Did Supreme Court Nominees Lie to Congress?

Photo: Sarah Silbiger / Getty Images One media narrative congealing after this week’s Supreme Court leak is that President Trump’s nominees lied to Congress by claiming they would not overturn the abortion precedent of Roe v. Wade. So allow us to check the tape — and explain why respecting past decisions does not bind the … Read more

DiDi Stock Plunges. An SEC Probe Has Alibaba and JD.com Investors On Edge Too.

Text size DiDi headquarters in Beijing AFP via Getty Images Shares in DiDi Global plunged Wednesday after the embattled Chinese ride-hailing company said it was facing a Securities and Exchange Commission investigation into its initial public offering last year. Other Chinese tech stocks were dropping. American depositary receipts of DiDi (ticker: DIDI) lost 5% in … Read more

As Inflation Eases Public Debt Load, Economists Sound Cautionary Note

Rampant inflation is helping reduce the weight of the world’s public debt relative to its economic output, a boon for governments that economists warn could easily backfire if inflation stays unchecked. Some highly indebted European countries — including Greece, Portugal and the UK — are on track to erase the additional debt raised to combat … Read more

Will Biden Cancel Student Debt? Two Years In, He’s Still Mulling Up to $ 10,000

Text size President Joe Biden said Thursday he is “considering dealing with some debt reduction.” Anna Moneymaker / Getty Images Two years since candidate Joe Biden tweeted that student borrowers should have at least $ 10,000 of their debt forgiven, the administration is “in the process of taking a hard look” at whether it should … Read more

Chinese Internet Stocks Are Off to the Races. Can It Last?

Text size Stocks bounced on China’s latest efforts to steady its economy. Isaac Lawrence / AFP via Getty Images China’s efforts to steady its economy and markets include an indication that they are willing to pause the technology crackdown that has battered the sector for 18 months. But the move, which sparked a rally on … Read more

Amgen Falls After Revealing a $ 7 Billion IRS Tax Bill

Text size Amgen faces a big tax bill relating to its Puerto Rico operations. Michael Vi / Dreamstime.com Shares of biotech company Amgen fell in out-of-hours trading Thursday after it said it owes more than $ 7 billion to the Internal Revenue Service. While the company reported that it made a $ 1.5 billion profit … Read more

Natural Gas Prices are Holding Up. Here’s Why.

Text size The Yamal-Europe pipeline from Russia has exit points in Wloclawek, Poland. The pipeline is a major source of Europe’s natural gas. Omar Marques / Getty Images Vladimir Putin’s decision to cut off natural gas shipments to Poland and Bulgaria after those countries refused to pay in Rubles was undoubtedly a big deal. The … Read more

Judge Holds Donald Trump in Contempt, Imposes Sanctions for Noncompliance in New York Probe

Former President Donald Trump has said New York’s civilian probe targeting him and his business is politically motivated.Photo: Chris Seward / Associated Press Updated Apr. 25, 2022 5:51 pm ET A New York judge on Monday held Donald Trump in contempt of court and fined him $ 10,000 a day for what he said was … Read more

The Fed’s Interest Rate Hikes Could Be Even Worse Than Feared

Text size Federal Reserve Chairman Jerome Powell. Tom Williams / Pool / Getty Images Do not fight the Fed has long been a Wall Street motto. But the nation’s central bank thus far has been a reluctant fighter in the battle against inflation, with leadership resembling that of George McClellan, the Civil War general fired … Read more

Warren Tells IRS to Focus Audits on the Rich, Not Low-Income Taxpayers

Lawmakers are calling on the IRS to stop disproportionately auditing low-income taxpayers, who they say are far more likely than other taxpayers to face IRS scrutiny, with audit rates for poorer filers having nearly doubled over the past two years. As the April 18th filing deadline approaches, wealthy taxpayers should not be complacent, despite lower … Read more

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