Saudi Arabia, OPEC?s Anchor, Ponders a Future Without the Cartel

The Wall Street Journal(USA) 2018-11-08 19:04:00

Saudi Arabia’s top government-funded think tank is studying the possible effects on oil markets of a breakup of OPEC, a remarkable research effort for a country that has dominated the oil cartel for nearly 60 years.

Tesla Taps Boss to Oversee Musk

The Wall Street Journal(USA) 2018-11-09 00:38:00

Tesla named board member Robyn Denholm as its chairman, tasking her with overseeing one of the business world’s most freewheeling figures at a pivotal moment for the electric-vehicle company.

Nancy Pelosi’s Bid to Be Speaker Isn’t Quite a Done Deal

The Wall Street Journal(USA) 2018-11-09 00:27:00

Nancy Pelosi is acting as though she has locked up the speaker’s gavel, but she needs as many as 218 votes, and some veteran and newly elected Democratic lawmakers have pledged not to vote for her.

Walt Disney Posts Record Annual Profit

The Wall Street Journal(USA) 2018-11-08 21:24:00

Disney turned in a strong financial performance in the latest period, as its parks-and-resorts and studio-entertainment segments helped it deliver record profit and revenue for the year.

Senate, House Seats Remain Unclaimed as Vote Counting Continues

The Wall Street Journal(USA) 2018-11-08 20:12:00

Democrat Lucy McBath unseated Republican incumbent Karen Handel in Georgia’s sixth congressional district, adding to the Democrats’ new majority in the House with more than a dozen contests still undecided.

Election Shifts Health-Care Landscape Across the U.S.

The Wall Street Journal(USA) 2018-11-08 19:39:00

The midterms abruptly shifted the health-care landscape across the country, strengthening the position of the Affordable Care Act and resulting in a divided Congress that could mean most changes unfold on the state level.

Saudi Arabia, OPEC’s Anchor, Ponders a Future Without the Cartel

The Wall Street Journal(USA) 2018-11-08 19:04:00

Saudi Arabia’s top government-funded think tank is studying the possible effects on oil markets of a breakup of OPEC, a remarkable research effort for a country that has dominated the oil cartel for nearly 60 years.

Fed Holds Rates Steady, Signals More Rate Increases Ahead

The Wall Street Journal(USA) 2018-11-08 19:01:00

The Federal Reserve held short-term interest rates steady Thursday and offered a mostly upbeat assessment of the economy’s performance, suggesting another rate increase is likely at its next meeting.

Appeals Court Rules Against Trump on Cancelling DACA Protections

The Wall Street Journal(USA) 2018-11-08 18:21:00

A U.S. appeals court has ruled that the Trump Administration can’t cancel of rules—known as DACA— which protect undocumented immigrants who came to U.S. as children.

Appeals Court Rules Against Trump on Canceling DACA Protections

The Wall Street Journal(USA) 2018-11-08 18:21:00

An appeals court rejected the Trump administration’s bid to move ahead with its cancellation of a program that protects undocumented immigrants who came to the U.S. as children.

Brian Kemp Resigns as Georgia Election Head to Plan for Governor Job; Stacey Abrams Not Conceding

The Wall Street Journal(USA) 2018-11-08 18:12:00

Republican Brian Kemp, the self-declared winner of Georgia’s contentious gubernatorial election, announced he was resigning as secretary of state to focus on the transition to his new office. The move follows calls by Ms. Abrams and others to step down so he wouldn’t oversee an election in which he was a candidate

Chevron, the Last U.S. Oil Major in Venezuela, Debates: Should It Stay?

The Wall Street Journal(USA) 2018-11-08 18:07:00

It’s both a moral and commercial choice. Profits are drying up amid corruption and a social and economic crisis. Chevron has weighed leaving, given the taint of working with the Maduro government, but fears a withdrawal could make things worse for the country.

Chevron Stayed in Venezuela Long After Rivals Quit. It’s Having Second Thoughts

The Wall Street Journal(USA) 2018-11-08 18:07:00

It’s both a moral and commercial choice. Profits are drying up amid corruption and a social and economic crisis. Chevron has weighed leaving, given the taint of working with the Maduro government, but fears a withdrawal could make things worse for the country.

Chevron Stayed in Venezuela Long After Rivals Quit. It’s Having Second Thoughts.

The Wall Street Journal(USA) 2018-11-08 18:07:00

It’s both a moral and commercial choice. Profits are drying up amid corruption and a social and economic crisis. Chevron has weighed leaving, given the taint of working with the Maduro government, but fears a withdrawal could make things worse for the country.

Washington Gets Ready for Matthew Whitaker at Justice Department

The Wall Street Journal(USA) 2018-11-08 17:56:00

Justice Department officials, members of Congress and Special Counsel Robert Mueller’s team prepared for the arrival of Matthew Whitaker, President Trump’s pick to lead the department after the departure of Jeff Sessions.

Google to End Forced Arbitration for Sexual-Harassment Claims

The Wall Street Journal(USA) 2018-11-08 17:07:00

Google said it would end its requirement for employee sexual harassment claims to be handled in private arbitration, a move that comes one week after thousands of workers walked out of the company’s offices around the world to protest its handling of workplace issues.

Right on the Election, Dead Wrong on the Market Reaction

The Wall Street Journal(USA) 2018-11-08 15:37:00

I had a well-worked-out forecast for what would happen to stocks after the midterm elections. Here’s why it turned out to be 100% wrong.

Justice Ruth Bader Ginsburg Is Hospitalized After Fall

The Wall Street Journal(USA) 2018-11-08 14:21:00

Supreme Court Justice Ruth Bader Ginsburg was hospitalized after falling in her office and fracturing three ribs.

House Republicans Prepare for New Minority Role

The Wall Street Journal(USA) 2018-11-08 13:00:00

House Republicans began openly maneuvering ahead of next week’s House GOP leadership elections after months of below-the-radar jockeying as GOP lawmakers braced to return to the chamber’s minority for the first time since 2011.

House Republicans Jockey for Power Posts in New Minority Role

The Wall Street Journal(USA) 2018-11-08 13:00:00

House Republicans began openly maneuvering ahead of next week’s House GOP leadership elections after months of below-the-radar jockeying as GOP lawmakers braced to return to the chamber’s minority for the first time since 2011.

Oil Falls on Rising U.S. Inventories, Worries of Oversupply

The Wall Street Journal(USA) 2018-11-08 12:00:00

Oil prices fell Thursday morning, as increasing U.S. crude stockpiles reignited worries about an oversupplied market.

In Russia, McDonald’s Serves Local Fries and a Side of Realpolitik

The Wall Street Journal(USA) 2018-11-08 12:00:00

Once an ambassador of American culture in post-Soviet Russia, McDonald’s is now navigating rising U.S.-Kremlin tensions. To stay above the fray, the chain is taking a new tack: Go Russian.

U.S. Oil Enters Bear Market on Rising Inventories, Worries of Oversupply

The Wall Street Journal(USA) 2018-11-08 12:00:00

U.S. oil prices traded in bear-market territory intraday Thursday, with prices declining for a ninth straight session on worries over rising U.S. crude oil inventories and concerns of a global supply surplus that could overwhelm demand.

Democrats’ House Victory Complicates Passage of New Nafta, Trade Deals

The Wall Street Journal(USA) 2018-11-08 10:30:00

The Trump administration is facing a heated trade battle with Congress after the Democratic Party retook the House of Representatives, posing a significant challenge to President Trump’s deal with Mexico and Canada.

Federal Reserve Likely to Keep Interest Rates Steady

The Wall Street Journal(USA) 2018-11-08 10:30:00

Federal Reserve officials are expected to keep interest rates steady at their two-day policy meeting that concludes Thursday. They will likely discuss the economy, financial markets and the future path of rates, among other topics.

Philadelphia Fights Gridlock With Ticket Blitz

The Wall Street Journal(USA) 2018-11-08 10:30:00

Average vehicle speeds in the largest U.S. cities are slow, and getting slower, and Philadelphia is fighting back.

Two Areas Where Congress Can Make Bipartisan Progress

The Wall Street Journal(USA) 2018-11-08 10:30:00

In a press conference following the midterm election, President Trump said he hopes to work with Democrats on specific issues. WSJ s Gerald F. Seib explains two areas where the two parties could work together. Photo: Getty

12 Killed in Southern California Bar Shooting

The Wall Street Journal(USA) 2018-11-08 08:48:00

A gunman opened fire at a crowded country-music bar in Thousand Oaks, Calif. A county sheriff’s sergeant was killed in the incident, and the suspect also was confirmed dead.

Eleven Injured in Bar Shooting in Thousand Oaks, California

The Wall Street Journal(USA) 2018-11-08 08:48:00

Eleven people were injured in a shooting at a bar late Wednesday in Thousand Oaks, Southern California, authorities said.

Twelve Killed in Bar Shooting in Thousand Oaks, California

The Wall Street Journal(USA) 2018-11-08 08:48:00

Twelve people were killed after a gunman opened fire at a crowded country-music bar late Wednesday in Southern California, authorities said.

Toshiba Expects Nearly $1 Billion Hit to Get Out of U.K. Nuclear, U.S. Gas Businesses

The Wall Street Journal(USA) 2018-11-08 06:59:00

Toshiba said it would liquidate its U.K. nuclear business and sell its U.S. natural-gas business, taking a combined loss of nearly $1 billion.

Tesla Names Robyn Denholm as Chairman to Replace Elon Musk

The Wall Street Journal(USA) 2018-11-08 06:49:00

The chief financial officer of Australian telecommunications firm Telstra will face the difficult task of overseeing Mr. Musk, who will remain CEO.

Tesla Names Telstra Executive to Replace Elon Musk as Chairman

The Wall Street Journal(USA) 2018-11-08 06:49:00

Robyn Denholm, the chief financial officer of the Australian telecommunications company, will face the difficult task of overseeing Mr. Musk, who will remain CEO.

Meet Tesla’s New Chairman, Who Has to Oversee Elon Musk

The Wall Street Journal(USA) 2018-11-08 06:49:00

Tesla named Robyn Denholm as its new chairman, replacing CEO Elon Musk as the head of the board with a relative outsider who will face the difficult task of overseeing the maverick billionaire.

White House Suspends CNN Correspondent Jim Acosta’s Press Pass

The Wall Street Journal(USA) 2018-11-08 03:46:00

The White House has suspended CNN correspondent Jim Acosta’s press credential after he and President Trump clashed again during a postelection news conference.

Google Plans Large New York City Expansion

The Wall Street Journal(USA) 2018-11-08 00:23:00

Google is gearing up for an expansion of its New York City real estate that could add space for more than 12,000 new workers, an amount nearly double the search giant’s current staffing in the city.

Leading Candidates to Replace Jeff Sessions as Attorney General

The Wall Street Journal(USA) 2018-11-08 00:23:00

President Trump has been talking to advisers for months about a potential replacement for Jeff Sessions. Alex Azar, Pam Bondi and Rudy Giuliani are among his leading picks.

What the Midterm Election Shows: America’s Two Parties Live In Divergent Worlds

The Wall Street Journal(USA) 2018-11-07 23:52:00

Extending a yearslong phenomenon, Republicans are becoming the party of rural, white America, while Democrats find support from cities and suburbs. The realignment presents problems for both in figuring out a long-term strategy for national success, with 2020 looming.

Amazon’s Attention Raises Hopes, Fears for Long Island City’s Infrastructure

The Wall Street Journal(USA) 2018-11-07 23:36:00

As the retail giant eyes the fast-growing Queens neighborhood for its new headquarters, residents voice concerns about overdevelopment and hopes for necessary upgrades to schools, sewers, and transit.

Trump to Sign Immigration Directive Revamping Asylum System

The Wall Street Journal(USA) 2018-11-07 22:18:00

President Trump is expected to sign a directive that will make official his plans to revamp the U.S. asylum system, part of his broader push to crack down on undocumented migrants entering the U.S. illegally.

Fed Could Move Again Soon to Keep Short-Term Rates in Check

The Wall Street Journal(USA) 2018-11-07 21:16:00

The Federal Reserve appears ready to make another tweak that will slow the rise of a key short-term interest rate by the end of the year, analysts say.

Attorney General Jeff Sessions Pushed Out of Trump White House

The Wall Street Journal(USA) 2018-11-07 19:44:00

Attorney General Jeff Sessions was pushed out of his post by President Trump on Wednesday, immediately placing oversight of the special counsel’s Russia probe in the hands of an official who has been critical of it.

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