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The Wall Street Journal

Thursday, June 14, 2018
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A $15,000 iPhone-Hacking Box Has Apple Playing Defense 14 Jun 10:32pm Updated A $15,000 iPhone-Hacking Box Has Apple Playing Defense
GrayKey, a $15,000 iPhone-unlocking box sold to police and other U.S. authorities by Atlanta startup Grayshift, is in heavy use with some forensic law-enforcement authorities, prompting Apple to punch back.
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GBP 1,33 +0,602%
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Nafta Talks Will Extend Into Summer, Canadian Official Says 14 Jun 10:03pm Updated Nafta Talks Will Extend Into Summer, Canadian Official Says
The three nations “will be working hard over the summer” on the North American Free Trade Agreement, Foreign Minister Chrystia Freeland said following a meeting with the Trump administration’s chief trade envoy.
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Top Facebook Strategist to Step Down 14 Jun 8:48pm Updated Top Facebook Strategist to Step Down
Facebook’s top policy and communications executive, Elliot Schrage, is stepping down, ending a decadelong tenure at the social-media giant as it faces intense scrutiny for its business practices and commitment to privacy.
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U.S. Economy Seen Chugging Ahead of Europe and Asia 14 Jun 7:32pm Updated U.S. Economy Seen Chugging Ahead of Europe and Asia
The U.S. economy is revving up just as those in Europe and Asia lose steam, ending a rare period in which the world’s dominant economies were accelerating in tandem.
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Judge Clears AT&T, Time Warner to Close Deal 14 Jun 7:25pm Updated Judge Clears AT&T, Time Warner to Close Deal
A federal judge authorized AT&T to complete its purchase of Time Warner, after the Justice Department decided not to request a delay that could have held up the combination.
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Etsy Raises Fees, Angering Sellers but Sending Stock Soaring 14 Jun 6:03pm Updated Etsy Raises Fees, Angering Sellers but Sending Stock Soaring
Online crafts marketplace Etsy said it is increasing the transaction fees it charges, cheering Wall Street investors but angering some of the merchants that sell on the site.
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IMF Sees U.S. Potential Growth at Half the Pace of White House Estimates 14 Jun 5:48pm Updated IMF Sees U.S. Potential Growth at Half the Pace of White House Estimates
The International Monetary Fund warned that the economic boost from last year’s tax cuts in the U.S. will fade in 2019 and 2020, and the U.S. economy will then slow considerably.
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Royal Caribbean to Buy Controlling Stake in Silversea 14 Jun 5:11pm Updated Royal Caribbean to Buy Controlling Stake in Silversea
Royal Caribbean Cruises will acquire a roughly 67% stake in privately held Silversea Cruises for about $1 billion, the company said.
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ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind Down 14 Jun 4:34pm Updated ECB to End Bond-Buying Program in December as Crisis-Era Policies Wind Down
The European Central Bank is closing a chapter on one controversial policy, government bond purchases, while extending the life of another: negative interest rates.
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Etsy Raises Fees on Sellers 14 Jun 4:07pm Updated Etsy Raises Fees on Sellers
Online crafts marketplace Etsy said it is increasing the transaction fees it charges, cheering Wall Street investors but angering some of the merchants that sell on the site.
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The Hacking Box That Led to a Golden Age of iPhone Investigations 14 Jun 1:32pm The Hacking Box That Led to a Golden Age of iPhone Investigations
GrayKey, a $15,000 iPhone-unlocking box sold to police and other U.S. authorities by Atlanta startup Grayshift LLC, is in heavy use with some forensic law-enforcement authorities, prompting Apple to punch back.
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What Should Waiters Earn? Debate Over the Tipped Wage 14 Jun 1:09pm What Should Waiters Earn? Debate Over the Tipped Wage
In Washington, D.C., and in some states, dual wage scales for tipped and nontipped service workers may be coming to an end. Many employers aren’t happy about it. Perhaps surprisingly, some workers aren’t either.
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Snapchat Zigs Where Facebook Zags 14 Jun 12:48pm Updated Snapchat Zigs Where Facebook Zags
Snapchat is opening its platform to outside developers in a push for growth that will also test its commitment to privacy.
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What Should Wait Staff Earn? Debate Over the Tipped Wage 14 Jun 12:42pm Updated What Should Wait Staff Earn? Debate Over the Tipped Wage
In Washington, D.C., and in some states, dual wage scales for tipped and nontipped service workers may be coming to an end. Many employers aren’t happy about it. Perhaps surprisingly, some workers aren’t either.
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Retail Sales Soared in May 14 Jun 12:38pm Updated Retail Sales Soared in May
Americans spent a big chunk of their paychecks on retail goods in May, one of several developments helping lift the economy to a stronger phase of growth this year.
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Etsy Raises Fees on Sellers Using Its Platform 14 Jun 12:37pm Etsy Raises Fees on Sellers Using Its Platform
Online craft marketplace Etsy said it is increasing the fees it charges its more than 2 million active sellers, drawing criticism from entrepreneurs who use the platform.
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What Should Wait Staff Earn?Debate Over the Tipped Wage 14 Jun 12:14pm What Should Wait Staff Earn?Debate Over the Tipped Wage
In Washington, D.C., and in some states, dual wage scales for tipped and nontipped service workers may be coming to an end. Many employers aren’t happy about it. Perhaps surprisingly, some workers aren’t either.
 Like Reply
U.S. Preparing to Proceed With Tariffs on Chinese Goods 14 Jun 11:03am Updated U.S. Preparing to Proceed With Tariffs on Chinese Goods
The Trump administration is preparing to levy tariffs on tens of billions of dollars of Chinese goods in the coming week, perhaps as early as Friday—a move that’s likely to spark retaliation from Beijing.
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Goodbye London: Unilever Set to Lose Its Place in the FTSE 100 14 Jun 11:03am Goodbye London: Unilever Set to Lose Its Place in the FTSE 100
Unilever, one of the U.K.’s biggest companies, looks set to leave the country's blue chip FTSE 100 index after consolidating its legal structure in the Netherlands.
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What Should Wait Staff Earn? The Debate Over the Tipped Wage 14 Jun 11:00am What Should Wait Staff Earn? The Debate Over the Tipped Wage
In Washington, D.C., and in some states, dual wage scales for tipped and nontipped service workers may be coming to an end. Many employers aren’t happy about it. Perhaps surprisingly, some workers aren’t either.
 Like Reply
Apple Tests Feature That Could Hamper Access to iPhones 14 Jun 10:57am Updated Apple Tests Feature That Could Hamper Access to iPhones
Apple is working on a new security feature that could make it harder for investigators to retrieve data from iPhones, the latest twist in its long-running standoff with law-enforcement agencies over user privacy.
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Rolls-Royce, Under Pressure From Investors, Will Cut 4,600 Jobs 14 Jun 9:29am Rolls-Royce, Under Pressure From Investors, Will Cut 4,600 Jobs
British aircraft-engine maker Rolls-Royce said it would shed 4,600 jobs even as it grapples with mounting problems with an engine powering Boeing 787 Dreamliners.
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Analysis: What Will the Fed Do With an Overshoot? 14 Jun 8:58am Analysis: What Will the Fed Do With an Overshoot?
The Federal Reserve’s dilemma is intensifying: When has the economy had too much of a good thing?
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U.S. Retail Sales Soared in May 14 Jun 8:44am U.S. Retail Sales Soared in May
Americans spent a big chunk of their paychecks on retail goods in May, one of several developments helping lift the economy to a stronger phase of growth this year.
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U.S. Jobless Claims Fell Last Week 14 Jun 8:35am Updated U.S. Jobless Claims Fell Last Week
The number of Americans filing new claims for unemployment benefits fell last week, the latest sign employers are reluctant to dismiss workers in a tight labor market.
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Rolls-Royce to Cut 4,600 Jobs 14 Jun 8:34am Updated Rolls-Royce to Cut 4,600 Jobs
British aircraft-engine maker Rolls-Royce, facing investor pressure to boost competitiveness, said it would shed 4,600 jobs even as it grapples with mounting problems with an engine powering Boeing 787 Dreamliners.
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$65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight 14 Jun 8:13am Updated $65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight
Comcast made an unsolicited offer to buy most of 21st Century Fox for roughly $65 billion, kicking off a bidding war with Walt Disney as the two media titans jockey for position in a business undergoing tumultuous change.
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WeWork in Talks With SoftBank to Double Valuation to as Much as $40 Billion 14 Jun 6:05am Updated WeWork in Talks With SoftBank to Double Valuation to as Much as $40 Billion
SoftBank Group Corp. is in discussions to invest another giant slug of capital in WeWork Cos., with a potential deal that would value the shared-office company at $35 billion to $40 billion, people familiar with the matter said.
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Why You Will See Bigger, Not Cheaper, Cable Bundles 14 Jun 4:21am Updated Why You Will See Bigger, Not Cheaper, Cable Bundles
The merger of AT&T and Time Warner will bring bigger—not cheaper—packages of entertainment rather than a la carte, pay-as-you-go custom content, writes Christopher Mims.
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The Unexpected Winner From the Trump-Kim Summit: China 14 Jun 3:58am Updated The Unexpected Winner From the Trump-Kim Summit: China
China is setting its sights on a key role in North Korea’s future after emerging as a surprise beneficiary of the summit between President Donald Trump and North Korean leader Kim Jong Un.
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Fed Raises Interest Rates, Sets Stage for Two More in 2018 14 Jun 2:16am Updated Fed Raises Interest Rates, Sets Stage for Two More in 2018
Federal Reserve officials signaled Wednesday they could pick up the pace of interest-rate increases this year and next to keep a rapidly expanding economy on an even keel.
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Borrowing Costs Climb Along With Fed Rate Increases 14 Jun 12:00am Updated Borrowing Costs Climb Along With Fed Rate Increases
Borrowing costs for consumers have risen as the Federal Reserve continues to tighten monetary policy, with interest rates on home, auto and credit-card loans reaching multiyear highs in recent months.
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