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Senate Health Bills Struggle to Win White House Backing

Senate Health Bills Struggle to Win White House Backing

Two Senate bills aimed at shaping the future of the Affordable Care Act are facing uncertainty, as the White House voices tepid support for an ACA repeal effort and opposition to a bipartisan bill to shore up insurance markets.

Published 4 months ago

Hackers’ Latest Weapon: Cyber Extortion

Hackers’ Latest Weapon: Cyber Extortion

Hacks involving HBO and Netflix in recent months have shed light on the growing threat of cyber extortion. Instead of simply stealing passwords or credit-card data, hackers try to unearth corporate secrets that they then threaten to make public if victims don’t pay.

Published 4 months ago

How an Alibaba Spinoff Created the World’s Largest Money-Market Fund

How an Alibaba Spinoff Created the World’s Largest Money-Market Fund

In just four years, a money-market fund created by an Alibaba affiliate has become the world’s largest, accruing 370 million account holders and $211 billion in assets. As its model is replicated, the government is enforcing new regulations.

Published 4 months ago

Bain-Apple Group Sign Letter of Intent to Buy Toshiba’s Chip Business

Bain-Apple Group Sign Letter of Intent to Buy Toshiba’s Chip Business

A group including private-equity firm Bain Capital and Apple signed a letter of intent to buy Toshiba’s chip business for more than $18 billion.

Published 4 months ago

Russia-Backed News Outlets Come Under Justice Department Scrutiny

Russia-Backed News Outlets Come Under Justice Department Scrutiny

Russian government-backed news outlets RT and Sputnik are facing Justice Department scrutiny over whether they are operating in the U.S. as foreign agents, under a law written to regulate propaganda and lobbying by foreign governments.

Published 4 months ago

iPhone X First Look: About-Face

iPhone X First Look: About-Face

Get ready for your closeup, because Apple’s new flagship iPhone X is all about the cameras, writes Geoffrey A. Fowler.

Published 4 months ago

Goldman Banks on Lending to Grow

Goldman Banks on Lending to Grow

Goldman Sachs is now looking to the lower-octane business of lending to spur growth.

Published 4 months ago

Supreme Court Reinstates Trump Travel Ban’s Restrictions on Refugees

Supreme Court Reinstates Trump Travel Ban’s Restrictions on Refugees

The Supreme Court again ordered the reinstatement of the Trump administration’s controls on refugee entry into the U.S., another shift in the seesaw legal battle over President Donald Trump’s temporary travel ban.

Published 4 months ago

Herculean Task as Crews Race to Restore Power Cut by Irma

Herculean Task as Crews Race to Restore Power Cut by Irma

Block by block and city by city, utilities face one of the largest power-restoration challenges in U.S. history as they bring back electricity to more than 15 million people left in the dark after Hurricane Irma.

Published 4 months ago

CEO’s Fall Clouds Prospects for Fintech Firm SoFi

CEO’s Fall Clouds Prospects for Fintech Firm SoFi

Mike Cagney’s departure casts uncertainty over the upstart’s business prospects, its bid to open a bank and plans for an eventual public offering.

Published 4 months ago

Apple Unveils New iPhone X To Fend Off Growing Competition

Apple Unveils New iPhone X To Fend Off Growing Competition

Apple’s iPhone X, with a price starting at $999, has “Face ID” facial-recognition system and starts shipping Nov. 3.

Published 4 months ago

Dow, S&P 500, Nasdaq Close at Record Highs

Dow, S&P 500, Nasdaq Close at Record Highs

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite closed at records, as investors regained confidence after skirting several dire scenarios.

Published 4 months ago

Goldman’s New Obsession: Adding $5 Billion in Revenue

Goldman’s New Obsession: Adding $5 Billion in Revenue

After years of cutting, Goldman Sachs Group Inc. is in growth mode, though big questions remain over the future of its debt-trading arm.

Published 4 months ago

Wall Street Journal’s Joseph Rago Died of Natural Causes, Mecial Examiner Says

Wall Street Journal’s Joseph Rago Died of Natural Causes, Mecial Examiner Says

Joseph Rago, The Wall Street Journal Pulitzer Prize-winning editorial writer, died of natural causes in July, according to the New York City medical examiner.

Published 4 months ago

J.P. Morgan’s Dimon Says Third-Quarter Trading Revenue Likely to Fall

J.P. Morgan’s Dimon Says Third-Quarter Trading Revenue Likely to Fall

J.P. Morgan Chase Chief Executive James Dimon said trading is likely to fall around 20% in the third quarter compared to the year earlier period.

Published 4 months ago