Ransomware attacks are increasing in frequency, victim losses are skyrocketing, and hackers are shifting their targets. WSJ’s Dustin Volz explains why these attacks are on the rise and what the U.S. can do to fight them. Photo illustration: Laura Kammermann
Joe Biden and Vladimir Putin have much to hammer out today—but don’t expect it to be genial. We examine what is on the table, and how each president will be judged.
Five stories to know for June 14, 2021:
1. Following the G7 summit in England, Joe Biden attends a NATO summit in Brussels. The U.S. president will rally Western allies to support a U.S. strategy to contain China’s military rise as well as showing unity in the face of Russian aggression.
2. One of 14 people hurt in a mass shooting in Austin, Texas, died according to media reports. Two men opened fire at each other in a busy entertainment district. Police arrested one suspect and are searching for another.
3. Benjamin Netanyahu’s record run in office ended on Sunday with Israel’s parliament approving, by a razor-thin majority of 60-59, a new administration led by Naftali Bennett, a nationalist whose views mirror Netanyahu’s on many issues. In Tel Aviv, thousands turned out to welcome the result, after four inconclusive elections in two years.
4. The United States is looking into reports of a leak at a Chinese nuclear power plant, after warnings of an “imminent radiological threat” by a French company that helps operate it, CNN reported on Monday.
5. Bitcoin climbed just shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it.
Bitcoin and other cryptocurrencies set out to upend the financial order and replace conventional money. Bitcoin has certainly disrupted the global financial system, but can it ever live up to the hype? Read our latest report on cryptocurrency: https://econ.st/3wnYfRr
A.M. Edition for May 13. WSJ’s Felicia Schwartz discusses what is behind the fighting unfolding in Israel. The Colonial Pipeline restarts operations after a cyberattack.
WSJ’s Caitlin Ostroff has more on Tesla’s decision to suspend bitcoin payments. Marc Stewart hosts.
Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.
A.M. Edition for May 7. WSJ’s Caitlin Ostroff on investors’ hunt for the next crypto winner. WSJ’s Rochelle Toplensky discusses healthcare stocks after global calls to waive Covid-19 vaccine patents. And, ham-radio enthusiasts are seeking far-off destinations. Marc Stewart hosts.
The listing of Coinbase, the largest bitcoin exchange in the U.S., introduces a new way to invest in cryptocurrencies. WSJ explains how Coinbase is trying to distance itself from the risks of bitcoin to succeed on Wall Street. Photo illustration: George Downs
The price of bitcoin is skyrocketing, driving a rally of momentum trading that’s pushed its value higher than it’s ever been before. WSJ explains how bitcoin trading works, and why the volatile digital currency is reaching all-time highs. Illustration: Jacob Reynolds/WSJ