The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson. The Journal is a co-production from Gimlet Media and The Wall Street Journal.
Italy Caught a Russian Fugitive. Then He Vanished.
vor 4 Stunden
19:12Artem Uss is a Kremlin-linked businessman accused of illegally exporting American military technology to Russia. Last October he was arrested in Italy at the U.S.’s request. Then he vanished. WSJ’s Margherita Stancati explains how he escaped. Further Reading: - How a High-Value Russian Wanted by the U.S. Escaped From Italy Further Listening: - A WSJ Reporter Arrested in Russia - Russian Court Upholds WSJ Reporter’s Detention Learn more about your ad choices. Visit megaphone.fm/adchoices
The $1 Trillion Company That Started at Denny’s
vor einem Tag
16:54Only seven American companies have ever been worth a trillion dollars. Some came from garages. Others were started in college dorm rooms. Nvidia was born in a Denny's. WSJ's Asa Fitch on how the explosion of AI helped the chip maker become one of the most valuable companies in the world. Further Reading: - The $1 Trillion Company That Started at Denny’s - The AI Boom Runs on Chips, but It Can’t Get Enough - How AI Is Catapulting Nvidia Toward the $1 Trillion Club Further Listening: - America’s Answer to the Chip Shortage Learn more about your ad choices. Visit megaphone.fm/adchoices
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The Showdown Over Hulu
vor 2 Tagen
16:59For years, Disney and Comcast have been locked in a battle over Hulu. Now, the streamer’s co-owners are trying to bring an end to their uneasy marriage. WSJ’s Jessica Toonkel unpacks the years of wrangling and the looming deal that could leave Disney with full ownership of Hulu. Further Reading: - Inside Disney and Comcast’s Fight Over the Future of Hulu Further Listening: - Does the Future of Streaming Look More Like Cable? - The Disney Boss Who Wouldn’t Let It Go Learn more about your ad choices. Visit megaphone.fm/adchoices
The Downfall of a Real Estate Empire
17:54Over the past four years, Jay Gajavelli built a real-estate empire using funds from small investors who wanted to make passive income. Last year, Gajavelli’s company owned more than 7,000 apartments in the Houston area. Now he’s at the center of one of the biggest commercial real-estate blowups in years. WSJ’s Will Parker details what happened and what it says about the housing market going forward. Further Reading: - A Housing Bust Comes for Thousands of Small-Time Investors Further Listening: - How High Will Interest Rates Go? Learn more about your ad choices. Visit megaphone.fm/adchoices
Thousands of Government Officials Own Stocks In Companies Their Agencies Oversee
18:48We’re off today, but we still have an episode for you! Hidden records show that thousands of senior executive branch employees owned stocks in companies whose fates were affected by their employers’ actions. WSJ’s Brody Mullins and Rebecca Ballhaus take us inside the nearly year-long Wall Street Journal investigation. This episode originally aired in October 2022. Further Reading: -Government Officials Invest in Companies Their Agencies Oversee -131 Federal Judges Broke the Law by Hearing Cases Where They Had a Financial Interest -Congressional Staffers Gain From Trading in Stocks Further Listening: -The Federal Law that 138 Judges have broken Learn more about your ad choices. Visit megaphone.fm/adchoices
Evicted on Wood Street: California's Housing Crisis
21:20When Kellie Castillo needed a place to live, she ended up at Wood Street, one of the largest homeless encampments in California. State authorities have spent the past several months shutting Wood Street down, leaving people like Kellie to figure out what’s next. WSJ’s Christine Mai-Duc describes what’s behind the state’s decision and what it means for the unhoused in California. Further Reading: - California Gov. Newsom Updates Plan to Fight State’s Homelessness Problem - California’s Homelessness Problem Pits Gov. Gavin Newsom Against Mayors Further Listening: - Checking Out of Hotel 166 Learn more about your ad choices. Visit megaphone.fm/adchoices
Is Supreme Still the King of Streetwear?
16:59Supreme is known for buzzy items, long lines and frenzied sell-outs. But lately, Supreme’s products are still available days after release. WSJ’s Jacob Gallagher discusses the brand’s rise and what’s changed. Further Reading: - Is Supreme Still Cool? Further Listening: - The Designer Who Made Streetwear Luxury Learn more about your ad choices. Visit megaphone.fm/adchoices
Elon Musk on 2024 Politics, Succession Plans and Whether AI Will Annihilate Humanity
20:40In an interview at WSJ's CEO Council Summit with editor Thorold Barker, Elon Musk talked about whether he regrets buying Twitter, who might eventually take the helm of the three companies he runs and how AI will change our future. Further Reading: - Ron DeSantis to Launch 2024 Presidential Run in Twitter Talk With Elon Musk - Elon Musk Wants to Challenge Google and Microsoft in AI - The Elon Musk Doctrine: How the Billionaire Navigates the World Stage Further Listening: - Twitter’s New CEO: The Velvet Hammer Learn more about your ad choices. Visit megaphone.fm/adchoices
Kia and Hyundai’s ‘Kia Boyz’ Problem
19:17After car theft videos went viral on social media, Hyundai and Kia have been reckoning with a surge in stolen vehicles. WSJ’s Sean McLain unpacks how the thefts started and how the companies are trying to address them. Further Reading: - Kia, Hyundai Thefts Continue Three Months After Carmakers Deployed Fix- Cities Sue Hyundai, Kia After Wave of Car Thefts - States Urge Recall of Millions of Kia, Hyundai Cars After Sharp Rise in Thefts Learn more about your ad choices. Visit megaphone.fm/adchoices
The Clock Is Ticking on the Debt Ceiling
17:24The federal government uses debt to pay about a quarter of its bills and the federal borrowing limit is maxed out. WSJ’s Andrew Duehren explains the June 1st X-date (when the U.S. runs out of funds) and some catastrophic potential outcomes if Congress doesn’t raise or suspend the federal borrowing limit. Further Reading: - When Is the Debt Ceiling Deadline and What Happens if the Limit Isn’t Raised? - Yellen Says Treasury Still Expects U.S. Could Default as Soon as June 1 - World Leaders Warily Watch U.S. Debt-Limit Standoff Learn more about your ad choices. Visit megaphone.fm/adchoices