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The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson. The Journal is a co-production from Gimlet Media and The Wall Street Journal.


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The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson. The Journal is a co-production from Gimlet Media and The Wall Street Journal.




Italy Caught a Russian Fugitive. Then He Vanished.

Artem Uss is a Kremlin-linked businessman accused of illegally exporting American military technology to Russia. Last October he was arrested in Italy at the U.S.’s request. Then he vanished. WSJ’s Margherita Stancati explains how he escaped. Further Reading: - How a High-Value Russian Wanted by the U.S. Escaped From Italy Further Listening: - A WSJ Reporter Arrested in Russia - Russian Court Upholds WSJ Reporter’s Detention Learn more about your ad choices. Visit


The $1 Trillion Company That Started at Denny’s

Only seven American companies have ever been worth a trillion dollars. Some came from garages. Others were started in college dorm rooms. Nvidia was born in a Denny's. WSJ's Asa Fitch on how the explosion of AI helped the chip maker become one of the most valuable companies in the world. Further Reading: - The $1 Trillion Company That Started at Denny’s - The AI Boom Runs on Chips, but It Can’t Get Enough - How AI Is Catapulting Nvidia Toward the $1 Trillion Club Further Listening: - America’s Answer to the Chip Shortage Learn more about your ad choices. Visit


The Showdown Over Hulu

For years, Disney and Comcast have been locked in a battle over Hulu. Now, the streamer’s co-owners are trying to bring an end to their uneasy marriage. WSJ’s Jessica Toonkel unpacks the years of wrangling and the looming deal that could leave Disney with full ownership of Hulu. Further Reading: - Inside Disney and Comcast’s Fight Over the Future of Hulu Further Listening: - Does the Future of Streaming Look More Like Cable? - The Disney Boss Who Wouldn’t Let It Go Learn more about your ad choices. Visit


The Downfall of a Real Estate Empire

Over the past four years, Jay Gajavelli built a real-estate empire using funds from small investors who wanted to make passive income. Last year, Gajavelli’s company owned more than 7,000 apartments in the Houston area. Now he’s at the center of one of the biggest commercial real-estate blowups in years. WSJ’s Will Parker details what happened and what it says about the housing market going forward. Further Reading: - A Housing Bust Comes for Thousands of Small-Time Investors Further Listening: - How High Will Interest Rates Go? Learn more about your ad choices. Visit


Thousands of Government Officials Own Stocks In Companies Their Agencies Oversee

We’re off today, but we still have an episode for you! Hidden records show that thousands of senior executive branch employees owned stocks in companies whose fates were affected by their employers’ actions. WSJ’s Brody Mullins and Rebecca Ballhaus take us inside the nearly year-long Wall Street Journal investigation. This episode originally aired in October 2022. Further Reading: -Government Officials Invest in Companies Their Agencies Oversee -131 Federal Judges Broke the Law by Hearing Cases Where They Had a Financial Interest -Congressional Staffers Gain From Trading in Stocks Further Listening: -The Federal Law that 138 Judges have broken Learn more about your ad choices. Visit


Evicted on Wood Street: California's Housing Crisis

When Kellie Castillo needed a place to live, she ended up at Wood Street, one of the largest homeless encampments in California. State authorities have spent the past several months shutting Wood Street down, leaving people like Kellie to figure out what’s next. WSJ’s Christine Mai-Duc describes what’s behind the state’s decision and what it means for the unhoused in California. Further Reading: - California Gov. Newsom Updates Plan to Fight State’s Homelessness Problem - California’s Homelessness Problem Pits Gov. Gavin Newsom Against Mayors Further Listening: - Checking Out of Hotel 166 Learn more about your ad choices. Visit


Is Supreme Still the King of Streetwear?

Supreme is known for buzzy items, long lines and frenzied sell-outs. But lately, Supreme’s products are still available days after release. WSJ’s Jacob Gallagher discusses the brand’s rise and what’s changed. Further Reading: - Is Supreme Still Cool? Further Listening: - ​​The Designer Who Made Streetwear Luxury Learn more about your ad choices. Visit


Elon Musk on 2024 Politics, Succession Plans and Whether AI Will Annihilate Humanity

In an interview at WSJ's CEO Council Summit with editor Thorold Barker, Elon Musk talked about whether he regrets buying Twitter, who might eventually take the helm of the three companies he runs and how AI will change our future. Further Reading: - Ron DeSantis to Launch 2024 Presidential Run in Twitter Talk With Elon Musk - Elon Musk Wants to Challenge Google and Microsoft in AI - The Elon Musk Doctrine: How the Billionaire Navigates the World Stage Further Listening: - Twitter’s New CEO: The Velvet Hammer Learn more about your ad choices. Visit


Kia and Hyundai’s ‘Kia Boyz’ Problem

After car theft videos went viral on social media, Hyundai and Kia have been reckoning with a surge in stolen vehicles. WSJ’s Sean McLain unpacks how the thefts started and how the companies are trying to address them. Further Reading: - Kia, Hyundai Thefts Continue Three Months After Carmakers Deployed Fix- Cities Sue Hyundai, Kia After Wave of Car Thefts - States Urge Recall of Millions of Kia, Hyundai Cars After Sharp Rise in Thefts Learn more about your ad choices. Visit


The Clock Is Ticking on the Debt Ceiling

The federal government uses debt to pay about a quarter of its bills and the federal borrowing limit is maxed out. WSJ’s Andrew Duehren explains the June 1st X-date (when the U.S. runs out of funds) and some catastrophic potential outcomes if Congress doesn’t raise or suspend the federal borrowing limit. Further Reading: - When Is the Debt Ceiling Deadline and What Happens if the Limit Isn’t Raised? - Yellen Says Treasury Still Expects U.S. Could Default as Soon as June 1 - World Leaders Warily Watch U.S. Debt-Limit Standoff Learn more about your ad choices. Visit


Why Some Companies Keep Getting Away With Higher Prices

Companies continue to raise prices on everything from streaming services to handbags, sometimes at a rate that exceeds the pace of inflation. WSJ’s Suzanne Kapner and Greg Ip unpack why this is happening. Further Reading: - Pricing Power: This Is Kate Spade’s Hottest Bag…and It Costs $500 - We May Be Getting Used to High Inflation, and That’s Bad News Further Listening: - Why the Fed Raised Interest Rates Amidst a Banking Crisis Learn more about your ad choices. Visit


IRS Might Make Tax Season a Whole Lot Easier

The IRS will begin a pilot program next year to help some taxpayers fill out and file their income tax returns for free online. WSJ’s Richard Rubin on the government’s first steps towards building a competitor to TurboTax and H&R Block. Further Reading: - IRS Will Offer Free Online Tax Prep for Some Taxpayers in 2024 - TurboTax Settlement: How to Know If You Qualify for Part of the $141 Million Payout Learn more about your ad choices. Visit


Closing the Wealth Gap With a Trust Fund for Babies

Starting in July, Connecticut will put $3200 into a trust account for each baby born to parents below a designated income level. As adults, the beneficiaries can use the money—plus investment returns—to help pay for education or a home. WSJ’s Brenda León discusses Baby Bonds and why they are gaining traction in other states too. Further Reading: - Could $3,200 ‘Baby Bonds’ Help End Poverty in America? Learn more about your ad choices. Visit


The Story Behind the Stabbing of a San Francisco Tech Exec

After Cash App founder Bob Lee died in a stabbing, some were quick to blame San Francisco’s rising crime rates. But prosecutors say Lee knew his alleged killer. WSJ’s Kirsten Grind reports on an underground world of sex and drugs that was the backdrop to the killing that shocked the tech community. Further Reading: - Before His Killing, Tech Executive Bob Lee Led an Underground Life of Sex and Drugs - Cash App Founder Bob Lee Fatally Stabbed in San Francisco Learn more about your ad choices. Visit


Twitter's New CEO: The Velvet Hammer

Linda Yaccarino established herself as an advertising sales machine at NBCUniversal. On Friday, Elon Musk announced she’d be Twitter’s new CEO. WSJ’s Amol Sharma discusses some of the challenges Yaccarino will face at the revenue- starved social media platform. Further Reading: - Meet Linda Yaccarino, Elon Musk’s New Twitter CEO and the Ad World’s ‘Velvet Hammer’ Further Listening: - Why Elon Musk's Twitter Is Losing Advertisers - Elon Musk's 'Extremely Hardcore' Twitter Learn more about your ad choices. Visit


Why 'Yellowstone' Is One of TV's Most Expensive Shows

The blockbuster Western drama about a ranching dynasty in Montana is one of the most popular shows on TV. But it’s also one of the most expensive. WSJ’s Erich Schwartzel explains how the man behind it — Taylor Sheridan — became one of the priciest bets in Hollywood. Further Reading and Watching: - Paramount Can’t Say No to the Man Behind ‘Yellowstone’: $50,000 a Week for His Ranch, $25 Per Cow - Paramount Shares Drop 28% as Streaming Costs Mount - The Race to Build the ‘Yellowstone’ Universe Further Listening: - Netflix Turns to Ads Learn more about your ad choices. Visit


The Charges Against George Santos

Rep. George Santos has been accused of fabricating much of his life’s story to secure public office. On Wednesday he was indicted on 13 federal charges including fraud and money laundering. The New York Republican denies the charges and has pleaded not guilty. WSJ’s Jimmy Vielkind explains what the charges will mean for him. Further Reading: -George Santos Faces 13 Felony Charges, Including Fraud and Money Laundering -George Santos Follows Others in Congress Who Have Confronted Legal Troubles Further Listening: -Why the Red Wave Didn’t Happen Learn more about your ad choices. Visit


China’s Crackdown on Foreign Consulting Firms

With tensions between the U.S. and China on the rise, the Chinese government has been investigating several consulting firms that help foreign companies do business in China. WSJ’s Dan Strumpf discusses the impact on the consulting sector and the foreign businesses that depend on it. Further Reading: - U.S. Companies in China Worry Due Diligence Will End in Spy Dramas - China Spy Law Adds to Chilling Effect of Detentions Further Listening: - Are Apple and China Breaking Up? - How a Balloon Burst U.S.-China Relations Learn more about your ad choices. Visit


What the End of Title 42 Means for U.S. Immigration Policy

On Thursday, the pandemic-era border policy known as Title 42 is expected to end. First put in place by the Trump administration, Title 42 allows migrants to be quickly deported at the southern border without a chance to ask for asylum. Now, President Biden is planning to roll out a new immigration policy to take its place. But as WSJ’s Michelle Hackman explains, this new policy is not so different from the one it is replacing. Further Reading: - Biden’s New Immigration Policy Cements End of Liberal Asylum Rules - What Is Title 42? What It Means for Immigration and U.S.-Mexico Border Further Listening: - What’s Driving Migrants to the Southern Border Now Learn more about your ad choices. Visit


Can Bud Light Still Be the Beer for Everyone?

Last month, Dylan Mulvaney, a transgender influencer, posted on social media about a personalized can of Bud Light the brewer sent her as a gift. A boycott ensued. WSJ’s Jennifer Maloney unpacks what the maker of Bud Light is doing to stem a sharp drop in sales and to support front-line teams bearing the brunt of the backlash. Further Reading: -Bud Light Maker Compensates Workers Targeted in Dylan Mulvaney Backlash -Bud Light Maker Offers Distributors Free Beer, More Ad Spending After Dylan Mulvaney Backlash -How Bud Light Handled an Uproar Over a Promotion With Transgender Advocate Further Listening: -The Great Beer Battle of 2019 Learn more about your ad choices. Visit