Companies continue to raise prices on everything from streaming services to handbags, sometimes at a rate that exceeds the pace of inflation. WSJ’s Suzanne Kapner and Greg Ip unpack why this is happening.

Further Reading:

- Pricing Power: This Is Kate Spade’s Hottest Bag…and It Costs $500 

- We May Be Getting Used to High Inflation, and That’s Bad News 

Further Listening:

- Why the Fed Raised Interest Rates Amidst a Banking Crisis 

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The IRS will begin a pilot program next year to help some taxpayers fill out and file their income tax returns for free online. WSJ’s Richard Rubin on the government’s first steps towards building a competitor to TurboTax and H&R Block. 

Further Reading:

- IRS Will Offer Free Online Tax Prep for Some Taxpayers in 2024 

- TurboTax Settlement: How to Know If You Qualify for Part of the $141 Million Payout 

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Starting in July, Connecticut will put $3200 into a trust account for each baby born to parents below a designated income level. As adults, the beneficiaries can use the money—plus investment returns—to help pay for education or a home. WSJ’s Brenda León discusses Baby Bonds and why they are gaining traction in other states too.

Further Reading:

- Could $3,200 ‘Baby Bonds’ Help End Poverty in America? 

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After Cash App founder Bob Lee died in a stabbing, some were quick to blame San Francisco’s rising crime rates. But prosecutors say Lee knew his alleged killer. WSJ’s Kirsten Grind reports on an underground world of sex and drugs that was the backdrop to the killing that shocked the tech community. 

Further Reading:

- Before His Killing, Tech Executive Bob Lee Led an Underground Life of Sex and Drugs 

- Cash App Founder Bob Lee Fatally Stabbed in San Francisco 

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Linda Yaccarino established herself as an advertising sales machine at NBCUniversal. On Friday, Elon Musk announced she’d be Twitter’s new CEO. WSJ’s Amol Sharma discusses some of the challenges Yaccarino will face at the revenue- starved social media platform. 

Further Reading:

- Meet Linda Yaccarino, Elon Musk’s New Twitter CEO and the Ad World’s ‘Velvet Hammer’ 

Further Listening:

- Why Elon Musk's Twitter Is Losing Advertisers 

- Elon Musk's 'Extremely Hardcore' Twitter 

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The blockbuster Western drama about a ranching dynasty in Montana is one of the most popular shows on TV. But it’s also one of the most expensive. WSJ’s Erich Schwartzel explains how the man behind it — Taylor Sheridan — became one of the priciest bets in Hollywood.      

Further Reading and Watching:

- Paramount Can’t Say No to the Man Behind ‘Yellowstone’: $50,000 a Week for His Ranch, $25 Per Cow 

- Paramount Shares Drop 28% as Streaming Costs Mount 

- The Race to Build the ‘Yellowstone’ Universe 

Further Listening:

- Netflix Turns to Ads 

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Rep. George Santos has been accused of fabricating much of his life’s story to secure public office. On Wednesday he was indicted on 13 federal charges including fraud and money laundering. The New York Republican denies the charges and has pleaded not guilty. WSJ’s Jimmy Vielkind explains what the charges will mean for him. 

Further Reading:

-George Santos Faces 13 Felony Charges, Including Fraud and Money Laundering 

-George Santos Follows Others in Congress Who Have Confronted Legal Troubles 

Further Listening:

-Why the Red Wave Didn’t Happen 

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