OpenAI’s breakout product, ChatGPT, had humble origins. What started as a small research project ballooned into something much bigger: a groundbreaking large language model. But developing that technology was expensive, and to fund it, OpenAI would make a big compromise.
Nikki Haley, former U.N. ambassador and governor of South Carolina, has been gaining traction in the 2024 Republican presidential primary. But can she catch up to the front-runner, former President Donald Trump? WSJ’s Molly Ball breaks down Haley’s growing momentum.
Meta has spent months trying to fix child-safety problems on Instagram and Facebook. But as WSJ's Jeff Horwitz explains, the social media giant is still struggling to prevent its own systems from enabling and promoting a vast network of pedophile accounts.
Apple has filed for divorce from its partnership with Goldman Sachs.. It also marks a swift about-face for a partnership that, just last year, was extended through 2029. WSJ’s AnnaMaria Andriotis discusses the messy details she’s learned about the breakup.
For months, state and federal law-enforcement officials have been investigating a Medicaid scam in which hundreds of fraudulent sober-living homes in the Phoenix area have recruited Native Americans from across the West. Raquel Moody shares her experience in what she believes were fraudulent sober homes, and WSJ's Dan Frosch unpacks how the scam worked.
In 2015, a group of Silicon Valley heavy-hitters met for a dinner that would change tech history. They believed that the time had come to build a super-intelligent AI, and they founded a non-profit lab to try to do it. In part 1 of our series, Artificial: The OpenAI Story, we explore the company’s idealistic origins and speak with early employees about the struggle to make their AI dream a reality....
Billionaire investor Charlie Munger died Tuesday, just weeks short of his 100th birthday. Munger was vice-chairman of Berkshire Hathaway, and he was best known for his close partnership with CEO Warren Buffett. As WSJ’s Jason Zweig explains, Munger often played Buffett’s sidekick, but his investing expertise made him a celebrity in his own right.
Dubai, a city known for private jets, giant yachts and other symbols of carbon-heavy living, is an awkward location for a conference on climate change. The man organizing the COP28 summit also runs the country’s national oil company. WSJ’s Ed Ballard digs into the contradictions at the heart of this month’s climate summit and why they may not be that unusual.
A Journal investigation reveals a years-long culture of sexual harassment and intimidation at the Federal Deposit Insurance Corporation, a government agency that regulates banks. WSJ's Rebecca Ballhaus on the allegations and how some of the problems went all the way to the top.
Shares of Estée Lauder, the beauty giant, have plunged about 50% this year. And the members of the Lauder family are at odds about what to do. WSJ's Emily Glazer reports on the company's business mistakes and its rumblings of succession.
Changpeng Zhao built Binance into the world’s largest cryptocurrency exchange, and became one of the faces of crypto in the process. Last week, he appeared in federal court and pleaded guilty to violating U.S. anti-money-laundering laws and agreed to step down as CEO. WSJ’s Patricia Kowsmann explains what the deal means for Zhao, Binance, and the future of crypto itself.
We’re off today, but we still have a great episode for you. A texting scam that originated in China is on the rise in the United States. It’s more sophisticated than scams of the past, and it has already cost American victims more than $400 million. WSJ’s Robert McMillan explains how pig-butchering works, and one victim shares how it’s impacted her.
Ocean Spray’s farmers are responsible for 65% of the world’s cranberries. It’s not a publicly traded company. It’s not a traditional private company, either. It’s a cooperative founded nearly a century ago and owned by roughly 700 families. WSJ’s Ben Cohen tells the story of how the cranberry got into the can, and how the company is planning for a future beyond your Thanksgiving table.
Cheap drones, once the domain of hobbyists, are now in high demand on battlefields. Following Hamas's attack on October 7, Israel has been flooding suppliers with requests for drones: it wants as many as possible, as soon as possible. WSJ’s Heather Sommerville unpacks the benefits and perils of the use of off-the-shelf drones in modern warfare.
OpenAI unexpectedly fired its CEO and co-founder Sam Altman on Friday. The move kicked off a series of twists and turns that left the company and its staff in upheaval. WSJ’s Deepa Seetharaman wades through the chaos and explains what might be next for the company.
A Wall Street Journal investigation found that only 14% of emergency departments nationwide have been certified to treat kids. WSJ’s Melanie Evans explains why this is a problem across the country, and one family recounts their son’s experience in an ER.
Inflation has been a big problem in the U.S. economy over the past couple of years. The Federal Reserve has been trying to tamp it down without crashing the economy. WSJ’s Amara Omeokwe explains why a so-called soft landing is coming into view.
On Monday, Israeli troops reached Gaza’s largest hospital, Al-Shifa where Israel says Hamas conceals a major command center. WSJ’s Chao Deng and Margherita Stancati discuss what's happening at the hospital, where thousands of people, including patients and doctors, are trapped because of the fighting.
An economic downturn in China has resulted in historically high youth unemployment. At the same time, China’s leader Xi Jinping thinks the countryside is in need of rejuvenation. WSJ’s Brian Spegele explains how the Chinese leader is trying to tackle both issues in one fell swoop.
The trial of Sam Bankman-Fried is over. Rachel Humphreys and Caitlin Ostroff reflect on their month at court and answer outstanding questions about what happened at FTX, the trial and what comes next. Plus they reveal the final court cafeteria coffee tally.
Former Meta engineer Arturo Bejar thought he could help make Instagram safer after his daughter experienced harassment on the platform. But Bejar said that his concerns were not sufficiently addressed by senior leadership at the company and that teens are still at risk for harassment and bullying on Meta's platforms.
Oregon became the first state to decriminalize all drugs in 2020. The goal was to steer people to treatment who otherwise might have faced jail time. WSJ’s Zusha Elinson explains why many in Oregon have since turned against the decriminalization initiative.
WeWork, the office space coworking company, filed for bankruptcy yesterday. The company’s decision comes after it struggled with debt and a slump in the commercial real estate market. WSJ’s Eliot Brown recounts how the embattled startup ended up in bankruptcy.
Home buyers and sellers face the prospect of major changes to the ways they pay their real-estate agents, following a historic verdict against the National Association of Realtors and large residential brokerages. WSJ’s Laura Kusisto explains the stakes.
Brothers Ben and Max Morrissey were killed over a year ago by an explosion at their workplace, an oil refinery co-owned and operated by the oil giant BP in Ohio. WSJ's Jenny Strasburg talks to family members the brothers left behind and investigates what went wrong at the refinery.
A jury convicted FTX founder Sam Bankman-Fried of stealing billions of dollars from customers and lenders, in what prosecutors called one of the biggest financial frauds in U.S. history. Rachel Humphreys and Caitlin Ostroff were inside the courtroom for the verdict.
Meta, the parent of Facebook and Instagram, will soon find out how much users in Europe are willing to pay to access its social media platforms without ads. Meta’s subscription plan is the company’s latest move to address data privacy concerns from European Union regulators. WSJ’s Sam Schechner explains.
Both the prosecution and the defense make their final pitches to the jury as FTX founder Sam Bankman-Fried’s trial comes to a close. Rachel Humphreys and Caitlin Ostroff unpack closing arguments and look ahead to the trial’s conclusion.
Randy Hatton and Leslie Hendeles spent nearly two decades trying to convince the Food and Drug Administration that phenylephrine, a drug commonly used in cold medicines, was ineffective. In September, an advisory panel finally agreed. Now, some of the medicines are being pulled from store shelves.
A Danish antiques dealer named Ittai Gradel noticed a particular seller repeatedly listing valuable items for sale online at rock-bottom prices. WSJ's Max Colchester recounts how Gradel's sleuthing would eventually reveal a major antiques heist involving stolen British Museum antiquities.
Today, General Motors became the last of the Detroit automakers to reach a tentative deal with the United Auto Workers union. It follows tentative agreements struck last week with Ford and Stellantis and is expected to end a strike that has spanned more than six weeks. We speak to WSJ’s Nora Eckert about the agreements reached and what it means for the U.S. auto industry and labor movement.
With the jury in attendance, Sam Bankman-Fried took the stand to testify in his defense. Rachel Humphreys and Caitlin Ostroff break down where his story of the FTX collapse has differed from the testimony of his former colleagues Caroline Ellison and Nishad Singh.
TikTok is launching its Shop feature in the U.S. after mixed success in other countries. Meanwhile, Amazon’s Inspire feature brings short-form video to its shopping app. WSJ’s Meghan Bobrowsky on why the two companies are taking pages from each other’s playbooks.
After a short break, court is back in session as Sam Bankman-Fried takes the stand to testify in his defense. Rachel Humphreys and Caitlin Ostroff were inside the courtroom to hear some of Bankman-Fried’s side of the story and how the prosecution worked to pick it apart.
WSJ reporter Evan Gershkovich was arrested in Russia in March while on a reporting trip. He is being held in a Moscow prison awaiting trial. We speak to his parents Ella Milman and Mikhail Gershkovich on the eve of Evan's 32nd birthday about their efforts to free their son.
The Philippines and China are in an ongoing dispute over competing territorial and maritime claims in the South China Sea. A recent incident at Scarborough Shoal has added to tensions. WSJ’s Niharika Mandhana explains.
As Israel’s war with Hamas enters its third week, increased violence in the West Bank and on the border with Lebanon is fueling concerns of a larger regional war. WSJ’s Sune Rasmussen reports on Iran’s support of three militant groups: Hamas, Hezbollah and Palestinian Islamic Jihad.
On Tuesday evening, an explosion rocked a hospital in northern Gaza where hundreds were sheltering from Israeli airstrikes. The Gaza Ministry of Health blamed Israel for the blast but Israel, the U.S. government and independent security experts said preliminary evidence pointed to a local militant group. WSJ’s Yaroslav Trofimov explains what we know so far about the blast.
Over the course of Sam Bankman-Fried’s trial, the jury has seen evidence and heard testimony about the money circulating through FTX and Alameda. Rachel Humphreys and Caitlin Ostroff break down the prosecution’s case, and trace where the government says the money was coming from and where it went.
More than a week after Hamas militants launched a deadly attack on Israel, the fate of around 200 hostages held captive in Gaza is unclear. Direct lines of communication with Hamas are difficult, but two countries in the region have positioned themselves as key intermediaries: Qatar and Turkey. WSJ’s Drew Hinshaw and Joe Parkinson on what we know about who was taken and how the backchannel diplomac...
Nishad Singh— another critical member of Sam Bankman Fried’s inner circle— testified Monday saying FTX customer money was used to fund political donations and that he pushed back on Bankman-Fried’s spending on celebrities. Rachel Humphreys and Caitlin Ostroff unpack his testimony and discuss a medical issue Bankman-Fried raised to the judge.
The war between Israel and Hamas is one of the biggest tests of social-media’s content policing in years. Platforms have been dealing with a range of challenges, such as misidentified video footage, fabricated information and violent content. As WSJ's Tim Higgins explains, Elon Musk’s Twitter-turned-X has had major stumbles and is drawing European regulators' scrutiny.
Caroline Ellison took the stand for a third day as attorneys for Sam Bankman-Fried questioned her about her role in the collapse of FTX and Alameda Research. Rachel Humphreys and Caitlin Ostroff caught up with WSJ’s James Fanelli after court to unpack the defense’s strategy.
As Israel retaliates against Hamas for its deadly attack Saturday, it has launched unrelenting air strikes on Hamas-controlled Gaza. Neighborhoods, hospitals and schools now lie in ruins. More than a quarter-million people have fled their homes. And water, food and fuel are scarce. We talk to the WSJ’s Jared Malsin and a doctor on the ground in Gaza about the mounting crisis there.
Caroline Ellison, the former CEO of Alameda, took the stand for a second day Wednesday. Producer Rachel Humphreys and WSJ’s Caitlin Ostroff discuss Ellison’s testimony and what it revealed about alleged bribes to Chinese officials, misleading statements to investors, and the final days of FTX.
The U.S. House of Representatives has been without a Speaker for more than a week. Now, Republicans say that they have a nominee for the position. WSJ’s Katy Stech Ferek describes the recent chaos, why Republicans appear to have rallied around Steve Scalise and what happens next.
Caroline Ellison met Sam Bankman-Fried trading at Jane Street. The two would go on to have a close professional and personal relationship as his crypto empire grew and then eventually imploded. Now, she has pleaded guilty and is testifying against him. Producer Rachel Humphreys and WSJ’s Caitlin Ostroff discuss her testimony and how the government is using it to build their case against Bankman-Fri...
Early Saturday, Hamas fired thousands of rockets into Israel as its fighters poured across the border from Gaza, killing hundreds and taking others hostage. In response, Israel declared war on Hamas and began retaliatory strikes on Gaza, also killing hundreds. WSJ’S Dov Lieber on a “game-changing” moment in Israeli-Palestinian relations and what comes next.
Gary Wang, FTX’s former chief technology officer, took the stand in the government’s case against Sam Bankman-Fried. Producer Rachel Humphreys and WSJ’s Caitlin Ostroff discuss what Wang says he knows about the secret code that allowed Alameda Research to borrow billions of dollars of customer money from FTX.
A legal battle is unfolding in New York City over a law that sets a roughly $18 minimum wage for food delivery workers. Four major app-based delivery companies — DoorDash, Grubhub, Relay and Uber Eats — have sued to block the law. WSJ’s Erin Ailworth unpacks the legal arguments, and a food delivery worker explains what’s at stake for him.
With a jury selected, lawyers from the prosecution and defense make their opening statements. Rachel Humphreys and WSJ’s Caitlin Ostroff get their first clues into some of the strategies that will unfold throughout the trial.
In 2021, Philip Morris International acquired three pharmaceutical companies for more than $2 billion as part of a plan to pivot away from cigarette sales. The deals inserted the Marlboro maker into the market for inhalers and other treatments for respiratory diseases that are linked to cigarette smoking. We talked with WSJ’s Jennifer Maloney about how the company’s plan hasn’t gone so smoothly.
On the first day of trial, Sam Bankman-Fried debuts a new haircut and the judge begins the process of selecting a jury. WSJ’s Caitlin Ostroff delves into the judge who will preside over this historic trial, and the jury who will determine Bankman Fried’s fate.
Long-time rivals Ford and General Motors are battling over how a $7,500 tax credit for electric cars should be interpreted. WSJ’s Andrew Duehren explains how this bleeds into the Biden administration’s conflicting priorities of reducing American reliance on Chinese batteries while also achieving clean energy goals.
Black lung, a devastating illness caused by prolonged exposure to dust, has made a comeback in the past two decades after hitting a low in the 1990s. One in five coal miners in Central Appalachia now have the disease. WSJ’s Kris Maher and former miner James Howerton on how black lung is gripping coal country and upending miners’ lives.
In 2022, crypto markets were in turmoil, but Sam Bankman-Fried's empire seemed to weather it all. That is until one week in November, when he went from crypto's savior to its biggest villain. WSJ’s Caitlin Ostroff tracks the unprecedented collapse of Bankman Fried’s empire, and the big secret that would prove to be its downfall.
Twinkies have been around for almost a hundred years. During the course of the cake’s history, the company that makes Twinkes went into bankruptcy twice. WSJ’s Jesse Newman explains the strategic changes and snacking trends that led J.M. Smucker to announce it is buying Hostess for $4.6 billion.
TikTok had hardly any friends in the U.S. government when, earlier this year, the Biden administration and Congress threatened to ban the Chinese-owned video giant. WSJ’s Stu Woo profiles financier Jeff Yass, who made a big bet on the app and is a top donor to lawmakers opposing a ban.
JPMorgan is paying $75 Million to settle a lawsuit accusing the bank of aiding Jeffrey Epstein’s alleged sex trafficking. WSJ’s Dave Benoit delves into the twists and turns revealed during the legal proceedings and discusses what the settlement means for the bank’s reputation.
After Wagner leader Yevgeny Prigozhin was killed in a plane crash last month, he left behind a vast network of political connections, companies and mines throughout Africa. WSJ’s Benoit Faucon chronicles the rise of Wagner’s Dmitry Sytii, the current frontman of Wagner’s African operations.
Before his downfall, Sam Bankman-Fried drew comparisons to Warren Buffett, J.P. Morgan and other titans of finance. As his trial approaches, WSJ’s Caitlin Ostroff charts the meteoric rise of crypto’s golden boy, exploring how he sold customers and powerful people on his ideas, while hiding secrets under the hood of his flashy crypto empire.
Ties between Canada and India have sunk to a low. This week, Canadian Prime Minister Justin Trudeau alleged India was potentially involved in the killing of a Sikh separatist in a suburb of Vancouver, a charge India denies. WSJ’s Tripti Lahiri explains why the crisis is now ensnaring other big democracies.
Rupert Murdoch, 92, announced he's stepping down as chairman of Fox and News Corp, the two companies that have made him a force in global media. WSJ's Amol Sharma discusses how Murdoch became a media tycoon and what comes next for his empire.
Federal Reserve officials voted to hold interest rates steady at a 22-year high but signaled they were prepared to raise rates once more this year to combat inflation. WSJ's Nick Timiraos explains the Fed’s “soft landing” goal of lowering inflation without crashing the economy.
Sam Bankman-Fried built a crypto empire. Then the exchange he founded collapsed, revealing that billions of dollars of customer money was missing. Bankman-Fried was charged with fraud, and his trial begins Oct. 3. In a new series from The Journal, WSJ’s Caitlin Ostroff explores Bankman-Fried meteoric rise, devastating fall and the trail that will determine his future.
A former Wells Fargo executive was recently sentenced for her role in the bank's 2016 fake account scandal. WSJ's Ben Eisen explains why that sentencing isn't the end of this story for Wells Fargo as the bank has struggled to overhaul the way it manages risks, even seven years later.
In 2006, after years of denial, ExxonMobil publicly acknowledged climate change for the first time. But internal documents show that behind the scenes, Exxon officials pushed to diminish concerns about climate change. WSJ’s Christopher M. Matthews breaks down the new findings.
For the first time, the United Auto Workers is striking all three Detroit car companies at once, targeting factories in Michigan, Ohio and Missouri. WSJ’s Nora Eckert explains the union’s unprecedented strategy and how much bigger the walkout could get.
For years, West Virginia University, a state flagship, poured money into gleaming new research facilities and dormitories to attract new students. It had to borrow money to do so. The university now faces a huge deficit and major cuts. It's a problem facing many major public universities, as WSJ’s Melissa Korn explains.
Yesterday, Apple announced a new iPhone 15 with a USB-C charger, the same cable its competitors use. As WSJ’s Kim Mackrael and Sam Schechner explain, at least some credit for the change can go to the European Union bureaucrats who have been increasingly battling Big Tech.
Elon Musk’s wild mood swings are legendary. His “demon mode" gets a lot of attention from biographer Walter Isaacson in a new book about Musk. WSJ’s Tim Higgins talks with Isaacson about what fuels Musk’s "demon mode" and how it plays out in his business ventures.
As ESPN tries to transition to streaming and attract younger viewers, the sports-media giant is venturing outside its comfort zone with its newest star: Pat McAfee. WSJ's Isabella Simonetti explains why the F-bomb-throwing former NFL punter is a big bet for the network.
In the U.S., one in five mothers suffers from mood and anxiety disorders during pregnancy or after birth. But many of them struggle to find help. Last year, the CDC reported that the leading cause of maternal deaths in the country are suicide or drug overdose. We spoke with two mothers about their experience postpartum and to reporter Anna Mutoh about the FDA’s approval of a new drug to fight postp...
Spotify spent more than $1 billion to build up its podcasting empire. After years of costly acquisitions and celebrity partnerships, most of its shows are still not profitable. WSJ’s Anne Steele unpacks why Spotify’s big bet hasn’t paid off yet.
Airbnb listings in New York City are disappearing as the city cracks down on short-term rentals as a way to address its housing shortage. As of today, it will now enforce some of the toughest laws in the nation around short-term rentals. WSJ's Allison Pohle unpacks what's happening and why other big cities are taking note.
Senate Minority Leader Mitch McConnell’s health is raising concerns. On Wednesday, McConnell froze and fell silent during a press conference. He had a similar incident earlier this summer. WSJ’s Siobhan Hughes reports on the veteran Republican’s health scare and the speculation about who might succeed him.
This week, the U.S. government named 10 drugs that will be subject to the first ever price negotiations by Medicare. WSJ’s Jared Hopkins talks about how this major change came about and pharmaceutical companies’ efforts to stop it.
Another Chinese real estate developer could be on the brink of collapse. Country Garden, the nation’s largest property developer, announced it lost $6.7 billion in the first six months of the year. WSJ’s Rebecca Feng explains how China’s real estate market — a key part of the country’s economy — ended up on such shaky ground.
Spain’s victory in the Women’s World Cup this month was quickly overshadowed when Luis Rubiales, a top Spanish soccer official, abruptly kissed a player on the lips while on stage. As WSJ’s Rachel Bachman explains, the incident has been met with condemnation and calls for bigger changes in the sport.
San Francisco has been the testing ground for self-driving car companies Cruise and Waymo. Now the companies want to expand statewide and to other cities across the U.S. But as WSJ’s Meghan Bobrowsky reports, the companies have faced opposition from some residents in their bid to compete with Lyft and Uber.
Two months after leading a failed uprising in Russia, Wagner paramilitary group leader Yevgeny Prigozhin is dead. A plane that Prigozhin was traveling in crashed outside Moscow on Wednesday. The cause of the crash is still unknown. WSJ’s Yaroslav Trofimov reports on the demise of the mercenary boss who challenged Russian President Vladimir Putin.
“The Blind Side” is an Oscar-winning movie about a wealthy family that adopts an underprivileged kid and helps him achieve his dreams. But now that narrative is being questioned. Michael Oher, the retired NFL player whose life the movie is based on, has filed a petition with a Tennessee court that alleges he was never adopted by the Tuohy family and that they made millions off his story. WSJ’s Andr...
In 2019, Hawaiian Electric concluded that it needed to do more to prevent equipment failures that could spark wildfires. In the wake of the Maui fires, the deadliest in the United States in more than a century, WSJ’s Katherine Blunt reports on why the company completed little such work.
Since the Chips Act passed last summer, the Commerce Department has been building a small team of elite Wall Street financiers to help allocate $39 billion in taxpayer-funded subsidies to hundreds of companies. We speak to WSJ’S Yuka Hayashi about the Chips Program Office team and to Todd Fisher, the man who leads it.
As part of the U.S. nuclear tests after World War II, a total of 23 nuclear weapons were detonated on and around Bikini Atoll. Eventually, the U.S. set aside funding to help the people of Bikini and their descendants. But, as WSJ’s Dan Frosch reports, those compensation funds have been drained.
The wildfires that swept through Maui are America's deadliest in over a century, with at least 106 people killed. We speak to Javier Barberi, a local businessman who lost a house, restaurant and shaved ice shop in the fires.
Yesterday, former President Donald Trump was indicted for the fourth time. This case, in Georgia, is the most ambitious and sweeping one against him yet. WSJ’s Cameron McWhirter reports on Fulton County District Attorney Fani Willis, the prosecutor leading the case.
On Friday, a federal judge revoked FTX founder Sam Bankman-Fried’s bail. The judge said SBF had pushed the limits of his bail conditions repeatedly and will await his expected October trial in jail. WSJ's Caitlin Ostroff reports on what she witnessed in the courthouse.
Earlier this week, President Biden issued an executive order banning American firms from investing in some Chinese technology companies, citing national security concerns. WSJ's Andrew Duehren explains how the move fits into the complicated relationship between the two countries.
Jack Smith, the special counsel who brought two indictments against former President Donald Trump, has developed a reputation as an aggressive prosecutor known for trying high-stakes, politically explosive cases. But WSJ's Sadie Gurman says Smith has a mixed record on convictions.
The Pac-12, the so-called “Conference of Champions,” is melting down. Its revenue had been lagging behind the Big Ten and Southeastern Conferences, which now dominate college sports. But just as the Pac-12 was trying to revive itself and its revenue prospects, a rapid series of defections by member schools have left it hobbled. WSJ’s Laine Higgins unpacks what happened.
More than one in five young people in China are jobless. The government blames college graduates, insisting that their expectations have gotten too high. WSJ’s Brian Spegele unpacks why new grads are holding out and what it could mean for China’s economy.
After the Supreme Court struck down race-based affirmative action earlier this summer, Wesleyan University dropped its admissions preference for children of alumni. But it will still consider whether applicants can afford tuition as part of the admissions process. Wesleyan President Michael Roth on why the elite institution is making those decisions.
Yellow, a nearly century-old trucking company and a major player in the American logistics industry, hit the brakes on operations and told its workers it plans to file for bankruptcy. WSJ’s Paul Page says Yellow’s financial woes have been decades in the making.
Allbirds shot to fame with eco-friendly wool sneakers, leaning on its popularity to pursue a hyperfast growth model. But after a series of missteps, the startup that was once a cultural symbol of cool is now a standout example of a hot company that lost its way. WSJ’s Suzanne Kapner documents the rise and fall of the brand.
Former President Donald Trump will appear in court tomorrow on charges related to his efforts to reverse his 2020 election defeat, which prompted his supporters to attack the U.S. Capitol on Jan. 6, 2021. WSJ’s Sadie Gurman discusses the indictment and WSJ’s Alex Leary explains what Trump's legal challenges could mean for his campaign war chest and his presidential campaign.
Elon Musk says he’s turning X, the social-media platform formerly known as Twitter, into an “everything app,” an all in one place for messaging, entertainment and banking. WSJ’s Tim Higgins unpacks the vision and the hurdles ahead for Musk and his company.
The Justice Department announced a plea deal with Hunter Biden over two tax charges last month. But a hearing today didn't go as expected. WSJ’s Sadie Gurman on the latest twist in the legal case and what it means for President Biden ahead of next year's election.
The Federal Reserve is expected to raise interest rates again on Wednesday. The question is: Will this be enough to finally tame inflation? WSJ’s Nick Timiraos tells us about the fight between two camps of economists who are at odds about what will help – or hurt – the economy.
For two years, Texas Republican Gov. Greg Abbott has inundated the U.S.-Mexico border with thousands of state troopers and National Guardsmen and started work on a state-controlled border wall. He also built a new skeleton justice system with its own courts, judges and jails to lodge misdemeanor state trespassing charges against migrants. WSJ’s Elizabeth Findell discusses Operatio n Lone Star and w...
"Barbie," the highly anticipated movie based on the iconic doll, hits theaters this weekend. But making the movie didn't come without challenges. We spoke with the head of Mattel Films, Robbie Brenner, about the creative push and pull to make the movie, whether it can be called a "feminist film," and Mattel's plans to open up its toy chest for more movies.
When Lina Khan took over as Chair of the Federal Trade Commission, she vowed to stiffen antitrust enforcement. Two years in, her attempts to rein in big mergers through the court system have been mostly unsuccessful. We speak to Khan about her big tech losses and why the FTC is concerned about ChatGPT.
Eight months after returning as Disney’s CEO, Bob Iger is straining to put out fire after fire, including streaming losses, an activist investor and TV woes. WSJ’s Robbie Whelan explains why Disney’s troubles run deeper than Iger had expected.
Last week, a federal judge ruled that crypto company Ripple Labs did not violate securities laws by selling its token to retail investors. The ruling is seen as a setback for the Securities and Exchange Commission's strategy to regulate cryptocurrencies and as a victory for the crypto community as a whole. WSJ’s Vicky Huang explains.
Slashed tires, moved bookcases, a dead dog. For years, U.S. diplomats posted to Russia have experienced some strange things. WSJ’s Joe Parkinson and Drew Hinshaw report on the little-known spy unit, which U.S. officials believe is responsible for the surveillance and harassment of Americans in Russia, including WSJ reporter Evan Gershkovich.
For decades, telecom companies have known that lead in their networks posed risks to workers, and did little about it. Lead can cause a variety of ailments in adults, affecting the kidney, heart and reproductive systems, and it is classified as a probable human carcinogen. WSJ’s Shalini Ramachandran explains the danger of lead cables -- and what telephone companies knew.
In an 18-month investigation, The Wall Street Journal found thousands of lead covered cables across America, some leaching the toxic metal into places where people live, work and play. We travel with the team across the country to test the soil and water around these cables and speak to families living near them. WSJ’s Susan Pulliam and Shalini Ramachandran explain what these high levels of lead in...
Microsoft has cleared a big hurdle to purchase Activision Blizzard, the publisher of popular videogame franchises like “Call of Duty, “World of Warcraft” and “Candy Crush.” The Federal Trade Commission had tried to block the roughly $75 billion acquisition, but a federal judge has allowed the deal to move forward. WSJ’s Jan Wolfe explains what the ruling means for Microsoft and for the FTC.
ChatGPT is one of the most successful tech products ever launched. And crucial to that success is a group of largely unknown data workers in Kenya. By reviewing disturbing, grotesque content, often for wages of just two to three dollars an hour, they helped make the viral chatbot safe. WSJ’s Karen Hao traveled to Kenya to meet those workers and hear about what the job cost them.
Meta recently launched a new app that's a direct competitor to Twitter. It's called Threads, and Meta's Mark Zuckerberg said it has garnered 50 million sign-ups in its first five days. WSJ's Salvador Rodriguez says the new app poses the biggest threat to Twitter, fanning the flames of a long rivalry between Twitter’s Elon Musk and Meta’s Zuckerberg.
Behind the scenes of Hollywood’s most successful studio, Marvel’s Ike Perlmutter and Kevin Feige clash over budgets and creative control. Marvel lawyer John Turitzin and screenwriter Stephen McFeely share new details of a corporate civil war.
Meet Kevin Feige, the president of Marvel Studios and the man who weaves all its films into one cinematic universe. The idea proves so popular that Feige becomes the most successful producer in modern Hollywood history. Meanwhile, rival DC Comics launches its own cinematic universe, led by director Zack Snyder. But can DC’s “Justice League” match Marvel’s “The Avengers”?
Gun violence among young people is on the rise. In Denver, Colorado, one high school in particular has experienced a number of violent incidents in the past year, including two shootings in which two students died. We visited East High School to meet students, teachers and the superintendent who decided to bring armed police back to schools.
The Supreme Court has ruled that affirmative action is unconstitutional in college admissions. We talk with WSJ's Douglas Belkin about how the decision upends decades of admissions policies at the nation's most selective schools. And WSJ's Lauren Weber describes how this ruling could impact corporate America.
The Supreme Court is heading into the final stretch of its current session and there are a number of cases with major social implications yet to be decided. But as we wait for decisions on student loan forgiveness and affirmative action, another major issue is hanging over the court. WSJ’s Jess Bravin discusses ProPublica’s recent investigations into alleged ethical misconduct of Supreme Court just...
In May, Taco Bell filed a petition with the U.S. Patent and Trademark Office, claiming that ‘Taco Tuesday’ is a common phrase and that any restaurant should be able to use it. The trademark owners—Taco John’s and Gregory’s Restaurant & Bar— have both moved to fight back in court to protect their exclusive rights. WSJ’s Joseph De Avila breaks down the clash of the taco titans.
It was a weekend of chaos in Russia, as forces of the paramilitary Wagner Group marched towards Moscow in a short-lived revolt. WSJ's Yaroslav Trofimov describes what happened and explains why this is the biggest threat to President Vladimir Putin in his more than two decades in power.
Long-dormant mortgages are coming back to bite. Homeowners around the country are facing large bills and even foreclosure threats from investors who own their second mortgages, often made more than a decade ago. We talk to WSJ’s Ben Eisen and a homeowner about why these seemingly dead mortgages are now coming back to life.
North Korean hackers have stolen more than $3 billion over the past 5 years. The U.S. government says a big share of that is being funneled into the country’s nuclear missile program. WSJ’s Robert McMillan discusses how these hackers have reached the top of the crypto hacking game.
Cracks are forming in a prestigious Wall Street institution: Goldman Sachs. Most bank CEOs make big decisions with a cadre of executives. But Goldman maintains a partnership with about 420 members, many of whom like to have a say in how the firm is run. WSJ’s AnnaMaria Andriotis explains why CEO David Solomon has come under fire from partners who complain about bonuses, strategy and that DJ side gi...
As wildfires increase in severity and frequency, thousands of homes in California have been destroyed and insurance companies' earnings have taken a hit. Now, two companies, State Farm and Allstate, have announced they will no longer offer new home insurance policies in the state. We speak to one homeowner and WSJ’s Jean Eaglesham about why the situation has escalated.
George Soros, the legendary investor, philanthropist and right-wing target, is handing control of his $25 billion empire to his fourth child—Alexander Soros, a former party boy and self-described center-left thinker. WSJ’s Gregory Zuckerman on how Alex Soros plans to deploy his family’s vast fortune.
Tamara Keefe, owner of Clementine’s Naughty & Nice Creamery in St. Louis, says she moved forward with plans to open two new ice cream shops based on her bank’s assurances it would provide loans. But she says the bank moved slowly, and now she’s running out of cash. WSJ’s Ruth Simon discusses why many local banks are tightening lending standards and what that could mean for small businesses like Tam...
Jigar Shah wants to change the nation’s energy future. He runs a crucial but little-noticed piece of the Biden administration’s strategy to address climate change, the Energy Department’s Loan Programs Office. And Shah presides over its giant pot of money to lend to companies. We speak with Shah about where he thinks the private sector is falling short in funding green energy and why he thinks the ...
For decades, the only way to watch all of your local baseball team’s games was on cable television. But as millions of Americans switch to streaming services, the economics of broadcasting baseball is changing. WSJ’s Amol Sharma explains baseball’s local broadcast deals and how one company’s bankruptcy is disrupting the model.
Federal prosecutors are accusing Donald Trump of holding on to sensitive military secrets he knew he shouldn’t have retained access to, sharing them, and directing his staff to help him evade authorities’ efforts to get them back. According to the indictment which was unsealed today, the classified documents in Trump’s possession included information about defense and weapons capabilities, nuclear ...
Once a titan in the tech industry, Intel is now trying to climb out of what its CEO describes as a “mud hole.” Rivals from Taiwan and South Korea have overtaken the semiconductor company in advanced chip making, and would-be Intel customers have backed away from projects. WSJ’s Asa Fitch unpacks the stakes of Intel’s comeback plan.
Artem Uss is a Kremlin-linked businessman accused of illegally exporting American military technology to Russia. Last October he was arrested in Italy at the U.S.’s request. Then he vanished. WSJ’s Margherita Stancati explains how he escaped.
Only seven American companies have ever been worth a trillion dollars. Some came from garages. Others were started in college dorm rooms. Nvidia was born in a Denny's. WSJ's Asa Fitch on how the explosion of AI helped the chip maker become one of the most valuable companies in the world.
For years, Disney and Comcast have been locked in a battle over Hulu. Now, the streamer’s co-owners are trying to bring an end to their uneasy marriage. WSJ’s Jessica Toonkel unpacks the years of wrangling and the looming deal that could leave Disney with full ownership of Hulu.
Over the past four years, Jay Gajavelli built a real-estate empire using funds from small investors who wanted to make passive income. Last year, Gajavelli’s company owned more than 7,000 apartments in the Houston area. Now he’s at the center of one of the biggest commercial real-estate blowups in years. WSJ’s Will Parker details what happened and what it says about the housing market going forward...
When Kellie Castillo needed a place to live, she ended up at Wood Street, one of the largest homeless encampments in California. State authorities have spent the past several months shutting Wood Street down, leaving people like Kellie to figure out what’s next. WSJ’s Christine Mai-Duc describes what’s behind the state’s decision and what it means for the unhoused in California.
In an interview at WSJ's CEO Council Summit with editor Thorold Barker, Elon Musk talked about whether he regrets buying Twitter, who might eventually take the helm of the three companies he runs and how AI will change our future.
The federal government uses debt to pay about a quarter of its bills and the federal borrowing limit is maxed out. WSJ’s Andrew Duehren explains the June 1st X-date (when the U.S. runs out of funds) and some catastrophic potential outcomes if Congress doesn’t raise or suspend the federal borrowing limit.
The IRS will begin a pilot program next year to help some taxpayers fill out and file their income tax returns for free online. WSJ’s Richard Rubin on the government’s first steps towards building a competitor to TurboTax and H&R Block.
Starting in July, Connecticut will put $3200 into a trust account for each baby born to parents below a designated income level. As adults, the beneficiaries can use the money—plus investment returns—to help pay for education or a home. WSJ’s Brenda León discusses Baby Bonds and why they are gaining traction in other states too.
After Cash App founder Bob Lee died in a stabbing, some were quick to blame San Francisco’s rising crime rates. But prosecutors say Lee knew his alleged killer. WSJ’s Kirsten Grind reports on an underground world of sex and drugs that was the backdrop to the killing that shocked the tech community.
Linda Yaccarino established herself as an advertising sales machine at NBCUniversal. On Friday, Elon Musk announced she’d be Twitter’s new CEO. WSJ’s Amol Sharma discusses some of the challenges Yaccarino will face at the revenue- starved social media platform.
The blockbuster Western drama about a ranching dynasty in Montana is one of the most popular shows on TV. But it’s also one of the most expensive. WSJ’s Erich Schwartzel explains how the man behind it — Taylor Sheridan — became one of the priciest bets in Hollywood.
Rep. George Santos has been accused of fabricating much of his life’s story to secure public office. On Wednesday he was indicted on 13 federal charges including fraud and money laundering. The New York Republican denies the charges and has pleaded not guilty. WSJ’s Jimmy Vielkind explains what the charges will mean for him.
With tensions between the U.S. and China on the rise, the Chinese government has been investigating several consulting firms that help foreign companies do business in China. WSJ’s Dan Strumpf discusses the impact on the consulting sector and the foreign businesses that depend on it.
On Thursday, the pandemic-era border policy known as Title 42 is expected to end. First put in place by the Trump administration, Title 42 allows migrants to be quickly deported at the southern border without a chance to ask for asylum. Now, President Biden is planning to roll out a new immigration policy to take its place. But as WSJ’s Michelle Hackman explains, this new policy is not so different...
Last month, Dylan Mulvaney, a transgender influencer, posted on social media about a personalized can of Bud Light the brewer sent her as a gift. A boycott ensued. WSJ’s Jennifer Maloney unpacks what the maker of Bud Light is doing to stem a sharp drop in sales and to support front-line teams bearing the brunt of the backlash.
For months, people with ADHD have been struggling to fill their prescriptions. Federal regulators say the shortage is fueled in part by increasing demand driven by telehealth startups and their aggressive marketing. WSJ’s Rolfe Winkler, who has been investigating two of those companies, explains what an impending rule change could mean for the shortage.
Thousands of Hollywood writers went on strike this week after failing to reach a new contract with studios. The dispute was caused, in part, by the industry’s shift to streaming, which writers say has left them shortchanged. Michael Schur is co-creator of “Parks and Recreation” and was a writer for “The Office” and “Saturday Night Live.” He tells us what’s behind the first writers strike in over 15...
For years, big food and beverage companies like PepsiCo leaned hard into launching new, healthy food products. But recently, PepsiCo has decided to double down on its flagship chips and soda and is looking to make those products healthier. WSJ's Jennifer Maloney explains what it means for both the company and public health.
JPMorgan Chase CEO Jamie Dimon stepped in on Monday to acquire the failing First Republic Bank after it was seized by government regulators. While the deal will put an end to the recent series of bank failures, it also makes the banking industry's leader even more powerful. WSJ's Charles Forelle explains how Dimon's bid came together.
Yevgeny Nuzhin was serving time for murder in a high-security Russian prison when the Wagner Group— a paramilitary organization employed by Russia to wage war on Ukraine— offered him freedom in exchange for six months of paid military service fighting for Russia in Ukraine. WSJ’s James Marson details how Nuzhin’s bid for freedom went gruesomely wrong.
This week, Disney sued Florida Governor Ron DeSantis accusing him of retaliating against the company, in part for speaking out against the state’s so-called “don’t say gay” law. It’s the latest twist in the fight between the two. WSJ’s Arian Campo-Flores explains what it means for both sides.
On Monday, Fox News ousted its top host, Tucker Carlson, less than a week after it settled a defamation lawsuit, which brought reams of internal communications to light. WSJ's Keach Hagey has exclusive reporting about the major factors that contributed to the network making that decision.
Once the envy of the banking world, First Republic grew rapidly by catering to wealthy clients who wanted a high-touch service. But the bank’s highflying business came back to earth after the Federal Reserve began raising interest rates last year and customers started moving their money. WSJ’s Rachel Louise Ensign on why First Republic is now teetering on the brink.
The U.S. only has a few months until it can no longer pay its bills. Republicans say they’ll only raise the debt ceiling if Democrats agree to aggressive spending cuts. WSJ’s Natalie Andrews explains the Republican's proposal and what’s at stake for the economy.
Bernard Arnault is the richest person in the world and he has spent decades preparing his five children to run his luxury-brand empire, LVMH. WSJ’s Nick Kostov learned Arnault drilled his kids in mathematics, brought them along on business trips, inside negotiations and has elevated them into senior roles. But the question remains: who will succeed Arnault at the helm of the world’s biggest luxury ...
To address a nursing shortage, some of the nation’s largest hospital systems have started to use apps similar to those used for ride-hailing. WSJ’s Melanie Evans explains the pros and cons of the gig work model for nurses and hospitals.
Jimmy Zhong appeared to have pulled off the perfect crime. In December 2012, he stumbled upon a software bug that allowed him to steal 50,000 bitcoins from a site on the dark web called the Silk Road. WSJ’s Robert McMillan explains how Zhong’s stolen crypto stayed hidden until investigators developed better ways to track down crypto criminals.
It has been three weeks since Wall Street Journal reporter Evan Gershkovich was detained in Russia on an allegation of espionage that the Journal and the U.S. government vehemently deny. Yesterday, Evan appeared at a pretrial hearing in Moscow. WSJ's Ann M. Simmons explains what happened at court and what comes next.
In 2017 the FDIC created a pool of banking veterans who would step up to help in the event of another financial crisis. For years, no one needed them. That changed last month when Tim Mayopoulos and Greg Carmichael were called in to run Silicon Valley Bank and Signature Bank while the FDI tried to stabilize a banking crisis.
Dominion Voting Systems, which makes ballot machines, sued Fox News for $1.6 billion, claiming the cable network aired defamatory claims about its role in the 2020 election. Fox News denies wrongdoing. WSJ’s Erin Mulvaney explains what’s at stake as the highly anticipated trial is set to begin this week.
After 35 years, Broadway's longest-running show is taking a bow. The Phantom of the Opera has sold more than 20 million tickets and grossed around $1.3 billion. MarketWatch’s Charles Passy explains what made it one of Broadway’s biggest hits.
Federal investigators have arrested a 21-year-old Air National Guardsman in connection with the alleged leak of classified U.S. intelligence documents. WSJ’s Sadie Gurman discusses what we know about the documents, the arrest, and what could be next.
When JPMorgan Chase paid $175 million to acquire Frank— a college financial planning startup— it touted big plans to connect with the company’s millions of users. Then it all went wrong. WSJ’s Melissa Korn recounts the story of what went wrong.
For decades, Johnson & Johnson has faced thousands of lawsuits from customers who claim the company's baby powder gave them cancer. The company denies responsibility. WSJ's Andrew Scurria explains how Johnson & Johnson is resorting to a controversial legal maneuver to try to settle the lawsuits.
Rulings from two federal judges, one in Texas and one in Washington, paint a murky picture of the future of the abortion pill mifepristone. WSJ’s Laura Kusisto unpacks the legal battles with the Food and Drug Administration over the medication.
Google has been developing large language models like chatbots for years, but it hasn’t used the technology to influence the way people use their all search function. That’s something that could be changing. WSJ’s Miles Kruppa sat down for an interview with Google CEO Sundar Pichai to talk about the way new AI could have a big impact of Google’s business.
Deforestation for palm oil production has shrunk Indonesia's rainforest, the third largest in the world and one of the most ecologically diverse places on the planet. But recently, the country has found a way to tame deforestation. WSJ's Jon Emont explains how government orders, consumer boycotts and environmental activism have helped slow the destruction of Indonesia's rainforest.
Jack Ma, the billionaire co-founder of Alibaba, all but disappeared from the public eye following a brush with Chinese regulators in 2020. But last week, Ma returned to China just as Alibaba announced plans to split into six independently run companies. WSJ’s Jing Yang explains what it all means.
Former President Donald Trump has become the first U.S. president to face criminal charges. He pleaded not guilty to 34 felony charges alleging he concealed hush-money payments in the weeks before the 2016 election. WSJ's Joe Palazzolo— one of the reporters who first broke the story about the payments— unpacks the indictment and discusses what could come next in the case.
Wall Street Journal reporter Evan Gershkovich was arrested in Russia last week and charged with espionage. The WSJ and U.S. officials deny the accusations. We spoke to our colleagues Joe Parkinson and Drew Hinshaw about working with Gershkovich, his reporting on Russia, and what's next.
While TikTok is getting a lot of scrutiny in Washington, other Chinese apps are on the rise. Four of the five hottest apps in the U.S. in March are tied to Chinese companies. But as WSJ’s Shen Lu explains, some apps are now trying to distance themselves from their Chinese origins.
Nearly 12 million women left their jobs due to pandemic disruptions. Many are finally coming back, three years on. WSJ's Lauren Weber explains how the pandemic has transformed what work looks like for many women, especially for mothers.
Tech CEO Luke Iseman has an idea he wants to sell the world: A business plan to cool the Earth by dimming the amount of sunlight that hits the planet. As WSJ’s Eric Niiler explains, the principle behind the idea, geoengineering, is getting big investment but is also sparking serious scientific debate.
In November, Yale Law School pulled out of the U.S. News & World Report law-school rankings, saying the system was flawed. A wave of law, medical and undergraduate schools quickly followed. WSJ’s Melissa Korn reports on how the revolt was decades in the making.
After his TerraUSD cryptocurrency imploded, Do Kwon became one of the most wanted men in crypto. Last week, after a global manhunt, he was arrested at an airport in Montenegro. WSJ’s Alexander Osipovich tells the story of how Kwon went from being a major crypto player to facing fraud charges in several countries.
For decades, the Robusta coffee bean has been the ugly duckling of the coffee world. Now, a new generation of coffee geeks think the time could be ripe for a Robusta revolution. WSJ’s Jon Emont explains why the humble bean is gaining momentum in the coffee industry.
Over the past year the Federal Reserve has been steadily raising interest rates to try to bring down inflation. But the recent banking crisis has thrown a wrench into its plans. WSJ’s Nick Timiraos explains how the Fed is now trying to fight two problems at once.
Former Chinese real-estate developer and outspoken China critic Guo Wengui was arrested by the FBI last week and accused of orchestrating a $1 billion fraud. WSJ’s Aruna Viswanatha unpacks Guo’s trek from Beijing gadfly to Steve Bannon confidant to fraud suspect.
While campaigning for president, Joe Biden said there would be no new oil drilling on federal land. But last week he approved the Willow project, one of the largest domestic oil projects in years. WSJ’s Andrew Restuccia explains why Biden made the shift.
TikTok CEO Shou Zi Chew is due to testify before Congress this week, as the Biden administration demands that TikTok’s Chinese owners sell their stakes in the company or face a possible U.S. ban of the app. In this exclusive interview with WSJ’s Stu Woo, the TikTok CEO said a sale won’t solve Washington’s security concerns.
Google has been a pioneer in the modern era of artificial intelligence, but lately, it’s fallen behind. WSJ’s Miles Kruppa explains why the tech giant took a more cautious approach to chatbots and what’s at stake now that Microsoft has beaten them to market.
As fears about the health of global banks spread from the U.S. to Europe, the bank Credit Suisse said it would tap a more than $50 billion loan from the Swiss National Bank. WSJ’s Margot Patrick explains how Credit Suisse became a cause for concern.
Since February of last year, the avian flu has led to the deaths of tens of millions of farm-raised birds in the U.S., the deadliest outbreak on record. WSJ’s Patrick Thomas on how the egg industry is getting slammed and what companies are doing to try to save their flocks.
WeightWatchers is buying digital health company Sequence to capitalize on the hot market for diabetes and weight loss drugs including Ozempic and Wegovy. WSJ's Andrea Petersen explains what this could mean for the wellness industry.
When Silicon Valley Bank imploded last week, it was the second biggest bank failure in U.S. history. Then, over the weekend, another bank, Signature Bank, was also taken over by the government. WSJ financial editor Charles Forelle explains what kicked off this banking crisis and how the government is scrambling to contain it.
For years, fentanyl has flooded into the American drug market, driving a surge in overdose deaths across the country. Other drugs, like cocaine, are increasingly tainted with the synthetic opioid. We spoke to advocates Theo Krzywicki and Kalie Shorr who say a tiny test strip can help people avoid fentanyl, and WSJ's Julie Wernau explains why fentanyl is showing up everywhere.
Federal Reserve Chair Jerome Powell told Congress this week that interest rates could go up faster and higher than previously planned. WSJ’s Nick Timiraos explains what’s behind the Fed’s change of strategy, and why it’s struggling to tame inflation.
A new law in Tennessee makes staging adult cabaret anywhere a minor could see it a criminal offense. WSJ’s Laura Kusisto and Steve Raimo, who performs as drag queen Veronika Electronika, on what it could mean for the drag industry.
AI-art generators let users create fantastical images with just a few text prompts. But some artists see a problem: They say AI is ripping them off. Artist Greg Rutkowski and WSJ tech columnist Christopher Mims explain what's at stake for the art world.
Three executives who formed Sam Bankman-Fried’s inner circle have now pleaded guilty to fraud charges and agreed to cooperate with prosecutors. WSJ’s Alexander Osipovich on what their plea deals could spell for the FTX founder.
President Biden’s plans to cancel $400 million in student loans are on hold. On Tuesday, the Supreme Court heard arguments on whether the administration had the legal authority to cancel the debt. WSJ’s Andrew Restuccia discusses the arguments for and against the program, and he explains what the decision could mean for borrowers.
The Commerce Department is spelling out its plans to subsidize domestic chip production in order to secure the supply of advanced chips needed for America's modern weapons systems. WSJ’s Yuka Hayashi explains the national security interests in play.
Earlier this month, a Norfolk Southern train carrying toxic chemicals derailed in Ohio. Concerned about an explosion, authorities evacuated residents and carried out a controlled burn of toxic fumes. Now a report has found the cause of the derailment, but residents say they still have unanswered questions about the environmental impacts. WSJ's Kris Maher reports from East Palestine and Esther Fung ...
Almost 30 years ago, Anthony Ayers spotted a dusty, wood-panel painting tucked behind an armoire in an antique shop. Over the decades, he and the group of people that helped him buy it have been on a quest to prove it was painted by Renaissance artist Raphael. WSJ’s Kelly Crow reports on a possible break in the case and the technology that brought it about.
After new deadly earthquakes hit Turkey and Syria this week, the death toll this month has surpassed 45,000. WSJ’s Sune Engel Rasmussen tells the story of a youth volleyball team that traveled to Turkey earlier this month and how the country’s spotty building codes may have played a role in their tragic fate.
CVS’s plan to buy Oak Street Health, a network of senior-focused clinics, is the latest sign of the growing tie-ups between health insurers and primary-care doctors. WSJ’s Anna Wilde Matthews unpacks why the deal is happening and how it’s cementing CVS’s status as a healthcare giant.
How much are you willing to pay for love? Dating apps are asking users to pay more for features and access to matches as a way to counter slowing growth. WSJ's Heard on the Street columnist Laura Forman talks about the pressure on Match Group, the company behind some of the most popular dating apps.
In just over a week, the U.S. has shot down four flying objects — one from China and three others of unknown origins. WSJ’s James T. Areddy on balloons, unidentified flying objects and the deterioration of relations between the two countries.
Days after Russia invaded Ukraine, a corpse turned up on a sidewalk in the center of Kyiv. The dead man, a 45-year-old banker named Denys Kiryeyev, was accused of being a traitor and a Russian spy. But as WSJ’s Brett Forrest reports, his work and allegiances were more complicated than they seemed.
For more than a decade, the British government has run its National Health Service, the world’s largest government-run healthcare system, on a tight budget. Now, hospitals are so full they are turning patients away, and thousands of paramedics and nurses have walked out over pay. WSJ’s Max Colchester explains how budget cuts, Covid delays and an aging population are stressing the system.
Consumer spending accounts for roughly 70% of the economy. So when it slows, the U.S. economy risks a recession. Right now, U.S. consumers are spending less on groceries, travel and dining, breaking into their savings accounts, and putting more on their credit cards. To understand why consumers are pulling back, we sat down with one.
Gautam Adani is ubiquitous in India. His energy and infrastructure conglomerate, the Adani Group, touches the lives of millions of Indians on a daily basis. But last month, Hindenburg Research, a U.S. short seller, alleged that the company was engaged in wide-ranging fraud. WSJ’s Shan Li explains a fallout that has cost Adani billions.
Cao Zhixin and her friends went to a rally to honor people who died in a fire. Several weeks later, they were detained by Chinese authorities and now face years in prison. WSJ's Shen Lu explains why Beijing is cracking down on a new kind of protester.
Russia’s invasion forces have tightened the noose around Bakhmut in eastern Ukraine with help from a paramilitary outfit called the Wagner Group. Heading the group is one of Russian President Vladimir Putin’s close confidants -- Yevgeny Prigozhin. WSJ’s Benoit Faucon explains why the Wagner Group has been drawing condemnation for its deployments in several global hotspots.
Ukrainian President Volodymyr Zelensky was originally elected on an anti-corruption platform. Over the last two weeks, he has removed nearly a dozen top officials. WSJ’s James Marson explains why Zelensky is trying to shore up Western confidence in his administration at a crucial moment in the war.
North of the Arctic Circle, a Swedish mining company says it has located a coveted resource: Europe’s biggest cache of rare-earth minerals, elements used for making electronics and green technology. The deposit could be a blessing for the West, but WSJ’s Kim Mackrael explains that for Sweden’s indigenous Sami people, it also puts hundreds of years of tradition in peril.
South Africa’s state-owned power company, Eskom, is struggling to keep the lights on in the country and is now looking for a new leader after its current CEO was poisoned. WSJ’s Alexandra Wexler on the difficult job of running Eskom.
The Department of Justice is seeking to break up part of Google’s digital advertising business. In a lawsuit filed Tuesday, the government says the tech giant has taken actions that ‘severely weaken, if not destroy competition in the ad tech industry.’ Google says the lawsuit is an attempt to pick winners and losers. WSJ’s Miles Kruppa discusses the DOJ’s case and the moves Google made to become a ...
On Friday, FBI investigators found more classified documents at President Joe Biden’s Delaware home. This is the latest in a series of searches that turned up classified material at a number of Biden's offices and homes. WSJ’s Annie Linskey discusses the search, and what it could mean for Biden’s presidency.
A month after China scrapped most of its zero-Covid restrictions, Omicron has spread rapidly. WSJ’s Brian Spegele explains that while some people are able to resume life as normal, infections have skyrocketed and medical facilities are stretched to their limits.
After the collapse of FTX, WSJ Reporter Eliot Brown wanted to find out where all the money went. He was surprised to discover that the biggest investment had been in a bitcoin mining company based in Kazakhstan.
Microsoft CEO Satya Nadella speaks with WSJ Editor in Chief Matt Murray at the World Economic Forum in Davos, Switzerland, about the company’s artificial-intelligence ambitions and how tools like OpenAI’s ChatGPT could revolutionize the way we work.
When a new Miss Universe is crowned this Saturday, she will be the first winner under new pageant owner Anne Jakrajutatip, a Thai businesswoman and transgender advocate. We talk to Jakrajutatip about her views on beauty and how she wants to transform the pageant.
Wednesday or Friday? In-person or via Zoom? As dozens of companies undergo layoffs, human resource executives are grappling with a lot of questions about how to let employees go and avoid public blowback. WSJ’s Chip Cutter walks us through the do’s and don’ts of layoffs.
Brazil is reeling after supporters of former right-wing president Jair Bolsonaro forced their way into several government buildings on Sunday. Many protesters called for military intervention to oust the newly-inaugurated leftist president, Luiz Inácio Lula da Silva. WSJ’s Luciana Magalhaes explains how the protests could undermine da Silva’s agenda.
Silvergate went from a small real-estate bank to the bank of choice for the crypto world’s big players. Then it experienced a historic bank run. WSJ’s David Benoit explains why customers pulled their money from crypto’s top bank.
For days, the House of Representatives has been at a standstill. A group of conservative lawmakers continues to block Rep. Kevin McCarthy's path to become Speaker of the House. WSJ’s Natalie Andrews explains why some Republicans opposed McCarthy, and what it could take for them to be swayed.
Severe winter weather impacted a lot of airlines this holiday season. But only one canceled more than 70% of its flights: Southwest. WSJ’s Alison Sider explains how the airline found itself at the center of one of the worst travel breakdowns in years.
Last year, inflation hit a 40-year high, dealing a big blow to many consumers. On the other hand, unemployment was low and many workers saw wage gains. WSJ reporters Gwynn Guilford and Rachel Wolfe unpack the confusing currents in the 2022 economy and what to expect this year.
Two years after launching, Cerebral had become a star in the telemedicine business space. The company had attracted tens of thousands of patients and was valued at close to $5 billion. CEO Kyle Robertson had big plans for the startup, but this spring, those plans started to crumble. WSJ’s Rolfe Winker and Khadeeja Safdar started reporting on Cerebral. Their reporting would lead to federal investiga...
Anthony Kroll was 17 years old. Too young to have been a Cerebral patient, according to company policy. Too young to get mental-health treatment without his parents’ consent in his home state of Missouri. So how did a minor end up getting a prescription for an antidepressant that required an explicit warning for young adults? What was Cerebral treating him for? And why weren’t Anthony’s parents inf...
When Illinois legalized recreational marijuana, the state wanted to create a more diverse cannabis industry. But three years on, only a handful of Black and minority entrepreneurs have been able to open businesses. WSJ reporter Vipal Monga explains why and we hear from one entrepreneur who is hoping to open his dispensary in Chicago after years of setbacks.
When Bob Iger stepped down as CEO of the Walt Disney Company, he continued to wield influence as executive chairman. His successor in the corner office, Bob Chapek, begrudged Iger’s active role. WSJ’s Joe Flint explains how tensions mounted between the two men and led to a corporate coup that shook Hollywood.
After some early struggles, Cerebral hit on a lucrative new avenue for growth: prescribing controlled substances. WSJ’s Rolfe Winkler investigates how one tightly regulated medicine – Adderall – became crucial to Cerebral’s business. Some former employees take us inside the move into controlled substances and describe feeling pressured by the company to prescribe regulated medications. Cerebral den...
For more than 20 years, Apple has relied on China to produce a majority of its products, especially its iPhones. But there have also been issues. As WSJ’s Aaron Tilley reports, recent turmoil at Chinese manufacturing facilities is disrupting Apple’s business and forcing the company to look elsewhere.
About a month after his crypto exchange firm FTX collapsed, Sam Bankman-Fried has been arrested. Federal prosecutors have charged the self-appointed crypto savior with eight counts of fraud and conspiracy, and two regulatory agencies are suing him. WSJ’s Alexander Osipovich unpacks the charges.
For the last two months, Russian airstrikes on Ukraine’s power grid have caused prolonged blackouts across the country. Now, millions of people are living without reliable electricity, water and heat. WSJ’s Ian Lovett and a cafe owner in Kyiv on life without power.
Cerebral is a tech startup that set out to provide access to mental-health services and wound up under federal investigation. WSJ's Rolfe Winkler and Khadeeja Safdar take us back to the origins of the company, exploring the ideas that laid the foundation for explosive growth.
Elon Musk’s Boring Company hasn’t done much to alleviate “soul-destroying traffic” despite its initial promises to several cities. We talk with WSJ’s Ted Mann about what's behind Boring's poor track record and with a transportation official in California about what Musk promised her county.
In September, 22-year-old Mahsa Amini died in the custody of the morality police, who arrested her for allegedly violating Iran’s dress code. Afterwards, protests erupted across the country. WSJ’s Sune Rasmussen explains how the death of one woman has led to calls to overthrow the government.
Sam Bankman-Fried is the founder and ex-CEO of FTX, the crypto exchange that recently filed for bankruptcy. WSJ reporter Alexander Osipovich sat down with him to talk about what happened and how $8 billion of customer money went missing.
Cerebral was a buzzy Silicon Valley startup that set out to transform mental-health services in the U.S. In just a couple of years, the company attracted thousands of patients, raised hundreds of millions of dollars and partnered with star Olympic gymnast Simone Biles. But some people who worked at Cerebral say that, along the way, the company's focus on growth interfered with patient care. And now...
Major freight railroads and unions have been locked in a labor dispute for years. But last Friday, President Biden signed a bill passed by Congress forcing a deal onto both parties. We talk to WSJ’s Esther Fung about why a rail strike would have been devastating, and a railroad signalman lays out what the deal means for him.
Former Chinese president Jiang Zemin died this week at 96. As WSJ’s Charles Hutzler explains, Jiang was known for policies that guided China towards a market-oriented economy, but also for being uncompromising on challenges to the Communist Party.
Beyond Meat, the maker of plant-based meat alternatives, has been a darling of the food startup world. In 2019, it had one of the most successful initial public offerings by a major company in more than two decades. But now sales are down, its stock is slumping and its workforce is shrinking, WSJ's Jesse Newman unpacks Beyond's problems.
After years of strict Covid restrictions, people are taking to the streets in cities across China. But they’re not just protesting zero-Covid, they’re voicing displeasure with Xi Jinping himself. WSJ’s Brian Spegele gives us an inside view of the protests rocking China.
Inflation is driving American consumers to pinch pennies, and Walmart is taking note. The retailing giant says its customers are increasingly price-conscious. WSJ's Sarah Nassauer says to keep prices low, Walmart is flexing its muscles with suppliers.
One of the biggest sports events of the year began yesterday in Qatar, but there have been a lot of bumps along the way. From the abuse of stadium construction workers to a ban on beer – WSJ's Joshua Robinson on the controversies surrounding Qatar’s World Cup.
Millions of Taylor Swift fans tried unsuccessfully to buy advance tickets for her Eras Tour, Swift’s first in five years. And after overwhelming demand throttled Ticketmaster’s website, a public sale of tickets has been called off. WSJ's Anne Steele explains what happened and why Ticketmaster is getting heat.
For decades, investing in a mix of stocks and bonds was one of the safest ways to save for retirement. But this year, that strategy has stopped working. WSJ’s Akane Otani breaks down the unique market conditions of today’s economy that are causing so much pain for retirees.
Until last week, FTX founder Sam Bankman-Fried was the face of crypto. Admirers saw him as an approachable, friendly billionaire eager to deploy his wealth for good. Then his crypto empire imploded, leaving hundreds of thousands of investors’ assets in doubt. WSJ’s Greg Zuckerman profiles the man behind FTX.
Zadeh Kicks, founded by Michael Malekzadeh, was once the hottest sneaker reseller on the market. It offered some coveted, limited edition shoes for cheap – a dream for sneakerheads who wanted to flip them for more money. But now Zadeh Kicks has dissolved. WSJ's Inti Pacheco explains how sneaker giant Malekzadeh came undone.
Bad Bets is WSJ’s podcast series that unravels big-business dramas that have had a big impact on our world. In season two, reporter Ben Foldy delves into the story of Nikola founder Trevor Milton, who promised a future of zero-emission trucks that could revolutionize the industry. At its peak, Nikola’s publicly traded stock was worth more than Ford Motor Co.’s—until a ragtag group of whistleblowers...
Once a leader in the world of cryptocurrency, Sam Bankman-Fried’s crypto exchange FTX is scrambling for funds. It’s now facing a shortfall of $8 billion after Binance walked away from a rescue attempt. WSJ’s Caitlin Ostroff on what this means for the crypto ecosystem.
Republicans were expecting to come away with sizable wins in the midterm elections on Tuesday. But as the results come in, it's clear that those hopes have been dashed. WSJ's Siobhan Hughes explains where the election stands — and what it means for the GOP.
A year ago, at the United Nations Climate Change Conference in Glasgow, the biggest players in the financial world joined together to incorporate carbon emissions into their most fundamental decisions. As the summit reconvenes in Egypt, the group is on the rocks. WSJ’s David Benoit explains why.
Elon Musk is now in charge of Twitter, and his shake-up of the company is making advertisers nervous. All kinds of brands have started pausing their ad spending. WSJ’s Suzanne Vranica explains what Musk is doing to rein in the losses.
In only five years, TikTok has gained millions of fans around the world and become a source of geopolitical tension between the U.S. and China. We spoke to people who witnessed the app’s meteoric rise firsthand: influencers, former workers, and a government official who is concerned about TikTok’s data practices.
Companies trying to hire in New York City had to revamp their job postings this week. A new law requires salary ranges on all job postings, the latest in a wave around the U.S. WSJ's Chip Cutter and Ben Cohen explain how the law can affect the power dynamics between workers and employers and how companies might try to find workarounds.
A texting scam that originated in China is on the rise in the United States. It’s more sophisticated than scams of the past and it has already cost American victims more than $400 million in total. WSJ’s Robert McMillan explains how pig-butchering works and one victim shares how it’s impacted her.
About a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc., internal documents show the company's transition to the metaverse is not going smoothly. WSJ’s Salvador Rodriguez explains how glitchy technology and declining monthly users are complicating Meta’s big metaverse push.
For months the Federal Reserve has been raising interest rates at a fast and furious pace to combat inflation. Now some Fed officials are advocating for a slower, steadier approach. WSJ’s Nick Timiraos explains the debate within the Fed over just how high interest rates should go.
Minions, the yellow, pill-shaped sidekicks that debuted in the 2010 animated film “Despicable Me," have emerged as one of the best-known franchises in recent Hollywood history. WSJ’s Erich Schwartzel explains the mix of luck and strategy that made the Minions so successful.
An unofficial oil-for-security pact between the U.S. and Saudi Arabia has survived 15 presidents and seven kings, but is now fracturing under two leaders who don’t like each other. WSJ’s Stephen Kalin explains why the U.S. and Saudi Arabia’s relationship has hit a new low.
Pickleball is a big dill. It’s also the fastest-growing sport in America. Meanwhile, superstar investors like Tom Brady and LeBron James are pouring cash into pro pickleball. WSJ’s Sara Bosworth explains the rise of the paddle sport and why investors are flocking to it.
No longer just for celebrities, Botox's multi-billion dollar success has helped kickstart a new industry of medical cosmetic procedures. But now, a competitor is on the horizon. WSJ's Rory Satran and Jared Hopkins on the new anti-wrinkle shot that's trying to take on Botox.
Stronger hurricanes, higher insurance premiums and stricter building codes are changing who can afford life on the coast. After Hurricane Ian, WSJ's Arian Campo-Flores headed to southwestern Florida to see how the state's coastal communities are faring and transforming.
The CEOs of the nation’s largest banks, JPMorgan Chase and Bank of America, are sending different messages about the economy. One is more optimistic, the other more pessimistic. WSJ’s Ben Eisen explains what’s driving their differences.
Southern Florida is awash with empty luxury properties. For one Miami couple and their accomplices, that looked like prime hunting ground for nearly $10 million in mortgage fraud. Their targets? Venezuela’s sanctioned elite. As WSJ’s Konrad Putzier reports, it was fun while it lasted.
A new banking startup, GloriFi, was created to counter a perception among some conservatives that mainstream banks are too liberal. But despite major investment and celebrity backing, GloriFi now finds itself in disarray and on the verge of bankruptcy. WSJ’s Rachel Ensign breaks down the latest.
As China’s top leaders gather for the 20th Communist Party congress, all eyes are on China’s economy. A decade ago, President Xi Jinping set out his “China Dream" and promised it would boost the economy. But as WSJ’s Lingling Wei explains, Xi’s state-centered approach isn’t delivering on that vision.
Second Life never went mainstream. But just because the platform wasn’t for everyone doesn’t mean it wasn’t for anyone. In part 4 of our series, we talk to longtime Second Life users about the lives they’ve built in the metaverse and what virtual worlds have to offer.
Hidden records show that thousands of senior executive branch employees owned stocks in companies whose fates were affected by their employers’ actions. WSJ’s Brody Mullins and Rebecca Ballhaus take us inside the nearly year-long Wall Street Journal investigation.
In the last few years, streaming has overtaken cable as the go-to means of watching TV. But as more streaming platforms flood the market, the industry’s major players are finding it harder to grow. WSJ’s Jessica Toonkel says companies are finding new solutions in the old cable bundle playbook.
The war in Ukraine has taken a heavy toll on the country and rebuilding will be expensive, estimated in the tens of billions. WSJ's Matt Wirz tells the story of one Ukrainian official's unconventional plan to win over Wall Street and help keep his country afloat.
Inflation is the worst it’s been in more than 40 years. But one bright spot for consumers might be found at the grocery store: rotisserie chickens. WSJ’s Annie Gasparro chronicles the history of America’s love for the quick and versatile meal, and what a "rotisserie chicken economic index" might say about this inflationary moment.
By 2007, Second Life seemed on track for a commercial breakthrough. And then, an opportunity came along to get in front of a truly mainstream audience: a starring role on one of TV’s biggest shows. In part 3 of our series: Second Life’s ascension to prime time, and the hurdles that threw its success into question.
Facing an impending deposition, a trial date and the potential release of more private text messages, billionaire Elon Musk said he wants to proceed with his purchase of Twitter at the original $44-billion offer. But will he be able to avert the Oct. 17th trial? WSJ’s Cara Lombardo on the topsy-turvy deal.
As Russian President Vladimir Putin's war against Ukraine sputters, he's escalating tensions. WSJ's Matthew Dalton explains how Putin's ramping up the stakes both in the ground war in Ukraine and in his economic war with the West.
MoviePass took off like a rocket when it unveiled a $9.95 monthly service in 2017 that allowed customers to see a movie a day in theaters. But its crash was just as spectacular as its rise. Now, the service is coming back under new management. Mitch Lowe, the former CEO, talks about what went wrong.
When Second Life officially launched in 2003, it had one guiding principle for all new users: Be Nice. But those users showed up with their own ideas about how to behave in a virtual world. In Part 2 of How to Build a Metaverse, Linden Lab — the company that created Second Life — wrestles with how to govern its new world.
Ahead of the midterm elections, Republicans are working to rally support among Latinos. Once a solidly Democratic bloc, Latinos are becoming a swing group, as recent contests have shown in states like Nevada. We head to East Las Vegas to speak with voters and politicos about the shifting dynamics.
The chess world has been gripped by drama after world champion Magnus Carlsen accused newcomer Hans Moke Niemann of cheating. WSJ’s Andrew Beaton explains how the whole fiasco is threatening to taint the sanctity of the 1,500-year-old game.
Nearly two decades before companies like Meta began pouring billions of dollars into the metaverse, a little company called Linden Lab already had one. In Part 1 of our series, we meet the programmers who built Second Life -- a 3-D virtual world where users could be and do whatever they could imagine. And we meet the intrepid users who were the pioneers of this brave new world.
Yesterday, New York Attorney General Letitia James filed a civil lawsuit against former President Donald Trump, three of his children and two other longtime officials at the Trump Organization. The AG’s fraud complaint seeks a list of penalties including $250 million dollars. WSJ’s Corinne Ramey discusses the lawsuit and what it means.
Hurricane Fiona battered Puerto Rico’s shores, causing an island-wide blackout over the weekend. Now, more than a million people are still waiting for the lights to turn back on. WSJ’s Andrew Scurria explains that the company brought in to fix the grid hasn’t made much progress.
Each time you use your credit card, businesses pay a fee. Merchants have pushed back for years, and there are now two bills in Congress aiming to limit those fees. WSJ’s AnnaMaria Andriotis explains why companies like Visa and Mastercard set fees in the first place, and what Congress hopes to do about it.
We’re in a metaverse déjà vu moment. Companies are spending billions of dollars creating new metaverses, imagining a 3D virtual future. But there’s a metaverse that’s already been around for decades. In this world, people have started businesses, built homes and fallen in love as avatars.
Stuart Smith used to enjoy driving fast cars, kayaking and flying planes. But the mysterious condition known as “long Covid” has upended his personal and professional life. We spoke with Smith, a lawyer whose career was cut short after he got sick, and WSJ’s Sumathi Reddy and Gwynn Guilford about the economic and emotional impacts of long Covid.
Over the summer, unusual monsoons in Pakistan have led to disastrous flooding. More than 30 million people are impacted, and much of the country’s agricultural sector is underwater. WSJ’s Saeed Shah explains how climate change is affecting Pakistan, and who the country's government believes should foot the bill.
As the world shifts toward green alternatives like electric vehicles and solar power, demand for metals needed for batteries has skyrocketed. WSJ’s Yusuf Khan explains mining companies are turning to a new source for metals like cobalt and manganese: the ocean floor.
Is David Zaslav Hollywood’s white knight, or a Trojan horse? The new CEO of Warner Bros. Discovery is sitting atop a huge media empire. WSJ’s Joe Flint profiles Zaslav’s cost-cutting across some of the biggest properties in media, and explores what that might mean for our watchlists.
During the 70-year reign of Queen Elizabeth, she led the British monarchy through a period of huge change and weathered many scandals. WSJ's Max Colchester explains why her death is such a significant moment for the royals, and what it means for the future of the family business.
Russia has shut off Nord Stream, the main pipeline exporting natural gas to Europe. The move comes as Europe faces a growing energy crisis. Meanwhile, Western countries continue to ratchet up energy sanctions against Moscow because of its war on Ukraine. WSJ’s Joe Wallace unpacks how Russia gained the advantage in the fight over energy.
Floods in Jackson, Miss. inundated the city's main water treatment plant, leaving most residents without drinking water. WSJ's Rachel Wolfe says much of the nation's water infrastructure is aging and in disrepair, and many cities could face their own impending crises.
The U.K.’s Conservative Party has elected a new Prime Minister - Liz Truss. She’s coming to power amidst spiraling inflation and rapidly rising energy prices. But what can she do to fix it? WSJ’s Max Colchester explains.
Mikhail Gorbachev, the last leader of the Soviet Union, died earlier this week at 91. His efforts to reform the Communist state and allow greater freedoms won him rockstar status in the West. But as WSJ’s Ann M. Simmons explains, Gorbachev’s legacy in Russia is much more mixed.
The National Suicide Prevention Lifeline has been around for nearly 20 years. And over the years, an increase in the volume of calls has strained its call centers, leaving some calls unanswered. WSJ's Brianna Abbott discusses the effort to replace the Lifeline with a simpler, more responsive number: 988.
As some U.S. states tighten abortion restrictions, an anonymous online market for abortion pills is thriving. Dozens of websites offer to ship abortion drugs anywhere in the U.S. without requiring a prescription, which violates Food and Drug Administration rules. WSJ’s Dominique Mosbergen explores this unregulated marketplace.
The Centers for Disease Control and Prevention's director, Rochelle Walensky, is looking to reorganize the agency in the wake of what she called "some pretty dramatic, pretty public mistakes" during the pandemic. We talk to her about some of the CDC's fumbles and how she thinks the agency could do better.
The goal of LIV is to disrupt golf as fans know it. Funded by Saudi Arabia’s sovereign wealth fund, they’ve proposed new game formats and offered players hundreds of millions of dollars - leading to a major rift with the PGA Tour. We talk with LIV’s Chief Operating Officer, Atul Khosla, about the controversy that surrounds LIV and its vision for the future of golf.
Bed Bath & Beyond is facing big concerns about its future. A high-profile stockholder dumped his shares last week, the stock price is tanking and a big bet on private label brands isn't paying off. WSJ's Suzanne Kapner explains how the home goods retailer got itself into trouble.
This week, President Biden signed the Inflation Reduction Act into law, directing billions of dollars to tackle climate change. We speak to Pedro Pizarro, the CEO of Edison International, one of America’s largest utility companies, about what this bill means for the energy sector.
Afghanistan's central bank has $7 billion frozen in the U.S. As the country faces mounting economic and humanitarian crises, WSJ’s Jessica Donati explains the complicated negotiations between the U.S. and the Taliban over what to do with the money.
Lithium is a key component of batteries in electric vehicles, and a lot of it is underground in South America. WSJ’s Ryan Dube explains why it’s so complicated to get this metal out of Chile and Bolivia, and what that means for the transition to greener energy.
Ben & Jerry's has an unusual agreement with its parent company, Unilever, which let the activist brand keep its corporate social justice mission. But now Ben & Jerry's is taking on Unilever in court to figure out just how far they are allowed to go. WSJ's Saabira Chaudhuri discusses the dispute over selling their ice cream in Israeli territories.
The Pella Corporation, manufacturer of windows and doors, is headquartered in a small town in Iowa. When a shortage of housing and amenities hindered its ability to hire and grow, the company decided to tackle some of these problems themselves. WSJ’s Charity Scott tells the complicated tale of a modern company town.
The private equity lobby notched another victory in their fight to pay low taxes on the fees they charge after Democrats tried – and failed – to change this in their Tax and Climate Bill. WSJ Julie Bykowicz discusses how they managed to do it.
In 2010, a handful of teenage boys started posting gaming montages on YouTube, under the name FaZe Clan. More than a decade later, the group is a global e-sports and lifestyle brand worth more than a billion dollars on the NASDAQ. CEO Lee Trink and founding FaZe Clan member Yousef Abdelfattah — better known as FaZe Apex — explain how the company got there.
A Texas jury ordered the conspiracy theorist Alex Jones to pay nearly $50 million for lying about the Sandy Hook shooting. But after Jones’ company filed for bankruptcy, there are questions about when — and how much — he’ll actually pay. WSJ’s Rob Copeland and Jonathan Randles talk about the case and the upcoming bankruptcy battle.
Europe is stepping up its coal consumption as it tries to reduce reliance on Russian energy. WSJ’s Juan Forero and Phred Dvorak explain why Europe needs coal so badly, and what the consequences will be for the continent’s transition to cleaner energy.
Autonomous trucking company TuSimple has an ambitious goal: eliminate humans from behind the wheel and teach big rigs to drive themselves. But recently, as WSJ's Heather Somerville reports, a traffic accident brought to light technical and safety shortcomings.
In response to competition from TikTok, Instagram is making big changes to its app. But a lot of users are upset about it. WSJ’s Salvador Rodriguez explains how the company is responding to the backlash, and what it means for parent company Meta.
Enochian Biosciences co-founder Serhat Gumrukcu was working to build a name for himself in biotech. But earlier this year, he was arrested in a purported plot to kill an associate. WSJ’s Joseph Walker tells the story of Gumrukcu’s rise and what prosecutors allege happened.
On Tuesday, Kansans will vote on a constitutional amendment that could lead to abortion restrictions or an outright ban. WSJ’s Laura Kusisto explains how Kansas became the biggest abortion battleground since the U.S. Supreme Court overturned Roe v. Wade.
Yesterday, government data showed that the economy shrank for the second quarter in a row, a common definition of a recession. The WSJ's Jon Hilsenrath explains why that doesn't mean the U.S. is in one and looks at what needs to change before he starts using the "R" word.
When the pandemic hit, Rent the Runway, a company that rents designer clothing, saw half its customers pause or cancel their monthly subscriptions. Jennifer Hyman, the CEO, talks about how she retooled the business to survive the shock, and the challenges that still remain.
The World Health Organization has declared monkeypox a public health emergency as worldwide cases exceed 19,000. WSJ's Denise Roland tells the story of how a Danish company's rarely used smallpox vaccine became the only licensed shot against monkeypox, and how the company's scrambling to meet global demand.
Cryptocurrency lender Celsius Network promoted itself as better than a bank, but now it's filed for bankruptcy. WSJ’s Alexander Gladstone discusses the company’s promise, fall, and what it could mean for regulation in the cryptocurrency marketplace.
E-commerce giant Amazon is acquiring the primary-care practice One Medical, giving it about 180 clinics across roughly two dozen U.S. markets. We talk with WSJ’s Sebastian Herrera about Amazon’s track record in health care so far and why it’s investing in the industry.
Netflix had a second straight quarter of subscriber losses. Now the streaming giant is making big changes, including adding ads, which the company had long avoided. WSJ’s Sarah Krouse says ads will be part of the solution as the streaming platform looks to right the ship.
Amazon tried to grow the sales of its private label brands, like AmazonBasics, by adding more products. But rather than juice sales, it’s created new headaches — especially with regulators. WSJ’s Dana Mattioli explains why Amazon is starting to scale back.
Droughts, the global pandemic and political instability have put many Somalis on the brink of starvation. But now, the war in Ukraine has pushed even more over the edge. The victims include children, who are most at risk of dying from hunger. Our colleague Gabriele Steinhauser visited Somalia last month to speak to the people bearing the brunt of a global food shortage.
The James Webb Space Telescope was almost an epic failure. More than 20,000 scientists worked together for over 30 years, but when NASA appointed Greg Robinson to direct the project, things finally came together. We hear from Robinson and WSJ’s Ben Cohen about the engineering breakthroughs— and management finesse— that launched the world’s best telescope into space.
Sri Lanka’s escalating political and economic crises came to a head this week when President Gotabaya Rajapaksa fled the country and submitted his resignation. WSJ’s Philip Wen describes the roots of the crisis -- and what pushed this highly indebted nation over the edge, into rolling blackouts and shortages of food, fuel and medicine.
For decades, the Federal Communications Commission has tried to close the digital divide between cities and rural communities. In a 2020 auction, it allocated funding to a private telecom company to expand high-speed internet coverage. WSJ’s Ryan Tracy explains why one company has struggled to deliver on its big promises.
One of the WNBA 's biggest stars has been in Russian prison since February, when she was arrested on drug charges. While fans clamor for her release, WSJ's Louise Radnofsky explains why it's going to be a difficult task for the U.S. to get her back.
25 years ago, Britain handed Hong Kong back to China. We meet two Hong Kong artists whose friendship has survived personal, political and creative differences in a shared art studio for 13 years. Now, with China exerting more power, one of them is choosing to leave the city for good.
Peshtigo, Wisconsin, is grappling with a crisis: Chemicals known as PFAS have leached from a nearby industrial site into the town's groundwater. WSJ's Kris Maher traveled to the town to report on what the community is doing and how the contamination has affected people's health and lives.
As concerns grow over climate change and high oil prices, the U.S. and Europe are starting to build new nuclear power plants, after decades of favoring other energy sources. WSJ's Matthew Dalton explains why those nations have lost some of their expertise in building nuclear plants, causing significant delays.
Recent moves by the Biden Administration to rein in the vaping market and nicotine levels in cigarettes could hit the tobacco company Altria Group hard, as it has major investments in both markets. WSJ’s Jennifer Maloney unpacks how the latest moves fit within decades of public health efforts.
Earlier this month, an indigenous expert and a British journalist went missing in an area of dense Amazon rainforest. The disappearance of Bruno Pereira and Dom Phillips sparked an international outcry. WSJ’s Luciana Magalhaes and Samantha Pearson explain what the two men’s disappearance and eventual fate reveal about the state of the Amazon.
Today, the Supreme Court overturned Roe v. Wade, ending the federal right to an abortion. WSJ’s Laura Kusisto breaks down the decision and explains how state governments are responding. Plus, a woman who runs clinics that provided abortions in Oklahoma and Texas shares how restrictions have affected her patients.
Inflation is the worst it’s been in more than 40 years. But one bright spot for consumers might be found at the grocery store: rotisserie chickens. WSJ’s Annie Gasparro chronicles the history of America’s love for the quick and versatile meal, and what a "rotisserie chicken economic index" might say about this inflationary moment.
Vince McMahon, the CEO of World Wrestling Entertainment, or WWE, stepped aside as CEO and chairman of the company last week after allegations surfaced that he had an affair with a former employee and agreed to pay $3 million to keep it secret. WSJ’s Ted Mann explains what’s at stake for the company.
Record-breaking high temperatures in India have wreaked havoc on crops like mangoes, which are known there as the "king of fruits." As WSJ's Shan Li explains, the devastation is threatening the livelihoods of farmers and raising food prices for the country’s nearly 1.4 billion people.
The biggest pop band in the world right now is the seven member K-Pop sensation, BTS. This week, the band released a video signaling that they’re tired and want a break. WSJ’s Neil Shah explains why the group has had breakout success and may need to take a hiatus.
To keep up with increased demand during the pandemic, Amazon hired hundreds of thousands of people and massively expanded its logistics network. Now, demand is falling, creating a problem for the company’s new CEO, Andy Jassy. WSJ’s Dana Mattioli explains how Jassy is trying to scale back.
Earlier this year, it seemed like celebrities everywhere were promoting cryptocurrency and NFTs. But then, in early May, the markets crashed. WSJ’s Ellen Gamerman explains how celebrities got hooked on crypto in the first place, and how they’re responding now that the value of these assets is plummeting.
Last week, the first LIV Golf event, a Saudi Arabian-funded golf tournament, officially launched. The new tour is offering professional golfers a lot of money to participate. WSJ’s Andrew Beaton explains why the rival PGA Tour is punishing players who try to participate in both.
After his arrest in Amsterdam, the threat of a decades-long prison sentence loomed over Dmitry. If he cooperated with American prosecutors, he could lower his sentence. But he’d have to betray his hacking collaborator and best friend, Vladimir Drinkman.
In February, Frontier Airlines announced its plan to purchase fellow budget airliner, Spirit. But JetBlue’s surprise competing bid for Spirit sent the three airlines into a messy, public love triangle. WSJ’s Alison Sider reports on how the possible mergers will shake up flying in the U.S.
Earlier this week, President Biden announced emergency measures to get the solar power industry moving again after a major standstill that had pitted domestic manufacturers against solar panel installers. WSJ’s Phred Dvorak explains how tiny Auxin Solar became the most-hated solar company in America.
More than a dozen states have legalized online sports gambling since the Supreme Court repealed a federal ban in 2018. That's opened doors for a burgeoning new industry, and companies like FanDuel are trying to capitalize. CEO Amy Howe shares her views on the industry, and she makes her case for legal sports betting.
Things were already tough for Snap, Snapchat's parent company, thanks to big changes in the ad market. Then last week the company made a surprise announcement: It's worse than we thought. WSJ’s Meghan Bobrowsky explains the reasons behind Snap’s stock tumble, and why it’s raising concerns about other tech companies too.
This past weekend's release of Top Gun: Maverick -- the sequel to Tom Cruise’s 1986 movie -- was record-breaking at the box office. But it also exposed the increasing power that China and its vast market has in Hollywood. WSJ's Erich Schwartzel explains how Top Gun: Maverick attracted Chinese financing -- and then lost it.
What is ESG? Some proponents see it as a way for investors to grow their wealth while fighting climate change and racism. But critics, like Elon Musk, call it an “outrageous scam.” WSJ’s Amrith Ramkumar explains how “environmental, social and governance” became three of the hottest words on Wall Street.
A Marine died in Fallujah at the height of the Iraq War. Years later, his family found out his Purple Heart was listed on an auction site. WSJ's Ben Kesling, who once served in the same company as the Marine, tells the story of how he helped track it down. This episode was originally published in July 2021.
Kevin Paffrath is a social media influencer who dishes out financial advice on multiple platforms. He cashed in on young people’s hunger for investment tips from non-traditional sources. But as WSJ’s Robbie Whelan explains, Paffrath's followers became fickle when his advice turned cautious.
Recent stock slides are approaching dangerous territory: a bear market. WSJ’s James Mackintosh explains why a recent dramatic plunge in stock indexes is spooking investors, what it could mean for the wider economy, and the likelihood of the markets dipping into a bear market in the coming days.
Billionaire hedge-fund manager Steve Cohen is trying to duplicate his financial success in his other major venture as owner of the New York Mets baseball team. And to do so, he’s calling on some of the same people. WSJ’s Juliet Chung and Jared Diamond explain why some of Cohen’s hedge-fund employees are moonlighting for his team.
The four-time World Cup-champion U.S. Women's National Soccer team has scored a new win: equal pay with the men's team. Collective-bargaining agreements between the women's and men's national teams and the United States Soccer Federation align the teams’ pay and create a unique mechanism to share prize money from their respective World Cup competitions. We talk to U.S. Women’s Soccer player Tierna ...
Cryptocurrencies are volatile, but so-called stablecoins were meant to be the exception. But after one major stablecoin, TerraUSD, crashed spectacularly, it caused ripple effects in cryptoland. WSJ’s Caitlin Ostroff explains why regulators are spooked, and what this could mean for the broader economy.
China’s sputtering economy is altering the balance of power among its top leaders. For years, President Xi Jinping sidelined his second in command, Premier Li Keqiang, a proponent of economic liberalization. WSJ’s Lingling Wei explains that Li is now gaining clout and pushing back on Xi's socialist policies.
The digital startup Cerebral began prescribing ADHD drugs like Adderall over the internet, after federal rules loosened. But recently, there have been concerns from inside and outside the company that Cerebral was not careful enough. Now the company has stopped prescribing Adderall to new patients. WSJ's Rolfe Winkler reports.
The Federal Reserve has never managed to significantly decrease inflation without causing job losses, but it's trying to now. Central Bank officials hope they can cool down an overheated economy by raising interest rates. But as WSJ’s Jon Hilsenrath explains, the Fed risks triggering a recession.
Every year, more than a million U.S. high-school students learn about investing through stock-picking games. But what do these games really teach? WSJ's Jason Zweig explains the shortfalls of traditional stock-market games, and teacher Mike Scanlan describes the different approach his school is taking.
Last year, Facebook blocked news pages to pre-empt Australian legislation that would force it to pay publishers for content. But it also took down the Facebook pages of non-news organizations like hospitals, emergency services and charities. Was the move inadvertent or a negotiating tactic? We talk to WSJ's Keach Hagey about what she learned.
In 1838, the Jesuits who founded Georgetown University sold 272 enslaved people to pay off the school's debts and keep the college afloat. Nearly 200 years later, the Jesuits want to make amends. But as Lee Hawkins explains, the path to racial healing can be a messy one.
After decades of debate, the Food and Drug Administration is proposing a ban on menthol cigarettes. A researcher of the tobacco industry explains the benefits of a potential ban, and WSJ’s Jennifer Maloney explains why some want menthols to stay on the market.
A leaked draft opinion from the Supreme Court indicates the court may be preparing to overturn Roe v. Wade, the 1973 precedent that established a constitutional right to an abortion. WSJ’s Brent Kendall explains what this could mean for women in America and why this is a significant moment in the history of the court.
Economic data from March revealed a new trend: hundreds of thousands of Americans are "unretiring" and returning to the workforce. WSJ's Harriet Torry reports that rising inflation is making retirement unsustainable for many. We also hear from two retirees who have started looking for work.
As many companies evaluate how to return to the office, Airbnb announced a new ‘work-from-anywhere’ policy that will let its employees work remotely from 170 countries. Airbnb CEO Brian Chesky explains how he arrived at the idea, and how the policy could serve as a blueprint for others companies.
With rising housing prices and concerns about affordability, a new approach to solving the problem has emerged. Its answer is to build more housing of all types. Meet the Yimbys. WSJ’s Christine Mai-Duc explains the origins of the movement and how it's gaining traction around the country.
Governor Ron DeSantis revoked the theme park's self-governing privileges after Disney opposed Florida's "Don’t Say Gay" bill. WSJ's Robbie Whelan explains the fight that led to this decision and what it might mean for one of the state’s largest employers.
Afghanistan is dealing with an unprecedented humanitarian crisis, which has accelerated since the Taliban took power. Jobs are scarce, the nation’s suffering a devastating drought and Afghans are going hungry. As WSJ’s Sune Engel Rasmussen explains, Afghans are resorting to increasingly desperate measures to survive, such as selling kidneys.
The Biden administration announced plans this week to reduce the student loan burden for millions of people in the U.S. WSJ’s Gabriel T. Rubin explains how the plan involves retooling an existing program that has enrolled millions of people but provided few with relief.
France votes for its next president on Sunday and polls show far-right candidate Marine Le Pen closing in on incumbent centrist, Emmanuel Macron. WSJ's Noemie Bisserbe explains why a Le Pen victory could upend French and European politics.
After a Starbucks store in New York state successfully unionized last year, a movement has begun at the coffee giant's stores across the country — one that CEO Howard Schultz is hoping to tamp down. WSJ’s Heather Haddon unpacks what the company is doing to fight back, and a Starbucks worker explains their interest in unionization.
Amazon's Project Kuiper is planning dozens of launches to send satellites into space in order to sell internet to consumers on Earth. But it's up against a big competitor: Elon Musk’s Starlink. WSJ’s Micah Maidenberg explains the promise of the technology and why it might be hard to succeed.
A year ago, Brandon Hole killed eight people at a FedEx facility in Indianapolis. His mother, Sheila, had tried to get law enforcement to take away his firearms. WSJ’s Zusha Elinson explains the red-flag laws that could have helped stop this mass shooting.
After buying a sizable amount of Twitter’s shares, Elon Musk is now gunning for the entire company. Today, he announced a bid to buy Twitter for about $43 billion. As WSJ’s Tim Higgins explains, Musk is framing the move less as an investment, and more as a fight for free speech.
Elvira Nabiullina, governor of the Russian Central Bank, has spent decades working to integrate Russia into the global economy. But Russia's invasion of Ukraine, and the sanctions it triggered, have pushed Russia's economy into crisis. WSJ's Alexander Osipovich explains how Nabiullina's strategies to stabilize Russia's economy undermine many policies she once championed.
American workers quit a record 47 million jobs in 2021. Despite conventional wisdom, they’re not always leaving to pursue their dreams. Instead, many employees aren’t getting enough hours. WSJ’s Te-Ping Chen explains why.
Since the invasion of Ukraine, thousands of Russians have flown to Turkey, many arriving with cash in their suitcases. WSJ’s Jared Malsin explains why Turkey — a member of NATO — has been so welcoming to Russians while the rest of Europe closes its doors.
Jean-Michel Basquiat's art has sold for over $100 million and his name and work has been licensed for all kinds of merchandise, from Gap to Coach. WSJ’s Kelly Crow talks with Basquiat's two sisters, who are now managing his estate, about how they’re running the business of Basquiat and a new show that will reveal unseen art.
Elon Musk, the world's richest man, announced this week that he is now Twitter's largest shareholder and has a seat on the board. WSJ's Rob Copeland and Dave Michaels explain what that means for the social media platform, and what it might mean for Elon Musk.
Activist investor Carl Icahn has made billions of dollars taking stakes in companies and pressuring them to make changes. Now, Icahn is doing that again, but this time it’s not about making money. It’s about the treatment of pregnant pigs in pork supply chains. WSJ’s Cara Lombardo explains why he’s doing it — and whether it’ll work.
On Friday, workers at an Amazon warehouse in Staten Island, New York voted to unionize. Chris Smalls, the man who’s led the unionization effort, reflects on how the Amazon Labor Union got here, what’s next and how his grassroots efforts could serve as a blueprint for other workers.
Over the last few weeks, the Federal Bureau of Investigation has been investigating an alleged Ponzi scheme that attracted hundreds of investors. The alleged fraud was uncovered by a group of whistleblowers and an undercover businessman looking for a shot at redemption. One of the whistleblowers, the undercover businessman himself and WSJ's Ben Foldy recount the events.
Former President Juan Orlando Hernández promised to combat corruption, violence and drug cartels. But U.S. prosecutors allege he took bribes from drug cartels and "allowed brutal violence to be committed without consequence." WSJ's José de Córdoba explains why the U.S. wants to bring Hernández to trial in an American court.
University of Oregon forward Sedona Prince’s viral TikTok from the 2021 NCAA women’s tournament led to a gender-equity investigation in college basketball. WSJ reporter Rachel Bachman details how it also resulted in big changes in this year's women's championships.
While beef prices are up at the meat counter, cattle ranchers aren't cashing in. Some blame America’s meat-processing giants, which they say underpay for livestock. We talk to Trey Wasserburger about how he and fellow Nebraska ranchers are fighting back by building their own meat packing plant.
Last year, Covid led to enormous slowdowns along the supply chain, especially at the ports of Los Angeles and Long Beach. WSJ's Paul Berger explains how one terminal overcame its backlog, and how a union negotiation on the horizon could back everything up once again.
When Uber first started over a decade ago, the company had one huge competitor: The taxi industry. But after both businesses began to stall, the two former enemies began making nice. WSJ's Preetika Rana explains what caused Uber to team up with New York City's yellow cabs, and the company's bigger taxi ambitions.
The U.S. and other Western nations have imposed harsh sanctions on Iran. But the country has built a clandestine financial system in order to endure them. WSJ’s Ian Talley explains how Iran did it, and what it means for Western influence.
As Russian forces rampage through Ukraine, farmers are facing a growing list of barriers to planting and tending to their crops. That’s bad news for countries around the world that rely on Ukrainian imports. WSJ’s Alistair Macdonald explains the repercussions on global food supplies and a farmer talks about how his operations are faring during the war.
The investigative group Bellingcat has won awards and international recognition for its work exposing misdeeds of authoritarian governments. We talk with Bellingcat’s executive director, Christo Grozev, about the group’s focus on Russian disinformation and alleged war crimes in Ukraine.
Since taking over Disney in early 2020, Bob Chapek has presided over a difficult period for the company. Now, a bill in Florida has become another stumbling block for the embattled CEO. WSJ's Robbie Whelan looks at Chapek's tenure — and why he was reluctant to speak out against a bill critics are calling "Don't Say Gay."
When Russia invaded Ukraine, it took control of the abandoned Chernobyl power plant, the site of worst nuclear disaster in history. Now, around 200 workers are being held hostage at the site by Russian forces. The WSJ’s Joe Parkinson breaks down the situation, and we speak with an off-duty employee of the power plant.
President Joe Biden wants Saudi Arabia to pump more oil, to alleviate global supply concerns amid sanctions on Russia. But the U.S.-Saudi relationship has grown so strained that Crown Prince Mohammed Bin Salman is refusing to take Biden’s call. Now, the kingdom has turned its attention toward another buyer: China. WSJ’s Stephen Kalin explains why Saudi Arabia is growing cold on the U.S.
Inflation is forcing Frank Timberlake, owner of Rich Square Market in rural North Carolina, to raise prices on many of his products. The store is the only grocery around for miles, and many customers are on fixed incomes. Timberlake and WSJ's Valerie Bauerlein explain how inflation is squeezing the store's customers and the business.
Nearly two million Ukrainians have flooded into Poland in the last few weeks. While Polish people have welcomed the refugees with open arms, politicians are warning that the country’s systems are getting overwhelmed. WSJ’s Drew Hinshaw describes the scene on the ground in Poland’s capital and the effect of this mass migration on Poland’s economy.
With its cheeky advertising, Oatly helped invent the oat milk market. But now it’s having a hard time keeping up with all the demand it helped create. WSJ’s Khadeeja Safdar and Jesse Newman tell the story of the company’s rise and recent troubles.
This week, production of Lada cars, the icons of Russia’s auto industry, ground to a halt as Western sanctions cut off auto parts and supplies. WSJ's Nick Kostov tells the story of the famous car maker and explains why it offers a glimpse into the evolution of the Russian economy.
Since the invasion, cryptocurrency use has increased in both Russia and Ukraine. Michael Chobanian, the founder of the largest crypto exchange fund in Ukraine, explains how his company is soliciting donations for the Ukrainian war effort. And WSJ's Paul Vigna reports on Russians' renewed interest in cryptocurrency as the ruble tumbles.
The United States banned Russian oil yesterday, its latest retribution against the invasion of Ukraine. The move is designed to hurt Russia's Vladimir Putin but is also likely to push America's soaring gas prices even higher. Journalist Patricia Garip says the U.S. is now looking for ways to replace the Russian oil and is turning to an unlikely source: Venezuela.
Russia's only independent TV news channel, TV Rain, shut down last week amid a media crackdown in the country. A new law outlaws publishing what Russian authorities consider false information about the Ukraine invasion. TV Rain's editor-in-chief, Tikhon Dzyadko, who has fled the country, talks to The Journal about independent journalism in Russia.
Last month, Facebook's parent, Meta Platforms, forecasted the company would lose $10 billion in advertising revenue this year. Small business owner Martha Krueger explains why she stopped using the platforms, and WSJ reporter Salvador Rodriguez talks about how the company plans to address the exodus.
President Biden had hoped to insulate Americans from the economic fallout of sanctioning Russia, one of the world's biggest oil producers. But oil prices have jumped more than 25 percent this week alone. WSJ's Tim Puko explains why prices keep rising and what, if anything, Biden can do about it.
This week, governments around the world have slapped sanctions on prominent Russian billionaires in retaliation for Russia's invasion of Ukraine. WSJ's Max Colchester explains the push to scrutinize these Russia billionaires and looks at the debate around sanctioning one oligarch: Chelsea soccer team owner, Roman Abramovich.
As repercussions mount for the invasion of Ukraine, ordinary Russians are starting to feel the impact. WSJ's Ann M. Simmons details what it's like on the ground in Moscow and explains whether economic sanctions are having any effect on Russian President Vladimir Putin.
Since the Russian invasion, Ukrainian tech CEO Vitaly Sedler has been organizing efforts to move employees from conflict zones to safety. His company, Intellias, is one of Ukraine's biggest tech companies and is part of a burgeoning tech sector in the country. Sedler talks to The Journal about what it's like to run a business in a country at war.
Over the weekend, countries around the world ratcheted up their punishment of Russia for its invasion of Ukraine. Newly announced sanctions could severely cripple the Russian economy in what's being called the biggest economic attack in history. WSJ's Laurence Norman breaks down the new measures.
Ukrainian President Volodymyr Zelensky said he was remaining in his nation's capital, Kyiv, even as Russian troops closed in. He urged Ukrainians to fight against the invasion. WSJ's James Marson explains how the embattled Ukrainian leader, a one-time TV star, is now standing up to Russia.
Russia launched a full-scale invasion across Ukraine on Thursday. Now, Ukrainians are deciding between fleeing west or fighting back. We hear from one man who's leaving and one who's heading to the front lines. Plus, WSJ's Brett Forrest and James Marson detail what's happening on the ground in Ukraine and what to expect next.
Western leaders have threatened sweeping sanctions if Russia continues advancing into Ukraine. But can even the toughest sanctions avert full-scale war? WSJ's Ann M. Simmons and Georgi Kantchev describe the sanctions that could be coming and how Russia has prepared for this moment.
Spring training for the baseball season was supposed to be underway this week. Instead, players and owners are locked in a labor dispute over their contract. WSJ's Jared Diamond explains why players' demands for more pay could be costly for baseball.
After selling an NFT for $69 million, the digital artist known as Beeple says he's not trying to "blow up" the contemporary art world. And WSJ's Kelly Crow explains how a new technology led to a historic sale. This episode originally published in March 2021.
Russia continues to amass troops on the Ukrainian border, threatening an invasion. One of Russia's demands is that Ukraine never join NATO, the longstanding Western alliance. WSJ's Yaroslav Trofimov explains NATO's history with Russia, and why President Vladimir Putin considers its expansion a threat.
When NBCUniversal launched its streaming service, Peacock, in 2020, it had a rocky start. Now it's trying to regain its footing by live-streaming the Winter Olympics, along with new shows and movies. As WSJ's Lillian Rizzo explains, the stakes are high for NBC and its parent company, Comcast, to get it right.
Families of nine victims of the Sandy Hook mass shooting announced yesterday that they would receive a $73 million settlement from Remington, the parent company of the manufacturer of the gun used in the shooting. WSJ's Zusha Elinson explains the families' novel legal strategy and why it paid off.
A couple was charged last week with conspiring to launder bitcoins stolen in one of the biggest hacks in crypto history. WSJ's Paul Vigna explains how the feds followed the crypto money trail to the two thirty-something New Yorkers.
Canadian Prime Minister Justin Trudeau invoked emergency powers to end demonstrations against Covid-19 restrictions and vaccine mandates, a day after police cleared protesters from a bridge between the U.S. and Canada. WSJ's Paul Vieira explains the roots of the trucker-led demonstrations and why they've been going on for so long.
On Friday, a top White House official warned that Russia could invade Ukraine at any time. President Biden has promised tough sanctions if Russia does invade, but Russia's economic ties with Germany could limit the bite of those measures. WSJ's Bojan Pancevski explains Germany's growing reliance on Russian gas and how it could complicate the West's response.
As the Super Bowl approaches, the National Football League is tackling some big issues off the field. In a lawsuit against the league and three specific teams, former Miami Dolphins head coach Brian Flores alleges racial discrimination in hiring. As WSJ's Andrew Beaton explains, the suit highlights a diversity issue the NFL has been trying to fix for years.
This week, Frontier announced its plan to buy Spirit Airlines. If approved, the merger would create the fifth-largest commercial airline in the US. WSJ's Alison Sider looks at the story behind the deal and the man who has worked for years to make it happen.
Lawmakers last week questioned President Biden's picks for the Federal Reserve. Biden and the Democrats say the diverse slate of nominees will bring a new perspective to the central bank, but Republicans worry some nominees will politicize the Fed. WSJ's Amara Omeokwe outlines the philosophical debate over the Fed's role in the economy.
Dua Lipa is one of the biggest pop stars of the past two years. WSJ Magazine contributor Alan Light - and Dua Lipa herself - explain how a pivotal decision in 2020 helped fuel her success, and why she's decided to launch a newsletter and a podcast.
CNN president Jeff Zucker suddenly resigned on Wednesday after announcing he had failed to disclose his romantic relationship with another senior executive. WSJ's Ben Mullin traces Zucker's long career and impact on CNN, and explores where the network goes from here.
A battle among fast grocery delivery companies is raging in New York and other U.S. cities. With millions of dollars of venture capital funding, startups are flocking to get products out to customers in under 20 minutes, but at what cost? WSJ's Eliot Brown breaks down the numbers and explains why this trend could have a short shelf life.
In the leadup to the 2018 Winter Games, U.S. Olympic sponsors unveiled high-profile ad campaigns. But this year, they're keeping mum. WSJ's Stu Woo explains how tensions between the US and China over human rights have put U.S. Olympic sponsors in a bind.
The pandemic forced many colleges to make standardized entrance exams like the SAT optional. Now, a lot of them are choosing to make the tests optional longer term. WSJ's Douglas Belkin explains the forces motivating them, and an admissions officer in South Carolina describes how the trends affect his school.
Last week, Google announced it is overhauling its plans for targeted online advertising after pushback from privacy advocates. The company's new plan is called Google Topics and aims to give marketers less granular information about web users than under the tech giant's earlier proposal. WSJ's Sam Schechner talks about what the new proposal means for Google, advertisers and regulators around the wo...
Earlier this week, rock star Neil Young asked Spotify to remove his music from its streaming service. He said it was in protest of covid misinformation on The Joe Rogan Experience, Spotify's most popular podcast. WSJ's Anne Steele explains how Spotify's big bet on the controversial podcaster complicates the company's plans to dominate the audio space.
Since the 2008 financial crisis, institutional investors have bought up thousands of homes around the country to rent out, crimping the supply of available homes for average buyers. But a new gambit by an economic development agency in Cincinnati aims to put a dent in that dynamic. We speak to its CEO and WSJ's Konrad Putzier about the stakes.
With Russian troops amassing at Ukraine's border, many Ukrainians say they're willing to take up arms against Russia. WSJ's James Marson visited Kyiv, spoke to some prominent leaders and explains how a new sense of Ukrainian identity is playing into the current tensions.
Fitness company Peloton was once a pandemic favorite with booming sales and a surging stock price. But recently, it's suffered a reversal of fortune. WSJ Heard on the Street columnist Laura Forman explains what happened and why she saw the fall coming.
Communications giants AT&T and Verizon have been investing billions of dollars into their 5G networks. But aviation regulators have warned for several years that certain 5G signals may interfere with some equipment on aircraft. WSJ's Drew FitzGerald unpacks how the U.S. government failed to avert a pitched battle over the 5G rollout.
Earlier this month, Bolt, a startup in Silicon Valley, announced that employees can permanently work a four-day workweek. The company's founder and CEO tells The Journal why, and WSJ's Patrick Thomas explains how the four-day workweek went from an abstract idea to something employers across the country are now offering their staff.
The Grammys has come under fire in recent years for a lack of diversity among its members and its nominees. We speak with Grammy CEO Harvey Mason Jr. about how he's trying to rebuild trust among artists while at the same time respond to the pandemic's disruption of the awards ceremony.
On Tuesday, Microsoft announced its biggest acquisition ever: It'll buy the video gaming juggernaut Activision Blizzard for $75 billion. Microsoft's betting the deal will help it build a new way to sell games to consumers, which it calls the "Netflix of games." WSJ's Aaron Tilley explains Microsoft's strategy and the risks it contains.
Earlier this month, Canada reached a landmark preliminary settlement with members of its indigenous community, capping a 15-year legal battle over child welfare resources. Cindy Blackstock, an advocate who vaulted the case onto the national stage, explains what drove the initial complaint, and WSJ's Kim Mackrael unpacks the importance of the $32 billion settlement, the largest in Canada's history.
Three top officials have recently retired early from the Federal Reserve amid controversy surrounding personal stock trading activity. WSJ's Nick Timiraos explains what's led to the worst reputational crisis at the Fed in decades.
Democrats gambled that their expanded child tax credit would be so popular, Congress wouldn't let it lapse. It just lapsed. WSJ's Richard Rubin explains why the monthly checks for parents are ending, and dad Jamie Herrington discusses what it means for his family.
More than half of the NBA's players have tested positive for Covid-19 this season as the highly contagious Omicron variant sweeps the country. WSJ's Ben Cohen explains how the NBA has had to tap into its developmental league to keep the games going, and what it means for the players getting their first big break.
Workplace burnout is on the rise, with resignations at an all-time high. WSJ's Ray A. Smith reports that employers are scrambling to find ways to combat it. And we hear from a woman who says professional burnout sent her to the hospital. Plus, the president of Bumble, the dating app, explains why his company gave employees a week off last year.
Pfizer has sold and distributed billions of doses of its Covid-19 vaccine, generating an estimated $36 billion in sales last year. CEO Albert Bourla talks to The Journal about Omicron and how Pfizer is approaching the virus as we enter the third year of the pandemic.
After a steep rise in gas prices, violent protests broke out in the Central Asian nation of Kazakhstan. Dozens have been killed, most of the country's government has resigned and, now, Russian-led forces are entering the country to intervene. WSJ's James Marson traces the roots of these protests.
Months after they first came on the market, at-home Covid-19 tests are still scarce in some parts of the country. But it didn't have to be this way. WSJ's Brianna Abbott unpacks the decisions and circumstances that led to the at-home testing shortage. And healthcare CEO Zachariah Reitano explains how he found tests for his customers.
The Department of Justice has charged about two dozen academic researchers in the U.S. over suspicions they may be secretly helping China. But WSJ's Aruna Viswanatha explains universities see the government's actions as intimidation and an attack on open research.
Theranos CEO Elizabeth Holmes promised investors that her company could revolutionize blood tests. But after 11 wire-fraud charges and 15 weeks of a court trial, yesterday a jury found Holmes guilty on four counts. WSJ's Sara Randazzo, who has been in the courtroom, explains what this means for Holmes and why this trial was a referendum on how Silicon Valley startups raise cash.
Mariah Carey released "All I Want for Christmas Is You" in 1994 to moderate success. Today, the song is a megahit and Christmas playlist staple. What happened? WSJ's John Jurgensen called up the "Queen of Christmas" to find out. This episode was originally published on December 11, 2020.
AMC, the world's largest movie-theater chain, is now over 80% owned by everyday investors. Which means CEO Adam Aron has a new boss: The 'apes.' WSJ's Alexander Gladstone and Erich Schwartzel introduce the online movement that saved AMC. And self-declared 'ape' investor David Dumas explains why he jumped in.
Last week, a federal judge overturned a roughly $4.5 billion settlement between OxyContin maker Purdue Pharma and members of the Sackler family, who own the company. WSJ's Jonathan Randles explains why the ruling was surprising and what it means for people who sued Purdue, like Ryan Hampton.
Lawmakers investigating the Jan. 6 attack on the Capitol believe former chief of staff Mark Meadows holds critical knowledge about how the Trump administration responded that day. But Meadows, like several other former Trump allies, refuses to testify. WSJ's Siobhan Hughes explains why lawmakers want to talk to him.
Toymaker John Hansen III needs his products in stock by the holidays. This year, manufacturing delays, port backups, and a trucking shortage made getting goods from China to the U.S. harder than ever. Hansen describes how cascading supply-chain failures delayed an order of chess sets by a year, and explains what the backups mean for his business.
Dr. Christine Hancock is a primary care doctor in Washington state. Early in the pandemic, Dr. Hancock thought her patients would be hit hard by Covid-19. But she has seen a different crisis play out where isolation and health care delays have led to complications and deaths. WSJ's Anna Wilde Mathews has spoken with Dr. Hancock throughout the pandemic and reflects on the doctor's story.
Dr. Anthony Fauci, America's top infectious disease official, says we are at a stalemate in the war against Covid-19. New coronavirus cases in the United Kingdom just hit a record high as the Omicron variant spreads. And U.S. deaths from the virus have surpassed 800,000, even as vaccines become more widely available. We speak with Dr. Fauci about the war against coronavirus and whether we can ever ...
The painter Vincent Van Gogh is having a moment. Right now, multiple companies are battling to sell tickets to dozens of immersive shows of his work, which involve virtual-reality headsets and large-scale projections. WSJ's Kelly Crow tells the story behind this new way of viewing art and why it is creating a challenge for museums.
For months, the Federal Reserve has predicted that inflation was "transitory" - that it would go away on its own. But recently, Fed officials have backed away from that buzzword. WSJ's Nick Timiraos explains what that tiny word choice reveals about the Fed's changing thinking on the future of the U.S. economy.
Since the identification of the Omicron variant, vaccine makers - like Pfizer and Moderna - have been racing to figure out if the existing Covid-19 vaccines are effective against it or whether they should develop new, Omicron-targeted vaccines. WSJ's Denise Roland explains what scientists have to consider.
New Zealand ended its Covid-19 elimination strategy after an outbreak triggered a months-long lockdown in the country's largest city. Now, Prime Minister Jacinda Ardern has put in place a phased reopening plan. We talk with Ardern about the economic cost of the country's elimination strategy and what new variants mean for its plans.
What does the world's richest person think about the role of government and the future of robots and space travel? Elon Musk, CEO of Tesla and SpaceX, shared his views in a wide-ranging interview with WSJ's Joanna Stern.
Designer Virgil Abloh became the first Black American to hold a top creative job at a major luxury label. Abloh, who was artistic director of menswear at Louis Vuitton, was able to turn ordinary streetwear like hoodies and sneakers into high fashion, commanding big price tags and drawing celebrity customers. WSJ's Jacob Gallagher unpacks the legacy of Virgil Abloh, who died earlier this week at age...
Turkish President Erdogan is pushing ahead with an unusual economic plan for his country that is based on slashing the value of the currency. As the Turkish lira has plunged, inflation has spiked and Turkish citizens have taken to the streets. WSJ's Jared Maslin reports on the situation from Istanbul.
Gasoline prices are on the rise. To avoid a political backlash, President Biden is pushing to increase the global oil supply in hopes that will eventually help consumers at the pump. But as WSJ's Timothy Puko explains, the move has risks, given Biden's climate agenda.
Binance, the world's biggest cryptocurrency trading platform, surged by operating from nowhere in particular - without offices, licenses, or headquarters. Now, WSJ's Caitlin Ostroff explains, global regulators are taking a closer look.
On Friday, the World Health Organization labeled a new variant of the coronavirus, called Omicron, as a variant of concern. WSJ's Gabriele Steinhauser explains how scientists in South Africa noticed it so quickly, and what's known about Omicron so far.
We are bringing you the complete story of uBiome. It was a biotech company with promise: charismatic leaders, an exciting product and lots of venture-capital funding. So why did the FBI end up raiding its office? And why is the government calling its leaders fugitives? WSJ's Amy Dockser Marcus tells the story of uBiome's spectacular downfall.
A post on tennis player Peng Shuai's social-media account made a startling accusation: that a former top official of the Chinese Communist Party had sexually assaulted her. Then, she disappeared from public view for more than two weeks. WSJ's Joshua Robinson explains how the head of the Women's Tennis Association is speaking out against China and putting the organization's business on the line.
Compared with pre-pandemic estimates, hundreds of thousands more Americans have retired in the last 18 months. We hear from two recent retirees, and we talk to WSJ's Amara Omeokwe about what the wave of retirement could mean for the economy.
Activision Blizzard, one of the world's biggest videogame makers, is facing multiple investigations over sexual harassment and workplace misconduct. WSJ's Kirsten Grind looks at the CEO helming the company, Bobby Kotick, and his knowledge of the allegations.
Last year, the FDA cracked down on flavored vapes in hopes of combatting a rise in teen vaping. But thanks to a loophole in the FDA's rule, sweet, fruity flavors are still around. WSJ's Jennifer Maloney details how a product called Puff Bar has become the top-selling vape among kids.
Rivian, the Amazon-backed electric vehicle company, went public earlier this month in the biggest IPO since 2014. But before that, Detroit giants General Motors Corp. and Ford Motor Co. fought over partnering with Rivian, earning one of the legacy carmakers a multi-billion dollar payout. WSJ's Mike Colias tells the story of the high-stakes battle.
In 2019, Taylor Swift announced she would re-record her first six albums after they fell into the hands of talent agent Scooter Braun. Last week she debuted her version of her album Red. It broke streaming records. WSJ's Anne Steele says this decision is not only making Taylor money but also inspiring other artists to do the same -- and that record labels are pushing back.
With a reputation as the company whose leaders knew how to run any kind of business, General Electric once made everything from lightbulbs to jet engines. Then, last week, the storied American company announced it was breaking up. WSJ's Thomas Gryta tells the story of how GE's management philosophy fell back down to earth.
uBiome raised millions of dollars in venture funding with the promise that insurance companies would pay for its customers' microbiome tests. But that pursuit ultimately led to an FBI raid and a federal indictment alleging a fraud scheme. WSJ's Amy Dockser Marcus tells the story of uBiome's spectacular downfall. Plus, we try to track down uBiome's leaders, Jessica Richman and Zac Apte, who the gove...
One reason people can't go back to work is because they can't find childcare, and they can't find childcare because there's a shortage of childcare workers. WSJ's Kris Maher explains why the economics of the industry make it so difficult to raise wages, and the CEO of a childcare program in Philadelphia explains how hard she's tried to hire teachers.
Zillow started buying and selling homes directly a few years ago, hoping to make money on each transaction. But last week, the company said it was exiting the business and laying off 25% of its staff. WSJ's Will Parker explains why the company failed at home buying, a line of business Zillow once predicted could generate $20 billion a year.
Over the last year, there's been a sharp increase in teen girls seeking medical help for involuntary tics. Kayla Johnsen is one of them. She shares her story, and a neurologist explains why doctors think the social media app TikTok may be behind the medical phenomenon. Plus, WSJ's Julie Jargon traces the origin of the Tourette influencers whose videos may have sparked the surge.
uBiome was a biotech company with promise: charismatic leaders, an exciting product and lots of venture-capital funding. So why did the FBI end up raiding its office? And how did its leaders end up labeled as fugitives by the government? WSJ's Amy Dockser Marcus tells us the story.
A key part of the 2015 Paris climate accord was a pledge by wealthy countries to provide $100 billion a year to help developing countries fight climate change. WSJ's Matthew Dalton explains how the failure to keep that promise is challenging the COP26 climate summit this week in Glasgow.
The Department of Justice yesterday sued to block Penguin Random House, the world's largest book publisher, from buying rival Simon & Schuster for more than $2 billion. WSJ's Jeffrey A. Trachtenberg explains how the industry has consolidated in recent years and why the government says it wants to block the deal for the sake of authors.
Facebook announced last week that it was changing its name to Meta Platforms Inc., a name inspired by a futuristic technology that doesn't fully exist yet: the metaverse. WSJ's Deepa Seetharaman explains what the metaverse is and why Facebook CEO Mark Zuckerberg is betting big on it.
After years of struggling to attract new fans, Formula One is suddenly finding tons of them. The reason? A reality TV show on Netflix, called "Drive to Survive." WSJ's Joshua Robinson explains how a show he likens to "The Real Housewives of Monte Carlo" made F1 a model for modern sports marketing.
A major hacking group has been recruiting tech talent by setting up a fake cybersecurity company, according to researchers. WSJ's Robert McMillan details how the ransomware group is recruiting workers and what it says about the state of ransomware attacks.
Facebook has professed a commitment to neutrality and upholding free speech on its platform for years. But internal documents reviewed by the Wall Street Journal show the company is increasingly targeting specific groups it deems dangerous. WSJ's Jeff Horwitz explains how Facebook's actions toward the Patriot Party movement stopped it from going viral.
An Amazon employee group formed by warehouse workers in Staten Island filed Monday to hold a vote on unionization. We speak with Chris Smalls, the president of the group, about why he's trying to establish the first union in the U.S. for Amazon employees.
Democrats in Congress have been trying to pass a multitrillion-dollar spending bill, which includes a major piece of President Joe Biden's climate agenda. But in the face of opposition from a single senator, the climate provision is dead. WSJ's Siobhan Hughes explains where this leaves the U.S. in its fight against climate change.
Despite wage growth, the labor force participation rate remains near its lowest level since the 1970s. In the face of this shortage, companies are turning to a possible solution: automation. We talk to the CEO of a hospital system in Nevada that is hoping new technology can help the nursing shortage, and WSJ's Josh Mitchell explains what increased investment in tech will mean for the economy and wo...
After Netflix released its latest Dave Chappelle special earlier this month, the company faced strong criticism from the transgender community and its own employees. WSJ's Joe Flint explains how the controversy has challenged Netflix's culture of 'radical candor' and we go on the ground at the Netflix employee walkout.
After a whistleblower shared internal Facebook documents, lawmakers renewed calls to regulate social media companies. But concerns over the influence tech giants exert on society extend far beyond Facebook. We spoke with Senator Amy Klobuchar about how she hopes to rein in tech companies.
Facebook's top executives, including CEO Mark Zuckerberg, have touted the company's progress at using artificial intelligence to police harmful content on its platform. But internally, documents show there were deep concerns about what Facebook's AI could do. In the seventh episode of The Facebook Files, WSJ's Deepa Seetharaman discusses what Facebook's AI can really do and ways in which it still f...
As CEO of Alphabet, Google's parent company, Sundar Pichai is responsible for a massive, 144,000-person workforce. Right now, he's grappling with big issues, like how tech should be regulated, how to rein in cybercrime and how (or whether) workers return to the office. WSJ's Editor in Chief, Matt Murray, asks him about these issues and more.
The World Health Organization last week recommended the first-ever vaccine for wide use against malaria, one of the world's deadliest diseases. Paul Kofi Awuffor, a public health worker in Ghana, shares how the vaccine can change lives, and WSJ's Denise Roland explains this historic landmark in public health.
Since the pandemic started last year, the disruptions to the global supply chain have only gotten worse. Delays at America's busiest commercial port, Los Angeles, are wreaking havoc on manufacturing and retail, leading the White House to get involved. WSJ's Sarah Nassauer and Costas Paris explain what the logjam means and how it can be fixed.
More than 100 countries agreed last week to a 15% global minimum corporate tax. WSJ's Richard Rubin details how the deal came together, and WSJ's Paul Hannon explains why Ireland - which has long had some of the lowest tax rates in Europe - finally got on board.
Over Labor Day weekend, an attempted murder was reported to police in Hampton County, S.C. involving the scion of a powerful local family. The victim, Alex Murdaugh, later said he attempted to stage his own murder to try to collect insurance money. WSJ's Valerie Bauerlien looks at this case and other events that threaten to undermine the Murdaugh dynasty.
On Monday, Facebook, Instagram and WhatsApp went offline for billions of people around the world. To fix it, Facebook's employees had to physically drive to data centers to address the problem. WSJ's Robert McMillan explains the cascade of failures that caused it to happen.
In 2018, Canadian authorities arrested Huawei finance chief Meng Wanzhou on behalf of the United States. Days later, the Chinese government arrested two Canadians in retaliation. WSJ's Jacquie McNish has been covering the ordeal and the high stakes detainee exchange that took place in September.
College counselor Rick Singer pled guilty to helping wealthy parents like Lori Loughlin and Felicity Huffman cheat their kids' way into elite colleges. In 2018, the federal government began wiretapping his cellphone. WSJ's Melissa Korn and Jennifer Levitz dissect the tapes.
At the heart of the Facebook Files series is a cache of internal company documents. And behind the release of those documents is a person: Frances Haugen. In Part 6, we sit down for an extended conversation with Frances. She tells us about her time at Facebook, what led her to speak out and what she hopes to achieve by disclosing internal Facebook documents.
For the last year, a team at the Wall Street Journal has been investigating the financial holdings of federal judges across the country. This week, the team reported that more than 130 judges violated U.S. law by overseeing court cases that involved companies in which they or their family had a financial interest. WSJ's James Grimaldi explains the investigation and introduces us to the judge with t...
For the last year, a team at the Wall Street Journal has been investigating the financial holdings of federal judges across the country. This week, the team reported that more than 130 judges violated U.S. law by overseeing court cases that involved companies in which they or their family had a financial interest. WSJ's James Grimaldi explains the investigation and introduces us to the judge with t...
The restaurant industry around the country is having a hard time finding enough workers. So, Amanda Cohen, who runs a restaurant called Dirt Candy in Manhattan, decided to dramatically overhaul her business in order to raise wages. Since then, not only has she been able to retain staff, she's also managed to increase profits.
In the fifth part of our series looking deep inside Facebook, we examine the company's efforts to win over young children. Reporter Georgia Wells discusses what Facebook's internal documents reveal about the company's years-long efforts to study and design products for kids. And we look ahead to tomorrow's Senate hearing, where lawmakers are expected to question a Facebook executive about the compa...
Evergrande built homes for China's growing middle class for more than two decades. Now, the property developer is running out of money. WSJ's Quentin Webb explains how years of piling on debt brought Evergrande to a crisis point, and what its potential collapse could mean for China.
Last week, roughly 16,000 migrants showed up in Del Rio, Texas. Most of them were Haitian, but they didn't come directly from Haiti. They've been on a long journey. WSJ's Alicia Caldwell and Juan Montes explain how these Haitians reached Texas and what they're encountering at the border.
Since Prince Harry and Meghan Markle quit the royal family, the couple have been building a Hollywood production company and signed deals with Netflix and Spotify. WSJ's Erich Schwartzel explains how this royal career shift has been going.
The Chinese government is cracking down on big private corporations and reining in their power. WSJ's Lingling Wei shares her analysis which suggests this recent development is coming from China's President Xi Jinping's personal ideological shift from capitalism towards a Mao-style socialism.
Last week, the U.S. announced a new multibillion-dollar deal to supply nuclear submarines to Australia. There was just one problem: Australia had already inked a submarine deal with France. WSJ's Matthew Dalton explains the sub snub and what it means for U.S.-France relations.
A growing number of retailers are offering customers the ability to buy a product and pay for it later in installments. WSJ's AnnaMaria Andriotis explains why the approach has become so popular and whether it's likely to stick around.
Dogecoin began as a joke cryptocurrency in 2013, but this year its price has soared, and now its market cap stands at about $30 billion. WSJ's Caitlin Ostroff says two competing organizations that both call themselves the Dogecoin Foundation are vying for the coin's trademark and its future. Representatives from both groups make their case about who should be dogecoin's steward going forward.
In the fourth episode of our investigative series based on an extensive array of internal Facebook documents, we explore the fallout of a major algorithm change the company made in 2018. The documents outline how an emphasis on engagement incentivized the spread of divisive, sensational content and misinformation. WSJ's Keach Hagey and Jeff Horwitz explain how attempts from within the company to un...
In the third episode of our investigative series based on an extensive array of internal Facebook documents, we look at a persistent problem on the platform: human trafficking. WSJ's Justin Scheck describes documents showing that Facebook has closely studied how human traffickers use the platform to ensnare victims and advertise illegal sex services. The documents also show Facebook's response to t...
To combat increasingly extreme wildfires, firefighters are taking cues from the world of sports analytics. WSJ's Dan Frosch explains how the "Moneyball" sports data revolution is making its way into firefighting and why increasingly unpredictable fires are putting new computer models to the test.
Jack Schron has been encouraging his employees to get vaccinated. He also worries a vaccine mandate might cause them to quit. The manufacturing company president explains what the Biden administration's vaccine mandate could mean for him, and WSJ's Eric Morath discusses its impact on the labor market.
A brazen kind of shoplifting is plaguing America's retail stores, where people fill up garbage bags with items and simply walk out the door. WSJ's Rebecca Ballhaus explains how organized crime rings orchestrate the shoplifting. And Ben Dugan, the head of CVS' investigative unit, describes what he does to fight crime at his stores.
In the second episode in our investigative series, we turn to research that Facebook has kept private: its internal studies on the effects of Instagram, one of its core products, on teen mental health. WSJ's Georgia Wells details the company's findings, which show that Instagram can be harmful for young users, particularly teen girls. Plus, Instagram head Adam Mosseri explains why he thinks there's...
The Facebook Files, an investigative series from The Wall Street Journal, dives into an extensive array of internal Facebook documents, giving an unparalleled look inside the social media giant. In our first episode, WSJ's Jeff Horwitz explains how high-profile users from celebrities to politicians are shielded from the site's rules and protected from enforcement measures. The company does this in ...
As the Taliban took control of Afghanistan, members of the country's women's soccer team - once symbols of a new Afghanistan - knew they needed to escape. WSJ's Drew Hinshaw tells the story of how the team's former captain, Khalida Popal, hatched a daring plan for their evacuation.
Economists, CEOs and many others predicted earlier this summer that the economy would recover around Labor Day. But the Delta variant has changed all of that. WSJ's Eric Morath explains how the highly contagious strain is affecting business and job growth.
The pandemic has disrupted a lot of things - including how people dress. We talk with WGSN fashion forecaster Francesca Muston about how the uncertain times have made predicting fashion trends more difficult and how other forces like climate change may shape fashion choices in the long term.
Scholastic, which is famous for children's books like Harry Potter and Clifford the Big Red Dog, has been controlled by the same family for more than a century. Then, the CEO unexpectedly died in June and his will had a controversial decision on succession. WSJ's Shalini Ramachandran on the drama that unfolded.
Jake Hopkins, a university student in the U.K., decided earlier this year to do something most people in the world have been trying to avoid: he volunteered to get Covid-19. Jake signed up for a human challenge trial that intentionally infects participants with the virus. He shares recordings from his experience in the controversial study, and WSJ's Jenny Strasburg explains the researchers' goals.
In June, the President of El Salvador made an announcement that shocked the nation: It would become the first country to adopt Bitcoin as a national currency. As "B-day" approaches, WSJ's Santiago Perez headed to El Salvador to hear how Salvadorans are feeling about the change.
A lawsuit filed last week alleges that a former top producer at Good Morning America, Michael Corn, assaulted at least two women at ABC News, and that the company did not take disciplinary action against him. Corn and ABC dispute the claims. WSJ's Joe Flint breaks down the allegations and explains how they come at a pivotal moment for ABC News.
Famed activist investor Bill Ackman raised $4 billion for a blank-check company last year, enough to merge with a big, proven start-up. But he still hasn't found a company to buy, and is now suggesting he might return all of his investors' money. WSJ's Cara Lombardo tells us why Ackman is falling short.
Six years ago, a WSJ investigation raised serious questions about the blood-testing startup Theranos. This week, the company's founder Elizabeth Holmes will go on trial for fraud. WSJ editor Michael Siconolfi remembers what it was like to help break the Theranos story, and legal reporter Sara Randazzo explains what to expect from the much-anticipated trial.
Since the Taliban took control of Afghanistan, foreign aid has stopped flowing, the business community is fleeing, and banks have limited how much money people can withdraw. WSJ's Yaroslav Trofimov explains why the Afghan economy is in turmoil and what the Taliban might do to restore it.
Congress is nearing passage of the largest investment in public transit ever. About $66 billion of that money is slated to go to Amtrak, America's passenger rail company. Amtrak's CEO sat down with Ryan to talk about where he intends to spend that money.
Since the Taliban's takeover of Afghanistan, many women around the country have been living in fear, despite the Taliban's assurances they'll respect women's rights. WSJ's Margherita Stancati talks about the threats women face, and Afghan photographer Fatimah Hossaini explains her decision to flee the country.
OnlyFans, an adult social-media platform, built a thriving business selling sexually explicit content. So why did it just ban sex? WSJ's Georgia Wells explains the financial backstory to the company's surprising move, and an OnlyFans creator weighs in on what it could mean for her.
The main way to make money from trees used to be chopping them down and selling them to sawmills. But now, people are getting paid to do the opposite. WSJ's Ryan Dezember explains the economics of the carbon offset market and why it's finally taking root.
BuzzFeed has been trying to go public for years. When it finally struck a deal to do so earlier this year, the media company left its biggest shareholder -- NBCUniversal -- facing a huge loss. WSJ's Ben Mullin explains how changes in digital media fortunes brought BuzzFeed to this moment.
The nation's top auto safety regulator announced this week that it was investigating Tesla's assisted driving technologies after a series of crashes. WSJ's Rebecca Elliott explains what prompted the probe of Autopilot, as it's called, and what it could mean for the auto industry.
Schools across the country are reopening just as the Delta variant is causing a surge of Covid-19 cases. But some states, including Texas, have blocked school districts from taking certain safety precautions. We spoke to Dallas superintendent Dr. Michael Hinojosa about how he's navigating Covid-19 and the politics around it.
When Apple announced new iPhone software to combat child pornography, it set off a firestorm over privacy. WSJ's Joanna Stern talked to Apple software chief Craig Federighi about why it sparked controversy and what it actually does.
After almost 20 years of war, the U.S. withdrew its remaining troops from Afghanistan. In a matter of weeks, the Taliban have taken control of the country. WSJ's Sune Rasmussen explains how the Taliban was able to move so quickly and describes the chaos and fear gripping Afghanistan today.
On Amazon's massive online marketplace, third-party sellers live and die by customer reviews. WSJ's Nicole Nguyen explains how and why sellers risk getting kicked off Amazon to improve their reviews, and we hear from one customer who found out just how far some companies are willing to go.
The Centers for Disease Control and Prevention has come under fire this summer for reversing its masking recommendations as the Delta variant threatens COVID-19 vaccine efficacy. Now, CDC Director Rochelle Walensky speaks out in an exclusive interview with WSJ reporters Sarah Toy and Sabrina Siddiqui.
In the span of a year and a half, Lebanon went from a middle-income economy to a country in financial free fall. WSJ's Nazih Osseiran explains the cycle of monetary policy, inflation, and government mismanagement that set off one of the worst economic collapses in 150 years.
New York Governor Andrew Cuomo resigned today, following the release of a report that alleged he sexually harassed several women. Cuomo will depart office in 14 days and Lieutenant Governor Kathy Hochul will take his place for the remainder of his term. WSJ's James Fanelli details the allegations against Cuomo and describes the woman who will be replacing him.
Last week, Facebook suspended the personal accounts of an NYU Ph.D. candidate and some members of her research team. They were studying how well the social media platform was identifying political ads. WSJ's Jeff Horwitz explains what the dispute means for the broader community of outside researchers.
In 2014, the terrorist group Boko Haram kidnapped 276 schoolgirls in Nigeria. It gave rise to a viral Twitter movement #BringBackOurGirls and would eventually inspire hundreds of similar kidnappings in the years that followed. The WSJ's Drew Hinshaw and Joe Parkinson explain how criminal groups are building a kidnapping for ransom industry in Nigeria.
At a critical moment in the fight against the Covid-19 pandemic, leading White House infectious disease specialist Dr. Anthony Fauci sat down to talk with The Journal about the increased risks of the Delta variant, whether children should go back to school and how to bring the vaccine-hesitant on board.
Disney released the latest Marvel movie, "Black Widow," in theaters and on its streaming service, Disney+. The movie's star, Scarlett Johansson, sued Disney, alleging the decision cost her millions. WSJ's Joe Flint explains how the showdown could affect the industry.
As the Delta variant spreads, more companies are requiring their employees to get vaccinated. WSJ's Chip Cutter discusses the legal precedents behind these policies, and an HR executive explains how her company handled the issue.
Used cars are more expensive now than they've ever been, and car dealerships are having to go to great lengths to find inventory. WSJ's Nora Naughton explains the shortages that are driving up prices and what it means for dealers and consumers.
Even before her appointment, Federal Trade Commission Chair Lina Khan had made a name for herself by criticizing Amazon's market dominance. Her stance has already provoked backlash from the tech industry and congressional Republicans. WSJ's Ryan Tracy explains.
Earlier this week, star gymnast Simone Biles pulled out of two Olympic competitions after she experienced a dangerous case of the "twisties." WSJ's Louise Radnofsky explains how one of the Olympics's biggest stars is helping change attitudes towards mental health and physical safety.
Robinhood built its business around the idea of making it easier than ever for everyday people to invest. Now the company's betting it can "democratize" initial public offerings, too - including its own. WSJ's Peter Rudegeair explains the thinking behind Robinhood's unconventional IPO this week.
Jerome Powell has led the U.S. economy through its pandemic-induced crash and turbulent recovery. But with his first term ending soon, WSJ's Nick Timiraos says some in Washington are questioning whether Powell should be reappointed.
Covid has taken a toll on South Africa. Successive lockdowns have led to deep economic suffering across the country. And when political protests broke out recently, the economic hardship took a violent turn leading to riots and looting. WSJ's Gabriele Steinhauser explains how South Africa could be a warning to other countries.
Superstar gymnast Simone Biles could become the first woman since 1968 to repeat as the gold medalist in the individual all-around competition. But WSJ's Louise Radnofsky says that, for Biles, continuing to compete at the sport's highest level is also about keeping a spotlight on the crimes committed by former team doctor Larry Nassar. As the last self-identified survivor on the team, Biles is stil...
Major banks performed well while employees worked remotely. But executives at some banks are bringing their workers back to the office full time. WSJ's David Benoit explains what it could mean for the industry and the rest of corporate America.
Many of Miami's condo buildings are vulnerable to the same kind of structural issues as Champlain Towers South, which collapsed last month. WSJ's Laura Kusisto explains why it's often untrained volunteer condo boards that are in charge of repairs.
Legal scholar Tim Wu has spent years pushing for greater regulation of big American companies. To get his ideas into the mainstream, Wu has done everything from run for office to ride on a roller coaster with Stephen Colbert. WSJ's Ryan Tracy details how Wu's ideas made their way into President Biden's executive order to increase business competition.
For the first time in 60 years, mass demonstrations are sweeping Cuba. Protesters are chanting one slogan: 'patria y vida,' or, 'homeland and life.' The phrase - a counterpoint to the revolutionary slogan 'homeland or death' - comes from a song written by Cuban dissidents. WSJ's Santiago Perez dives into the origins of the artist dissident movement and the song that defines this moment.
After Didi launched a successful IPO in New York last month, Beijing took punitive action against the ride hailing giant. It also established new rules for Chinese companies that want to list overseas. WSJ's Patrick Barta explains what that means for future economic cooperation between the U.S. and China.
Christopher Hallett built a business providing online legal advice in custody cases. His main offering was built on a conspiracy theory. But this conspiracy theory ended in murder. WSJ's Georgia Wells and Justin Scheck tell the tale.
A Marine died in Fallujah at the height of the Iraq War. Years later, his family found out his Purple Heart was listed on an auction site. WSJ's Ben Kesling, who once served in the same company as the Marine, tells the story of how he helped track it down.
Last week's building collapse near Miami was an event without modern precedent. Its cause remains a mystery. But building records, eyewitness accounts, and expert assessments are offering possible clues. WSJ's Jon Kamp details the potential warning signs from the history of Champlain Towers South.
Investors are pouring money into "green" companies, but what actually makes a company green? WSJ's Justin Scheck tells the story of The Metals Company, a deep sea mining startup that's set to go public at $2.9 billion.
At an antitrust trial, executives from tobacco giant Altria have been speaking in unusually frank terms about the company's closed e-cigarette business. They've testified that the company failed to innovate. WSJ's Jennifer Maloney explains why Altria is making this unusual defense.
For the past 13 years, pop star Britney Spears has lived under a legal arrangement that's given her father control over her finances and her life. Yesterday, Spears spoke out publicly against the conservatorship for the first time. WSJ's Neil Shah details Spears's fight to break free.
As the country resumes flying in droves, the air travel industry is struggling to keep up. American Airlines cancelled hundreds of flights in recent days due to labor shortages. WSJ's Alison Sider explains why carriers are cancelling flights and calling back retired staff.
Apple has been trying for years to reinvent the healthcare system. In 2016, the company started operating its own health clinics for employees as a testing ground. But, WSJ's Rolfe Winkler explains, Apple's had a hard time accomplishing its ambitions.
Americans are quitting their jobs at record rates. But why? WSJ's Lauren Weber dives into the reasons that Americans have decided to walk away from their careers during a pandemic and breaks down what it means for the economy. Plus, two quitters open up about their decision.
Stocks, it turns out, don't only go up. On the final episode of To The Moon, we follow the GameStop rocket ship as it returns to Earth, and we learn how the traders who poured their money into the stock fared-and why they don't want to quit trading.
Last week, Congress introduced legislation that, if passed, could force Amazon to break up. The bills come after a 15-month investigation into whether big tech has monopoly power in the economy. WSJ's Dana Mattioli speaks to Representatives David Cicilline (D., RI) and Ken Buck (R., Col.) about the investigation and why they believe these laws should be passed.
Hindenburg Research is a small investment firm that is having a big impact. Its critical reports about some of the hottest startups have pushed stock prices lower, allowing the firm to profit. WSJ's Amrith Ramkumar talks about the firm, its strategy and what happened to Lordstown Motors.
A Wall Street Journal investigation has found that one hacking group - called Ryuk - is behind hundreds of attacks on U.S. health care facilities. WSJ's Kevin Poulsen details the rise of Ryuk, and one hospital administrator shares what it's like to be a victim of one of their attacks.
In 2019, MoviePass declared bankruptcy. The company had offered unlimited movie tickets to customers for a low monthly fee but never found a successful business model. Last week, the Federal Trade Commission alleged that MoviePass executives deceived customers to try to save the business. WSJ's Ben Fritz unspools one of the most audacious stories in Hollywood.
Individual investors banded together online to send GameStop soaring in January. Many of those investors were inspired by one man, Keith Gill, aka DeepF-ingValue, aka Roaring Kitty. On episode four of To The Moon, we hear how WSJ reporter Julia Verlaine tracked down Gill, and we trace how his arguments inspired legions of GameStop investors to buy... and hold.
Individual investors banded together online to send GameStop soaring in January. Many of those investors were inspired by one man, Keith Gill, aka DeepF-ingValue, aka Roaring Kitty. On episode four of To The Moon, we hear how WSJ reporter Julia Verlaine tracked down Gill, and we trace how his arguments inspired legions of GameStop investors to buy... and hold.
The FDA this week approved the first new Alzheimer's treatment in nearly 20 years. But it almost didn't make it to market. WSJ's Joseph Walker untangles the complex story behind the drug Aduhelm and why its approval is raising questions.
The FDA this week approved the first new Alzheimer's treatment in nearly 20 years. But it almost didn't make it to market. WSJ's Joseph Walker untangles the complex story behind the drug Aduhelm and why its approval is raising questions.
Companies are using a new approach to push their executives to prioritize diversity: Tying it to their pay. WSJ's Emily Glazer explains how this tactic came about, and former executive Steven Davis talks about the role boards can play in improving diversity.
Companies are using a new approach to push their executives to prioritize diversity: Tying it to their pay. WSJ's Emily Glazer explains how this tactic came about, and former executive Steven Davis talks about the role boards can play in improving diversity.