Disney Slashed Ad Spending on Facebook Amid Growing Boycott

By |2020-07-18T21:28:25+00:00July 18th, 2020|Uncategorized|

Walt Disney Co. has dramatically slashed its advertising spending on Facebook Inc., according to people familiar with the situation, the latest setback for the tech giant as it faces a boycott from companies upset with its handling of hate speech and divisive content. Disney was Facebook’s top U.S. advertiser for the first six months of…

Career Reboot: She Followed Her Heart Into Data Analytics

By |2020-07-18T17:27:43+00:00July 18th, 2020|Uncategorized|

Martha Jones once had her heart set on a law career. “I thought I wanted to go to law school post-undergrad, but I wanted to get some experience working,” said the 27-year-old. After graduating from Temple University in Philadelphia, she moved to Washington, D.C., and worked first as a legal aide, then as a recruiter…

Face Masks Really Do Matter. The Scientific Evidence Is Growing

By |2020-07-18T15:26:48+00:00July 18th, 2020|Uncategorized|

Face masks are emerging as one of the most powerful weapons to fight the novel coronavirus, with growing evidence that facial coverings help prevent transmission—even if an infected wearer is in close contact with others. Robert Redfield, director of the Centers for Disease Control and Prevention, said he believes the pandemic could be brought under…

Tens of Thousands March in Russia’s Far East, Defying Kremlin

By |2020-07-18T13:27:01+00:00July 18th, 2020|Uncategorized|

MOSCOW—Tens of thousands of people in Russia’s Far East marched in protests triggered by the arrest of a popular regional governor, but that have since morphed into a wave of growing dissatisfaction over social issues and the rule of President Vladimir Putin. Saturday’s demonstrations marked the eighth consecutive day of public actions since the July…

Depleted Trump Economic Team Faces Major Test Over Extending Coronavirus Relief Efforts

By |2020-07-18T13:27:00+00:00July 18th, 2020|Uncategorized|

The White House’s freewheeling approach to policy-making faces a key test next week as negotiations begin with Congress over extending emergency economic relief measures during the coronavirus pandemic. The stakes are high. Economists say the next aid package will be critical in shaping the pace of recovery from the biggest economic crisis since the Great…

Firms With Troubled Pasts Got Millions of Dollars in PPP Small-Business Aid

By |2020-07-18T11:26:48+00:00July 18th, 2020|Uncategorized|

Last November, a federal judge ordered an asset freeze against a California company that the Federal Trade Commission accused of pretending to be working with the Education Department and promising student-loan debt relief that never materialized. Six months later, the company, Arete Financial Group, got a lifeline from the federal government’s Paycheck Protection Program. Arete,…

What Banks Tell Us About Covid-Era Business: ‘Everybody Is, Bluntly, Struggling’

By |2020-07-18T11:26:47+00:00July 18th, 2020|Uncategorized|

Big banks expect the coronavirus recession to cut a wide swath through corporate America. When they reported second-quarter earnings this past week, big U.S. lenders said they don’t expect the U.S. economy to pull out of its slump soon. A protracted downturn, bank executives said, bodes poorly for all manner of American businesses, even those…

Twitter Says Hackers Downloaded Some Users’ Personal Data in Recent Attack

By |2020-07-18T07:27:09+00:00July 18th, 2020|Uncategorized|

Twitter Inc. said the hackers behind this week’s attack on its systems and high-profile users walked away with some personal information, indicating that the perpetrators carried out more than a cryptocurrency-related scam. In its fullest accounting so far of the hack, Twitter said late Friday the attackers targeted 130 accounts and reset passwords on 45…

The Next Phase of the Retail Apocalypse: Stores Reborn as E-Commerce Warehouses

By |2020-07-18T05:27:42+00:00July 18th, 2020|Uncategorized|

When Litisha Thomas heard through the gossip mill that the shuttered Sam’s Club where she’d worked for 11 years might be reopening in her rural North Carolina hamlet, she immediately jumped on an internet job board to see if it was hiring. It was, but this wasn’t a conventional reopening. Sam’s Club, the discount shopping…

The Dimming of GE’s Bold Digital Dreams

By |2020-07-18T05:27:41+00:00July 18th, 2020|Uncategorized|

In early 2014, the High-Impact Innovation Team in General Electric Co.’s Connecticut headquarters received an urgent call: It was time to present one of their apps to Jeff Immelt. The chief executive had an expanding interest in tech, having promised an “industrial internet” that GE would help build for the world. It was the job…

Hospitals Appeal Decision Upholding Disclosure of Rates Negotiated With Insurers

By |2020-07-18T03:27:17+00:00July 18th, 2020|Uncategorized|

The American Hospital Association on Friday appealed a decision upholding a Trump administration rule that requires hospitals disclose the rates they negotiate with insurance companies that aren’t made public. The trade group argued the rule goes against congressional intent and is based on an unlawful interpretation of federal law, according to its filing with the…

In Portland, Protests Continue and Federal Agents Arrive, Raising Tensions

By |2020-07-17T23:26:53+00:00July 17th, 2020|Uncategorized|

PORTLAND, Ore.—On the 47th consecutive day of protests in this city, more than 200 people marched across the Morrison Bridge into the center of downtown to hear a speech by a Black woman who said her son had been killed by police. Most left after the event ended at dusk on Tuesday, but a couple…

FTC Considering Deposing Top Facebook Executives in Antitrust Probe

By |2020-07-17T23:26:52+00:00July 17th, 2020|Uncategorized|

The Federal Trade Commission is considering taking sworn testimony from Facebook Inc. Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg as part of its investigation into whether the social-media giant has violated U.S. antitrust laws, according to people familiar with the matter. Top Facebook officials are preparing for potential depositions and some are…

CVS Covid-19 Test Results Are Taking Longer Than Customers Have Been Told

By |2020-07-17T19:27:39+00:00July 17th, 2020|Uncategorized|

As coronavirus cases surge across the U.S., wait times for many people tested by pharmacy chain CVS Health Corp. are stretching longer than they were told to expect. CVS, the biggest retail-chain conductor of Covid-19 tests in the U.S., on Monday instructed some employees administering tests to tell customers that it typically takes five to…

Trump Administration Weighs Troop Cut in South Korea

By |2020-07-17T17:27:49+00:00July 17th, 2020|Uncategorized|

The Pentagon has presented the White House with options to reduce the American military presence in South Korea as the two countries remain at odds over President Trump’s demand that Seoul greatly increase how much it pays for the U.S. troops stationed in the country, U.S. officials said. The Pentagon’s Joint Staff has reviewed the…

A Spymaster Ran Off, and Saudis Say Billions Went Missing. They Want Him Back.

By |2020-07-17T17:27:48+00:00July 17th, 2020|Uncategorized|

Saad al Jabri was America’s closest antiterrorism contact in the Arab world for more than 15 years, beginning after the 9/11 attacks. The Saudi spymaster had informants, access to billions of government dollars, close relationships with key members of the royal family and an ability to get things done that Americans found rare among their…

Traveling During the Pandemic Is Possible. But Can You Do It Safely?

By |2020-07-17T15:27:56+00:00July 17th, 2020|Uncategorized|

Now Playing 7/17/2020 7:19AM      In many places around the world, holiday travel is permitted again. So how do you travel safely if you want to go on vacation this summer? WSJ’s George Downs takes a weekend trip to find out. Photo composite: George Downs Up Next Editor Picks Shelf 5:21 South Korea’s Key Weapon to…

The Making of A College-Admissions Con Man

By |2020-07-17T15:27:55+00:00July 17th, 2020|Uncategorized|

By Jennifer Levitz and Melissa Korn July 17, 2020 11:02 am ET Seventeen years before he pleaded guilty to running the nationwide college-admissions cheating scheme exposed by federal authorities last year in Operation Varsity Blues, William “Rick” Singer made a strong impression in Omaha, Neb., where he showed how far he was willing to go…

Traveling During the Pandemic Is Possible. But Can You Do It Safely?

By |2020-07-17T13:27:09+00:00July 17th, 2020|Uncategorized|

Now Playing 7/17/2020 7:19AM      In many places around the world, holiday travel is permitted again. So how do you travel safely if you want to go on vacation this summer? WSJ’s George Downs takes a weekend trip to find out. Photo composite: George Downs Up Next Editor Picks Shelf 5:21 South Korea’s Key Weapon to…

Co-CEOs Are Out of Style. Why Is Netflix Resurrecting the Management Model?

By |2020-07-17T13:27:08+00:00July 17th, 2020|Uncategorized|

Netflix Inc.’s decision to elevate the company’s chief content officer to co-chief executive, sharing the power and the spotlight with co-founder Reed Hastings, highlights a relatively rare management arrangement: dual chief executives. In the S&P 500, few companies have co-CEO arrangements, and a number have recently abandoned the structure, slimming down to a lone executive…

China’s Plan to Conquer the Moon, Mars and More

By |2020-07-17T11:27:25+00:00July 17th, 2020|Uncategorized|

This summer, the planets favorably align for spacecraft to reach Mars with the least amount of fuel. China is among the countries undertaking the mission while working on bigger ambitions that could challenge the U.S.’s leadership in space. ...

BlackRock’s Profit Jumps on ETF, Technology Services

By |2020-07-17T11:27:24+00:00July 17th, 2020|Uncategorized|

Money management giant BlackRock Inc.’s quarterly profit rose 21% as investors leaned on its bond funds to make new bets in volatile markets roiled by the coronavirus pandemic. The investment firm posted second-quarter profit of $1.2 billion, or $7.85 a share, up from the year-prior period of $1 billion, or $6.41 a share. Its revenue rose…

U.S. Coronavirus Cases Hit New Daily Record as Officials Squabble Over Mask-Wearing

By |2020-07-17T09:26:42+00:00July 17th, 2020|Uncategorized|

Confirmed cases of coronavirus infections in the U.S. neared 3.6 million, as the country posted a single-day record of more than 77,000 new cases on Thursday, while surges elsewhere took the pandemic to new heights around the world. In some American states, officials continue to clash over requiring residents to wear masks to curb the…

Real Madrid Win La Liga in the Most Un-Real Madrid Way

By |2020-07-17T07:27:04+00:00July 17th, 2020|Uncategorized|

The strangest thing about the moment Real Madrid clinched its 34th Spanish league title on Thursday wasn’t the computer-generated fans in the stands or the made-for-television crowd noise. The strangest thing was that Real Madrid clinched the title at all. Nothing about this season pointed toward a championship when it began. Manager Zinedine Zidane had…

California Finds PG&E Responsible for Wine Country Fire

By |2020-07-17T04:28:24+00:00July 17th, 2020|Uncategorized|

California investigators have concluded that a PG&E Corp. transmission line set off a wildfire that charred Sonoma County wine country last fall, even as the utility was cutting off power to millions to reduce the risk that it would spark fires. The California Department of Forestry and Fire Protection said Thursday it had determined that…

Closer Than Ever: Solar Orbiter’s First Views of the Sun

By |2020-07-17T04:28:23+00:00July 17th, 2020|Uncategorized|

The European Space Agency’s Solar Orbiter is approaching closer to the sun than any other solar telescope has ever been before. This is allowing scientists to get the most detailed close-ups yet of the central star in our solar system that makes all life possible. Scientists on Thursday released a series of new images that…

Closer Than Ever: Solar Orbiter’s First Views of the Sun

By |2020-07-17T00:27:10+00:00July 17th, 2020|Uncategorized|

The European Space Agency’s Solar Orbiter is approaching closer to the sun than any other solar telescope has ever been before. This is allowing scientists to get the most detailed close-ups yet of the central star in our solar system that makes all life possible. Scientists on Thursday released a series of new images that…

State Department Says Students From Europe Are Exempt From Coronavirus Travel Ban

By |2020-07-17T00:27:09+00:00July 17th, 2020|Uncategorized|

WASHINGTON—Foreign students coming from Europe, along with some au pairs and family members of visa holders in the U.S., are exempt from the Trump administration’s various travel bans imposed during the coronavirus pandemic, according to a memo the State Department sent to Congress on Thursday....

Netflix Names Ted Sarandos Co-CEO, Adds 10 Million Subscribers

By |2020-07-16T22:27:15+00:00July 16th, 2020|Uncategorized|

Netflix Inc. continued to be a beneficiary of the shelter-in-place world with the streaming giant beating its forecast for new subscribers as it named programming chief Ted Sarandos co-chief executive. The company on Thursday reported 10.1 million net new subscribers, a gain that surpassed the 7.5 million Netflix had projected for the second quarter earlier…

GOP Senators Move Ahead With Coronavirus Liability Plan

By |2020-07-16T22:27:14+00:00July 16th, 2020|Uncategorized|

WASHINGTON—Top Senate Republicans are pushing to give federal courts jurisdiction over personal injury and medical liability claims stemming from the coronavirus pandemic as part of a temporary set of legal protections for businesses, schools and other organizations. Senate Majority Leader Mitch McConnell (R., Ky.) and Sen. John Cornyn (R., Texas) crafted the measure ahead of…

East Coasters are Snapping Up Vacation Homes Amid Coronavirus

By |2020-07-16T18:26:47+00:00July 16th, 2020|Uncategorized|

When Covid-19 struck New York City in March, Jessica and Matthew Perkal were among the many Manhattan residents who decided to wait out the pandemic in a more rural setting. Ms. Perkal, who is pregnant with the couple’s second child, and her husband left their West Village apartment for Kiawah, a South Carolina barrier island…

Trump Administration Discussing Travel Ban on China’s Communist Party Members

By |2020-07-16T16:27:07+00:00July 16th, 2020|Uncategorized|

WASHINGTON—Senior Trump administration officials are discussing banning travel to the U.S. by members of China’s Communist Party and their families, according to people familiar with the matter, a move that would further heighten tensions between Washington and Beijing. Discussions over the potential visa ban are in early stages, with no timeline for putting it into…

China’s Epic Property Boom Doesn’t Stop for Covid Pandemic

By |2020-07-16T16:27:06+00:00July 16th, 2020|Uncategorized|

Even the coronavirus hasn’t stopped the world’s biggest asset bubble from getting bigger. After a brief pause during coronavirus lockdowns in February, a Chinese property boom in some megacities that many thought was unsustainable has resumed its relentless upward climb, with prices rising higher and investors chasing deals despite millions of job losses and other…

China’s Epic Property Boom Doesn’t Stop for Covid Pandemic

By |2020-07-16T14:27:20+00:00July 16th, 2020|Uncategorized|

Even the coronavirus hasn’t stopped the world’s biggest asset bubble from getting bigger. After a brief pause during coronavirus lockdowns in February, a Chinese property boom in some megacities that many thought was unsustainable has resumed its relentless upward climb, with prices rising higher and investors chasing deals despite millions of job losses and other…

30-Year Mortgage Rate Reaches Lowest Level Ever: 2.98%

By |2020-07-16T14:27:19+00:00July 16th, 2020|Uncategorized|

In a year of financial firsts, this one stands out: Mortgage rates have fallen below the 3% mark. The average rate on a 30-year fixed mortgage fell to 2.98%, mortgage-finance giant Freddie Mac said Thursday, its lowest level in almost 50 years of record keeping. It is the third consecutive week and the seventh time…

China’s Economy Appears Back on Track, but Challenges Remain

By |2020-07-16T12:27:33+00:00July 16th, 2020|Uncategorized|

BEIJING—China reported a robust rebound in the second quarter of the year, avoiding a recession and putting the world’s second-largest economy back on a growth trajectory even as other countries struggle with the impact of the coronavirus pandemic. The question now is whether China has seen the best of the recovery, as Beijing faces a…

Despite Calls to Defund the Police, Some Cities Are Spending More

By |2020-07-16T12:27:32+00:00July 16th, 2020|Uncategorized|

Amid a nationwide push by activist groups including Black Lives Matter to cut police budgets and redirect the money toward minority communities, some of America’s biggest cities are doing the opposite. Houston, Phoenix and San Diego—the fourth-, fifth- and seventh-biggest cities in the U.S. by population—have all increased their police forces’ funding in budgets passed…

Store Reopenings Likely Boosted June Sales, but Virus Threatens Future Gains

By |2020-07-16T10:27:06+00:00July 16th, 2020|Uncategorized|

June store and restaurant reopenings likely pushed up U.S. retail sales for the second month in a row, though a recent surge in coronavirus cases could damp consumer spending as some states reinstate restrictions to combat the pandemic. Commerce Department data to be released Thursday are expected to show a strong pickup in sales—up 5.2%…

In Texas, a Doctor Fights the Surge and Gets Covid-19; ‘I Cry Every Day’

By |2020-07-16T10:27:05+00:00July 16th, 2020|Uncategorized|

McALLEN, Texas—Dr. Ivan Melendez was walking quickly, his eyes fixed on his phone, on his second day back at work as the public health authority for South Texas’s Hidalgo County after recovering from Covid-19. He was watching a video sent to him by his patient’s son, telling his mother, who was hospitalized with Covid, that…

Supreme Court Clears the Way for Second Federal Execution This Week

By |2020-07-16T08:27:59+00:00July 16th, 2020|Uncategorized|

WASHINGTON—The Supreme Court approved Trump administration plans to execute a second inmate this week, rejecting by a 5-4 vote claims that dementia had left Wesley Ira Purkey unable to comprehend the reason for his punishment, therefore rendering it unconstitutional. In a one-sentence order issued after 2 a.m. on Thursday, the court’s conservative majority lifted lower…

Chinese Markets Lead Global Stocks Lower

By |2020-07-16T06:27:18+00:00July 16th, 2020|Uncategorized|

International markets fell, after Chinese data showed pockets of weakness even as the world’s second-largest economy returned to growth. By early afternoon on Thursday in Hong Kong, the Hang Seng retreated 1.4%. The Shanghai Composite fell 2.1%, while Japan’s Nikkei 225 and Australia’s S&P/ASX 200 both lost about 0.8%. South Korea’s Kospi Composite was down…

China Is First Major Economy to Return to Growth Since Coronavirus Pandemic

By |2020-07-16T03:31:30+00:00July 16th, 2020|Uncategorized|

BEIJING—China has become the first major economy to return to growth since the coronavirus started sweeping across the world earlier this year. On Thursday, China said its economy grew 3.2% from a year earlier in the second quarter, as authorities benefited from an aggressive campaign to eradicate the virus within its borders. In sequential...

Hospitals in Covid-19 Hot Spots Are Filling Up

By |2020-07-16T01:29:33+00:00July 16th, 2020|Uncategorized|

As the pandemic pushes U.S. hospitals in the South and West near capacity, the urgent need for available beds has stranded patients in emergency rooms, scrambled ambulances and forced patients to relocate hundreds of miles to relieve overcrowded wards. In Arizona, hospitals are using a statewide transfer center to move 30 to 50 patients between…

Minneapolis Police Officer Quickly Drew Gun on Crying George Floyd

By |2020-07-15T23:28:26+00:00July 15th, 2020|Uncategorized|

MINNEAPOLIS—The Memorial Day encounter between George Floyd and police escalated quickly after one of the officers drew his weapon on a crying and increasingly flustered Mr. Floyd, according to police body camera footage made public for the first time Wednesday. The footage, taken from two officers charged in Mr. Floyd’s killing, also shows that the…

American Airlines Plans to Furlough Up to 25,000 Workers This Fall

By |2020-07-15T23:28:25+00:00July 15th, 2020|Uncategorized|

American Airlines Group Inc. told 25,000 workers that their jobs are at risk after federal aid expires Oct. 1, as air-travel demand falls again amid climbing coronavirus case numbers. The pandemic has caused a rout for air travel deeper and more persistent than almost anyone anticipated. Executives expect it could take years for travel demand…

Biden Expands Lead as Trump’s Approval Drops

By |2020-07-15T21:27:39+00:00July 15th, 2020|Uncategorized|

WASHINGTON—Former Vice President Joe Biden’s lead over President Trump reached double-digits this month as Mr. Trump’s approval rating declined amid widespread disagreement with his handling of the coronavirus pandemic, according to a new Wall Street Journal/NBC News poll. Less than four months before the November election, 51% of voters said they would vote for Mr.…

Alabama, Texas Results Show Power of Trump Endorsements

By |2020-07-15T18:29:36+00:00July 15th, 2020|Uncategorized|

President Trump showed the power of his endorsements in Republican runoffs in Alabama and Texas, ending a brief losing streak and demonstrating the strong pull he continues to have among GOP voters, even as his national approval numbers slide. Mr. Trump effectively ended the decadeslong political career of Jeff Sessions by endorsing his opponent, former…

Remote Learning Pushes America’s Most Vulnerable Students Further Behind

By |2020-07-15T16:27:04+00:00July 15th, 2020|Uncategorized|

JACKSON, Miss.—After schools shut down in March, LaKenya Bunton would get home around 7 a.m. from an overnight quality-control job at a factory, doze for a few hours, then become teacher to her 16-year-old son, Amarrius. Her son, a rising sophomore, had received no remote-learning materials from his school and didn’t hear from most of…

Walmart to Require Face Masks in All U.S. Stores Starting July 20

By |2020-07-15T16:27:03+00:00July 15th, 2020|Uncategorized|

Walmart Inc. will require customers to wear face coverings inside all of its U.S. Walmart and Sam’s Club stores starting July 20, becoming the largest company to impose restrictions amid a surge in coronavirus cases in several U.S. states. Walmart follows a handful of national chains—including Best Buy Co., Starbucks Corp. and Costco Wholesale Corp.—to…

Employees Feel Pressured as Bosses Order Them Back to Offices During Pandemic

By |2020-07-15T14:27:33+00:00July 15th, 2020|Uncategorized|

Employees of Phillips 66 got the message in mid-May. The Houston-based oil refiner couldn’t have a viable business if people didn’t return to their daily commutes, Chief Executive Greg Garland said in an internal video seen by The Wall Street Journal. Phillips 66 would have to do its part. “If we in the energy business…

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