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The Latest Breaking News from Wall Street Journal

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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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…

Benzinga

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.

Reuters

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…

Reason

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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…

Benzinga

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.

Reason

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.

Ballotpedia

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.

Reason

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Reason

If You Want Protection for Your Loved Ones, Do It Yourself

No hollow promise can replace our attachments to our children, spouses, friends, and our own lives.

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, May 27

CNBC

Benzinga

WeWork Appoints Andre Fernandez As Finance Chief; Affirms Outlook

WeWork Inc (NYSE:WE) has appointed Andre J. Fernandez as Chief Financial Officer (CFO) effective June 10, 2022. This is the third time the co-working space operator has hired a finance chief since March 2020, the Wall Street Journal reported. Fernandez recently served as the CFO of Atlanta-based enterprise software company NCR Corp (NYSE:NCR). The WSJ report…

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 26

CNBC Two Major Tech Deals Come Under UK Government Scrutiny

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France 24

Adrian Zenz, the academic behind the ‘Xinjiang Police Files’, on China's abuse of Uighurs

Hacked files revealing the repression of Uighur Muslims in China were published on Tuesday by a consortium of media. Labeled the “Xinjiang Police Files”, these documents owe a lot to one man in particular: Adrian Zenz. In recent years, this German anthropologist has become a central target of Chinese propaganda…

Benzinga

Lyft Pauses Hiring, Budgets To Beat Slowdown Following Uber's Footsteps

Lyft, Inc (NASDAQ:LYFT) looks to slow hiring, reducing some of its departments' budgets and granting new stock options to some employees to make up for its share price fall, the Wall Street Journal reports. Lyft joined rival Uber Technologies, Inc (NYSE:UBER) in outlining cuts as investor optimism cooled on tech stocks. Lyft looked to prioritize fewer…

Benzinga

Elon Musk's SpaceX Fetches 25% Higher Valuation In Latest Funding Amid Sexual Harassment Allegations

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk-owned SpaceX has raised a fresh round of funding that values the privately-held space company at $125 billion, the Wall Street Journal

Evening Standard

Glencore ‘to plead guilty’ over £20m bribery case in Africa

The Serious Fraud Office has charged Anglo-Swiss mining giant Glencore with seven counts of bribery after a long-running probe into its activities in Africa.

Reason

Court Won't Let CDC End Migrant Expulsion Order Just Yet

Plus: Book bans come for Barnes & Noble, a blow to SEC enforcement power, and more...

Benzinga

Washington Attorney General Indicts Meta's Mark Zuckerberg For Alleged Role In Cambridge Analytica Scandal

The attorney general for Washington, D.C., charged Meta Platforms Inc (NASDAQ:FB) Facebook founder Mark Zuckerberg for allegedly participating in decision-making that led to the Cambridge Analytica data breach, the Wall Street Journal reports. The evidence shows Zuckerberg was personally involved in Facebook’s failure to protect the privacy and data of its users leading…

Benzinga

Activision Blizzard Employees Proceed Towards Unionization

Twenty-two quality-assurance testers at Activision Blizzard, Inc (NASDAQ:ATVI) studios have voted in favor of unionizing with the Communications Workers of America, the Wall Street Journal reports. The workers took part in the vote at Middleton, Wisconsin-based Raven, on May 23 amid opposition from Activision management. The move followed years of complaints about excessive…

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