What’s News in Markets: Intel Rallies, Amazon Delivers, Tapestry Plummets
What caused Intel’s share price to bounce back? And how did Amazon’s new same-day grocery delivery rollout affect its shares? Plus, how did a $160 million tariff hit cause turmoil for Tapestry? Host Liz Young discusses the biggest stock moves of the week and the news that drove them.
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Trump and Putin Summit on Ukraine Underway
P.M. Edition for Aug. 15. President Donald Trump and Russian President Vladimir Putin have begun their face-to-face meeting in Alaska to discuss ending the war in Ukraine. We talk to WSJ reporter Jim Carlton, who is in Anchorage, about where the leaders stand going into the summit and the vibe on the ground. Plus, tariffs have hit their highest rate in decades, but inflation hasn’t surged—and economists are puzzled. WSJ economics reporter Konrad Putzier discusses a theory about why that happens. And EV maker Rivian says a change to U.S. fuel economy rules is holding up $100 million in revenue. Ryan Felton, who covers the auto industry for the Journal, explains the change and what it means for the EV industry. Alex Ossola hosts.
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Could the U.S. Government Be Considering Buying a Stake in Intel?
A.M. Edition for Aug 15. People familiar with the matter say the chip maker is in talks with the Trump administration, as WSJ reporter Stu Woo explains. Plus, ahead of the landmark summit in Alaska between President Trump and Russia’s Vladimir Putin, WSJ South Europe bureau chief Marcus Walker explains how Ukraine’s military seems to have accepted the reality that it may not be able to win back its lost territory. And, Apple reinstates its blood oxygen monitoring feature in some of its watches following a bruising patent dispute. Azhar Sukri hosts.
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How Blue States Plan to Get More Taxes From Wealthy Residents
P.M. Edition for Aug. 14. Faced with budget shortfalls and preexisting deficits, state and local legislators are looking for ways to get more in taxes from their richest residents. WSJ economics reporter Juliet Chung describes how they’re approaching it. Plus, U.S. mortgage rates fall to their lowest level this year, offering hope to prospective buyers. And more of Americans’ retirement funds are tied to stocks than ever. Anne Tergesen, who covers retirement for the Journal, joins the podcast to discuss the risks involved. Alex Ossola hosts.
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Can Democrats Embrace AI and Win Back Silicon Valley?
A.M. Edition for Aug 14. As Ukrainian President Volodymyr Zelensky lands in the U.K. to shore up support ahead of the Trump-Putin summit in Alaska, WSJ correspondent Matthew Luxmoore says prisoner swaps provide an example of how Russia and Ukraine can cooperate in the future. Plus, why the era of big raises for low-paid workers is over. And WSJ’s Amrith Ramkumar details how Democrats are trying to reinvigorate waning support from tech executives.
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What's News brings you the biggest news of the day, from business and finance to global and political developments that move markets. Get caught up in minutes twice a day on weekdays, then take a step back with our What’s News in Markets wrap-up on Saturday and our What’s News Sunday deep dive.
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