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Rupert Murdoch's The Wall Street Journal made widespread cuts to its DC bureau on Thursday in a restructuring that several insiders called a "bloodbath." They were also, however, expected, since staffers had been told a restructuring was coming in preparation for the installation of the Journal's new Washington coverage chief Damian Paletta, who starts February 5. The new Washington bureau will focus on politics, policy, defense, law, intelligence and national security. The expanded Finance & Economics coverage area will unify our reporting on the macroeconomy, global economic trends, monetary policy, credit and banking, and financial markets. Brent Kendall, the law bureau chief, will take on the expanded role of Justice, Judiciary and Law Editor.
Persons: Rupert Murdoch's, Amara Omeokwe, James Graff, Emma Tucker, Tucker, Damian Paletta, Jodi Green, Liz Harris, they'd, Marie Beaudette, Marie, Damian, Brent Kendall, Brent, Emma Organizations: Journal, Business, News Corp, Staff, Finance, Federal Reserve, Economics, Justice, Judiciary Locations: Washington, New York, China, U.S
President Biden Addresses Turmoil in the U.S. Banking System
  + stars: | 2023-03-13 | by ( ) www.wsj.com   time to read: 1 min
What Does the Silicon Valley Bank Failure Mean? Silicon Valley Bank collapsed on Friday, becoming the largest bank to fail since the 2008 financial crisis. On Sunday, regulators took control of Signature Bank and rolled out emergency measures to prevent a banking crisis and guarantee depositors access to their money. Join the Journal’s Banking Editor Marie Beaudette for a conversation with former FDIC Chair Sheila Bair, followed by a roundtable with Wall Street and Financial Industry Bureau Chief Dana Cimilluca and reporter Rolfe Winkler about the bank failures, subsequent regulatory action and what this all means for the tech sector and overall health of the U.S. economy.
“Everything Everywhere All at Once” Wins Big at the Oscars
  + stars: | 2023-03-13 | by ( ) www.wsj.com   time to read: 1 min
What Does the Silicon Valley Bank Failure Mean? Silicon Valley Bank collapsed on Friday, becoming the largest bank to fail since the 2008 financial crisis. On Sunday, regulators took control of Signature Bank and rolled out emergency measures to prevent a banking crisis and guarantee depositors access to their money. Join the Journal’s Banking Editor Marie Beaudette for a conversation with former FDIC Chair Sheila Bair, followed by a roundtable with Wall Street and Financial Industry Bureau Chief Dana Cimilluca and reporter Rolfe Winkler about the bank failures, subsequent regulatory action and what this all means for the tech sector and overall health of the U.S. economy.
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