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Saudi Arabia Expands Crackdown on Elite

Saudi Arabia Expands Crackdown on Elite

Saudi Arabia is moving quickly to broaden its crackdown on alleged corruption among the country’s elite, with authorities detaining more prominent businessmen and freezing dozens of bank accounts. More arrests are promised.

Published 2 months ago

Activist William Ackman Loses Bid for ADP Board Seats

Activist William Ackman Loses Bid for ADP Board Seats

Activist investor William Ackman lost his bid for three seats on the board of Automatic Data Processing after a three-month fight over the future of the human-resources company that turned personal and antagonistic.

Published 2 months ago

Beleaguered Venezuela Becomes Cheap Source of Expert Labor

Beleaguered Venezuela Becomes Cheap Source of Expert Labor

The World Bank ranks Venezuela 187th in terms of ease of doing business, just behind war-torn South Sudan. But Gabriel Jiménez says his crisis-hit native country is a great place to hire people for his tech startup.

Published 2 months ago

American Retail Has a Coffee Problem

American Retail Has a Coffee Problem

America’s coffee market is getting too crowded. Consumers’ hankering for caffeine and quality coffee at that fueled a big build out of cafes in the last five years, especially in dense urban areas.

Published 2 months ago

President Is Losing Support in ‘Trump Counties,’ a WSJ/NBC News Poll Finds

President Is Losing Support in ‘Trump Counties,’ a WSJ/NBC News Poll Finds

Nearly one year after Donald Trump’s upset election victory, support for the president is eroding in counties that were most responsible for his election, a new Wall Street Journal/NBC News poll finds. But Democrats have not yet managed to turn Mr. Trump’s weakness in those precincts into gains.

Published 2 months ago

Bridgewater Paid Over $1 Million to Employee Pushed Out After Relationship With Dalio’s Right-Hand Man

Bridgewater Paid Over $1 Million to Employee Pushed Out After Relationship With Dalio’s Right-Hand Man

Bridgewater, the world’s largest hedge fund, paid a $1 million-plus settlement to a woman who was pushed out after engaging in a consensual relationship with top executive Greg Jensen, and shortly after heard from another female employee that Mr. Jensen had groped her buttocks.

Published 2 months ago

Tricky Balancing Act Faces New York Fed Search Committee

Tricky Balancing Act Faces New York Fed Search Committee

Help Wanted: A senior executive with a keen knowledge of markets and economics, but who isn’t too close to Wall Street because he or she will be responsible for regulating some of the world’s biggest banks.

Published 2 months ago

U.S. Allies Fear Trump Will Pull a Nixon in China

U.S. Allies Fear Trump Will Pull a Nixon in China

The question for Asian governments anxious about an impulsive U.S. president looking for a foreign-policy success: Will he be tempted to strike a bargain?

Published 2 months ago

What to Watch as Virginia and New Jersey Votes Are Tallied

What to Watch as Virginia and New Jersey Votes Are Tallied

Tuesday’s gubernatorial races in Virginia and New Jersey are the first big, statewide elections since Donald Trump won the presidency. Both parties will be looking at the results for signals about the broader political landscape ahead of next year’s elections for the House and Senate.

Published 2 months ago

In Early Draft, Comey Called Clinton ‘Grossly Negligent’ in Handling Emails

In Early Draft, Comey Called Clinton ‘Grossly Negligent’ in Handling Emails

Former FBI Director James Comey’s early draft of a statement concerning allegations that Hillary Clinton and her top aides mishandled classified information called the former secretary of state’s actions “grossly negligent,” according to records described Monday in a letter from a top-ranking Republican senator.

Published 2 months ago

Adviser Told Trump Campaign of Moscow Trip

Adviser Told Trump Campaign of Moscow Trip

President Donald Trump’s campaign team was briefed before and after foreign-policy adviser Carter Page’s trip to Moscow last year, with Mr. Page saying upon his return that he had gotten “incredible insights and outreach” from senior members of Russian President Vladimir Putin’s administration, newly released testimony reveals.

Published 2 months ago

Northeastern States Wager on Gambling Expansion

Northeastern States Wager on Gambling Expansion

The proliferation of legalized gambling in the Northeast is showing no signs of abating with states and developers continuing to push more casinos, in some cases to help fund state budgets and ward off competition.

Published 2 months ago

Tax Overhaul Faces Major Hurdles

Tax Overhaul Faces Major Hurdles

A House committee began considering a bill Monday that would reduce taxes by $1.4 trillion over 10 years, but disagreements over key pieces of the measure could force the GOP to make changes and slow down plans to pass it by year’s end.

Published 2 months ago

U.S. Military Failed to Send Texas Gunman’s Conviction Record to FBI

U.S. Military Failed to Send Texas Gunman’s Conviction Record to FBI

The U.S. military failed to submit the conviction record of Texas church gunman Devin Patrick Kelley to the Federal Bureau of Investigation following a 2013 court-martial conviction, a lapse that could explain why Kelley was allowed to purchase guns in more recent years.

Published 2 months ago

For Investors, Saudi Crackdown Sparks Hope, Risks Uncertainty

For Investors, Saudi Crackdown Sparks Hope, Risks Uncertainty

A far-reaching crackdown that extends into Saudi Arabia’s business elite has abruptly raised the stakes for global investors just as the kingdom embarks on a campaign to lure foreign capital to help overhaul its oil-dependent economy.

Published 2 months ago