McDonald’s Next CEO Will Struggle to Keep Up the Strong PerformanceMcDonald’s shares hit a bump Monday after news that CEO Steve Easterbrook was fired for having a consensual relationship with an employee. Heard on the Street’s Aaron Back explains why continuing the fast-food company’s strong performance will be an uphill battle. Photo: Joshua Lott/Bloomberg News
The Repo Market, ExplainedThe repo market shook the financial world in September when an unexpected rate spike choked short-term lending, spurring the Federal Reserve to intervene. WSJ explains how this critical, but murky part of the financial system works, and why some banks say the crunch could have been prevented. Illustration: Jacob Reynolds for The Wall Street Journal
PG&E Cuts Power to Millions in Effort to Prevent California WildfiresPG&E began cutting off power to more than 700,000 households and businesses across northern and central California in rolling blackouts to prevent wildfires. The utility said it could take up to five days to restore power. Photo: Getty
NBA Backlash Changes Playbook for Doing Business in ChinaThe way American businesses kowtow outrage in China is changing. Heard on the Street reporter Aaron Back, explains what’s at stake for organizations like the NBA. Photo: Reuters/Tingshu Wang
Want to Make a Big Bet on Oil Prices? Try Measuring ShadowsTo get an edge in the oil market, traders turn to satellites, shadows and a lot of fancy math. Photo illustration: Laura Kammermann
Anatomy of an IPO ValuationUnicorns are getting haircuts, meaning high-flying startups are seeing their valuations shrink when they go public. WSJ explains why differences in the private and public markets are bloating what these companies might actually be worth.
Box CEO Aaron Levie on the Challenges of Launching an IPOBox Chairman and CEO Aaron Levie leads one of the biggest cloud-storage companies. Recently, WSJ sat down with him to learn about the challenges involved in taking a company public and what’s next for B2B cybersecurity.
An Inside Look at Saudi Aramco’s Damaged Oil FacilitiesAramco officials say they are working 24/7 to repair their damaged oil facilities. Saudi Arabia invited WSJ’s Rory Jones to see the Khurais oil field and Abqaiq processing plant to show Aramco’s efforts to get back to full production and rally international support against Iran ahead of a meeting next week at the United Nations. Image: AP
As Amazon Burns, Brazil Environment Chief Rejects the Global NarrativeAt the U.N General Assembly, Brazil’s President Jair Bolsonaro plans to address concerns about deforestation, the Amazon fires and economic development in his country. WSJ’s Jason Bellini previewed the topics with Brazilian Environment Minister Ricardo Salles. Photo: Getty
How Negative Yields WorkNegative yields are occurring with greater frequency in global bond markets. What generates negative yields and why do investors continue to buy these money-losing bonds?