WSJ (6do encyclopedia)

The Wall Street Journal (WSJ) is an American business-focused, English-language daily newspaper published in New York City. The newspaper was first founded in 1889 by Charles H. Dow, Edward Jones, and Charles Bergstresser. The WSJ is currently owned by News Corp, which is controlled by Rupert Murdoch, and has been ranked as the most trusted news source in the United States for two years in a row by the Reuters Institute Digital News Report.

Over the years, The Wall Street Journal has become a staple of business news in the United States. Its coverage includes domestic and international news, financial news and analysis, political news, and general business news. The newspaper has also expanded into digital and mobile platform, offering readers an online version of their daily paper, as well as mobile applications for smartphones and tablets.

The WSJ has a reputation for providing well-researched and in-depth coverage of the business world. The newspaper is known for its strong focus on the stock market and its analysis of global economic trends. This has made it an essential resource for investors, financial professionals, and business leaders alike.

In addition to its daily news coverage, the WSJ also has several sections dedicated to specific topics. For example, the “MarketWatch” section covers the stock market and offers financial advice to readers. The “Life & Arts” section explores lifestyle tips and current trends in culture and entertainment.

The WSJ’s editorial page is also well-known for its conservative views. The newspaper is often critical of government regulations and has been a vocal supporter of free markets and minimal government intervention in the economy. The newspaper has also been criticized for its skepticism of climate change and its support of conservative social policies.

Despite its reputation as a conservative news source, the WSJ claims to maintain a neutral stance in its news coverage. The newspaper’s editors and writers insist that they are committed to providing balanced and impartial news coverage. However, critics argue that the newspaper’s editorial stance can influence its reporting on certain issues.

Despite its controversial reputation, The Wall Street Journal remains an integral part of the American media landscape. Its focus on business and economics, together with its wide readership and influence, make it a powerful force in shaping public opinion and driving economic debate in the United States and beyond.


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The Evening: Turkey Runoff, Thailand Stunner, Cornell ’23, and More

CSIS

23-05-16 13:48


Turkish President Recep Tayyip Erdogan failed to win a first-round vote, meaning that the election will go to a run-off. Erdogan received 49.5% of the vote while his rival Muharrem Ince, of the Republican People’s Party, received 44.5%. It is the closest result in decades for Turkey’s political fortunes. The vote demonstrated that Erdogan retains a great deal of support in Turkey, despite allegations of corruption and efforts by opposition parties to rally support against his leadership.

https://www.csis.org/analysis/evening-turkey-runoff-thailand-stunner-cornell-23-and-more
The immobile market

Financial Times

23-05-18 09:20


Western Alliance Bancorporation’s announcement that its deposit levels are continuing to recover has sparked a rally in bank shares. While regional bank indices remain down 25% since March, it is believed that the banking crisis is now in its acute phase, at the very least. Meanwhile, volatility is missing in the markets, with the S&P 500 where it was 45 days ago. The lack of significant price movement of late is down to four counteractive forces, according to Citi trading strategist Stuart Kaiser. On the one hand, funds have offloaded risk and investors are sitting on a lot of cash. Other investors have bought protection and systematic funds which buy when volatility is low are entering the market. However, these are countered by reasons including the fact that equities need more upside now than before, stock valuations are less than desirable and that risks to growth and corporate earning are ever-present.

https://www.ft.com/content/81a2cf17-360c-4aca-a524-8672e6e6786f
Disney Inflicts a Blow to DeSantis Ahead of His Presidential Run

NY Times

23-05-19 12:12


Florida Governor Ron DeSantis is going to be a presidential candidate for the US Republican Party and will formally announce his campaign against Donald Trump next week. DeSantis is confident, with strong financial support and more $80m expected to be transferred from his state account to his Super PAC, which has already raised more than $30m, focusing on his legislative accomplishments. However, he was dealt another blow this week after Disney scrapped plans to build a $1bn office complex in Orlando that was expected to bring more than 2,000 jobs with an average salary of $120,000. Sources say Disney’s feud with Mr. DeSantis, which had escalated into a bitter fight over control of the entity that oversees Disney World, played a major factor. The Fox News commentator Dagen McDowell said on Thursday, “Ron DeSantis does not have an economic plan as of yet, and today Disney just pulled a $1 billion investment out of Florida.”

https://www.nytimes.com/2023/05/19/business/dealbook/disney-desantis-presidential-campaign.html?searchResultPosition=2
Jeffrey Epstein ‘threatened to expose Bill Gates’s affair’

The Independent

23-05-22 13:53


Microsoft Co-founder, Bill Gates, was reportedly blackmailed and threatened with the publication of a supposed affair with a Russian bridge player by convicted sex trafficker Jeffrey Epstein. Epstein demanded Mr Gates reimburse him for tuition costs Epstein had initially covered for the woman to attend a software coding school. The WSJ claimed that Epstein blackmailed Mr Gates in the form of an email in 2017 after he failed to convince the philanthropist to join a multibillion-dollar charity fund that he tried to set up with JPMorgan Chase. The claim backs up existing rumours that Epstein was extorting his network. Mr Gates reportedly met Mila Antonova around 2010 when she was attempting to secure funds for an online bridge tutorial that Epstein did not invest in. A spokesperson for the Gates Foundation said, “having failed repeatedly to draw Mr Gates beyond these matters, Epstein tried unsuccessfully to leverage a past relationship to threaten Mr Gates”.

https://www.independent.co.uk/news/world/americas/bill-gates-affair-jeffrey-epstein-report-b2343172.html
JPMorgan May Face New Questions About Succession

NY Times

23-05-22 12:01


JPMorgan's CEO, Jamie Dimon, will discuss the bank's future growth plans at its investor day conference on Monday. Although the bank has had a strong year, becoming one of the US's largest deposit holders with over 4,800 branches, the bank must try and maintain its momentum heading forward. Mr. Dimon is not expected to step down in the near future, but potential successors include Marianne Lake and Jennifer Piepszak. Nevertheless, shareholders may ask about Anglo-Irish investigation JPMorgan is embroiled in over its ties to Jeffrey Epstein and a failed $175m acquisition of fintech startup Frank. They could also ask about JPMorgan being barred from buying more lenders after angering Washington with its purchase of First Republic.

https://www.nytimes.com/2023/05/22/business/dealbook/jpmorgan-dimon-succession.html?searchResultPosition=1