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☆ Importers Face Surging Shipping Costs, Delays as Red Sea Diversions Pile Up
▼ + stars: | 2024-01-13 | by ( Paul Berger | Costas Paris | ) www.wsj.com time to read: 1 min

The Red Sea is one of the most important shipping waterways in the world, but it’s also one of the most dangerous. Here’s how the cargo industry is responding to try and guard against attacks from the Houthis in Yemen. Illustration: Annie ZhaoWestern importers are reporting a steep rise in ocean-shipping rates and weekslong delays as carriers divert ships from the Red Sea to avoid Houthi rebel attacks. Some companies shipping goods on the crucial trade lane are starting to chafe at the rising prices and extra fees that ocean carriers are imposing for the higher cost of routing containerships on longer voyages around the Horn of Africa following drone and missile attacks by Houthi rebels in Yemen.

Persons: it’s, Annie Zhao, Houthi Locations: Yemen, of Africa

☆ Trump Can Be Sued for Jan. 6 Incitement, Judges Rule
▼ + stars: | 2023-12-01 | by ( Sadie Gurman | Jan Wolfe | ) www.wsj.com time to read: 1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoWASHINGTON—Civil lawsuits seeking to hold Donald Trump accountable for the Jan. 6, 2021, attack on the Capitol can move forward, a federal appeals-court panel ruled Friday, expressing skepticism toward the former president’s claims of “absolute immunity” from allegations that he incited violence that day. The three-judge panel of the U.S. Court of Appeals for the D.C. Circuit said while presidents can carry out their official duties without exposure to lawsuits, plaintiffs including Capitol Police officers had adequately established that Trump wasn’t acting in that capacity while campaigning for re-election.

Persons: Donald Trump, Annie Zhao Organizations: U.S ., Appeals, Circuit, Capitol Police, Trump Locations: Annie Zhao WASHINGTON

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoWASHINGTON—Former President Donald Trump’s efforts to claim absolute immunity to ward off criminal and civil legal actions against him were rebuffed twice Friday in separate legal decisions. U.S. District Judge Tanya Chutkan , presiding over Trump’s election-interference case brought by special counsel Jack Smith, rejected the former president’s bid to have that case tossed out on the grounds that he enjoys “absolute immunity” from criminal prosecution. In court papers, the former president’s lawyers argued that his efforts to challenge his November 2020 election loss had been “within the ‘outer perimeter’ of his official responsibility” as president.

Persons: Donald Trump, Annie Zhao WASHINGTON —, Donald Trump’s, Tanya Chutkan, Jack Smith Organizations: U.S

☆ How Walmart Is Leveraging Automation and AI to Deliver Faster
▼ + stars: | 2023-11-22 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

How Walmart Is Leveraging Automation and AI to Deliver FasterWalmart projects that by 2025, 65% of its stores will be serviced by automation. Here’s how the country’s biggest retailer is leaning into a high-tech distribution strategy to keep pace in the fast shipping race against Amazon and Target. Photo illustration: Annie Zhao

Persons: Annie Zhao Organizations: Walmart, Amazon

☆ Nvidia’s Sales Surge, With No End in Sight for AI Boom
▼ + stars: | 2023-11-21 | by ( Asa Fitch | ) www.wsj.com time to read: 1 min

Chip maker Nvidia broke into the exclusive club of companies that have a $1 trillion market cap. WSJ’s Asa Fitch breaks down how Nvidia got there—and why AI is fueling the company’s rapid growth. Photo illustration: Annie ZhaoNvidia reported another quarter of record sales and gave a strong revenue outlook, pointing to red-hot demand for chips that underpin the artificial-intelligence boom. Huge investments in AI by tech giants from Microsoft to Amazon.com and by other large corporations have helped propel Nvidia’s sales to unprecedented levels in recent quarters.

Persons: WSJ’s Asa Fitch, Annie Zhao Nvidia Organizations: Nvidia, Microsoft

☆ Trump’s Gag Order Should Stand, Appeals Panel Signals
▼ + stars: | 2023-11-20 | by ( C. Ryan Barber | Sadie Gurman | ) www.wsj.com time to read: 1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoWASHINGTON—A federal appeals court signaled Monday that it would affirm but potentially narrow a gag order imposed on former President Donald Trump in the criminal case alleging he conspired to overturn his 2020 election loss. During a more than two-hour hearing in Washington, a three-judge panel expressed skepticism toward the argument from Trump’s lawyer that the gag order infringed on the former president’s First Amendment rights and “core political speech.”

Persons: Donald Trump, Annie Zhao WASHINGTON —, ” Locations: Washington

☆ Hyundai to Be First Automaker to Sell New Cars on Amazon
▼ + stars: | 2023-11-16 | by ( Ryan Felton | Sean Mclain | ) www.wsj.com time to read: 1 min

Giant touch screens. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street JournalHyundai customers who want to skip going to a dealership will have a new option next year: shopping on Amazon.com . The South Korean automaker announced the move Thursday with Amazon at the Los Angeles Auto Show. Starting in 2024, U.S. auto dealers will be able to sell new vehicles on the tech company’s platform, making Hyundai the first automotive brand to offer such an option for customers.

Persons: Joanna Stern, Annie Zhao Organizations: Street, South Korean, Amazon, Los Angeles Auto, Hyundai

☆ How Bad Are Public EV Chargers? I Visited Over 120 to Find Out.
▼ + stars: | 2023-11-15 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

How Bad Are Public EV Chargers? I Visited Over 120 to Find Out. Los Angeles County has more public electric-vehicle fast chargers than any other in the country. WSJ’s Joanna Stern hit up 30 charging locations in a Rivian R1T and ran into problems at 40% of them. Here’s what’s being done to fix the charging mess.

Persons: WSJ’s Joanna Stern, Here’s, Annie Zhao Organizations: Public EV Chargers Locations: Los Angeles

☆ Trump, Prosecutors Clash Over Televising Election-Interference Trial
▼ + stars: | 2023-11-14 | by ( Jan Wolfe | C. Ryan Barber | ) www.wsj.com time to read: 1 min

Former president Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoWASHINGTON—Former President Donald Trump has breathed new life into a push by media companies to televise his federal trial on election-subversion charges, but the odds of cameras being in the courtroom remain slim. On Friday, Trump’s lawyers urged U.S. District Judge Tanya Chutkan to allow broadcasting of the trial, scheduled to begin in March, saying that the “prosecution wishes to continue this travesty in darkness” and that “President Trump calls for sunlight.”

Persons: Donald Trump, Annie Zhao WASHINGTON —, Trump’s, Tanya Chutkan, Trump Organizations: U.S, “

☆ EV Makers Turn to Discounts to Combat Waning Demand
▼ + stars: | 2023-11-07 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Giant touchscreens. EVs have become computers on wheels. WSJ’s Joanna Stern took three of the leading cars on a road trip and then leased the best one. Photo illustration: Annie Zhao/The Wall Street JournalBuyers looking to get a bargain on a new car might want to consider an electric vehicle. As sales growth has slowed for battery-powered models, automakers and dealers are slashing prices and piling on discounts to clear out unsold inventory.

Persons: Joanna Stern, Annie Zhao Organizations: Street

☆ Trump Takes Witness Stand in New York Civil-Fraud Trial
▼ + stars: | 2023-11-06 | by ( Corinne Ramey | Jacob Gershman | ) www.wsj.com time to read: +1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoDonald Trump testified Monday in the $250 million civil-fraud trial that could determine the future of his business empire, saying the financial statements at the heart of the case were unimportant while also protesting the proceedings as unfair. Trump, wearing a navy suit, blue tie and an American flag pin, took the witness stand under oath in a Manhattan courtroom to face questioning from the New York attorney general’s office, which alleges he and his business engaged in a lengthy scheme to inflate the value of their assets for financial gain. The former president alternated between calmly responding to questions about his finances and drawing the repeated ire of the presiding judge, who reminded him the proceeding “is not a political rally.”

Persons: Donald Trump, Annie Zhao Donald Trump, Trump, ” Organizations: New Locations: American, Manhattan, New York

☆ Jury in Sam Bankman-Fried Trial Expected to Begin Deliberations
▼ + stars: | 2023-11-02 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Earlier: FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoJurors are expected to begin deliberating Thursday afternoon on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. The deliberations cap a nearly monthlong trial in which jurors heard testimony from more than 20 witnesses, including Bankman-Fried. On Thursday morning, a prosecutor delivered a rebuttal to the closing arguments made by Bankman-Fried’s defense team.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao, Fried

☆ Jury in Sam Bankman-Fried Trial Begins Deliberations
▼ + stars: | 2023-11-02 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: 1 min

Earlier: FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoJurors began deliberating Thursday afternoon on whether FTX founder Sam Bankman-Fried is guilty of fraud and other crimes that contributed to the collapse of the crypto exchange. “Now it’s your job to decide who you believe,” U.S. District Judge Lewis Kaplan told jurors before they started.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao, Fried, District Judge Lewis Kaplan Organizations: District Locations: U.S

☆ Judge Set to Hear Trump’s Request to Postpone Classified-Documents Trial
▼ + stars: | 2023-11-01 | by ( Aruna Viswanatha | ) www.wsj.com time to read: 1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoFormer President Donald Trump has faced setback after setback in the criminal and civil trials he is facing. A federal judge in Florida is scheduled to consider Trump’s request to push back the trial in the criminal case accusing the former president of improperly hanging on to classified documents after he left office. She has signaled she is open to the request, as she put the current pretrial schedule on hold pending the Wednesday hearing.

Persons: Donald Trump, Annie Zhao Locations: Florida

☆ Trump Disqualification Challenges Face Tests in Two States
▼ + stars: | 2023-11-01 | by ( Mariah Timms | ) www.wsj.com time to read: 1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoA pair of cases unfolding this week will provide an early test of novel legal arguments that Donald Trump should be disqualified from the 2024 presidential race because of his actions surrounding the Jan. 6, 2021 riot at the Capitol. Courts in Colorado and Minnesota are considering claims that a little-invoked constitutional provision prevents Trump from holding office again. Section 3 of the 14th Amendment, enacted after the Civil War, disqualifies from public office those who swore to defend the Constitution and then “engaged in insurrection or rebellion” against the U.S.

Persons: Donald Trump, Annie Zhao, “ Organizations: Capitol, Trump, U.S Locations: Colorado, Minnesota

☆ Prosecutors, Defense Paint Conflicting Pictures of Sam Bankman-Fried
▼ + stars: | 2023-11-01 | by ( Corinne Ramey | ) www.wsj.com time to read: 1 min

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao Prosecutors, Fried, Nicolas Roos Organizations: U.S

☆ Why Aldi Is the Fastest Growing Grocer in the U.S.
▼ + stars: | 2023-10-31 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Why Aldi Is the Fastest Growing Grocer in the U.S.Aldi’s no-frills strategy has helped make it one of the cheapest and the fastest growing grocery stores in the U.S. WSJ explains why its unique approach to the shopping experience makes it a threat to competitors. Photo Illustration: Annie Zhao

Persons: Annie Zhao Organizations: Aldi, Fastest, WSJ Locations: U.S

☆ Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs
▼ + stars: | 2023-10-31 | by ( Raffaele Huang | Asa Fitch | ) www.wsj.com time to read: 1 min

Chip maker Nvidia broke into the exclusive club of companies that have a $1 trillion market cap. WSJ’s Asa Fitch breaks down how Nvidia got there—and why AI is fueling the company’s rapid growth. Photo illustration: Annie ZhaoSINGAPORE—New U.S. export controls may compel artificial-intelligence giant Nvidia to cancel billions of dollars in next-year orders for its advanced chips to China, a move that could deprive Chinese tech companies of crucial AI resources. The Santa Clara, Calif.-based company had already finished delivering orders of its advanced AI chips to China for this year, according to people familiar with the matter, and was pushing to deliver some 2024 orders in advance before the new rules were scheduled to come into effect in mid-November.

Persons: WSJ’s Asa Fitch, Annie Zhao Organizations: Nvidia, Annie Zhao SINGAPORE — Locations: Annie Zhao SINGAPORE, Annie Zhao SINGAPORE — New, China, Santa Clara, Calif

☆ My iPhone Battery Went Bad in Just a Year. Here’s Why.
▼ + stars: | 2023-10-27 | by ( ) www.wsj.com time to read: 1 min

My iPhone Battery Went Bad in Just a Year. Every iPhone has a hidden “Maximum Capacity" setting to figure out the health of your battery. WSJ’s Joanna Stern investigates why her iPhone’s battery degraded so much in one year. Hint: Battery cycle counts. Photo illustration: Annie Zhao/The Wall Street Journal

Persons: Joanna Stern, Annie Zhao Organizations: Street

☆ You Don’t Need a New iPhone. You Just Need a New Battery.
▼ + stars: | 2023-10-27 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

Every iPhone has a hidden ‘Maximum Capacity’ setting to figure out the health of your battery. WSJ’s Joanna Stern investigates why her iPhone’s battery degraded so much in one year. Hint: Battery cycle counts. Photo illustration: Annie Zhao/The Wall Street JournalYou know what they say: iPhone batteries are like a box of organic raspberries. Your iPhone’s lithium-ion battery will expire and, unfortunately, there’s no “Best Before” label.

Persons: Joanna Stern, Annie Zhao

☆ Sam Bankman-Fried Says FTX Actions Were Guided by Lawyers
▼ + stars: | 2023-10-26 | by ( Corinne Ramey | James Fanelli | ) www.wsj.com time to read: +1 min

FTX founder Sam Bankman-Fried is on trial for fraud and conspiracy charges after the collapse of his crypto empire last year. WSJ’s Alexander Osipovich breaks down what happened to FTX and what to look for as the trial unfolds. Photo illustration: Annie ZhaoFTX founder Sam Bankman-Fried previewed a potential defense Thursday when he told a federal judge that he relied on the blessing of lawyers to make business decisions such as deleting communications and making loans to himself, actions that prosecutors said allowed him to commit the crimes that led to the implosion of his crypto exchange. Bankman-Fried, on trial for fraud, money laundering and other offenses, had been expected to testify in front of a Manhattan federal jury on Thursday afternoon. Instead, in what amounted to an unusual practice session after the jury was dismissed for the day, U.S. District Judge Lewis Kaplan required the FTX founder to walk through several subjects that were in dispute so the judge could rule on what Bankman-Fried could say to jurors.

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao FTX, Fried, District Judge Lewis Kaplan Organizations: District Locations: U.S

☆ Sam Bankman-Fried to Take the Stand in Fraud Trial
▼ + stars: | 2023-10-25 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Persons: Sam Bankman, WSJ’s Alexander Osipovich, Annie Zhao FTX, Fried, Mary, Mark Cohen, Cohen Organizations: New Locations: New York

☆ Trump’s Incendiary Rhetoric Costs Him in Courtroom, Risks Votes in 2024
▼ + stars: | 2023-10-24 | by ( Alex Leary | ) www.wsj.com time to read: 1 min

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Photo Illustration: Annie ZhaoDERRY, N.H.—Donald Trump has attacked judges and prosecutors as “thugs” and psychopaths, called for shoplifters to be shot, suggested now-retired Gen. Mark Milley could be executed for treason, and joked about last year’s violent assault of Rep. Nancy Pelosi’s (D., Calif.) husband. All the while, the former president has riled up supporters who largely think Trump is being persecuted. “The silent majority can no longer remain silent,” read a recent fundraising email.

Persons: Donald Trump, Annie Zhao DERRY, — Donald Trump, ”, Mark Milley, Nancy Pelosi’s, Trump Locations: N.H, Calif

Former President Donald Trump is facing four separate indictments at both state and federal levels. WSJ breaks down each of the indictments and what they mean for his 2024 presidential campaign. Ellis agreed to cooperate with prosecutors in exchange for a sentence that avoids jail time. Her decision to cooperate could be particularly harmful to Rudy Giuliani , another former lawyer for Trump who crisscrossed the country with Ellis in late 2020 promoting baseless voter fraud theories. Giuliani, Trump and the other 13 co-defendants without plea deals earlier pleaded not guilty to the charges against them, including racketeering.

Persons: Donald Trump, Annie Zhao ATLANTA, Jenna Ellis, Donald Trump’s, Fani Willis, Ellis, Rudy Giuliani, Giuliani, Trump Organizations: Trump Locations: Fulton County

☆ Trump Files New Arguments for Dismissal of Election-Interference Charges
▼ + stars: | 2023-10-24 | by ( Sadie Gurman | ) www.wsj.com time to read: 1 min

WSJ breaks down four separate indictments that former President Donald Trump is facing—and what they mean for his 2024 campaign. Photo Illustration: Annie ZhaoWASHINGTON—Donald Trump’s lawyers stepped up their challenges to federal charges that the former president conspired to overturn his 2020 election loss, arguing in court filings that the indictment violates his free-speech rights and targets him because he is President Biden’s chief rival for the White House in 2024. The long-shot legal motions represent Trump’s latest effort to have dismissed his federal election-interference prosecution and add to a mounting pile of requests under consideration by U.S. District Judge Tanya Chutkan , who has indicated she has a low tolerance for politics in her courtroom.

Persons: Donald Trump, Annie Zhao WASHINGTON — Donald Trump’s, Biden’s, Tanya Chutkan Organizations: White House, U.S

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