WSJ Financial News

Visa has offered Apple roughly $100 million to take over the tech giant's credit card partnership from Mastercard, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. Visa has made a bold push to secure the Apple Card, offering an upfront payment typically reserved for the largest card programs, WSJ reported. Visa declined to Reuters' request for comment.

WSJ China is a weekly newsletter with exclusive insights on the contest between the U.S. and China, brought to you by WSJ Chief China Correspondent Lingling Wei, with help from Zhao Yueling. Reach Lingling at [email protected] or at @Lingling_Wei on X (if you’re reading this in your inbox, you can just hit reply). Sign up to get an alert every time she publishes an article. Got a tip for us? Here’s how to submit.Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.

Can the U.S. pivot from a military deterrent to a more integrated strategy? Write to me at [email protected]. Include your full name and location, and I might publish your response in a coming issue (if you’re reading this in your inbox, you can just hit reply).This is an edition of the WSJ China newsletter, a weekly dispatch of exclusive insights on the contest between the U.S.

As the U.S. and China move from a battle over economic principles to managing the status quo, who is winning? Write to me at [email protected].

Subscribe to enjoy similar stories. Amazon.com could be set to make a huge investment in ChatGPT-developer OpenAI. It’s a move that would have big ramifications across the cloud-computing and semiconductor sectors.

US Defense Secretary Pete Hegseth is under scrutiny again. Amid the fallout over the Signalgate group chat between top US national security officials that inadvertently added a veteran US journalist, Hegseth is under fire again for reportedly bringing his wife to two meetings with foreign military officials. In a purported video, Jennifer Hegseth could be seen in a video following her husband into a meeting in Brussels with allies to strategize over Ukraine, reported the Wall Street Journal. Jennifer Hegseth's presence caused «surprise», but the meeting went on without objections, the report stated. ALSO READ: Double trouble for Pete Hegseth? US Defense Secretary under fire for another controversy amid chat leak row

Signal chat leak row mounted troubles for US Defense Secretary Pete Hegseth, he is under fire again- this time for allegedly bring his wife to high-sensitive military meetings, reports the Wall Street Journal. Pete Hegseth's wife attended two meetings with foreign defense officials during which sensitive information was discussed, the report stated. The WSJ's report on Pete Hegseth comes at a time when he is already facing scrutiny for detailing plans of a military strike in a group chat on Signal, made public by a journalist at the Atlantic who had been added to the chat. Multiple Democrats have called for his resignation while a bipartisan group of senators sent a letter to the defense department calling for an inquiry into the group chat. ALSO READ: 'I am almost done...': Elon Musk to quit DOGE and leave Washington DC after $1 trillion in US govt cuts

Subscribe to enjoy similar stories. Google changed its rules around how product-review sites appear in its search engine. In the process, it devastated a once-lucrative corner of the news media world.

In this article

Meta Platforms is urging California's attorney general to block OpenAI's planned conversion to a for-profit company, the Wall Street Journal reported on Friday. In a letter to Attorney General Rob Bonta dated Thursday, Meta said that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they are poised to become profitable, WSJ reported. «OpenAI's conduct could have seismic implications for Silicon Valley. If OpenAI's new business model is valid, non-profit investors would get the same for-profit upside as those who invest the conventional way in for-profit companies while also benefiting from tax write-offs bestowed by the government,» the WSJ report quotes Meta as saying in the letter.

Trump transition team is exploring ways to significantly reduce, merge, or even eliminate the top bank regulators in Washington, The Wall Street Journal reported on Thursday. In recent interviews with potential candidates for leading these regulatory agencies, Trump advisers and officials from the newly established Department of Government Efficiency (DOGE) have inquired about the possibility of the president-elect abolishing the Federal Deposit Insurance Corp, the WSJ said, citing people familiar with the matter. Advisers have asked the nominees under consideration for the FDIC and the Office of the Comptroller of the Currency, if deposit insurance could then be absorbed into the Treasury Department, the report said.

Donald Trump newest efficiency advisor, billionaire Elon Musk, wants to take at least $2 trillion off the top of the annual federal budget. Musk's budget-cutting dream came a step closer to reality when Trump named him and fellow tech billionaire Vivek Ramaswamy to lead an advisory council called the «Department of Government Efficiency (DOGE)» with a mission to suggest ways to «slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.» The Tesla CEO and owner of social media platform X called for «at least $2 trillion» in budget cuts last month while speaking at a rally in New York. A cut of that scale would be massive in relation to the size of the federal budget, which was $6.75 trillion in the most recent fiscal year ended September. Though Musk has not yet specified whether he would cut $2 trillion annually or over time.

Subscribe to enjoy similar stories. Cognitive scientist, author and entrepreneur Gary Marcus was an early and vocal critic of large language models, arguing their limitations were far greater than many people thought. Lately, he has been making the case that LLMs are far riskier, too—and must be regulated.

John Curtice, the 32-year-old macro trader who joined hedge fund Millennium earlier this year on a package allegedly worth $50m has left again. Bloomberg reports that his apparently inadvertent exit followed a ‘net low single digit loss,’ and claims that Curtice exceeded guidance on his risk limits. However, Bloomberg also says that Curtice’s trades didn’t hit a limit that would actually trigger a stock loss. Instead, the fund is said to have had multiple ‘discussions’ about risk limits with him before he left. 

Subscribe to enjoy similar stories. How could humanoid robots reshape the workplace? Joanna Stern, senior personal-technology columnist at The Wall Street Journal, talked about that future with Peggy Johnson, chief executive of Agility Robotics, at the recent WSJ Tech Live conference. They were joined onstage by one of the company’s Digit robots, a humanoid that demonstrated its potential to learn to perform tasks.

Subscribe to enjoy similar stories. Imagine being able to control a computer with your thoughts—even more easily and quickly than using your hands. That is the goal of Precision Neuroscience.

Subscribe to enjoy similar stories. When Matt Garman took over as chief executive of Amazon Web Services in June, one challenge stood out among the rest. He is now responsible for directing the efforts of the cloud-services business—the main driver of Amazon.com’s profits—to harness the potential of artificial intelligence for its customers.

TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion, the Wall Street Journal reported on Sunday. Top executives at TSMC have visited the UAE recently and talked about a plant complex on par with some of the company's largest and most advanced facilities in Taiwan, the WSJ said, citing people familiar with the interactions. South Korea-based Samsung Electronics, a maker of smartphones, TVs and memory chips, is also considering major new chip-making operations in the country in the years ahead, the paper said.