Day: February 19, 2026

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Over 65? Congratulations, You Own the Economy – WSJ

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Over 65? Congratulations, You Own the Economy – WSJ

Demographics, rising profits and soaring asset values have together wrought a quiet transformation in the American economy. Much of it is now in the hands of the elderly.?

As of the third quarter of last year, people 70 and over controlled roughly 39% of all equities and mutual funds owned by households, compared with 22% in 2007, according to Federal Reserve data. Their share of net worth—assets minus debts—was 32%, up from 20% two decades earlier.

What’s Happening in China’s E.V. Market? – The New York Times

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Stock Slide and Slow Sales: What’s Happening in China’s E.V. Market? – The New York Times

By almost every metric, the Chinese carmaker BYD looks unstoppable.

After a decade of struggling to establish itself in the automobile industry, BYD has surpassed Tesla to become the world’s largest electric vehicle manufacturer. The company’s sales are rapidly expanding in Europe and Latin America, and new and potentially lucrative markets like Canada could soon open to it.

But investors are cooling on BYD’s ascent from a little-known battery maker to the top of the automotive world’s fast-growing segment. The company’s stock has fallen roughly 40 percent from its peak last May, making it among the hardest-hit names in a broader sell-off in Chinese E.V. stocks that accelerated last week after companies reported weak sales numbers for January.

Crane Mountain

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Except for a small cut for Ski Hi Road, most of the Crane Mountain remains free of cut and fills, dumping, and changes to the terrain they are so common on most mountains as mankind reshapes the landscape.

Crane Mountain