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Watch: A Timeline of Liz Truss’s 45 Days as U.K. Prime Minister Liz Truss became the shortest-serving U.K. prime minister and the first since Winston Churchill to serve two monarchs when she resigned after just 45 days in power. WSJ’s David Luhnow explains how her premiership came crashing down. Photo illustration: Adele Morgan
Watch: A Timeline of Liz Truss’s 45 Days as U.K. Prime Minister Liz Truss became the shortest-serving U.K. prime minister and the first since Winston Churchill to serve two monarchs when she resigned after just 45 days in power. WSJ’s David Luhnow explains how her premiership came crashing down. Photo illustration: Adele Morgan
Why Everything Is On Sale: The Bullwhip Effect If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.
Abortion’s Impact on the 2022 Midterm Elections
  + stars: | 2022-10-23 | by ( Miguel Gonzalez | ) www.wsj.com   time to read: 1 min
Gretchen Whitmer, center, has fought to preserve access to abortion. Polls have shown Ms. Whitmer is leading her opponent in the final stretch of the campaign. Welcome to a special edition of WSJ’s politics newsletter looking at how abortion is a factor in the midterm elections. To receive our weekday edition and future special editions, sign up here. Three Questions for WSJ’s Julie BykowiczWSJ: How are voters reacting to the Supreme Court’s Dobbs decision in June, which ended the constitutional right to abortion and returned the issue to the states?
Watch: A Timeline of Liz Truss’s 45 Days as U.K. Prime Minister Liz Truss became the shortest-serving U.K. prime minister and the first since Winston Churchill to serve two monarchs when she resigned after just 45 days in power. WSJ’s David Luhnow explains how her premiership came crashing down. Photo illustration: Adele Morgan
Ford Races to Win Over Pickup Fans With F-150 Lightning Ford has a lot riding on the electric version of its best-selling F-150 pickup truck. WSJ’s Nora Eckert visited Ford’s Experience Center outside Detroit for an exclusive ride in the F-150 Lightning to see how the auto maker aims to win over both early adopters and more of its gas pickup drivers. Illustration: Reshad Malekzai/WSJ
Why Housing Can Skew Inflation NumbersHousing is one of the most weighted categories when tracking inflation, but it's also one of the most complicated to measure. WSJ’s David Harrison explains how the shelter index is calculated, and why it can muddy the inflation outlook for the Fed. Illustration: Laura Kammermann
Catching Sanctions Evaders Getting More Complex
  + stars: | 2022-10-20 | by ( David Smagalla | ) www.wsj.com   time to read: +4 min
Some players looking to bypass Russia sanctions are taking pages from the playbook of Iran and North Korea sanctions evaders, such as the use of front companies to transact in the country. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Isaias Lima, a managing director at financial services business the Bancorp Inc., said attempts by individuals and entities to help Russia evade sanctions are a concern. “The expectation is that if you are receiving the data, if you have possession of IP addresses, you have to screen those IP addresses and understand whether or not those transactions are originating from sanctioned countries,” he added. OFAC has relied more and more on the use of IP addresses as a sanctions enforcement tool, said Orisia Gammell, SAP SE’s chief legal counsel for export control.
Liz Truss Announces Resignation as U.K. Prime Minister
  + stars: | 2022-10-20 | by ( ) www.wsj.com   time to read: 1 min
Why Everything Is On Sale: The Bullwhip EffectIf it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.
Uber to Let Marketers Target Riders by Destination
  + stars: | 2022-10-19 | by ( Patrick Coffee | ) www.wsj.com   time to read: +5 min
Ride-hailing company Uber Technologies Inc. wants to help marketers target consumers with ads based on where they have been and where they are going. The ride-hailing ad business could grow far larger, Mr. Grether said, especially when self-driving cars become more common. “Cars will become our next living rooms,” Mr. Grether said. The rider can also conduct transactions, such as clicking the ad to buy a product without leaving the Uber app, said Mr. Grether. Users can opt out of targeted ads on the Uber app at any time, said Mr. Grether.
S2 E15Apple’s Car-Crash Detection—Tested by a Demolition-Derby Driver The new iPhone 14 and Apple Watch models can detect severe car crashes and automatically call 911. But does it actually work? To find out, WSJ’s Joanna Stern and her video producer Kenny Wassus enlisted a demolition-derby driver to crash cars at a junkyard. Photo illustration: Adele Morgan
Why Everything Is On Sale: The Bullwhip EffectIf it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.
Welcome to a special edition of WSJ’s politics newsletter looking at the latest hearing by the House select committee investigating the Jan. 6, 2021, Capitol attack. To receive our weekday edition and future special editions, sign up here. Three Questions for WSJ’s Scott PattersonWSJ: What did we learn from Thursday’s House select committee hearing?
Best Online Stock Trading Platforms of 2022
  + stars: | 2022-10-15 | by ( ) www.wsj.com   time to read: +15 min
Luckily, the past few years has seen a profusion of online stock trading platforms. We spent hours comparing more than a dozen stock trading platforms looking for the most intuitive tools, in-depth research and access to guidance and other educational content. We considered all of this when making our picks for the Best Stock Trading Platforms of 2022. How we pickedTo pick Buy Side from WSJ’s best stock trading platforms, we reviewed offerings from more than a dozen companies. Morgan Stanley is the corporate parent of E*Trade, one of the stock trading platforms considered for this story.
How China Plans to Salvage Its Faltering Belt and Road Initiative
  + stars: | 2022-10-15 | by ( ) www.wsj.com   time to read: 1 min
E28Russia Moves to Annex Four Regions in Ukraine. Here’s Why It Matters. After staging referendums that were widely criticized as a sham, Russia is moving to annex roughly 15% of Ukraine’s territory. WSJ’s Shelby Holliday explains how the process unfolded, and why the attempted land-grab is crucial to Vladimir Putin’s war strategy. Illustration: Elizabeth Smelov
A Wall Street Journal investigation revealed that thousands of officials across the U.S. government’s executive branch disclosed owning or trading stocks that stood to rise or fall with decisions their agencies made. Across 50 federal agencies ranging from the Commerce Department to the Treasury Department, more than 2,600 officials reported stock investments in companies while those companies were lobbying their agencies for favorable policies, during both Republican and Democratic administrations. When the financial holdings caused a conflict, the agencies sometimes simply waived the rules.
Why Everything Is On Sale: The Bullwhip Effect If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Just blame the bullwhip effect. WSJ’s Jon Hilsenrath explains what it is, and what it means for the economy.
Cryptocurrency exchange Bittrex Inc. will pay $29 million to the U.S. Treasury Department to settle allegations that it violated sanctions and anti-money-laundering laws. The Treasury said Tuesday that fined Seattle-based Bittrex a total of $53 million: a $24 million penalty from the Office of Foreign Assets Control, the Treasury unit that enforces sanctions, and $29 million fine from the Financial Crimes Enforcement Network, which combats illicit finance. As a result, Bittrex will pay about $29 million out of pocket. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Bittrex collected customers’ internet protocol address and physical address information when they joined the platform, OFAC said, but the exchange failed to screen this information for potential sanctions violations.
The Phoenix metropolitan area in March registered the largest inflation surge in the U.S. since President Biden had taken office. Welcome to a special edition of WSJ’s politics newsletter looking at the impact of recent economic developments on the November midterm elections. To receive our weekday edition and future special editions, sign up here. Three Questions for WSJ’s John McCormickWSJ: What economic issues are voters watching most closely?
There are roughly 15,000 people working for Mr. Engel, including in the company’s digital, finance and global shared-service teams. Mr. Engel declined to comment on the financial impact of the cut in production. However, the company expects it will become more difficult to pass on higher costs to customers, Mr. Engel said. Cash flows from operating activities came in at €1.2 billion in the second quarter, down €1.3 billion from the prior-year period. The company is slowing down its hiring and reducing its marketing budget, Mr. Engel said, adding that it hasn’t started cutting jobs.
Richard Galanti, Costco Wholesale CFO Photo: Costco Wholesale Corp.“It takes time for changes to come through,” Mr. Galanti said. A company’s freight costs vary depending on whether they are fixed by contract for a period of time or based on spot-market rates that can change more quickly. The length of contracts as well as the company’s ability to renegotiate the terms of its agreements also affect the retailer’s freight costs, he said. These cost pressures will persist, as wages don’t tend to come down once they have gone up, Mr. Galanti said. Price increases have also hit food court items such as individual sodas and whole pizzas because of rising costs, Mr. Galanti said earlier this year.
A warehouse crush across the U.S. is squeezing out smaller companies as big retailers fill industrial storage sites with their growing stockpiles of inventory. Karen Galena, president of First Logistics, which has four warehouses in the Chicago area that provide space for retailers and manufacturers, said bigger customers are willing to pay higher prices for increasingly scarce storage space. “It’s tough for the small guy,” Ms. Galena said, noting labor and other costs are rising for warehouse operators. The challenges small businesses face finding warehouse space mirrors difficulties many had securing room on container ships earlier in the Covid-19 pandemic, when ocean carriers drove up rates and bumped smaller shippers to make way for larger clients. He said some companies are even generating revenue from unconventional storage space.
PREVIEWDelaware is now extending U.S. sanctions meant to punish Russia for its invasion of Ukraine to business ventures incorporated in the state. Blocked startups also can’t raise outside financing because they can’t amend their articles of incorporation in Delaware to issue new capital stock, according to several startup founders and their lawyers. Some startups have persuaded Delaware to restore their good standing after demonstrating that corporate officers no longer live in Russia. Blocked startups face other financial repercussions. It can’t proceed with expansion plans so long as it is blocked in Delaware, Mr. Zykov said.
E4Are There Fewer Chips In Your Chip Bag? It Could Be Due to Shrinkflation. Consumers are growing savvy to shrinkflation, the practice of downsizing the contents of a product rather than raising prices. WSJ’s Annie Gasparro explains how to spot it in all its forms. Illustration: Adele Morgan
What It Takes for a Bear Market to Turn Around
  + stars: | 2022-09-27 | by ( ) www.wsj.com   time to read: 1 min
The Risks and Rewards of Buying the Dip When markets are turning downward, some investors try to make a profit by using a strategy known as buying the dip. WSJ’s Gunjan Banerji tells us why this approach is risky in today’s volatile market, even though it can be tempting. Illustration: Reshad Malekzai
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