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Several Big Brokerages Leave Customer Accounts Open to Theft, Senators Say17:43 Senators Ron Wyden and Elizabeth Warren, ranking Democrats on the Finance and Banking Committees, have urged regulators to require brokerages to provide stronger customer protections. Treasury Turns to Interventionist Tactics to Lower Interest Rates16:39 Treasury Secretary Scott Bessent is reinventing the government’s role in the world’s most important bond market. Trump Threat Puts Focus on Iran’s Trading Partners16:39 President Trump appeared to suggest that the United States would impose economic penalties on countries that do business with Iran, though he did not specify what actions he would take. Walmart Posts Slowest Sales Growth in Years as Americans Tighten Wallets15:03 Walmart and other big U.S. retailers have warned that consumers were being cautious, even if personal balance sheets seemed healthy. Did Bessent Put the Fed in a Bind?14:31 The Treasury Department’s plan for bond interventions have calmed markets. But Wall Street is worried about the fallout for inflation and more. Moderna’s Shift to Cancer Company Lifts Stock Up 177%11:18 The company’s fortunes cratered as demand for Covid-19 vaccines plummeted. But it was busy working on something else. Help! Lyft Charged Me $150 for Vomiting in a Car, but I Didn’t Do It.11:18 A passenger who said he had an uneventful ride home from the airport was shocked to be hit with a cleaning fee for a mess in what appeared to be a different vehicle. A Victory Lap for the Boss of the Pebble Beach Extravaganza11:18 The Concours d’Elegance, a showcase of some of the world’s finest cars held over the weekend, was a capstone to Sandra Button’s two decades of leading the organization that puts it on. ‘The Necessary Conversation’ Puts Family Political Arguments On Full Display11:18 “The Necessary Conversation,” a podcast and YouTube show, is a very public example of the political disputes families are having all across the country. Why Your Next Long-Haul Layover May Be in Seoul, Not Dubai11:18 The Iran war has slashed transit traffic at Middle Eastern airports, creating opportunities for hubs in Asia and beyond — at least for now. China Sentences Evergrande Founder to Life in Prison9:11 Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese economy. Trump, Who Has Amassed Enormous Wealth in Crypto, Hosts Industry Leaders0:08 President Trump called on Congress to pass a major cryptocurrency bill that would tilt regulation in the industry’s favor. Why Treasury Yields Are Rising, and What That Means for the Economy23:36 Interest rates on U.S. government bonds can affect everything from auto and student loans to mortgages. |
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