Chicago-based asset manager Nuveen will buy Schroder’s, the iconic, 200-year-old London financial services firm, for $13.5 billion.
Category: 17 February 2026
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SPOTLIGHT: THE AUTO INDUSTRY’S ROUGH ROAD
Nissan Motor will post losses totaling $4.2 billion this fiscal year as it continues its restructuring plan to survive in a global market defined by weak auto sales, U.S. tariffs, and a slower-than-expected shift among consumers to electric cars.
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LIBERTY WITHOUT STRINGS
Last week, the U.S. Circuit Court of Appeals for the Fifth Circuit, which covers Louisiana, Mississippi and Texas, ruled that the problem of undocumented immigrants in the U.S. is so acute and vast and the Fourth Amendment so burdensome and time-consuming that it should cut some constitutional corners.
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BEIJING CLAMPS DOWN ON CHINA’S AI STOCK BOOM
While U.S.-listed stocks related to artificial intelligence (AI) swell their valuations unchecked, Chinese officials are taking steps to quell what might be seen as irrational exuberance.
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U.K. ECONOMY MANAGES TO GROW FOR A SECOND YEAR
The British economy grew 1.3 percent last year, building on 2025’s 1.1-percent expansion, the U.K.’s Office for National Statistics reported. The GDP advanced 0.1 percent in each of last year’s third and fourth quarters.
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U.S. LABOR DEPARTMENT SLASHES JOB GROWTH TOTALS AGAIN
In 2025, U.S. businesses added just 181,000 nonfarm jobs, an average of barely 15,000 a month and 69 percent fewer than the 584,000 previously estimated, the U.S. labor department said last week.
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AMERICANS BEAR BRUNT OF TRUMP’S TARIFFS, DESPITE ASSURANCES FROM WHITE HOUSE
The New York Federal Reserve released a study last week that found the American consumer and companies paid about 90 percent of the tariffs that were implemented under President Donald Trump, despite promises from the White House that trading partners would bear the brunt of the costs.
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U.S. HOME SALES DROP SHARPLY, SIGNALING “NEW HOUSING CRISIS”
In January, the sale of pre-owned U.S. homes dove 8.4 percent from December’s volume and 4.4 percent below the number in January 2025 to set the slowest pace since December 2023 and the sharpest month-on-month decline since February 2022, the National Association of Realtors (NAR) reported.
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HEALTHCARE, SOCIAL ASSISTANCE OWN THE U.S. JOBS MARKET
Through the past three years, the number of jobs in healthcare and social assistance has grown by 12.5 percent while net job growth in all other economic sectors has totaled less than 2 percent, The Wall Street Journal reported.
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U.S. ELECTRICITY PRICES RISING TWICE AS FAST AS INFLATION
In 2025, U.S. electricity prices rose 6.9 percent, compared to inflation’s pace of 2.9 percent, Goldman Sachs analysts have calculated. The price of power will continue escalating as artificial intelligence (AI) data centers make up 40 percent of growth in U.S. electricity demand through the rest of this decade, they said. Electricity production is growing......