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Economics at wsj.com

Today News

03

Gold Edges Higher Ahead of Key U.S. Economic Data

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Gold edged higher in the early morning Asian session as traders await for U.S. PCE data due out Friday to monitor for further clues on the Fed’s monetary-policy trajectory.

Oil Edges Lower as Ebbing Supply-Disruption Risks Weigh

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Oil edged lower, weighed by ebbing risks of supply disruption in the Middle East.

SK Hynix Returns to Net Profit After Five-Quarter Losing Streak

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The company is gaining from the artificial-intelligence boom that has boosted demand for more advanced and high-end memory chips.

02

Nikkei Down 1.2%, Dragged by Electronics, Machinery Stocks

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Japanese stocks were lower, dragged by falls in electronics and machinery stocks, as uncertainty continues about the Fed’s policy outlook and tensions in the Middle East.

01

Crypto Mixer Samourai Wallet's Co-founders Arrested for Money Laundering

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U.S. prosecutors on Wednesday targeted another so-called cryptocurrency mixer, accusing the two co-founders of Samourai Wallet of money laundering and of operating an unlicensed money-transmitting business.

Meta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race

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Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs.

Wednesday, Apr 24

00

On Presidential Immunity (Trump Included)

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The Supreme Court must consider the Presidency, not merely the fate of one former President.

Health Care Roundup: Market Talk

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Find insight on Sanofi, Roche, Fisher & Paykel, and more in the latest Market Talks covering the Health Care sector.

Energy & Utilities Roundup: Market Talk

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Gain insight on Enel, Eni, Iberdrola, and more in the latest Market Talks covering Energy and Utilities.

Financial Services Roundup: Market Talk

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Gain insight on European banks, Abrdn, Hong Kong Exchanges & Clearing, and more in the latest Market Talks covering Financial Services.

23

Business Groups Race to Block FTC's Ban on Noncompete Agreements

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The U.S. Chamber of Commerce and a national tax-services firm filed lawsuits against the Federal Trade Commission.

Basic Materials Roundup: Market Talk

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Gain insight on SPDR Gold, North American freight-railroad traffic, First Quantum, and more in the latest Market Talks covering Basic Materials.

How TikTok Rivals Stand to Benefit From U.S. Ban

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Billions of dollars in ad revenue—and many highly engaged users—hang in the balance after President Biden signed a bill forcing app sale.

Auto & Transport Roundup: Market Talk

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Gain insight on Canadian National Railway, Canadian Pacific Kansas City, North American freight-railroad traffic, and more in the latest Market Talks covering the Auto and Transport sector.

Tesla's Big Rally Drives the Nasdaq Higher

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U.S. stocks have rebounded in recent days, after notching their worst week in more than a year.

IBM to Buy HashiCorp in $6.4 Billion Deal

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IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp’s roster of some 4,400 clients.

Why Do 20-Somethings Love Signet Rings Now? 'It's Not About Being Snobby.'

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Once marked by a certain elitism, signet rings now come in both classic and more irreverent, even decidedly zany versions. ‘We are now empowered to choose the symbols that represent us for ourselves.’

22

U.S. Natural Gas Futures Sink on Storage Concerns

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U.S. natural gas futures posted their sharpest one-day decline since mid-January, with May hitting a new contract low amid prospects of an increase in already hefty excess storage.

McKinsey Under Criminal Investigation Over Opioid-Related Consulting

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Justice Department is investigating the consulting firm’s advice to manufacturers of OxyContin and other opioid products.

21

Blackstone to Buy Franchiser Tropical Smoothie Cafe

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The deal values the smoothie chain at around $2 billion, including debt.

Biden Administration Requires Airlines to Give Automatic Refunds for Canceled Flights

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The Biden administration will require airlines to automatically provide cash refunds when flights are canceled and to disclose fees like checked bag costs earlier in the booking process under two new rules.

Biden Administration Targets Airfare Refunds, Baggage Fee Disclosure

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Airlines automatically will need to provide cash refunds when flights are canceled and disclose fees like checked bag costs earlier in the booking process. Current rules hadn’t made it clear what the government considers a “significant”…

Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say

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Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of…

20

Comex Gold, Silver Settle Lower

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Gold settled 0.1% lower, down for three consecutive sessions, and silver edged down, falling two of the past three sessions.

19

What Banning TikTok in the U.S. Would Look Like

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The U.S. isn’t the first country to attempt a ban on TikTok, the Chinese-owned app used by millions of Americans daily. WSJ breaks down TikTok bans and how they work in practice.

Tech, Media & Telecom Roundup: Market Talk

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Find insights on Airbnb, CoStar Group, Rogers Communications, and more in the latest Market Talks covering Technology, Media and Telecom.

Michelin Backs Targets After Weaker Demand Hurts Sales

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Sales for the French tire manufacturer fell to €6.64 billion from €6.96 billion in the first quarter of last year.

Main Street Banking Model Is Being Squeezed

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First-quarter results at regional banks show the uneven toll of higher interest rates.

18

Noncompete Clauses: What They Are and What to Know Before Signing an Agreement

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The FTC has issued a plan to ban noncompete clauses. Here’s what you need to know about them—and what to keep in mind before signing an agreement.

Days Ahead of Xi's Visit, EU Investigations Add to Pressure on Strained China Relations

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The EU has launched two new probes into allegations of unfair Chinese business practices, days ahead of a visit from Chinese President Xi Jinping.