American football erases the Iranian flag as a sign of protest

DOHA, Qatar – With the United States and Iran gearing up for a dangerous World Cup match here on Tuesday, the U.S. Soccer Federation has taken to social media to issue what it says is a statement of support for the protesters inside Iran: A modified version of the Iranian flag. The federation’s action led … Read more

Credit Suisse warns of a loss of $1.6 billion after customers withdraw funds

Credit Suisse C.S -1.45% Group AG warned it would lose about $1.6 billion in the latest quarter after customers withdrew their investments and deposits over concerns about the bank’s financial condition. Switzerland’s No. 2 bank by assets said outflows were about 6% of its $1.47 trillion in total assets, or about $88.3 billion, between Sept. … Read more

Investor home purchases drop 30% as prices rise, prices rise, and the housing market slumps

Investor purchases of homes fell 30% in the third quarter, in a sign of the uptick in borrowing rates And the high home prices that have pushed traditional buyers to the sidelines are causing these companies to pull back, too. The companies have purchased about 66,000 homes in the 40 markets tracked by real estate … Read more

The Holiday Books Issue – The Wall Street Journal

The Holiday: Books to Delight Every Reader There is no perfect and more personal gift than a well-chosen book. Across twelve categories, our reviewers compile recommendations to help you make the perfect choice. Read the article The Great Air Race Review: On the Wing and the Prayer At the first intercontinental flight competition, the excitement … Read more

Women’s tennis stood up for Peng Shuai – and delivered a financial hit that didn’t pan out

Two scenes in the past three months have captured the possibilities and pitfalls facing the WTA. Serena Williams’ surprising arrival in the third round of the US Open in September – then In a sign that she was preparing to leave tennis– Show women’s tennis star power. The broadcast was the highest-grossing singles tennis match … Read more

Why Berkshire Hathaway’s latest big bet is on a Taiwanese chip maker

Warren Buffett Berkshire Hathaway a company BRK.B 0.35% He bets billions of dollars on a Taiwanese chip maker. For years, Berkshire has mostly avoided technology stocks. In fact, in Berkshire’s 2008 Annual Report, Buffett went so far as to say that he prefers simple business. “If there is too much technology, we won’t understand it,” … Read more

Disney details plans to cut costs, layoffs and freeze hiring in a memo

Walt Disney a company dis 5.03% CEO Bob Chapek on Friday announced company-wide cost-cutting measures and told division leaders that layoffs are possible, according to an internal memo seen by The Wall Street Journal. The austerity measures, which include a ban on all but essential business travel and a freeze on new hires for all … Read more

Regulators are looking to reduce the treasury market’s dependence on major bank dealers

organizers Looking to expand trading In the massive $24 trillion market for US Treasury securities, a potential shift of power away from the small club of big banks that has dominated the market for decades, according to a federal report released Thursday. Regulators have been on high alert about market stability since March 2020, when … Read more

Twitter rolls out blue check marks to pay customers

Twitter Inc. said. It’s starting to roll out software updates to charge users $7.99 a month to mark their accounts with a blue check, as part of Elon Musk’s early efforts to boost revenue just over a week after taking ownership of the social network. Details of the latest software releases began appearing Saturday on … Read more

Iron ore prices fluctuate as China’s real estate market continues to stagnate

Adelaide, Australia – Iron ore prices have fallen to their lowest level in three years sharp deceleration In Chinese home construction it combines with Beijing’s zero-Covid strategy to reduce the demand for the commodity of the steel industry. The record price of iron ore – one of the world’s most traded commodities – fell 17% … Read more