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Why are salty snacks hurting Campbell’s shares? And what’s ailing Centene stock? Plus, why Petco thinks it can make a profit comeback? Host Xavier Martinez discusses the biggest stock moves of the week and the news that drove them.
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P.M. Edition for Mar. 13. Private credit has, in recent years, been a huge engine for growth on Wall Street. Now, WSJ reporter Matt Wirz says it’s sputtering as investors pull money out of big funds. Plus, the Pentagon is moving more Marines and warships to the Middle East. And in a victory for the Federal Reserve, a judge throws out two Justice Department subpoenas issued to the central bank as part of a probe into Federal Reserve Chair Jerome Powell. Alex Ossola hosts.
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A weak GDP estimate contributed to the declines. Plus: Meta shares slide after reports that it delayed releasing a new AI model. 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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Plus: Uber is speeding up its rollout of robotaxi services. And EssilorLuxottica’s dominance in eyewear could erode amid smart glasses boom. Katherine Sullivan hosts.
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Plus: The U.S. economy grew more slowly than previously reported at the end of last year. And Adobe’s CEO will step down after the company finds a new leader for the AI era. Pierre Bienaimé hosts.
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Plus: FedEx plans to expand its use of AI agents. And Adobe’s CEO abruptly steps down after 18 years. Danny Lewis hosts.
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Plus: Oil prices hold above $100, despite U.S. plan to allow countries to purchase sanctioned Russian crude already at sea. And TikTok’s parent company ByteDance ramps up AI cloud computing power outside China. Daniel Bach hosts.
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A.M. Edition for Mar. 13. The U.S. military confirms that four U.S. servicemembers were killed yesterday when a refueling plane crashed in Iraq. The deaths mark the first U.S. Air Force losses since the start of the war. Plus, TikTok parent company ByteDance secures access to top Nvidia chips in its bid to compete with the world’s most popular AI apps. And WSJ’s Jennifer Williams explains how U.S. employers plan to cope with the biggest annual jump in health-insurance costs in 15 years. Luke Vargas hosts.
Check out what WSJ critics had to say about this year’s Best Picture nominees.
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Anthropic’s standoff with the Pentagon may be giving it an edge in the AI talent race, while OpenAI’s decision to make a deal with the agency has resulted in at least two resignations from high level employees. WSJ’s Meghan Bobrowsky shares the latest. Plus, WSJ enterprise tech reporter Belle Lin explains why companies are turning to digital AI clones of real people to conduct market research. Isabelle Bousquette hosts.
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P.M. Edition for Mar. 12. The economic risks of the war in Iran are getting real on Wall Street. Brent crude jumped above $100 a barrel and U.S. stocks sold off. Plus, the tie-up in the Strait of Hormuz is rippling across the global economy, and that includes sending the price of fertilizer skyrocketing. We hear from Journal agriculture reporter Patrick Thomas about what this means for U.S. farmers going into the spring planting season. And employees of medical-technology company Stryker woke up yesterday to find that their devices had been disabled due to a cyberattack. James Rundle, who covers cybersecurity for WSJ Pro, discusses how the war in the Middle East is playing out in the world of hackers. Alex Ossola hosts.
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