What’s News
Warren Buffett’s Lieutenants Are Increasingly Running Berkshire
Warren Buffett said four executives are already handling many of the day-to-day responsibilities at Berkshire Hathaway.
Trump Lawyers Take Aggressive Stance on Mueller Investigation
President Donald Trump’s legal team is striking a more combative tone with Robert Mueller, suggesting publicly that the president may decline to cooperate with the special counsel’s prosecutors. 2595
Oil Prices Reach Highest Level Since 2014, Fueled by Iran Tensions
Oil futures rose in Asian trading, hitting new 3 1/2-year highs as the U.S. benchmark hovered around $70 a barrel while a deadline to renew waivers of U.S. sanctions on Iran loomed.
Nestlé Inks Deal to Sell Starbucks Products World-Wide
Nestlé entered an agreement with Starbucks to sell the coffee chain’s consumer and food service products. Starbucks will receive an upfront cash payment of more than $7.1 billion.
Labor Unrest Erupts in Iran, Pressuring Leaders
Workers turn against not only employers but also the government over inflation, unpaid wages and failed promises of the nuclear deal. The strain would likely only worsen if the U.S. pulls out of the agreement. 251
U.S. Troops in South Korea Emerge as Potential Bargaining Chip
Voices in Washington and Seoul have given a burst of energy to an idea long considered taboo: If a peace deal can be struck with Pyongyang, would there be any need for U.S. forces on the Korean Peninsula? 119
Stocks and Bonds Are Going Nowhere, Stranding Investors
U.S. stocks and bonds appear deadlocked, reflecting the conflicting impulses of a strong economy against rising interest rates and creeping inflation fears. 69
Argentine Market Sours as Rates Soar to 40%
Argentina’s currency is reeling and its interest rates have surged to 40%, pummeling investors who piled into a market that had been one of the world’s best performers.
Australian Bank to Stop Basing Adviser Bonuses on Sales
As a judicial investigation of Australia’s financial industry proceeds, one of the country’s biggest banks, ANZ, has scrapped sales-based bonuses for its financial planners and vowed to drop planners who provide inappropriate advice.
Saudis Move to Push Oil Prices Higher, in Break From Past Policy
Crown Prince Mohammed is behind the move to push oil prices higher, aiming to raise revenue as his government seeks to overhaul the economy. 57
Heard on the Street
Turkey Faces an Intensifying Storm
A terrible week for the Turkey’s markets and economy may be made worse by rising U.S. interest rates and a stronger dollar.
Keywords
Privacy Is Dead. Here’s What Comes Next
Privacy, like public safety, is a problem that must be dealt with collectively or not at all: Welcome to the era of “group privacy.” 98
Chinese Telecom Seeks Reprieve From U.S. Ban on Parts Sales
Chinese telecommunication firm ZTE has asked the U.S. government for a stay of its order banning American companies from selling to the firm.
Mondelez Gobbles Up Cookie Maker Tate’s
Food conglomerate will acquire Tate’s Bake Shop for around $500 million as it seeks to address changing consumer tastes.
Scientists in China Race to Edit Crop Genes, Sow Unease in U.S.
Chinese-owned Syngenta makes strides in new technologies to alter plant DNA, as U.S. farmers worry that cutting-edge agricultural science is shifting East. 73
U.S.
House Republicans Tackle Next Battle: Wooing Their Own on Farm Bill
House Republicans return to Washington this week facing an intraparty fight over a sweeping agricultural and food-stamp bill, one of the last major policy battles before November’s midterm elections.
Journal Reports: Funds & ETFs
Some Active Managers Smile at the Index-Fund Robots
The popularity of indexing is making it easier to find bargains among smaller stocks, some money managers say.
What Is a ‘Sudden Stop’ in Markets?
In Translation: Capital flows into emerging-markets economies can shift course abruptly, sparking an investor stampede for the exits
Arts
Fear and Preening on the Met Gala Red Carpet
Young designer Sander Lak nervously faces his debut dressing a supermodel for the annual fashion event—’I will probably make a big fool of myself’
Economy
Global Economy Week Ahead: China Trade Balance, U.S. Inflation, BOE Meeting
This week, the U.S. and China will see inflation data, China will release its trade balance for April, and the Bank of England will make a monetary policy decision and release new economic projections.
The Riddle of the Eurozone’s Missing Inflation—in 11 Charts
Why inflation remains stubbornly low in the eurozone even as it edges up in the U.S. and Britain.
Video
The Robots that Milk Cows
7:32
Oculus Go: VR Made Easy (and Cheap)
3:03
What 3.9% Unemployment Tells Us About the Economy
1:58PAID PROGRAM
Photos
Broadway vs. London: James McArdle of ‘Angels in America’ Explains
Scottish actor James McArdle discusses the differences between performing in Tony Kushner’s epic, two-part play, “Angels in America: A Gay Fantasia on National Themes” in New York and London.
Mansion Global
Independent of The Wall Street Journal newsroom.
Shop Around for Surgery? Colorado May Soon Encourage It
By Tom Coburn | Cross Country
Judge to Mueller: Show Me the Mandate
By The Editorial Board | Review & Outlook
The Costs of Corbyn—and May
By The Editorial Board | Review & Outlook
Follow @WSJ
Sign Up for Newsletters and Alerts
Recommended Videos
Most Popular Articles
Journal Reports
Inside the Lucrative Business of Escape Rooms
How these puzzle-solving venues draw people in—and how much they make doing it.