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Good afternoon. Here’s what you should know today, Sept. 16: |
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FedEx stock had its biggest percentage decline since going public in 1978 Some Brits are tired of the hubbub around Queen Elizabeth II’s death Longtime Airbnb guests are angry about lengthy—and, sometimes, absurd—chores |
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| The Justice Department has increasingly focused more resources on crypto-supported crime as bitcoin and other currencies have become more appealing to criminals. PHOTO: GABRIELLA DEMCZUK FOR THE WALL STREET JOURNAL |
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1. The Justice Department formed a national network of more than 150 federal prosecutors focused on crypto crime. |
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The high degree of technical expertise that can go into prosecuting such cases is partly what motivated the new effort, according to Eun Young Choi, the DOJ’s first national cryptocurrency enforcement team director. Crimes include money laundering, financing terrorism and theft. |
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Crypto Fees Are High. The Stock Market May Hold the Answer. (Read) |
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2. U.S. stocks closed lower as investors came to grips with corporate warnings that paint an increasingly dire outlook for the health of the U.S. economy. |
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The Ivy League Dropout Who Just Sold His Firm to Adobe for $20 Billion (Read) TikTok-Owner ByteDance Offers to Buy Investors’ Shares After Scrapping IPO Plan (Read) Where You Can Find Stock-Market Bargains (Read) EY’s Consulting Arm Could Struggle to Compete As Standalone Firm (Read) |
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3. Prosecutors are expected to appeal as early as today parts of a court order appointing a special master to review all documents seized at Mar-a-Lago. |
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Over their objections, the federal judge handling the case ordered the DOJ to give Donald Trump’s legal team access to the roughly 100 documents marked classified that were recovered during the FBI raid of the former president’s Florida home. |
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Social Network Parler Restructures and Focuses on ‘Uncancellable Economy’ (Read) State Abortion Bans Face Religious-Liberty Lawsuits From the Left (Read) |
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4. Some Brits are starting to grumble about all the hoopla surrounding Queen Elizabeth II’s death. |
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That includes blanket TV coverage, as well as cancellations and delays related to the mourning period and the public holiday on Monday, the day of the 96-year-old monarch’s state funeral. A YouGov poll conducted Tuesday said that 49% of people thought there was too much coverage, while 41% said it was about right. Two percent said there wasn’t enough. |
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🎥 Line to See Queen Elizabeth II Lie in State Reaches Capacity, Entry Paused (Watch) King Charles III: A Monarch Long in the Making (Read) 🎥 A King Charles Coin? Not So Fast. (Watch) Some Monarchs Endure, but Monarchies Are in Decline (Read) |
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5. Ukraine began exhuming a mass burial site in the recently recaptured city of Izyum. |
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Some of the hundreds of bodies showed signs of torture, police investigators and war-crimes prosecutors said. In a forested area beside an existing cemetery were individual graves marked with wooden crosses bearing numbers that approached 450, but investigators said some graves likely contained more than one person and that a large excavation may have held numerous bodies. Meanwhile, Russian President Vladimir Putin renewed his threats to walk away from an international agreement to allow Ukraine’s vital grain exports through the Black Sea. |
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Russia’s Battered Army Has No Quick Fix (Read) Essay: What Russia’s Failure in Ukraine Means for Putin and the World (Read) Germany Takes Control of Oil Refineries Owned by Russia’s Rosneft (Read) India’s Narendra Modi Voices Concern Over Ukraine War to Putin (Read) |
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The second season of Bad Bets, The Wall Street Journal podcast that unravels big-business dramas with global impacts on our world, delves into the story of Nikola founder Trevor Milton. He promised a future of zero-emission trucks but was taken down by a ragtag bunch of whistleblowers and short sellers. The episodes, hosted by Ben Foldy, launch Oct. 7. |
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