The Wall Street Journal: Former Malaysian leader arrested in connection with 1MDB scandal

The Wall Street Journal: Former Malaysian leader arrested in connection with 1MDB scandal
KUALA LUMPUR, Malaysia — Former Malaysian Prime Minister Najib Razak was arrested Wednesday by antigraft authorities in connection with the 1MDB financial scandal over his alleged receipt of more than $600 million into his personal bank account. The authorities said that Najib was being held at the antigraft agency’s headquarters and would be transferred to a court Thursday to face... Read More

The Wall Street Journal: Calpers may hire China’s foreign-exchange regulator as its investment chief

The Wall Street Journal: Calpers may hire China’s foreign-exchange regulator as its investment chief
An official with China’s foreign-exchange regulator is the lead candidate to become next investment chief of the largest U.S. public pension fund, according to people familiar with the matter. The California Public Employees’ Retirement System has offered the job to Ben Meng, deputy CIO of China’s State Administration of Foreign Exchange, one of these people said. The agency is in... Read More

Key Words: Mark Cuban admits he dropped the ball in not recognizing rampant sexual harassment

Key Words: Mark Cuban admits he dropped the ball in not recognizing rampant sexual harassment
Billionaire Mark Cuban will donate $10 million to women’s advocacy groups after an independent investigation found rampant sexual harassment on the business side of his basketball team. In February, Sports Illustrated reported that the Dallas Mavericks’ corporate environment was toxic and consistently devalued women. On Wednesday, the team released the results of a seven-month investigation, which found “numerous instances of... Read More

The Wall Street Journal: Republicans reject Kavanaugh investigation, set Friday deadline for Ford to testify

The Wall Street Journal: Republicans reject Kavanaugh investigation, set Friday deadline for Ford to testify
WASHINGTON — Republicans forged ahead with a hearing Monday to consider sexual-assault allegations against Supreme Court nominee Brett Kavanaugh and set a deadline of Friday to determine whether his accuser appears, after days of political wrangling over how best to handle accusations that threaten his nomination. White House Spokesman Raj Shah said the president won’t look at naming any replacement... Read More

Amazon reportedly aims to open 3,000 cashierless stores by 2021

Amazon reportedly aims to open 3,000 cashierless stores by 2021
Amazon.com Inc. is considering a massive expansion of its cashierless AmazonGo stores, aiming to open as many as 3,000 nationwide by 2021, according to a report by Bloomberg News. If successful, Amazon’s push into brick-and-mortar retail could shake up the convenience-store and fast-casual restaurant industries, and shares of retailers such as CVS CVS, +0.45%   , Walgreens WBA, +0.56%  , Target... Read More

Alibaba’s Jack Ma walks back promise to create 1 million jobs in U.S.

Alibaba’s Jack Ma walks back promise to create 1 million jobs in U.S.
The 1 million American jobs that Chinese billionaire Jack Ma promised he’d create following a 2017 meeting with then-President-elect Donald Trump are not coming, thanks to the trade war between the U.S. and China. “The promise was made on the premise of friendly U.S.-China partnership and rational trade relations,” Ma, the founder and chairman of Alibaba Group Holdings BABA, +3.82%... Read More

The Wall Street Journal: Trump appoints Darrell Issa as director of Trade and Development Agency

The Wall Street Journal: Trump appoints Darrell Issa as director of Trade and Development Agency
WASHINGTON — President Donald Trump will name retiring congressman Darrell Issa of California to be the director of the U.S. Trade and Development Agency. The White House confirmed Wednesday that Issa, a Republican from Southern California, will be named to the position, which is currently vacant. The independent agency helps companies create jobs domestically through the export of U.S. goods... Read More

CryptoWatch: Bitcoin steadies above $6,000; CEOs lash out at New York AG report deemed ‘not friendly’ to cryptos

CryptoWatch: Bitcoin steadies above $6,000; CEOs lash out at New York AG report deemed ‘not friendly’ to cryptos
Bitcoin prices moved higher Wednesday, attempting to break out of what’s been a relatively subdued period for the world’s largest digital currency. In late Wednesday trading, a single bitcoin BTCUSD, -0.39%  was last changing hands at $6,432.61, up 1.8% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange. Bitcoin has not traded outside the $6,100-to-$6,600 range since Sept.... Read More

NewsWatch: 10 years after Lehman Brothers collapse, Americans reevaluated their relationship with money

NewsWatch: 10 years after Lehman Brothers collapse, Americans reevaluated their relationship with money
MARKETWATCH FRONT PAGE A new study suggests Americans are ‘gun-shy’ about investing. See full story. Tesla is ‘headed to the graveyard,’ warns iconic member of Detroit’s old guard Bob Lutz, a renowned “car czar” and the blunt-talking former vice chairman of General Motors, has never really been one to soft pedal his opinions, no matter how controversial or curmudgeonly they... Read More