Saudi Arabia’s ‘Whatever It Takes’ Strategy Boosts Oil Prices

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Regulators are close to adopting new rules that could raise the limit by about 20 percent in a bid to bolster the banking system after a number of midsize lenders failed this year, The Wall Street Journal reported. Heated rhetoric from U.S. and Chinese officials over the weekend was a marked contrast from the cordiality that greeted JPMorgan Chase’s Jamie Dimon — and effusiveness, in the case of Elon Musk — at business events the two held in China during the week. In decades past, Wall Street leaders like John Thornton and Hank Paulson of Goldman Sachs and Steve Schwarzman of Blackstone were reportedly able to temper efforts by Washington to take a tough line on China. As CNN continues to be roiled by internal tension — including some stoked by a lengthy new profile of its chief, Chris Licht — the network’s former leader, Jeff Zucker, is plotting his next moves, The Times’s Ben Mullin reports. Mr. Zucker is now one of at least three prospective suitors for a majority stake in Air Mail, the media company founded by the former Vanity Fair editor Graydon Carter, and has had discussions to invest in the online publishers Puck and Semafor.

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