Cleveland Fed President Reiterates Central Bank’s Resolve to Fight Stubborn Inflation

Published

2 months ago

April 5, 2023

Federal Reserve Bank of Cleveland President Loretta Mester said Tuesday inflation remains too high and stubborn, and that it could take until 2025 to bring it down to the Fed’s 2% target.

Ms. Mester also reiterated the Fed’s resolve to fight inflation while the central bank contends with the fallout of the collapse of Silicon Valley Bank last month.

“The…

Up Next

Here’s the Trump Indictment With Actual Names Added

Don't Miss

Companies Get Another Year for Some International Sustainability Disclosures

Click to comment

Climate Change Will Upend Agriculture. Here Are Five Technologies That Could Help.

Published

1 hour ago

June 4, 2023

Informer

Agriculture faces some daunting challenges from a changing climate in coming years, scientists project. Heavy rainfall is expected to become more frequent, with resulting erosion of soil decreasing available nutrients. Growing conditions are forecast to change regionally—with some places seeing a potentially longer growing season, but others seeing drier, colder ones. Disease-causing pests and insects are expected to expand their range.

World

How Chinese Dissent Found Its Voice in New York City

Published

3 hours ago

June 4, 2023

Informer

A bloody shirt, ripped banners and other evidence of Beijing’s June 4, 1989, crackdown on students in Tiananmen Square went on display this week in New York City, in the latest action by Chinese political dissidents in the Big Apple.

World

Forgoing an M.B.A. Gains Popularity in Private Equity

Published

7 hours ago

June 4, 2023

Informer

Soon after graduating from Boston College in 2017 with a bachelor’s degree in finance, Lauren Wedell landed a job as an analyst at Chicago-based investment bank William Blair & Co. She subsequently joined technology-focused investment firm Battery Ventures in 2018 as an associate and has risen to vice president.

Wedell’s career trajectory within private equity has been typical in many ways but for one crucial decision: She said she had decided there was more value in gaining two years of deal-making experience than earning…

World

Iowa Republican Gathering Features Roast Pig, Motorcycles—And a Growing 2024 Field

Published

20 hours ago

June 4, 2023

Informer

John McCormick

June 3, 2023 6:07 pm ET

DES MOINES, Iowa—A state fairgrounds stage Saturday showed just how crowded the

2024 Republican presidential field has become—even before three new entrants join next week—as candidates courted voters amid grilled pork, motorcycles and heated rhetoric.

Continue reading your article with
a WSJ subscription

Subscribe Now

Already a subscriber?

World

Sure, It’s Stylish. But This Pool House Was Built to Withstand a Hurricane

Published

1 day ago

June 3, 2023

Informer

By J.S. Marcus

June 3, 2023 1:00 pm ET

After relocating to greater Miami from Chicago in 2018, a Florida couple made only minor adjustments to the interior of the five-bedroom home they purchased for $7.34 million. The backyard pool area of the Coral Gables property, on the other hand, needed work. The existing open-air gazebo, they decided, was nice to look at but wouldn’t get much use in a climate marked by heat, humidity and the threat of storms.

World

Meet the Beetle a Car Museum Director Takes on Joy Rides

Published

1 day ago

June 3, 2023

Informer

By A.J. Baime | Photographs by Ethan Gulley for The Wall Street Journal

June 3, 2023 10:00 am ET

Terry L. Karges, executive director of the Petersen Automotive Museum, who lives in Santa Monica, Calif., on his 1962 Volkswagen Beetle, as told to A.J. Baime.

World

What Engagement With China Has Meant for Me

Published

2 days ago

June 3, 2023

Informer

Over the past decade, the relationship between the U.S. and China has gone from a symbiotic embrace—“Chimerica,” as some academics called it—to an ominous mutual rejection. There is now a bipartisan consensus in Washington that the longstanding strategy of deepening economic ties with Beijing has failed. China’s leadership, in turn, increasingly sees the U.S. as an existential threat. In both countries, anyone arguing in favor of a softer line is seen as politically naive or worse.

World

‘It’s Pretty Horrific but Fascinating Nonetheless.’ Inside the New Wave of Atomic Tourism.

Published

2 days ago

June 3, 2023

Informer

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by
our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact
Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/articles/inside-atomic-tourism-c834b3f4

World

Mallinckrodt Explores Repeat Bankruptcy as $200 Million Opioid Payment Comes Due

Published

2 days ago

June 3, 2023

Informer

Drugmaker Mallinckrodt is considering options including a repeat bankruptcy filing after emerging from chapter 11 last year as a $200 million opioid settlement payment comes due within weeks, people familiar with the matter said.

The Dublin-based drugmaker is required to make the payment to an opioid-victims compensation trust by mid-June under a $1.7 billion settlement as part of its chapter 11 exit plan. A lender group advised by law firm Gibson Dunn & Crutcher has been in discussions with the company about how it can deal…

World

Bankruptcy Judge Revives Some Sex Abuse Lawsuits Tied To Long Island Diocese

Published

2 days ago

June 2, 2023

Informer

A bankruptcy judge allowed sexual-abuse survivors to resume lawsuits against parishes and other affiliates of the Diocese of Rockville Centre in suburban Long Island, N.Y., that have been paused since its chapter 11 filing in 2020.

Judge Martin Glenn, who is presiding over the bankruptcy case of the Catholic Church’s seat in Long Island, denied the Diocese’s request to extend a stay on litigation to freeze state-court lawsuits targeting its parishes and other related entities.

Negotiations…