U.S. markets close in 2 hours 41 minutes

  • S&P 500

    3,845.28
    -54.83 (-1.41%)
     

  • Dow 30

    31,140.78
    -297.48 (-0.95%)
     

  • Nasdaq

    11,266.03
    -258.52 (-2.24%)
     

  • Russell 2000

    1,757.86
    -13.88 (-0.78%)
     

  • Crude Oil

    111.94
    +2.37 (+2.16%)
     

  • Gold

    1,823.20
    -1.60 (-0.09%)
     

  • Silver

    20.84
    -0.32 (-1.53%)
     

  • EUR/USD

    1.0523
    -0.0063 (-0.60%)
     

  • 10-Yr Bond

    3.2040
    +0.0100 (+0.31%)
     

  • GBP/USD

    1.2187
    -0.0084 (-0.68%)
     

  • USD/JPY

    136.2540
    +0.8080 (+0.60%)
     

  • BTC-USD

    20,610.62
    -150.95 (-0.73%)
     

  • CMC Crypto 200

    448.02
    -2.04 (-0.45%)
     

  • FTSE 100

    7,323.41
    +65.09 (+0.90%)
     

  • Nikkei 225

    27,049.47
    +178.20 (+0.66%)
     

WSJ Opinion: Hits and Misses of the Week

Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson, Jillian Melchior and Dan Henninger. Images: AP/Shutterstock/SpaceX/Reuters Composite: Mark Kelly

Recommended Stories

  • Russian Industry Faces Code Crisis as IT Providers Pull Out

    (Bloomberg) -- Russia’s reliance on foreign software to run its factories, farms and oil fields is turning into one of the biggest headaches for domestic industry as more IT providers pull out of the market in response to President Vladimir Putin’s invasion of Ukraine. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataChina Cu

  • Taiwan’s GlobalWafers to Build $5 Billion Chip Plant in Texas

    (Bloomberg) -- GlobalWafers Co. plans to build a $5 billion semiconductor silicon-wafer facility that will be the biggest of its kind on American soil, as the country contends with the fallout from a global shortage of chips.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseA $2 Trillion Free-Fall Rattles Crypto to the CoreAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataChi

  • Mr. Big Short: Fed May do a 180 on Interest Rates

    The Federal Reserve has raised the fed funds rate target by 150 basis points since March, and many experts expect a lot more.

  • Why Congress’ new retirement reforms aren’t all they’re cracked up to be

    A new set of reforms to America’s retirement tax and savings plans passed a key hurdle in Congress last week. Variously known as the SECURE Act 2.0, the EARN Act and the RISE & SHINE Act, the measures will make changes to rules around IRAs, 401(k)s and other tax-privileged retirement plans. They barely address the biggest retirement crisis facing the U.S.

  • Russia, rejecting default, tells investors to go to western financial agents

    The White House said on Monday that Russia has defaulted on its international bonds for the first time since the Bolshevik revolution, as sweeping sanctions have effectively cut the country off from the global financial system. Until last week, Russia kept on paying on its Eurobonds in foreign currency as per issue conditions yet its dollar and euro coupon transfers made in May, ahead of a key U.S. waiver allowing for such transactions expired, did not reach investors. "Statements of a default are absolutely unjustified," Kremlin spokesperson Dmitry Peskov told a call with reporters on Monday, pointing to the May forex coupon payment.

  • US Sails Seized Russian Yacht to California From Fiji

    (Bloomberg) -- After a stopover in Hawaii, the $325 million superyacht that’s tied to Russian billionaire Suleiman Kerimov and that was seized by US authorities in Fiji has sailed into a port in Southern California.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataChina Cuts Travel Quarantine in Biggest Covid Zero Shift YetA $

  • Fed’s Williams Sees 50 or 75 Basis-Point Rate Hike Debated in July

    (Bloomberg) -- US central bankers will discuss whether to raise rates by 50 basis points or 75 basis points when they meet next month, with the decision being determined by economic data, Federal Reserve Bank of New York President John Williams said on Tuesday. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataChina Cuts Trave

  • Chinese blockchain developer calls crypto a Ponzi scheme

    Cryptocurrency is a huge Ponzi scheme, Blockchain-based Service Network (BSN) — the developer behind China’s state-backed blockchain infrastructure — said on Sunday. See related article: China’s BSN to launch overseas public chain without crypto support Fast facts Crypto is an old hoax in a new form, Zhiguang Shan, chair of BSN Development Alliance, and Yifan […]

  • Macron Overheard Breaking Some Bad News to Biden on G7 Sidelines

    Macron told Biden that the United Arab Emirates’ ruler informed him that OPEC’s top oil exporters were already at their production maximum.

  • Brittney Griner trial in Russia scheduled to start Friday

    Over four months after WNBA star Brittney Griner was arrested for cannabis possession, a Russian court schedules a July 1 start date for her trial.

  • DeSantis vetoed another bad idea and showed Florida lawmakers who’s boss | Editorial

    It’s not unusual for governors to veto legislation. But no governor has used his veto pen with the same poise and purpose as Ron DeSantis. That purpose has not only been to occasionally do the right thing, but to show fellow Republicans in the Legislature who’s boss.

  • The 'Big Package': How Russia was driven to default

    Russia's first major international debt default in over a century, which Washington said became a fact on Monday, follows months of co-ordinated Western sanctions that left Moscow with cash but no access to the international financial network. At around 11.30 p.m. (2230 GMT) on Feb. 25, the day after Russian troops entered Ukraine, European Union's experts in Brussels said a set of sanctions they had worked on for days, or the "Big Package" as they called it, was ready. Just before midnight, the European Commission announced https://www.consilium.europa.eu/en/press/press-releases/2022/02/25/russia-s-military-aggression-against-ukraine-eu-imposes-sanctions-against-president-putin-and-foreign-minister-lavrov-and-adopts-wide-ranging-individual-and-economic-sanctions the measures.

  • Here are the Key Races to Watch in Tuesday’s Illinois Primaries

    (Bloomberg) -- Illinois primary voters on Tuesday will provide one of the earliest clues on whether the US Supreme Court's decision to overturn Roe v. Wade will influence election turnout and results. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataChina Cuts Travel Quarantine in Biggest Covid Zero Shift YetA $2 Trillion Fre

  • Meta, TikTok Could Face Civil Liability for Addicting Children in California

    Social-media companies are lobbying to stop a first-in-the-nation proposal allowing government attorneys to sue them for features alleged to cause addiction among minors.

  • Trump-Endorsed Candidate ‘Appalled’ When Fox News Host Mentions Drag Queen Story

    Fox NewsKari Lake, the Trump-endorsed candidate for Arizona governor, was far from happy on Monday when Fox News anchor Bret Baier asked her about a report that linked her to drag queens.The interview, which was fairly tame on Baier’s end, began with Lake falsely claiming that the 2020 election was “fraudulent” and that President Joe Biden is “illegitimate.” Baier responded by playing a tape of Arizona House Speaker Rusty Bowers testifying before the House Jan. 6 committee last week that the ele

  • 3M Might Face Billion-Dollar Lawsuit Over Earplugs Manufactured For Military Use: WSJ

    3M Co's (NYSE: MMM) foam earplugs, which the company manufactured for the United States military and was bought by the government for ~$7.63 a pair, threaten to become a significant liability for the manufacturing giant, reported Wall Street Journal. Many US military veterans have filed lawsuits against Minnesota-based 3M for hearing impairment caused by faults in the company's military-grade earplugs. The company might face billions of dollars in legal settlements or lawsuits after soldiers cla

  • Danilov replied to Medvedev: Crimea will be returned on the first try, at once

    VALENTYNA ROMANENKO - TUESDAY, 28 JUNE 2022, 13:18 Oleksii Danilov, Secretary of the National Security and Defence Council, reminded Dmitry Medvedev, deputy chairman of the Security Council of Russia, that Crimea is Ukrainian territory and will most certainly be liberated from Russian occupation.

  • Investigation obtains names of Russian Federation pilots who struck shopping centre in Kremenchuk ‒ Minister of Internal Affairs of Ukraine

    VALENTYNA ROMANENKO - TUESDAY, 28 JUNE 2022, 11:33 Ukrainian law enforcement authorities have already obtained the names of Russian pilots who fired a missile at a shopping centre in Kremenchuk, Poltava Oblast, killing at least 18 people.

  • How Democrats can capitalize on a radical Supreme Court

    It's all about gasoline prices.

  • Millions in California to Get up to $1,050 in ‘Inflation Relief’

    (Bloomberg) -- California Governor Gavin Newsom announced late Sunday night that he had reached an agreement with state legislators on a $17 billion “inflation relief package.”Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataHyundai Quietly Climbs the EV Sales Charts and Elon