NFT sales are flatlining
Rising interest rates have crushed risky bets across the financial markets — and NFTs are among the most speculative.
The Wall Street Journal
Musk plans to take Twitter public again later
Tesla chief Elon Musk has told potential investors he could return the social-media company to public ownership after just a few years.
Sinking Roe v Wade will return abortion issue to states
Justice Samuel Alito’s careful draft opinion finally grasps the Constitutional nettle on abortion.
Chinese insurer turns low-key activist
Ping An is China’s most valuable insurer and it is quietly agitating for change that could reshape one of the world’s largest financial institutions.
US home buyers finding ways to take sting out of rising rates
More borrowers in the US are paying upfront fees and considering adjustable-rate mortgages to lower their monthly payments.
EU accuses Apple of abusing mobile-payment market power
Bloc’s antitrust chief takes issue with tight control of technology behind iPhone contactless wallets.
New strain on rise in US, but less severe
Hospitalisations are climbing, but with comparatively fewer severe cases or fresh mitigation efforts.
Chinese slowdown to weigh on world economy
While a traditional recession remains unlikely, economists see worrisome signs of a slowdown.
Why the Coastal Grandmother is a lifestyle, not a trend
The Coastal Grandmother is more of a mindset than a rigid classification.
Inflation changing US spending habits
From cigarette makers to mattress sellers, some executives caution that while spending is strong, American households are less willing to absorb price increases.
Fresh push to revive Iran nuclear deal
Talks have hit a deadlock over Iran’s demand that Washington lift terror designation on Iran’s Revolutionary Guards.
Fed readies double-barrelled tightening with bond run-off
It’s not all about interest rates this week. While the Federal Reserve is tipped to hike rates by half a point, it will also reveal how it plans to shrink its $US9 trillion portfolio.
Disney’s Florida clash has CEOs on alert
The fallout from the recent political spat between Disney and Florida governor Ron DeSantis has alarmed leaders across the corporate sphere.
Russia isn’t a military state. It’s a delusional one
His army may be incompetent and corrupt, but for all the talk of Putin’s mistakes, he was right in guessing that NATO won’t fight for Ukraine.
Putin a real risk of breaking nuclear taboo
It seems unthinkable but we do not sufficiently appreciate the distinct possibility of nuclear-weapon use by Russia in Ukraine.
Manafort sued for $4.25m
The US government seeks roughly $US3m ($4.25m) in penalties and fees from former Trump campaign chairman.
Chelsea sale would cement EPL as a US outpost
A US-led takeover of the club means more Premier League teams are controlled by American investors than British.
Jokowi trials way around tension to save talkfest
Indonesia’s invitation of Vladimir Putin to Bali meeting of Group of 20 in November is latest point of tension.
Covid restrictions pummel China’s factory activity
Data offer early glimpse of the coming economic toll from strict zero-tolerance lockdowns in Shanghai, other cities.
Warren Buffett says markets a ‘gambling parlour’
At Berkshire Hathaway’s annual meeting, the CEO shared his thoughts on the state of the markets and recent investments.
Original URL: https://www.theaustralian.com.au/business/the-wall-street-journal/page/179