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Kyle Bass Keen on Yellow Pages Co. — Sohn Conference

By Emily Glazer The yellow pages business isn't dead yet. That's according to Kyle Bass, principal of Dallas-based hedge fund Hayman Capital Management L.P., who focused his presentation at the Ira Sohn conference Wednesday on directories business Dex Media Inc.




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Lithium for EV Batteries Is in High Demand, But Protesters Are Pushing Back

Lithium prices are rising as demand for the key ingredient in electric car batteries grows, amid a broader push to move away from oil and gas. But extraction of the metal is time consuming and potentially harmful to the environment, and plans to produce more have prompted protests. Photo: STR/Getty Images, Oliver Bunic/AFP/Getty Images




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Tapering: What It Is and Why It Makes Markets Shudder

The Federal Reserve says it will accelerate the wind-down of its bond-buying program, the biggest step the central bank has taken in reversing its pandemic-era stimulus. Here’s how tapering works, and why it sends markets on edge. Photo illustration: Adele Morgan/WSJ




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Watch: Boris Johnson Apologizes for Attending Party During Covid-19 Lockdown

During a session of Parliament, British Prime Minister Boris Johnson apologized for attending a party on Downing Street in 2020 while strict Covid-19 lockdown measures were in place. Johnson said he believed it was a “work event.” Photo: PRU/AFP via Getty Images




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Djokovic Fans Celebrate After Australian Judge Orders Release From Detention

Crowds gathered to celebrate after a judge ordered the release of tennis star Novak Djokovic from detention ahead of the Australian Open. The ruling comes after the Australian government canceled his visa, saying he wasn’t exempt from Covid-19 vaccination rules. Photo: Hamish Blair/Associated Press




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WSJ Opinion: Kamala Harris and the Future of the Democratic Party

The only thing worse than the President's approval rating is that of his vice president, Kamala Harris, whom it's reported the Biden team accuse of dysfunction and a lack of focus. Images: AFP/Getty Images Composite: Mark Kelly




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Watch Doctors Transplant Pig Heart Into Patient in Medical Breakthrough

For the first time, surgeons in Maryland transplanted a genetically modified pig heart into a human without immediate rejection by the patient’s body. While the operation brings doctors a step closer to solving the organ shortage, it remains controversial for some. Photo: University Of Maryland School Of Medicine




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The Predators Take Their Best Shot

The Nashville Predators are dominating the Stanley Cup Finals in the area where the it usually matters most — shots on goal.




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Skip the Sweat With an E-Bike

E-bikes are electric bikes that give riders an assist while pedaling.




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Orioles Pitchers Can’t Keep the Ball in the Park

The Orioles have gone nearly the entire month of June allowing at least one home run in every game.




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How to Fix and Strengthen the 401(k)

The 401(k) workplace-savings plan, designed to augment traditional pensions, has become the primary retirement-savings vehicle for many workers, but critics say it isn’t up to the task. WSJ's Anna Prior highlights five key suggestions to strengthen the 401(k). Photo: Getty




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A More Personal Synthetic Voice for Those Who Can't Speak

A wave of new technologies is giving people like Max Plansky, who are unable to speak due to a debilitating condition, a more personal synthetic voice. Photo/Video: Denise Blostein/The Wall Street Journal




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Why Women Don’t Get the Feedback They Need

Research shows that getting ahead requires constructive criticism. But many women don’t get those frank assessments.




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Women Are Less Likely to Delegate Than Men

Women are less likely to delegate than men and that might hurt their careers. WSJ's Michelle Ma explains why women have a harder time passing off work to others.







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Why Risky Borrowers Still Aren’t Getting Mortgages

Fannie Mae, Freddie Mac, the Federal Housing Finance Agency and the Obama administration over the past year have tried mightily to expand mortgage access for riskier borrowers, but there's little evidence so far of borrowers with weaker credit making a strong return.




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At Camp Kotok, the Chatter Is About Fed Rate Rise, China and How the Fish Are Biting

For many luminaries of the financial sector, the place to be when the July payrolls report is released is around a small television set at Leen's Lodge in Grand Lake Stream, Maine. If you are there on the first Friday of August, you are part of “Camp Kotok.”




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5 Things to Know About China’s Currency Devaluation

Five things to know about China's move to devalue its currency, which will likely have a ripple effect through financial markets as well as in politics.




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Lower Electronics-Store Spending May Not Be What You Think

Americans spent more at retailers selling everything from cars to camping equipment in July, but they spent less at electronics stores. The underlying reason could be that gadgets are getting cheaper.




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What's Next for U.S. and Russia as Tensions Grow Over Ukraine

A military buildup along the Ukrainian border is further straining ties between Russia and the U.S., after clashes over cybercrime, expulsions of diplomats and a migrant crisis in Belarus. WSJ explains what is deepening the rift between Washington and Moscow. Photo Composite/Video: Michelle Inez Simon




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First Detention, Now Demolition: China Remakes Its Muslim Region

After locking up as many as a million people in camps in Xinjiang, Chinese authorities are destroying Uyghur neighborhoods and purging the region's culture. They say they’re fighting terrorism. Their aim: to engineer a society loyal to Beijing. Photo illustration: Sharon Shi. Video: Clément Bürge




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How Companies Are Overhauling Supply Chains to Ease Bottlenecks

The Covid pandemic has strained global supply chains, causing freight backlogs that have driven up costs. Now, some companies are looking for longer-term solutions to prepare for future supply-chain crises, even if those strategies come at a high cost. Photo Illustration: Jacob Reynolds




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Hospitals Near ‘Breaking Point’ Amid Covid-19-Related Staff Shortages

Hospitals in the U.S. are struggling to staff medical facilities as a wave of Covid-19 cases sidelines healthcare workers. Some hospital administrators are being forced to turn to last-resort measures to ensure quality of care. Photo: Joseph Prezioso/AFP/Getty Images




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Investigation: How TikTok's Algorithm Figures Out Your Deepest Desires

A Wall Street Journal investigation found that TikTok only needs one important piece of information to figure out what you want: the amount of time you linger over a piece of content. Every second you hesitate or rewatch, the app is tracking you. Photo illustration: Laura Kammermann/The Wall Street Journal




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Trial of Three Ex-Officers Over George Floyd’s Killing: What to Know

Three former Minneapolis police officers face federal charges that they violated George Floyd’s civil rights during his May 2020 arrest. Here’s what you need to know about the officers and the upcoming trial. Photo: Erin Ailworth/The Wall Street Journal




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Many Airlines Say They'll Be Carbon Neutral by 2050. Here's What It Will Take

A group of almost 300 airlines have committed to "net zero" carbon emissions by 2050, but just how are they going to get there? WSJ’s George Downs explores some of the methods the International Air Transport Association has suggested for emissions reduction. Illustration: George Downs




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New York LaGuardia Airport’s Long-Awaited Makeover Is Almost Complete

Construction at LaGuardia Airport has frustrated travelers, but relief is in sight. Rick Cotton, executive director of the Port Authority of New York and New Jersey, discusses highlights and renovation challenges. Photo: Craig Ruttle/Associated Press




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U.S. Lifts Its Travel Ban: What You Need to Know

Travelers who meet certain requirements will be allowed to enter the U.S. beginning Nov. 8. WSJ’s Allison Pohle explains what these new rules mean. Photo: Seth Wenig/Associated Press




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Brooks Brothers, From Buttoned Up to Stripped Down

Brooks Brothers -- the self-proclaimed oldest clothier in the U.S. -- filed for bankruptcy in July. Analysts say the suit dealer wasn’t able to keep up with modern men who often wanted styles that were cheaper and more functional.




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Macy's Star Shone Bright for Over 150 Years. Now It's Flickering

Macy’s has long been identified with the start of the holiday shopping season. But the company was hurting even before the coronavirus crisis hit the retail industry, raising questions about how far Macy’s star could fall. Photo Illustration: Jacob Reynolds/WSJ




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Economics of Warby Parker: Why It Sees Physical Retail as Key to Growth

Warby Parker was one of the original direct-to-consumer brands, but now, the eyeglass-maker’s sales are split about evenly between its more than 140 brick-and-mortar locations and its online store. WSJ’s Charity Scott explains why this split is Warby Parker’s secret sauce. Photo: Adam Falk/The Wall Street Journal




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Simone Biles Speaks After Winning Bronze: ‘We’re Humans’

U.S. star gymnast Simone Biles spoke to reporters after winning a bronze at the Tokyo Olympics for her performance on the balance beam Tuesday. The event marked her return after she withdrew from other finals, citing the need to focus on her mental health. Photo: Ashley Landis/Associated Press




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‘Clock’s Ticking’: Tiger Woods Casts Doubt on Return to Pro Golf

Tiger Woods cast serious doubt on his competitive golf future in his first press conference since a life-threatening February car crash, saying that his ability to compete will never be the same after the devastating leg injuries. Photo: Doug Ferguson/Associated Press




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Super Bowl Commercials: Why This Year Could Be Known as the ‘Crypto Bowl’

This year’s Super Bowl drew advertisers willing to pay up to $7 million for a 30-second spot. WSJ advertising editor Suzanne Vranica and reporter Paul Vigna break down what to watch for from both new cryptocurrency brands and old regulars like Budweiser. Photo Illustration: Alexander Hotz/WSJ




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Russia Sends Film Crew to Space to Make Movie, Ahead of Tom Cruise, NASA

A Russian film crew was launched to the International Space Station on Tuesday to make the world’s first movie in orbit. The Russian space agency is getting in ahead of NASA, which last year said it would work with Tom Cruise to film aboard the spacecraft. Photo: AFP/Getty Images




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China’s Pop-Culture Crackdown Widens After It Hits Its Biggest Movie Star

Beijing is targeting the pop-culture industry as part of an effort to weed out what it sees as unhealthy influences for young people. WSJ looks at what happened after one of China’s highest-profile celebrities, Zhao Wei, disappeared from parts of the Chinese internet. Photo: Xu Nizhi/Zuma Press




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Alec Baldwin Speaks Out About Misfire of Prop Gun on Set of ‘Rust’

Alec Baldwin discharged a prop gun on the set of the Western film “Rust” on Thursday, killing a crew member and wounding the movie director, according to the Santa Fe County Sheriff’s office. Baldwin said Friday that he is fully cooperating with the police investigation. Photo: Jim Weber/Associated Press




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The Metaverse Prompts High-Stakes Race for Big Tech

A tech industry battle is taking shape over the metaverse. WSJ tech reporter Meghan Bobrowsky explains the concept and why tech companies like Facebook, Roblox and Epic Games are investing billions to develop this digital space. Photo: Storyblocks




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Delivery-Only Ghost Kitchens Are Reshaping the Restaurant Industry

Ghost kitchens are popping up all over the U.S. as food delivery soars and dining at restaurants plummets amid the pandemic. These businesses, which can host food preparation for multiple restaurants at a single location, are attracting interest from investors and restaurateurs. Photo: Adam Falk/The Wall Street Journal




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Texas to End State Mask Mandate

Texas Gov. Greg Abbott announced plans to “open Texas 100%,” allowing businesses to operate at full capacity and an end to the state’s mask mandate starting March 10. Photo: David J. Phillip/AP




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How the Brain Weighs Risk as Covid-19 Restrictions Ease

Indoor dining, workout classes, concerts. These once commonplace events are coming back into daily life. But because of Covid-19, everyone now has a different level of comfort. What happens in the brain as we decide what’s risky or not? Photo illustration: Laura Kammermann




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How Retail Cheese Prices Weather Market Volatility

With food markets on a wild ride lately, cheese has seen more volatility than most. Yet in supermarkets, prices have remained relatively stable. Here’s why sharp changes in wholesale cheese prices are slow to make it to consumers. Illustration: Jacob Reynolds




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The Unconventional Franchise Model Behind Chick-fil-A’s Success

Chick-fil-A has built its rapid growth on the popularity of its chicken sandwich. But its unconventional approach to business has helped make it the third biggest fast-food chain in the U.S. WSJ gets an inside look at the strategies driving the Atlanta-based company’s success. Photo: Richard B. Levine/Zuma Press




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Starbucks Rewards: How the Coffee Giant’s Mobile App Became a Winner

Starbucks trails only McDonald’s as the largest restaurant chain by market capitalization. WSJ’s Heather Haddon explains why mobile technology has become a business priority for Starbucks and garnered it a loyal customer base. Photo: Stanislav Kogiku/Zuma Press




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Flying Taxi Startups Seek a Quiet Takeoff

If eVTOL aircraft companies are to achieve their commercial ambition of becoming flying taxis, then first they’ll need to ensure their aircrafts are quiet enough to work in cities without disturbing residents. WSJ’s George Downs looks into just how quiet these crafts need to be to take off. Photo composite: George Downs




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Elon Musk Explains Why Tesla Is Moving to Austin

Tesla will move its headquarters to Austin, Texas, said CEO Elon Musk, comparing the current crowded operations at the factory in Fremont, Calif., to ‘Spam in a can.’ He said the electric-vehicle maker would continue expanding in California. Photo: Brendan Smialowski/AFP/Getty Images




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Elon Musk Welcomes Visitors to Tesla’s First Gigafactory in Europe

Tesla CEO Elon Musk on Saturday turned his first European Gigafactory near Berlin into a fairground where visitors could tour the facility. The project faced some delays and local resistance but Musk said the company expects to start production in November. Photo: Patrick Pleul/Associated Press




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Could Autonomous Trucks Help Solve the Supply Chain Crisis?

As driverless vehicle companies Aurora and Embark are making their stock-market debut this month, WSJ’s George Downs spoke with the CEOs about why they’re focusing on autonomous trucks and whether that could spell a solution for the U.S. truck-driver shortage.