Cloud, a unified cloud-based document services platform. The flagship product is Creative Cloud, a subscription service that allows members to access its creative products.

Allison Transmission makes automatic transmissions that are used in several different industries. The stock has performed very well this year, but it’s still going for a reasonable valuation. In October, the company increased its guidance.

IES Holdings used to be known as Integrated Electrical Services before it changed its name a few years ago. IES is another stock that’s virtually unknown on Wall Street, despite having a great track record and a market cap of more than $4 billion. IES says it “designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing and commercial and industrial facilities. Our more than 9,000 employees serve clients in the United States.”

I confess that I’ve wanted to add Henry Schein for a few years. The company makes all sorts of products for the dental industry. Henry Schein tends to be a steady grower, which I like. The stock didn’t do much this year, so I thought this would be a good opportunity to add it.

Mueller Industries is a leading manufacturer of copper, brass, aluminum and plastic products. This is a classic small-cap cyclical stock. Once you realize the scope of its business, you understand that the use of Mueller’s products is seemingly endless. Mueller makes everything from copper tubing and fittings to brass and copper alloy bars and refrigeration valves. Only one analyst currently follows MLI.

The Five Sells

Coming up with the sells each year is hard, because you can’t help getting attached to some stocks. Also, as an investor, you have to admit your mistakes, which isn’t always easy, but it’s important. It’s particularly hard for me to let go of Aflac, but I think this is the right time.

The duck stock has been a wonderful investment for us, but it hasn’t grown as quickly as I’d like. Fortunately, we’re exiting the stock after a good return this year. Aflac is one of two stocks that’s been with us since the beginning. The other is Fiserv.

Celanese, ugh! This was a terrible investment. Celanese had a so-so year last year. This year, the chemical stock went through a rough patch before it completely fell apart in November. Celanese also bombed its last two earnings reports. Every day, I would think it couldn’t go any lower, but it did. The company said it intends to cut its dividend by 95%.

Farmer Mac is similar to Aflac. I basically like the company, but it did not perform up to expectations. The stock missed its last three earnings reports, and one of the misses was by a lot. In retrospect, I overestimated how strong its business model is.

Hershey wasn’t a hard choice. The chocolatier was a great stock for us earlier this decade, but over the last 18 months, the business took a lot of hits. In particular, the damage to the world cocoa market badly hurt Hershey. I also didn’t like how the Hershey Trust quickly shot down the merger offer from Mondelez.

Polaris was another easy choice. The company had a terrible year, and it badly missed its earnings. The last two reports were very poor. In the most recent report, Polaris’s earnings fell 73%. The CEO said he expects “a challenging retail environment throughout the rest of 2024 and into next year.” This is a great time to move on.

Thank You!

I’ll have all the details of our Buy List’s performance in 2024 in the next newsletter, which comes out on December 31.

I want to thank everyone for their support. I admit that our long-term buy-and-hold strategy can be a little boring, but it works. We’ve been doing it for 19 years.

I’m pleased to see that our ETF hit a new all-time high a few weeks ago. This year, the ETF had to add more than 1.2 million shares to keep up with investor demand.

I always enjoy following the market with intelligent, engaged readers like the ones here at CWS.

I want to wish you all a Merry Christmas and a happy, healthy and prosperous New Year.

– Eddy

Morning News: December 24, 2024
Posted by Eddy Elfenbein on December 24th, 2024 at 7:04 am

A History of Globalization on Horseback

Interpol Under Spotlight in Suspected Asylum-for-Sale Scam

Turkey Plans to Start Maritime Agreement Negotiations with Syria

Iran Oil Tycoon ‘Hector’ Plays Key Role in Arms Sales to Russia

Can Biden’s Green Boom Survive Trump’s Wrecking Ball?

The War on Wildfires Is Going High-Tech

National Security Committee Forgoes Decision on U.S. Steel Acquisition

Driving an EV? Big Oil Hopes You Don’t Cut Down on Plastic Too

China Mulls Record $411 Billion Special Bonds

ECB Prepares to Write a New Chapter in 2025

Good Debt? Bad Debt? There’s No Such Thing

US Fed Floats Major Changes to Bank Stress Tests in Light of Legal Rulings

U.S. Consumers Feel Less Confident as Economy Concerns Mount

Insurance and Taxes Now Cost More Than Mortgages for Many Homeowners

US Regains Primacy in Crypto Market on Trump Agenda, ETF Demand

Deal Makers See a Rebound in 2025 as Trump Returns to Power

The Men and Women Swirling Around Elon Musk

How a Telecom Bureaucrat Learned to Speak Trump

How to Protect Yourself from AI Scams This Holiday Season

The Internet Drove Ad Sales to $1 Trillion in 2024, for Better and Worse

American Airlines Grounds US Flights Amid Technical Glitch

Why Mergers of Carmakers Like Honda and Nissan Often Falter

Harvard’s Fiercest Foes Are Gaining Power and Vowing Punishment

Saks Closes $2.7 Billion Neiman Deal, Creating Big Luxury Player

Nordstrom’s Holiday Gift Needs to Be More Generous

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Morning News: December 23, 2024
Posted by Eddy Elfenbein on December 23rd, 2024 at 7:05 am

Being in the Red Is Latin America’s Biggest Problem

Mexico Prices Slow Less Than Expected, Backing Rate Cut Pace

America Needs to Break Its Debt Addiction — Crisis or Not

European Yields Rise After Lagarde Remarks

U.K. Economy Slides Into Stagnation

The 30-Year Mortgage Wasn’t Designed for Climate Chaos

E-Waste Is Filling Up Landfills. Here’s How to Reduce It.

The New Climate Gold Rush: Scrubbing Carbon From the Sky

US House Committee Targets Another Investor Climate Group

Biden Team to Probe Chinese Chips, Setting Up Trump for Tariffs

The Not-So-Secret Way Around U.S. Tariffs

Trump Picks a Former Treasury Official as His Top Economist

Elon Musk Makes ‘Overstaffed’ Fed Target in Quest for Efficiency

Musk and Trump Could Delete Consumer Protections

How Investments May Fare During Trump 2.0 and Fed Easing

US Crypto Industry Eyes Possible Day-One Trump Executive Orders

The 11 Wild Trades of 2024: Booms, Busts and a 2,900% Windfall

Masayoshi Son’s Quest to Become the Next Nvidia

Honda, Nissan Formalize Merger Talks, Aim to Combine by 2026

China’s EV Boom Is Starting to Pinch Oil Producers

After Years of Going Big, American Car Buyers Are Downsizing

Under Pressure, Telegram Pulls Off an Elusive Milestone: A Profit

Container Store Files for Bankruptcy After Losses Pile Up

Xerox to Buy Printer Maker Lexmark in $1.5 Billion Deal

Two Things Bluesky Needs to Become the Ultimate Sports Companion

Netflix Hopes to Recapture ‘Squid Game’ Magic

Robert F. Kennedy Jr. Wants to Ban Drug Ads on TV. It Wouldn’t Be Easy.

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Morning News: December 20, 2024
Posted by Eddy Elfenbein on December 20th, 2024 at 7:03 am

Japan Consumer Prices Rise Faster as Rate Hike Timing Under Scrutiny

Brazil’s Market Turmoil Sparks Worries Over ‘Fiscal Dominance’

Trump Warns Europe to Buy More U.S. Oil and Gas or Face Tariffs

Trump Is Threatening Europe With Tariffs. Is It Ready?

Who’s in Charge?

What to Know About the Debt Ceiling as Trump Backs Eliminating It

Trump-Backed US Funding Plan’s Failure Showcases GOP Fissures

The Fed Cut Rates. Mortgage Costs Went Up.

Trump Trade in Stocks Undermined by Inflation Fight

Swiss Inquiry Castigates Failings of Credit Suisse Oversight, But Pins Most Blame on Bosses

SPAC Kings Who Delivered 99% Losses Are Raising Billions Again

Ex-Citadel Trader Northridge Gets $1 Billion From Marshall Wace

The Cult of the “Cost-Killer” CEO Should End

Rupert Murdoch’s Appeal to Alter Family Trust Faces Uphill Battle

Biden Cancels Nearly $4.3 Billion in Public Worker Student Debt

Nvidia’s Deal to Buy Israel’s Run:ai Wins Unconditional EU Nod

Britannica Didn’t Just Survive. It’s an A.I. Company Now.

Novo Nordisk Falls Most on Record After New Weight Drug Disappoints

Sandoz Boss Warns There’s a Climate Cost of Obesity Wonder Drugs

It’s a Bird! It’s a Plane! It’s Brazilian Bum Bum Cream!

Volkswagen Union Says Labor Negotiations Stuck After Four Days of Talks

Starbucks Workers Say They Will Begin a Strike in 3 Cities on Friday

When the Pink Slip Comes Via Text and Email

As Elder Fraud Explodes, Banks Beat Back Duty to Call Cops

Aflac Keeps Eye on Japan Market as Others Turn Overseas for Growth

Nike’s Half Measures Need Another Shoe to Drop

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Morning News: December 19, 2024
Posted by Eddy Elfenbein on December 19th, 2024 at 7:04 am

EU Leaders Set to Discuss Gas Transit With Zelenskiy in Brussels

Zelenskiy Urges Unity Between US and Europe to Achieve Peace

Britain’s Economy Is ‘Bumbling’ Into the New Year

Lula’s Powerless Aides Let Currency Panic Go Unchecked in Brazil

Trump, Musk Threaten US Shutdown and Shake Up Republican Party

Rubio Could Be to Trump What Talleyrand Was to Napoleon

The Hidden Threat to National Security Is Not Enough Workers

Americans Abroad Pin Hopes on Trump Promise to End Double Taxation

Why the Specter of Trump Hangs Over the Fed, Congress and the Markets

‘One of the Dumbest Ideas’: Abolishing the FDIC Could Backfire on Trump and His Allies

Fed Drops a Lump of Coal in Trump Market’s Christmas

Powell Signals Fed’s Focus Has Returned Firmly to Inflation

Where Does a ‘Remarkable’ U.S. Economy Go From Here?

Companies That Spent Billions on M&A Are Now Selling for Peanuts

Private Credit Looks to Consumers, Infrastructure for Next Stage

Fed, OCC Use Outdated Criteria to Assess Bank Mergers, Senator Warren Says

Dealmakers Eye $4 Trillion-Plus M&A Haul in 2025 on Trump Boost

Government Contractor KBR, Recently Hit by DOGE Fears, Draws Activist Investor

Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

This Red Midwestern State Is a Global Paragon of Clean Power

Protecting the World’s Biggest Uninsured Economy From Climate Change

Tik Tok Offered Last Chance to Argue for US Life

Thousands of Amazon Workers Go on Strike Thursday

G.M. Led in China for Years. Here’s How It Ended Up 16th in Sales.

Publishers Battle for the C-Suite

MacKenzie Scott Has Given Away Over $19 Billion in the Last 5 Years and Experts Say She’s ‘Changed Entire Fields Like Affordable Housing’

Starbucks Has a Pumpkin Spice Latte Problem in China

Everton FC Takeover by Toyota Tycoon Dan Friedkin Gets Approval

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Morning News: December 18, 2024
Posted by Eddy Elfenbein on December 18th, 2024 at 7:06 am

Saudi Arabia Taps Aramco Oil Field Brine in Lithium Battery Push

We’re Burning More Coal Than Ever Thanks to China

Nigeria Banks on Higher Oil Revenue to Fund Record Budget

Why Barclays Is One of the Main Targets of UK Climate Activists

The Economy Is Finally Stable. Is That About to Change?

Fed Set to Deliver Third-Straight Interest Rate Cut

The Dow Just Did Something It Hasn’t Done Since Jimmy Carter Was President

Macro a Must-Have for Hedge Fund Investors Betting on 2025 Market Swings

The New AI Stock Pickers Are Destined to Disappoint

US Watchdog Warns Credit Card Issuers Not to Devalue Rewards

Billionaire Paul Singer’s Succession Plan Is Under a Spotlight

China’s Billionaires Are Making Money for First Time Since 2020

Google Is Pushing Quantum Computing Closer to Reality

Boeing Resumes Production of Airplanes, Including 737

Nissan’s Top Shareholder Renault Said Open to Honda Talks

The China Shock Behind the Honda-Nissan Merger Talks

Foxconn Has Discussed Making Bid for Nissan

Blocking Nippon-U.S. Steel Would Be One of Biden’s Worst Decisions

Merck in Pact for Chinese Obesity Drug in Nearly $2 Billion Deal

A 7-Eleven Heir’s $50 Billion Fight to Keep the Company in the Family

Bain Capital in Talks to Buy Little Caesars Operator Sizzling Platter

Walmart Cements Retail Dominance With Best Year Since 1998

Ulta Is Selling Toys to Hook Kids as Young as Six on Makeup

Giving Pledge Group, Led by Gates and Buffett, Removes Billionaire Accused of Fraud

Inside Disney’s Decision to Settle a Trump Defamation Suit

Disney Pulls Transgender Story Line From New Series

With Sports Gambling Surging, Federal Regulation Is Discussed

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CWS Market Review – December 17, 2024
Posted by Eddy Elfenbein on December 17th, 2024 at 3:24 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.”)

Growth Stocks Rally

Growth stocks, apparently, have the holiday spirit. Nearly every day for the past three weeks, growth stocks have outpaced the overall market.

Of course, you’ll often see growth or value lead the market for a few days, but this recent turn towards growth has been especially pronounced.

Value is playing the role of the Grinch. The S&P 500 Value Index has closed lower for 13 days in a row. On Tuesday, the Dow closed lower for the ninth day in a row. That’s the index’s longest losing streak since 1978.

Meanwhile, Apple, Google and Tesla all hit new 52-week highs today.

The message is clear as we head into 2025: investors are perfectly fine with shouldering more risk. Tech stocks have done especially well, and the Nasdaq 100 ETF has been on fire.

The point I often stress to investors is that growth and value cycles don’t magically fall out of the sky. They often get a nice push from our friends at the Federal Reserve.

As it turns out, the Fed is meeting this week. In fact, today was the first day of their two-day meeting. The Fed’s policy statement will be out tomorrow afternoon, and I’ll spoil the surprise for you: you can be sure that the Fed will cut interest rates by 0.25%.

At this meeting, the Fed will also update its economic projections. I’ll caution you that the Fed doesn’t exactly have a stellar record when it comes to forecasting the economy. Not many of us do. Still, it’s important to see how they’re wrong.

The big question now is what happens in 2025. There’s an emerging consensus that the Fed will pause at its January meeting. Here’s the Fed Funds rate (in blue) being chased by its shadow, the 2-year Treasury yield (in red):

Until now, the Fed has made it clear that it wants to lower interest rates, but now Wall Street thinks they may be getting ahead of things. After all, the last CPI report showed that inflation is being very stubborn, and there are plenty of bright spots in the economy.

Traders even think there’s a decent chance that the Fed will pause at its March meeting. That’s not the majority view, at least not yet.

The undercurrents in the stock market are reacting to the outlook for interest rates. When short-term rates are falling, value stocks tend to outperform. When short-term rates are rising, value stocks tend to lag.

In this instance, rates aren’t even going up. Rather, the recent trend of lower rates is cooling off. This makes sense as the economy appears to be doing well.

Shortly after President-Elect Trump’s election victory, many “old economy” sectors rallied, but that trend came to a quick halt in December.

Retail Sales Were Strong Last Month

Shoppers are in a good mood. This morning, we learned that retail sales increased by 0.7% last month. Wall Street had been expecting a gain of 0.5%. The number for October was revised higher to 0.5%. Over the last year, retail sales are up by 3.8%. This suggests that the economy did well during Q4.

Economists like to look at “core” retail sales which excludes cars, gasoline, building materials and food services. For November, core retail sales were up by 0.4%. That comes after a 0.1% drop in October.

Receipts at food services and drinking places, the only services component in the report, fell 0.4% after increasing 0.9% in October. Economists view dining out as a key indicator of household finances.

Sales at clothing stores decreased 0.2%. Grocery store sales also declined 0.2%. Sales at miscellaneous retailers, which include florists and gift shops, dropped 3.5%, extending the prior month’s decline.

Sales at auto dealerships increased by 2.6%. Online retail sales grew by 1.8%. Building materials and garden equipment store sales rose 0.4%.

There are some weak spots in the economy. This morning, the Federal Reserve said that industrial production fell by 0.1% last month. That was the third month in a row that industrial production fell. Wall Street had been expecting an increase of 0.3%.

The Santa Claus Rally

We’ve also just started the stock market’s happiest time of year which is the Santa Claus Rally. I’ve crunched all the numbers for the S&P 500 going back to 1957 when the index was expanded to 500 stocks.

From December 15 to January 6, the S&P 500 has gained an average of 2.81%. That may not sound like a lot, but as far as 67-year averages go, it’s quite large. This means that historically, one-quarter of the S&P 500’s annual gain has come during a three-week period in the holiday season.

This is what the average year for the S&P 500 looks like:

If we expand our parameters a bit, we see that the S&P 500 has gained an average of 8.24% from October 26 to February 15. That means that nearly three-quarters of the S&P 500’s annual gain has come during a period of less than four months. During the rest of the year, the market hasn’t done much. (Buy the World Series and sell the Super Bowl?)

To be clear, I would never base an investment decision on these calendar effects. I find it fascinating that the markets do seem to have their biases regarding time of year. The monthly cycle is especially impressive.

In the short-term, the market can be highly erratic, but in the long term, its judgments are wise.

That’s all for now. Remember: On Christmas Day, I’ll send you the names of the 25 stocks for the 2025 Buy List. This will be our 20th Buy List!

– Eddy

Morning News: December 17, 2024
Posted by Eddy Elfenbein on December 17th, 2024 at 7:06 am

The Housing Affordability Crisis Is Going Global

China Plans Around 5% Growth Goal, Higher Deficit, Reuters Says

German Business Mood Hits Postpandemic Low, Stoking Recession Jitters

Germany’s Stumbling Economy Stalls Property Market Recovery

Bank of Spain Raises 2025 Growth Forecast on Domestic Demand

2024 the ‘Year of the Bond’ as Record Inflows Top $600 Billion

Debt Risks That Lured Bessent to US Treasury Now Loom Large

Calling an End to Fed Rate Cuts Is Premature

Bracing for a Fed Pullback

T. Rowe Raises Prospect of 6% Treasury Yields on Fiscal Risk

New World Disorder Is Disrupting Business as Usual

Trump Plays Chicken With the Madman Theory

High on Hope, Wall St. Hears What It Wants From Trump

Crypto Got What It Wanted in November’s Election. Now What?

Dealmakers Await Trump After Bouncing Back With $3 Trillion Haul

The Property Brothers Say Hold Off on the Big Home Renovation in 2025

Weather Derivatives Are Booming in an Unpredictable Climate

Climate Change Is Stealing Weeks of Winter, Unnerving Ski Area Owners

Broadcom’s ‘Nvidia Moment’ Has Arrived. Now It Needs to Deliver

Can the US Power Industry Meet AI’s Steep Energy Demands?

Gamers Won’t Accept Underwhelming Virtual Reality Goggles

Walmart’s DEI Compromise Holds Lessons for Corporate America

Food Fight With Kroger Spells Trouble for Albertsons

Giant Companies Took Secret Payments to Allow Free Flow of Opioids

Pfizer Sees 2025 Revenue in Line With Wall Street Views

‘Life-Changing’ Psychedelics, for When Life Is Ending

Sandoz Agrees on $275 Million Settlement in U.S. Price-Fixing Case

Here’s a Hollywood Twist: Streaming Success Runs Through Theaters

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