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The Outlook EMPLOYERS TRY TO HOLD LINE ON WAGES, WITH MIXED SUCCESS Vacancies and job-hopping are down, and some pay indicators have cooled, but a pickup in hourly earnings in November shows workers still have leverage.135 min read CHINA LOOSENS COVID RULES AS PUBLIC ANGER SIMMERS Local authorities are dismantling some pandemic control measures even as new cases remain elevated.5 min read * APPLE MAKES PLANS TO MOVE PRODUCTION OUT OF CHINA ◆ WSJ News Exclusive CVS TRIES OUT REMOTE SYSTEM TO HELP FILL PRESCRIPTIONS Some of the chain’s pharmacists check pill counts and handle other tasks from miles away.5 min read BUSINESS-SOFTWARE COMPANIES SAY CUSTOMERS ARE PULLING BACK Salesforce, Okta and CrowdStrike describe how clients are delaying certain purchases and becoming more cautious in response to a challenging economy.124 min read BILLIONS IN COVID AID WENT TO HOSPITALS THAT DIDN’T NEED IT The federal funds benefited some well-off medical systems but weren’t enough for many that were struggling to provide pandemic care, according to a Wall Street Journal analysis; “We sorely needed that money.”36Long read CLASHES OVER FTX BANKRUPTCY GO GLOBAL Squabbles are erupting around the world over who controls the insolvent company’s cash and crypto assets.265 min read * SAM BANKMAN-FRIED SAYS HE CAN’T ACCOUNT FOR BILLIONS SENT TO ALAMEDA * VIDEO: FTX FOUNDER DISTANCES HIMSELF FROM ALAMEDA * INSIDE BANKMAN-FRIED’S DOOMED EMPIRE IN GEORGIA, MIDTERM TURNOUT AND BLANK BALLOTS MIGHT REVEAL WHO HAS THE EDGE Georgia’s Senate runoff has had record early voting. Here are the ballots Raphael Warnock and Herschel Walker need to pick up to pull ahead.1 min read * RUNOFF PROPELS ATLANTA TV STATION TO AD CASH CROWN IRAN ABOLISHES MORALITY POLICE, CONSIDERS CHANGING HIJAB LAWS Iran’s attorney general said the requirement that women cover their heads in public was under review and that the special police who enforce the law had been disbanded, a move that analysts say is aimed at peeling away support for antigovernment protests.4 min read TWITTER, TESLA, NEURALINK, SPACEX: A WEEK RUNNING ON MUSK TIME The busy entrepreneur’s propensity for ambitious, fuzzy deadlines—familiar to followers of his companies—is now on display at the social-media platform.455 min read LISTEN TO THE JOURNAL. A podcast about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson. View more podcasts Your browser does not support the audio tag. How Jiang Zemin Made China a Global Superpower The former Chinese president died this week. WSJ’s Charles Hutzler explains his legacy of opening up China's economy while stanching challenges to the Communist Party.Read Transcript AD Loading advertisement... 00:00 / 19:15 1x Subscribe Apple PodcastsSpotify More Google Podcasts TuneIn Stitcher Amazon Alexa iHeartRadio RSS U.S. SOCCER BELIEVES THAT IT WILL WIN—IN 2026. THERE’S WORK TO DO.5 MIN READ STOP YOURSELF FROM TIPSY TEXTING THIS HOLIDAY SEASON6 MIN READ The A-hed RACCOONS GET A REPUTATION MAKEOVER4 MIN READ COLUMNISTS WHEN YOUR DATA TELLS YOU WHO YOU REALLY ARE By Nicole Nguyen KATE MIDDLETON’S STYLE STAYS ON MESSAGE AMID ONGOING ROYAL TURMOIL By Rory Satran AMAZON’S QUEST FOR THE ‘HOLY GRAIL’ OF ROBOTICS By Christopher Mims WSJ PROMOTION SPECIAL OFFER: LESS THAN US $1/WEEK Trust your source. Trust your decisions. Subsribe today and save on a WSJ membership. View Membership Options WSJ PROMOTION SPECIAL OFFER: LESS THAN US $1/WEEK Trust your source. Trust your decisions. Subsribe today and save on a WSJ membership. View Membership Options JOURNAL REPORTS | INVESTING BONDS ARE PRIMED FOR A BETTER 2023, BUT HOW MUCH BETTER? Investors might believe that after a horrible 2022, bonds can’t help but have a positive return next year. Not so fast.33 min read * STOCK FUNDS RISE AGAIN BUT REMAIN DAMAGED * WHAT TYPES OF BONDS DELIVER THE BEST RETURNS? BUSINESS & FINANCE POOR COUNTRIES FEEL STING OF LOCAL-CURRENCY DEBT Some of the world’s poorest economies embraced borrowing in their own currencies as a shield from swings in the dollar. Now that strategy may be coming back to bite.175 min read CHEVRON’S LONG GAME IN VENEZUELA BRINGS POLITICAL RISK The company’s license to pump oil depends on progress toward free elections by the Maduro regime and its opponents.246 min read WORLD NORTH KOREA’S NEW MISSILE HAS SHORTCOMINGS AS A WEAPON Experts say Pyongyang’s latest ICBM lacks the technology that would make it a potent weapon against the U.S.6 min read JAPAN LOOKS TO BUILD NATURAL-GAS BUFFER IN CASE OF SUPPLY CRUNCH Russia’s move to decrease gas deliveries to Europe has prompted Tokyo to rethink its policy.2 min read ISRAEL’S PRESIDENT VISITS BAHRAIN TO ADDRESS STALLED RELATIONS While Israel has made significant advances with the United Arab Emirates, relations have been slower to flourish with Bahrain and other countries that normalized ties in 2020.6 min read U.S. A MILITARY WIFE’S DESCENT INTO METH ADDICTION—AND HER JOURNEY BACK Lauren St. Pierre was living her version of the American dream until she discovered a euphoria she put before her baby and her freedom. “Homeless, jobless, been arrested, spent Christmas in jail, 3 felony, no car, no nothing.”271Long read SOME TRUMP JEWISH BACKERS AT BREAKING POINT AFTER KANYE WEST, NICK FUENTES MEETING Rising anti-Semitic incidents are adding urgency for the former president to apologize over the meeting, according to some critics.2469 min ago9 min read IOWA’S LOSS OF FIRST DEMOCRATIC CAUCUSES WOULD ALTER POLITICAL CLOUT The Democratic National Committee is poised to take away the outsize role Iowa has played in kicking off the party’s presidential nominating process for 50 years.266 min read STATES REPORT ROBUST DEER HUNTING THIS YEAR A helpful calendar, good weather and larger than usual herds have made for excellent harvesting.125 min read OBITUARIES MARGARET DUCKHORN HELPED MAKE CALIFORNIA MERLOT A HIT At a time when other vintners tended to see Merlot as a supporting-cast grape to be blended into Cabernet Sauvignon, the Duckhorns thought it could star on its own as a varietal wine.72 min read * JOHN Y. BROWN JR. HELPED COL. SANDERS MAKE KFC A GIANT * JOHN PALMOUR CHANGED RECIPE FOR MAKING MICROCHIPS YEAR IN REVIEW Essay HOW TO START REGULATING THE CRYPTO MARKETS—IMMEDIATELY Former chairmen of the SEC and CFTC offer three steps U.S. regulators should take to make sure crypto lives up to its promise—without compromising the fairness and stability of financial markets.148 min read U.S. HISTORY HAS PLENTY OF GOOD AND BAD. HERE’S HOW TO SEE BOTH. First, we have to understand why our minds make it so hard to have a nuanced view. Then, we have to get beyond that.116 min read VIDEO Where Did the Missing Money Go? Sam Bankman-Fried Says He Can Only Guess Your browser does not support HTML5 video. 0:00 ADVERTISEMENT 0:00 PlayCreated with sketchtool. Paused Sound OnCreated with sketchtool. 0:00 / 11:28 ShareCreated with sketchtool.Closed Captions InactiveCreated with sketchtool. Keep hovering to play WHERE DID THE MISSING MONEY GO? SAM BANKMAN-FRIED SAYS HE CAN ONLY GUESS 11:28 WATCH: U.S. UNVEILS NEW STEALTH BOMBER B-21 RAIDER 0:55 HOW AMAZON, CVS AND WALGREENS ARE TAPPING INTO THE $4 TRILLION HEALTHCARE MARKET 5:33 BUY SIDE FROM WSJ THE BUY SIDE TEAM IS INDEPENDENT OF THE WALL STREET JOURNAL NEWSROOM HOW TO CHOOSE THE BEST HIGH-YIELD SAVINGS ACCOUNT What to look for and where to look—your best bet may even be from a bank you’ve never heard of.7 min read THE 13 BEST WINTER HATS FOR WOMEN, ACCORDING TO STYLE INSIDERS From cashmere beanies to a sherpa bucket hat, these standouts bring warmth and fashion cred.5 min read 11 UNIQUE GIFTS FOR THE MOM WHO DOESN’T WANT ANYTHING She swears there’s nothing she needs, but she’ll definitely be touched by these expert-recommended presents. (And a phone call every once in a while—is that too much to ask?)5 min read CMO SAM BANKMAN-FRIED CHUCKS THE CRISIS COMMUNICATIONS PLAYBOOK4 MIN READ BABY GEAR RENTAL STARTUP LOOP HIRES FORMER GLOSSIER MARKETING CHIEF AS CEO2 MIN READ ELON MUSK’S TWITTER POLITICS ADD TO PRESSURE ON TESLA’S BRAND IMAGE5 MIN READ CIO U.S. STEEL LOOKS TO FORGE HIGH-TECH FUTURE AT MILLS BOTH NEW AND OLD7 MIN READ ORACLE CIO JAE EVANS ON RESHAPING THE COMPANY’S IT DEPARTMENT4 MIN READ CIOS CAN PLAY KEY ROLE IN GUIDING COMPANIES THROUGH SLOWDOWN5 MIN READ CFO WITH DEBT COMING DUE, INVESTMENT-GRADE COMPANIES ARE PAYING UP, TOO5 MIN READ FASB AGAIN AIMS FOR MORE DISCLOSURE ON TAXES FROM U.S. COMPANIES4 MIN READ WW INTERNATIONAL SAYS CHIEF FINANCIAL OFFICER TO DEPART1 MIN READ RISK & COMPLIANCE ABB’S $327 MILLION BRIBERY SETTLEMENT ARRIVES IN U.S. COURT4 MIN READ SAM BANKMAN-FRIED ‘WASN’T EVEN TRYING’ TO MANAGE RISK AT FTX4 MIN READ MORE CASES, POLICY CHANGES ARE ON THE HORIZON, DOJ’S NEW FRAUD SECTION CHIEF SAYS3 MIN READ LOGISTICS REPORT SOME RETAILERS ARE LEARNING TO LOVE BULKED-UP INVENTORIES5 MIN READ AMAZON LAUNCHES SUPPLY-CHAIN SOFTWARE SERVICE2 MIN READ TODAY'S LOGISTICS REPORT: RAILROAD STRIKE AVERTED; SHIPPING STOLEN WHEAT; DELIVERING ELECTRIC TRUCKS1 MIN READ SUSTAINABLE BUSINESS PRODUCTS MADE WITH CAPTURED GREENHOUSE GAS ARE REACHING COMMERCIAL SCALE4 MIN READ A MICROSOFT LEADER’S COP27 TAKEAWAY: IT’S TIME FOR COMPANIES TO GET THINGS DONE7 MIN READ AWS AIMS TO REDUCE WATER USE AT ITS DATA CENTERS4 MIN READ HEARD ON THE STREET MUST INFLATION BE BROUGHT DOWN ALL THE WAY TO 2%?3 MIN READ JOBS REMINDER: SILICON VALLEY ISN’T THE WHOLE ECONOMY3 MIN READ CRACKER BARREL’S RUDE GUEST DOESN’T HAVE THE ANSWERS3 MIN READ BARRON’S STARWOOD LIMITS INVESTOR REDEMPTIONS FROM REAL ESTATE FUND4 MIN READ CANADA’S LARGEST PENSION SELLS APPLE STOCK, SLASHES BETS ON EVS3 MIN READ APPLE IS LOOKING TO MOVE PRODUCTION OUT OF CHINA, REPORT SAYS 2 MIN READ MARKETWATCH CRYPTO'S 'TRUE BELIEVERS' CRAVE BEING ALL-IN, ALL THE TIME. HERE'S HOW THEY MIGHT LEARN TO PROTECT THEMSELVES.5 MIN READ ‘AM I THE WORLD'S BIGGEST FOOL?’ I MARRIED MY HUSBAND AFTER BEING TOGETHER FOR 25 YEARS. NOW HE WANTS A DIVORCE. I'LL BE LEFT WITH NOTHING. WHAT CAN I DO?6 MIN READ INFLATION AND CREDIT-CARD DEBT ARE ON THE RISE, DESPITE A STRONG JOB MARKET. TELL US HOW THE ECONOMY IS AFFECTING YOU.3 MIN READ MANSION GLOBAL Independent of The Wall Street Journal newsroom. THIS WEEK IN CELEBRITY HOMES: TAYLOR SWIFT, DJ ZEDD1 MIN READ THE ‘MALIBU OF TEXAS’ BUCKS AUSTIN’S DOWNTURN7 MIN READ WEEK IN REVIEW: FAMOUS HOMES, HISTORIC HOMES, AND FULLY-FURNISHED HOMES1 MIN READ PENTA HONG KONG’S ART MARKET CONTINUES TO COOL FROM ITS SPRING 2021 PEAK2 MIN READ GREAT ESCAPES: SNOW, SPORT, AND A RICH CULTURAL SCENE IN ASPEN5 MIN READ THE RAREST—AND PRICIEST—MEZCALS ON THE MARKET TODAY4 MIN READ Health WHY YOU CAN’T FIND WEGOVY, THE WEIGHT-LOSS DRUG OPINION TRUMP STRIKES OUT BEFORE HIS JUDGES By The Editorial Board | Review & Outlook THE ‘SUICIDE’ OF THE LIBERAL ARTS By Naomi Schaefer Riley | The Weekend Interview WHERE DID YOUNG MALE WORKERS GO? By The Editorial Board | Review & Outlook PSYCHOS IN THE C-SUITE By Peggy Noonan | Declarations WHEN TIME’S ‘MAN OF THE YEAR’ MEANT SOMETHING By Lance Morrow | Commentary KARI LAKE IS THE NEW STACEY ABRAMS By The Editorial Board | Review & Outlook Got a tip for us?Here’s how to submit it. MOST POPULAR NEWS 1. APPLE MAKES PLANS TO MOVE PRODUCTION OUT OF CHINA 2. SAM BANKMAN-FRIED SAYS HE CAN’T ACCOUNT FOR BILLIONS SENT TO ALAMEDA 3. KATE MIDDLETON’S STYLE STAYS ON MESSAGE AMID ONGOING ROYAL TURMOIL 4. A MILITARY WIFE’S DESCENT INTO METH ADDICTION—AND HER AGONIZING JOURNEY BACK 5. U.S. UNWRAPS B-21 BOMBER, DESIGNED TO DETER CHINA MOST POPULAR OPINION 1. OPINION: WHERE DID YOUNG MALE WORKERS GO? 2. OPINION: TRUMP STRIKES OUT BEFORE HIS JUDGES 3. OPINION: THE ‘SUICIDE’ OF THE LIBERAL ARTS 4. OPINION: THE UFO BUBBLE GOES POP 5. OPINION: WHEN TIME’S ‘MAN OF THE YEAR’ MEANT SOMETHING RECOMMENDED VIDEOS 1. TECH COMPANIES WERE THRIVING, NOW THEY’RE LAYING OFF THOUSANDS. HERE’S WHY. 04:46 2. EMPLOYERS LIST WIDE SALARY RANGES IN WAYS THAT SIDESTEP PAY TRANSPARENCY LAW 04:02 3. FTX FILES FOR BANKRUPTCY: WHAT HAPPENED TO THE CRYPTO PLATFORM? 02:27 4. ELON MUSK SAYS TWITTER BANKRUPTCY IS A POSSIBILITY. HERE’S WHY 03:20 5. BIDEN HIGHLIGHTS DEMOCRATS’ MIDTERM RESULTS 02:32 JOURNAL REPORTS WHEN IS IT TIME TO RETIRE? READERS (AND I) WANT TO KNOW In a farewell column, Glenn Ruffenach considers how you know you’re ready to walk away, even if it’s hard to do.5 min read * THE PROS AND CONS OF FAMILY LIMITED PARTNERSHIPS DONOR-ADVISED FUNDS: QUESTIONS TO ASK YOURSELF AMID A TURBULENT STOCK MARKET6 MIN READ TAX-LOSS HARVESTING COMES WITH HIDDEN RISKS6 MIN READ SPONSORED COUPONS & OFFERS * American Eagle Outfitters: Sign up for emails and get 10% off American Eagle promo code * Wayfair: Up to 15% off + free shipping at Wayfair * Kohl's: Kohl's coupon - 30% off sitewide for Rewards members * Walmart: Walmart coupon: $20 off your $50+ order * DoorDash: Today's Top Deal: 50% off any order + free delivery with DoorDash promo code * Target: 25% off sitewide with this Target Promo Code * The Wall Street Journal * English Edition * English * 中文 (Chinese) * 日本語 (Japanese) * * Subscribe Now * Sign In * Back to Top « WSJ Membership * WSJ+ Membership Benefits * Subscription Options * Why Subscribe? * Corporate Subscriptions * Professor Journal * Student Journal * WSJ High School Program * Public Library Program * WSJ Live * Commercial Partnerships Customer Service * Customer Center * Contact Us Tools & Features * Newsletters & Alerts * Guides * Topics * My News * RSS Feeds * Video Center * Watchlist * Podcasts * Visual Stories Ads * Advertise * Commercial Real Estate Ads * Place a Classified Ad * Sell Your Business * Sell Your Home * Recruitment & Career Ads * Coupons * Digital Self Service More * About Us * Content Partnerships * Corrections * Jobs at WSJ * News Archive * Register for Free * Reprints & Licensing * Buy Issues * WSJ Shop * Facebook * Twitter * Instagram * YouTube * Podcasts * Snapchat * Google Play * App Store Dow Jones Products * Barron's * BigCharts * Dow Jones Newswires * Factiva * Financial News * Mansion Global * MarketWatch * Risk & Compliance * Buy Side from WSJ * WSJ Pro * WSJ Video * WSJ Wine * Privacy Notice * Cookie Notice * Copyright Policy * Data Policy * Subscriber Agreement & Terms of Use * Your Ad Choices * Accessibility * Copyright ©2022 Dow Jones & Company, Inc. 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