Elon Musk’s Boring Company Ghosts Cities Across America

Elon Musk’s Boring Company Ghosts Cities Across America

ONTARIO, Calif.—The unsolicited proposal from Elon Musk’s tunnel-building venture arrived in January 2020. To the local transportation authority, it felt like finding Willy Wonka’s golden ticket. Officials had started planning for a street-level rail connection between booming Ontario International Airport and a commuter train station 4 miles away, with an estimated cost north of $1 … Read more

Employers Rethink Need for College Degrees in Tight Labor Market

Employers Rethink Need for College Degrees in Tight Labor Market

Companies such as Alphabet Inc.’s Google, Delta Air Lines Inc. and International Business Machines Corp. have reduced educational requirements for certain positions and shifted hiring to focus more on skills and experience. Maryland this year cut college-degree requirements for many state jobs—leading to a surge in hiring—and incoming Pennsylvania Gov. Josh Shapiro campaigned on a … Read more

What Do the Worst (and Best) Airports Look Like? Ask United Airlines

What Do the Worst (and Best) Airports Look Like? Ask United Airlines

United Airlines Inc. knows what it’s like when airports work well—and when they don’t. It operates hubs in the best-performing and worst-performing large U.S. airports, according to a new set of rankings from The Wall Street Journal. The Chicago-based carrier has major U.S. hubs at seven airports. One, the San Francisco International Airport, ranked No. … Read more

Why Berkshire Hathaway’s Latest Big Bet Is on a Taiwanese Chip Maker

Why Berkshire Hathaway’s Latest Big Bet Is on a Taiwanese Chip Maker

Warren Buffett’s Berkshire Hathaway Inc. BRK.B 0.35% is making a multibillion-dollar bet on a Taiwanese chip maker. For years, Berkshire mostly avoided technology stocks. In fact, in Berkshire’s 2008 annual report, Mr. Buffett went so far as to say he preferred simple businesses. “If there’s lots of technology, we won’t understand it,” he said. But … Read more

New York City’s Looming Covid Fiscal Cliff

New York City’s Looming Covid Fiscal Cliff

Pedestrians on Park Avenue in New York, Oct. 12. Photo: Jeenah Moon/Bloomberg News States and cities have enjoyed a revenue high from federal pandemic relief and surging capital gains. But the buzz won’t last and the hangover could be painful, as New York’s Citizens Budget Commission warned this week. The March 2021 American Rescue Plan … Read more

U.S., Allies Set Parameters for Price Cap on Russian Oil

U.S., Allies Set Parameters for Price Cap on Russian Oil

WASHINGTON—The U.S. and its allies have agreed on which sales of Russian oil will be subject to a price cap, racing to flesh out the details of the major new sanctions program before it begins on Dec. 5. Each load of seaborne Russian oil will only be subject to the price cap through its first … Read more

This hedge fund manager who made winning bets in 2020, says investors should brace for a decades-long bear market

This hedge fund manager who made winning bets in 2020, says investors should brace for a decades-long bear market

On the heels of last week’s bullish turn for stocks, the setup is looking slightly less positive for Monday. Hong Kong stocks may be affecting the mood with a giant slump after China’s leader cemented his power. And we’re entering Fed blackout period ahead of next week’s meeting that’s expected to deliver yet another three-quarters … Read more

Three New Yorkers Ordered Cocaine From the Same Delivery Service. All Died From Fentanyl.

Three New Yorkers Ordered Cocaine From the Same Delivery Service. All Died From Fentanyl.

NEW YORK—Ross Mtangi, a trading executive at Credit Suisse Group AG , left his Manhattan penthouse in March 2021 with his laptop and told his pregnant partner he was going to work. He checked into a nearby hotel and tuned in to work calls. Later, he texted for cocaine from a drug delivery service. A … Read more

Apple, Amazon, McDonald’s Headline Busy Earnings Week

Apple, Amazon, McDonald’s Headline Busy Earnings Week

Amazon. com Inc., Apple Inc. and Meta Platforms Inc. are among the tech heavyweights featured in a packed week of earnings that investors will probe for indicators about the broader economy. Other tech companies scheduled to report their latest quarterly reports include Google parent company Alphabet Inc. and Microsoft Corp. Investors also will hear from … Read more

Stock-market investors brace for busiest week of earnings season. Here’s how it stacks up so far.

Stock-market investors brace for busiest week of earnings season. Here’s how it stacks up so far.

So far, so good? Stocks ended the first full week of the earnings season on a strong note Friday, pushing the Dow Jones Industrial Average DJIA, +2.47%, S&P 500 SPX, +2.37% and Nasdaq Composite COMP, -0.81% to their strongest weekly gains since June. It gets more hectic in the week ahead, with 165 S&P 500 … Read more