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The Latest Breaking News from the Wall Street Journal

Mirror, Mirror on the World Stage: Are Russian and Western Tactics More Alike Than We Think?

Many of the more notorious actions of Putin's Russia are barely distinguishable from those conducted by the US and its allies.

International Business Times UK

Trump team targets bank regulators

The move would have a massive impact on agencies in charge of protecting consumers' money

Salon

Kroger-Albertsons Merger Halted by the Federal Trade Commission

The Federal Trade Commission's antitrust action does not benefit grocery shoppers.

Reason

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Mark Zuckerberg's Meta Donates $1 Million To Trump Inauguration: Report

The donation comes just weeks after Zuckerberg dined with Trump at his Mar-a-Lago Florida resort.

International Business Times

Boots owner Walgreens in talks over sale to private equity, casting doubt over chemist’s future

Sycamore Partners, a US firm which owns the stationary brand Staples, said to be potential buyer

The Independent UK

Walgreens Shares Struggle After Report It Is Looking To Sell

Walgreens Boots Alliance is in talks to sell itself to Sycamore Partners, a private-equity firm, in a strategic move of going private after years of declining stock performance.

International Business Times

New Single-Family Rental Homes Could Be Future As Ownership Grows Too Expensive

Wall Street firms are investing billions in build-to-rent housing, catering to families priced out of homeownership due to high mortgage rates and record home prices.

International Business Times

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How an episode of Succession sparked Rupert Murdoch’s bitter family feud over control of his media empire

Murdoch’s efforts to ensure his eldest son’s dominance over the empire were dealt a heavy blow in court

The Independent UK

Why Murdoch’s succession case could be major blow to his rightwing legacy

Court ruling could mean that more liberal Murdochs may have say in content from world’s most powerful conservative media empire

The Guardian - US

Murdoch fails to amend family trust in court succession saga: Report

Rupert Murdoch, owner of Fox News and the Wall Street Journal, is seeking to put his son Lachlan in control of empire.

Al Jazeera

Texas Cozies Up With Incoming Trump Administration as Mass Deportation Plans Remain a Priority

Texas has become a staple for extreme immigration crackdown during the Biden administration. Now, it is likely to serve as a blueprint for Trump.

Latin Times

Trump's Patel pick "all about loyalty"

Patel has pledged to "come after" the president-elect's foes and purge the bureau of career professionals

Salon

Moana is the most-streamed movie of the past five years – and not just on Disney Plus

Audiences are flocking to Moana's island of Motunui over and over again.

TechRadar

Morgan Stanley Reportedly Thrives On Questionable Clients: 'Blessing And A Curse'

Morgan Stanley's wealth-management division is under investigation by multiple government agencies due to its weak anti-money-laundering controls and improperly vetting international clients.

International Business Times

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Fortune

Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros

Bessent worked for Soros and played a key role in the short bet that “broke the Bank of England.”

Benzinga

US–Mexico Trade Tensions Escalate As Mexican Peso Hits August 2022 Lows: Why Is Auto Industry Most At Risk?

US-Mexico trade tensions rise as Trump threatens tariffs. Mexican peso weakens, trade war could affect $800B annual trade between nations.

International Business Times

Kodak Considering Terminating $3.5 Billion Pension Plan: Report

Eastman Kodak has begun taking steps to end its $3.5 billion pension plan, agreeing to sell private-equity and other illiquid assets attached to it.

Benzinga

Peacock Pays Up: Macy's Thanksgiving Parade Costs Set To Balloon For Content-Hungry NBC

According to The Wall Street Journal, NBC is considering a $60-million rights deal to air the parade. That's triple the current rate.

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news in one place.

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Al Jazeera

What do Elon Musk and Vivek Ramaswamy plan to do with DOGE?

Musk wants to slash government spending by a third, and Ramaswamy wants to cut 75% of the federal workforce. Can they?

Fortune

Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet

The controversial Tether is reportedly facing a probe from both the Justice and Treasury departments.

Fortune

Trump’s Treasury pick leaves investors hopeful that he’ll take the sting out of ‘America First’ trade policies

Donald Trump will nominate Scott Bessent to replace Janet Yellen as Treasury secretary, with markets buoyed by comments on tariffs.

Fortune

‘First buddy’ Elon Musk is a source of insight into Trump for TikTok’s CEO as key deadline looms, report says

Musk was asked for his opinions on an array of issues, including the incoming Trump administration and potential tech policy, the Wall Street Journal said.

The Guardian - US

Trump picks hedge-fund investor Scott Bessent for treasury secretary

Job is one of most powerful in Washington with huge influence over US economy and financial markets

Fortune

Trump is thinking about former Fed governor Kevin Warsh to be his Treasury secretary—and to replace Jerome Powell

The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.

The Independent UK

Musk and Ramaswamy want to force federal workers back to the office. Economists aren’t convinced.

More than half of federal workers work in person full-time

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People

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