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Sep 19, 2018

The Wall Street Journal I WHAT's NEWS

The Wall Street Journal.
Newspaper.
What’s News

China retaliated with tariffs on $60 billion of U.S. goods. Escalated by President Trump's announcement of new import taxes on $200 billion in Chinese goods, Beijing hit back, also weighing whether to continue with plans for upcoming bilateral talks aimed at easing the conflict.
Kavanaugh's accuser wants a "full investigation" before a hearing. The call from Christine Blasey Ford's lawyers for an investigation throws into doubt a planned Monday Senate hearing. Republicans are calling into question the timing of the accusation.
"Safety" stocks are driving an autumn market rally. High-dividend “safety” stocks–like telecommunications services, consumer staples and utilities–are leading U.S. indexes’ latest assault on record highs, the most recent sign of how a nine-year-long market rally is reshaping longstanding investor behaviors. 
Danske suspects that a "large portion" of $234 billion in transactions are related to money laundering. The CEO of Denmark’s largest bank resigned after a year-long investigation found that some of the suspected transactions at its Estonian branch often came from Russia. 
Apple is leading with its pricier iPhones this year. The company is releasing the $1,000 (and beyond) XS and XS Max weeks before the less-expensive XR to sell the higher-end models without cheaper competition from itself. 
So, which new iPhone should you buy? The iPhone XS and XS Max are great phones, says the Journal's Joanna Stern. But she cautions to wait for the consensus on the XR next month, which sounds like a better deal.
North Korea will allow outside inspectors to visit its missile test site. South Korean President Moon Jae-in and North Korean leader Kim Jong Un signed an agreement saying the North would be open to decommissioning its nuclear-enrichment facility. The Koreas also plan to make a joint bid to host 2032 Summer Olympics.

What's Trending

PHOTO: NICK SCHNELLE FOR THE WALL STREET JOURNAL
What's behind your rising health-care bills? Secret hospital deals that squelch competition. Dominant hospital systems use an array of secret contract terms to protect their turf, including masking prices from consumers, adding fees and discouraging the use of less-expensive rivals.
 
Two Chinese media firms must register as foreign agents. The order by the Justice Department on the two leading Chinese state-run media organizations comes as prosecutors have scrutinized the U.S. activity of a number of foreign media groups, like Russian government-backed outlets.
The Justice Department opened an investigation into Tesla. The company said it received a "voluntary request for documents"–typically the first step in an investigation of this kind—following Elon Musk’s surprise tweet that he secured funding to take the electric-car maker private.
How a $450 million da Vinci was lost—and later found. After being owned by British kings and Russian oligarchs, the “Salvator Mundi” painting of Christ as the world’s savior was owned by an unsuspecting family in Louisiana who lived with it for decades. 
Facebook and financial firms tusseled for years over users' data. As recently as last year, the social-media company pressed financial firms to use their customers' data on Messenger for a range of reasons, including advertising. The issue highlights Facebook's dilemma of balancing its need for user data with concerns about handling sensitive personal information.
To help Alzheimer's patients, a care center is recreating the 1950s. Believed to be the country's first memory-care facility built around reminiscence therapy, Glenner Town Square features fixtures from the 1950s to elicit memories and encourage conversation.
Alibaba's Jack Ma denied being forced out. Although the timing of the billionaire's departure coincides with growing government scrutiny of China's biggest technology companies, he denied that Beijing pushed for him to step down.

Tech Watch

Highlights from our technology coverage
Wow! Gmail is so perky! Google’s automated email replies, which are being rolled to its 1.4 billion accounts, have baffled users with some peculiar suggestions.
You need a VPN. Stay hidden while browsing the internet with a virtual private network that can keep your activity and data more secure to combat whoever may be watching. These days, you should assume eyes are everywhere
Here come the Tesla challengers. Luxury car makers like Audi and Jaguar are coming after Tesla with their own high-end, long-range electric vehicles, and they are targeting on one of America’s most popular vehicle categories: SUVs.
Apple sticks and moves in trade spat. The iPhone maker dodged stinging U.S. tariffs on smartwatches and earbuds, but the tech giant could still end up facing retaliatory measures being weighed by China.
Driverless hype collides with reality. Hardly a week goes by without fresh signposts that our self-driving future is just around the corner. Only it’s probably not. It will likely take decades to come to fruition, Keywords columnist Christopher Mims says.
Tech’s New Problem: North Korea. Hiding behind social-media fake profiles, a group linked to Pyongyang solicited technology work to send hard currency back home.
Want more tech? Sign up to get our weekly WSJ Technology newsletter delivered to your inbox every Sunday, with advice, reviews, readers’ questions answered and more.
 

Chart of the Day

Benefits are beating wage growth. According to new data, the value of benefits—including bonuses and vacation time—is growing at a faster rate than wages and salaries, extending a long-running but slow shift toward benefits and away from wages.
 

News From Other Sources

Facebook is letting job advertisers target only men. A review of ads found Uber to be among 15 employers in the past year who have advertised jobs on Facebook exclusively to one sex.
via ProPublica
Italian party brings a "racism" defamation case against a black government minister. When Cécile Kyenge was appointed as Italy’s first black government minister in 2013, she was likened to an “orangutan” by a League Party politician. Five years later the League is Italy’s most popular party and has brought a defamation case against her.
via Financial Times
Unraveling the mystery of a 12-day killing spree at the border. Border Patrol Agent Juan David Ortiz has been accused of shooting and killing four people and dumping their bodies along roadsides.
via New York Times
 

This Day in History

Sept. 19, 1995
U.S. Senate Passes Welfare Bill in Bipartisan Vote
"Senate Republicans and Democrats united yesterday to pass, by an overwhelming 87-12 majority, a sweeping welfare bill to reshape the nation's antipoverty policy," the Journal reported the following day. "The measure, intended to move millions of welfare recipients into the work force, promises the most comprehensive overhaul in the 60-year history of the welfare system—a program widely perceived to have failed in recent decades to live up to its New Deal promise."
After vetoing two Republican-led welfare bills, President Clinton would go on to sign the Personal Responsibility and Work Opportunity Reconciliation Act on Aug. 22, 1996.
THE WALL STREET JOURNAL