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How Japan’s New Prime Minister Won Trump Over During His Visit | WSJ News
WSJ News· 2025-10-28 15:36
- Mr. . President, welcome back to Japan. - Going into this summit, there was a little anxiety about how the two would get on so far as Japan and the US have had some disagreements over trade, and there's some anxiety over defense spending, but in the end, the two hit it off remarkably well.- That's a very strong handshake. - President Trump received a very warm welcome in Japan. Not long after he got off Air Force One, he was whisked to the Imperial Palace to see the Japanese emperor for a 30-minute audien ...
The Fed Is Flying Blind at Its Next Meeting: Here’s What to Watch | WSJ News
WSJ News· 2025-10-28 14:34
Monetary Policy Uncertainty - The Federal Reserve (Fed) faces uncertainty due to the government shutdown disrupting data releases, complicating decisions on interest rate cuts [1] - The market anticipates the Fed to cut interest rates at its upcoming meeting, but the meeting's outcome is less predictable than usual [1] - Disagreement exists within the Fed regarding the need for further interest rate cuts in December, with concerns split between the labor market and inflation [2] Inflation and Economic Data - September's Consumer Price Index (CPI) indicates that inflation pressures are not as severe as previously feared, but remain above the Fed's 2% target [3] - Limited recent data makes it difficult to reconcile the debate on future interest rate cuts [3] Balance Sheet Management - The Fed is expected to discuss ending the runoff of its $6.6 trillion asset portfolio, which includes bonds and securities purchased during and after the pandemic [3][4] - The Fed has been gradually reducing its holdings from a peak of $9 trillion in 2022 [4] - Recent funding pressures in overnight lending markets suggest the Fed may halt the runoff [4] Future Leadership - A new Fed chair will be appointed in May 2026, raising questions about potential future aggressive interest rate cuts [5]
Former Israeli Hostage on Rebuilding After Losing His Family to Hamas | WSJ News
WSJ News· 2025-10-27 19:33
It's really now the time that we can start to heal from our trauma. Yosi was all heart for us. We raised our families together in Kibutzberry.He used to be a surfer. He loved the sea. We loved the soccer all of us.Uh we used to do scuba diving together. And I've always been proud of him. Amazing brother. Amazing.So, I was released eight months ago on February 8, 2025. And of course, you remember every minute of that to see your loved ones and to hug them again, to be able to, you know, first of all to feel ...
Trump Dances With Performers After Landing in Malaysia for ASEAN Summit | WSJ News
WSJ News· 2025-10-26 17:32
Heat. [Music] Heat. Well, this is so exciting because we did something that a lot of people said couldn't be done and we saved maybe millions of lives on this one piece deal itself.And and I'll tell you what makes me so happy is the two countries we're dealing with. And the third that helped so much I appreciate so much. Maybe it couldn't have been done without you, but uh they really like each other.I'm not used to that when I do these deals. Usually there's a lot of hatred. They like each other.[Applause] ...
Three Charts That Help Explain What’s Behind the AI Bubble Fears | WSJ News
WSJ News· 2025-10-24 21:21
- We're hearing more and more concerns on Wall Street that the surge in AI investment is starting to resemble a bubble. - Are we in an AI bubble. - Of course.- These companies are considered major drivers of the AI trade, and they make up about a third of the S&P 500. When one of these stocks moves up or down, they can take the entire market with them. We're taking a look at three charts that help explain what's going on.This first chart takes a look at the concentration of the S&P 500 in the information te ...
Why This Canadian Ad With Reagan's Voice Angered Trump | WSJ News
WSJ News· 2025-10-24 21:12
Trade Policy & International Relations - The ad from Ontario, Canada quoted former President Ronald Reagan on the perils of protectionism and tariffs [1] - The Reagan Foundation stated the ad misrepresented Reagan's comments, but a closer look suggests otherwise [2] - Reagan's administration generally favored free trade, participating in discussions that led to the World Trade Organization [5] - Trump criticized the ad and threatened to cut off trade discussions with Canada [6] - Ontario Premier Doug Ford paused the ad campaign to facilitate trade talks with the US [6] - The US and Canada are discussing reducing US tariffs on Canadian steel and aluminum [7] - A review of the US Mexico Canada free trade agreement is scheduled for next year, injecting tension into negotiations [7] Tariffs & Trade Barriers - Tariffs can offer short-term protection but hurt American workers and consumers in the long run [3] - The US once imposed a 100% tariff on Japanese semiconductors due to concerns about dumping [4] - Reagan generally opposed tariffs, viewing them as a bad policy decision [4]
Letitia James Pleads Not Guilty in Fraud Case: ‘I Will Not Be Deterred’ | WSJ News
WSJ News· 2025-10-24 17:11
This is not about me. >> This is about all of us. >> And about a justice system which has been weaponized. >> A >> a justice system which has been a to been used as a tool of revenge. This justice system which has been used as a tool of revenge >> and a weapon against those individuals who simply did their job and who stood up for the rule of law.But my faith is strong >> and my faith is uh I have this belief in the justice system in the rule of law and I have a and I have a belief in America and all of its ...
NBA Head Coach and Player Arrested in Sports Gambling Probe | WSJ News
WSJ News· 2025-10-23 15:39
Legal & Compliance - Over 30 individuals were arrested across 11 states in a coordinated FBI takedown for illegal gambling and sports rigging [2] - The scheme involved defrauding by betting on inside non-public information about NBA athletes and teams between December 2022 and March 2024 [3] - Defendants face charges for using non-public information to place hundreds of thousands of dollars in fraudulent bets [5] - Illegal winnings were laundered through peer-to-peer platforms, bank wires, and cash exchanges [6] Individuals Involved - Former and current NBA players and coaches, including Damon Jones and Terry Rosier, were taken into custody [1][2] - Former NBA player Jonte Porter was previously charged for his role in the scheme [3] - Corrupt individuals, including Jones and Rosier, misused information obtained through friendships with NBA players and coaches [4] Betting Scheme - The scheme involved betting on inside information, such as players sitting out games or pulling themselves out early [3] - Bets were placed through online sports books and in person at casinos, mostly in the form of prop bets on individual player performance [5] - A network of straw bettors was used to place the maximum amount of bets to increase potential profits, with intended losses in the millions of dollars [6] - Information was obtained by threatening a current player, Porter, due to pre-existing gambling debts [4]
Vance Calls Israeli Vote to Annex West Bank 'Stupid Political Stunt'
WSJ News· 2025-10-23 15:28
Oh yeah, that was weird. That was weird. I was sort of confused by that.Um, now I actually asked somebody about it and they told me that it was a symbolic vote, some symbolic vote to recognize or a symbolic vote to annex the West Bank. I mean, what I would say to that is is when I asked about it, somebody told me that it was a political stunt, that it had no practical significance. It was purely symbolic.I mean, look, if it was a political stunt, it was a very stupid political stunt. And I personally take s ...
Trump Announces ‘Massive’ New Sanctions on Russian Oil Companies | WSJ News
WSJ News· 2025-10-22 22:54
Why do you believe, Mr. . President, that the sanctions that you're announcing today will push Putin to the new >> Well, I don't know that they will. I think that they'll certainly have an impact.They're they're massive sanctions. It's sanctions on oil. Uh the two biggest oil companies, among the biggest in the world, but they're Russian.They do a lot of oil. And hopefully it'll push uh hopefully he'll become reasonable. And hopefully Zalinsky will be reasonable, too.You know, it takes two to tango, as I sa ...