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The Latest Breaking News from WSJ

Vince McMahon steps back as WWE CEO amid investigation into alleged hush money payment

McMahon to give up CEO and chairman responsibilities during investigation but will continue to carry out his duties relating to WWE’s creative content

The Independent UK

Tampon Manufactures Step Up Output To Avoid Any Major Supply Crunch: WSJ

Tampon Manufactures Step Up Output To Avoid Any Major Supply Crunch: WSJ

Some of the largest U.S. tampon makers are beefing up production to boost supplies as consumers in some parts say they cannot find their preferred products.

WWE CEO investigated for alleged $3m hush money payment to ‘mistress’, report says

WWE CEO investigated for alleged $3m hush money payment to ‘mistress’, report says

Vince McMahon is estimated to be worth $2.4bn, according to Forbes

The Independent UK

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Citi Turns Bullish On Boeing - Read Why

Citi analyst Charles J Armitage upgraded the aerospace and defense firm Boeing Co (NYSE:BA) to Buy/High Risk from Neutral and lowered the price target to $209 (implying an upside of 56.3%) from $219. The analyst seeks to value Boeing on the assumption that the (significant) medium-term risks can be mitigated while also quantifying those risks.…

Boeing Now Has a Liaison To Raise Concerns For Employees Who Work On Behalf Of FAA: WSJ

Boeing Co. (NYSE:BA) has appointed Mark Fava as its new ombudsperson for employees working on behalf of the Federal Aviation Administration, reported WSJ. Fava is a former U.S. Navy officer and airline operations official. According to a Boeing representative, Fava has recently concentrated on regulatory issues concerning the company's commercial…

Report: WWE Board Investigating ‘Secret’ Vince McMahon Settlement

The probe reportedly also found additional, older NDAs involving ex-WWE female employees and claims of misconduct.

Sports Illustrated

Softbank-Backed Mental Health Startup Cerebral Under FTC Scrutiny: WSJ

The Federal Trade Commission (FTC) has begun investigating mental-health startup Cerebral Inc on its potential engagement in unfair practices related to advertising or marketing of services.

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Cryptocurrency Companies Reduce Hiring In Response To Market Downturn

Cryptocurrency Companies Reduce Hiring In Response To Market Downturn

Coinbase Global Inc (NASDAQ: COIN) revoked employment offers to people who accepted them and announced a slowing of its hiring pace in recent weeks.

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

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,

Credit Suisse Warns On Q2 Loss, Mulls Workforce Reduction To Save Costs

Credit Suisse Warns On Q2 Loss, Mulls Workforce Reduction To Save Costs

Credit Suisse Group AG (NYSE:CS) is looking for another round of job cuts to manage costs after warning of a second-quarter loss, Bloomberg reported citing people familiar with the matter. The people said that the bank is mulling headcount reductions across divisions and regions. Final numbers are still to be decided, they said. …

Big 4 Accounting Firm Ernst & Young Considers Separating Audit and Advisory Businesses: WSJ

Big 4 Accounting Firm Ernst & Young Considers Separating Audit and Advisory Businesses: WSJ

Big Four accounting firm Ernst & Young is considering a global split of its audit and advising businesses amid regulatory scrutiny of potential conflicts of interest in the profession,

WeWork Appoints Andre Fernandez As Finance Chief; Affirms Outlook

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…

Report: Apple Looks to Boost Production Outside China

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

Is The NFT Market Dead Or Alive? That Depends On Who You Ask

Is The NFT Market Dead Or Alive? That Depends On Who You Ask

After taking the market by storm in 2021, the growth of non-fungible tokens has faced some bumps in 2022. Ask those who cover the sector if the NFT market is dead or alive, and you may get some different answers.

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Lenovo, Xiaomi, Other Chinese Tech Giants Pull Back From Russia

Chinese tech companies, including PC giant Lenovo Group Ltd (OTC:LNVGY) and smartphone maker Xiaomi Corp (OTC:XIACY), quietly pulled back from Russia under pressure from U.S. sanctions and suppliers, the Wall Street Journal reports. Consumer drone giant SZ DJI Technology Co suspended its business in Russia and Ukraine pending a compliance review. The companies pulled back amid Beijing…

Facebook keeps finding new ways to be utterly evil

Documents and emails leaked to 'The Wall Street Journal' suggest Facebook intentionally disrupted the flow of information in Australia to influence legislation.

Facebook Deliberately Caused Chaos In Attempt To Thwart Unfavorable Australian Law, Whistleblowers Allege

Whistleblowers have alleged that Meta Platforms Inc-owned (NASDAQ: FB) Facebook's act of blocking news pages in Australia was a deliberate negotiating tactic to thwart a potential law, according to

Making Sense Of The Apparent Leaked Opinion In Dobbs

My instant reaction to Leakgate.

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European Regulators Expect Risk Over Non-Payment Of Leveraged Loans: WSJ

Europe’s banking regulator fears that highly indebted borrowers could start struggling to pay off their debt as the economy slow down, higher costs, and interest rates increase. Leveraged financing has skyrocketed in Europe and elsewhere over the past years as central banks unleashed cheap money to propel economic growth.

This Day In Market History: WSJ Interest Rate Headline Tanks Market

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.

The WSJ Is Worried About The Chief Justice "Turn[ing]" Votes In Dobbs

I'm having flashbacks to NFIB and Bostock. Has there been a leak?

Top Meta Official Faces Internal Scrutiny For Doling Out Favours To Activision CEO Bobby Kotick

Meta Platforms Inc (NASDAQ: FB) COO Sheryl Sandberg faced internal scrutiny for allegedly pressing a U.K.

This Digital Freight Operator Raises Funds At $3.8B Valuation, Positioning It For Potential IPO

Digital freight operator Convoy Inc raised $160 million in new funding that values the load-matching business at $3.8 billion positioning it for a potential IPO. Convoy substantially completed the Series E funding round led by Baillie Gifford & Co, T. Rowe Price Associates Inc, and others during the fourth quarter of 2021. Convoy…

Biden To Announce New Military Package For Ukraine

Within the coming days, U.S. President Joe Biden is expected to announce another military aid package for Ukraine about the same size as the $800 million one last week, Reuters reported citing familiar sources. One U.S. official said a new package was expected that would be roughly the size of the previous…

Warner Bros.Discovery Suspends External Marketing Spend For CNN+: Axios

Warner Bros.Discovery Inc (NASDAQ:WBD) suspended every external marketing spending for its recently launched streaming service CNN+ and laid off CNN's CFO Brad Ferrer, Axios reports. Discovery's current CFO for streaming and international, Neil Chugani, succeeded Ferrer. The report added that Warner Bros. Discovery looks to eliminate other high-level positions at WarnerMedia across…

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