We help to extend your senses and nerves to local, national and global.

Key Rates

2024-01-05
30y-fix: 6.17%; 10y-treasury:3.95%

Be a little better version of yourself everyday

2024-01-05
"No one can make you feel inferior without your consent." -- Eleanor Roosevelt

Top Hamas Leader Killed in Suspected Israeli Strike in Beirut

2024-01-05
Saleh al-Arouri was a founder of the Hamas military wing and one of its top political leaders.

All Passengers on Japan Airlines Jet Evacuated After Plane Collision

2024-01-05
A Japan Airlines plane caught fire after it collided with a Japan Coast Guard plane at Tokyo’s Haneda Airport. Everyone on board the passenger jet escaped, but Japan’s prime minister said five of the six people on the coast guard plane died.

Michigan May Win the National Championship. Help!

2024-01-05
An overtime defeat of Alabama puts the Wolverines in the title game against Washington—and our Wisconsin-grad columnist mulling a move to an underground cave.

Jim Harbaugh Is Headed to the Title Game. Is He Also Headed to the NFL?

2024-01-05
The coach who led Michigan’s turnaround is the subject of two NCAA investigations and interest from multiple NFL teams.

These Voters Will Decide the 2024 Election. They Don’t Like What They See.

2024-01-05
In counties that backed the past four presidential winners, residents worry that America’s best days are behind it.

Maersk Pauses Transit Through Red Sea After Attack on Ship

2024-01-05
Danish shipping giant A.P. Moeller-Maersk said it will pause all transit through the Red Sea and Gulf of Aden until further notice following the attack on its vessel Maersk Hangzhou.

Americans Are Canceling More of Their Streaming Services

2024-01-05
Hulu and other streamers are turning to bundles, discounts and ad-supported plans as customer defections rise.

How One Texas County Is Fighting 43,000 Monkeys

2024-01-05
Neighbors were alarmed when they heard about a company’s plan for the property next door.

Head of South Korean Opposition Party Is Stabbed

2024-01-05
Lee Jae-myung was transported to a hospital but his injuries aren’t believed to be life threatening. A male suspect was arrested at the scene.

Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets

2024-01-05
Chevron said it will book $3.5 billion to $4 billion in charges for the fourth quarter, citing challenges tied to regulations in California and previously sold oil and gas production assets in the Gulf of Mexico.

Wealthy Investors Rescued Juul From Bankruptcy. Others Are Crying Foul.

2024-01-05
Two of Juul Labs’ longtime directors—a Hyatt Hotels heir and a venture capitalist—helped bail out the e-cigarette maker from the edge of insolvency. Now other investors are suing.

Surge in Drone Warfare Leads Pentagon to Open School for U.S. Troops

2024-01-05
Small inexpensive “off the shelf” drones like those Ukraine is using against Russia, and Hamas is deploying against Israel, are transforming modern warfare. To train American soldiers to counter this threat, the U.S. military recently opened a specialized drone warfare school.

SUV That Hit Pedestrians After New Year’s Eve Concert Carried Gas Canisters, Police Say

2024-01-05
The FBI sees no evidence of terrorism in the episode, which killed two and injured nine in Rochester, N.Y.

Fisher Investments in Sale Talks

2024-01-05
Advent International is in talks to acquire the money-management firm known for its ubiquitous advertisements.

Man Breaks Into Colorado Supreme Court Building, Fires Shots

2024-01-05
No one was hurt in the incident, but the facility has extensive damage, officials said.

Biden Administration Asks Supreme Court to Allow Border Patrol to Cut Texas Razor Wire

2024-01-05
The legal battle is part of an escalating conflict between U.S. government and Texas officials over immigration enforcement.

The Hottest Property in Gold Mining Is Copper

2024-01-05
Gold producers led by Newmont and Barrick are raising bets on copper through deals and other investments to gain more influence over the commodity considered vital to the global energy transition.

Wayfair’s CEO Wants Staff to Work Harder. Your Boss Probably Agrees.

2024-01-05
Company leaders say employees will have to dig in and work leaner in the new year. The question is how to motivate them.

Apartment Rent Relief Is Expected to Continue in 2024

2024-01-05
A surge in new supply has pushed vacancy higher, making it harder for landlords to raise prices.

A Large London Apartment Near Harrods Lists for Just Over $63 Million

2024-01-05
The seller of the roughly 11,500-square-foot home is John Symond, founder of Aussie Home Loans.

At Least 103 Killed at Memorial Service for Iranian Commander

2024-01-05
Iranian officials said the explosions were caused by terrorist attacks near a cemetery, where a ceremony was being held to mark the 2020 death of Maj. Gen. Qassem Soleimani.

Claudine Gay Is Out as President. Where Does Harvard Go From Here?

2024-01-05
The university must find a new president and address rifts among faculty, students and donors.

Tech’s AI Hangover Might Just Be Getting Started

2024-01-05
Technology stocks opened the year with a selloff after hype around artificial intelligence drove big gains ahead of actual business growth.

The West Badly Needs More Missiles—but the Wait to Buy Them Is Years Long

2024-01-05
Global conflicts and rising threats drive orders for missiles, planes, submarines and other complex weapons systems, but producers are struggling with supply chains and staffing.

Activist ValueAct Backs Disney Board Slate

2024-01-05
ValueActs deal to back Walt Disney’s slate of nominees at the 2024 shareholder meeting bolsters the company’s position as it looks to fight off a proxy battle with rival activist Nelson Peltz.

Finding a New Job Is Getting Harder

2024-01-05
Job postings fell in 2023 but were still up from prepandemic levels, data from job-listing site Indeed show.

It Takes At Least 200 Hours to Make a Close Friend, and More to Maintain It

2024-01-05
Maintaining friendships can be logistically tough, but good for us physically, mentally and emotionally.

South Korea Boosts Security for Politicians as New Threats of Violence Emerge

2024-01-05
Police protection of public figures is being bolstered after the head of the opposition party was stabbed.

Xerox to Cut Workforce by 15% Amid Transformation Plan, New Leadership Team

2024-01-05
Xerox Holdings said it is looking to turn around the company and is cutting its workforce by 15%.

U.S. Auto Sales Bounced Back in 2023

2024-01-05
Automakers could confront more difficulties this year with industrywide sales expected to level off.

Fed Minutes Suggest Hikes Are Over but Offer No Timetable on Cuts

2024-01-05
Some officials highlighted the risks of “an overly restrictive stance” on interest rates.

U.S., Allies Warn Houthis to Stop Ship Attacks

2024-01-05
The American military is preparing options to strike the Iran-backed rebel group.

He Revived Old Spice. Can This CEO Save a Sneaker That Lost Its Cool?

2024-01-05
Bracken Darrell is trying to engineer a turnaround at the parent company of Vans. Step one was figuring out where it went wrong.

Cigna Nears Deal to Offload Medicare Business

2024-01-05
The insurance giant is in exclusive talks to sell the unit to Health Care Service Corp. for between $3 billion and $4 billion.

Disney Wins Backing of Key Investor in Battle With Nelson Peltz

2024-01-05
ValueAct’s deal to back Disney’s slate of board nominees bolsters the entertainment giant as it looks to defend itself in a proxy battle with rival activist.

Labor Board Backs Fired SpaceX Employees

2024-01-05
SpaceX is accused of violating labor law by firing several employees involved in a letter critical of founder Elon Musk.

U.S. Sues Texas Over Migrant-Arrest Law

2024-01-05
The Texas law allowing the state to arrest and deport migrants is unconstitutional, the Justice Department said.

Hiring Accelerated With 216,000 Jobs Added Last Month

2024-01-05
Unemployment rate held steady at 3.7%

Florida Is First State Allowed to Import Drugs From Canada in Bid to Reduce Costs

2024-01-05
The FDA’s decision could change the way Americans obtain prescription medicines and could reduce their cost.

Conservatives Toppled Two College Presidents. They Aren’t Done Yet.

2024-01-05
Republican lawmakers and their allies think they have fresh momentum to reverse what they deem to be the progressive takeover of American education.

OpenAI Turmoil Pushes Customers to Diversify

2024-01-05
Companies that use OpenAI’s software say they are increasingly looking to use others’ technology to protect themselves from the risks of problems at any one.

Netflix Considers Ways to Make Money From Videogames

2024-01-05
Ideas include charging extra for some games as well as incorporating ads and in-game purchases.

Nation’s Biggest Hospital Landlord Suffers New Losses

2024-01-05
Medical Properties Trust said it would record about $350 million of write-downs related to its largest tenant , sending its shares down nearly 30%.

India Wanted a Manufacturing Boom. Its Workers Are Back on the Farm Instead.

2024-01-05
India’s labor force is shifting from cities back to farms despite efforts to encourage factory job growth.

Ecstasy-for-Medicine Advocate Raises $100 Million

2024-01-05
MAPS needs the money to fund the final stages of its application for regulatory approval to sell MDMA, also known as Ecstasy, to treat post-traumatic stress disorder.

You Can Buy Gold Bars at Costco. But Are They Worth It?

2024-01-05
The retailer says that its periodic offers sell out quickly. And some say it’s a pretty good deal, all things considered.

Americans’ Required Retirement Income Has Never Been Higher

2024-01-05
A surging stock market pushed many retirement account balances to new highs at the end of last year. But these higher balances are a mixed blessing for those already in retirement.

Biden to Mark Jan. 6 by Putting Threats to Democracy at Center of 2024 Message

2024-01-05
The president is using the anniversary of the U.S. Capitol riot to warn of the dangers of electing Trump, who says Biden is persecuting him and his supporters.

Disney’s Mickey Mouse Copyright Expired. Now He’s on a Rampage.

2024-01-05
The companys famous mascot, in the public domain after 95 years, is getting reworked by film and videogame makers—mostly as a killer.

Puck Taps Former Twitter Customer Chief as CEO

2024-01-05
Sarah Personette will be tasked with helping the news startup expand into new coverage areas and markets.

The Hidden Force Pushing Mortgage Rates Down

2024-01-05
The differential between 30-year mortgage rates and benchmark Treasury yields has been shrinking for eight straight weeks.

U.S. Steps Up Diplomatic Push to Avert Broader Middle East War

2024-01-05
Secretary of State Antony Blinken is returning to the region amid a surge in attacks outside the Gaza Strip war zone.

North Korea Fires Artillery Barrage Toward Border Islands

2024-01-05
The shelling prompted an emergency-shelter order in a South Korean island and comes as inter-Korean relations worsen.

Key Rates

2024-01-10
30y-fix: 6.06%; 10y-treasury:4%

Be a little better version of yourself everyday

2024-01-10
"Failure is another steppingstone to greatness." -- Oprah Winfrey

Wanted: College Presidents. Mission: Impossible.

2024-01-10
Harvard, Yale, Stanford and other elite schools are looking to fill top positions that are more challenging than ever.

Bill Ackman’s Wife, Neri Oxman, Apologizes for Plagiarism in Her 2010 Dissertation

2024-01-10
The billionaire pushed for the ouster of Claudine Gay from Harvard University over plagiarism allegations and campus antisemitism policies.

Supreme Court to Rule on Emergency Abortions

2024-01-10
The justices will hear arguments on whether states can restrict Medicare-funded hospitals from providing an abortion to stabilize a patient.

NRA Chief to Step Down Ahead of Corruption Trial

2024-01-10
Wayne LaPierre, the gun-rights group’s longtime leader, faces civil accusations of misusing funds.

Top Diplomats Converge on the Mideast to Prevent Broader War

2024-01-10
Secretary of State Antony Blinken is returning to the region amid a surge in attacks outside the Gaza Strip war zone.

A Beverly Hills Enclave Filled With A-Listers Is Getting Two Pricey Homes for Sale

2024-01-10
An 18,000-square-foot estate is listing for $47.5 million, while a French Chateau will ask $48.5 million.

Southwestern, Chesapeake Near $17 Billion Energy Merger

2024-01-10
Southwestern Energy and Chesapeake Energy are close to a merger that would create a roughly $17 billion company and one of the largest U.S. natural-gas producers.

Big Design-Software Companies Near $35 Billion Deal

2024-01-10
Synopsys and Ansys are in exclusive talks and a deal could come as soon as next week.

Alaska Airlines Incident Could Have Been Much Worse, Investigator Says

2024-01-10
Investigators hunt for door panel in the Boeing blowout that left a gaping hole during flight.

‘Is It OK if I Hold Your Hand?’: Inside the Cabin of Alaska Airlines Flight 1282

2024-01-10
Passengers recount a harrowing experience after a chunk of the plane broke off midair.

Elon Musk Has Used Illegal Drugs, Worrying Leaders at Tesla, SpaceX

2024-01-10
Some executives and board members fear the billionaire’s use of drugs—including LSD, cocaine, ecstasy, mushrooms and ketamine—could harm his companies.

Israel’s Gallant: ‘We Are Fighting an Axis, Not a Single Enemy’

2024-01-10
Israel’s defense minister says the country is beginning a shift from intensive combat to special operations.

Congressional Leaders Reach Deal on $1.6 Trillion Government Spending Levels for 2024

2024-01-10
The deal paves the way toward passing a full-year appropriations package and averting a shutdown.

All the Best Looks From the Red Carpet of the Golden Globes

2024-01-10
Margot Robbie, Bradley Cooper and more arrive in Los Angeles wearing some of the most-fashionable looks of the season.

Top U.S. Economists Are Short-Term Happy, Long-Term Glum

2024-01-10
At an annual gathering, academic economists are surprised and relieved over a soft landing, but worry about what is next.

Defense Secretary Lloyd Austin’s Hospitalization Deepens Mystery of His Absence

2024-01-10
His No. 2 at the Pentagon didn’t learn of his hospital stay until days after he was admitted.

NASA Bets on Private Companies for Moon Landings in 2024

2024-01-10
American companies plan as many as five lunar landings this year for the U.S. space agency and other clients, starting with Astrobotic Technology’s uncrewed Peregrine mission set to launch Monday.

Crypto Industry Holds Breath in Anticipation of First Spot Bitcoin ETFs

2024-01-10
The SEC is facing a Wednesday deadline to approve or reject the first funds to hold the cryptocurrency.

Canada Offers Cities Money to Spur Home Building

2024-01-10
The effort to reshape municipal zoning comes amid citizen anger over low housing inventory and elevated rents.

Winter Storm Dumps Snow and Rain on Northeast

2024-01-10
A second storm could bring blizzard conditions to the Plains and Midwest and potential flooding to the Northeast early this week.

Fraud, or Just a Bad Deal? Oligarch, Sotheby’s Battle in Court Over Rarefied Art Trade

2024-01-10
A Russian billionaire’s lawsuit shines light into secretive finances in the art world’s elite tier.

Radio Broadcaster Audacy Files for Bankruptcy

2024-01-10
The company, which operates hundreds of radio stations and provides streaming services through its mobile app, succumbed to a steep decline in advertising.

Buying Home and Auto Insurance Is Becoming Impossible

2024-01-10
Huge losses from national disasters have prompted the industry to jack up prices and pull back from some markets.

Hezbollah Commander Killed in Israeli Strike

2024-01-10
The second recent attack to kill a militant leader in Lebanon raises the specter of Israel’s war with Hamas in Gaza expanding to a second front.

Wall Street Doubles Down on Bonds

2024-01-10
The consensus is that interest rates have peaked for this economic cycle, making further investments in Treasurys and highly rated corporate bonds a good bet.

Offices Around America Hit a New Vacancy Record

2024-01-10
The 19.6% of office space that isn’t leased in major U.S. cities is the highest since at least 1979.

Nord Stream Probe Hampered by Resistance From Poland

2024-01-10
Investigators hope Warsaw’s new government will help to shed light on the gas-pipeline attack after the previous administration failed to fully cooperate.

The Cable Company That Wants to Take the Pain Out of Streaming

2024-01-10
New subscribers to Charter’s Spectrum will watch TV via a streaming app that lives alongside Netflix and Disney+.

Apple’s Vision Pro to Become Available In U.S. Feb. 2

2024-01-10
Apple’s new mixed-reality headset sets the stage for the company’s premium-priced offering to compete in a crowded market.

The Biggest Golden Globes Moments, From ‘Oppenheimer’ to Taylor Swift

2024-01-10
Christopher Nolan’s historical epic swept up four film awards, while “Succession,” “Beef” and “The Bear” dominated the television categories.

China Says It Has Detained a British Spy

2024-01-10
The detention comes as Beijing steps up warnings over national security and the infiltration of foreign spies in the country.

China Detains a Top Executive at Evergrande’s Electric-Vehicle Unit

2024-01-10
China Evergrande New Energy Vehicle said Liu Yongzhuo was being held by authorities “on suspicion of illegal crimes.”

United, Alaska Find Loose Parts on Some Boeing 737 MAX 9 Jets

2024-01-10
The airlines are inspecting the aircraft grounded by Federal Aviation Administration after a door-plug blowout on an Alaska Airlines flight.

Tiger Woods and Nike Split Up After 27 Years

2024-01-10
The 15-time major golf champion had one of the longest, and most lucrative, endorsement deals in sports.

Hewlett Packard Enterprise Near Deal to Buy Juniper Networks

2024-01-10
The deal could be unveiled this week, valuing Juniper at roughly $13 billion.

Tinder Owner Match Draws Elliott Investment

2024-01-10
The activist has a roughly $1 billion stake and intends to meet with Match to discuss ways to improve the online dating company’s performance.

New York’s Real-Estate Market Scores Major Deal on the High Line

2024-01-10
A $49 million condo in Chelsea has found a buyer.

A Manhattan Penthouse With a Rooftop Infinity Pool Sells for Deep Discount

2024-01-10
Originally asking $30 million, the Tribeca condo unit sold to a medical imaging exec for $18.75 million.

Boeing CEO Says Company Needs to Admit Mistake

2024-01-10
David Calhoun told staff the aircraft maker needs to acknowledge its mistake as it reels from a door-plug failure that resulted in some 170 planes being grounded.

SEC Says Hack Led to False Post on Bitcoin

2024-01-10
The price of bitcoin surged toward $48,000 before Chair Gary Gensler and the agency disavowed the message on its X social-media account.

For Fleeing Palestinians, Gaza Has Shrunk—by Two-Thirds

2024-01-10
The Israeli invasion has reduced the ground available to the territorys 2.2 million people to an area slightly larger than the Bronx.

Armed Gang Storms Public TV Station in Ecuador

2024-01-10
Masked assailants, waving weapons, went on a live broadcast, threatening a country that has been hit hard by drug-related violence

Walmart Expands Drone Delivery in Dallas as It Races Amazon

2024-01-10
The expansion will cover about 75% of Dallas-Fort Worth population.

NASA Says Moon Will Need to Wait a Little Longer for U.S. Astronauts’ Return

2024-01-10
U.S. space agency now plans a crewed flight to a lunar orbit in 2025, and delays trying to land astronauts on the moon until the following year.

Congress Explores Curbing Pandemic Tax Break in Bid for Last-Ditch Deal

2024-01-10
Lawmakers hope to finish a deal that could include $100 billion in tax breaks for businesses and families.

Severe Storms Sweep U.S., Bringing Blizzards, Flooding, High Winds

2024-01-10
Snow blankets swaths of central U.S., with more than 19 million people under winter-storm warnings on Tuesday.

When Washington Calls on Biden to Fire People, He Usually Says No

2024-01-10
Following a pattern of standing by top aides under fire, the president has resisted calls to push out Defense Secretary Lloyd Austin.

How Banks Are Gaming a Fed Rescue Program

2024-01-10
Borrowing at the bank term funding program is up to record highs, but not because of new stresses.

Is an Ultra-Processed Diet That Bad? Big Food Fights Back

2024-01-10
Makers of goods from ice cream to pasta sauce are pushing back as the U.S. government probes the health effects of heavily processed food.

U.S., U.K. Ships Shoot Down Houthi Barrage in Red Sea

2024-01-10
The overnight attack came a week after the U.S. and an international coalition warned that continued attacks would come at a cost.

Amazon Is Laying Off Hundreds at Prime Video, MGM Studios and Twitch

2024-01-10
The e-commerce company laid off thousands of employees last year across several business units.

Brick-Filled Boxes. Bogus Receipts. Retailers Battle Fraudulent Returns.

2024-01-10
More than $100 billion in merchandise was returned fraudulently in the U.S. in 2023, retailers say, up sharply since 2020.

How Citigroup Can Avoid Another False Dawn

2024-01-10
The bank’s stock has outperformed in recent months, but coming reports may be key.

What to Know About 2024 Tax Withholding and Estimated Taxes

2024-01-10
The law requires most employees and self-employed business owners to pay at least 90% of their taxes long before the April due date. Filers should check for tax underpayments to avoid penalties.

Texas Teachers Can Earn $100,000. But There’s a Catch.

2024-01-10
A state-funded program offers teachers performance-based bonuses, but some say it creates division.

‘Criminal Record’ Review: Procedural of a Twisted Past

2024-01-10
Peter Capaldi and Cush Jumbo star in the Apple TV+ series about a veteran British police detective and a rookie who come into conflict when questions arise about an old case.

Key Rates

2024-01-15
30y-fix: 6.05%; 10y-treasury:3.94%

Be a little better version of yourself everyday

2024-01-15
"The whole secret of a successful life is to find out what is ones destiny to do, and then do it." -- Henry Ford

SEC Approves Bitcoin ETFs for Everyday Investors

2024-01-15
The exchange-traded funds will allow investors to buy bitcoin as easily as stocks or mutual funds.

Skydance Backers Explore Deal to Gain Control of Paramount

2024-01-15
CEO David Ellison, father Larry Ellison and other investors are in talks to buy Shari Redstone’s stake in National Amusements, Paramount’s parent.

How Banks Are Gaming a Fed Rescue Program

2024-01-15
Borrowing at the bank term funding program has risen to a record, but not because of new stresses.

Avalanche in Tahoe-Area Ski Resort Leaves One Dead

2024-01-15
The search has concluded at Palisades Tahoe, with no further missing people reported.

More Teens Who Use Marijuana Are Suffering From Psychosis

2024-01-15
More potent cannabis and more frequent use are contributing to higher rates of psychosis, especially in young people.

Citigroup Taking Charges on Argentina, Russia and Its Restructuring

2024-01-15
The bank’s profit will be hit by $1.3 billion in reserves and $780 million in severance charges.

Inflation Edges Up After Rapid Cooling in Most of 2023

2024-01-15
Report unlikely to change the Feds near-term policy outlook

Chesapeake to Forge Gas Giant Through Southwestern Deal

2024-01-15
The $7.4 billion all-stock transaction will create one of the U.S.’s largest natural-gas producers and is the latest in a flurry of energy deals.

Cancer Is Striking More Young People, and Doctors Are Alarmed and Baffled

2024-01-15
Researchers are trying to figure out what is making more young adults sick, and how to identify those at high risk.

Iran Seizes Oil Tanker Linked to U.S. Sanctions Dispute

2024-01-15
The seizure off the coast of Oman came as Secretary of State Antony Blinken wrapped up a Mideast tour aimed at cooling tensions.

After Big Tesla Bet, Hertz Selling One-Third of EV Fleet

2024-01-15
The car-rental company said it would use some proceeds from selling about 20,000 EVs in the U.S. to purchase internal-combustion-engine vehicles.

Microsoft Dethrones Apple as Largest U.S. Company

2024-01-15
Microsoft’s AI-powered stock rally has made the software giant the largest U.S. company by market value, surpassing Apple for the first time since November 2021.

Google Trims Hundreds of Jobs as It Marshals Resources for AI

2024-01-15
The cuts affect employees in divisions including hardware and internal software tools.

Biden Administration to Probe Steel Deal Caught in 2024 Crosswinds

2024-01-15
A deal to sell U.S. Steel to a Japanese company is headed for a review by Cfius, a Treasury-led interagency panel.

Blackstone Names Global Co-CIOs

2024-01-15
Ken Caplan and Lionel Assant promoted to newly created roles.

Elegance Touches Down at Boston’s Terminal E

2024-01-15
An eye-catching red boomerang, the $800 million new terminal at Logan International Airport creates an environment for travelers that feels more humane than harried.

Finally, a Good Year for Renters

2024-01-15
Rent inflation has hit tenants hard in the last few year, but renters now have more options and negotiating power than they did a year ago.

U.S.-Led Coalition Launches Strikes on Houthi Rebel Targets in Yemen

2024-01-15
The strikes come two days after the Yemeni rebel force defied an ultimatum to halt its attacks on ships transiting the Red Sea.

CVS Is Closing Pharmacies Inside Some Target Stores

2024-01-15
The closures are part of CVS’s efforts to pare down its retail footprint.

Weight-Loss Drugs Don’t Cause Suicidal Thoughts, FDA Says

2024-01-15
Some patients and doctors had reported suicidal thoughts after taking GLP-1s.

Novartis Pursuit of Cytokinetics Cools

2024-01-15
The Swiss pharma giant had been expected to clinch a deal for the heart-drug developer as soon as this week.

Citigroup to Cut 20,000 Jobs

2024-01-15
Citi, which ended 2023 with about 200,000 employees, plans to trim the jobs from its workforce by the end of 2026. The bank also swung to a loss in the fourth quarter.

JPMorgan Posts Record Annual Profit Despite Quarterly Slip

2024-01-15
The biggest bank in the U.S. has benefited from higher interest rates, which increased margins in its lending business.

A Weight-Loss Drug Changed My Life. Will It Solve My Problem?

2024-01-15
Americans are flocking to pricey new medicines that can combat obesity, and I lost 40 pounds on one. What happens next is a new frontier.

BlackRock to Buy Infrastructure Firm for $12.5 Billion

2024-01-15
The acquisition of Global Infrastructure Partners, a private-equity firm focused on infrastructure, would be BlackRock’s largest in 15 years.

Trump’s Hold on Rural America Is Key to His Resilience

2024-01-15
Outsize support in places like Iowa’s Hancock County are helping propel the former president past legal woes and challengers.

U.S.-Led Yemen Strikes Heighten Risk of Broader Conflict

2024-01-15
Yemen’s Houthi rebels said they remained undeterred from launching more attacks on shipping in the Red Sea. Crude oil futures jumped.

FAA Says It Will Ramp Up Inspections of Boeing Facilities

2024-01-15
The agency plans to audit the Boeing 737 MAX 9 production line and suppliers after the Jan. 5 emergency involving an Alaska Airlines jet.

$6 Trillion in Taxes Are at Stake in This Year’s Elections

2024-01-15
President Biden and Republicans offer vastly different plans for handling tax cuts that lapse after 2025.

U.S., Partners Explore Seizing Russian Assets to Back Loans to Ukraine

2024-01-15
Western officials are considering ways to seize Russian funds without spooking international investors.

Israelis Express Outrage at Genocide Accusation in U.N. Court

2024-01-15
South Africa’s accusation drew an angry backlash in a nation formed in the aftermath of the Holocaust.

U.K. Boosts Military Aid to Ukraine Amid U.S. Deadlock

2024-01-15
The U.K. government pledged nearly $3 billion in fresh military support for Ukraine, the latest example of Europe bolstering aid for the war-torn country.

The Democrat, the Fracking Executive and the Deal They Struck. Can It Work?

2024-01-15
Pennsylvania’s governor and the chief executive of natural-gas driller CNX Resources are pursuing a fracking business model.

Inside Gucci’s Quest For Older, Richer Customers

2024-01-15
The new CEO is making the trendsetting label more understated—and trying to learn Italian, too.

The Businesses That Rescued America From Inflation, Recession, Lost Jobs

2024-01-15
From oil drillers to chip makers, businesses responded to soaring prices by boosting supply, which cooled inflation without a recession or high unemployment.

Boeing’s Pile of Problems Gets Bigger as a Crucial Buyer Hesitates

2024-01-15
More safety checks are being planned on the undelivered planes to China following the Alaska Airlines blowout.

Shoppers Prefer Staying Outdoors. That’s More Trouble for Malls.

2024-01-15
Bath & Body Works, Foot Locker and Abercrombie & Fitch are among the retailers ditching malls for strip centers and other shopping outlets.

Robots Are Looking Better to Detroit as Labor Costs Rise

2024-01-15
Expensive new union contracts are sparking more interest in assembly-line automation for vehicles, but risks exist.

Crash Parties, Escape Dull Chitchat and Make Powerful Friends: What Davos Elites Know

2024-01-15
The elbow-rubbing tactics on display in the Swiss Alps this week can apply to any business gathering or cocktail party, regardless of your VIP status.

Medicare Patients on Pricey Drugs Are Saving Big This Year

2024-01-15
For the first time, Part D plan patients will hit a ceiling on how much they pay out of pocket for most prescriptions.

Fed Tiptoes Toward Dialing Back a Channel of Monetary Tightening

2024-01-15
By slowing the pace at which its balance sheet shrinks, the central bank aims to prevent a messy disruption to the financial system.

Lava Engulfs Homes in Icelandic Town After Second Eruption

2024-01-15
No lives are in danger, said the country’s president, as lava flows set houses on fire in the evacuated town of Grindavík.

Young Black Americans Embrace the Stock Market

2024-01-15
Mobile apps, social media and word-of-mouth are reshaping the makeup of the market. Nearly 40% of Black Americans owned stocks in 2022, up from just under a third in 2016, according to recent Federal Reserve data.

Goldman Sachs Goes Big on Lending to the Wealthy

2024-01-15
The Wall Street giant, having given up on Main Street consumers, now wants to increase loans to hedge funds, private equity and the ultrarich.

Chiefs-Dolphins Playoff Game on Peacock Sets Records for U.S. Streaming and Internet Usage

2024-01-15
Saturday’s NFL Wild Card game on NBCUniversal’s streaming service drew 23 million viewers and accounted for 30% of U.S. web traffic.

Key Rates

2024-01-20
30y-fix: 6.15%; 10y-treasury:4.13%

Be a little better version of yourself everyday

2024-01-20
"If youre not stubborn, youll give up on experiments too soon. And if youre not flexible, youll pound your head against the wall and you wont see a different solution to a problem youre trying to solve." -- Jeff Bezos

Apple to Remove Blood-Oxygen Sensor From Watch to Avoid U.S. Ban

2024-01-20
The tech giant’s withdrawal of technology may end a cloud hanging over the $18 billion smartwatch business.

Houthis Turn Their Sights on U.S. Ships, Vow to Keep Attacking Red Sea Targets

2024-01-20
A U.S.-owned containership was struck and a Navy destroyer was targeted as attacks become more widespread and indiscriminate.

‘The Bear,’ ‘Beef’ and ‘Succession’ Dominate Emmy Awards

2024-01-20
Here are the movies, TV shows and Hollywood talent that took home awards Monday night.

John Deere, Meet Elon Musk: SpaceX Satellites to Link Farm Giant’s Equipment

2024-01-20
The farm machinery maker hired SpaceX’s Starlink service to provide satellite internet connections for tractors, harvesters and crop sprayers in remote areas.

Winter Storms and Dangerous Cold Hammer Much of the U.S.

2024-01-20
More than 2,600 flights are canceled as brutally cold weather, snow and freezing rain hit swaths of the country.

OpenAI Bans Use of AI Tools for Campaigning, Voter Suppression

2024-01-20
The maker of ChatGPT and Dall-E aims to prevent abuse and increase transparency.

The Dallas Cowboys Fall on Their Faces in the Playoffs. Again.

2024-01-20
Dallas had the NFL’s top offense, a dominant defense and home-field advantage. It didn’t prevent an excruciating postseason loss, one that could spell the end for coach Mike McCarthy.

Goldman Sachs Reports Sharply Higher Earnings

2024-01-20
Revenue from investment banking and trading, Goldman’s traditional powerhouses, were both down for the quarter.

The M.B.A.s Who Can’t Find Jobs

2024-01-20
Some graduates are struggling to find work months after completing their business degree as the market for white-collar jobs gets tougher to crack.

The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared

2024-01-20
Company spending on the benefit has climbed 50% since before the pandemic, and it doesn’t appear to be slowing.

Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks

2024-01-20
The oil major joined other global shippers in deciding to avoid the area.

Inside a Plan to Save Homeowners Hundreds of Dollars Closing Their Mortgages

2024-01-20
A little-known alternative to title insurance has gained support from Fannie Mae.

Bipartisan Tax Deal Revives Business Breaks, Expands Child Credit

2024-01-20
Lawmakers unveiled an agreement that would revive expired breaks for businesses and raise the child tax credit for low-income families.

Global Battery Race Heats Up With Billions for Europe’s Northvolt

2024-01-20
The startup plans to use the funding to expand battery production at a factory in northern Sweden for customers such as Volkswagen and BMW.

Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements

2024-01-20
The billionaire said in a post to X that he feels uncomfortable making the auto company a champion of artificial intelligence without holding about 25% of the company.

U.S. Searches for Two Navy SEALs Missing in Arabian Sea

2024-01-20
They went missing during an operation to board a boat carrying Iranian military supplies to Houthis in Yemen, the U.S. military said.

New York Plans to Spend Billions More on Migrant Crisis

2024-01-20
Both Gov. Kathy Hochul and New York Mayor Eric Adams on Tuesday will unveil proposed budgets for the next fiscal year.

A Turbulent Year May Lie Ahead—CEOs at Davos Are Optimistic

2024-01-20
Business leaders at the World Economic Forum are feeling increasingly confident about the U.S. economy and the strength of consumer demand.

J.P. Morgan Securities to Pay $18 Million for Whistleblower Protection Violations

2024-01-20
A JPMorgan Chase subsidiary will pay $18 million to settle charges that it violated protections for whistleblowers.

China’s Population Decline Accelerates

2024-01-20
As women skip motherhood, births continue to plummet. China ended 2023 with 1.410 billion people, a drop of 2.08 million.

Israel’s War in Gaza Enters Its Most Perilous Phase Yet

2024-01-20
The military aims to take control of the vast maze of tunnels under Khan Younis as refugees crowd into the south and the international outcry grows over the death toll.

Harvard Tries to Smooth Things Over With Silicon Valley

2024-01-20
Executives of Harvard’s endowment went on an unusual tour last week, meeting with venture capitalists to address concerns about campus turmoil.

Many Cancers Are on the Rise in the U.S., Even as Overall Deaths Fall

2024-01-20
Increases and disparities are threatening the progress made over the past three decades.

Consumers Head Into 2024 on Strong Footing

2024-01-20
Americans spent more at stores, auto dealerships and online to close out last year, suggesting consumers can continue to drive economic growth in 2024.

New CNN Boss Shakes Up News Operations, Explores Digital Subscription Model

2024-01-20
Mark Thompson is combining the network’s newsgathering divisions into one unit and exploring subscription programs for news.

Verizon to Book $5.8 Billion Charge on Business Unit

2024-01-20
The charge relates to Verizon Business Group, which has been grappling with falling results as revenue from landline business services has eroded.

Bill Coming Due on Record Amount of Commercial Real Estate Debt

2024-01-20
More than $2.2 trillion in debt is maturing before 2028, and much of that will have to be refinanced at higher rates.

Tech Employee Who Went Viral for Filming Her Firing Has No Regrets

2024-01-20
Ex-Cloudflare employee Brittany Pietsch said other companies have reached out since she shot to social-media fame.

High Court Hears Plea From Businesses to Reverse a Ruling They Once Backed

2024-01-20
The Reagan-era Chevron decision that reined in judges has given federal agencies too much leeway, challengers say.

Fight Over Ukraine, U.S. Border Moves to White House

2024-01-20
President Biden plans to hold a high-stakes meeting with Senate and House leaders on Wednesday to discuss his $110.5 billion national-security request.

Knicks Owner James Dolan Accused of Sexual Assault

2024-01-20
The mogul behind Madison Square Garden and the New York Knicks was accused of sexually assaulting a massage therapist a decade ago. His lawyer denied the allegations.

Health Insurers Must Streamline Prior Authorization Decisions, New Rule Says

2024-01-20
It would also require the plans to provide more information on denials and the status of decisions.

A Pandemic-Era Tax Break Is Unraveling, and the Lawsuits Are Flying

2024-01-20
A crackdown by the IRS has sparked disputes between one big adviser on the employee-retention credit and many of its small-business clients.

Meet the Hockey Diehards Building NHL-Worthy Rinks in Their Backyards

2024-01-20
Some homeowners spend hundreds of thousands to create the perfect setup.

This Startup Aims to Rival SpaceX With Reusable Rockets

2024-01-20
While SpaceX has made huge advancements in landing and relaunching fairings and boosters, it is yet to create an entirely reusable system. Startup Stoke Space is hoping to change this, but right now its rocket system is still a way off.

A $60-Plus Billion Pay Package? Musk Gives Tesla’s Board a Nightmare Task

2024-01-20
Corporate-governance tensions are unavoidable in owner-managed companies, but they needn’t be inflamed on social media.

Biden Accedes to Tougher Stance on Immigration

2024-01-20
President Biden has for decades stayed out of immigration-reform fights. Now, facing criticism on the issue and seeking backing for Ukraine aid, he’s in the middle of one.

The $8.8 Trillion Cash Pile That Has Stock-Market Bulls Salivating

2024-01-20
Wall Street hopes trillions in money-market funds will flow into stocks and bonds. Investors have varying plans.

Uvalde Response Failed at Every Point, Federal Report Says

2024-01-20
The Justice Department detailed law-enforcement chaos and inaction in the fatal shooting of 19 children and two teachers.

Spotify Dominates Audio Streaming, but Where Are the Profits?

2024-01-20
The company has expanded beyond music to stay ahead but has struggled to make money.

U.S. Plan for Postwar Mideast Isn’t Gaining Much Traction

2024-01-20
U.S. goals for the region require forging a consensus on who will secure and rebuild Gaza after the Israeli invasion.

TSMC Thinks 2024 Will Repower Chip Sales

2024-01-20
The world’s largest contract chip maker expects revenue to grow over 20% this year—a sign the electronics downturn is finally over.

Regulator Calls for Stricter Rules on Flighty Deposits

2024-01-20
The head of the OCC wants rules requiring large and midsize lenders to show they can withstand the rapid deposit runs that took down three banks last year.

Drugmakers Raise Prices of Ozempic, Hundreds of Other Drugs

2024-01-20
Companies including Novo Nordisk, maker of Ozempic, and Eli Lilly, which sells Mounjaro, raised list prices on 775 brand-name drugs in the first half of January.

Peltz Calls for Disney to Target ‘Netflix-Like’ Streaming Margins

2024-01-20
The activist investor’s Trian Fund Management is also pressing for clear succession planning and studio improvements.

Hyundai, Kia Emerge as Tesla’s Biggest U.S. EV Competitors

2024-01-20
The pair of allied Korean carmakers jointly came second in U.S. electric vehicle sales last year and are poised to cement that position with new models and aggressive pricing.

Spirit Airlines Explores Restructuring Options Following JetBlue Deal Collapse

2024-01-20
The airline plans to talk to advisers about ways to deal with its debt, with more than $1 billion coming due next year.

Companies Snap Up New Clean-Energy Tax Credits

2024-01-20
A new government program is designed to funnel cash quickly to renewable-energy developers, potentially accelerating the transition from fossil fuels.

For $8.2 Million, a Palace-Turned-Wine Estate in the North of Portugal

2024-01-20
Located in the Vinho Verde wine region, the 23,700-square-foot Villa Beatriz has been in the same family since the early 1900s. Now the home is looking for a new steward.

Your Prayers Have Been Answered: L.A. Home With Its Own Chapel Asks $38.5 Million

2024-01-20
The gated compound also has a Spanish Colonial Revival-style house, guesthouse and pool.

Congress Averts Government Shutdown as Conservatives Steam

2024-01-20
The measure, approved by the Senate earlier in the day, funds federal operations into March as lawmakers work out a full-year budget. The bill now goes to President Biden.

Macy’s to Cut About 2,350 Jobs, Close Five Stores

2024-01-20
Macy’s plans to lay off about 13% of its corporate staff in a bid to trim costs and redirect spending toward improving customers’ shopping experience.

The Multibillion-Dollar Bet That Truckers Will Ditch Diesel for Electricity

2024-01-20
Cummins, the leading maker of diesel engines in the U.S., and two truck makers, Daimler and Paccar, are teaming up on a $2 billion factory in Mississippi to make batteries for electric commercial trucks.

Home Sales Likely Fell to 15-Year Low in 2023

2024-01-20
High mortgage rates and prices made home-buying prohibitively expensive for many people last year.

EU Commission Intends to Block Amazon’s iRobot Acquisition

2024-01-20
The European Union’s competition watchdog is weighing the tech giant’s $1.7 billion bid to purchase Roomba maker iRobot.

Pentagon’s Rehab of Nuclear-Missile Arsenal Hit by Soaring Costs

2024-01-20
The projected cost of replacing aging Minuteman ICBMs buried in silos across the Great Plains has soared by more than a third to $107 billion, the Pentagon said, a development that comes as China pushes ahead with an expansion of its arsenal.

AST SpaceMobile to Offer $100 Million in Stock After AT&T, Google Deal

2024-01-20
Shares jumped after news of the AT&T and Google investments, then reversed course after the company launched the offering.

A Hot Debt Market Is Slashing Borrowing Costs for Riskier Companies

2024-01-20
Companies with low credit ratings are rushing to reduce their borrowing costs even before the Federal Reserve makes a single interest-rate cut.

Americans Are Finally Feeling Better About the Economy

2024-01-20
New consumer sentiment data will show if the improving mood has extended into 2024.

Your New $3,000 Couch Might Be Garbage in Three Years

2024-01-20
Furnishings that used to last for a decade or more fall apart much sooner now. Think fast fashion for furniture.

Wayfair Boss, Weeks After Viral Memo, Cuts 13% of Staff

2024-01-20
Chief Executive Niraj Shah says the online retailer went “overboard” in hiring.

Spirit Airlines Looking to Refinance $1.1 Billion in Debt

2024-01-20
Shares soared as the budget airline guides for a better-than-expected quarter.

The Red Sea Conflict Is Scrambling Shipping. Europe Is Bearing the Brunt.

2024-01-20
Europe is again on the front line of the latest geopolitical tensions, a development that threatens to widen the economic gap between it and the U.S.

Ford to Cut Production of Electric F-150 Lightning Amid Weaker Demand

2024-01-20
The automaker also faces competition as other battery-powered pickups hit the market.

The Real Reason You’re Paying for So Many Subscriptions

2024-01-20
It’s one of the hidden forces behind the subscription economy: Americans are spending billions on stuff they forget to cancel.

An Unusual Alliance Pushes Back on Fed’s Bank Capital Plan

2024-01-20
Not surprisingly, large banks have led the pushback against a proposal to make them hold more capital. But they have been joined by a broad cross-section of Democratic lawmakers.

Apple Offers to Open Mobile Payments to Third Parties Amid EU Antitrust Case

2024-01-20
The tech giant’s proposal is aimed at allaying competition concerns from European regulators.

Bad Hotels and Not Enough Wine: A Week With Billionaires

2024-01-20
Aging rockers play on and the networking never ends among royals, politicians and CEOs.

After a Sugar High of Free Money, These Billion-Dollar Technologies Need a Nap

2024-01-20
Once overhyped and overpromised, these major areas of tech investment are finally facing reality. The contraction and disinvestment may only be just beginning.

These Netflix Documentaries Are Hits. Scientists Hate Them.

2024-01-20
“Ancient Apocalypse” and “Unknown: Cave of Bones” circulate unverified science, many archaeologists say. The filmmakers defend their storytelling.

Americans Looking for Love Are Getting Killed by Gangs in Colombia

2024-01-20
The U.S. Embassy issued an alert after eight men died in Medellín, often after meeting women on dating apps.

Rising Defaults May Give Misleading Picture on Consumer Health

2024-01-20
Many credit measures are still being driven by the pandemic’s effects on household finances.

Legitimate From Bogus Pandemic Tax-Credit Claims

2024-01-20
Some businesses say they are still waiting for legitimate refunds for the pandemic-era credit.

How AI Can Find the Perfect Movies, TV Shows and Books for You

2024-01-20
Looking for entertainment both you and your partner will like? For a family road trip? For doing your taxes? You just have to know the right questions to ask.

Your Healthspan Is as Important as Your Lifespan—and It’s Declining

2024-01-20
Medical advances are turning fatal illnesses into chronic ones, and some health problems are hitting us earlier and more widely.

Key Rates

2024-01-25
30y-fix: 6.2%; 10y-treasury:4.152%

Be a little better version of yourself everyday

2024-01-25
"If youre going through hell, keep going." -- Winston Churchill

U.S., Arab Allies Push Hostage-Release Plan Aimed at Ending Israel-Hamas War

2024-01-25
The talks are at an early stage, and large gaps remain between Israel and Hamas on the details.

They Thought Their Money Was in High-Interest Accounts—They Got Paid Peanuts

2024-01-25
When interest rates started rising in 2022, many Capital One customers assumed their rates would go up. Instead, the bank is paying them far below the 4.35% it advertises.

A Muni Giant Exits the Field. What It Means for the $4 Trillion Market.

2024-01-25
State and local governments have long relied on muni market heavyweight Citigroup. Now they will need to look elsewhere as the bank restructures.

Criminal Behavior, or Bad Parenting? School Shooting Spurs Charges Against Mom and Dad

2024-01-25
The first of separate manslaughter trials starts Tuesday for the parents of Ethan Crumbley, the shooter who killed four students at Michigans Oxford High School in 2021.

Votes for Sale! A Startup Lets Shareholders Sell Their Proxies

2024-01-25
Backers say the setup can help ordinary investors get cash for voting rights they are unlikely to use, but critics worry the practice is rife with the potential for abuse.

One City and Three Retailers Tried to Fight Shoplifting. The Stores Closed Anyway.

2024-01-25
Portland, Ore., officials and retail executives spent months debating how to tamp down thefts and address quality-of-life issues. Ultimately the companies said the city didn’t do enough.

Boeing Snafus Add New Risks to 2024 Production Goals

2024-01-25
Financial analysts have lowered their forecasts in the wake of Alaska Airlines accident and investigations into the plane maker’s manufacturing.

FDJ Nears Roughly $2.5 Billion Deal for Kindred Group

2024-01-25
The deal would create one of Europe’s biggest online gambling companies and fits with FDJs ambitions to expand internationally.

Netflix Has Its Own Tough Act to Follow

2024-01-25
The streamer has the advantage over rivals, but its surging stock price has set expectations high.

For Delivery Drivers, Finding the Right Apartment Can Be a Nightmare

2024-01-25
New apps help in making sure packages land on the right doorstep among many.

Want Your Packages Delivered Faster and Cheaper? AI Is on the Case

2024-01-25
Artificial intelligence will transform the logistics of consumer deliveries, using drones, robots—and even finding open parking spots.

Charles Schwab Just Survived a Year From Hell. The Trouble Isn’t Over Yet.

2024-01-25
Executives said financial results should improve in the year ahead. Many employees, still stung by layoffs, remain uneasy.

Harvard Teaching Hospital Seeks Retraction of Six Papers by Top Researchers

2024-01-25
The Dana-Farber Cancer Institute is reviewing more than 50 papers for research misconduct, including work of the hospital’s CEO.

More Workers Want to Change Jobs, but the Market Is Getting Tougher

2024-01-25
Job dissatisfaction is colliding with a labor market offering shrinking opportunities for white-collar professionals.

The 20-Year-Old Amateur Who Just Eclipsed Tiger Woods and Phil Mickelson

2024-01-25
Nick Dunlap became the first amateur golfer to win on the PGA Tour in 33 years with a history-making performance over the weekend.

Musk Visits Auschwitz Ahead of Antisemitism Symposium

2024-01-25
Tesla CEO Elon Musk is in Poland to attend a symposium against the rise of antisemitism.

U.S. Ends Search for Navy SEALs Lost at Sea in Boat Raid

2024-01-25
The two SEALs were reported missing after taking part in an operation aimed at intercepting weapons for Iran-backed Houthi rebels.

Former Upscale Hotelier Tries Comeback With New Brand Aimed at Gen Z

2024-01-25
Sam Nazarian is joining with Wyndham to offer an affordable hotel brand for young travelers.

To Inflate Building Values, Office Landlords Offer Cash Gifts, Discounted Loans

2024-01-25
SL Green says that skepticism about the value of its 245 Park Ave. sale is misplaced.

Palantir’s Momentum Hurt by Slowing Growth in Government Deals

2024-01-25
Individual investors had bolstered the company’s share price in their enthusiasm for its new AI data platform.

Gucci Owner Buys Fifth Avenue Property in New York City for $963 Million

2024-01-25
The announcement comes as Kering and the wider luxury-goods industry grapple with slowing sales globally after years of strong results following the pandemic.

J&J, 3M Highlight Earnings Parade

2024-01-25
Earnings season is hitting its stride with a swath of the largest companies providing quarterly updates. Johnson & Johnson posted higher profit.

Johnson & Johnson to Pay $700 Million to Settle Baby Powder Probe

2024-01-25
The agreement in principle addresses an investigation brought by more than 40 states into the marketing of its talcum-based baby powder.

Investors Poured Millions Into Her Fashion Brand. Then It All Fell Apart.

2024-01-25
How Arielle Charnas and her clothing company Something Navy became a cautionary tale for influencer brands.

The Labor Union That Defeated Amazon Is Fighting for Survival

2024-01-25
The Amazon Labor Union’s leadership has been in turmoil following internal clashes with its president, who said funding has decreased.

For Property Investors, the Price of Homes Is Still Not Right

2024-01-25
Investor purchases of single-family homes tumbled 29% last year, as higher interest rates and record home prices compelled even deep-pocketed investment firms to pull back.

Why It Makes Sense for New EV Drivers to Look Beyond Tesla

2024-01-25
The brand is pursuing a different approach to making its vehicles more affordable—and it’s at the expense of existing Tesla owners.

Turn On This New iPhone Setting to Protect Your Money and Photos

2024-01-25
An iOS 17.3 setting can protect your iPhone if it gets stolen along with your passcode.

Netflix to Pay $5 Billion for ‘WWE Raw’ Rights in Live Events Push

2024-01-25
The multiyear deal will give the streaming giant exclusive rights to the hit wrestling show in the U.S. as well as international distribution rights in several countries.

Can Modular Building Solve the Construction Industry’s Labor Shortage?

2024-01-25
For years, the U.S. has faced a construction worker shortage and an affordable housing crisis. Now, builders can fast-track projects with modular construction, trimming timelines by up to 50%.

A $2,200 Dior Handbag Shakes South Korea’s Ruling Party

2024-01-25
Questions about the first lady’s acceptance of the bag have put pressure on the ruling party ahead of April elections.

Netflix Subscribers, Revenue Surge as It Cracks Down on Password Sharing

2024-01-25
Netflix is ramping up its investments in live programming with a deal for WWE wrestling rights, as it continues to add new customers at a rapid clip. Shares rose about 8% after hours.

L.A. Times Layoffs Are Latest Sign of Billionaire’s Clipped Ambitions

2024-01-25
The publisher of California’s most-prominent newspaper, which lost three of its top editors in recent days, is shrinking the newsroom by around 20% in the latest round of cuts.

‘Oppenheimer’ Leads With 13 Nominations

2024-01-25
Greta Gerwig’s “Barbie” came through with eight nominations, though Margot Robbie and Gerwig missed out on best actress and director, respectively. Martin Scorsese’s “Killers of the Flower Moon” garnered 10 nods.

Flash Floods Sweep Away Cars in San Diego Amid Historic Rainfall

2024-01-25
San Diego suffered its wettest day of January on record, according to the National Weather Service, which warned of continued flash flooding in southern parts of the U.S. throughout the week.

Canada’s Use of Emergency Powers to End Trucker Protests Ruled Unconstitutional

2024-01-25
The Liberal government plans to appeal the ruling, which said powers used to end a weekslong demonstration in Ottawa against Covid-19 vaccine mandates infringed on constitutional rights.

Turkey Approves Sweden’s NATO Membership Bid

2024-01-25
Sweden now only needs Hungarian approval to join the alliance and complete a significant enlargement of NATO.

Emma Stone’s Los Angeles Home Finds a Buyer in Less Than Two Weeks

2024-01-25
The actress, who received an Oscar nod for her role in “Poor Things,” listed the Los Angeles home for $3.995 million.

The Disney Sequel Bob Iger Never Wanted

2024-01-25
Two decades after replacing Eisner, the CEO faces many of the same challenges.

Tech’s ‘Magnificent Seven’ Stocks Are Back on Top

2024-01-25
The giants of the sector added more than $5 trillion in market value in 2023—and theyre rallying again as investors dial back their rate-cut expectations.

Apple Plans New Fees and Restrictions for Downloads Outside App Store

2024-01-25
Meta, Spotify and other companies are weighing new options for customers as Apple makes changes to comply with a new European law.

Five Elite Universities to Settle Price-Fixing Lawsuit for $104.5 Million

2024-01-25
The case accused 17 prestigious schools of colluding on financial aid calculations.

Michigan Won a Title. This School Spent Millions to Make Sure It Never Happens Again.

2024-01-25
When Ohio State suffered the ignominy of watching its hated rival win a championship, it sparked a surge in fundraising and an unprecedented spending spree to recruit top players.

Credit Card Debt Is Up—and Taking Longer to Pay Down

2024-01-25
From fuel and groceries to hotels and airline tickets, consumers are putting more purchases on credit cards.

Chipotle to Offer New Benefits to Draw Younger Workers for Burrito Season

2024-01-25
The company wants to hire 19,000 workers and entice them with free mental-health counseling.

J&J Can’t Promise Wall Street No More Tears

2024-01-25
Some investors struggle with owning the shares because of uncertainty over ongoing baby powder lawsuits.

Netflix Delivers Another Smackdown

2024-01-25
The streaming leader cemented its position with a strong boost in subscribers while the advertising contribution remains small.

Regional Banks Had Another Bad Quarter

2024-01-25
The 2023 bank crisis is over, but the worst may be yet to come for some regional and community lenders.

Woman Arrested for Allegedly Stealing $2,500 of Stanley Tumblers

2024-01-25
The arrest was the latest episode in the viral craze over the water bottles, which have become a status symbol for many women and teens.

U.S. Secretly Alerted Iran Ahead of Islamic State Terrorist Attack

2024-01-25
Washington passed actionable intelligence to Tehran about the plot that killed 84 and wounded many more.

What Recession? Growth Ended Up Accelerating in 2023

2024-01-25
The U.S. economy grew 3.1% over the last year as strong consumer spending and hiring upended recession fears.

Israel Builds Buffer Zone Along Gaza Border, Risking New Rift With U.S.

2024-01-25
U.S. officials say they first voiced their opposition to such a no-man’s land inside Gaza shortly after the war began and have watched with growing dismay as Israel has pushed ahead anyway.

Tesla Shares Slide After Warning of Slower Sales

2024-01-25
Shares in the EV maker fell about 10% after it warned of notably slower growth this year.

Microsoft Cuts 8% of Videogaming Staff

2024-01-25
The layoffs follow the company’s acquisition of Activision Blizzard in October.

Insurers Rake In Profits as Customers’ Premiums Soar

2024-01-25
The pain for home- and auto-insurance customers is becoming investors’ gain as insurance giants profits and shares hit records.

Well Into Adulthood and Still Getting Money From Their Parents

2024-01-25
Nearly 60% of parents provide financial help to their adult children, a new study finds.

Heating Your House Will Be Cheaper This Winter Thanks to Natural-Gas Boom

2024-01-25
There hasn’t been enough cold weather to burn up America’s gas surplus.

How One Company Hoovered Up $3 Billion in Broadband Subsidies

2024-01-25
Charter Communications received far more of the funding for low-income Americans to get internet service than any other company.

Humana Reports Steep Losses, Signals More Trouble for Next Year

2024-01-25
The insurer’s announcement will likely hit the entire sector because it suggested issues extend through the Medicare business.

Vice’s Refinery29 and BuzzFeed’s Tasty Are Up for Sale as Digital Media Contracts

2024-01-25
Latest sale discussions signal further struggles of once-hot digital media companies.

Bud Light’s Comeback Tour Will Hit the Super Bowl, Its Biggest Stage Yet

2024-01-25
Bud Light is returning to the Super Bowl with a 60-second ad representing the beleaguered beer’s biggest bid to recover from a consumer boycott last year.

ECB Holds Key Rate at Record High

2024-01-25
The European Central Bank’s rate decision signals concerns about high inflation even as the eurozone economy flirts with recession.

Key Rates

2024-01-30
30y-fix: 5.99%; 10y-treasury:4.07%

Be a little better version of yourself everyday

2024-01-30
"In order to be irreplaceable one must always be different." -- Coco Chanel

Remote Workers Bear the Brunt When Layoffs Hit

2024-01-30
New data shows fully remote employees are more likely to be let go than their peers. They are also more likely to quit.

Intel Shares Tumble After Sales Forecast Disappoints

2024-01-30
The results cast a pall over semiconductor stocks more broadly, which had been on a tear over the last week amid optimism that the industry was past last year’s slump.

Jamie Dimon Shakes Up JPMorgan Leadership Again

2024-01-30
The changes are sure to spark whispers about the race to succeed the famous chief executive whenever he decides to step aside.

Biden Pauses Approvals for LNG Exports

2024-01-30
A decision to review the impacts of exports of U.S. liquefied natural gas delivered a victory for environmental groups.

Feds to Dispatch More Resources to Fight Washington’s Violent-Crime Surge

2024-01-30
The Justice Department says the FBI-led effort aims to curb homicides and carjackings, which are rising in D.C. as they drop in other U.S. cities.

Argentina’s President Promised Free-Market Revolution, and Says He’s Delivering

2024-01-30
“There is no Plan B,” President Javier Milei told The Wall Street Journal, as his moves to privatize state companies and slash government jobs and spending are sparking inflation and protests.

San Francisco 49ers’ Thrilling Comeback Spells More Detroit Lions Heartbreak

2024-01-30
The Lions had the Niners on the ropes at halftime of the NFC Championship Game. Then everything changed.

Banker Bonuses Are Down Again—but It Stings This Time

2024-01-30
Wall Streeters hoped their payouts would bounce back this season to supersize levels. They haven’t.

S&P 500 Rallied to Records on the Back of Just One Sector

2024-01-30
Tech stocks keep climbing, while the other sectors are trading an average of 15% below their all-time highs. A rally that narrow makes the market more vulnerable to a downturn, some investors say.

Portable-Building Companies Near $3 Billion Merger

2024-01-30
Willscot Mobile Mini plans a cash-and-stock deal for McGrath RentCorp.

Meta Welcomes Headset War With Apple

2024-01-30
The Facebook parent hopes Apple’s Vision Pro, which hits U.S. stores Friday, will help validate Mark Zuckerbergs gamble on immersive virtual worlds.

Car Industry Seeks to Crush AM Radio; Congress May Rescue It

2024-01-30
Lawmakers from the right and left, along with conservative talk show hosts and FEMA officials, want to stop carmakers from dropping AM radio from new vehicles.

Big Year for EVs Gets Off to Bumpy Start

2024-01-30
The auto industry’s pivot to electric vehicles has been rocked by setbacks, creating more uncertainty as a flood of new battery-powered models hits showrooms.

Alaska Airlines Plane Appears to Have Left Factory Without Critical Bolts

2024-01-30
Boeing and other industry officials increasingly believe the plane maker’s employees failed to put back the bolts when they reinstalled a 737 MAX 9 plug door.

Dealers to GM: We Want Hybrids

2024-01-30
Some influential dealers are pressing General Motors to introduce hybrid models, worried they risk losing customers who aren’t ready to make the switch to fully electric cars.

Man Who Leaked Trump, Bezos Tax Returns Sentenced to Five Years in Prison

2024-01-30
Former IRS contractor Charles Littlejohn received the maximum sentence.

Top Goldman Sachs Executive to Depart

2024-01-30
Jim Esposito’s exit removes a potential contender for president or CEO.

Amazon Abandons iRobot Deal Amid Regulatory Scrutiny

2024-01-30
The companies cited challenges to gaining regulatory approval in the European Union. The Roomba maker will cut 31% of its workforce

‘What the Hell?’ Europe Chafes at America’s Protectionist Tilt

2024-01-30
After the Biden administration echoes Trump’s restrictive trade views, European officials worry the U.S. isn’t what it used to be. “The honeymoon is over.”

Watching Ads on Amazon Video Is a Deal Breaker for Some

2024-01-30
The move, which officially begins Monday in the U.S., has prompted some longtime subscribers to cancel Prime altogether.

Businesses and Consumers Are Borrowing Again

2024-01-30
Investors often watch credit markets as a gauge of economic health, so the rebound raises hopes that the U.S. can keep avoiding a long-feared recession.

For Retailers, Business Is Back and Landlords Say No More Rent Discounts

2024-01-30
Landlords are having a much easier time filling prime retail space and are far less likely to agree to concessions.

Tesla’s Recall Fix for Autopilot Irritates Drivers, Disappoints Safety Advocates

2024-01-30
A software remedy from the electric-vehicle maker sought to ease concerns about the company’s driver-assist system.

UPS to Cut 12,000 Jobs, Mandate Full Return to Offices

2024-01-30
CEO Carol Tomé said the cuts are a part of efforts to change how the company works amid a slowdown in shipments. Shares fell about 8%.

Apple Vision Pro: The Best Headset Yet

2024-01-30
Working, cooking, skiing, kicking back—our columnist wore Apple’s new mixed-reality headset for a week to see what it’s for.

GM’s Bullish Outlook Boosted by New Gas Models, Narrower EV Losses

2024-01-30
The automaker plans to introduce some plug-in hybrid models as it forecast better-than-expected earnings. Shares rose about 7%.

Elon Musk Says Neuralink Has Implanted Brain Chip in Human

2024-01-30
The announcement represents a potential milestone in the development of “brain-computer interface” technology.

Job Quitting Fell 12% Last Year—And That’s Bad News for the Economy

2024-01-30
Fewer resignations suggest that workers might have less confidence in the labor market amid news of high-profile layoffs and expected slower growth.

Defense Contractors Are Saying No to Their Biggest Customer: The Pentagon

2024-01-30
Global conflicts have driven record orders for Northrop Grumman, Lockheed Martin and RTX, but they are passing on some big deals.

The Real-Estate Downturn Comes for America’s Premier Office Towers

2024-01-30
Rents at the highest-end buildings have fallen, and the rate of leasing is slowing.

Business Groups Sue California to Block Climate Disclosures

2024-01-30
Thousands of publicly traded and private firms are expected to have to comply with the state’s new law.

New Drug Shown to Relieve Pain Without Getting Patients Addicted

2024-01-30
The non-opioid drug from Vertex Pharmaceuticals lowered the pain of study subjects, though it didn’t work better than popular painkiller Vicodin.

Key Rates

2024-02-05
30y-fix: 6.2%; 10y-treasury:4.16%

Be a little better version of yourself everyday

2024-02-05
"What seems to us as bitter trials are often blessings in disguise." -- Oscar Wilde

Elon Musk’s $55.8 Billion Tesla Pay Package Struck Down by Judge

2024-02-05
The Delaware judge cited Musk’s “extensive ties” with those determining his most recent pay deal, which shareholders approved in 2018.

Microsoft Earnings Jump as AI Demand Boosts Cloud Unit

2024-02-05
The company posted $21.9 billion in net income for the December quarter, a 33% gain and the strongest profit growth in more than two years.

Google’s Ad Sales Fall Short of Wall Street’s Lofty Expectations

2024-02-05
The results are a sign of renewed spending in the digital-advertising market during the holiday shopping season.

Walmart Announces 3-for-1 Stock Split

2024-02-05
The retail giant said it will conduct the stock split to make shares affordable for purchase by its associates.

Samsung Posts Weakest Earnings in Over a Decade

2024-02-05
The South Korean tech giant’s net profit fell 73% in the fourth quarter, leading to weak earnings for 2023.

Fed Signals Rate Cuts Are Coming but Not Imminent

2024-02-05
Central bank holds rates steady, abandons guidance on increases; stocks drop sharply

U.S. Presses for Long Cease-Fire to Pave Way for End of Gaza War

2024-02-05
A draft agreement hammered out in Paris by intelligence chiefs envisages an initial six-week pause in fighting in Gaza to release hostages.

‘You Have Blood on Your Hands’: Senators Assail Tech CEOs Over Dangers to Children

2024-02-05
The presence of grieving families lent the hearing an emotional charge, as lawmakers repeated stories of sexual exploitation, suicide and other suffering blamed on social media.

Allen Media Group Makes $14.3 Billion Offer for Paramount

2024-02-05
Media entrepreneur Byron Allen is throwing his hat in the ring for Paramount Global, the home of CBS and the Paramount Hollywood studio.

House Passes Tax Cuts for Businesses, Low-Income Families

2024-02-05
If the Senate agrees, the bill would also stop new claims for the pandemic-era employee-retention tax credit.

New York Community Bancorp Stock Plunges 38%, Reigniting Fears for Regional Banks

2024-02-05
NYCB built up capital after acquiring most of the failed Signature Bank in last year’s crisis.

Investor Group Targets Norfolk Southern, Aims to Oust CEO

2024-02-05
Investors have a $1 billion stake in the railroad operator and plan a fight for board control.

C.H. Robinson Profit Plunges on Weak Freight Demand

2024-02-05
The freight broker said profit plunged in the latest quarter as it continues to deal with poor levels of freight demand and a negative pricing environment.

The U.S. Is Spoiled by Cheap Canadian Oil. That’s About to Change.

2024-02-05
A long-awaited pipeline project promises to cut Americans’ discount.

MetLife Net Plunges Despite Revenue Surge

2024-02-05
The insurer posted adjusted earnings that were just shy of analysts’ estimates, despite a jump in revenue.

The Messenger Is Closing Less Than a Year After Its Launch

2024-02-05
The digital-news startup launched in May 2023 with $50 million in funding and 175 reporters.

Walmart, in a Reversal, to Open New Stores in the U.S.

2024-02-05
The retail giant will open or expand 150 stores over the next five years. Its last new Supercenter opened about two years ago.

Qualcomm Sales Bolstered by Smartphones, Auto Industry

2024-02-05
The chip company reported better-than-expected sales and profits, buoyed by a recovery in the smartphone market and an expanding business supplying carmakers.

Moviegoers Are Shocked to Find Out Major Films Are Really Musicals

2024-02-05
Recent movies feature characters bursting into song, a move that some viewers didn’t expect. ‘There was no warning.’

One of the First Homes Built in Pebble Beach Lists for $22.75 Million

2024-02-05
The circa-1920s Spanish Revival property was part of the coastal communitys first subdivision.

Boston’s Priciest Neighborhood

2024-02-05
In the 02115 ZIP Code, buyers fork over more per square foot than anywhere in the U.S.

Powell Navigates ‘Toxic’ Politics of Rate Cuts as Election Nears

2024-02-05
Demonstrating that economics, not politics, guide the Federal Reserve’s decisions is especially important and difficult this year.

Commercial Property Losses Hammer Banks on Three Continents

2024-02-05
Big lenders to real-estate owners and developers are on the front line of the downturn in office building use and falling valuations.

On the High Seas, a Pillar of Global Trade Is Under Attack

2024-02-05
Security crises from the Red Sea to the Black Sea pose a troubling question: How much has freedom of navigation been a historical anomaly, unlikely to endure?

Elon Musk Wants to Move Tesla’s Incorporation to Texas

2024-02-05
The company will hold a shareholder vote to decide whether to transfer its state of incorporation from Delaware, its chief executive said.

The Lawyer—and Drummer—Who Felled Musk’s $55.8 Billion Pay Package

2024-02-05
A high-profile legal team, led at trial by a former corporate-defense lawyer, handled the case that led to the Tesla CEO’s pay deal being nixed.

Peloton Stock Drops 20% to Record Low After Outlook Cut

2024-02-05
The fitness-equipment company’s revenue fell, and it warned of missing goals for positive free cash flow.

What Is McKinsey? Its Powerful Partners Are Searching for the Answer—and a Leader

2024-02-05
Top partner Bob Sternfels faces a protest vote to keep his job, highlighting cracks in an unusual management structure.

A New Global Tax Is About to Raise Billions. The U.S. Is Missing Out.

2024-02-05
The 15% global minimum tax is here, and it is raising corporate tax payments—just not in the U.S., where Congress hasn’t changed tax law to conform with an international deal.

Should Amazon Be Responsible for Everything It Sells and Ships? A U.S. Agency Will Soon Decide

2024-02-05
An order from the Consumer Product Safety Commission could classify it as a distributor, potentially exposing it to more legal claims. Amazon says it already works to protect consumers.

One of America’s Hottest Commodities Is Probably in Your Trash

2024-02-05
Demand for old corrugated boxes is rising thanks to new cardboard mills fed with recycled fiber.

Why Many Videos on TikTok Have Gone Silent

2024-02-05
Universal, the world’s largest music company, pulled music from the social-media platform after failing to reach a licensing pact.

Deutsche Bank Unveils Job Cuts, Plans Big Payout Boost

2024-02-05
The German lender’s costs are eating up a bigger-than-wanted chunk of its income.

Nine-Figure Home Sales Are Skyrocketing. ‘Soon $100 Million Will Be $200 Million.’

2024-02-05
The ultraluxury market has seen a surge in megadeals in recent years, as the ranks of wealthy buyers grew across the world.

Meta Shares Jump as Facebook Parent Initiates Dividend

2024-02-05
The companys shares climbed 14% after hours as it said it would pay a cash dividend for the first time. Fourth-quarter sales rose 25% to $40.11 billion.

Apple Sales Rise, Ending Streak of Declines

2024-02-05
Revenue for the crucial iPhone business grew nearly 6% in the December quarter, even as China sales continue to be a concern for investors.

Intel Delays $20 Billion Ohio Project, Citing Slow Chip Market

2024-02-05
Construction on two factories now is slated to be finished in late 2026 as the company also waits for government incentives.

Barbie Owner Mattel Draws Activist Seeking Changes at Toy Maker

2024-02-05
Activist investor Barington Capital wants the company to consider strategic alternatives for its American Girl dolls and Fisher-Price toys.

Harvard Professor’s Papers Contain Copied Images, Says Science Sleuth

2024-02-05
A Harvard Medical School scientist is facing accusations that more than two dozen papers he co-authored contain scientific images that appear doctored or copied.

The U.S. City With a Message for Migrants: We Want You

2024-02-05
Topeka, Kan., hopes to lure migrants to fill some of its thousands of open jobs.

Hiring Accelerated With 353,000 Jobs Added Last Month

2024-02-05
The unemployment rate was 3.7%

Millions of Teslas Recalled Over Latest Safety Fix

2024-02-05
The affected vehicles will receive an over-the-air software remedy, Tesla said, the latest in a series of setbacks to hit the automaker.

Federal Prosecutors Investigate Vince McMahon Sex-Trafficking Allegations

2024-02-05
Authorities in recent months have been in contact with women who have accused the longtime WWE boss of sexual misconduct.

Oil Profits Keep Flowing for Exxon and Chevron

2024-02-05
The U.S. giants join Shell in posting strong earnings, but face an uncertain outlook as countries vow to phase out fossil fuels.

Former Blackstone Partner on Track for $1 Billion Haul With New Real Estate Fund

2024-02-05
The new firm will focus on warehouses, multifamily buildings in Sunbelt cities and hotels.

America’s New Cable-TV King Almost Gave Up on Television

2024-02-05
Charter tops Comcast as the No. 1 pay-TV provider by subscribers, months after hinting it may exit the business.

The Hottest New Bedtime for 20-Somethings Is 9 p.m.

2024-02-05
Forget barhopping or even dinner out—more young professionals prefer turning in early.

Justice Department Charges Three People in $400 Million FTX Mystery Hack

2024-02-05
The hack coincided with the crypto exchange’s meltdown more than a year ago.

Colleges Dropped the SAT and ACT. High Schools Didn’t.

2024-02-05
Millions of students still take the exams, revealing a growing disconnect between requirements in K-12 and colleges.

Major U.S. Cities Are Becoming a Problem for Foreign Banks

2024-02-05
International banks often have greater exposure to U.S. downtowns and big cities.

Amazon and Meta—Nothing Artificial About These Results

2024-02-05
Strong earnings growth and a surprise dividend draw cheers as Apple reveals its China struggles, but AI hopes are high.

California Battered by Flash Floods and Hurricane-Level Winds

2024-02-05
Hundreds of thousands of residents were left without power and roads were flooded across the state.

How the Border Bill Would ‘Shut Down’ Illegal Crossings

2024-02-05
The bill’s central aim is to end “catch and release” and try to decide cases more quickly.

Home Buyers Are Shopping Again and Finding More Options

2024-02-05
Falling mortgage rates lured buyers back to the market after last year’s epic collapse in home sales.

The Biggest Grammys Moments, From Taylor Swift’s Historic Win to Joni Mitchell

2024-02-05
Swift’s “Midnights” album of the year win makes her the first person to win the award four times, and the singer announced a new album out in April.

Dartmouth Reinstates SAT Requirement in First for Ivy League

2024-02-05
The admissions requirement for SAT or ACT scores reverses a pandemic-era test-optional policy.

Donald Trump’s Global Business Empire Is Growing Again

2024-02-05
The former president, pursuing a return to Washington, resumes the expansion of his foreign real-estate portfolio after a pause during his White House term.

CNN Revamps Its Morning Lineup

2024-02-05
Kasie Hunt’s “Early Start” will run from 5 a.m. to 7 a.m. under the “CNN This Morning” brand.

The 49ers Defy Modern Football. It’s Why They’re in the Super Bowl.

2024-02-05
The San Francisco 49ers have reached the Super Bowl thanks to a strategic twist that’s changing the NFL.

The Investment Firm That Keeps Raising Giant Climate Funds

2024-02-05
A new Brookfield fund has raised $10 billion despite recent challenges for clean-energy projects.

Boeing Finds New Problem With 737 MAX Fuselages

2024-02-05
Boeing said it would have to fix misdrilled holes on about 50 new jets, likely delaying deliveries to airlines.

Caterpillar Stock on Track for Record High After Earnings Beat Forecasts

2024-02-05
Higher prices helped boost profit margins and offset a drop in sales volume at the construction-equipment maker. Shares rose more than 4% premarket.

McDonald’s Sales Dented by Israel-Hamas Conflict

2024-02-05
The burger giant’s fourth-quarter earnings still exceeded expectations, as higher menu prices and promotions helped lift U.S. sales.

Estée Lauder Stock Surges on Layoff Plans

2024-02-05
The company’s shares jumped more than 15% after the cosmetics giant said it would lay off up to 5% of its workers, moving to boost profit after several weak quarters.

Wegovy Maker to Boost Production Capacity With Multibillion-Dollar Deal

2024-02-05
The controlling shareholder of Wegovy maker Novo Nordisk is buying Catalent in a deal that values the U.S. drug company at $16.5 billion, including debt.

What a $200 Billion Blockbuster Drug Reveals About Big Pharma’s Playbook

2024-02-05
AbbVie’s success in navigating Humira’s decline holds lessons for pharmaceutical companies, investors and policymakers.

Key Rates

2024-02-15
30y-fix: 6.43%; 10y-treasury:4.21%

Be a little better version of yourself everyday

2024-02-15
"You miss 100 percent of the shots you dont take." -- Wayne Gretzky

America’s Biggest Bank Is Growing the Old-Fashioned Way: Branches

2024-02-15
Banking has gone digital, but JPMorgan is building bricks-and-mortar branches.

Adam Neumann Tries to Buy Back WeWork

2024-02-15
Financial support from Dan Loeb’s hedge fund Third Point has been lined up for a bid, a letter from the WeWork founder’s lawyers says.

Toyota Cashes In on Booming Hybrid Sales

2024-02-15
The Japanese carmaker forecast a record profit driven by gas-electric vehicles, as U.S. competitors look to catch up.

Los Angeles Hit by Mudslides, Flooding as Atmospheric River Persists

2024-02-15
Flash-flood warnings were in place in several areas of the city and torrential rains are forecast to continue in Southern California until later this week.

Why the FAA Still Can’t Fix Boeing

2024-02-15
The current system relies on the plane maker, not regulators, to ensure that jets are produced properly. “We’re not their quality department,” said a former senior FAA official.

The Other Football Player in Taylor Swift’s Life

2024-02-15
Scott Swift played a single season at the University of Hawaii before starting work in finance. His teammates from those days are only now discovering who he’s related to.

Why London’s Wealthy Are Renting Instead of Buying

2024-02-15
Many well-heeled buyers now favor renting over purchasing property, as home prices and sales continue to stall across the city.

College Financial-Aid Applications Fall 57%

2024-02-15
Tech glitches and delays in the government’s latest Fafsa rollout are making it hard for families to apply for aid.

Spotify Losses Narrow Amid Subscriber Growth, Price Increase

2024-02-15
The audio streamer attracted strong subscriber growth despite a price increase.

DocuSign to Cut About 6% of Jobs

2024-02-15
DocuSign said it plans to cut about 6% of its workforce in the latest round of layoffs to hit the tech sector.

Bud Light’s Comeback Tour Will Hit the Super Bowl, Its Biggest Stage Yet

2024-02-15
Bud Light is returning to the Super Bowl with a 60-second ad representing the beleaguered beer’s biggest bid to recover from a consumer boycott last year.

Luxury Retailers Are Buying Out Their Landlords

2024-02-15
The parent companies of Prada and Gucci are among those spending hundreds of millions of dollars for Fifth Avenue properties.

ESPN, Fox and Warner Team Up to Create Sports Streaming Platform

2024-02-15
The new service will be available as a stand-alone app, and to Max, Hulu and Disney+ subscribers as part of a bundle.

Moody’s Cuts NYCB to Junk, Extending Sharp Decline in Shares

2024-02-15
The downgrade is the latest blow to the besieged bank seeking to shore itself up after acquisitions and property losses.

SEC Increases Oversight for Hedge Funds, High-Speed Traders

2024-02-15
Traders and funds have warned that the cost of new rules will lead them to pull back from key markets.

Gina Carano Sues Disney for ‘The Mandalorian’ Firing, With Elon Musk’s X Footing the Bill

2024-02-15
Musk has said X would pay legal bills for people who say they were unfairly fired for posts on his platform.

ESPN, Fox and Warner Team Up on Sports

2024-02-15
The new streaming service will be available as a stand-alone app, and to Max, Hulu and Disney+ subscribers as part of a bundle.

Snap Doesn’t Get Its Meta-Moment

2024-02-15
Snapchat parent’s ad business is recovering slowly, dashing hopes that had overheated its stock. The stock dropped 30%.

America’s Most Expensive Home for Sale Hits the Market for $295 Million

2024-02-15
If it fetches that asking price, the roughly 9-acre compound in Naples, Fla., would shatter the U.S. home sale record.

Ford Could Get 50% More Profit Without EVs

2024-02-15
Delaying investments in the technology will boost earnings but also prolong a messy transition.

Uber Posts First Annual Profit Since Its IPO

2024-02-15
The company’s latest results mark an end to the growth-at-all-costs era.

CVS Health Cuts 2024 Guidance Due to Higher Medical Costs

2024-02-15
The healthcare company’s revised earnings projections are likely to add to investor uncertainty about the Medicare Advantage business.

Roblox Loss Widens While Sales Rise, Boosting Stock

2024-02-15
The videogame company widened its loss last quarter, even as revenue, net bookings and engagement improved. The stock rose about 15% premarket.

The 49ers Defy Modern Football. It’s Why They’re in the Super Bowl.

2024-02-15
The San Francisco 49ers have reached the Super Bowl thanks to a strategic twist that’s changing the NFL.

Rent Comes Down for the Wealthy, While Rising for the Rest

2024-02-15
A surplus of new housing is driving down prices at the top of the market. But high-end rent cuts mask how much the cost continues to rise to lease less-lofty residences.

States Crack Down on Social Media for Teens: ‘There Are No Guardrails’

2024-02-15
A proposal would restrict algorithms but faces potential First Amendment challenges.

The Spectacular Crash of a $30 Billion Property Empire

2024-02-15
Despite a criminal conviction, René Benko tapped into family dynasties and sovereign-wealth funds to raise billions for Signa; a stake in the Chrysler Building.

Super Bowl Ads Get More Star Power, More Candy

2024-02-15
Brands are pushing the limits of how many celebrities they can squeeze into a Super Bowl commercial break.

New EPA Pollution Rule Is Another Blow to Coal

2024-02-15
Stricter soot limits will save $46 billion in healthcare costs, federal officials say.

AstraZeneca Earnings Hit By Higher Costs

2024-02-15
AstraZeneca reported core earnings for the fourth quarter just short of consensus, but said it expected double-digit percentage growth in 2024.

Fidelity’s Abigail Johnson Shakes Up Executive Ranks, Again

2024-02-15
The CEO named a new finance chief and others. What the changes don’t do is offer much clarity on who will emerge as Johnson’s top deputy.

FCC Bans AI Voices in Unsolicited Robocalls

2024-02-15
The ruling comes amid an investigation of AI-generated robocalls in New Hampshire mimicking President Biden’s voice.

Permian Rivals Near Deal to Create $50 Billion Oil-and-Gas Behemoth

2024-02-15
Diamondback could announce a deal with the closely held Endeavor Energy Resources as soon as Monday.

Elon Musk Isn’t the Only Billionaire Fighting Delaware

2024-02-15
Companies tend to register in their home states or in Delaware—but states like Nevada and Texas are attracting powerful shareholders seeking an alternative legal environment.

A Buffett Protégé Makes an Offbeat Bet: Buy San Francisco Real Estate

2024-02-15
Ian Jacobs, a descendant of a real-estate clan, is bidding on near-vacant office buildings.

Why Three Media Giants Made a Hail Mary Bet on Sports Streaming

2024-02-15
Disney, Fox and Warner’s venture to bundle live sports content—the latest hit to traditional cable packages—needs to cover high costs and keep leagues on board.

The Priciest Shareholder Fight Ever Is Headed to Disney’s Boardroom

2024-02-15
More than $70 million could be spent in a bid to win everyday investors’ votes as two activist hedge funds separately pursue spots on the companys board.

AI Is Starting to Threaten White-Collar Jobs

2024-02-15
Jobs up and down the corporate food chain have been cut in the most recent cascade of layoffs. Leaders say the fast-evolving technology means many may never return.

Great Salt Lake Is Full of Lithium. A Startup Wants to Harvest It.

2024-02-15
Lilac has raised $145 million from Bill Gates’s Breakthrough Energy Ventures and other investors.

Cash-Flush Buyers Dip Into Distressed Commercial Real Estate

2024-02-15
With many owners unable to extend their loans, investors are starting to pounce on these properties.

Carl Icahn Reports Stake in JetBlue

2024-02-15
The activist investor has accumulated a 9.91% stake in JetBlue and might consider pushing for board representation, according to a regulatory filing.

Celebrity-Packed Super Bowl Ads Won the Game Within the Game, Surveys Show

2024-02-15
Famous names helped State Farm, Dunkin’ and BMW make an impression with viewers, according to early analysis.

Inflation at 3.1% Reflects Stubborn Pricing Pressure

2024-02-15
Gain defies estimates for a 2.9% rise; core prices increase by 3.9%

Senate Passes $95.3 Billion Ukraine, Israel Aid Package

2024-02-15
President Biden’s drive to send more aid to Ukraine took a big step forward, but the bills fate in the House remains uncertain.

A Texas Oil Driller Banks a $26 Billion Deal, With Regrets

2024-02-15
Texas oil driller Autry Stephens is about to become one of the richest men in the world. He isn’t sure how he feels about it.

Early Adopters of Microsoft’s AI Bot Wonder If It’s Worth the Money

2024-02-15
The artificial-intelligence aide handles email, meetings and other things, but its price and limited use have some skeptical it is a must-have tool.

Tougher Rent Laws Are Behind Trouble at NYCB

2024-02-15
The lender is coming under pressure as property values drop at rent-stabilized apartment buildings.

Super Bowl Draws 123.4 Million Viewers, Setting TV Ratings Record

2024-02-15
Sunday’s game broke viewership records, boosted by an overtime comeback win and the presence of Taylor Swift.

Tiger Woods Unveils New Apparel Line Called ‘Sun Day Red’

2024-02-15
The golf legend, whose longtime relationship with Nike ended last month, will partner with TaylorMade on the new clothing brand.

The Six Months That Short-Circuited the Electric-Vehicle Revolution

2024-02-15
Automakers went all in on battery power, but buyers have proven more hesitant. “Reality has set in,” said one auto worker.

Lyft Earnings Typo Sends Stock Soaring

2024-02-15
Shares jumped 28% shortly after the market opened, a day after the company’s earnings release accidentally added an extra zero to a key profitability metric.

The QQQ Fund, Now a $250 Billion Behemoth, Turns 25

2024-02-15
The launch of the technology-focused ETF in 1999 transformed the investing world in some ways. Yet tech investors still face some of the same fundamental questions.

Iran Gas Pipelines Explode in Act of Sabotage, Officials Say

2024-02-15
Iranian officials call Wednesday’s blasts a terrorist attack but didn’t blame anyone for the incident.

Drug Shortages Trigger FTC Probe

2024-02-15
The agency is questioning whether hospital purchasing groups and drug distributors have played any role in shortages of chemotherapies and other drugs.

Self-Driving Car Company Waymo Issues First-Ever Recall After Two Phoenix Crashes

2024-02-15
The Alphabet-owned company said it needed to fix its software after two of its cars hit a pickup truck being towed.

Congress Ponders a Valentine for Some High-Income Married Couples

2024-02-15
The plan to double $10,000 cap on state and local tax deduction for many married filers faces challenges.

Forget Passwords and Badges: Your Body Is Your Next Security Key

2024-02-15
Biometric scanning and AI advances mean security systems could use traits from your gait to your gaze to unlock your companys building and systems.

She Was Born to Be a Supermodel. She Wants to Build a Literary Empire, Too.

2024-02-15
From a star-studded book club to roles in irreverent comedies, Gen Z model Kaia Gerber is carving a path off the runway.

Would You Pay $10,000 For Someone to Dress You? These Regular Guys Do.

2024-02-15
It’s never been more complicated to pick a pair of pants. White-collar guys are paying thousands to professional stylists for dressing guidance.

Berkshire Hathaway Trims Its Massive Stake in Apple

2024-02-15
The investment had grown to an outsize share of the stock portfolio, prompting questions about how big Berkshire would let it grow.

One Dead, Over 21 Wounded in Shooting Near Kansas City Super Bowl Rally

2024-02-15
Police said three people were detained and under investigation. A number of the gunshot victims were children.

Morgan Stanley Is Laying Off Several Hundred in Wealth-Management Division

2024-02-15
The Wall Street firm’s plans to rein in costs under new Chief Executive Ted Pick will focus on a critical area.

BHP Signals $5.7 Billion of Write-Downs From Nickel Crash, Dam Failure Fallout

2024-02-15
The world’s biggest miner says it could mothball its big Nickel West operation if prices of the battery metal don’t improve.

Crown Castle Co-Founder Seeks Board Seats at Big Wireless-Tower Owner

2024-02-15
Ted Miller nominates himself and three others to join Crown Castle’s board.

NYC Sues Social-Media Companies for Youth Mental-Health Effects

2024-02-15
Mayor Eric Adams announced that the suit against Meta Platforms, Alphabet, Snap and ByteDance was looking to force the companies to change their practices.

A Mohamed Hadid Megamansion in Beverly Hills Just Sold for About $36 Million

2024-02-15
The sale of Le Palais, which the developer built around 2012, is a bright spot for the city’s luxury market, which has seen sales and prices slide

Immigration Wave Delivers Economic Windfall. But There’s a Catch.

2024-02-15
Recent migrants are expected to be lower paid and less productive than their predecessors, which could reduce average wages.

The Stanford Professor Taking on Racism in the $4 Trillion Muni-Bond Market

2024-02-15
The municipal-bond market is a sleepy corner of Wall Street that finances America’s roads and sewers. It also features in the nation’s history of racial inequality.

U.S. Shoppers Cut Back in January

2024-02-15
U.S. retail sales posted a larger-than-expected 0.8% loss after a strong round of holiday shopping in December.

Meta Steers Users Away From New Apple Fees in Latest Spat Between Tech Giants

2024-02-15
The Facebook parent published instructions encouraging advertisers to use a workaround to avoid paying a 30% service charge to Apple for boosted posts.

Private Spacecraft Launches in Bid for First U.S. Moon Landing Since 1972

2024-02-15
Intuitive Machines is aiming to become the first private company to land a device on the moon.

BlackRock Alum Launches Fund Focused on ‘Weird and Wonderful’ Assets

2024-02-15
Pam Chan is joining Lingotto, a new asset manager backed by Italy’s billionaire Agnelli family.

Airbus Extends Lead Over Boeing Amid Archrival’s Stumbles

2024-02-15
Analysts are questioning whether the end is near for the duopoly that has dominated the airplane-manufacturing industry for decades.

Rod Stewart Sells Song Catalog as Music Rights Fundraising Surges

2024-02-15
Investors are pouring billions of dollars into companies pursuing music-rights deals.

Everyone’s Making Country Music Now. This Singer’s Americana Is Homegrown.

2024-02-15
Waxahatchee talks about writing songs on the road, working with Wynonna Judd and the necklace that saw her through the making of her record.

Late Mortgage Payments Pile Up for Giant Apartment Lender

2024-02-15
Arbor Realty loans funded a Sunbelt apartment boom. Many of its borrowers are now struggling with higher interest rates.

Key Rates

2024-02-20
30y-fix: 6.58%; 10y-treasury:4.25%

Be a little better version of yourself everyday

2024-02-20
"The distance between insanity and genius is measured only by success." - Bruce Feirstein

U.S. Government Will Soon Spend More on Interest Payments Than Defense

2024-02-20
Higher Treasury yields are adding an extra trillion-plus dollars in deficit spending.

Realtors Are in Crisis—and Home Buyers Could Be the Winners

2024-02-20
A wave of lawsuits over fees paid to agents has put the giant trade association on the defense; ‘It got arrogant,’ said one real-estate executive.

Paramount Discussed Streaming Deal with Comcast

2024-02-20
The two companies have recently discussed a streaming partnership or joint-venture for Paramount+ and Peacock.

Million-Dollar Home Sales Were Rare Around Pensacola. Now They’re Everywhere.

2024-02-20
The development of the Florida city’s downtown has been a boon to its luxury market, which is showing little sign of letting up.

62% of Americans Lack College Degree. Can They Solve the Labor Shortage?

2024-02-20
IBM, Delta and others have dropped college degree requirements but old hiring habits are hard to break.

New OpenAI Technology Can Create Realistic Video From a Line of Text

2024-02-20
The AI program called Sora renders richly detailed videos based on written prompts.

SpaceX Forges Closer Ties With U.S. Spy and Military Agencies

2024-02-20
The Elon Musk-led company has grown from a for-hire rocket launcher into a major national-security contractor.

The Economy Is Booming, Data Show. Wall Street Disagrees.

2024-02-20
A handful of high-profile reports on inflation, gross domestic product and the labor market have shown a hot economy, but many economists have minimized these surprises.

Megaprojects in the Desert Sap Saudi Arabia’s Cash

2024-02-20
To fill gaps, the kingdom has turned to borrowing, and it plans another sale of stock in Saudi Aramco.

An Executive Bought a Rival’s Stock. The SEC Says That’s Insider Trading.

2024-02-20
Defense lawyers say the case is the first to involve “shadow insider trading.”

Walmart Seals $2.3 Billion Deal for TV Maker Vizio

2024-02-20
The purchase grants the retailer access to data and more space to sell ads as it eyes growth beyond selling goods.

For Marijuana Users, Even Legalization Doesn’t Guarantee Safety

2024-02-20
Mold, pesticides and heavy metals can contaminate pot products, threatening to sicken users.

Capital One Is Buying Discover Financial for $35 Billion

2024-02-20
The deal would combine two of the largest credit-card companies in the U.S. at a booming time for the sector.

Barclays Leans Away From Wall Street in Revamp Plan

2024-02-20
The U.K. lender will cap the share of assets devoted to its sprawling investment-banking arm in favor of its home business.

American Airlines Bumps Up Baggage Fees

2024-02-20
American Airlines will now charge $40 to check a bag at the airport for domestic flights or $35 for those who pay in advance online. A second bag will now cost $45.

Don’t Build That E-Commerce Warehouse in My Backyard, More Communities Say

2024-02-20
Consumers love next-day delivery but oppose the spread of logistics properties that make it possible.

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