WSJ Financial News

According to The Wall Street Journal, which cited internal Amazon (NASDAQ:AMZN) data and sources familiar with the matter, Amazon has surpassed both United Parcel Service Inc (NYSE:UPS) and FedEx (NYSE:FDX) to become the largest delivery business in the U.S. in terms of parcel volumes.

Crown Castle (NYSE:CCI) shares rose more than 3.5% in U.S. premarket trading following a report in the Wall Street Journal that activist investor Elliott Investment Management aims to advocate for changes at the wireless tower owner.

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Kansas City Chiefs tight end Travis Kelce delved into the challenges of being in the spotlight after his relationship with pop icon Taylor Swift became public. Kelce, who recently featured on the cover of Wall Street Journal Magazine, provided candid insights into the media scrutiny and his admiration for Swift's ability to handle fame.

Kansas City Chiefs tight end Travis Kelce had a rough night on Monday as the team lost 21-17 to the Philadelphia Eagles as Taylor Swift, his girlfriend, gave the game a miss due to ongoing “Eras Tour” concert in Brazil. Kelce's performance was marred by a costly fumble within the red zone, a late-game drop of an easy pass in the fourth quarter, and an overall lackluster impact on the game. He managed only seven catches for 44 yards and one touchdown. The 34-year-old has struggled to make a significant impact in recent games, failing to surpass 58 yards in his last three outings.

Bullish said on Monday it has acquired crypto news website CoinDesk from Barry Silbert's Digital Currency Group (DCG). Financial terms of the deal, which was first reported by the Wall Street Journal, weren't disclosed.

No one enjoys waiting in long lines at airport security or suffering through a departure delay. Some airports do a better job of making those miseries less miserable. LaGuardia Airport in New York and Orlando International Airport in Florida are infamous among travelers for their problems with on-time arrivals and departure delays.

(Reuters) -Meta Platforms has struck a deal with Tencent Holdings (OTC:TCEHY) to sell a new, low-cost virtual-reality (VR) headset in China, as it tries to return to a market where Facebook (NASDAQ:META) and Instagram remain blocked, the Wall Street Journal reported on Thursday.

Russia is in a difficult situation as a result of the protracted conflict in Ukraine. It has turned to former defence allies for assistance in an effort to replenish its military weapons. Moscow is notably focused on Pakistan.

Goldman Sachs promoted some new managing directors on Friday. In a reminder that Goldman Sachs isn't just an investment bank and trading business nowadays, fewer than half (47%) of the 608 lucky new MDs work in the banking and markets business. Another 25% are Goldman's new preferred places of asset and wealth management. The remainder are dotted across Goldman's remaining divisions.

Last week, the White House issued an executive order for command and control of artificial intelligence, strangely invoking the Defense Production Act. President Biden apparently got nervous after watching the latest “Mission: Impossible" movie. Really.

(Reuters) -Tesla's management in Germany late last week informed 11,000 workers they will receive a 4% wage raise effective in November, The Wall Street Journal reported on Sunday, where unions have previously said they earn below the industry average.

Flexible workspace provider WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, in a stunning reversal of fortune for a company that was once privately valued at $47 billion. Shares of the company fell 30% in extended trading after the Wall Street Journal first reported the news. They have fallen roughly 96% this year.

Waystar, which was set to launch its initial public offering (IPO) roadshow to pitch investors this week, has now delayed it until at least December, the Wall Street Journal reported on Tuesday. Reuters reported in August that Louisville, Kentucky-based Waystar was eyeing an IPO that could value the company at as much as $8 billion, including debt. The company will likely wait until 2024, the Journal's report added, citing people familiar with the matter. Waystar did not immediately comment on the report. Waystar, which provides software that helps hospitals and clinics manage their finances, has said it intends to list its common stock on the Nasdaq under the symbol «WAY». The company was formed in 2017 through the merger of Navicure and ZirMed. The company develops payment software helping clients such as large hospital systems with the collection of bills from patients. Waystar made its IPO filing public in October after confidentially filing it in August, joining a wave of new listings that followed a months-long dry spell wrought by high interest rates and fears of a recession. Still, hopes of the new listings — including those of chip designer Arm, and grocery delivery app Instacart — buoying the IPO market were dashed after the stocks fell below their IPO price soon after debut. Earlier this month, Birkenstock's shares ended more than 12% below its IPO price in an underwhelming Wall Street debut that signaled investors remain cautious about new listings. Waystar was valued at $2.7 billion when EQT and CPPIB acquired a majority stake in the company in 2019 from Bain Capital, which stayed on as a minority investor.

WeWork raises doublt about its survival The company also signed a seven-days long forbearance agreement with its creditors on October 30 (Monday), it added. A company spokesperson told Bloomberg this agreement would provide “time to continue in the positive conversations with our key financial stakeholders and engage with them to implement our ongoing strategic efforts to enhance our capital structure." Forbearance is a lender's temporary approval to delay loan payments, given in place of compelling the borrower into foreclosure or default. The spokesperson added that WeWork has a “a clear, long-term vision for the future", but did not respond to other queries, as per Bloomberg.

(Reuters) -WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank (TYO:9984) Group-backed company struggles with a massive debt pile and hefty losses.

Catch LIVE updates from Israel-Gaza war here Notably, maps from China has often been the bone of contention in the East Asian Nation's diplomatic relation with other countries. Notably, the absence coincides with China's often non-committal diplomatic stance toward the Middle East and has raised questions among Chinese netizens, particularly in light of recent conflicts.

To listen to Peter Orszag, the new CEO of Lazard, talk about the bank's results yesterday, you might assume that things are going well there. According to its presentation, Lazard wants to hire 10-15 managing directors 'net' every year. In an interview with Financial News, Orszag declared that these bankers will cover everything from technology to industrials, healthcare and energy and that Lazard will also be hiring for Germany, America, restructuring and its private capital business. 

(Reuters) — Hedge fund Two Sigma Investments has told clients of $620 million in unexpected gains and losses which resulted from unauthorized adjustments, the Wall Street Journal reported.

ChatGPT maker OpenAI plans to start making its own AI chips. Here's why it's important The new Amazon investment is structured as a convertible note, a type of debt that can be converted into equity in the next round of funding, Bloomberg reported, citing Anthropic as its source. The report notes that Google has already invested $500 million in the company and has committed to investing a further $1.5 billion in the future.

Economists no longer expect a recession. Such was according to a recent WSJ survey of Wall Street economists. To wit: