Your Evening Briefing
Dr. Christine Blasey Ford appeared before the Senate Judiciary Committee on Thursday and accused Brett Kavanaugh of sexual assault. By all accounts, Ford was a compelling witness. Even Fox News panelists called her credible. Kavanaugh began his testimony by furiously denouncing Ford's accusation and called the confirmation process a "disgrace." Keep up with all the latest on the hearing here.
Here are today's top stories
President Donald Trump delayed a meeting with Deputy Attorney General Rod Rosenstein that would determine whether he’ll keep his job after reports he’d suggested secretly recording Trump.
Eddie Lampert’s hedge fund has a new plan for cutting Sears debt. The main beneficiary would once again be Eddie Lampert’s hedge fund.
The culture that discouraged Ford from speaking out punishes women throughout their careers. This is the true cost of silence.
More Americans are delaying retirement. There's a big payoff from working just a few extra years, Bloomberg Businessweek reports.
What's Joe Weisenthal thinking about? The Bloomberg news director has become increasingly fascinated with the parallels between crypto and cannabis. So he wrote about it for Bloomberg Businessweek. True believers see both of these spaces as an opportunity to jump in on something big before institutional money gets there. To form a bubble, you need a great story, and it's an inherently alluring sales pitch to think there are opportunities to get in on the ground floor before all the people in suits beat you to it.
What you'll need to know tomorrow
- The SEC has opened a case against Tesla CEO Elon Musk.
- Watchdogs can't handle Wall Street's riskiest loans.
- Some financial planners have to teach frugal retirees to spend more.
- The cooling Trump-Xi relationship may worsen U.S.-China relations.
- U.S. mortgage rates rose to the highest level in seven years.
- These airlines offer the best in-flight wi-fi— if you're lucky.
- The days of unregulated recreational drone use are ending.
What you'll want to read tonight
The world’s leading EV visionary isn't Elon Musk. Two decades ago, Wan Gang persuaded China’s State Council to throw its vast power behind the risky, unproven technology of electric cars. He advocated using government money, including subsidies, to help create a world champion industry that would surpass Western automakers. Today, Chinese drivers buy one of every two electric vehicles sold, and the global auto industry is pivoting to adjust.
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