WSJ News Exclusive | Activist Elliott Management Holds Stake in PayPal
Activist investor Elliott Management Corp. has a stake in PayPal PYPL -5.65% Holdings Inc., according to people familiar with the...
Banking/Credit
ECB Raises Rates by Half-Percentage Point in First Hike Since 2011
FRANKFURT—The European Central Bank raised interest rates by a larger-than-expected half-percentage point and unveiled a new plan to buy the...
Elon Musk’s Inner Circle Rocked by Fight Over His $230 Billion Fortune
Mr. Birchall, a straight-laced, 48-year-old wealth manager who rose to become Mr. Musk’s top deputy and the head of his...
Rogers Network Outage Disrupts Canada Internet Access and Bank Transactions
One of Canada’s largest telecommunications companies, Rogers Communications Inc., RCI -1.02% reported Friday outages across its nationwide network, affecting millions...
Tesla Vehicle Deliveries Tumble After China Factory Shutdown
Tesla vehicle deliveries fell quarter-over-quarter for the first time in more than two years, reflecting an extended shutdown in China,...
Pinterest CEO Is Stepping Down, Google Commerce Executive to Take Top Job
Pinterest longtime chief executive is stepping down and a Google commerce executive is taking over the top job, the social-media...
Marketers at NFT.NYC Upbeat on Brand-Building in the Metaverse
The nosedive in cryptocurrencies and nonfungible tokens peppered conversations, panels and events at NFT.NYC, a four-day event last week focused...
Fed’s Bullard Says He Expects Economic Expansion to Continue This Year
Federal Reserve Bank of St. Louis President James Bullard said the economy appears on track for more expansion this year,...
Fed’s Waller Supports 0.75-Percentage-Point Rate Hike in July
Governor Christopher Waller says the Fed took a significant step toward achieving its inflation goal when it raised its key...
The Myth of the Central Bank ‘Soft Landing’
“Soft landings” are easier to find in the legendarium of central banks than in historical reality. It was a big...
The Crypto Party Is Over
On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If...
Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at...
Adam Neumann’s ‘Goddess Nature Token’ Is the Future of Crypto—for Better or Worse
To understand the current state of Web3—that future version of the internet that proponents promise will be decentralized and better—it...
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest...
Digital Dollar Could Coexist With Stablecoins, Fed Vice Chairwoman Says
WASHINGTON—A U.S. central bank digital currency could one day provide consumers with a level of safety amid a proliferation of...
Fed Minutes Show Urgency for Raising Rates to Tame High Inflation
Minutes from the Fed’s May 3-4 meeting, released Wednesday, also showed officials discussed the possibility they would raise interest rates...
Fed Nominee Michael Barr Supports Rewriting Lending Rules, Cautious on Capital Requirements
WASHINGTON— Michael Barr, President Biden’s pick to become the government’s most influential bank regulator, told senators that he supports a...
Nvidia Agrees to Pay $5.5 Million to Settle SEC Probe Over Cryptomining Disclosure
WASHINGTON—Nvidia has agreed to pay $5.5 million to settle a regulatory investigation that found it didn’t adequately reveal the impact...
Fed Lifts Interest Rates by Half-Point in Biggest Hike Since 2000
The Federal Reserve approved a rare half-percentage-point interest rate increase—the largest since 2000—and a plan to shrink its $9 trillion...
Ukraine War Puts Spy Satellites for Hire in the Spotlight
AURORA, Colo.—Ukrainian forces hunting Russian tanks and tracking troop movement are being aided by imagery from a growing number of...
