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WSJ Your Money Briefing

What’s News in Markets: Clarity Act, Chips’ Dip, Klarna’s Pivot

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.11.7K Ratings

🗓️ 16 May 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

What drove an up-and-down week for chips stocks like Intel, Nvidia, Micron and Qualcomm? And what kind of clarity did crypto traders get from the Clarity Act advancing in the Senate? Plus, how are investors liking Klarna’s pivot away from “buy now, pay later”? Host Jack Pitcher discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:12.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:24.4

While increasing megastore profits, they deserve it.

0:25.1

Don't they?

0:29.1

Tell Congress, stop the Durban Marshall money grab for corporate megastores.

0:31.2

Paid for it by the Electronic Payments Coalition.

0:34.2

Hey listeners, your money briefing is still on a break, but we'll be back with more personal finance information for you in the future.

0:37.9

Until then, here's the news moving the markets this week.

0:44.0

Hey listeners, it's Saturday, May 16th.

0:47.7

I'm Jack Pitcher for the Wall Street Journal.

0:50.3

And this is What's News and Markets, our look at the biggest stock moves of the week and the

0:55.8

news that drove them. Let's get to it. What started out as a strong week, finished on a bit of a

1:02.6

down note. Rising bond yields around the world are sapping investors' appetite for stocks, and oil prices

1:09.2

are still climbing, reigniting fears about inflation. All three

1:13.8

major indexes fell more than 1% Friday. For the week, the Dow dropped 0.2%, the S&P inched 0.1% higher,

1:21.9

and the NASDAQ dropped a tenth of a percent.

1:30.7

It was a halfctic week for chip stocks, like Intel, Nvidia, Micron, and Qualcomm.

1:37.3

To give you a sense of the drama, here are some actual quotes from our coverage throughout

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