Previously called Birdwatch, the feature is designed to combat false and misleading information by relying on crowdsourced contributions to add context to tweets. Mr. Musk has publicly supported the feature, which has fact-checked his own tweeting. It predates his takeover of Twitter late last month.
U.S. Natural-Gas Pioneer Struggles in His Second Act
Charif Souki has played a starring role in transforming America into an energy powerhouse, but his second attempt at exporting natural gas is foundering.
Mr. Souki's new firm, Tellurian Inc., is struggling to line up financing to build a large export plant for liquefied natural gas on the Gulf of Mexico despite soaring demand for cargoes of the fuel this year.
Chinese Stocks Drop as Covid Protests Intensify, Cases Surge
Shares in mainland China and Hong Kong slid on Monday morning, after protests against the country's zero-tolerance approach to Covid-19 gathered steam.
Hong Kong's benchmark Hang Seng Index, which is dominated by Chinese stocks, was down more than 4% after the market opened. It recovered some ground during the day but was still around 1.6% lower by midafternoon. The Chinese domestic CSI 300 index closed down 1.1%.
Globalized Supply Chain Brings More-Turbulent Food Prices
For decades, globalization has increased the variety and reduced the cost of food. Now the pandemic, war in Ukraine and other global disruptions have shown how that complex supply chain can also result in more turbulent prices.
Food-price inflation hit multidecade highs this year in the U.S. and elsewhere, outpacing overall consumer prices. While food inflation has cooled in recent weeks, food prices globally are still 25% higher than before Covid-19 struck in early 2020, according to the United Nations Food Price Index.
Oil Prices Face Fresh Volatility With New Russia Sanctions, OPEC Decision
OPEC and its allies are due to make a big call on oil production next week, a day before expanded sanctions are set to strike Russia's energy industry.
The potential impact of these moves is helping shroud the oil market in uncertainty at a time when coronavirus outbreaks are hammering demand in China.
More Venezuelan Oil Unlikely to Reach Markets Soon Despite New Chevron License
The Biden administration made a significant shift in its Venezuela policy when it allowed Chevron Corp. to pump oil in the South American country again, but the decision will yield little increase to the world's oil production in the short-term.
The U.S. company will have to contend with myriad technical issues at Venezuela's aging oil fields and a complicated network of remaining U.S. sanctions that must be altered to ensure more of the country's oil reaches the global market.
Stocks Are on the Rise, but Earnings Could Drag Them Down Again
Markets have had a good run in recent weeks, but some investors expect unimpressive earnings to send stocks lower again.
U.S. stocks have mounted a turnaround lately amid expectations the Federal Reserve could slow the pace of its rate increases as soon as December. That has been a welcome change, since stocks have been under pressure throughout the year thanks to roaring inflation and the Fed's aggressive rate-raising campaign to try to curb the rising prices. The S&P 500 is down 16% this year, but up 13% from Oct. 12, its lowest close of 2022.
Bank of Japan Sees Unrealized Bond Loss for First Time in Over 16 Years
The Bank of Japan reported an unrealized loss on its Japanese government bondholdings for the first time in more than 16 years, reflecting the sharp rise in yields.
The BOJ said Monday that it had an unrealized loss of 874.9 billion yen ($6.29 billion) on its JGB holdings as of the end of September, compared with a profit of Y4.373 trillion at the end of March. It was the first time since March 2006 that the BOJ saw a loss in JGB holdings.
FTX's Collapse Upends Sam Bankman-Fried's Washington Play
WASHINGTON-Sam Bankman-Fried's multimillion-dollar Washington charm offensive revolved around a small financial regulator and a group of senators with whom the purported crypto billionaire found common cause in a bid for light-touch regulation of digital assets.
For FTX, the crypto exchange Mr. Bankman-Fried founded, the goal was to steer oversight of crypto into the hands of what was perceived to be a friendlier regulator than the Securities and Exchange Commission, which has been promising a more stringent approach.
China's Economy Faces Challenges Despite Latest Moves to Stimulate Growth
HONG KONG-China's recent steps to adjust Covid-19 controls and revive activity in the beaten-down property market stirred hopes that Chinese leader Xi Jinping is putting fresh emphasis on measures to support the economy, potentially leading to a strong rebound in growth next year.
But economists warn the moves so far haven't amounted to a broad shift in Mr. Xi's policies, and the messaging out of the recent Communist Party Congress only reinforced that the Chinese leader planned to stick to his goals of achieving economic self-sufficiency and "common prosperity"-even at the cost of lower growth rates.
Chinese Protests Spread Over Government's Covid Restrictions
BEIJING-Protests are erupting in major cities in China over President Xi Jinping's zero-tolerance approach to Covid-19, an unusual show of defiance in the country as the economic and social costs from snap lockdowns and other strict restrictions escalate.
Demonstrations occurred throughout the weekend in both Beijing and Shanghai. According to eyewitness accounts, there were also protests in the eastern city of Nanjing and in Wuhan, the original epicenter of the pandemic. Video footage and photos circulating on social media, which The Wall Street Journal wasn't able to independently verify, suggest protests broke out in several other cities, including Chengdu, capital of Sichuan province.
Canada Calls China Disruptive Global Actor
Canada on Sunday called China a "disruptive" global force that must be contained, the latest salvo against Beijing as Ottawa embraces a less friendly approach toward the country after a high-stakes U.S.-China battle over telecommunications.
The comment came as Canada unveiled a revised policy framework for dealing with the Asia-Pacific region, with a particular focus on China. Canada says the new policy is in response to China's assertive pursuit of economic and security interests, as well as foreign-interference activities, in countries such as Canada, and to what it called China's "coercive treatment" of other nations.
Most Power Is Restored in Kyiv as Russian Strikes Hit Southern Ukraine
MYKOLAIV, Ukraine-Ukrainian officials said Sunday that they had managed to restore most of the electricity to the capital city of Kyiv, even as Russian strikes hit cities across southern Ukraine and intense fighting continued in the country's eastern Donetsk region.
Even though parts of Ukraine's electricity grid have been hobbled by Russian strikes over the past few weeks, officials in the capital said that power, water and heat had been almost completely restored. Utility workers have been scrambling to restore power in recent days as temperatures drop and snow starts falling on the city of three million.
U.S. Effort to Arm Taiwan Faces New Challenge With Ukraine Conflict
WASHINGTON-U.S. government and congressional officials fear the conflict in Ukraine is exacerbating a nearly $19 billion backlog of weapons bound for Taiwan, further delaying efforts to arm the island as tensions with China escalate.
The U.S. has pumped billions of dollars of weapons into Ukraine since the Russian invasion in February, taxing the capacity of the government and defense industry to keep up with a sudden demand to arm Kyiv in a conflict that isn't expected to end soon. The flow of weapons to Ukraine is now running up against the longer-term demands of a U.S. strategy to arm Taiwan to help it defend itself against a possible invasion by China, according to congressional and government officials familiar with the matter.
Congress Returns to Tackle Government Funding, Same-Sex Marriage, Railroad Strife
Lawmakers return to work this week with a to-do list that includes passing a critical government-funding bill, solidifying access to same-sex marriage and setting priorities for the U.S. military before the start of the new Congress next year.
Other issues emphasized by Democrats, including passing a ban on the sale of assault-style weapons, are a long-shot given their narrow majority in the Senate. Most legislation requires 60 votes to advance in the Senate. In addition, lawmakers are discussing raising the federal debt ceiling, which limits how much the government can borrow.
California's Homelessness Problem Pits Gov. Gavin Newsom Against Mayors
California Gov. Gavin Newsom is facing off with local government officials, many of whom are fellow Democrats, over responsibility for the lack of progress combating homelessness in America's most populous state.
Mr. Newsom recently put a temporary freeze on $1 billion of state grants for city and county homelessness programs. He also rejected a slate of proposals from local officials outlining how they would spend the money, saying the measures would have reduced homelessness statewide by 2% between 2020 and 2024, which he deemed inadequate.
Puerto Rico's Power Failures Worsen After Private Takeover
A Canadian-American consortium swept into Puerto Rico last year with promises to transform the island's antiquated power grid.
Many residents welcomed the change, tired of subpar service from a state-run utility that left them in darkness for months after a strong hurricane five years ago.
Donald Trump's Dinner With Kanye West, Nick Fuentes Sparks Criticism
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11-28-22 0535ET
