To Gauge How the Economy Is Doing, Ask Purchasing Managers | WSJ
In 2018 and 2019 during the U.S.-China trade war, investors and policy makers embraced global manufacturing PMIs as a leading barometer of economic health. WSJ explains how purchasing managers can offer an early look at the direction of the economy.
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#WSJ #PMI
January 24, 2020
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The Controversy Behind Nike’s Vaporfly Running Shoe, Explained | WSJ
Nike’s Vaporfly shoes have become a popular choice for both elite and amateur runners. But the shoes may soon be banned in professional competitions if World Athletics, the world governing body of track and field, decides they offer an unfair advantage. Photo/Video: Alexander Hotz/The Wall Street Journal
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#WSJ #Nike #Vaporfly
January 23, 2020
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How Global Trade Runs on U.S. Dollars | WSJ
Nearly 90% of international transactions in 2019 were in U.S. dollars, giving the U.S. extraordinary power over nearly every entity that imports or exports anything anywhere. Here’s how the global economy runs on the U.S. dollar -- and why some countries are trying to chip away at its dominance.
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#WSJ #Economy #Trade
January 22, 2020
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Can Hydrogen Fuel the World's Fast-Growing Energy Needs? | WSJ
Some of the world’s largest companies are exploring hydrogen as a potential solution to growing energy needs. WSJ’s Neanda Salvaterra investigates whether harnessing the most abundant element in the universe can really mark the end of the fossil fuel era. Photo/Video: Jaden Urbi/The Wall Street Journal
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#WSJ #Hydrogen #Energy
January 21, 2020
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Koalas' Sanctuary Island Is Under Threat From Wildfires | WSJ
Australia’s deadly wildfires are scorching vast parts of the country, forcing thousands to flee their homes and threatening wildlife, including koalas. WSJ visits Kangaroo Island to see how volunteers are racing to save a population of koalas seen as insurance for the future of the species. Photo: Lisa Maree Williams/Getty Images
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#Wildfires #Australia #WSJ
January 20, 2020
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How California Wildfires Forced PG&E to Declare Bankruptcy | WSJ
PG&E power lines were blamed for 2018’s Camp Fire, the deadliest wildfire in California’s history. But it was just one of 1,900 fires sparked by the utility since 2014, state investigators say. Here’s the story of PG&E’s missteps and why it ultimately filed for bankruptcy.
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#WSJ #PGE #Wildfires #Explainer
January 17, 2020
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The British Monarchy's Money, Explained | WSJ
Prince Harry and Meghan Markle’s plans to become “financially independent” have put the royal family’s finances into the spotlight. WSJ’s Max Colchester unpacks the numbers and explains why the monarchy’s money remains a sensitive topic in the U.K. Photo: Ben Stansall/Getty Images
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#WSJ #RoyalFamily #Explained
January 16, 2020
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The Best and Worst U.S. Airlines of 2019 | WSJ
With more and more people taking flight each year, there’s a lot that can go wrong. WSJ’s Scott McCartney tallies the data for a definitive look at which airlines performed best and worst in 2019 in key categories like on-time departures, baggage handling and flight cancellations.
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January 15, 2020
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Why Big Tech Is Getting Into Finance | WSJ
In 2019, many large tech firms announced plans to offer financial products and services. WSJ’s Liz Hoffman explains why Google, Apple, and others are offering products that might someday replace your wallet.
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#WSJ #Tech #Finance
January 14, 2020
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Inside Adobe's Colorful, Redesigned Headquarters | Open Office | WSJ
Adobe’s headquarters in San Jose might not be what you expect from the outside–shades of gray granite. Inside, however, Gensler redesigned the space to reflect Adobe’s colorful brand, complete with a floor dedicated to Photoshop. Photo: Adobe
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#WSJ #Adobe #OpenOffice
January 13, 2020
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How Middle East Tensions Could Complicate Iran Crash Investigation | WSJ
Investigations into commercial airliner crashes usually require coordination among international groups. But suspicions that Iranian missiles downed a Ukrainian plane are complicating the investigation into the crash. Photo: AFP via Getty Images
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#WSJ #Iran #Boeing
January 10, 2020
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How Iran's Unique Strengths Can Frustrate Its Enemies | WSJ
While both the U.S. and Iran appear to have pulled back from further military strikes, Carnegie Endowment’s Karim Sadjadpour highlights Iran’s regional strengths and explains how they can be used to put geopolitical stress onto the Western world. Photo: Getty Images
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#WSJ #Iran
January 09, 2020
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First Look at the AI Camera Systems at CES | WSJ
Two new smart systems use cameras, artificial intelligence and an assortment of sensors to keep watch over you—Patscan looks for threats in public spaces, while Eyeris monitors the driver and passengers in a car. WSJ’s Katherine Bindley visits CES to explores their advantages, as well as their privacy costs.
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#WSJ #AI #CES
January 08, 2020
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How the Quds Force Extended Iran's Influence in the Region | WSJ
Maj. Gen. Qassem Soleimani, who was killed in a U.S. drone strike on Jan. 3, was the commander of Iran’s Quds Force. WSJ explains how this arm of Iran’s Islamic Revolutionary Guard Corps was formed and the role it has played in the U.S.-Iran conflict.
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#WSJ #Soleimani #Iran
January 07, 2020
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The Debate Over Stock Buybacks, Explained | WSJ
Companies on the S&P 500 have poured more than $5.3 trillion into repurchasing their own shares since 2010. WSJ explains how stock buybacks work, and why there's debate over whether or not they're good for the economy.
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#WSJ #StockMarket #Explainer
January 06, 2020
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Inside Samsung's Futuristic $300 Million Office | Open Office | WSJ
Samsung’s North American headquarters was designed to integrate into Silicon Valley, not wall employees off from it. Take a tour with WSJ’s Adam Falk as he checks out the workspace, including its elevated, open-air gardens.
Photo: Verus Productions
#WSJ #Samsung #OpenOffice
January 03, 2020
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How China's New Cryptocurrency Could Challenge Facebook's Libra | WSJ
Beijing is preparing to launch its own cryptocurrency, a move that could potentially lead to greater state control. WSJ’s Steven Russolillo takes a look at official documents to find out more about China's plans.
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#WSJ #Crypto #China
January 02, 2020
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How California Is Redefining Rent Control | WSJ
California's sweeping new rent control law is meant to help alleviate pressures surrounding the affordable housing crisis. The result could mean laws like this start popping up all over the country.
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#WSJ #Rent #Explainer
December 30, 2019
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Why Asia Is the Next Battleground for Vaping | WSJ
As the U.S. vaping industry faces criticism and regulatory hurdles, companies are looking to Asia for expansion. Most of the world's cigarettes are sold in the region, but capturing that market comes with its own challenges.
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#WSJ #Asia #Vaping
December 27, 2019
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How Chemistry Landed a Chocolatier His Dream Job | WSJ
Godiva’s Executive Chef Chocolatier, Thierry Muret, took a unique path to find his dream job. WSJ met Muret to learn how he turned a chemistry degree into a job working with chocolate.
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#WSJ #CoolJobs #Chocolate
December 23, 2019
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These 10 newcomers in film, music and more exemplify the next generation in Hollywood, embracing change while also driving it. ⠀
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“This always felt so far out there and unreachable, unattainable. And now that I’m here, this is really all I want to do,” says @juliafox of her acting career, which took off after she was cast in “Uncut Gems,” her first professional role.⠀
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The group includes actors who have shifted to directing, a makeup artist who has turned into a creative director and a model who is making a mark on-screen.⠀
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“Right now, I’m inspired by the fact that people aren’t waiting for others to create,” says visual artist @quinnwilsonn, who works as @lizzobeeating’s creative director. “The people that I admire are very much the type of people that will just make art, with the resources that they have…people that aren’t waiting for permission.”⠀
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Read more at the link in our bio.⠀ Not pictured: @yoyogeraldine @hannahgmarks ⠀
📷: @campbelladdy for @wsjmag
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There’s a lot at stake for Alex Kurtzman’s much-anticipated “Star Trek: Picard,“ which stars Patrick Stewart reprising his role as Capt. Jean-Luc Picard and debuts on CBS All Access today.⠀
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For over five decades, TV series and movies have mined the Star Trek universe, capitalizing on its enduring appeal to fans. Kurtzman is the latest to take the helm of the “Star Trek” television properties as writer, producer and director. He’s charged with updating the space drama for a new generation without alienating its hard-core fans.⠀
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For ViacomCBS, which grew out of the merger of CBS and Viacom last year, Star Trek is its best weapon in a crowded streaming battlefield. “Star Trek: Picard“ and “Discovery,“ a separate Star Trek series, are easily the most expensive series on All Access, costing between $8 million and $9 million an episode, according to a person familiar with the matter.⠀
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“If you’re going to ask people to pay $10 a month for content, you better deliver them content they are not going to get on network television,” Kurtzman said.⠀
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Read more at the link in our bio.⠀
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📷: David Walter Banks for @wsjphotos
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The popular dating app Tinder plans to start offering users an option to hit a panic button, receive check-ins to make sure they feel safe, and even summon authorities to their location.⠀
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To offer the service, Tinder parent company Match Group is taking a stake in an app called Noonlight that tracks the location of users and notifies authorities in the event of safety concerns. Ahead of dates, users will be able to log information such as the time and details about the other person. Then if they trigger an alert, Noonlight can share the information, along with the user’s real-time location, with authorities.⠀
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Tinder plans to debut the feature free for U.S. users at the end of January, and Match Group plans to roll it out to its other dating apps in coming months.⠀
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Match Group CEO Mandy Ginsberg said the location data won’t be used for marketing or anything else and that Noonlight won’t transfer location information to Match Group.⠀
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Tinder next plans to roll out a verification system that it is currently testing which would require users to prove they actually look like the photos they submit.⠀
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Read more at the link in our bio.⠀
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Photo: Nasir Kachroo/Zuma Press⠀
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Actress Meryl Streep has sold the downtown Manhattan apartment she bought in 2006.⠀
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The Oscar winner and her husband, sculptor Don Gummer, bought the four-bedroom unit for $10.131 million, records show. The Tribeca condo first came on the market for $24.6 million in August 2018, then underwent several price cuts. ⠀
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The nearly 4,000-square-foot property is in a building that has drawn celebrities like Gwyneth Paltrow, who sold her unit there for $10.7 million in 2017, records show.⠀
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Read more at the link in our bio.⠀
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📷: Travis Mark/Sotheby’s International Realty
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More than 1.6 million secretarial and administrative-assistant jobs have vanished since 2000, and the U.S. Bureau of Labor Statistics projects those jobs will drop another 20% to below 500,000 by 2028. ⠀
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Technology and automation have chipped away at duties like papers to be filed and landlines to be answered. A new generation of corporate leaders are content to schedule meetings and book flights on their own. Glad to cut costs, companies have culled their administrative ranks, transformed the role for many of those who have managed to hang on and moved some positions to cheaper parts of the country.⠀
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“We were the glue for everything. We were so important at one time,” says one former executive assistant who signed a nondisclosure agreement when taking a buyout in 2018 after nearly three decades at Ernst & Young. “We’re a dying breed.”⠀
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Read more at the link in our bio.
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Jackie Zykan planned to attend medical school before establishing herself in Louisville, the bourbon capital, as a master taster for @oldforester. Now she uses her science background to taste (and spit) up to hundreds of samples of alcohol per month.⠀
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Tasting bourbon for a living is no party, though. In a category often marketed towards males, she said she works to battle stereotypes about bourbon drinkers. The consumer base is increasingly female and women are playing different types of roles within brands. “There are so many brands on the market that there’s something for everybody to discover and connect with. It’s a really exciting time to be in bourbon.”⠀
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Zykan's days often involve drilling barrels in the warehouse to sample them, doing interviews or a cocktail class, and working on drink strategy for the brand. ⠀
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Read more at the link in our bio.⠀
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📷: @annapowellteeter for @wsjphotos
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Colin O’Brady is the first man to complete a crossing of Antarctica alone and unassisted—thanks to an epiphany with 77 miles to go. ⠀
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The explorer and endurance athlete was emaciated and losing touch with reality after 53 days alone. But then, something in him shifted: “My mind came alive. I said to myself, ‘What if I don’t stop?’” He pushed on for 32 hours straight to the end of his 932-mile quest.⠀
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In his just-published memoir, the 34-year-old revisits his unlikely route to an adventurous career after a freak accident threatened to leave him unable to walk normally again. “I look at that as a sliding-doors moment in my life,” he says. “If I had leaned into the negativity, the fear, the diagnosis, it’s really hard to say where my life would have gone. But instead this other door was opened to me.”⠀
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Read more at the link in our bio.⠀
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📷: @axeldupeux for @wsjphoto / ✍️: @elizabethlaurenw
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The Bricklin SV1, a relic of the 1970s that aimed to the safest vehicle in the world, still has passionate fans.⠀
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One of them is Joe Vasso, 68, a retired teacher from Quogue, N.Y., who kept a Bricklin photo his classroom wall for years. “It looked like a spaceship,“ he said. He started searching for his own version around 2000 and paid $14,900 for this 1975 SV1 the following year.⠀
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A few years later, Vasso met the car company’s founder, Malcolm Bricklin, at a meetup for fans of the car, and the two keep in touch.⠀
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“There are conventions every year in different parts of the country,“ said Bricklin, 80, of Riverdale, N.Y., whose company stopped producing the car in model year 1976 after building about 3,000 of them. “There is a Bricklin magazine. I have seen people at these conventions that I met 45 years ago.“⠀
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Read the rest of this week’s My Ride at the link in our bio.⠀
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📷: @vincenttullo for @wsjphotos⠀
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In back-to-back playoff upsets, Tennessee Titans running back Derrick Henry flattened the New England Patriots and Baltimore Ravens as if they were a bunch of high-schoolers. ⠀
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There's one group of people who regrettably know this exact feeling: anyone who had to reckon with playing Henry in high school in Florida, where @last_king_2 ran for 12,124 yards in four years, breaking the national high-school rushing record that had stood for more than a half-century.⠀
Back then, the 6-foot-3, 247-pounder wasn't much smaller, and he formulated the recognizable blueprint his Tennessee @titans are riding on their unlikely playoff run. Give him the ball, and watch him bulldoze people.⠀
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We spoke to the players and coaches tasked with trying to tackle Henry as a history-making high-schooler.⠀
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Read more at the link in our bio.⠀
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📷: Julio Cortez/Associated Press
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Two years since moving to Mexico City with his writer wife Su Wu and their daughter, pictured here, sculptor Alma Allen has made most of the country's indigenous materials—marble, onyx and volcanic basalt, among others—to produce ever larger examples of the charged, abstract sculpture he’s become known for. ⠀
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“So much is here. I could spend a lifetime with it,” he says.⠀
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@almaallen's latest pieces weigh in as much as five tons, but regardless of it final form, a piece always starts small, as a lump of soft clay or wax the size of a walnut. Then 3-D scanning translates the work to a larger scale, capturing every crease and squeeze with eerie accuracy, and Allen directs the carving from there. ⠀
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Among his followers are a cadre of art and entertainment insiders, including dealer Dominique Lévy, artist Jack Pierson and collectors Tobias Meyer and Mark Fletcher, along with Beyoncé, who commissioned a table from him not long ago, and Katy Perry. Allen's first show with @kasmingallery in New York City debuts January 23. ⠀
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Read more at the link in our bio. ⠀
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📷: @piariverola for @wsjmag
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The flow of cash from Michael Bloomberg’s presidential bid is upending the financial dynamics of the 2020 election. ⠀
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Bloomberg has spent nearly $217 million so far on television and digital advertising, roughly three-quarters the amount spent by all other presidential campaigns combined. ⠀
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His spending is a big part of the reason roughly $20 billion is expected to be spent on political advertising this election cycle, dwarfing the previous record of $12 billion in 2016, according to media research firm Borrell Associates.⠀
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“Everything about what Bloomberg is doing is unprecedented,” said Rufus Gifford, former finance director for Barack Obama’s presidential campaign. Bloomberg remains a long shot, Gifford said, “but when you have Donald Trump as president and one of the 10 richest people running for president, anything can happen.”⠀
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Read more at the link in our bio.
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Last year was a frustrating one for many U.S. travelers, but the travel pain wasn’t evenly distributed.⠀
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In our annual ranking of nine major U.S. airlines, Delta landed first for the third year in a row, while American finished last for the third time in the past five years. ⠀
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The scorecard ranks airlines on seven areas key to travelers, including flight cancellations, on-time arrivals and mishandled baggage. For comparison, Delta averaged 36 flight cancellations a day in 2019, while American averaged 159 cancellations.⠀
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See how the airlines stacked up in every category at the link in our bio.
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