The Best Way to Combat Putin’s Nuclear Threats

The Best Way to Combat Putin’s Nuclear Threats

Vladimir Putin has again threatened to use nuclear weapons to protect Russia and its people. In his remarks Friday, he extended that nuclear deterrence over the 15% of Ukraine’s territory that Russia annexed after sham referendums that ended on Wednesday. That even includes some lands already liberated by the Ukrainian army. Mr. Putin’s threats constitute … Read more

Elon Musk Unveils Prototype of Humanoid Robot Optimus, Says It Will Cost Less Than a Car

Elon Musk Unveils Prototype of Humanoid Robot Optimus, Says It Will Cost Less Than a Car

Mr. Musk first laid out the vision for the robot, called Optimus, a little more than a year ago at Tesla’s first-ever AI day. At the time, a dancer in a costume appeared onstage. This time, Mr. Musk presented a prototype at the gathering that unfolded late Friday in Palo Alto, Calif. The early prototype, … Read more

Five Best: Books on Putin and Power

Five Best: Books on Putin and Power

Putin By Philip Short (2022) 1. This is a very traditional study of a very contemporary figure. At a time when so many biographies seem either built around some controversial core argument (typically finding some scandal to unearth or invent) or have gone minimalist (my own “We Need to Talk About Putin” is less than … Read more

Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects

Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects

Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip glut could get a lot worse. Micron MU, +1.20% reported a worse-than-expected fiscal fourth quarter Thursday, with revenue plunging 23% from last year, but … Read more

Don’t buy Occidental stock, analyst says, because Warren Buffett is buying

Don’t buy Occidental stock, analyst says, because Warren Buffett is buying

Shares of Occidental Petroleum Corp. continued to outperform its peer group and the broader stock market on Thursday, after the oil- and gas-production company disclosed that Warren Buffett’s Berkshire Hathaway Inc. keeps buying. But JPMorgan analyst John Royall said Buffett’s involvement is actually a good reason not to buy Occidental’s stock. The stock OXY, -1.72% … Read more

U.K. Prime Minister Defends Tax Cuts as Market Turmoil Continues

U.K. Prime Minister Defends Tax Cuts as Market Turmoil Continues

LONDON—Prime Minister Liz Truss looked to reassure the British public and rattled investors that her plan to cut taxes wouldn’t lead to prolonged financial instability, arguing in a series of interviews on Thursday that the country had been buffeted by global shocks rather than her government’s reforms and that her policies would result in faster … Read more

U.K. Market Woes Threaten Economic and Political Crisis

U.K. Market Woes Threaten Economic and Political Crisis

The U.K. continued to try to stave off a financial and economic crisis on Wednesday as the country’s central bank carried out emergency buying of government bonds to stabilize a spiraling debt market, adding pressure on the government of new Prime Minister Liz Truss. The central bank’s surprise move to spend 1 billion pounds buying … Read more

‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023

‘We are in deep trouble’: Billionaire investor Druckenmiller believes Fed’s monetary tightening will push the economy into recession in 2023

Billionaire investor Stanley Druckenmiller sees a “hard landing” for the U.S. economy by the end of 2023 as the Federal Reserve’s aggressive monetary tightening will result in a recession.  “I will be stunned if we don’t have a recession in ‘23. I don’t know the timing but certainly by the end of ‘23. I will … Read more

12 Books to Read: The Best Reviews of September

12 Books to Read: The Best Reviews of September

A selection of the month’s most noteworthy books, as discussed by The Wall Street Journal’s reviewers. In their brief ascendancy, cars have dominated every aspect of public and private life and changed our understanding of space, time and nature. Review by Mark Yost. Read the review The Cup They Couldn’t Lose: America, the Ryder Cup, … Read more

London-Based Businessman Pays $50 Million Cash for Gilded Age Mansion in New York

London-Based Businessman Pays  Million Cash for Gilded Age Mansion in New York

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. One of New York City’s Gilded Age mansions has sold for the first time in 76 years in a $50 million, all-cash deal, said listing agent Tristan Harper of Douglas Elliman.   … Read more