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The main reason: They have lost access to easy money.867 min read INVESTORS GROW MORE CONFIDENT OF A SOFT LANDING Funds are putting money in stocks that would benefit from slowing inflation and falling rates.954 min read * THE OUTLOOK: INTEREST-RATE PATHS FOR U.S., EUROPE SET TO DIVERGE UKRAINE HITS HOTEL HOSTING RUSSIAN MILITARY Kyiv’s forces demolished a hotel complex hosting dozens of Russian military personnel with U.S.-supplied long-range artillery, while Russian drone strikes continued to destroy Ukraine’s electricity grid.2263 min read * UKRAINE CAN WIN THE WAR. BUT THE COST MAY BE TOO HIGH. LAST-MINUTE PRESSURE ON POLAND ENABLED RUSSIA OIL-PRICE CAP President Biden and senior advisers, in 11th-hour negotiations with world leaders, secured support for a novel plan that aims to keep Russian oil on global markets while limiting the Kremlin’s revenues from sales.598 min read LOCKERBIE BOMBING SUSPECT IS IN U.S. CUSTODY The Libyan explosives expert is believed by U.S. and U.K. authorities to have constructed the explosive device used to destroy a commercial jetliner over Scotland in 1988.1 min read CONGRESS FACES DEADLINE FOR KEEPING GOVERNMENT FUNDED Negotiators are hoping to reach a deal on a full-year spending bill but they disagree on nondefense spending.144 min read U.S. BUILDS NEW FIREWALL TO STOP SPREAD OF MILITANT ISLAMISTS Hundreds of American troops join Western allies in Niger to block al Qaeda and Islamic State from advancing violence and influence in West Africa. “I don’t know that I’d call them winning. I‘d certainly say they’re holding.”668 min read UTILITY BILLS RISE AS AMERICANS PAY OFF STORM-RECOVERY COSTS Customers will pay billions of dollars in fees arising from severe weather in recent years, as companies pass along extraordinary costs of energy and repairs.5 min read * FLORIDA LAWMAKERS TO TACKLE BALLOONING PROPERTY-INSURANCE CRISIS NASA’S ARTEMIS I MISSION TO MOON NEARS COMPLETION WITH RETURN OF ORION SPACECRAFT A major objective during the final leg of the uncrewed Artemis moon mission is testing a heat shield that protects a vehicle that will carry astronauts in the future.4 min read CHINA PROPS UP BELT-AND-ROAD BORROWERS VIA UNUSUAL CHANNEL The People’s Bank of China has used currency-swap lines to support governments that borrowed heavily from Chinese banks.147 min read DOCTORS AND LAWYERS DEBATE MEANING OF DEATH Potential revisions to the determination of brain death would have an effect on mourning, inheritance and organ donation.505 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. Uncontrolled Substances, Part 1: Subscribe and Prescribe Cerebral set out to change mental-health services. It wound up under federal investigation. WSJ's Rolfe Winkler and Khadeeja Safdar take us back to the company’s origins.Read Transcript AD Loading advertisement... 00:00 / 27:06 1x Subscribe Apple PodcastsSpotify More Google Podcasts TuneIn Stitcher Amazon Alexa iHeartRadio RSS ‘MAGIC’ AI AVATARS ARE ALREADY LOSING THEIR CHARM6 MIN READ THE WORLD CUP CONTENDERS WHO DON’T WANT THE BALL5 MIN READ The A-hed NOW DRIVING YOU MAD AT THE CAR DEALERSHIP: A SHORTAGE OF TITLE PAPER5 MIN READ COLUMNISTS FACEBOOK MOM GROUPS REALLY DO STRESS WOMEN OUT By Julie Jargon SURVIVAL LESSONS FROM PAST TECH DOWNTURNS By Christopher Mims A YEAR-END SURPRISE: A TAX BILL ON TOP OF YOUR MUTUAL-FUND LOSSES By Laura Saunders WSJ PROMOTION SPECIAL OFFER: €2 PER MONTH FOR 1 YEAR Trust your source. Trust your decisions. Subsribe today and save on a WSJ membership. View Membership Options WSJ PROMOTION SPECIAL OFFER: €2 PER MONTH FOR 1 YEAR Trust your source. Trust your decisions. Subsribe today and save on a WSJ membership. View Membership Options JOURNAL REPORTS | MANAGEMENT TOP 250 THE 7 COMPANIES THAT DO IT ALL WELL IN THE RANKINGS OF BEST-MANAGED COMPANIES Only seven companies this year were All-Stars in the Management Top 250 ranking. And only one company has been an All-Star since we started the rankings in 2017.66 min read * AMONG TOP PERFORMERS, SOME WARNING SIGNS * THE 250 BEST-MANAGED COMPANIES OF 2022 BUSINESS & FINANCE SOFTBANK, TENCENT LEAD WAY AS ASIA TECH INVESTORS SELL SHARES Some of the world’s most influential institutions are cashing out of Asia’s technology giants after owning them for years, a troubling sign after what has already been a painful market selloff.6 min read BINANCE AIMS TO CALM INVESTORS, BUT FINANCES ARE VAGUE The crypto exchange has begun releasing data following the collapse of FTX. But it needs to disclose a lot more to give investors confidence in its future, accounting and financial specialists say.2897 min read TECH PEOPLE ON TV ARE HARDER TO HEAR, BUT YOU CAN FIX THAT Improving dialogue can include audio settings and extra speakers or just a good set of headphones.86 min read SOME TWITTER POWER USERS TRY BUSINESS CASUAL ON LINKEDIN Unhappy with Elon Musk’s vision for Twitter, some are seeking refuge on the professional-networking site. The memes and hot takes don’t always translate.165 min read Heard on the Street TWITTER’S ADVERTISING TRUTH HURTS Mr. Musk’s vague tweets on the subject have Twitter-watchers in a tither, underscoring the urgency of competing for a shrinking pool of ad dollars.74 min read WORLD IRAN’S ISLAMIC LEADERS FACE A CRISIS OF FAITH AS PROTESTS SWELL Demonstrations against core values underpinning the Islamic system suggest the country might be heading away from a conservative path.567 min read U.S. RISE OF OPEN-SOURCE INTELLIGENCE TESTS CIA Efforts to harness the power of publicly available data by U.S. intelligence agencies remain underfunded and outpaced by China’s “immense enterprise.”187 min read HOMELESSNESS WORSENS IN OLDER POPULATIONS AS HOUSING COSTS TAKE TOLL A rising number of older people around the country are on the verge of homelessness or now living on the streets after falling on hard times.225 min read YEAR IN REVIEW JAY LENO ON ELECTRIC CARS, HYDROGEN FUEL, SPACE TRAVEL—AND HIS RECENT ACCIDENT The comedian and car lover has been very happy with the EVs he has bought. He is less interested in leaving Earth, though.469 min read * DURING COVID, WE ATE COMFORT FOOD. WE’VE BECOME A LOT MORE ADVENTUROUS. * IS THE U.S. MOVING ON FROM FREE TRADE? INDUSTRIAL POLICY COMES FULL CIRCLE LIFE IN ‘WHITE LOTUS,’ IS PORTIA THE VOICE OF GEN Z? Haley Lu Richardson, who plays the personal assistant on the show, dissects the character from the top of her crocheted hat to the bottom of her aimless soul.5 min read SIX EXERCISES WORLD CUP ATHLETES USE TO STAY STRONG AND FAST These drills benefit elite soccer players, and can also help anyone build speed, power and avoid injuries.186 min read VIDEO Crypto’s Crash Has Been Swift but Largely Self-Contained. Here’s Why. Your browser does not support HTML5 video. 0:00 ADVERTISEMENT 0:00 PlayCreated with sketchtool. Paused Sound OnCreated with sketchtool. 0:00 / 4:46 ShareCreated with sketchtool.Closed Captions InactiveCreated with sketchtool. Keep hovering to play CRYPTO’S CRASH HAS BEEN SWIFT BUT LARGELY SELF-CONTAINED. HERE’S WHY. 4:46 TESLA AIMS TO MAKE ITS EV CHARGERS THE U.S. STANDARD. HERE’S HOW. 4:54 HOW APPLE’S NEW ICLOUD ENCRYPTION PROTECTS YOU FROM ATTACKS (EXCLUSIVE) 6:26 BUY SIDE FROM WSJ THE BUY SIDE TEAM IS INDEPENDENT OF THE WALL STREET JOURNAL NEWSROOM 15 TOYS THAT KEEP KIDS ENTERTAINED These expert-approved playthings make the perfect presents.8 min read THE 8 BEST WEEKENDER BAGS, ACCORDING TO TRAVEL EXPERTS AND JETSETTERS These cleverly designed carryalls are great-looking and hard-working.5 min read COSTCO’S CREDIT CARD IS ALSO GREAT FOR FILLING YOUR GAS TANK This card earns rewards at Costco—but it’s also a solid cash back card in its own right5 min read CMO HERTZ NAMES FIRST CMO SINCE 2020 AMID NEW FOCUS ON ELECTRIC VEHICLES3 MIN READ RAKUTEN’S SUPER BOWL AD RETURN WILL EMPHASIZE SAVINGS3 MIN READ AD FIRMS PREDICT SLOWER ADVERTISING GROWTH FOR 20233 MIN READ CIO LEASED ROBOTS ROLL IN TO HELP LOGISTICS FIRMS HANDLE HOLIDAY CRUSH4 MIN READ REDIS NAMES FORMER FIVE9 CEO TO HEAD DATABASE STARTUP3 MIN READ U.S. STEEL LOOKS TO FORGE HIGH-TECH FUTURE AT MILLS BOTH NEW AND OLD7 MIN READ CFO NEW TAX ON BUYBACKS IS WEEKS AWAY, BUT FINANCE CHIEFS AREN’T TOO WORRIED5 MIN READ GE HEALTHCARE PLANS TO REDUCE DEBT AND COSTS, PURSUE TUCK-IN ACQUISITIONS4 MIN READ KRISPY KREME NAMES MARS EXECUTIVE JEREMIAH ASHUKIAN NEXT CFO1 MIN READ RISK & COMPLIANCE U.S. TARGETS CHINESE FISHING VESSELS, RUSSIAN DETENTION CAMPS, WITH HUMAN-RIGHTS SANCTIONS4 MIN READ BANKS SHOULD BE WARY OF CRYPTO, TOP U.S. REGULATOR SAYS2 MIN READ THE MORNING RISK REPORT1 MIN READ LOGISTICS REPORT CALIFORNIA LONG RULED SHIPPING IN U.S. IMPORTERS LOOK TO EAST.LONG READ MORE STORES DO DOUBLE DUTY AS DISTRIBUTION CENTERS FOR ONLINE ORDERS4 MIN READ TODAY’S LOGISTICS REPORT: RETAIL’S IN-STORE DISTRIBUTION; FREIGHT VS. PASSENGERS; SEOUL CRUSHING STRIKE1 MIN READ SUSTAINABLE BUSINESS COMPANIES FACE PROSPECT OF NEW BIODIVERSITY RULES3 MIN READ BRAZIL, A BASTION OF HYDROPOWER, GAINS TRACTION IN WIND AND SOLAR6 MIN READ LONDON STOCK EXCHANGE LAUNCHES FIRST FUND UNDER MARKET FOR CARBON CREDITS3 MIN READ HEARD ON THE STREET HIGHER-FOR-LONGER RATES ARE HAMMERING BANK STOCKS3 MIN READ COPPER AND ALUMINUM BULLS ARE RUNNING TOO FAST2 MIN READ CHEWY’S ONLINE PET DOMINANCE COULD LOSE ITS BITE3 MIN READ BARRON’S TWITTER BLUE TO RESTART MONDAY. IOS SUBSCRIBERS WILL PAY MORE. 2 MIN READ CVS WANTS TO BE AMERICA’S HEALTHCARE PROVIDER. ALL IT NEEDS NOW ARE DOCTORS.LONG READ GAS PRICES HAVE FALLEN AND IT'S CRUSHING REFINERS2 MIN READ MARKETWATCH GAS PRICES ARE NOW LOWER THAN AT THIS TIME LAST YEAR. COULD THEY FALL BELOW $3 A GALLON IN THE MONTHS AHEAD?4 MIN READ ONE COMPANY COULD DETERMINE IF U.S. CORPORATE PROFITS RISE TO A RECORD NEXT YEAR6 MIN READ GRANT WAHL'S DEATH OF 'CARDIAC ARREST' AT WORLD CUP CASTS PALL OVER TOURNAMENT 1 MIN READ MANSION GLOBAL Independent of The Wall Street Journal newsroom. THIS WEEK IN CELEBRITY HOMES: MARK WAHLBERG, JOE COCKER1 MIN READ AFFLUENT GOLF LOVERS—AND NOW SECOND-HOME BUYERS—ARE FLOODING TO SOUTHWESTERN MISSOURI5 MIN READ WEEK IN REVIEW: SANDRA BULLOCK, ALTERNATIVE CANADIAN SECOND-HOMES, BIG APPLE PRICE HIKES1 MIN READ PENTA BOOK RECOMMENDATIONS FROM BUSINESS AND CULTURAL LEADERS3 MIN READ THE BEST GOLF ACCESSORY GIFTS THIS HOLIDAY SEASON4 MIN READ GREAT ESCAPES: DELHI’S INIMITABLE MIX OF CHAOS AND CHARM5 MIN READ Journal Reports: Leadership MICROSOFT TOPS THE BEST-MANAGED COMPANIES OF 2022 OPINION WHY THE ‘SMART’ PARTY NEVER LEARNS By Barton Swaim | Commentary SOUTH DAKOTA BANS TIKTOK By Kristi Noem | Commentary A SMALL TEXAS CITY GETS A DRAG-QUEEN PARADE FOR CHRISTMAS By Kevin E. Stuart | Cross Country BIDEN BAILS OUT THE TEAMSTERS By The Editorial Board | Review & Outlook THE TWITTER BLACKLISTING OF JAY BHATTACHARYA By Justin Hart | Commentary ONLY THE VOTERS CAN CRUSH DONALD TRUMP By Peggy Noonan | Declarations Got a tip for us?Here’s how to submit it. MOST POPULAR NEWS 1. INVESTORS GROW MORE CONFIDENT OF A SOFT LANDING 2. CALIFORNIA LONG RULED SHIPPING IN U.S. IMPORTERS LOOK TO EAST. 3. BOND INVESTORS SWAP MUTUAL FUNDS FOR ETFS 4. BINANCE IS TRYING TO CALM INVESTORS, BUT ITS FINANCES REMAIN A MYSTERY 5. PROMINENT SOCCER JOURNALIST GRANT WAHL, 48, DIES WHILE COVERING WORLD CUP IN QATAR MOST POPULAR OPINION 1. OPINION: WHY THE ‘SMART’ PARTY NEVER LEARNS 2. OPINION: BIDEN BAILS OUT THE TEAMSTERS 3. OPINION: THE TWITTER BLACKLISTING OF JAY BHATTACHARYA 4. OPINION: MUCH ADO ABOUT INDEPENDENT KYRSTEN SINEMA 5. OPINION: A SMALL TEXAS CITY GETS A DRAG-QUEEN PARADE FOR CHRISTMAS RECOMMENDED VIDEOS 1. U.S. VS. CHINA: CAN COMAC’S C919 COMPETE WITH BOEING’S 737? 06:43 2. BRITTNEY GRINER RETURNS HOME: A TIMELINE OF HER DETAINMENT AND RELEASE 03:12 3. HOW IRAN'S PROTESTS HAVE SPREAD ACROSS THE COUNTRY 04:22 4. CRYPTO’S CRASH HAS BEEN SWIFT BUT LARGELY SELF-CONTAINED. HERE’S WHY. 04:46 5. WATCH: BRITTNEY GRINER ARRIVES IN THE U.S. AFTER PRISONER SWAP 01:47 JOURNAL REPORTS JASON KILAR ON THE CHAOTIC STREAMING WARS—AND HOW THIS HOLLYWOOD STORY MAY END The streaming services had a very rough 2022. Get ready for multiple business casualties, and a few winners.7 min read * THE STOCK MARKET HAS BEEN FULL OF DRAMA IN 2022, AND IT’S MASKING INVESTING OPPORTUNITIES * YOU HAVE TO EVACUATE YOUR HOME DUE TO EXTREME WEATHER. WHAT DO YOU TAKE WITH YOU? MARTINA NAVRATILOVA ON ROGER FEDERER AND SERENA WILLIAMS—AND THE FUTURE OF TENNIS7 MIN READ HOW COVID SHOWED US THE SECRETS TO HAVING BETTER RELATIONSHIPS5 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 * Walmart: Walmart coupon: $20 off your $50+ order * DoorDash: $25 off your $30+ order + free delivery with DoorDash coupon 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 * Manage Cookies * Copyright Policy * Data Policy * Subscriber Agreement & Terms of Use * Your Ad Choices * Accessibility * Copyright ©2022 Dow Jones & Company, Inc. 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