Global diamond company De Beers spent decades convincing couples that true love required a diamond. But now, lab-grown diamonds that are identical to naturally-mined ones are flooding the market with cheaper options and reshaping the diamond business completely. WSJ’s Jenny Strasburg takes us inside the showdown in the diamond market, and we speak to a ring shopper weighing her options. Jessica Mendoza hosts.
Further Listening:-One American Company Taking on China's Rare-Earth Dominance-Can Pepsi Make a Comeback?-How Target Got Off TargetSign up for WSJ’s free What’s News newsletter.
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20:44
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20:44
The Wall Street Craze Jamie Dimon Can’t Resist. Even If It Blows Up.
Jamie Dimon, the cautious head of JPMorgan Chase, has consistently warned that private credit, the hottest trend on Wall Street, could trigger a financial blowup. So why is America’s biggest bank pouring money into it? WSJ’s Alexander Saeedy explains JPMorgan’s strategy and why you should care. Annie Minoff hosts.
Further Listening:
- JP Morgan CEO Jamie Dimon on What’s Next for the Economy
- Is the Economy… OK?
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Learn more about your ad choices. Visit megaphone.fm/adchoices
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21:12
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21:12
A Fight Over Buc-ee’s and for the Soul of the American West
Buc-ee's — the chain of road stops with a beaver mascot and a die-hard fanbase — is looking to expand westward. Its next stop is Palmer Lake, Colorado: a small, rural town known for its lush greenery and outdoor recreation. But some local residents are looking to “heave the beave.” And they have a powerful billionaire backing them: ‘cable cowboy' John Malone. WSJ’s Jim Carlton reports on this standoff over development and the future of the American West. Annie Minoff hosts.
Further Listening:
- The Fight Over Water in the West
- The Rise of the Yimbys
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Learn more about your ad choices. Visit megaphone.fm/adchoices
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21:00
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21:00
One American Company Taking on China's Rare-Earth Dominance
Tiny rare-earth magnets are used for building phones, electric cars, and submarines, but nearly all of them are mined and made in China. One U.S. company is trying to change that. WSJ’s Jon Emont spoke with MP Materials’ CEO about his goals for the mine, which has now made deals with the Pentagon, General Motors, and Apple. Can this industry come back the U.S.? Jessica Mendoza hosts.
Further Listening:
-Why Trump Wants Ukrainian Minerals
-Greenland Has Tons of Minerals. So Where Are All the Miners?
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Learn more about your ad choices. Visit megaphone.fm/adchoices
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18:30
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18:30
Trump’s Letter to Jeffrey Epstein
In 2003, Jeffrey Epstein got a gift for his 50th birthday, a leather-bound album containing letters, poems, photos and greetings from friends. One of the letters was from Donald Trump. The president says the letter "is a fake thing." WSJ’s Khadeeja Safdar reveals what’s in the letter and Sadie Gurman explores what it means for Trump and the Department of Justice. Jessica Mendoza hosts.
Further Listening:
-JPMorgan's $75 Million Jeffrey Epstein Settlement
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Learn more about your ad choices. Visit megaphone.fm/adchoices
The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
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