Amazon Wants You to Pay With Your Palm. It’s a Sneak Attack on Apple and Google.
It’s also a potentially massive play to make Amazon the central ID system for your whole life—from banking and loyalty...
Financial Services
Biden Restricts U.S. Investment in China
The executive order also requires U.S. private-equity and venture-capital firms to disclose certain investments in the country. Source link
Dates, Coffee and Camels—Saudi Arabia’s Sovereign-Wealth Fund Bets Big at Home
After pumping tens of billions of dollars into global investments, the $700 billion Public Investment Fund is accelerating spending at...
Paramount to Sell Simon & Schuster to KKR for $1.62 Billion
The sale of the book publisher to the buyout firm comes less than a year after previous deal with Penguin...
Pratt & Whitney Engine Problems Lead Some Airlines to Reduce Flights
The aerospace and defense company RTX’s bet on single-aisle jetliners has run into quality and durability concerns. Source link
Bank of England Raises Key Interest Rate by Quarter Percentage Point
The central bank increased its key rate for the 14th time in a row and said it may do so...
Crypto Rules Delay Puts Billions in Tax Revenue at Risk
Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law. Source...
Why the Drivers of Lower Inflation Matter
Competing effects of central banks, healing supply chains affect recession odds. Source link
Bank of Japan Hints It Will Accept Higher Rates, Lifting Bond Yields
The central bank calls cap on government bond yields a reference point, not a rigid limit. Source link
U.S. Economic Growth Accelerates, Defying Slowdown Expectations
The economy expanded at a 2.4% annual rate in the second quarter, remaining well clear of a recession despite higher...
GE Brings Good Things (Its Shares) Back to Life
The manufacturer cited strong orders for jet engines and wind turbines, sending its shares up another 6%. Source link
Google, McDonald’s, Exxon Headline Busy Earnings Week
A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. Source link
The Man Charged With Steering the Yuan Through China’s Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link
Your Smartphone Can Have Two Lines. Here’s Why You’d Want That.
Add a second plan for work, international travel—or just better cell reception Source link
China’s Ant Group Slapped With Nearly $1 Billion Fine
Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer...
FDA Approves Leqembi, Extending Alzheimer’s Treatment to More Patients
Medicare enrollees can get the anti-amyloid treatment as a result of the agency’s full approval. Source link
WSJ News Exclusive | FTX Begins Talks on Reboot Amid Regulatory Crackdown on Crypto Exchanges
The failed crypto company is in initial discussions with investors about relaunching its international exchange. Source link
WSJ News Exclusive | Scammers Target Stores With Bomb Threats, Seeking Bitcoin and Gift Cards
Kroger, Walmart and other retailers report anonymous threats, prompting law-enforcement investigations. Source link
WSJ News Exclusive | Janet Yellen Sees Bank Earnings Pressure, Mergers After March Crisis
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WSJ News Exclusive | Carlyle Names John Redett as Chief Financial Officer
The move is the first major appointment by the private-equity firm’s new chief executive officer, Harvey Schwartz. Source link
