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The Latest Breaking News from the Wall Street Journal

Texas Cozies Up With Incoming Trump Administration as Mass Deportation Plans Remain a Priority

Texas has become a staple for extreme immigration crackdown during the Biden administration. Now, it is likely to serve as a blueprint for Trump.

Latin Times

Coupang, South Korea Stocks Recover Some Losses As President Lifts Martial Law Order

Coupang nd other South Korea stocks are set to close lower after the president declared, then withdrew, martial law.

Investors Business Daily

Trump's Patel pick "all about loyalty"

Patel has pledged to "come after" the president-elect's foes and purge the bureau of career professionals

Salon

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Moana is the most-streamed movie of the past five years – and not just on Disney Plus

Audiences are flocking to Moana's island of Motunui over and over again.

TechRadar

Morgan Stanley Reportedly Thrives On Questionable Clients: 'Blessing And A Curse'

Morgan Stanley's wealth-management division is under investigation by multiple government agencies due to its weak anti-money-laundering controls and improperly vetting international clients.

International Business Times

Trump picked Scott Bessent for Treasury despite ties to Democratic megadonor George Soros

Bessent worked for Soros and played a key role in the short bet that “broke the Bank of England.”

Fortune

US–Mexico Trade Tensions Escalate As Mexican Peso Hits August 2022 Lows: Why Is Auto Industry Most At Risk?

US-Mexico trade tensions rise as Trump threatens tariffs. Mexican peso weakens, trade war could affect $800B annual trade between nations.

Benzinga

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Kodak Considering Terminating $3.5 Billion Pension Plan: Report

Eastman Kodak has begun taking steps to end its $3.5 billion pension plan, agreeing to sell private-equity and other illiquid assets attached to it.

International Business Times

Peacock Pays Up: Macy's Thanksgiving Parade Costs Set To Balloon For Content-Hungry NBC

According to The Wall Street Journal, NBC is considering a $60-million rights deal to air the parade. That's triple the current rate.

Benzinga

What do Elon Musk and Vivek Ramaswamy plan to do with DOGE?

Musk wants to slash government spending by a third, and Ramaswamy wants to cut 75% of the federal workforce. Can they?

Al Jazeera

Tether was an outlaw for years. Now the $132 billion stablecoin has a key ally in Trump’s cabinet

The controversial Tether is reportedly facing a probe from both the Justice and Treasury departments.

Fortune

Trump’s Treasury pick leaves investors hopeful that he’ll take the sting out of ‘America First’ trade policies

Donald Trump will nominate Scott Bessent to replace Janet Yellen as Treasury secretary, with markets buoyed by comments on tariffs.

Fortune

‘First buddy’ Elon Musk is a source of insight into Trump for TikTok’s CEO as key deadline looms, report says

Musk was asked for his opinions on an array of issues, including the incoming Trump administration and potential tech policy, the Wall Street Journal said.

Fortune

Trump picks hedge-fund investor Scott Bessent for treasury secretary

Job is one of most powerful in Washington with huge influence over US economy and financial markets

The Guardian - US

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Fortune

Trump is thinking about former Fed governor Kevin Warsh to be his Treasury secretary—and to replace Jerome Powell

The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.

The Independent UK

Musk and Ramaswamy want to force federal workers back to the office. Economists aren’t convinced.

More than half of federal workers work in person full-time

International Business Times

Trump To Nominate Howard Lutnick Lead Commerce Department: Reports

The Wall Street financier had been in the running for Treasury secretary.

Latin Times

'Now or Never': Coyotes Lure Migrants to Cross the U.S.-Mexico Border Before Trump Takes Office on January

Immigrants, lawmakers and smugglers prepare for a potential migrant surge after Trump promises to crack down on unauthorized immigration.

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news in one place.

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Windows Central

Microsoft Copilot is the poster child of 'an annoying kid in class' — a 24-hour excursion in the woods by the WSJ with four chatbots reveals which AI ranks the best, and the answer may surprise you

The Wall Street Journal's Joanna Stern audaciously brought OpenAI's ChatGPT, Meta AI, Gemini, and Microsoft Copilot to a 24-hour excursion in the woods. Here's how it went.

Fortune

Polymarket users are betting on Scott Bessent to be Trump’s treasury secretary

The prediction market puts Bessent’s odds of getting the nod at 67%.

The Guardian - AU

US election updates: Trump picks hardliner as ambassador to Israel in slew of job appointments

Trump recruits pro-settler figure Mike Huckabee, and will also put Elon Musk and Vivek Ramaswamy in charge of a new department of government efficiency

Al Jazeera

Trump signals hard line on China with hawkish cabinet picks

US president-elect’s picks for top roles in incoming administration lean heavily on China hawks.

International Business Times UK

JPMorgan's Jamie Dimon Reveals The Exact Order Of Newspapers He Reads: Here's Why This Morning Routine Matters

Jamie Dimon starts his day with a rigorous news routine. He highlights how staying informed empowers leaders with insight and enhances decision-making.

The Independent UK

Hong Kong reporter says she'll sue Wall Street Journal for dismissal because of her union role

A former Hong Kong reporter of The Wall Street Journal says she'll sue the publication for sacking her because she joined a trade union

Fortune

Jerome Powell was prepared to fight for his job in court when Trump mulled firing the Fed chief in 2018, report says

Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal.

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