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• U.S. consumer prices rose 3.1 percent in the year through January, cooling less than expected.
  Inflation cooled...

  Inflation cooled less than expected in January and held roughly steady on an annual basis after removing food and fuel prices — a reminder that bringing price increases under control remains a bumpy process.

  
  

  The overall Consumer Price Index was up 3.1 percent from a year earlier, which was down from 3.4 percent in December but more than the 2.9 percent that economists had forecast. That figure is down from the latest peak of 9.1 percent in the summer of 2022.

  
  

  But after stripping out food and fuel, which bounce around in price from month to month, “core” prices held roughly steady, climbing 3.9 percent from a year earlier.

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• EPA, DOE to provide funding for O&G industry methane cuts
  The Environmental Protection Agency and the Energy Department have announced...
  The Environmental Protection Agency and the Energy Department have announced plans to provide funding to support initiatives targeting methane emissions reduction in the oil and natural gas industry. This notice of intent is meant to give potential applicants sufficient time to prepare proposals and establish partnerships ahead of the official funding opportunity announcement.
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• ☕️What Else is Brewing Tuesday Morning
  The oil and gas industry gets another mega-merger. As...
  The oil and gas industry gets another mega-merger. As consolidation of companies extracting energy in the Permian Basin continues, Diamondback Energy announced plans to buy Endeavor Energy Partners, the area’s biggest privately held oil and gas producer, in a cash-and-stock deal valued at around $26 billion. It’s the latest acquisition as energy companies look to grow and secure drilling sites with high oil prices remaining high: Exxon Mobil is snapping up Pioneer Natural Resources in a $60 billion deal, and Chevron is buying Hess for $53 billion.
  
  An average 123.4 million viewers watched the Super Bowl across all platforms, making it the most watched broadcast in the history of television. Meanwhile, movies had a rough weekend, taking in $40 million—the lowest box office for a Super Bowl weekend in more than 30 years (not counting 2021, when most cinemas were closed).
  
  Donald Trump filed an emergency appeal to the Supreme Court, asking the justices to halt a ruling rejecting his claims of immunity from prosecution for trying to overturn his 2020 election loss.
  
  Tiger Woods introduced his new clothing brand, Sun Day Red, a partnership with TaylorMade Golf. It’s Woods’s first big brand move after ending his 27-year partnership with Nike.
  
  JetBlue’s stock soared after-hours yesterday, after activist investor Carl Icahn revealed he’d taken a stake in the airline.
  
  Jeff Bezos’s move from Seattle to Miami could save him $600 million in taxes as he sells off some of his Amazon stock.
  
  Bob Edwards, the longtime host of NPR’s Morning Edition, has died at age 76.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for March delivery ...
  Benchmark U.S. crude oil for March delivery rose 8 cents to $76.92 per barrel Monday. Brent crude for April delivery fell 19 cents to $82 per barrel.
  
  Wholesale gasoline for March delivery rose 3 cents to $2.37 a gallon. March heating oil fell 4 cents to $2.92 a gallon. March natural gas fell 8 cents to $1.77 per 1,000 cubic feet.
  
  
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• Dow scores 12th record close of 2024 ahead of U.S. inflation data
  U.S. stocks ended traded mixed on Monday, though the Dow booked another...
  U.S. stocks ended traded mixed on Monday, though the Dow booked another record-high close as investors awaited inflation data due later this week.
  
  The Dow Jones Industrial Average DJIA ended up 0.3%, according to preliminary closing data from FactSet.
  
  The S&P 500 SPX finished down 0.1%.
  
  The Nasdaq Composite COMP ended 0.3% lower.
  
  The S&P 500 rose 1.4% last week, ending Friday above the 5,000-point threshold for the first time. The Dow eked out a weekly gain of less than 0.1%, while the Nasdaq jumped 2.3%.
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