Live: Elon Musk says Twitter moving to charge users, US stocks move sideways as investors await Federal Reserve rates decision

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X/Twitter owner Elon Musk says his social media company plans to start charging a small monthly payment to use the platform. And US stocks end little changed ahead of the US Federal Reserve's meeting this week. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Good morning, welcome to the ABC Markets Blog, I'm Sue Lannin.

The big news overnight is that X is looking at charging users a small monthly fee to use the platform in order to combat bots and spam.who raised the plans during a livestreamed conversation with Israeli prime ministerMr Musk did not mention the timing of the plan to charge users or how much it would cost.US stocks

went nowhere as investors await this week's meeting of the US Federal Reserve, which is expected to leave official US interest rates on hold at 5 to 5.25 per cent.Spot gold is a bit higher, and oil prices jumped again as more production cuts loom. While the Australian dollar slipped slightly to 64.35 US cents from a high of 64.49 US cents overnight.

 

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