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• Dow gains 300 points as investors react to labor, consumer confidence data
  U.S. stocks finished higher on Tuesday after investors parsed...
  U.S. stocks finished higher on Tuesday after investors parsed signs of a cooling labor market and waning consumer confidence, which could mitigate the need for more interest-rate hikes by the Federal Reserve.
  
  The S&P 500 SPX gained 64.44 points, or 1.5%, to 4,497.67, marking the index’s best day in three months. The Dow Jones Industrial Average DJIA gained 292.96 points, or 0.9%, to 34,852.94. The Nasdaq Composite COMP rose by 238.63 points, or 1.7%, to 13,943.76, rising for a third straight day.
  
  Data showed the number of job openings in July dropped to 8.8 million, lower than the forecast of 9.5 million, a sign that employers have begun to meaningfully cut back on hiring. Meanwhile, 3.5 million people quit their jobs last month, the lowest level in two-and-a-half years. Meanwhile, a gauge of consumer confidence produced by the Conference Board dropped to 106.1 in August, from 114. Investors have recently cheered data suggesting that the U.S. labor market and economy might be starting to slow, a dynamic that market strategists have called “bad news is good news.” The thinking is that a slowdown in the economy’s rate of growth could help the Fed justify cutting interest rates more quickly by helping to curb inflation.
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• Natural Gas Futures Mostly Flat This Morning
  Following three-straight sessions of strong gains, natural gas futures are mostly flat this morning on...
  Following three-straight sessions of strong gains, natural gas futures are mostly flat this morning on expectations that the major hurricane expected to hit Florida tomorrow will cut demand for both power and gas and as the heat wave that has been blanketing much of the country for the past few weeks began to ease. New data from Refinitiv showed the average gas output in the lower 48 U.S. states eased to 101.7 bcfd so far in August, down from 101.8 bcfd in July. That compares with a monthly record of 102.2 bcfd in May. Despite a seasonal cooling, meteorologists forecast the weather in the lower 48 U.S. states will remain mostly hotter than normal through at least Sept. 12.
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• Oil ticks up as supply concerns outshine macroeconomic jitters
  LONDON (Reuters) - Oil prices crept up on Tuesday as supply concerns from a hurricane hurtling towards...
  LONDON (Reuters) - Oil prices crept up on Tuesday as supply concerns from a hurricane hurtling towards the U.S. Gulf Coast limited bearish sentiment about the possibility of another U.S. interest rate hike undercutting demand.
  
  Brent crude edged 63 cents higher at $85.05 a barrel by 1026 GMT, while U.S. West Texas Intermediate crude ticked up 57 cents to $80.67 a barrel.
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• Typhoon Forces 25,000 People to Flee Homes in Philippines
  The Philippines evacuated almost 25,000 people to safer ground...
  The Philippines evacuated almost 25,000 people to safer ground as Typhoon Saola is expected to hit land Wednesday before heading for Taiwan and Hong Kong.
  
  The Philippines has raised the third-highest wind signal over its northeastern islands, warning of strong winds and power disruptions, the state weather bureau Pagasa said in its latest bulletin at 2 p.m. on Tuesday. Taiwan issued a sea warning late Monday and may announce a land warning within hours.
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• ☕️What Else is Brewing Tuesday Morning
  American Airlines was hit with a $4.1 million fine for delays that left passengers stranded on the tarmac....
  American Airlines was hit with a $4.1 million fine for delays that left passengers stranded on the tarmac. It’s the largest fine ever issued by the Department of Transportation over this issue.
  
  OpenAI launched ChatGPT Enterprise, the business version of its popular chatbot, as it looks to boost revenue from the product.
  
  3M has agreed to pay $6 billion to settle ~250,000 lawsuits from veterans claiming the company’s earplugs were faulty.
  
  Spanish prosecutors have opened an inquiry into then National Soccer Federation chief Luis Rubiales’s unwanted kiss of national team player Jenni Hermoso after Spain’s World Cup victory. Meanwhile, Rubiales’s mother has shut herself in a church and begun a hunger strike in defense of her son.
  
  Elton John spent a night in the hospital after a fall at his French villa but has since been sent home.
  
  
  
   
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