What’s News
Fed Likely to Raise Rates in June, Spell Out Asset-Sale Plan
Federal Reserve officials are likely to raise short-term interest rates at their meeting in two weeks and announce their framework for shrinking a $4.5 trillion portfolio of bonds and other assets later this year.
Documents Shed Light on Theranos Response to Crisis
Two former Theranos directors said they didn’t follow up on public allegations that the blood-testing firm was relying on standard technology rather than its much-hyped proprietary device for most tests, according to newly released court documents.
The $50 Billion Question: What Makes a Bank Big?
As Congress looks to overhaul the Dodd-Frank Act of 2010, a rare point of bipartisan agreement is that $50 billion in assets isn’t the right line between big banks and small. So where should the boundary be?
GOP Bid to Rewrite Tax Code Stalls Over How to Offset Cuts
Republicans started 2017 with high tax-policy ambitions, seeing an opportunity to use unified control of government to achieve a long-running party goal. But bold ideas for changing the nation’s tax code are either dead or on political life support. 1260
Former Panamanian military dictator Manuel Noriega has died after two recent brain surgeries. Mr. Noriega, 83, ruled Panama from 1983 until the U.S. invasion in 1989.
Manuel Noriega, Former Panamanian Dictator, Dies at 83
Panama’s former military strongman Manuel Antonio Noriega, a once-valued U.S. spy asset who was later overthrown as an accused drug lord in a 1989 U.S. invasion, died at a Panama City hospital at the age of 83.
The Oil Play That Could Flood the Natural Gas Market
The oil-rich Permian Basin also is emerging as a major new source of natural gas, a development that could deepen an existing oversupply of natural gas in the U.S. and pressure gas prices for years.
France’s Special Forces Hunt French Militants Fighting for Islamic State
A number of French citizens have been killed by Iraqi artillery and ground troops using location coordinates and other intelligence supplied by French forces during the battle to drive the extremist group from Mosul, Iraq. 98
Nintendo Battles Apple for Parts as Switch Demand Rises
Nintendo’s biggest battle these days isn’t against other game makers. It’s against companies like Apple that are gobbling up the same parts the Kyoto-based company needs to make its hit Switch machine.
Bill Simmons Signs Deal to Move Sports Site to Vox Media
Bill Simmons has signed a deal to move his sports and culture website, the Ringer, off Medium and onto Vox Media’s platform, Vox executives have announced.
British Airways Says Computer Crash Over, After Canceled Flight Chaos
British Airways said its computer networks were operating normally again after an outage over the weekend sparked hundreds of flight cancellations.
Heard on the Street
Apple’s WeChat Problem in China
China is a problem market for Apple. One big challenge it faces is the popularity of WeChat.
European Stocks Fall as Banks Decline
Stock markets around the world moved lower after a long holiday weekend, with banks leading the way.
Goldman Sachs Under Fire for Venezuela Bond Deal
Goldman Sachs is on the defensive in Venezuela after it bought bonds that had been held by the struggling country’s central bank in a transaction the opposition decried as a lifeline to President Nicolás Maduro’s administration. 65
Heard on the Street
Smoky Diesel Cloud Hangs Over Auto Industry Profits
Fiat Chrysler and GM may yet face their own diesel-emissions scandals, but the mounting indirect costs of diesel are more worrying.,
Singapore Fines Credit Suisse Over 1MDB
Singapore imposed fines on Swiss bank Credit Suisse and a local bank for antimoney-laundering control failures connected with an investigation into alleged misappropriation from Malaysian state fund 1MDB.
China’s World
Fitting Into Beijing’s New World Order
The no-shows at Beijing’s launch party for its massive Silk Road plan reflect a broad disquiet over what is, at heart, an imperial venture.
Two Iraq Car Bombings Kill At Least 24
Two car bombings in the Iraqi capital early killed at least two dozen people and injured 60 others. Iraqi officials said, in attacks that targeted families during the holy month of Ramadan.
U.S. Bombers Fly Near North Korea After Missile Launch
The U.S. and South Korea conducted a joint drill involving U.S. B-1B bombers on Monday, the second such exercise this month and a move North Korea called “a grave military provocation,” after the North test-launched a short-range ballistic missile the same day.
Merkel Reaffirms Cross-Atlantic Ties After Seeming to Question Them
A day after she referred to the U.S. as a not-always-reliable ally, German Chancellor Angela Merkel on Monday said the trans-Atlantic alliance is “of paramount importance.” 102
Concerns Rise Over Trump’s Veterans Affairs Budget
President Donald Trump is proposing more money for the Department of Veterans Affairs, but veterans groups and lawmakers are lining up against some of the administration’s priorities.
Should Nursing Homes Be a Government Service?
Nantucket island is debating a growing issue for municipalities across the U.S.: whether nursing homes are an essential municipal service that taxpayers should be asked to subsidize. 264
Tiger Woods Arrested on DUI Charge
Golfer Tiger Woods was arrested early Monday on a DUI charge near his home in Florida, where he has been recovering from his latest back surgery. 85
Georgia House Race on Track to Be Priciest in History
The special election in Georgia’s Sixth Congressional District is on its way to being the most expensive U.S. representative’s race in history, potentially exceeding $30 million by the time it ends with a runoff vote on June 20. 82
Video
Panama's Ex-Dictator Manuel Noriega Has Died
2:42Trump Honors Fallen Soldiers at Memorial Day Ceremony
1:57Can Domino's Deliver Pizza Under 10 Minutes?
1:57PAID PROGRAM
Photos
Fashion
32 Non-Cliché Hostess Gifts: No Candles, Please
With the invitation for a weekend away comes the pressure of exactly how to thank your generous hosts. Here, 32 gifts that will help you get invited back.
Gear & Gadget
The Best Travel Pillows for Road Warriors
Eating & Drinking
A Wilder Approach to Weekend Entertaining
Adventure & Travel
The Secrets of Kid-Friendly Paris, a Grandparents’ Guide
Obituary
Gregg Allman, a Founder of Southern Rock
Gregg Allman, a namesake member of the Allman Brothers Band along with his brother, Duane, combined his world-weary sensibility with Delta blues, folk and R&B influences in memorable songs such as “Midnight Rider” and “Melissa.” He died Saturday at age 69. 152
Don’t Blame Hillary
By William McGurn | Main Street
About the ‘Gutting the Safety Net’
Review & Outlook
The ‘Business Case’ for Paris Is Bunk
By Cliff Forrest | Commentary
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