Control of Congress Still Up for GrabsRepublicans are favored to win a House majority, but not as big as many in the party had hopedThe balance of the Senate is up in the air after Democrats flipped the first seat with a win in Pennsylvania. Many races remained too close to call. Follow us live for the latest news and analysis.Democrats Fend Off ‘Red Wave’Fetterman Wins Senate Race in Pa.Vance Wins in OhioGeorgia Senate Race Too Close to CallHow Different Groups VotedLive Q&A: Join Us at 1 p.m. ET for a Discussion About What Comes Next
Few States Change Control in Races for GovernorDemocrats held off challengers in several races polls showed could be close including Wisconsin, New York and Michigan, while Republican incumbents won big in Florida and Texas.3676 min read
Capital Account | Democrats Could Be Latest Governing Party to Pay for InflationPolitical leaders around the world are being tossed out by voters unhappy with rising prices.375 min read
Senate Control Is a Tossup as Key Races Remain TightSenate Control Is a Tossup With Key Races Still to Be Called
Facebook Parent Meta to Lay Off 11,000 EmployeesMeta Platforms said it would cut 13% of staff, embarking on the company’s first broad restructuring to cope with a slumping digital-ad market and falling stock price.4 min readMeta Stock Price Jumps Premarket
LIVE MARKETS UPDATESStocks Fall as Midterm Results Roll InU.S. stocks declined as investors waited to learn if Republicans would take control of one or both chambers of Congress. Bitcoin and other cryptocurrencies extended declines.Hong Kong Stock Exchange Hit HardIndividual Investors Trade YOLO for ETFs
Binance’s Deal for Rival FTX Marks Power Shift Amid Crypto TurmoilThe agreement between the competitors, who had recently traded barbs in public, comes after cryptocurrency companies and traders pulled money from FTX over concerns about the exchange’s financial stability.Long readBitcoin, Ether, FTX Token Prices Sell OffCrypto Exchanges Tout ReservesTether Edges Below Dollar Parity
Businesses Rush to Sidestep Rate Shock by Paying Down DebtExecutives are aggressively paying down debt as higher interest rates increase the cost associated with having debt and businesses face the prospect of a recession.5 min read
Some Investors Bet Fed Could Lift Rates to Two-Decade HighInvestors are bracing for the possibility that a second year of stubborn inflation could force the Federal Reserve to bring interest rates higher than they have been in more than 20 years.
Ukrainian Forces Move Into Key Town North of KhersonUkraine’s troops pushed into the town Snihurivka as they advanced their efforts to retake territory in the south of the country, while intense fighting rages in the eastern Donetsk region.374 min readZelensky Sets Conditions for ‘Genuine’ Peace TalksEU Looks to Lock In Economic Aid for Ukraine
◆ WSJ NEWS EXCLUSIVEChip-Making Juggernaut TSMC Eyes Multibillion-Dollar Factory ExpansionTaiwan Semiconductor Manufacturing, the world’s largest contract chip maker, plans to announce a second multibillion-dollar factory in Arizona.3 min readEntrepreneur Caught in the Middle of U.S.-China Chip War
Former Peloton CEO John Foley Moves From Selling Bikes to RugsErnesta, which Foley started with two Peloton co-founders, will sell rugs cut to fit a shopper’s room.2 min read
China Producer Prices Turn Negative in Warning Sign for Global EconomyPrices charged by Chinese companies at the factory gate recorded their first annual fall in almost two years, another downbeat signal for the global economy as bulging inventories and cautious consumers in the West hit overseas demand for Chinese-made goods.4 min read
HEARD ON THE STREETOil’s Other Strategic Reserve Is Running Low, TooThe inventory of drilled but uncompleted wells has stabilized in recent months.3 min read
Weak Yen is Boosting Profits for Japanese CompaniesAided by the yen’s fall to a three-decade low against the dollar this year, top Japanese companies are expecting healthy profits.3 min read
Microsoft Faces Fresh Antitrust Complaint in EuropeAn industry group is alleging that the company’s business practices give it an unfair advantage over cloud-services competitors.3 min read
Adidas to Sell Shoes Based on Yeezy Designs Following Break With Kanye WestThe German sporting-goods company said it is the sole owner of all rights to existing products, except for the Yeezy name, and it intended to make use of those rights as early as the end of 2023.4 min read
Disney’s Earnings Hurt by Costs at Disney+The company said it plans to make cuts to marketing and content budgets after suffering wider losses in the streaming business. Shares fell around 7% after hours.434 min readHeard on the Street: Disney Shows the Limits of Streaming
News Corp Says Lower Book Sales on Amazon, Foreign Exchange Weigh on ResultsWall Street Journal parent Dow Jones was the company’s only unit to post revenue growth in the latest quarter.3 min read
Europe Doubles Down on Big GovernmentFaced with soaring inflation and an energy crisis, European politicians are adding thousands of public-sector jobs, guaranteeing business loans, subsidizing energy bills and splurging on infrastructure.307 min read
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