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The Latest Breaking News from Wall Street Journal

Facebook Appears To Migrate Investments From News To Better Compete With TikTok

News organizations stand to lose revenue worth tens of millions of dollars as Meta Platforms, Inc's (NASDAQ: META) Facebook is reassessing its commitment to paying for news,

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, June 9

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Benzinga

US Schedules Covid-19 Vaccines For Children Below Five Years

The U.S. government is preparing to launch vaccines for children below five in conjunction with educational and outreach efforts, pending approval by federal regulators, the Wall Street Journal reports. The government looks to provide ten million initial doses as the virus spreads nationwide, leaving the parents anxious. The vaccinations could begin…

Benzinga

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Dom Phillips: editors around world urge Bolsonaro to do more to find missing journalist

Media organisations call on Brazil’s president to step up efforts to find Phillips and Indigenous advocate Bruno Pereira

The Guardian - UK

Russia Imposes New Sanctions That Include Netflix, BlackRock, Delta Air Lines Chiefs

Russia retaliated against U.S. sanctions by imposing its own on multiple prominent American CEOs, including BlackRock, Inc (NYSE:BLK), Delta Air Lines, Inc (NYSE:DAL), Netflix, Inc (NASDAQ:NFLX), and Comcast Corp (NASDAQ:CMCSA) Universal Pictures, the Wall Street Journal reports. The sanction included U.S. administration officials and former heads of other large U.S. corporations, and executives at rating firms operated by S&P Global…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

Benzinga

Walmart Heir Rob Walton Buys American Football Franchise Denver Broncos

Rob Walton, one of the heirs of Walmart Inc (NYSE:WMT) fortune, has agreed to acquire the American football franchise, Denver Broncos. The deal was sealed for $4.65 billion, the Wall Street Journal reported. The purchase and sale agreement calls for the Walton-Penner family to acquire the Denver Broncos from the Pat Bowlen Trust. The report…

Benzinga

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Western Digital Weighed Strategic Alternatives Including Business Split

Western Digital Corp (NASDAQ:WDC) had weighed strategic alternatives, including splitting its businesses focused on traditional hard drives for computers and flash memory. Western Digital settled with activist investor Elliott Management Corp calling for the $19 billion company to consider splitting into two, the Wall Street Journal reports. Previously Elliott disclosed a 6% stake in Western…

Benzinga

China Approves 60 New Games

China has approved the release of dozens of new video games, boosting the shares of some of its biggest tech firms Wednesday on hopes that a long-running and painful crackdown on the sector is easing. The announcement follows a report in The Wall Street Journal on Monday that said regulators…

Asharq Al-Awsat

Making music accessible the goal of Pearl scholarship winner

A musician who wants to make classical music more accessible to more diverse performers and audience members has been named this year’s recipient of a college scholarship founded in honor of slain Wall Street Journal reporter Daniel Pearl

The Independent UK

Goodyear Recalls Over 170,000 Tires Used On RVs

Goodyear Tire & Rubber Co (NASDAQ:GT) is recalling more than 170,000 tires used on trucks and recreational vehicles. The tires subject to recall were produced between 1996 and 2003. The recall specifically applies to G159 tires size 275/70R22.5, commonly found on RVs. The tire maker received over 600 claims for personal injury and property…

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, June 7

Reuters

Benzinga

After Meme Stock Frenzy, SEC Poised To Change Stock Market Rules To Ensure More Transparent Operations

The SEC looks to propose significant changes to the stock market’s mode of operation by this fall, the Wall Street Journal reports

Benzinga

Sony Hopes To Charge Extra For Entertainment Provisions In Its Car: WSJ

Sony Group Corp’s (NYSE:SONY) first car will include entertainment features like movies and video games, for which the owners will have to pay extra to gain access, the Wall Street Journal reported. The report quoted Sony CEO Kenichiro Yoshida saying the car market is nearing a shift to a service model where…

Benzinga

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Benzinga

Movie Theater Popcorn Shortage? Here's What AMC CEO Adam Aron Had To Say

As more people head back to the movie theaters for blockbuster movies, they could be facing a shortage of an item that pairs well with movies: popcorn. One movie theater executive is brushing off the potential shortage.

Benzinga

Carl Icahn Backs From Proxy Fight With Kroger Over Pig Treatment: WSJ

Activist investor Carl Icahn said he is backing from a proxy fight at Kroger Co (NYSE:KR) on the treatment of pregnant pigs, the Wall Street Journal reported. He took the decision after he lost a similar proxy fight with McDonald's Corp (NYSE:MCD) over animal welfare. "I congratulate the McDonald's team on their victory in this proxy engagement…

Reuters

Exclusive: Russia warns U.S. media in Moscow they risk losing their accreditation - sources

Russia warned U.S. news organisations on Monday they risked being stripped of their accreditation unless the treatment of Russian journalists in the United States improves, according to three sources with knowledge of the matter.

Reason

Ex-Prosecutor Markus Funk and Judge Virginia Kendall (N.D. Ill.) on Possible Prosecution of S. Ct. Leaker

A new op-ed in the Wall Street Journal Wednesday (written with the help of ex-prosecutor Andrew S. Boutros), following up on their Bloomberg Law piece from May 11, lays out some possible bases for the prosecution: Consider Section 1512 of Title 18 of the United States Code, which makes it…

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Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

McDonald's To Deploy Third Party Firm To Evaluate Diversity Initiatives: WSJ

McDonald's Corp (NYSE:MCD) is planning to deploy a third party to evaluate its effort on diversity, equity, and inclusion, the Wall Street Journal reported. In a Securities and Exchange Commission (SEC) filing, the company said about 274 million shares of the company's common stock were voted in favor of the third-party civil…

Benzinga

Pfizer Seeks FDA Approval For Three Covid Vaccine Doses For Children Below Five

Partners Pfizer, Inc (NYSE:PFE) and BioNTech SE (NASDAQ:BNTX) urged the FDA to authorize three vaccine doses for children below five, the Wall Street Journal reports. The companies previously asserted that three doses of the shot were 80% effective at preventing symptomatic Covid-19 with robust immune response in children between six months to five years. After mixed results…

Reason

Are Pulse Oximeters "Intrinsically Biased Against People of Color?"

A Wall Street Journal article suggests that pulse oximeters mismeasure blood oxygen levels in American minority populations, but the article fails to ask some important questions.

Ballotpedia

Economy and Society: SEC proposes additional disclosure rules for ESG Funds

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Reason

Biden (Almost) Admits That His Own Stimulus Spending Stoked Inflation

Biden's three-point plan to tackle inflation is really a one-point plan: Let the Federal Reserve handle this mess.

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