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Iran’s already-precarious financial system was brought to its knees by Israel-aligned hackers. The WSJ’s Angus Berwick walks us through the cyberattack. Plus: Research suggests companies should pause before promoting the AI in their AI-powered products and services. Katie Deighton hosts.
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P.M. Edition for June 30. Senators have spent hours voting on amendments and procedural motions as Republicans race to pass President Trump’s “big, beautiful bill” by their self-imposed July 4 deadline. WSJ tax policy reporter Richard Rubin gives us the latest from the U.S. Capitol. Plus, a Trump administration investigation finds that Harvard University violated students’ civil rights. We hear from Journal higher education reporter Doug Belkin about where the president’s battle against elite U.S. universities stands. And investors love stocks that pay dividends, even though finance professors have long said that dividends don’t matter. But as WSJ investing columnist Spencer Jakab tells us, it’s what people do with the dividends that really makes those investments worthwhile. Alex Ossola hosts.
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The S&P 500 and Nasdaq both end the quarter at new highs. Plus: Robinhood Markets shares surged after it launched new cryptocurrency services. And shares of building-products distributor GMS jumped after Home Depot won a bidding war to buy the company. Danny Lewis hosts.
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Plus: Apple delays rolling out some features to European users. And Robinhood launches new crypto services. Katie Deighton hosts.
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Plus: Senate Republicans kick off a marathon session to pass the “big, beautiful” tax-and-spending bill by July 4th. And Robinhood Markets makes a big push into crypto. Alex Ossola hosts.
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Plus: Canada withdraws digital tax in bid to salvage U.S. trade discussions. And China’s manufacturing activity declines for a third straight month. Luke Vargas hosts.
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A.M. Edition for June 30. The Senate is preparing for a vote-a-rama today on the president’s tax-and-spending legislation after it cleared a procedural hurdle over the weekend. WSJ reporter Richard Rubin says hours of voting on amendments to the bill will put an array of lawmakers in the driver’s seat. Read what’s in the legislation here. Plus, the EU mulls buying American arms as it scales up defenses pending, despite calls to spend locally. And stock futures rise as Canada drops a tax on tech companies in a bid to salvage trade talks with Washington. Luke Vargas hosts.
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Your Money Briefing is taking a break. Here’s a message from our producer, Ariana Aspuru, and our supervising producer, Melony Roy. We’re hitting pause to redevelop the show and will come back with a new program designed to help you manage your money and build a stronger financial future.
Thanks for listening and we’ll see you soon!
For more coverage of the markets, be sure to check out wsj.com and our other podcasts, including What's News and WSJ’s Take On the Week.
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Large companies have, in the past, been hesitant to leap onto every tech innovation and trend. But WSJ’s Steven Rosenbush says the artificial intelligence boom is different. Plus, Waymo is valued at $45 billion dollars, a far cry from Tesla’s $1-trillion valuation. WSJ Heard on the Street columnist Dan Gallagher writes that the launch of Elon Musk’s robotaxis actually shows why Google’s self-driving car company is worth more.
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This week we’re bringing you an episode of our podcast Bold Names, where hosts Tim Higgins and Christopher Mims interview leaders of the bold-named companies featured in the pages of The Wall Street Journal. In this episode, Horacio Rozanski says he is obsessed with speed. As the CEO of Booz Allen Hamilton, a company that helps government agencies leverage the latest advances in technology used by the private sector, he has insight into the global race to develop artificial intelligence–especially in the realm of warfare. How does Rozanski see the relationship between the U.S. government and Silicon Valley evolving?
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