What’s News
North Korea Follows Familiar Playbook With Guam Reversal
North Korea’s climbdown from its threat to attack Guam was a product of textbook brinkmanship from Pyongyang. 76
China’s World
White House Risks a Backfire Over China and North Korea
The U.S. president is raising dangerous stakes with Beijing by taking trade action against China while also pressing for help to rein in North Korea. 185
Three CEOs Quit Trump Council
Merck’s Frazier, Intel’s Krzanich and Under Armour’s Plank resigned from a presidential council in apparent protest of the president’s failure to quickly condemn white supremacists. 2310
Retailers Send Mixed Messages on the Sector’s Health
Retailers navigating a rocky landscape didn’t see a lot of clarity as Dick’s Sporting Goods and Coach reported weak results while TJX Cos, and Home Depot posted strong quarterly sales.
Insulin Maker Learns Brutal Lesson: Sometimes Innovation Doesn’t Pay
For almost a century, Novo Nordisk rolled out new versions of its core product at higher prices. Then suddenly, customers including governments and insurers decided the older, less expensive versions were good enough.
Defaults Increase for ‘Green’ Loans
PACE loans are designed to help homeowners make eco-friendly upgrades to their homes. But the number of people defaulting on their payments is on the rise, according to tax data. 89
Man Accused of Using EBay for Terrorist Funding Agrees to Plead Guilty
An American man accused of using fake eBay transactions to receive Islamic State funds for a possible terror attack in the U.S. has agreed to plead guilty, according to a court filing. Mohamed Elshinawy is scheduled to appear for the guilty plea Tuesday in a Baltimore federal court.
Johnny Depp’s Former Business Managers Face Federal Probes
Federal investigators from three agencies are looking into a top Hollywood business-management firm facing fraud allegations from a former client, actor Johnny Depp, according to people familiar with the matter.
Chicago Property Market Heats Up as Food Companies Pile In
McDonald’s is returning to Chicago after more than four decades in the suburbs. It is just one of the major American food companies that has moved major operations to the city in recent years.
Amazon to Issue Debt to Support Planned Whole Foods Acquisition
Amazon.com will issue debt to help fund its purchase of Whole Foods, and Moody’s said the e-commerce giant wants to raise up to $16 billion in the offering.
Warren Buffett Cashes Out on GE, Cashing In on Crisis Loan
Warren Buffett’s Berkshire Hathaway is getting out of one of America’s oldest companies: General Electric. Berkshire received most of the shares after the investor lent roughly $3 billion to GE in October 2008 during the depths of the financial crisis.
Financial Shares Try to Pull Dow Higher
Retailers tumbled after another round of earnings disappointed investors and shares of financial companies gained, leaving major U.S. stock indexes little changed Tuesday.
Oil Falls on Demand Concerns
Oil prices dropped on Tuesday, weighed down by concerns over demand and a rising U.S. dollar.
Why Blackstone Is Betting $7 Billion on Natural Gas
Private-equity firm Blackstone is making one of its biggest bets on the growth of natural gas production, wagering that even if gas prices remain stuck at depressed levels, it can profit. The latest wager came last month, when it agreed to pay $1.57 billion for a 32.4% stake in the Rover Pipeline.
Deutsche Bank Names Tom Patrick as Americas CEO
Deutsche Bank named global equities chief Tom Patrick to oversee the Americas region, the third executive to hold the title of Americas CEO since early 2016
Greater New York
Metro Money
The Shortest Commute: Where Co-Working and Co-Living Collide
Many techies strive to create a life of relative simplicity and convenience so they can focus on their businesses, but Mike Nguyen takes it all the way by living and working in the same building of communal spaces.
U.S.
Republican Running for N.J. Governor Vows to Cap Property-Tax Increases
Kim Guadagno, the Republican underdog candidate running to succeed New Jersey Gov. Chris Christie, wants to cap property-tax increases with a formula to household income.
Upstate New York’s Bid to Revive Tourism Industry Faces Opposition
A bid to boost the region’s struggling tourism industry has set up a battle between several Adirondack towns and local conservation groups. The standoff concerns a stretch of land with stunning mountain and pond views known as the Boreas Ponds.
Kenyan Election Spotlights a Divided Nairobi
The chaotic aftermath of Kenya’s fiercely waged presidential election last week has highlighted the country’s enduring tribal and economic divisions.
U.S., Chinese Militaries Take Steps to Coordinate More Closely
A potential North Korea crisis looms large as the American and Chinese armed forces establish new ties.
Iranian President Threatens to Back Out of Nuclear Deal
Iranian President Hassan Rouhani threatened to revive his country’s nuclear program if the U.S. continues to pile on sanctions, in a direct warning he is prepared to tear up a deal that set the stage for Iran’s opening to the West.
More Than 300 Killed in Sierra Leone Mudslides
The scale of the devastation from a mudslide in Sierra Leone came into sharper focus as the death toll topped 300 and the government called for urgent international aid to help prevent a cholera outbreak.
Video
Aliens and the Eclipse: It's All Happening in Kentucky
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The 'Great American Eclipse': What to Expect on August 21st
3:06
Bringing Prenatal Care to Rural Maternity 'Deserts'
5:08PAID PROGRAM
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Work & Family
The Smarter Ways to Study
These tweaks while preparing for tests can give students a boost. Step One: Don’t be afraid to ask for help.
How the Hollies Created ‘Long Cool Woman (in a Black Dress)’
With their song about an F.B.I. agent, a raid and an eye-catching woman, the British band the Hollies came up with their biggest U.S. hit.
Risk & Compliance
The Morning Risk Report: CEOs Increasingly Speak Out on Social Issues
The departure from a White House advisory panel on Monday by three chief executives is the latest example of executives taking a stand on a social issue.
Hurrah for the ACLU
By William McGurn | Main Street
A Short-Term ObamaCare Fix
By The Editorial Board | Review & Outlook
Don’t Even Think About Being Evil
By Heather Mac Donald | Commentary
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