Why Banks Are Waging a Digital-Wallet War With Apple

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Why Banks Are Waging a Digital-Wallet War With Apple
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Watch: Digital wallets, like Apple Pay, are growing in popularity, and banks are getting worried. Here’s how they’re pushing back.

Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.Twitter is over $13 billion in debt. Many advertisers have fled. But CEO Elon Musk said the company has a shot at becoming cash-flow positive within a few months. Here’s why Musk is optimistic, and how his purchase contributed to Twitter’s cash problem.

Illustration: Preston JesseeAs Donald Trump faces a possible indictment, WSJ’s Joe Palazzolo—one of the reporters whose initial articles triggered the investigation—walks through the allegations and events that could culminate in criminal charges against the former president. Photo Illustration: Ryan TrefesThe Federal Deposit Insurance Corporation is doing what it was designed to do when banks like Silicon Valley and Signature Banks go under: cover insured deposits.

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