Today's Paper

Fears of Economic Slowdown Spark Stock-Market Selloff

The Dow industrials slid more than 600 points and the Nasdaq Composite shed 3.3%.

Deadliest Russian Missile Strike This Year Highlights Ukraine’s Air-Defense Shortage

Ukrainian President Volodymyr Zelensky has pleaded for more missile systems and jet fighters to shield the country from Russian attacks.

Two Ukrainian Top Guns Lobbied for F-16s. They Won’t Get to See if the Jets Help Fend Off Russia.

The death of a pilot and loss of a critical jet last week highlight the stakes in Ukraine’s campaign for Western weaponry

Rise of the Pint-Size Startup Is Reshaping the U.S. Economy

The number of employees at companies launched since the pandemic is sharply lower, reflecting broader trends in the way people work.

Too Timid to Tell the Boss You’re Quitting? There’s a Service for That.

Amid a labor shortage in Japan, some pushy employers are rebuffing resignations. A new field is helping workers bust free.

The Day Delta’s ‘On-Time Machine’ Broke, and the Blame Game It Sparked

After the CrowdStrike outage grounded thousands of flights, CEOs from the airline and software companies are sparring over footing the bill.

WHAT'S NEWS

Business & Finance

• U.S. stocks slid after renewed worries about a slowing economy gripped investors, with the S&P 500, Nasdaq and Dow shedding 2.1%, 3.3% and 1.5%, respectively. The yield on the 10-year Treasury note fell to 3.843%, from 3.910% on Friday.
• Harris will propose a 10-fold expansion of a tax deduction for new small businesses and announce a goal of 25 million new small-business applications in her first term if elected president, according to campaign officials.
• A strike by more than 15,000 AT&T workers in the Southeast stretched into a third week after a federal mediation process to end the standoff broke down.
• Cathay Pacific canceled dozens of flights as it inspected and repaired its fleet of Airbus 350 jets after discovering engine problems on one of the planes during a flight to Switzerland.
• Constellation Brands plans to book a loss of up to $2.5 billion related to its wines and spirits business, as prolonged negative trends in the U.S. wine market continue.
• Harbour Energy raised its production guidance following completion of its $11.2 billion acquisition of Wintershall Dea’s oil-and-gas assets from Germany’s BASF.
• Charlesbank acquired digital agency Front Row to capitalize on brands’ growing sway—and needs—as online sales power those brands’ growth.

World-Wide

• Two Russian ballistic missiles hit a military institute and a hospital in a central Ukrainian city, killing 51 people and injuring 271 in the deadliest strike this year, Ukrainian officials said.
• A former aide to New York Gov. Kathy Hochul helped a Chinese official eavesdrop on a conference call and forged the governor’s signature as part of a lucrative scheme to advance Beijing’s interests, according to a federal indictment unsealed Tuesday.
• Chinese government-backed trolls are targeting U.S. voters ahead of the 2024 presidential election to promote divisive narratives on contentious issues, according to new research.
• Pro-Palestinian protesters returned to Columbia University on the first day of classes, presenting a fresh challenge for school officials after demonstrations roiled the campus during the previous academic year.
• Lebanon’s former central-bank governor was arrested in Beirut on embezzlement charges, as the political establishment looks to deflect new international sanctions that could further harm the economy.
• The progressive campaign for a Florida ballot initiative to protect abortion rights is heating up, and one recent gathering in support of it was organized by and for Republicans.
• Mexico’s departing president is preparing to push through an unprecedented overhaul of the judicial system that has spooked foreign investors and raised tensions with the U.S.