Thursday, November 5, 2026The Standard of American EnterpriseVol. I · No. 29

The daily letter

November 2026

From the archive.

Wells Fargo walk up ATMs lit at night on Ninth Street in Durham, North Carolina .

Commentary

Bank screens built on Treasury volatility explain little

Wells Fargo, U.S. Bancorp and Citigroup earn most of their money far from the government bond desk, their own segment figures show.

By The Carnegie Standard Staff

Bank of England lifts benchmark rate to 4% in 8-1 vote

By The Carnegie Standard Staff

View of the Bank of England building in July 2022

Democrats to probe Trump energy deals after winning Congress

By The Carnegie Standard Staff

A TotalEnergies petrol station in Casablanca, Morocco, on 10/05/2026, during the blockade of the Strait of Hormuz by Iran and the United States. The price board shows diesel at 14.53 dirhams and unlea

Kartoon Studios files for $300 million SPAC IPO

By The Carnegie Standard Staff

UK opens public interest review of Sky's £1.6 billion ITV deal

By The Carnegie Standard Staff

July night sky

Tesla and SpaceX shares slip after Democratic midterm gains

By The Carnegie Standard Staff

Tesla Roadster

Taiyo Yuden Electronica, Productronica and Laser World of Photonics India, Bangalore International Exhibition Centre (2025)

Nikkei 225 closes 1.4% lower after Democrats sweep Congress

1 min read

Eastern American Red Fox (Vulpes vulpes ssp. fulvus) observed in Algonquin Provincial Park, Ontario on January 2017.

Fox's $22 billion Roku deal needs more than a consent decree

1 min read

The operating headquarters of Marvell Technology Group in Santa Clara , California , as viewed from CA-237 .

Marvell agrees to acquire Lumentum in $115 billion deal

1 min read

The operating headquarters of Marvell Technology Group in Santa Clara , California , as viewed from CA-237 .

Marvell and Lumentum shares drop after all-stock merger plan

1 min read

Amazon Tower I , a 37-story office building in Seattle, Washington built for Amazon.com , being topped out in 2015.

Investors press Anthropic to seek $1.5 trillion IPO valuation

1 min read

Rainier's Texas insurance deal shows the roll-up playbook again

1 min read

New York, NY

Morgan Stanley and JPMorgan rate India's NSE overweight

1 min read