tldrdailynews.com logo
Tag

Wall Street Journal

All articles tagged with #wall street journal

Disney Preps Up to 1,000 Job Cuts Under New CEO D'Amaro
business2 days ago

Disney Preps Up to 1,000 Job Cuts Under New CEO D'Amaro

Disney is reportedly planning to cut up to 1,000 positions in the coming weeks, with most reductions in the experiences division (theme parks and cruise lines) following prior layoffs in ESPN and the entertainment unit. ESPN is said to trim about 30 roles. The Wall Street Journal notes some cuts may stem from merging Disney+ and Hulu into one app. Disney employed roughly 231,000 people at the end of fiscal 2025, so the cuts would represent a small fraction of the workforce; this continues a multi-year restructuring that has eliminated over 8,000 jobs since 2022.

via Awful Announcing|
#business#disney#espn
SEC weighs biannual earnings reporting option
finance26 days ago

SEC weighs biannual earnings reporting option

The U.S. SEC is preparing a proposal to make quarterly earnings reporting optional and give companies the option to share results twice a year, effectively moving to a biannual reporting cycle. The proposal could be published next month, with a public comment period (typically at least 30 days) before a vote. Regulators say the change would make quarterly reporting optional rather than eliminating it entirely, a move that aligns with ongoing political pressure while raising questions about transparency and market volatility.

via Reuters|
#biannual-reporting#finance#quarterly-reporting
Trump administration pockets a $10B fee from the TikTok deal
policy28 days ago

Trump administration pockets a $10B fee from the TikTok deal

Sources cited by The Verge indicate the Trump administration is set to collect about $10 billion in a transaction fee from TikTok’s sale, to be paid by new investors including Oracle and Silver Lake, with roughly $2.5 billion already paid to the Treasury at close and the rest in installments; if accurate, the fee would represent over 70% of the deal’s value, illustrating ongoing government involvement in private business.

via The Verge|
#oracle#policy#tiktok
Binance Battles WSJ as DOJ Probes Iran Sanctions Ties
business1 month ago

Binance Battles WSJ as DOJ Probes Iran Sanctions Ties

U.S. authorities are probing Binance for possible sanctions violations tied to Iranian crypto activity; Binance denies the claims and has sued the Wall Street Journal for defamation, asserting its internal investigation continued. The Journal and NYT report investigators sought evidence and witnesses, with the DOJ inquiry and a separate Senate probe ongoing. The case follows a prior $4.3 billion settlement over AML/sanctions violations related to CEO Changpeng Zhao, who was later pardoned by Trump.

via The Guardian|
#binance#business#cryptocurrency
Billionaire Tax Tricks Could Put Economy at Risk, WSJ Reports
economy1 month ago

Billionaire Tax Tricks Could Put Economy at Risk, WSJ Reports

A Wall Street Journal report highlighted by Common Dreams argues billionaire tax-avoidance and rising wealth concentration threaten the U.S. economy, detailing strategies like stock-based pay, debt-financed living, and the “buy, borrow, die” scheme. It notes California’s wealth‑tax debate and data showing the richest 1% have grown their share of wealth since 1990. The piece warns that if AI accelerates displacement, the biggest gains could go to shareholders while workers see lagging wage growth, raising questions about future tax policy as the economy faces potential market downturns.

via Common Dreams|
#artificial-intelligence#billionaires#economy
Kanye West ties antisemitic remarks to manic episodes, pledges accountability and reform
entertainment2 months ago

Kanye West ties antisemitic remarks to manic episodes, pledges accountability and reform

Kanye West says his antisemitic comments were driven by bipolar-1 episodes linked to brain injuries from a car crash, and he publicly apologized in a Wall Street Journal ad before elaborating in a Vanity Fair interview. He stressed he is not a Nazi or antisemitic, expressed remorse and a commitment to accountability, treatment, and meaningful change, and described rehab in Switzerland and medication adjustments. He also discussed a 2025 misdiagnosis conversation about autism and noted that the autistic diagnosis was not accurate, aiming to repair damaged relationships and stand on the side of love and positivity.

via The Guardian|
#antisemitism#bipolar-disorder#entertainment
Ye apologizes in WSJ ad for antisemitic posts, Nazi praise, cites mental-health struggles
entertainment-and-arts2 months ago

Ye apologizes in WSJ ad for antisemitic posts, Nazi praise, cites mental-health struggles

Rapper Ye (Kanye West) issues a full-page Wall Street Journal ad apologizing for antisemitic posts and praise of Nazism, saying he lost touch with reality and citing a 2002 car crash injury and a bipolar-type-1 diagnosis; he vows accountability and treatment, denies being a Nazi or antisemitic, and apologizes to the Black community while reflecting on his past behavior.

via latimes.com|
#antisemitism#apology#entertainment-and-arts
Dimon denies Fed chair offer as Trump disputes WSJ claim
business2 months ago

Dimon denies Fed chair offer as Trump disputes WSJ claim

JPMorgan CEO Jamie Dimon said he was not asked to be Federal Reserve chair, a denial that followed Trump’s rejection of a Wall Street Journal report that he offered the post; the bank affirmed the president's assertion and noted it opposes political debanking, while Dimon also supports Fed independence and JPMorgan has opposed a proposed 10% credit-card interest cap.

via Reuters|
#business#dimon#donald-trump
Cannabis Stocks Surge as Trump Considers Reclassifying Marijuana
business8 months ago

Cannabis Stocks Surge as Trump Considers Reclassifying Marijuana

Cannabis stocks surged following a Wall Street Journal report that President Trump is considering reclassifying marijuana to a less restrictive drug schedule, which could significantly benefit the industry by easing regulations and boosting investment. The move, if approved, would be a major change for the $80 billion market, though it requires approval from the Attorney General and DEA, with Trump indicating a decision in the coming weeks.

via CNBC|
#business#cannabis#drug-reclassification
Trump Demands Murdoch's Deposition in Epstein Lawsuit
law8 months ago

Trump Demands Murdoch's Deposition in Epstein Lawsuit

President Trump has filed a defamation lawsuit against Rupert Murdoch and the Wall Street Journal, alleging personal defamation related to a story about Jeffrey Epstein. The lawsuit seeks to compel Murdoch to testify under oath, citing his age and health issues. The case highlights tensions between Trump and Murdoch's media outlets, reflecting broader political and media conflicts.

via NPR|
#law#lawsuit#media
White House Excludes WSJ from Scotland Trip Over Epstein Coverage
politics8 months ago

White House Excludes WSJ from Scotland Trip Over Epstein Coverage

The White House has removed the Wall Street Journal from the press pool covering President Trump's trip to Scotland following a lawsuit by Trump over a WSJ story about a letter linked to Jeffrey Epstein, which Trump claims is fake. The decision reflects ongoing tensions between Trump and the media, especially after the WSJ published details about a birthday letter to Epstein bearing Trump's name, which Trump has publicly denied and threatened to sue over.

via Axios|
#epstein#politics#press-pool