In San Juan, the Puerto Rican governor is readying painful spending cuts in lieu of more help from Washington. In Washington, officials are warning of a broad attack by Russian hackers targeting the U.S. power grid, including a nuclear plant in Kansas. In Kansas, a family went to pick up its German shepherd from United Airlines, only to find somebody else's Great Dane. And in Denmark, well, at least life isn't as expensive as it is in Singapore. —Sam Schulz |
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Why Even a Dead Dog Probably Won’t Cost United’s CEO His Job | First a man was dragged off a plane and bloodied. Then a puppy died in an overhead bin. And then a German shepherd was accidentally sent to Japan instead of Kansas. But United Airlines CEO Oscar Munoz probably won’t lose his job over the scandals, insiders agree. He’s built up too much goodwill within the company, including with its unions. |
| Here are today's top stories... | | “Just relax.” That’s White House trade adviser Peter Navarro’s advice to investors skittish over trade. The administration has exempted Canada and Mexico from its planned steel tariffs (for now), but Europe and China plan to retaliate. | | The U.S. slapped sanctions on a host of indicted Russians accused of interfering in the 2016 presidential election, and the FBI warned that Russian hackers were also attacking American power and aviation infrastructure—the first official confirmation that they were doing so. | | In the pecking order of the world’s priciest cities, Singapore still comes out on top, with Paris and Zurich tied for second. Thanks to the weakening dollar, nowhere in the U.S. even cracks the top 10—not that that will stop New Yorkers from grousing about their rent, even as it falls. | | U.S. stocks ended mixed Thursday. Pipeline stocks plunged after regulators killed a key tax credit, Walmart’s stock fell on a whistleblower's claims that it issued misleading e-commerce results, and Snap’s slid after Rihanna called Snapchat out for an ad joking about domestic abuse. | | What will happen when unemployment dips below 4 percent? Just look at where it already has. In Iowa, Georgia, and Maine, employers have pulled in workers from the sidelines and retooled processes to use less labor, but so far there are no signs of an overall wage explosion. | |
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