Big tech continues to rock

Big tech continues to rock

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Bond rout pushes US mortgage rates past 7%

Xi Jinping said the US and China should avoid being drawn into a “conflict” in remarks at the White House, and Brussels has warned Britain needs to raise tariffs on Chinese cars if it wants to avoid barriers that would hit crucial exports. Plus, dozens of foreign officials walked ...  Show more

US Treasury yields soar

US Treasury yields soared on Wednesday, Iran’s President Masoud Pezeshkian said Tehran was prepared to negotiate with the US, and the FT’s Sam Fleming explains why the UK budget is in a tight spot. Plus, billions of dollars of Rosneft’s foreign earnings were funnelled through a K ...  Show more

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Zelenskiy Welcomes Aid, A TikTok Countdown & Tesla Woes Mount
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Your morning briefing, the business news you need in just 15 minutes.  On today’s podcast:  (1) US approval of more than $60 billion in aid throws a lifeline to Ukraine’s beleaguered military, though it’s unlikely to turn the tide in the war on its own.  (2) After years of workin ...  Show more

Disney Sues DeSantis, Meta's Good Quarter, and the Case Against TikTok with Senator Michael Bennet
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The UK moves to block the Microsoft-Activision deal, Peter Thiel announces a change to his political giving, and First Republic Bank shows we're not out the woods yet. Also, Disney escalates its fight with Florida, and Big Tech has a good quarter. Plus, Senator Michael Bennet (D- ...  Show more

Israel Gaza Aid, Tesla Cybertruck Challenges & Netflix Price Rise
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On today's podcast:  (1) The Prime Minister, Rishi Sunak is about to begin a two-day trip to Israel a day after President Biden's visit to the country failed to cool rising tensions in the region. (2) President Biden says says he's now secured agreements from both Egypt and Israe ...  Show more

Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package
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P.M. Edition for Nov. 6. Tesla shareholders approve a record-setting pay package for Chief Executive Elon Musk. Go to wsj.com for more. And brokerage firm Charles Schwab has agreed to buy Forge Global, one of the major platforms that allows investors to buy shares in private comp ...  Show more