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Wall Street Journal

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Sat, May 23 Today
Breaking economics

Kevin Warsh sworn in as Fed Chair, signals hawkish stance and crypto support

Kevin Warsh was sworn in today as the new Federal Reserve Chair, inheriting inflation concerns and a large balance sheet. His hawkish stance and pro-crypto views suggest potential shifts in monetary policy and regulation.

· 1m ago
Breaking world

U.S. Strikes Iran Missile Sites as Talks on Hormuz Reopening Advance

The U.S. launched airstrikes on Iranian missile sites as negotiations to reopen the Strait of Hormuz progress, despite ongoing tensions. This signals a complex balance of diplomacy and military priorities that could influence regional stability.

· 1m ago
Breaking business

Elon Musk's Lawsuit Against OpenAI Dismissed Over Late Filing, Musk Plans to Appeal

Elon Musk's lawsuit against OpenAI was dismissed due to procedural issues, with Musk planning an appeal. The case's outcome impacts perceptions of OpenAI's leadership and Musk's influence in AI industry disputes.

· 8m ago

AOC Jokes About Trump Staying on Golf Course Amid Iran Briefing Dispute

Democratic Congresswoman Alexandria Ocasio-Cortez humorously proposed that President Trump spend more time on the golf course rather than less, implying it could be beneficial amid reports of his absence from an Iran briefing. Her comments highlight concerns about his temperament and decision-making in national security matters.

· 45d ago

McDonald's rolls out 'dirty sodas' and refreshers across all U.S. locations

McDonald's is expanding its beverage menu with 'dirty sodas' and refreshers across the U.S., aiming to attract younger customers and boost sales. The rollout signals a major shift in its strategy to compete in the growing specialty drink market.

· 52d ago

Controversy Mounts Over Trump's Surgeon General Nominee Casey Means Amid Vaccine Safety Concerns

Senator questions and public scrutiny heighten over Casey Means's nomination as Surgeon General, focusing on vaccine safety and transparency issues. The hearing exposed divisions over her views and background, leaving her confirmation uncertain.

· 53d ago

US Authorities Investigate Binance for Iran Links and $1.7B Sanctions Violations

US authorities are probing Binance over alleged sanctions violations and funding of Iranian entities, with investigations hinting at over $1 billion flowing to Iran. This scrutiny comes amidst broader concerns about compliance and geopolitical tensions involving cryptocurrency.

· 54d ago

Trump's European Ambassadors Spark Tensions with Rude and Focused Diplomacy

Multiple articles highlight how U.S. ambassadors in Europe, focused solely on Donald Trump, are engaging in undiplomatic and disruptive behavior. These actions are causing diplomatic tensions and concern over the future of U.S.-European relations, especially amid ongoing political shifts.

· 54d ago

Live Nation Settles US Antitrust Lawsuit, Promises Ticket Price Changes and Fee Caps

Major concert promoter Live Nation has settled a U.S. antitrust lawsuit, agreeing to adjust ticket prices and fees following revelations of internal overcharges. The case exposes industry-wide issues and could prompt reforms in ticketing practices and regulatory oversight.

· 57d ago

Trump Administration Set to Receive $10 Billion from TikTok US Deal Investors

The Trump administration arranged for TikTok US investors to pay a $10 billion fee to the U.S. Treasury. This unprecedented payment has triggered calls for investigations amid concerns over governmental ethics and Chinese tech influence.

· 58d ago

Jeff Bezos Pursues $100B AI Fund, Amazon Acquires Swiss Robot Maker Rivr

Jeff Bezos is raising $100 billion to acquire and AI-automate manufacturing companies, expanding into sectors like aerospace. Amazon also acquired Swiss robotics startup Rivr to deploy delivery robots, marking a concrete step in automating logistics and manufacturing.

· 58d ago

OpenAI and Anthropic Disclose Operating Losses and High Costs, Expect Profits by 2030

OpenAI and Anthropic have revealed they are currently unprofitable, citing high AI training costs and ongoing investments. They project reaching profitability by 2030, amid massive industry expenses and increasing demand for AI technology.

· 60d ago

Wall Street Bonuses Hit $49.2B in 2025 Despite Inflation, Outlook Dims for 2026

Wall Street awarded a record $49.2 billion in bonuses in 2025 amid a 30% profit jump. Despite the nominal record, inflation-adjusted bonuses remain below 2006 levels, and the 2026 outlook looks uncertain due to economic risks.

· 71d ago

Institutions Boost Bitcoin ETFs as Retail Investors Flock to Gold, China Grows Reserves

Retail investors have surged into gold funds, driving demand to record highs, while institutions show renewed interest in Bitcoin ETFs. China adds to its gold reserves for the 16th month, reflecting diverging investor behavior and ongoing market volatility.

· 78d ago

Consumer Reports Reveals Vehicles with Lowest and Highest Hidden Destination Fees

Consumer Reports has identified the top five vehicles with the lowest hidden destination charges and those with the highest. The list shows notable price disparities, especially with luxury models. This insight helps consumers avoid unexpected costs when purchasing a vehicle.

· 82d ago

Trump's Shoe-Gifting Spree Sparks Confusion and Inner Circle Tensions

Trump is reported to be giving Florsheim shoes to White House officials and visitors, causing surprise and some discomfort among his aides. Recent reports suggest this has led to tensions within his inner circle, highlighting his unique approach to leadership and symbolism.

· 86d ago

Trump Sons Invest in Drone Firm Powerus Amid U.S. Defense Expansion

Eric and Donald Trump Jr. invest in the drone company Powerus amid growing U.S. defense drone spending. The Trump-linked golf firm is merging with Powerus to go public, signaling strategic business moves amidst evolving defense policies.

· 86d ago

Pixar’s Pete Docter Explains LGBTQ Storyline Cuts in ‘Elio’

Pixar's Pete Docter revealed that the LGBTQ storyline was removed from ‘Elio’ to focus on entertainment rather than therapy. This decision underscores the ongoing tension between representation and commercial goals in animated films.

· 90d ago

FDA Faces Leadership Shakeup as Vaccine Chief and Top Official Depart

Two key departures from the FDA suggest leadership instability amid ongoing vaccination debates. The ousting of the vaccine chief and Vinay Prasad's resignation may impact future health policies and vaccine regulation.

· 90d ago

UAE Discusses Freezing Iranian Assets Amid Rising Middle East Tensions

The UAE is contemplating the freezing of Iranian assets amid escalating tensions in the Middle East, as reported by CNBC Economy and Middle East Eye. The potential move reflects increasing regional conflicts that could have broad economic consequences.

· 90d ago