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Select * Top News * Listen to The Journal. * Featured Stories * CEO Council * U.S. * Election 2024 * Music * Video * Economy * Real Estate * Sports * CMO * CIO * CFO * Risk & Compliance * Logistics Report * Sustainable Business * Heard on the Street * Barron’s * MarketWatch * Mansion Global * Penta * Recommended For You * Opinion * Journal Reports * Sponsored Offers Dow Jones, a News Corp companyAbout WSJ * News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. * Dow Jones * Barron's * BigCharts * Dow Jones Businesses * Dow Jones Newswires * Factiva * Financial News * Mansion Global * MarketWatch * Newsmart * NewsPlus * Risk & Compliance * WSJ Live * WSJ Pro * WSJ Video * WSJ.com * News Corp * Avail * Business Spectator * HarperCollins Publishers * Housing * Makaan * New York Post * REA * realtor.com * Storyful * The Australian * The Sun * The Times * THE WALL STREET JOURNAL SubscribeSign In Intro Offer The Wall Street Journal Save on a WSJ Membership Gain Trusted Insights on 2023’s Biggest Stories Become a WSJ Member Today Subscribe Now English Edition * English * 中文 (Chinese) * 日本語 (Japanese) Print Edition Video Audio Latest Headlines More Other Products from WSJ * Buy Side from WSJ * WSJ Shop * WSJwine SubscribeSign In * Home * World REGIONS * Africa * Asia * Canada * China * Europe * Latin America * Middle East SECTIONS * Economy MORE * World Video * U.S. SECTIONS * Economy * Law * Politics MORE * U.S. Video * What's News Podcast * Politics MORE * Politics Video * Economy WSJ PRO * Bankruptcy * Central Banking * Private Equity * Venture Capital MORE * Economic Forecasting Survey * Economy Video SECTIONS * Capital Account * Business SECTIONS * Management * Journal Reports * The Future of Everything * Obituaries * Tech/WSJ.D INDUSTRIES * Aerospace & Defense * Autos & Transportation * Commercial Real Estate * Consumer Products * Energy * Entrepreneurship * Financial Services * Food & Services * Health Care * Hospitality * Law * Manufacturing * Media & Marketing * Natural Resources * Retail C-SUITE * CFO Journal * CIO Journal * CMO Today * Logistics Report * Risk & Compliance * The Workplace Report COLUMNS * Heard on the Street WSJ PRO * Bankruptcy * Central Banking * Cybersecurity * Private Equity * Sustainable Business * Venture Capital MORE * Business Video * Business Podcast * Space & Science * Tech SECTIONS * CIO Journal * The Future of Everything * Personal Tech COLUMNS * Christopher Mims * Joanna Stern * Julie Jargon * Nicole Nguyen MORE * Tech Video * Tech Podcast * Markets SECTIONS * Bonds * Commercial Real Estate * Commodities & Futures * Stocks * Personal Finance * WSJ Money * Streetwise * Intelligent Investor COLUMNS * Heard on the Street * Greg Ip * Jason Zweig * Laura Saunders * James Mackintosh MARKET DATA * Market Data Home * U.S. Stocks * Currencies * Companies * Commodities * Bonds & Rates * Mutual Funds & ETFs MORE * CFO Journal * Markets Video * Your Money Briefing Podcast * Secrets of Wealthy Women Podcast Search Quotes and Companies * Opinion COLUMNISTS * Gerard Baker * Sadanand Dhume * James Freeman * William A. 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Strassel * Allysia Finley MORE * Editorials * Commentary * Future View * Houses of Worship * Cross Country * Letters to the Editor * The Weekend Interview * Potomac Watch Podcast * Foreign Edition Podcast * Free Expression Podcast * Opinion Video * Notable & Quotable * Books & Arts REVIEWS * Film * Television * Theater * Masterpiece Series * Music * Dance * Opera * Exhibition * Cultural Commentary * Art SECTIONS * Arts * Books MORE * WSJ Puzzles * What To Watch * Arts Calendar * Real Estate SECTIONS * Commercial Real Estate MORE * Real Estate Video * Life & Work SECTIONS * Cars * Careers * Food & Drink * Home & Design * Ideas * Personal Finance * Recipes * Travel * Wellness COLUMNS * Your Health * Work & Life * Carry On * Bonds * Turning Points * On Wine * On The Clock MORE * WSJ Puzzles * Space & Science * Style SECTIONS * Lifestyle * Fashion * Film * Television * Music * Art & Auctions COLUMNS * My Monday Morning * Off Brand * On Trend * Sports SECTIONS * Baseball * Basketball * Football * Golf * Hockey * Olympics * Soccer * Tennis COLUMNS * Jason Gay Search Search DJIA Futures 33251.00-0.33% S&P 500 Futures 4188.50-0.39% Nasdaq Futures 13838.25-0.46% Stoxx 600 467.48-0.30% Shanghai 3246.24-1.52% U.S. 10 Yr -24/323.743% VIX 17.793.37% Gold 1966.80-0.53% Bitcoin 27272.391.40% Crude Oil 72.791.03% Dollar Index 97.400.25% S&P GSCI Index Spot 546.650.55% EVAN GERSHKOVICH About EvanHis Family Speaks OutWSJ Colleagues on EvanHis ReportingHow You Can HelpWrite a MessageLatest NewsGet Email Updates SHAREHOLDER ACTIVISTS DRAG COMPANIES INTO U.S. CULTURE WARS Businesses face proposals on abortion, guns and climate change as groups with various viewpoints strive to get their agendas heard at this year’s annual meetings.1955 min read * LIVE MARKETS: STOCK FUTURES EDGE LOWER RETAILERS CLAMP DOWN ON RETURNS By one measure, it costs a retailer $27 to process $100 of returns. Discouraging returns has become a priority for merchants looking to boost profits.455 min read ◆ WSJ News Exclusive JPMORGAN MAKES ONE OF BIGGEST BETS ON CARBON REMOVAL The bank will invest more than $200 million to purchase credits from several companies, boosting a nascent industry that has removed only small amounts of carbon.775 min read BIDEN HAS NO GOOD OPTIONS IN DEBT-CEILING FIGHT Any deal struck with Republicans threatens to anger his party, but the alternative could require painful political choices. Other options could prove risky.2754 min read * INVESTORS HUNT FOR NEW HAVENS * ANALYSIS: DUSTING OFF DEBT CEILING PLAYBOOK META AGREES TO SELL GIPHY ON REGULATOR’S ORDER Shutterstock said it agreed to buy Giphy for $53 million in net cash, giving it a mobile content platform with 1.7 billion daily users.1 min read FIGHTING IN RUSSIAN BORDER REGION FOLLOWING INCURSION ENTERS SECOND DAY Russia said that its military forces were still fighting what Putin labeled an antiterrorist operation in the Belgorod region.144 min read * WATCH: UKRAINE’S COUNTEROFFENSIVE AGAINST RUSSIA COULD PLAY OUT IN FOUR WAYS A HOUSING BUST COMES FOR THOUSANDS OF SMALL-TIME INVESTORS They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed.257Long read RETIREMENT IN PARADISE ISN’T WITHOUT FINANCIAL HEADACHES It is easy to make mistakes in taxes, banking and estate planning when retiring abroad, and they can be costly.825 min read * THE WAY WE RETIRE NOW RARE BIPARTISAN IMMIGRATION PROPOSAL FACES STEEP ODDS A sweeping compromise immigration bill offers millions of immigrants in the country illegally a 12-year path to citizenship but has no immediate hope of passing.293 min read FBI’S MISUSE OF FOREIGN SPYING LAW COMPLICATES PUSH TO RENEW IT Lawmakers, citing agency “abuses” and concerns about a new surveillance technique, say they are reluctant to reauthorize the Foreign Intelligence Surveillance Act.727 min ago4 min read Capital Account WHY INFLATION ERUPTED: TWO TOP ECONOMISTS HAVE THE ANSWER A former Fed chair and former IMF chief economist say it wasn’t the pandemic or the stimulus; it was the pandemic, then the stimulus.1475 min read LISTEN TO THE JOURNAL. A podcast about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson. View more podcasts Your browser does not support the audio tag. The Clock Is Ticking on the Debt Ceiling The federal government has maxed out its debt. WSJ’s Andrew Duehren discusses the looming X-date and what could happen if Congress doesn’t raise the limit by June 1st.Read Transcript 00:00 / 15:39 1x Subscribe Apple PodcastsSpotify More Google Podcasts TuneIn Stitcher Amazon Alexa iHeartRadio RSS LATEST ON DETAINED WSJ REPORTER EVAN GERSHKOVICH THE DENVER NUGGETS MAKE THE CASE THAT THEY’RE A JUGGERNAUT, NOT A FLUKE5 MIN READ The A-hed PAPER MONEY DIEHARDS REFUSE TO FOLD6 MIN READ COLUMNISTS THE PUBLIC GOLF COURSE PRO WHO SHOCKED THE PGA CHAMPIONSHIP By Jason Gay NO POSTING BEFORE THE BRIDE AND OTHER NEW WEDDING RULES By Shara Tibken IN ‘SUCCESSION’ STAR LUKAS MATSSON, VILLAIN STYLE TAKES A HIKE By Jacob Gallagher WSJ PROMOTION INTRO OFFER: €2 PER MONTH Trust your source. Trust your decisions. Let WSJ's fact-based journalism help you make sense of what's already happened and navigate what's ahead. Subscribe Now WSJ PROMOTION INTRO OFFER: €2 PER MONTH Trust your source. Trust your decisions. Let WSJ's fact-based journalism help you make sense of what's already happened and navigate what's ahead. Subscribe Now CEO COUNCIL ELON MUSK TO JOIN WSJ’S CEO COUNCIL SUMMIT TO TALK TESLA, TWITTER, SPACEX AND MORE The billionaire is due to speak at 2 p.m. ET. He is set to face questions about his efforts to turn around Twitter, stoke demand for Teslas and advance SpaceX’s program.184 min read * LIST OF THE SUMMIT’S SPEAKERS REAL ESTATE THE BIGGEST SOUTH FLORIDA HOUSING BOOM IS NEAR THE RAIL STATIONS Brightline, the privately owned and operated rail service, opened stations in Miami, Fort Lauderdale and West Palm Beach about five years ago.103 min read HILTON, MARRIOTT SQUARE OFF IN EXTENDED-STAY BATTLE The two U.S. hotel companies are preparing to launch new brands as work and travel habits change.35 min read U.S. Watch: Truck Crashes Into Security Barriers Near White House Your browser does not support HTML5 video. 0:00 AD 0:00 PlayCreated with sketchtool. Paused Sound OnCreated with sketchtool. 0:00 / 0:31 ShareCreated with sketchtool.Closed Captions InactiveCreated with sketchtool. Keep hovering to play DRIVER ARRESTED AFTER TRUCK RAMS WHITE HOUSE BARRIERS A U-Haul rental truck appeared to have intentionally hit barriers on the north side of the White House. Images from the scene showed a Nazi flag near the crashed vehicle.1 min read E. JEAN CARROLL SEEKS MORE DAMAGES AFTER TRUMP’S ‘WHACK JOB’ COMMENTS Representatives said she was seeking further damages relating to Trump’s “malicious repetition” of allegedly defamatory comments in a CNN town hall.3 min read WESTERN STATES AGREE TO CUT USE OF WATER FROM COLORADO RIVER California, Arizona and Nevada have agreed to cuts requested by the federal government to help keep two of the main river system reservoirs, Lake Mead and Lake Powell, from falling to critically low levels.5 min read ELECTION 2024 QUESTIONS ABOUT TRUMP, DESANTIS AND BIDEN FUEL GROWTH OF 2024 GOP FIELD The Republican presidential-nomination race is expected to crack the half-dozen mark for higher-profile entrants this week, and several more are considering bids.645 min read * TIM SCOTT BETS PERSONAL STORY WILL BOOST LONG-SHOT 2024 WHITE HOUSE BID * WHO’S RUNNING FOR PRESIDENT IN 2024? WORLD EUROPE’S ECONOMY COOLS DOWN AS INTEREST-RATE RISES BITE European business activity slowed in May, a sign that rising borrowing costs are taking a toll on economic growth as central banks scramble to tame stubbornly high inflation.34 min read NEW CHINESE AMBASSADOR DEPARTS FOR THE U.S. UNDER A CLOUD OF UNCERTAINTY China’s new ambassador to the U.S. is set to arrive in Washington, a potential signal of Beijing’s willingness to improve communications with Washington.3 min read MUSIC HOW BOYGENIUS, A CHART-TOPPING SUPERGROUP, AVOIDS TOXICITY Combining the talents of three distinct singer-songwriters, boygenius has found a way to rise above ego clashes and creative discord.Long read BUSINESS heard on the street FORD STOCK HAS AN UPHILL CLIMB The Detroit automaker sharpened its pitch to investors, but expectations are already high.3 min read ◆ WSJ News Exclusive PANERA BRANDS NAMES NEW CEO AHEAD OF IPO Panera Brands said it promoted José Alberto Dueñas to chief executive as the restaurant company prepares to offer its shares on the public markets.2 min read VIDEO Three Ways Biden Could Bypass Congress to Avoid a Default Your browser does not support HTML5 video. 0:00 ADVERTISEMENT 0:00 PlayCreated with sketchtool. Paused Sound OnCreated with sketchtool. 0:00 / 7:05 ShareCreated with sketchtool.Closed Captions InactiveCreated with sketchtool. Keep hovering to play THREE WAYS BIDEN COULD BYPASS CONGRESS TO AVOID A DEFAULT 7:05 TOKYO VS. NEW YORK: WHY JAPAN’S PUBLIC TRANSIT OUTRANKS THE U.S. 6:17 RUSSIA CLAIMS CONTROL OF BAKHMUT: THE BLOODIEST BATTLE OF THE UKRAINE WAR 4:11 BUY SIDE FROM WSJ THE BUY SIDE TEAM IS INDEPENDENT OF THE WALL STREET JOURNAL NEWSROOM BEST DIVIDEND STOCKS OF 2023 Steady investments for an unsteady marke.Long read HOW FAR WILL HOME PRICES DROP IN 2023? If you’re expecting a crash to make housing affordable, think again4 min read THE BEST VANGUARD ETFS OF 2023 Overwhelmed by Vanguard’s menu of index funds? Here’s the small handful you really need to build a well-rounded portfolio.Long read CMO TV’S ANNUAL UPFRONTS WERE LIGHT ON STARS, HEAVY ON DRAMA (AND NOT THE SCRIPTED KIND)7 MIN READ VERIZON CHIEF MARKETING OFFICER DIEGO SCOTTI STEPPING DOWN AFTER EIGHT YEARS2 MIN READ ROBLOX CRITICIZED BY CHILDREN’S ADVERTISING WATCHDOG4 MIN READ CIO TECHNOLOGY WAS SUPPOSED TO TRANSFORM INSURANCE PRICING. IT HASN’T.7 MIN READ GENERATIVE AI PILOTS HAVE COMPANIES REACHING FOR THE GUARDRAILS5 MIN READ NOT A TECH FIRM? SNARING TOP LAID-OFF TECH TALENT WON’T BE EASY5 MIN READ CFO COMPANIES UNVEIL DETAILS ABOUT SUPPLY-CHAIN FINANCING UNDER NEW RULE5 MIN READ CFOS GIRD FOR DEFAULT DISRUPTIONS IF DEBT-CEILING TALKS FAIL4 MIN READ FOR TAX EXECUTIVES, MORE DISCLOSURE ON GLOBAL LIABILITIES MEANS MORE HEADACHES5 MIN READ RISK & COMPLIANCE TESCO CHAIR TO STEP DOWN FOLLOWING CLAIMS OF INAPPROPRIATE CONDUCT TOWARD WOMEN2 MIN READ HOW META USES NETFLIX-STYLE VIDEOS TO GET ENGINEERS THINKING ABOUT COMPLIANCE5 MIN READ THE MORNING RISK REPORT1 MIN READ LOGISTICS REPORT RETAILERS NEAR RESTOCKING AS INVENTORY PARING WINDS DOWN4 MIN READ U.S. SEAPORTS ARE WEATHERING A NUMBERS HANGOVER IN IMPORT VOLUMES3 MIN READ TODAY’S LOGISTICS REPORT: WINDING DOWN DESTOCKING; IMPORTS’ ANNUAL HANGOVER; INVENTORY IN GEAR1 MIN READ SUSTAINABLE BUSINESS VODAFONE AND NESTLÉ CREATED PANELS TO AVOID ‘GREENWASHING’ ALLEGATIONS3 MIN READ CARBON ACCOUNTING CHANGES COULD LIFT CORPORATE GREENHOUSE-GAS EMISSIONS4 MIN READ PRO TAKE: CAN NICKEL, COBALT AND OTHER BATTERY METALS BE SOURCED SUSTAINABLY?5 MIN READ HEARD ON THE STREET DUSTING OFF THE DEBT-CEILING PLAYBOOK3 MIN READ U.S. DEFAULT COULD SUPERCHARGE THESE STOCKS AND SPOOK ALLIES3 MIN READ WHY BIG OIL LIKES SMALL DEALS3 MIN READ BARRON’S LOWE'S STOCK SINKS. IT'S THE LATEST TO LOWER FORECASTS AMID RETAIL GLOOM.2 MIN READ MORGAN STANLEY'S SAPERSTEIN COULD BE THE NEXT CEO4 MIN READ DICK'S SPORTING GOODS EARNINGS BEAT EXPECTATIONS. THE STOCK JUMPS.1 MIN READ MARKETWATCH STOCKS RETURNED 8% OVER THE LAST DECADE, ADJUSTED FOR INFLATION. VANGUARD ISN'T THAT OPTIMISTIC FOR THE NEXT 10 YEARS.2 MIN READ INVESTORS FLEE THE SOUTH FOR MIDWEST. APARTMENT RENTAL GROWTH FOR THE SUN BELT IN 2023? IT'S PROJECTED AT 0%.5 MIN READ LOWE'S STOCK FALLS AFTER EARNINGS BEAT EXPECTATIONS BUT FULL-YEAR GUIDANCE WAS CUT2 MIN READ MANSION GLOBAL Independent of The Wall Street Journal newsroom. FINDING FIDO: SMART TECH FOR KEEPING TRACK OF YOUR PETS THIS SUMMER1 MIN READ A DUPLEX OVERLOOKING ONE OF PRIME LONDON’S VERY FIRST GARDEN SQUARES3 MIN READ AN ELUSIVE $200 MILLION SALE REPORTEDLY MATERIALIZES IN CALIFORNIA WITH BEYONCE AND JAY-Z’S MALIBU PURCHASE4 MIN READ PENTA J.P. MORGAN’S FUTURE-FORWARD SUMMER READING LIST4 MIN READ 20 MINUTES WITH: PHOTOGRAPHER BRIGITTE LACOMBE5 MIN READ WINE WRITER LEWIS CHESTER BRINGS SOME OF HIS COLLECTION TO AUCTION2 MIN READ SIGN UP FOR WHAT'S NEWS Catch up on the headlines, understand the news and make better decisions, free in your inbox every day. Preview Subscribe Close Message SIGN UP FOR WHAT'S NEWS I agree to the Terms of Use, Privacy Notice and Cookie Notice. I would like to receive updates and special offers from Dow Jones and affiliates. I can unsubscribe at any time. Your Email Sign Up Please Check Your Inbox. We've sent a confirmation email for your subscription. You can also review our Privacy Policy and Cookie Policy Close OPINION WHY CANCER DRUGS ARE BEING RATIONED By The Editorial Board | Review & Outlook THE NAACP EXPELS FLORIDA FROM THE UNION By The Editorial Board | Review & Outlook TIM SCOTT’S PITCH FOR AMERICAN REVIVAL By The Editorial Board | Review & Outlook THE 1967 FILM THAT FORETOLD DANIEL PENNY By Gregg Opelka | Commentary BIDEN COURTS ANOTHER MORTGAGE CRISIS By Edward Pinto and Tobias Peter | Commentary AMLO SAYS WHAT’S YOURS CAN BE HIS IN MEXICO By The Editorial Board | Review & Outlook Got a tip for us?Here’s how to submit it. MOST POPULAR NEWS 1. HOW DID HYUNDAI GET SO COOL? 2. JEFFREY EPSTEIN APPEARED TO THREATEN BILL GATES OVER MICROSOFT FOUNDER’S AFFAIR 3. THE PUBLIC GOLF COURSE PRO WHO SHOCKED THE PGA CHAMPIONSHIP 4. UKRAINIAN-BACKED TROOPS STAGE CROSS-BORDER INCURSION INTO RUSSIA 5. HERE’S WHAT IT LOOKS LIKE WHEN AMERICANS RETIRE OVERSEAS MOST POPULAR OPINION 1. OPINION: ELON MUSK IS RIGHT ABOUT GEORGE SOROS—AND NOT ANTI-SEMITIC 2. OPINION: WHAT THE 14TH AMENDMENT REALLY SAYS 3. OPINION: ‘UNELECTABILITY’ WON’T DEFEAT DONALD TRUMP IN 2024 4. OPINION: ESCAPE FROM NEW YORK, ETC. 5. OPINION: THE NAACP EXPELS FLORIDA FROM THE UNION RECOMMENDED VIDEOS 1. THE SCIENCE BEHIND CONTROVERSIAL NEW WEIGHT LOSS DRUGS LIKE OZEMPIC 04:15 2. WSJ OPINION: HITS AND MISSES OF THE WEEK 01:47 3. RUSSIA CLAIMS CONTROL OF BAKHMUT: THE BLOODIEST BATTLE OF THE UKRAINE WAR 04:11 4. WATCH: BIDEN ADDRESSES THE DEBT CEILING AT G-7 SUMMIT 00:57 5. WSJ OPINION: DIVERSITY, EQUITY AND INCLUSION DEVELOPS A COUNTER-MOVEMENT 06:23 JOURNAL REPORTS FILING AN AMENDED 2022 TAX RETURN? HERE’S WHAT TO KNOW For one thing, expect more delays than in the past if you’re seeking a refund.6 min read * THE HEALTHCARE PLAN MOST PEOPLE SHOULD BUY—AND WHY THEY DON’T * RETURNING TO THE OFFICE IS KILLING MY BUDGET HOW YOUR PERSONALITY CAN AFFECT YOUR PORTFOLIO4 MIN READ A PROFESSOR SPENT YEARS HELPING HIS MOTHER. 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