US moves ahead with US Gulf, Cook Inlet offshore lease sales
The Interior Department's Bureau of Ocean Energy Management will hold...
The Interior Department's Bureau of Ocean Energy Management will hold an oil and natural gas lease sale covering roughly 80 million acres in the US Gulf of America on Dec. 10, marking the first in a series of 30 offshore auctions planned in the region through 2040 under the Trump administration's energy expansion agenda. The agency also proposed offering around 1 million acres in Alaska's Cook Inlet at a March 4 lease sale, kicking off a schedule that outlines at least six Cook Inlet auctions between 2026 and 2032.
On this Veterans Day, we pause to honor the brave men and women who have...
On this Veterans Day, we pause to honor the brave men and women who have served in our nation's Armed Forces. Their commitment to protecting our freedoms, often at great personal cost, deserves our deepest gratitude and respect. To all veterans—whether you served in times of war or peace, at home or abroad—thank you for your sacrifice, your courage, and your unwavering dedication to something greater than yourselves. Your service has shaped the country we call home, and we are forever grateful. Today and every day, we remember and honor you.
What’s open: The stock market and most retail stores.
What’s closed: Most banks, the US Post Office, public schools, and libraries.
Warren Buffett says he’s “going quiet” as successor prepares...
Warren Buffett says he’s “going quiet” as successor prepares to take over. The legendary 95-year-old investor put out a letter yesterday saying he no longer plans to write Berkshire Hathaway’s annual shareholder letter, with Greg Abel poised to take over as CEO at the end of the year—though he plans to keep his Thanksgiving letter as an annual tradition, much like green bean casserole. Buffett also said he’d hold onto a significant chunk of his Class A shares while investors got comfortable with the firm’s new leader, despite speeding up donations to his children’s foundations.
President Trump pardoned Rudy Giuliani, Mark Meadows, and several others who supported his unfounded claim that the 2020 election had been stolen. However, it’s mostly a symbolic gesture, as they have not been charged with federal crimes, and the president does not have the power to pardon state offenses.
Major League Baseball announced plans for its authorized sportsbook operators to cap bets on individual pitches and exclude them from parlays after two players were accused of rigging pitches.
Burger King sold a majority of its China business to a private equity firm, hoping the new joint venture will help the chain grow faster in the country.
Paramount Skydance said on Monday it expects $1 billion more in merger savings than it anticipated, bumping the total up to $3 billion, when it reported its first post-merger earnings.
The FDA is removing long-standing black box warnings from hormone therapy treatments for menopause.
Former French President Nicolas Sarkozy was released from jail, three weeks into a five-year prison sentence, as he appeals his conviction for taking part in a criminal conspiracy to take campaign funding from Libyan dictator Muammar Gaddafi.
Oil prices settled higher on Monday as analysts focused on potential...
Oil prices settled higher on Monday as analysts focused on potential fuel supply disruptions from fresh U.S. sanctions and Ukrainian drone attacks on Russian refineries, although predictions of a crude supply surplus kept gains in check.
Brent crude futures rose 43 cents, or 0.7%, to settle at $64.06 a barrel, while U.S. West Texas Intermediate crude futures advanced 38 cents, or 0.6%, to close at $60.13 a barrel.
Fuel futures led gains in the oil complex as U.S. gasoline futures closed over 1% higher and diesel futures rose close to 1%. A string of refinery issues in the U.S. and drone strikes on Russian refineries have helped lift fuel prices, analysts said.
"Refinery issues in the Great Lakes and West Coast have kept prices elevated," GasBuddy analyst Patrick De Haan wrote in a blog post. He added that thousands of U.S. flight cancellations due to the federal government shutdown could also create more gasoline demand ahead of the Thanksgiving holiday.
U.S. stocks end higher as S&P 500, Nasdaq log their best days since May
U.S. stocks ended higher Monday afternoon, on hopes that...
U.S. stocks ended higher Monday afternoon, on hopes that the longest U.S. government shutdown may end this week, after the Senate took initial steps Sunday night on passing a deal to end the impasse.
Meanwhile, President Donald Trump on Sunday floated the idea of paying at least $2,000 to most Americans from tariff revenue, though Secretary Scott Bessent downplayed the prospect of rebate checks, suggesting tax savings are more likely.
The Dow Jones Industrial Average finished up about 0.8%, according to preliminary closing data from FactSet.
The S&P 500 ended up 1.5%, recording back-to-back gains. The index logged its largest single-day point gain since May 27, and its largest single-day percentage gain since Oct. 13.
The Nasdaq Composite closed 2.3% higher, snapping back-to-back losses. The index recorded its largest single-day point gain since May 12, and its largest single-day percentage gain since May 27.
