‘a-stereotypical-push’
Cartoonist: Victor Martinez
Cartoonist: Victor Martinez
WSJ.com: US Business
- Third Point Urges Shell to Split After Taking Big StakeThe activist hedge fund, with a stake worth well over $500 million, is pushing the oil giant to separate into two companies to attract investors as many flee stocks seen as environmentally unfriendly.
- Profit Falls at GM and Ford as Chip Shortage Takes TollExecutives from the Detroit auto makers said supply-chain disruptions should slowly improve in the fourth quarter and throughout next year.
- Facebook Faces FTC Probe Over Its Internal ResearchFederal Trade Commission staffers have begun looking into disclosures that Facebook’s internal company research had identified ill effects from its products, according to people familiar with the matter.
- Hertz Links Up With Uber to Offer 50,000 Tesla RentalsThe deal comes days after Hertz, which has emerged from pandemic-induced bankruptcy, said it was making a significant investment in an electric-vehicle rental fleet.
- Why Apple's Privacy Changes Hurt Facebook but Benefited GoogleNew iPhone privacy standards rocked digital advertising, raising some boats and lowering others.
- Democrats Drop Paid Leave From $1.75 Trillion ProposalThe White House hosts influential senators as talks continue on the healthcare, education and climate-change package.
- Orders for Big-Ticket Products Drop Amid Supply ConstraintsOrders for goods such as appliances, computers and cars decreased in September for the first time since spring, as manufacturers continued to confront higher material costs and parts and labor shortages.
- Fed Bankers Would Face
Penalties for BreachesSenate Democrats plan to introduce legislation enforcing rules after two regional presidents stepped down from posts following investment trades.
- China's Ambitious Climate Goals Collide With Reality, Hampering Global EffortsBeijing commits to net-zero emissions before 2060, but for years to come it will continue burning a lot of coal to keep its economy charging ahead.
- Brazil's Central Bank Raises Benchmark Rate to 7.75%The Central Bank of Brazil raised its benchmark lending rate by 1.5 percentage points as inflation continues to climb amid growing concern about government spending.
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