P.M. Edition for Nov. 11. Big companies that usually staff up for the holiday rush are adding fewer seasonal workers this year. WSJ economics reporter Justin Lahart digs into what’s behind uncertainty in the holiday jobs market and the complicated task of gauging the economic effect of government shutdown. Plus, large companies looking to take advantage of tax breaks passed by Republicans this year are finding they’re on the hook for taxes because of a 2022 law. We hear from WSJ tax policy reporter Richard Rubin about what companies are doing about it. And wealthy travelers continue to splurge on luxury hotels, where the average room cost is at a record high. Alex Ossola hosts.
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12:10
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12:10
Why Anthropic is On Track to Beat OpenAI to a Profit
A.M. Edition for Nov. 11. Anthropic's business-first strategy means the AI start-up is likely to turn a profit years before its consumer-focused rival, OpenAI. WSJ tech reporter Sam Schechner explains what this says about the path to success in the AI race. Plus, Congress has voted to end the longest government shutdown in history, with Democrats descending into infighting. And WSJ editor Bertrand Benoit details how Europe is facing a frightening new reality of hybrid attacks, putting the continent somewhere between war and peace. Caitlin McCabe hosts.
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13:46
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13:46
A Settlement in a 20-Year Legal Fight Could Make it Harder to Use Your Rewards Credit Card
P.M. Edition for Nov. 10. A settlement between merchants and Visa and Mastercard over interchange fees would let stores reject popular credit cards. WSJ reporter AnnaMaria Andriotis, who covers banking for the Journal, discusses why that’s a big change in the industry that could change how often you use premium credit cards. Plus, the longest government shutdown in U.S. history has an end in sight–and Democrats fuming at members of their own party. And while Hollywood box office has been in the doldrums after the pandemic, IMAX is an increasingly hot ticket. Alex Ossola hosts.
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13:46
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13:46
Alternative Indicators: Can Nevada Employment Predict Where the Economy is Headed?
Since the early 2000s, a fall in employment in the state of Nevada has preceded a broader U.S. recession. It makes sense why—the economic fortunes of Las Vegas, which make up a big part of the state’s overall economy, are intimately tied to consumers’ comfort with spending. Host Alex Ossola speaks with Andrew Woods, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas, about what the state data shows now, and what it says about the health of the U.S. economy. This is part one of our four-part series on alternative economic indicators.
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12:31
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12:31
The Government Shutdown Just Got One Step Closer to Ending
A.M. Edition for Nov. 10. The Senate last night moved toward ending the longest government shutdown in U.S. history, after eight members of the Democratic caucus broke rank and joined Republicans in voting to advance a spending measure. WSJ’s Siobhan Hughes explains what helped break the stalemate. Plus, an update on air travel as the FAA restricts private jets and total flight cancellations continue to climb. And WSJ’s Margarita Stancati explains why your favourite pasta might be disappearing from the store. Caitlin McCabe hosts.
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What's News brings you the biggest news of the day, from business and finance to global and political developments that move markets. Get caught up in minutes twice a day on weekdays, then take a step back with our What’s News in Markets wrap-up on Saturday and our What’s News Sunday deep dive.
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