The Japanese conglomerate placed billions in options bets on fast-rising tech stocks. Investors say that turbocharged the tech sector.
WSJ News Exclusive
Drug makers developing Covid-19 vaccines plan to issue a pledge not to seek government approval until the shots have proven to be safe and effective, an unusual joint move among rivals that comes as they work to address concerns over a rush to mass vaccination.
The Dow Jones Industrial Average swung more than 850 points from its high to its low as investors pounced on the recent pullback in technology stocks.
The U.S. unemployment rate dropped below 10% for the first time since March and payrolls rose by 1.4 million as the economy continued to recover from the steep downturn triggered by the pandemic.
Venezuela sees its production dwindle after decades of graft and mismanagement under Chávez and Maduro regimes, and now the burden of U.S. sanctions. The last drilling rig in the country has shut down.389
The 48-year-old who was fatally shot by officers faced charges of second-degree murder with a firearm and unlawful use of a weapon in connection with the killing last Saturday of Aaron “Jay” Danielson in Portland, Ore.
The pizza delivery giant is one of several companies thriving in a time of touchless transactions, robotics, online commerce and decentralized offices. Their successes may define the business world for a long time to come.41
Amazon to UPS, Boeing to Tesla, here’s a glimpse at the ways major U.S. businesses are navigating these challenging times.
Innovative features now make it easier to limit teen drivers’ reckless impulses. But is surveillance tech robbing them of the freedom previous generations felt behind the wheel?4
Japan’s likely next leader “started from zero” and with a dogged attitude and lack of ego, he is virtually assured to be elected party chief and then prime minister.10
Homebound TV viewers are flocking back to watch the conclusions of the coronavirus-interrupted basketball and hockey seasons.
Business & Finance
The Intelligent Investor
Many investors seem to believe that today’s giant technology companies will dominate the stock market for decades to come. Years, maybe. Decades, probably not.70
SeaWorld said it has laid off some of the park and corporate employees it furloughed earlier this year, joining companies that are making their job reductions permanent.
Federal Reserve Chairman Jerome Powell said Friday’s report showing 1.4 million Americans found or resumed work in August was good news, but the economy likely will require more government spending and low interest rates for years.11
A bankruptcy judge signed off on the department-store chain’s restructuring plan, ending one of the first major chapter 11 filings after the Covid-19 pandemic forced thousands of businesses to shut their doors this spring.
Amazon unexpectedly lost its bid last year for the project, known as Joint Enterprise Defense Infrastructure, or JEDI, and filed a protest.
U.S. & World
For more than two decades, President Alexander Lukashenko has used torture to cement his grip on power in Belarus, activists and opponents say. The U.S. and Europe have condemned a violent crackdown on protesters since he claimed victory in August’s election.6
The president and his aides rejected allegations in an Atlantic article that he had called Americans who died in war “losers” and “suckers.”
President Trump said he plans to award the Presidential Medal of Freedom to retired football coach Lou Holtz, who spoke at the Republican National Convention.
Food & Drink
This weekend, we’re savoring the last of summer with a collection of seasonal recipes shared by Wall Street Journal readers. Each one comes with a story about what this food means to a family and why they return to it each year.5
But cooking it involves zero drama. Served family style, with succulent grilled radishes and a bright-green herbal sauce, it’s on the table in 30 minutes.3
Whip up this delicious herbal condiment in minutes. It keeps in the fridge for months, ready whenever you need to liven up a dish.5
With restaurants closed or open with reduced seating, sommeliers are offering bottles for takeout, priced well below what they normally charge. Their guidance on choosing and pairing comes gratis.1
Life & Arts
Sixteen horses are set to enter the starting gate for Saturday’s Kentucky Derby. But in the eyes of bettors, it appears to be a one-horse race for the winner’s circle.22
The A-hed
Many actors have avoided seeing themselves perform, including Sopranos star Jamie-Lynn Sigler. During the pandemic, they’re watching their own shows for the first time; ‘actually way better than I thought.’17
After initially stating his intention to leave Barcelona, Lionel Messi has agreed to play out the remaining season on his contract.12
As technology evolves, so too do the rules that govern us. Here’s how to ensure you don’t become a pariah. Plus: A refresher course in Zoom decorum.43
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