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The chipmaker’s stock was down less than 1%. Plus: Spam maker Hormel Foods announces price increases. Katherine Sullivan hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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P.M. Edition for Aug. 28. The Treasury Department has put out a report about a Chinese money laundering network that has moved billions of dollars through U.S. banks, and how that money is being used to support criminals like Mexican drug cartels. WSJ reporter Dylan Tokar joins to discuss how the network functions, and what the Trump administration is planning to do about it. Plus, Federal Reserve governor Lisa Cook files a lawsuit over President Trump’s attempt to fire her. And starting at midnight tonight, shipments of goods to the U.S. worth $800 or less will be subject to tariffs. We hear from Journal reporter Esther Fung about who will be footing the bill. Alex Ossola hosts.
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Plus: Best Buy posts surprise sales increase as consumer spending on electronics held up despite higher prices. And CrowdStrike swung to a loss in the second quarter. Julie Chang hosts.
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Plus: The eurozone’s economic outlook fell in August. Russia launches its deadliest attack on Ukraine since Trump’s Alaska summit with Putin. Alex Ossola hosts.
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Plus: China’s BYD outsells Tesla in Europe again. And Taco Bell rethinks the use of voice AI at its drive-throughs. Julie Chang hosts.
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Plus: President Trump fires a member of the railroad regulator that’s evaluating a merger between Union Pacific and Norfolk Southern. And, BYD outsells Tesla in Europe. Azhar Sukri hosts.
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A.M. Edition for Aug 28. Nvidia posts another record quarter, but Journal Heard on the Street columnist Dan Gallagher says its $4 trillion-plus valuation sets an awfully high bar that even strong numbers don’t always meet. Plus, The White House says it has fired the director of the Centers for Disease Control, following clashes with Robert F. Kennedy Jr. over the agency’s guidance on vaccines. And WSJ economics reporter Justin Lahart unpacks new research that shows AI’s effect on job prospects for young Americans. Azhar Sukri hosts.
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Plus: S&P closes at record high. Kohl’s stock surges on positive sales report. And shares of Cracker Barrel rally after the restaurant chain reverts to its old logo. Katherine Sullivan hosts.
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An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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P.M. Edition for Aug. 27. Federal Reserve governor Lisa Cook has vowed to fight President Trump’s effort to remove her from her post—a legal challenge likely to end up in front of the Supreme Court. WSJ Supreme Court correspondent Jess Bravin talks about the legal precedents for the president’s moves, and how such a case might be decided. Plus, we have the latest on the shooting at a Catholic school in Minneapolis that left two children dead. And the FBI says that Salt Typhoon, the Beijing-linked yearslong espionage campaign, was much more extensive than investigators had previously understood. WSJ editor Aruna Viswanatha joins to discuss just how huge it really was. Alex Ossola hosts.
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Plus: Three people have been indicted in a case about stolen TSMC chip secrets. And Amazon plans to extend new employment offers to Whole Foods’ U.S. corporate employees. Julie Chang hosts.
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