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

U.S. will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

U.S. will turn into a buyers’ housing marke in 2023, most experts say. Here’s where you’ll see the biggest declines.

Frustrated by the housing market? Housing experts say they’re expecting the market to tip back into buyers’ court by 2023, according to a new report. Mortgage rates are approaching 7%, but home prices are only slowly coming back down and inventory is still tight compared to pre-pandemic levels. Still, the U.S. housing market will shift … 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

Bank of England to Buy Bonds in Bid to Stop Spread of Crisis

Bank of England to Buy Bonds in Bid to Stop Spread of Crisis

LONDON—The Bank of England on Wednesday said it would buy U.K. government bonds with long maturities “on whatever scale is necessary” in an effort to restore order to the market after a large set of government tax cuts sent borrowing costs soaring. The furious selloff in U.K. government debt in recent days ripped through normally … Read more

Medicare premiums are decreasing in 2023 – this is how much older Americans will save if they’re on Part B

Medicare premiums are decreasing in 2023 – this is how much older Americans will save if they’re on Part B

Medicare beneficiaries will see their Part B premiums go down for the first time in more than a decade, President Biden said during a White House event on Tuesday.  Monthly Part B premiums, which are currently set at $170.10 in 2022, will decline to $164.90 in 2023 – a $5.20 a month savings, or about … Read more