An escalating artificial intelligence race between China and the U.S. is drawing comparisons to the Cold War, and is likely to be just as consequential. As the technology barrels ahead from ChatGPT to DeepSeek and beyond, the competition is now primarily focused on advanced computer chips, but some worry that the race to innovate will lead to loosening safety regulations. WSJ’s Josh Chin explains China’s strategy to Ryan Knutson.
Further Listening:
- CoreWeave, the Company Riding the AI Boom
- Is the AI Boom… a Bubble?
- What's the Worst AI Can Do? This Team Is Finding Out.
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17:09
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17:09
Inside Quince’s Quest to Sell Luxury Goods for Less
Quince is seemingly everywhere. Since launching in 2018, the brand has built an e-commerce empire that brings in $1.1 billion annually, and has catapulted to the top of the "dupe" economy. But the company’s strategy of making its own versions of best-selling products has run into some pushback from competitors. WSJ’s Chavie Lieber takes us inside Quince’s strategy and ensuing legal battles. Jessica Mendoza hosts.
Further Listening:
- Smucker, Trader Joe's and a Battle Over PB&Js
- Why Is Everyone Obsessed With Labubus?
- How Target Got Off Target
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21:03
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21:03
The Case of the Missing $15 Billion Fortune: Part 2
After Hermès heir Nicolas Puech announced his $15 billion fortune was missing, accusations started flying. Who had taken the money? Was it his handyman? His financial advisor? Puech himself? In this second episode, WSJ’s Nick Kostov reveals the answer in what could be the fraud of the century. Jessica Mendoza hosts.
Further Listening:
The Case of the Missing $15 Billion Fortune: Part 1
The World's Richest Person Is Planning for Succession
Sign up for WSJ’s free What’s News newsletter.
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21:09
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21:09
The Case of the Missing $15 Billion Fortune: Part 1
Hermès is one of Europe’s most storied luxury brands, known for its Birkin bags and expensive silk scarves. One of the company’s biggest shareholders had been fifth-generation Hermès heir Nicolas Puech. But a few years ago, Puech made a shocking admission: he was out of money. And Puech’s Hermès shares, worth some $15 billion, were missing. In this first episode, WSJ’s Nick Kostov digs into one of the most baffling and epic financial sagas of this century. Jessica Mendoza hosts.
Further Listening:
The World's Richest Person Is Planning for Succession
Are Diamonds Even a Luxury Anymore?
How a Miami Couple Used Empty Mansions to Pocket Millions
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23:39
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23:39
Is the Hottest Investment Pokémon Cards?
Pokémon cards are beating the benchmark S&P 500 and tech stocks like Meta. WSJ’s Krystal Hur has been talking with a few collectors that have hit it big thanks to some prized sparkly cardboard from their childhoods. But are there signs of a bubble and that we’re reaching peak Pikachu? Jessica Mendoza hosts.
Further Listening:
- The $55 Billion Deal to Take EA Private
- GameStop and the Rise of the Reddit Investor
Sign up for WSJ’s free What’s News newsletter.
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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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