Keyword: wallstreetjournal
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President Trump’s foreign policy has been coasting so far on his verbal threats and public cajoling. But he’ll soon face moments of decision on U.S. adversaries that will echo throughout his second term and could determine his legacy The first year of presidencies often sets the tone for the events that follow on foreign policy. Joe Biden’s Afghan withdrawal gutted U.S. deterrence and convinced Vladimir Putin and Iran’s mullahs they’d meet little resistance if they sought military gains. Barack Obama let China occupy islands in the South China Sea and steal U.S. secrets with little resistance. Ronald Reagan rebuilt U.S....
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President Trump’s “Golden Dome” plan has riled the three countries whose weapons technology poses the greatest threat to American territory, with China, Russia and North Korea claiming the missile-defense project is driving a dangerous new arms race. -snip- North Korea slammed the Golden Dome on Tuesday as the “largest arms-buildup plan in history.” China and Russia in a joint statement earlier this month called the project “deeply destabilizing.” Russian Foreign Ministry spokeswoman Maria Zakharova, in a briefing to journalists Tuesday, said the plan “represented a direct disruption to the foundations of strategic stability.” All three countries have also denounced Trump’s...
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A month before President Trump’s inauguration, Middle East envoy Steve Witkoff flew to the United Arab Emirates with two goals: discussing regional issues with the Abu Dhabi royal known as the “spy sheikh,” and attending a cryptocurrency conference. Less than five months later, Witkoff’s son, co-founder of the crypto venture World Liberty Financial, took the stage at a conference in Dubai to announce the company had struck a deal for the sheikh’s company to buy $2 billion of their new cryptocurrency. The expected tens of millions of dollars in annual profits would be split between the Witkoffs and their co-founders—and...
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The world is on the brink of a climate apocalypse—one caused not by gradual greenhouse emissions but by a sudden exchange of nuclear weapons, a possibility made more salient by the current conflict between India and Pakistan. While the long-term effects of emissions are uncertain, we know that a nuclear war would result in an immediate nuclear winter. When we think about nuclear apocalypse, we tend to think of the immediate effects: thermonuclear explosions that incinerate cities and vaporize populations. But the worst consequences unfold long after the weapons have detonated. A major thermonuclear exchange would shroud the atmosphere in...
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Drugmakers' shares fell globally after President Trump said he would sign an executive order to lower the cost of prescription drugs. Shares of Japan's Daiichi Sankyo, which gets about a third of revenue from the U.S., dropped around 8%. Other Japanese drug stocks also fell.
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April was not the cruelest month for investors—although the tariffmageddon-obsessed naysayers may be smarting. Despite a month of wild swings and gloomy forecasts, U.S. stock markets ended April nearly flat, brushing off predictions that Trump’s trade policies would trigger a historic collapse. The S&P 500 finished the month down just 0.8 percent. The Dow dropped 2.1 percent, and the Nasdaq edged lower by 0.3 percent. That mild performance stood in stark contrast to a mid-April Wall Street Journal article that warned of a “Trump rout” and suggested the Dow was on track for its worst April since 1932. It wasn’t....
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Tesla started a formal process to find its next CEO last month, amidst declining public opinion about billionaire Elon Musk, according to a bombshell report from the Wall Street Journal. “Board members reached out to several executive search firms to work on a formal process for finding Tesla’s next chief executive,” the Journal reported Wednesday night, citing people familiar with the matter. “The board narrowed its focus to a major search firm … The current status of the succession planning couldn’t be determined. It is also unclear if Musk, himself a Tesla board member, was aware of the effort, or...
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President Trump continues to walk back his original tariff assault, and markets are pleased. They rose again Wednesday after Mr. Trump said he won’t fire the Federal Reserve Chairman and is likely to retreat from his highest China tariffs. Is this Mr. Trump’s François Mitterrand moment? Readers of a certain age will recall how the French Socialist President swept into power in 1981 promising a far left agenda of government control over the private economy. The market reaction was brutal. Within a year he had put socialism on pause and by 1983 he had abandoned most of it. He went...
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Former House Speaker Nancy Pelosi slammed a bombshell Wall Street Journal report on former President Joe Biden’s cognitive decline a month after the California Democrat confided in friends that she was alarmed by how much he had aged, according to a new book. “He was not the same Joe Biden,” Pelosi reportedly told a friend of the then-president’s condition after receiving the Presidential Medal of Freedom award during a May 2024 White House ceremony. The claim is from author Chris Whipple’s new book, “Uncharted: How Trump Beat Biden, Harris, and the Odds in the Wildest Campaign in History.” Whipple wrote...
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Donald Trump has repeatedly said that his move to impose wide-ranging tariffs is based on the simple concept of reciprocity: The U.S. should put the same conditions on imports from other countries that they impose on our goods through tariffs and other trade barriers. But the tariff scheme he announced isn’t reciprocal and isn’t based on measuring foreign trade barriers. Instead, it simply measures bilateral trade deficits and comes up with tariff numbers from there. Those are two very different things, and could be one reason why global financial markets are reacting so badly. The upshot is that, in the...
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After a handful of underwhelming relationships and dozens of disappointing first dates, Andrea Vorlicek recently called off the search for a husband. The 29-year-old always thought she’d have found her life partner by now. Instead, she’s house hunting solo and considering having kids on her own. “I’m financially self-sufficient enough to do these things myself,” said Vorlicek, a Boston-based accountant. “I’m willing to accept being single versus settling for someone who isn’t the right fit.” She sees her plans for an independent future as making the best of a lousy situation. “I don’t want to sit here and say I’m...
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The op-ed was entitled “Can White Men Finally Stop Complaining?” and it appeared the other day in the Wall Street Journal. White men, it charged, have a “victim mentality” – even though they’re back on top. Not only has Donald Trump returned to the Oval Office, but for white dudes, everything’s coming up roses: The manosphere won. Bro podcasters top the charts. Meta’s Mark Zuckerberg declares his company needs more “masculine energy.” Elon Musk shares a post saying only “high-status males” should run the country. The White House kills diversity, equity and inclusion (DEI) policies, and so do multiple companies,...
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The Five Eyes is the most powerful spying alliance in history. Forged in the conflagration of World War II, the intelligence-sharing pact among the U.S., Canada, Britain, Australia and New Zealand helped defeat Nazism and Communism, fend off al Qaeda and Islamic State and shield its members from the ever-growing risk of cyberattacks. Now former and serving members of the Five Eyes and outside experts say it is facing its biggest challenge ever: President Trump’s pledge to curb the “Deep State” by overhauling America’s vast intelligence apparatus. Trump left the Five Eyes alone during his first term and hasn’t named...
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To defend and burnish Tulsi Gabbard’s image as her political star was rising, her congressional campaign hired a public-affairs firm in 2017 that tried to suppress coverage of an alleged pyramid scheme connected to her Hindu sect, according to interviews, emails and Federal Election Commission records. Gabbard, a former House member who is now President Trump’s nominee for director of national intelligence, was raised in the Science of Identity Foundation, a sect tied to a direct-marketing firm accused of running a pyramid scheme in several countries. Neither Gabbard, the sect nor the firm, QI Group, wanted the relationships scrutinized. Gabbard’s...
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Matt Gaetz's past behavior isn't role-model material. By his own admission, Gaetz, in his 30s was "playing too hard....womanized, drank, and smoked more than I should have." But that doesn't excuse CNN for its double standard on the subject. At the end of a segment on today's CNN This Morning regarding the House Ethics Committee's impending release of its report on its investigation of Gaetz, host Kasie Hunt, speaking of Gaetz's activities, dubiously wondered, "in his 30s?" Hunt was apparently suggesting that the 30s are too old to still be a hard partier. Annie Linskey of the Wall Street Journal...
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*** Mr. Gigot asks how Mr. Trump would persuade Xi Jinping to stand down from a blockade of Taiwan. “Oh, very easy,” the former president says. “I had a very strong relationship with him.... *** Mr. Trump returns to Mr. Gigot’s question: “I would say: If you go into Taiwan, I’m sorry to do this, I’m going to tax you”—meaning impose tariffs—“at 150% to 200%.” He might even shut down trade altogether. Mr. Gigot: “Would you use military force against a blockade on Taiwan?” Mr. Trump: “I wouldn’t have to, because he respects me and he knows I’m f— crazy.”...
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Shares of Intel jumped 3% Friday as The Wall Street Journal’s Lauren Thomas, Laura Cooper, and Asa Fitch reported that Qualcomm has approached Intel about acquiring it for perhaps as much as $90 billion, citing multiple unnamed sources. The “massive” deal, as the authors put it, is financially daunting, as Qualcomm has just $13 billion in cash and equivalents on its balance sheet against $13 billion of long-term debt. Even a mostly stock exchange would require some large debt raise. Intel, moreover, already has $19 billion of net long-term debt. The deal is much larger than Qualcomm’s attempted acquisition of...
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Two astronauts who flew to the International Space Station on Boeing's Starliner spacecraft will return to Earth next year on a SpaceX vehicle in yet another humiliating blow to Boeing's reputation.NASA's Plan B: Why SpaceX Is Completing Boeing's Starliner Mission | 6:40The Wall Street Journal | 5.53M subscribers | 389,477 views | August 24, 2024
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‘He wouldn’t have needed a license if it were an iguana,” Justice Neil Gorsuch says. That sounds like a punch line, but “he” in this story is Marty Hahne, a Missouri magician. “It,” the non-iguana, is Mr. Hahne’s live rabbit. As a magical prop, the bunny is a classic, and probably more easygoing than a big lizard would be about getting yanked out of a hat for shrieking children. Justice Gorsuch, seated at a coffee table in his Supreme Court chambers, is narrating an anecdote from his book that goes on sale Tuesday, “Over Ruled: The Human Toll of Too...
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WASHINGTON—Kamala Harris is making abortion rights central to her candidacy for president as Republicans struggle to articulate a winning message on the issue. In contrast with President Biden, who was reluctant to say the word abortion, the vice president has campaigned aggressively on it since the 2022 Supreme Court ruling that eliminated the constitutional right to the procedure. At the White House, she has met with abortion providers and women who have had abortions. Earlier this year, Harris was believed to be the first president or vice president to visit an abortion clinic. After locking up the support to be...
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