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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

WSJ.com: US Business

Musk's Planned Twitter Takeover Creates a 'Chaos Tax' for Employees

Fri, May 20, 2022

The deal has left employees bewildered about their jobs and how to keep operating a platform that its would-be owner has used to publicly assail the company....

Elon Musk Eyes Satellite Deal in Brazilian Amazon

Fri, May 20, 2022

The SpaceX chief pledged to connect thousands of schools to the internet and improve monitoring of the rainforest....

IRS Leaders Still Wait for Answers on Leaked Bezos, Musk Tax Data

Fri, May 20, 2022

Treasury Secretary Yellen, IRS Commissioner Rettig and lawmakers say they want findings from investigations, and have so far received none....

The Market Is Melting Down and People Are Feeling It. 'My Stomach Is Churning All Day'

Sat, May 21, 2022

Many are watching the investments they meant for down payments, tuition or retirement shrink day after day....

Old Navy Made Clothing Sizes for Everyone. It Backfired.

Fri, May 20, 2022

The clothing brand’s push for inclusivity left it with a shortage of middle sizes. “It’s super-frustrating.”...

Who Won the U.S.-China Trade War?

Fri, May 20, 2022

Neither country got the concessions it sought, and both damaged their economies. The real beneficiaries? Vietnam and others who stepped into the breach....

China Unexpectedly Cuts Key Rate as Growth Crumbles

Fri, May 20, 2022

China’s central bank cut a benchmark interest rate, a shift that economists said would likely help the moribund housing market but bring only limited relief to the struggling economy....

Biden Visits Samsung to Shore Up Tech Allies in Countering China

Fri, May 20, 2022

President Biden began a three-day trip to South Korea with a factory visit that underscored the technology ties between the countries....

The Inflation Japan Wanted Is Finally Here, but Not for the Right Reasons

Fri, May 20, 2022

Nearly a decade after its central bank targeted 2% inflation, Japan finally reached its goal. But instead of celebration, the occasion prompted concern about the effects of high energy and raw-material costs....

Prosecution Rests in Trial of Former Theranos President Ramesh 'Sunny' Balwani

Fri, May 20, 2022

Jurors heard much the same evidence that led to the conviction of the startup’s founder Elizabeth Holmes....