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The Latest Breaking News from Wall Street Journal

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…

France 24

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

Benzinga

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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.

Evening Standard

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...

Reason

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…

Benzinga

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Starbucks Closes Russia Business Permanently: WSJ

Starbucks Corp (NASDAQ:SBUX) is shutting down its business in Russia, the Wall Street Journal reported. The coffee giant has decided to permanently close operations in its 130 stores and would no longer have an operation in Russia. The company had suspended its licensee's Russian business on March 8. The report noted the company…

Benzinga

Report: Apple Looks to Boost Production Outside China

Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report…

Asharq Al-Awsat

Cybersecurity Report Finds Microsoft Censoring Politically Sensitive Chinese Names In US Searches

A Microsoft Corp (NASDAQ:MSFT) search engine has made it more challenging in North America to look up politically sensitive people for China, the Wall Street Journal reports. Citizen Lab consistently found that Bing censored politically sensitive Chinese names. Bing’s autofill system, which guesses based on searching after a few keystrokes, often fell silent…

Benzinga

This US Ruling Could Force Google To Break Up Its Ad Business

A bipartisan group of senators led by Utah Republican Mike Lee introduced legislation targeting conflicts of interest in the advertising technology industry, the Wall Street Journal reports. The legislation could force Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to break up its dominant online-ad business. The Competition and Transparency in Digital Advertising Act would prohibit…

Benzinga

TSMC Weighs Multi-Billion Dollar Chip Plant Investment In Singapore

Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) explored building a semiconductor factory in Singapore to help address a global supply shortage, the Wall Street Journal reports. TSMC studied the feasibility of production lines that would make 7- to 28-nanometer chips widely used in cars, smartphones, and other devices. The cost would run into…

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 19

CNBC CDC Looking Into 180 Cases Of Unexplained Pediatric Acute Hepatitis

Benzinga

What Is Happening With Endo Shares Today

Endo International Plc (NASDAQ:ENDP) initiated negotiations with its lenders and senior bondholders regarding a possible reorganization of more than $8 billion of its debt, the Wall Street Journal reported, citing people familiar with the matter. Lenders began talks after the company reported disappointing earnings early this month for 1Q 2022, driven by the loss…

Benzinga

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news in one place.

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Benzinga

Google's Russia Subsidiary To File For Bankruptcy

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Russian subsidiary looks to file for bankruptcy, unable to pay employees and suppliers, the Wall Street Journal reports. An earlier move by authorities to seize its bank account made it difficult to continue operations in the country. Google had already paused most of its commercial operations in Russia, including…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 18

CNBC Toyota Looks To Develop Hydrogen Mobility In Europe

Asharq Al-Awsat

China Eastern Crash Probe Looks into Crew Actions

Investigators looking into the crash of a China Eastern Airlines jet are examining the actions of the crew on the flight deck, with no evidence found of a technical malfunction, two people briefed on the matter said. In mainland China's deadliest aviation disaster for 28 years, the Boeing 737-800 crashed…

The Independent UK

China: No information provided about March plane crash

China says that U.S. investigators haven’t released any information about the cause of a China Eastern Airlines jetliner crash in March after The Wall Street Journal reported data from its flight recorder indicated someone pushed the Boeing 737-800 into a steep dive

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Evening Standard

China Eastern black box data ‘suggests MU5735 crash likely intentional’

All 123 passengers and nine crew members were killed in the March 21 crash

Al Jazeera

China Eastern plane crash may have been deliberate: Report

Boeing 737-800 plunged inexplicably from cruising altitude into the ground in March, killing all 132 people on board.

Reuters

China Eastern crash probe looks into crew actions -sources

Benzinga

FDA Gives Nod To First Nonprescription COVID-19 Test That Also Detects Flu, RSV

The FDA has authorized the first nonprescription test to detect Covid-19, influenza, and respiratory syncytial virus (RSV). The test, called the Labcorp Seasonal Respiratory Virus RT-PCR DTC Test, was developed by Laboratory Corp of America Holdings (NYSE:LH). It can be sold directly to consumers online or at retail. A person can self-collect a nasal…

Reason

Why the Texas Social Media Law is a Menace to Freedom of Speech

The law forces social media firms to host and promote speech they oppose, and would set a dangerous precedent if upheld by the courts..

Bangkok Post

Median CEO Pay Package Rose to $14.7 Million in 2021, a New High

The median pay package for chief executives of the biggest U.S. companies reached $14.7 million in 2021, setting a sixth-straight annual record as strong profits and robust markets boosted performance measures.

Benzinga

Morning Brief: Top Financial Stories Dominating on Monday, May 16

CNBC Volkswagen CEO Shares Ambitious EV Ambitions For US Market

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