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Search resuls for: "Wall Street Journal"


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Gently fold and cut whisked egg whites into the béchamel mixture or batter by adding the egg whites a third at a time. It’s a delicate balance between adding enough cheese for flavor but not so much that the delicate whipped egg whites are weighed down. In a scrupulously clean, dry mixing bowl, combine egg whites and cream of tartar, if using. Use a flexible spatula to gently fold a third of egg whites into béchamel until incorporated. Use a flexible spatula to gently fold a third of beaten egg whites into batter until incorporated.
Persons: I’ll, I’ve, Don Draper, I’m, Don, Jon Hamm, Don imperceptibly, It’s, it’s, , nasturtium, bain marie, Luscious, Crème Fraîche Organizations: Locations: California, overcooking, cayenne, béchamel, ½, yolks
Millions of Iranians planned to boycott the vote after the country’s election supervisory body disqualified nearly all nonconservative candidates. The interior ministry said it would extend voting if necessary because of purported technical errors in some polling stations. Supreme Leader Ali Khamenei called on Iranians to vote to strengthen the system when he cast his ballot early on Friday. “Every single vote counts,” Mr. Khamenei said in televised remarks. Showing up at the ballot box and casting your vote helps build the future.”Ahead of the vote, Mr. Khamenei blamed a predicted low turnout on foreign media.
Persons: Ali Khamenei, , Mr, Khamenei Organizations: Supreme, Locations: TEHRAN, Tehran
U.S. Catholic bishops are set to debate on Thursday whether to deny Communion to President Biden or other politicians who support abortion rights, a question that has split the U.S. Catholic hierarchy and raised tensions between its leadership and Pope Francis. The debate also reflects bishops’ different views over the leadership of Pope Francis, who has played down abortion as a political issue by comparison with his predecessors. The U.S. Conference of Catholic Bishops, or USCCB, is considering a proposed doctrinal document on the Eucharist that would include a section on the conditions under which Catholic politicians may receive Communion. Some bishops have wanted that section to state that politicians who support abortion rights such as Mr. Biden are ineligible to receive the sacrament. Archbishop Salvatore Cordileone of San Francisco, a leading conservative among the bishops, told The Wall Street Journal in March, “I do not think [Mr. Biden] should be presenting himself for Communion.”The archbishop is one of several prominent bishops who have issued statements in recent months saying pro-choice politicians shouldn’t receive Communion.
Persons: Biden, Pope Francis, Salvatore Cordileone, , , shouldn’t Organizations: U.S, U.S . Conference of Catholic Bishops, Wall Street Journal Locations: San Francisco
Japanese shares end lower on U.S. Fed's hawkish tone, financial shares up
  + stars: | 2021-06-17 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
The Nikkei share average ended 0.93% lower at 29,018.33, while the broader Topix fell 0.62% to 1,963.57. “Investors seems to be overreacting to the Fed’s announcement, and the declines in U.S. stocks,” said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities. Insurers and banks advanced, with T&D Holdings gaining 3.11%, making it the biggest gainer on the Nikkei. Mitsubishi UFJ Financial Group added 1.18% and Sumitomo Mitsui Financial Group gained 0.84%. Toshiba, which is facing corporate governance crisis, added 1.26% after the Wall Street Journal reported its chairman said he may step down after revamping its board and appointing a new CEO.
Persons: , Shoichi Arisawa, Junko Fujita, Shailesh Kuber Organizations: U.S . Federal Reserve, Treasury, Nikkei, IwaiCosmo Securities, ” Tech, SoftBank, Sony Group, D Holdings, Dai, ichi, Holdings, Mitsubishi UFJ Financial, Sumitomo Mitsui Financial, Toshiba, Wall Street Journal Locations: TOKYO, U.S
Selling things online is easier than ever. Kevin Stecko has spent more than two decades selling nostalgic apparel emblazoned with He-Man, ThunderCats and more online at 80sTees.com. “The print cost plus the postage costs should actually do as well or better than it does to acquire customers online,” Mr. Stecko said. The catalog costs about $86,000 to produce, though he is waiting for more sales to come in before judging its success. But the lower entry barriers and rising cost of online advertising are making it harder for existing and new sellers to cut through the crowd and find more customers.
Persons: Kevin Stecko, , Mr, Stecko, ecommerce Organizations: Google, Shopify Inc
As of May, the firm’s flagship Xingtai China Fund generated an annualized 33.9% return in the past five years, net of fees. That is more than double the 14.5% return on its benchmark, MSCI Inc.’s China index. For the first five months of 2021, the fund’s return was 16.3%, compared with MSCI China’s 1.7%. Xingtai avoids companies that have yet to turn a profit, putting swaths of China’s popular technology sector off-limits. The fund also doesn’t hold stocks of the country’s internet giants, including Alibaba Group Holding Ltd. and Tencent Holdings Ltd.
Persons: Michelle Leung, Leung Organizations: Xingtai Capital Management Ltd, China Fund, Inc, Alibaba, Holding, Tencent Holdings Locations: HONG KONG, China, Hong Kong, Shanghai, U.S, Europe, Asia
The six-lane bridge linking Tennessee and Arkansas helps make Memphis a critical U.S. distribution hub, along with the headquarters of FedEx Corp. , a large port and five major freight railroads. Typically, about 40,000 cars and trucks a day would cross the bridge, a double-arch steel structure that is almost 2 miles long. The Arkansas DOT, which is responsible for inspecting the bridge, said inspections in 2019 and 2020 missed the crack, and it since has fired the statewide bridge inspector. Repair work on the nearly 50-year-old bridge will stretch through at least July, according to the Tennessee Transportation Department, which handles repairs and maintenance. The two states are sharing the cost of repairs, officials said.
Organizations: FedEx Corp, Arkansas Transportation Department, Democrats, Arkansas DOT, Tennessee Transportation Department Locations: MEMPHIS, Mississippi, Tennessee, Arkansas, Memphis, U.S, Washington
Japanese shares fall on tech selloff as Fed signals earlier rate hikes
  + stars: | 2021-06-17 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
TOKYO, June 17 (Reuters) - Japanese shares fell on Thursday as investors sold off heavyweight technology stocks following Wall Street’s weak finish overnight after the U.S. Federal Reserve signalled rate hikes earlier than expected. The Nikkei share average fell 1.3% to 28,911.01 by 0205 GMT, while the broader Topix lost 0.77% to 1,960.63. The three main Wall Street indexes all fell overnight after the Fed revealed it expected its first post-pandemic interest rate hike to come in 2023, a year sooner, citing an improved health situation amid the vaccine rollout. Murata Manufacturing fell 2.77% and Sony Group fell 2.15%. Toshiba, which is facing corporate governance crisis, added 1.05% after the Wall Street Journal reported its chairman said he may step down after revamping its board and appointing a new CEO.
Persons: , Shoichi Arisawa, Junko Fujita, Shailesh Kuber Organizations: U.S . Federal Reserve, Nikkei, IwaiCosmo Securities, ” Tech, SoftBank, Tokyo, Murata, Sony Group, Treasury, D Holdings, Dai, ichi Life Holdings, Mitsubishi UFJ Financial, Sumitomo Mitsui Financial, Toshiba, Wall Street Journal Locations: TOKYO, U.S
But Beijing has promoted the theory that COVID-19 entered China from overseas via contaminated frozen food, while a number of foreign politicians are also calling for more investigations into the possibility it leaked from a laboratory. "All bio-weapons related subjects that the country has should be subject to scrutiny," he was quoted as saying. Commenting on the U.S. study on Wednesday, foreign ministry spokesman Zhao Lijian said it was now "obvious" the COVID-19 outbreak had "multiple origins" and that other countries should co-operate with the WHO. China has been criticised for its lack of transparency when it comes to disclosing data about early cases as well as the viruses studied at WIV. Reporting by David Stanway and Samuel ShenOur Standards: The Thomson Reuters Trust Principles.
Persons: Alissa Eckert, Dan Higgins, Chinese epidemiologist, COVID, Zeng Guang, Zhao Lijian, David Stanway, Samuel Shen Organizations: Centers for Disease Control, Prevention, MAM, REUTERS, U.S . National Institutes for Health, World Health Organization, WHO, Chinese Center for Disease Control, Global Times, Wuhan Institute of Virology, U.S, Wall Street Journal, Thomson Locations: Wuhan, China, Atlanta , Georgia, U.S, REUTERS SHANGHAI, Chinese, United States, Beijing, WIV, Europe
Microsoft's board elected CEO Satya Nadella to be the company's chair on Wednesday. Microsoft's board elected Satya Nadella, the company's current CEO, to be its new chair on Wednesday. The last person to hold both simultaneously was Microsoft cofounder Bill Gates, before he stepped down as CEO in 2000. Gates stepped down as chair in 2014, and left Microsoft's board entirely in 2020 to focus on his "philanthropic priorities." "The Microsoft of 2021 is very different from the Microsoft of 2000 to me and to everyone at Microsoft," Nadella told CNBC following the two reports.
Persons: Microsoft's, Satya Nadella, Bill Gates, Nadella, Gates, I'm Organizations: Microsoft, Wall Street Journal, New York Times, CNBC
Adam Neumann is buying two plots of land for $44 million on Miami Beach, the seller told the WSJ. WeWork cofounder and former CEO Adam Neumann is set to buy two properties for $44 million on Miami Beach's Bal Harbour marina, the Wall Street Journal first reported on Wednesday. The adjacent plots of land cover an area of 50,000 square feet, including space on the waterfront, the seller, Joseph Imbesi told the Journal. The Journal reported that Brett Harris of Douglas Elliman, who was representing the buyer, couldn't immediately be reached for comment. Neumann in April sold his San Francisco Bay Area home for $22.4 million, despite listing the home for $27.5 million in August.
Persons: Adam Neumann, Joseph Imbesi, He's, Imbesi, aren't, Neumann, Tony Imbesi, Brett Harris, Douglas Elliman, couldn't, Rebekah Neumann, Katie Warren Organizations: Miami, Wall Street Journal, San, San Francisco Bay Area, SoftBank Locations: Miami Beach, Francisco's Bay, Miami Beach's, Bal Harbour, San Francisco Bay, Israel, WeWork
Proud Boys leader Enrique Tarrio told The Wall Street Journal about the group's financial problems. Protesters at Black Lives Matter and anti-Trump demonstrations could be wearing T-shirts from an unlikely source: the Proud Boys. The Proud Boys operate an online shop called 1776.shop which sells merchandise with a conservative bent. The Proud Boys appeared to splinter after the Capitol riot, particularly after Tarrio was found to be an FBI informant. Audio transcripts released in a Tuesday court filing showed Proud Boys members squabbling and panicking when members started getting arrested after the Capitol riot
Persons: Enrique Tarrio, Tarrio, Donald Trump, he's Organizations: Boys, Wall Street Journal, Trump, Wall Street, The Journal, Tarrio's Miami, PayPal, Democratic, Communist, FBI Locations: Charlottesville, Tarrio's, Tarrio
Wall Street Journal's Greg Ip on Fed moving up timeline for rate hikes
  + stars: | 2021-06-17 | by ( ) www.cnbc.com + 0.51   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street Journal's Greg Ip on Fed moving up timeline for rate hikesThe Fed raised inflation expectations for the year and moved up the timeline for the next rate hike. Greg Ip, Wall Street Journal's chief economics commentator, joined "Squawk Box" on Thursday to discuss.
Persons: Greg Ip Organizations: Street
The Wall Street Journal said on Thursday that it is shutting down its "Greater New York" section that covers city and regional news, according to a memo from Editor-in-Chief Matt Murray obtained by Insider. The Journal also announced a series of new initiatives, including a new "Life & Work" coverage area led by Nikki Waller, according to the memo. The move comes as the Journal is pursuing a greater focus on its digital efforts and SEO, as Insider has reported. Life & Work will be an important way of widening our lens of business, markets and economics and serving decision-makers. The Personal Journal name will continue in the print section.
Persons: Matt Murray, Murray, Nikki Waller, we've, Bourree Lam, Wilson Rothman, Lynn Cook, Nikki, Elena Cherney, I'm, Lisa Bannon, Matthew Rose, Lisa, Jason Anders, We're, GNY, Organizations: Street, Great, Finance, Personal Technology, Management, Careers, Enterprise, News, Greater New York, Team, Sigma Delta Chi, GNY Locations: New York, Great New York, WSJ.jobs
The letter helped kick-start a new round of calls to investigate the "lab leak hypothesis," including demands from President Joe Biden and several leading scientists. The Wuhan Institute of Virology in China's central Hubei province on May 27, 2020. Still, he cautioned that while a lab leak is plausible, that doesn't necessarily mean it's the most probable explanation. The team also downplayed the theory that the virus leaked from the Wuhan institute, describing the scenario as "extremely unlikely." Thea Fischer of the World Health Organization leaves the Wuhan Institute of Virology on Feb. 3.
Persons: Alina Chan isn't, Chan, they're, Joe Biden, Donald Trump, China hasn't, Trump, Hector Retamal, Maciej Boni, Andrew Read, Boni, it's, didn't, Ralph Baric, David Relman, Akiko Iwasaki, Thea Fischer, Shi Zhengli, Robert Garry, It's, Garry, Dr, Charles Chiu, Chiu, we're Organizations: Broad Institute of MIT, Harvard University, Wuhan Institute of Virology, Getty, Trump, Penn State University, NBC News, Penn State, World Health Organization, WHO, University of North, Stanford University, Yale University, Autonomous, Kunming Medical University, Wuhan Institute, Virology, Wall Street Journal, Center, Tulane University, U.S . National Institutes of Health, Centers for Disease Control, University of California, Broad Institute Locations: China, breadcrumbs, Wuhan, China's, Hubei province, AFP, U.S, Vietnam, University of North Carolina, Yunnan province, New Orleans, San Francisco
When Tahanie Aboushi was 14 years old, her father was convicted on charges of masterminding a federal conspiracy to hijack and rob truck drivers and sentenced to 22 years in prison. She is campaigning on an overhaul of the criminal-justice system, ending mass incarceration and declining to prosecute all but the most serious offenses. The winner will be the prohibitive favorite in the general election in a heavily Democratic borough. Ms. Aboushi told The Wall Street Journal that she planned to run on the Working Families Party ticket if she lost the Democratic primary. The left-of-center party endorsed Ms. Aboushi in the primary, and its continued backing could give any Democratic nominee a challenger from the left in the general election.
Persons: Tahanie Aboushi, , Aboushi, — Cynthia Nixon, Snoop Dogg, Shaun King’s, Sen, Bernie Sanders, Rashida Organizations: Democratic, Shaun King’s Real, PAC —, Wall Street Journal, Working Families Party Locations: masterminding, Manhattan, Mich, Democratic
CHICAGO—Former President Barack Obama, once a community organizer, has gotten a taste of community organizing himself as preservationists and other activists have slowed the construction of his presidential center. The groundbreaking for the center to celebrate Mr. Obama and press its mission of fostering future leaders could finally happen late this summer after years of lawsuits, fundraising and federal reviews. The eventual opening, previously scheduled for 2021 before the challenges arose, is poised to set a modern record for time between a presidency and completion. Presidential libraries opened in recent decades have done so in about half the time as what is expected for Mr. Obama’s center, Wall Street Journal calculations show. The Ronald Reagan Presidential Library welcomed visitors just more than 1,000 days after Mr. Reagan’s last day in office.
Persons: Barack Obama, Obama, Obama’s, Ronald Reagan, Reagan’s, Bill Clinton’s, George H.W, Bush, George W Organizations: CHICAGO, U.S, Supreme, Mr, Wall, Library
Amazon said that 1.9 million small and medium-size businesses sell on its site, accounting for nearly 60% of its retail sales. Amazon rates among the top U.S. companies in consumer surveys of brand popularity. A 2019 CNBC/SurveyMonkey poll of 10,000 Americans found that 59% of respondents said Amazon was bad for small businesses, its highest percentage since it began its poll in 2017. A recent Gallup poll showed that 45% of Americans have a “somewhat or very negative” view of big tech companies, including Amazon. SHARE YOUR THOUGHTS Where can e-commerce companies make inroads against Amazon?
Persons: Jeff Bezos, Komerov, ShopIN.nyc —, Tobias Lütke, Shopify, Bookshop.org, , Andy Hunter, , Hunter, ShopIN.nyc, Maya Komerov, Amazon, Stefanie Hargreaves, Hargreaves, Peter Dering, Dering, Dana Mattioli Organizations: Amazon.com Inc, ShopIN.nyc, Amazon, Facebook Inc, Facebook, Inc, Google, Shopify Inc, Trade, Federal Trade Commission, Justice Department, Big Tech, CNBC, Gallup, YouTube Locations: BROOKLYN, N.Y, , New York, Seattle, ShopIn.nyc’s Brooklyn, Brooklyn, U.S, San Francisco
The scene was playing out not at one of Amazon.com Inc.’s myriad fulfillment centers, but at a warehouse run by ShopIN.nyc, a New York-based company that is part of a growing group of businesses and organizations positioning themselves as anti-Amazons. They’re working to unite small businesses that have lost sales and margins to the e-commerce giant and tap into concern about its growing clout and competitive practices. ShopIN.nyc pools inventories from local businesses to create a local version of the “everything store” that Amazon is known for, thanks to the vast selection and lightning-speed delivery that founder Jeff Bezos made central pillars of the Seattle company’s strategy. Facebook Inc. in May of last year launched a new service called Facebook Shops to help mom-and-pop shops sell on its platform. Alphabet Inc.’s Google unit last month announced tools to help small businesses sell through its shopping platform and integrate with other services such as Square Inc. and Shopify Inc.
Persons: Jeff Bezos Organizations: Amazon.com Inc, ShopIN.nyc, Amazon, Facebook Inc, Facebook, Inc, Google, Shopify Inc Locations: BROOKLYN, N.Y, , New York, Seattle
Texas officials warned SpaceX it may have committed crimes by closing public roads, KGRW reported. In a letter, Cameron County DA Louis Saenz accused SpaceX of knowingly ignoring previous warnings. Local authorities have accused SpaceX of violating the law by attempting to block access to public roads around its spaceport in Boca Chica, Texas, according to KGRW reporter Rudy Mireles. Saenz's staff then warned the SpaceX guard Cameron County authorities hadn't given SpaceX permission to close the road, according to the letter. Saenz wrote Cameron County had separately in April warned SpaceX about similar conduct, according to Mireles.
Persons: Cameron, Louis Saenz, Saenz, Rudy Mireles, Attorney Luis Saenz, Mireles, Cameron County, Saenz's, Patel, Shyamal Patel, SpaceX, Insider's Kate Duffy they're Organizations: SpaceX, Attorney, Wall Street Journal Locations: Cameron County, Boca Chica , Texas, Texas, Boca Chica
Spotify strikes exclusive deal with 'Call Her Daddy' podcast
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com + 0.84   time to read: +1 min
FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo(Reuters) - Spotify Technology SA on Tuesday announced a multi-year deal to stream the popular podcast ‘Call Her Daddy’, hosted by Alex Cooper on its audio streaming platform, in its latest exclusive tie-up to keep listeners hooked. The Swedish company will exclusively stream ‘Call Her Daddy’ starting July 21, including all back catalogue full-length episodes, future episodes and additional exclusive new projects in development, Spotify said in statement, without disclosing any financial details of the deal. It is also the fifth-most-popular streamed podcast globally on Spotify. Spotify has been boosting its podcast muscle by spending more than $500 million in buying podcast networks Gimlet and Anchor, and podcast advertising company Megaphone.
Persons: Brendan McDermid, , Alex Cooper, Cooper, Sofia Frankyln, Franklyn Organizations: New York Stock Exchange, REUTERS, Spotify Technology SA, Tuesday, Spotify, Barstool Sports, Wall Street Journal Locations: New York, U.S, Swedish
The nationwide security company monitors access-card swipes in more than 2,500 office buildings in cities across the country. As of Monday, an average of 31% of office workers had returned to the workspaces they occupied before the Covid-19 pandemic, according to Kastle. The number of employees who are back in the office has been inching up since vaccines began rolling out in the U.S. Office workers “are not coming back in force yet,” said Mark Ein, Kastle’s chairman. “Habits that have been formed over the last year and a half are going to take a while to break.”
Persons: , Mark Ein Organizations: D.C, Kastle Systems Locations: U.S, New York, Los Angeles, San Francisco, Washington
The nationwide security company monitors access-card swipes in more than 2,500 office buildings in cities across the country. As of Monday, an average of 31% of office workers had returned to the workspaces they occupied before the Covid-19 pandemic, according to Kastle. The number of employees who are back in the office has been inching up since vaccines began rolling out in the U.S. Office workers “are not coming back in force yet,” said Mark Ein, Kastle’s chairman. “Habits that have been formed over the last year and a half are going to take a while to break.”
Persons: , Mark Ein Organizations: D.C, Kastle Systems Locations: U.S, New York, Los Angeles, San Francisco, Washington
Top engineers are leaving Big Tech firms to join collaboration software startups, the WSJ reports. Some tech execs expect that a rise in hybrid working will boost demand for collaboration tools. Some executives at Big Tech firms, including Facebook, have left their jobs to join startups building collaboration tools in anticipation of a boom in hybrid working, the Wall Street Journal reported. Cannon said that she knew at least 12 recent collaboration startups founded or led by former Big Tech executives, per the Journal. Banking giants Deutsche Bank and Citigroup, for example, have said they would embrace hybrid working in the future.
Persons: Raymond Endres, Sarah Cannon, Cannon, Endres Organizations: Big Tech, Facebook, Wall Street Journal, Ventures, Banking, Deutsche Bank, Citigroup
A national charity is wiping out $278 million in medical debt for 82,000 low-income Americans. National charity RIP Medical Debt announced on Tuesday that it will buy $278 million of medical debt from hospitals in Tennessee and Virginia, in a bid to help low-income patients struggling with debt, according to The Wall Street Journal. It's the first time the charity has reached a deal with a hospital to wipe out medical debt. With some of the bills being a decade old, RIP Medical Debt told the Journal that they are planning to strike similar deals with other hospitals. "They still owe that money," RIP Medical Debt's executive director Allison Sesso told The Journal.
Persons: Allison Sesso, Sesso Organizations: Wall Street, Nonprofit Locations: Tennessee, Virginia
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