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Alibaba, Ant Face Crackdowns From Chinese Regulators

Beijing is coming down hard on one of its biggest and most powerful business empires, taking action against billionaire Jack Ma’s two crown jewels.

The Wall Street Journal |  | Fuente original

U.S. Household Spending Drops for First Time in Seven Months

Household spending fell for the first time in seven months and layoffs remained elevated as a surge in coronavirus cases weighed on economic recovery. Household income also declined, partly reflecting the fading effects of aid programs put in place earlier this year.

The Wall Street Journal |  | Fuente original

Fatal Landslide in Brazil Pushes Iron Ore Toward Record

Iron-ore prices are surging toward a high as a landslide at a Brazilian iron-ore mine intensifies concerns about supply and Chinese demand runs hot.

The Wall Street Journal |  | Fuente original

WSJ News Exclusive | Google, Facebook Agreed to Team Up Against Possible Antitrust Action, Draft Lawsuit Says

Facebook and Google agreed to “cooperate and assist one another” if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week.

The Wall Street Journal |  | Fuente original

The Unfinished Business of Office Diversity Training

Companies announced major diversity initiatives amid last summer’s protests. Half a year later, progress has been inconsistent.

The Wall Street Journal |  | Fuente original

Congress Reaches Final Agreement on Pandemic Relief

The emerging agreement is expected to provide a $600 direct check to many Americans, $300 a week in enhanced federal unemployment benefits, and aid for schools, vaccine distribution and small businesses.

The Wall Street Journal |  | Fuente original

WSJ News Exclusive | Government Leaders Clash Over Next Step for Trump’s Ban on Chinese Stocks

President Trump’s recent executive order prohibiting Americans from investing in companies tied to China’s military complex has set up a fight in the highest ranks of government over how broad the list should be.

The Wall Street Journal |  | Fuente original

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