Trump’s Treasury secretary pick backs tariffs, tax cuts, and Russia sanctions
Scott Bessent, the hedge fund billionaire President-elect Donald Trump...
Scott Bessent, the hedge fund billionaire President-elect Donald Trump tapped to lead the Treasury Department, was the latest nominee to be grilled at a Senate confirmation hearing. Telling lawmakers that Trump could usher in a “new economic golden age,” Bessent said tariffs could be a “revenue raiser” for the government while pushing for an extension of the 2017 tax cuts. He also called for more sanctions on Russian oil producers to bring Vladimir Putin to the negotiating table with Ukraine.
Legendary baseball announcer Bob Uecker dies at 90. Fondly...
Legendary baseball announcer Bob Uecker dies at 90. Fondly known as “Mr. Baseball,” Uecker was the voice of the Milwaukee Brewers since 1971. The Brewers released a statement from the family that said Uecker had been privately fighting small-cell lung cancer since 2023. He became a national icon thanks to his charming appearances on late-night shows, a recurring spot in Miller Lite commercials, and his role as announcer Harry Doyle in the 1989 baseball classic Major League. In 2003, he received the Ford C. Frick Award from the Baseball Hall of Fame, which is given annually to a broadcaster for “major contributions to baseball.
Israel’s cabinet is expected to vote today or tomorrow on the Gaza ceasefire deal the country’s negotiators agreed to with Hamas, which US officials said would begin Sunday as planned despite the delayed vote.
American Express will pay $230 million to settle DOJ wire fraud claims and allegations it deceptively marketed credit cards to small businesses.
Cancer rates for women in the US have gone up, even as rates for men have gone down. Young women are now twice as likely to be diagnosed with cancer as young men.
Blue Origin’s massive New Glenn rocket made it to orbit, giving Jeff Bezos a win as his space company works to catch up to Elon Musk’s SpaceX. Meanwhile, SpaceX launched its seventh Starship test, and the ship exploded, disrupting airplanes with its debris.
Justin Baldoni sued Blake Lively and Ryan Reynolds for $400 million in the latest in the back-and-forth legal drama over the on-screen drama It Ends With Us.
Conan O’Brien will receive the Mark Twain Prize for Comedy, and nobody can take it away and try to give it to him in a different timeslot.
Major U.S. stock indexed closed lower on Thursday, pausing...
Major U.S. stock indexed closed lower on Thursday, pausing a powerful rally sparked a day earlier by falling bond yields and encouraging signs on the inflation front.
The Dow Jones Industrial Average fell about 68 points, or 0.2%, ending around 43,153, according to preliminary data.
The S&P 500 index lost 12 points, or 0.2%, ending around 5,937.
The Nasdaq Composite Index shed about 172 points, or 0.9%, closing near 19,338.
The 10-year yield fell to 4.606% Thursday, retreating from its one-year high of 4.802% set on Monday. But a cautious tone remained in markets with investors focused on what policies might be a top priority under the incoming Trump administration — and the Treasury market's likely reaction to them.
Expand Energy hits all-time high as J.P. Morgan starts at Outperform
Expand Energy (NASDAQ:...
Expand Energy (NASDAQ:EXE) +2.7% in Thursday's trading to an all-time high of $108.83 as J.P. Morgan launches coverage with an Outperform rating and $112 price target, citing large-scale exposure to natural gas as the largest producer in the U.S. and the trend of growing natgas demand via liquefied natural gas, electrification, and AI/data centers.
J.P. Morgan analysts led by Zach Parham note Expand (NASDAQ:EXE) is one of only two public E&Ps in the Haynesville play, which provides volume growth optionality due to the proximity to increasing Gulf Coast LNG export capacity.
Hart Energy: $5/Mcf Through 2026 in ‘Coming US Gas Super-Cycle’
U.S. natural gas will be $5/Mcf this and next year and that’s “conservative,...
U.S. natural gas will be $5/Mcf this and next year and that’s “conservative, in our view,” Bernstein Research analysts report in describing “a coming U.S. gas super-cycle.”
Bernstein’s 2025 and 2026 forecast had been $3. The 12-month strip for gas delivered to Henry Hub was $3.99 at press time, according to real-time CME Group data. The 24-month strip was also $3.99.
Bob Brackett, Bernstein senior E&P analyst, expects 12 Bcf/d of additional gas demand for U.S. power generation into 2030—growing at a rate of 2 Bcf/d more per year beginning this year as more power-hungry AI data centers come online.
