Financial advisers express caution on buying Twitter stock as Elon Musk finally goes ahead with his $44 billion offer and it’s time to give more legal and financial breaks to single people, law professor says

Hi MarketWatchers. Don’t miss these top stories. Fewer than 50% of US adults are now married. It’s time to give more legal and financial breaks to single people, law professor says. Fewer people are choosing to form traditional nuclear families. Read More Where’s the beef? Rancher sentenced to 11 years for ripping off Tyson Foods … Read more

Elon Musk’s Twitter Reversal Renews Takeover Bid for a Now-Weaker Firm

Elon Musk’s latest about-face over his $44 billion deal to buy Twitter Inc. TWTR -0.75% has him poised to take over a company that is weaker than it was before he tried to abandon the agreement—thanks in part to his own actions. Broad economic concerns have intensified since July 8, when Mr. Musk made public … Read more

OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic

VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies on Wednesday agreed to slash two million barrels of oil a day, delegates said, in a move likely to push up already-high global energy prices and help oil-exporting Russia pay for its war in Ukraine. The decision could undermine a plan by the Group … Read more

‘This is not healthy’: The latest advance for stocks could signal more pain ahead for markets. Here’s why

US stocks kicked off the fourth quarter with sharp gains as the Dow Jones Industrial Average DJIA, +2.44% appears headed for its biggest two-day rally in more than 2½ years. But as tempting as it might be to call a bottom in stocks, Nicholas Colas, co-founder of DataTrek Research, said Tuesday that investors should brace … Read more

The US dollar’s dominance tends to hurt these sectors of the stock market less, says RBC

The stronger US dollar is “a clear negative” for the S&P 500, but stocks in areas such as financials, utilities and real-estate investment trusts appear more insulated to the “doldrums” of the currency’s strengthening historically, according to RBC Capital Markets. While the performance of US equities tends to be broadly weak when the dollar is … Read more

Cargo Shipowners Cancel Sailings as Global Trade Flips From Backlogs to Empty Containers

Ocean carriers are canceling dozens of sailings on the world’s busiest routes during what is normally their peak season, the latest sign of the economic whiplash hitting companies as inflation weighs on global trade and consumer spending. The October cancellations are a sharp reversal from just a few months ago, when scarce shipping space pushed … Read more

The bear market may not be over but some corporate insiders are acting like it is

It’s premature to declare the bear market is over, but it’s not too early to start constructing your buy list of stocks for when conditions are more favorable. That’s the conclusion I draw from an analysis of recent insider transactions from Nejat Seyhun, a finance professor at the University of Michigan and one of academia’s … Read more

Nikola Tries to Ignite Market for Its Hydrogen Fuel-Cell Trucks

As Nikola Corp.’s NKLA -1.40% founder stands trial on securities-fraud charges, a revamped management team is pushing to make the company the first to market hydrogen-powered commercial trucks in the US—and to overcome production and credibility challenges that have weighed on its shares. The seven-year-old company’s first battery-powered electric trucks rolled off the assembly line … Read more

EU Approves Sweeping Energy-Market Intervention

BRUSSELS—European energy ministers on Friday approved the main tenets of a €140 billion plan, equivalent to around $137 billion, to counter Moscow’s efforts to deprive the continent of natural gas and hobble its economy. The European Union plan aims to cap most non-gas electricity producers’ revenue, claw back some oil- and gas-company profits and lower … Read more

Exxon CEO Warns Biden Administration Against Limiting Fuel Exports

Exxon Mobil Corp. is pushing back against reductions of US fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump prices at home. Exxon XOM -0.20% told the Energy Department this week that the oil industry should not slow fuel shipments in favor of … Read more