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Evacuations Ordered as Wildfires Expand in California’s Napa County | WSJ News
WSJ News· 2025-08-24 22:23
The Pickett Fire in California’s Napa County grew over the weekend as people in the area experienced a heatwave with near-record temperatures. Photo: Noah Berger/Associated Press #WSJ #Wildfires #California ...
Inside Trump's Built-Up ICE Training School #wsj #immigration #trump
WSJ News· 2025-08-23 00:07
I'm in Georgia today at the facility where ICE officers get trained. Now, I came down here because Trump is trying to hire 10,000 new deportation officers and we're getting a look at how those officers are being trained and in particular how the government is trying to fasttrack that training to make sure those officers get out on the street fast. Former ICE officials say the risk is that the agency will cut corners under pressure by graduating officers who are underqualified or undertrained.The White House ...
Canada to Remove Tariffs on Some U.S. Goods to Keep ‘Best Trade Deal’ | WSJ News
WSJ News· 2025-08-22 18:57
So, let's be absolutely clear. Canada currently has the best trade deal with the United States. And while it's different from what we had before, it is still better than that of any other country.So, as we work to address outstanding trade issues with the United States, it's important, it's vital, we do everything we can to preserve this unique advantage for Canadian workers, Canadian businesses, and doing so will require both building on a soontobe revised KUSA, our free trade agreement with the US and Mex ...
Trump Says U.S. Will Take Nearly 10% Stake in Intel | WSJ News
WSJ News· 2025-08-22 18:45
Government & Industry Relations - The United States government considered taking a 10% stake in Intel [1][3] - The consideration stemmed from concerns about Intel falling behind competitors like Nvidia and the shift of chip manufacturing to foreign countries, particularly Taiwan [3] - The government proposed implementing tariffs of 100%-500% on companies selling into the United States to prevent further relocation of manufacturing [3] Company Performance & Strategy - Intel was once the biggest and most powerful chip company in the world [3] - Intel has been left behind compared to companies like Nvidia [3]
WSJ Correspondent on Key Moments From Powell's Jackson Hole Speech | WSJ News
WSJ News· 2025-08-22 18:16
Economic Outlook - The Fed Chair Jerome Powell's speech addresses the shifting balance of risks, potentially warranting adjustments to the policy stance [1] - The labor market's unusual balance, resulting from slowing supply and demand for workers, suggests rising downside risks to employment [2] - Labor Department revisions in job growth figures for May and June altered the perception of the labor market's strength [3] Inflation and Tariffs - Tariffs are now feeding into goods prices, with the effects expected to be relatively short-lived, representing a one-time shift in the price level [4] - The impact of tariffs could take months or quarters to filter through the entire supply chain ecosystem [5] - Risks to inflation are tilted to the upside [6] Monetary Policy - A slowing labor market may lead the Fed to cut interest rates [6] - Intense pressure from President Trump and his senior economic advisors urging the Fed to cut interest rates [5]
Powell Highlights State of the Economy, Labor Market at Jackson Hole Speech | WSJ News
WSJ News· 2025-08-22 15:28
Economic Conditions & Policy Stance - The economy faced new challenges, including significantly higher tariffs from trading partners reshaping the global trading system [2] - Tighter immigration policies led to an abrupt slowdown in labor force growth [2] - Changes in tax, spending, and regulatory policies may have important implications for economic growth and productivity [3] - Downside risks to employment are rising, potentially leading to sharply higher layoffs and rising unemployment [4] - The policy rate is now 100 basis points (1%) closer to neutral than a year ago [6] - Monetary policy is not on a preset course; decisions are based on data assessment and its implications for the economic outlook and balance of risks [7] Inflation & Employment - Risks to inflation are tilted to the upside, while risks to employment are tilted to the downside in the near term [5] - The labor market appears to be in balance, but it's a balance resulting from a marked slowing in both the supply of and demand for workers [3] - The stability of the unemployment rate allows for careful consideration of policy stance changes [6] Monetary Policy Implications - The framework calls for balancing both sides of the dual mandate (inflation and employment) [6] - With policy in restrictive territory, the shifting balance of risks may warrant adjusting the policy stance [6] - The restrictive policy stance was appropriate to help bring down inflation and foster a sustainable balance between aggregate demand and supply [1]
FBI Raids Former Trump Adviser John Bolton’s Home | WSJ News
WSJ News· 2025-08-22 15:21
I saw it on television this morning. I'm not a fan of John B. He's a uh not a smart guy, but he could be a very unpatriotic guy.I mean, we're going to find out. I know nothing about it. I just saw it this morning.They did a raid. Thank you all. We will be taking a break, but you can keep your seat as our speaker.kick off by that cryptic. ...
Watch: SpaceX Blasts X-37B Space Plane Into Orbit | WSJ News
WSJ News· 2025-08-22 08:24
Flight Status - Engine ignition sequence initiated: "3 2 1 engines full power and lift off" [1] - Vehicle trajectory indicates a downward pitch [1] - Chamber pressure is within nominal (expected) range [1] - Vehicle achieved supersonic speed [1] Aerodynamic Considerations - Vehicle passed through Max Q, the point of maximum aerodynamic pressure during flight [1]
After Trump Summits, Russia Intensifies Attacks on Ukraine
WSJ News· 2025-08-21 12:16
[Music] [Music] [Music] [Music] [Music] The president certainly expects Europe to play the leading role here. And what he said very clearly is, look, the United States is open to having the conversation, but we're not going to make commitments until we figure out what's going to be necessary to stop the war in the first place. [Music]. ...
China’s Xi Calls for ‘Ethnic Unity’ in Rare Visit to Tibet | WSJ News
WSJ News· 2025-08-21 09:53
President Xi Jinping visits Tibet to commemorate six decades since China created the autonomous region. Photo: Yan Yan/Xinhua/AP ...