Activist investor sees $1.39 trillion of untapped value in Amazon
Third Point’s Daniel Loeb told investors on a private call that the market is underestimating the potential of the tech giant’s two key businesses.
The Wall Street Journal
Entente multiplies threat from Russia and China
The entente serves to project China’s power through Russia, and the misguided idea that the US needs to ignore one to focus on the other intensifies the danger.
Fed eyes Easter rate hike
The US central bank last month discussed a faster timetable for raising interest rates starting in March, amid greater discomfort with high inflation.
No rush to raise rates, say policy makers
The Australian Treasury Secretary said aiming for full employment implies a slow, or ‘tapered’, withdrawal of monetary and fiscal stimulus.
Super Bowl betting hits record mark
FanDuel, DraftKings and BetMGM grapple over market share as access to legal sportsbooks booms.
SEC probes Binance US affiliates
Regulator is interested in trading firms with links to Binance’s founder, people familiar with the probe say.
At the bleakest Olympics ever, this superstar wins a medal for misery
Norway’s Jarl Magnus Riiber had the gold medal sewn up before he skied the wrong way.
Yellowstone fans get a jumbo-size season 5
Creator of the popular Western drama announces plans for a huge new season, a new Dutton family story and other series starring Sylvester Stallone, 75, as a Tulsa mobster.
Key clue in $4.5bn Bitcoin heist: a $500 gift card
Federal investigators spent years probing the hacking of the Bitfinex exchange. In the end, what helped lead them to two young suspects was something much more quotidian.
Citigroup CEO Fraser paid $31.5m, well below male peers
Jane Fraser took over as Citigroup chief in early 2021, the first woman to lead a big Wall Street bank. Her ascent was hailed as an long-overdue sign of progress.
Russia toys with Ukraine regions
The move could be used to justify a Russian incursion, but so far there is no sign of how Vladimir Putin would respond.
Harvard wants MBAs to learn to be happy at work
To lead a happy team, you have to learn to be happy yourself, according to a course that’s been popular in the pandemic.
Facebook’s Meta sued over facial-recognition practices
Texas is suing the social-media giant saying its now discontinued technology violated privacy laws that could result in penalties in the hundreds of billions of dollars.
No sex as China censors Friends
US sitcom Friends has returned to Chinese streaming services but with changes that have upset some Chinese fans.
US probes banks, hedge funds on block-trading tip offs
Investigators are looking at whether Morgan Stanley and others improperly alerted their clients to large share sales before they were publicly disclosed.
Trudeau invokes emergency powers
Ottawa will be given extraordinary powers to end demonstrations against vaccine mandates that have paralysed the capital.
Not in interested in war? War is interested in you
The choice isn’t whether to start World War III or surrender to Russian demands. It’s about signalling to Putin the US and its allies will resist his ambition to extend Russia’s ambit across Europe.
Cathie Wood’s ARK holds firm on innovation bet
ARK Investment Management is snapping up more shares of largely unprofitable companies.
Saudi Arabia moves $US80bn Aramco shares to wealth fund
The transfer of a 4 per cent stake in the world’s most valuable oil company is part of the Kingdom’s efforts to diversify the energy-dependent economy.
Why Russia threat is driving oil prices near $US100
Fears of a Ukraine invasion is shaking up a fragile oil market, amid concern it could lead to a substantial drop in the flow of Russian barrels.
Original URL: https://www.theaustralian.com.au/business/the-wall-street-journal/page/197