WSJ Minute Briefing - Walmart Becomes the Biggest Retailer to Raise Prices Due to Tariffs

Plus: Coinbase says cybercriminals stole customer data and sought ransom. And Federal Reserve chair Jerome Powell says the Fed is adjusting its policy framework due to changes in inflation and interest rates since 2020. Ariana Aspuru hosts.


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Headlines From The Times - California’s Budget Cuts, Menendez Parole Bid, Waymo Recall, and Electric Tugboats

California faces a $39 billion deficit, prompting Governor Newsom to propose deep spending cuts, including changes to Medi-Cal. The Menendez brothers may soon be eligible for parole after a new sentencing decision. Waymo recalls over 1,200 self-driving cars following minor crashes tied to a software issue. And a Torrance startup aims to electrify tugboats at the Port of Los Angeles, marking a major shift toward cleaner maritime operations.

Headlines From The Times - Trump’s Saudi Deal, California’s Income Crisis, and Olympic Studio Plans

Trump signs a $600 billion deal with Saudi Arabia, including a record defense package. In California, making under $100K now qualifies as low income in several counties. Hollywood Park will become the global media hub for the 2028 Olympics with a new movie studio. Meanwhile, inflation slows again—but experts say Trump’s tariffs may raise prices later this year.

WSJ Minute Briefing - S&P Turns Positive for the Year on Muted Inflation Data

U.S. stocks end mostly higher after the consumer-price index shows prices rose 2.3% in the 12 months through April. Plus: Coinbase shares surge on news the crypto exchange will join the S&P 500. And shares of Boeing rise after China lifts a ban on new deliveries of the company’s planes. Pierre Bienaimé hosts.


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