The Latest Breaking News from WSJ

Credit Suisse Group AG (NYSE:CS) is looking for another round of job cuts to manage costs after warning of a second-quarter loss, Bloomberg reported citing people familiar with the matter. The people said that the bank is mulling headcount reductions across divisions and regions. Final numbers are still to be decided, they said. …

Big Four accounting firm Ernst & Young is considering a global split of its audit and advising businesses amid regulatory scrutiny of potential conflicts of interest in the profession, 

WeWork Inc (NYSE:WE) has appointed Andre J. Fernandez as Chief Financial Officer (CFO) effective June 10, 2022. This is the third time the co-working space operator has hired a finance chief since March 2020, the Wall Street Journal reported. Fernandez recently served as the CFO of Atlanta-based enterprise software company NCR Corp (NYSE:NCR). The WSJ report…

Fed chief Jerome Powell is warning that the U.S. economy may face a period of "pain" as unemployment rise to control inflation. Is a recession inevitable?

Apple Inc has told some of its contract manufacturers that it wants to increase production outside China, the Wall Street Journal reported, citing people familiar with the matter. India and Vietnam, which are already sites of Apple production, are among the countries short-listed by the company as alternatives, the report…

After taking the market by storm in 2021, the growth of non-fungible tokens has faced some bumps in 2022. Ask those who cover the sector if the NFT market is dead or alive, and you may get some different answers.

Chinese tech companies, including PC giant Lenovo Group Ltd (OTC:LNVGY) and smartphone maker Xiaomi Corp (OTC:XIACY), quietly pulled back from Russia under pressure from U.S. sanctions and suppliers, the Wall Street Journal reports. Consumer drone giant SZ DJI Technology Co suspended its business in Russia and Ukraine pending a compliance review. The companies pulled back amid Beijing…

Documents and emails leaked to 'The Wall Street Journal' suggest Facebook intentionally disrupted the flow of information in Australia to influence legislation.

Whistleblowers have alleged that Meta Platforms Inc-owned (​​NASDAQ: FB) Facebook's act of blocking news pages in Australia was a deliberate negotiating tactic to thwart a potential law, according to

My instant reaction to Leakgate.

Europe’s banking regulator fears that highly indebted borrowers could start struggling to pay off their debt as the economy slow down, higher costs, and interest rates increase.  Leveraged financing has skyrocketed in Europe and elsewhere over the past years as central banks unleashed cheap money to propel economic growth.