OklahomaMinerals.com

Snippets

• Inflation Holds Steady Ahead of Fed Meeting
  Inflation data released on Tuesday showed that...

  Inflation data released on Tuesday showed that price increases remained moderate in November, the latest sign that inflation has cooled substantially from its peak. That’s likely to keep the Federal Reserve on track to leave interest rates unchanged at its final meeting of the year, which takes place this week.

  
  

  The Consumer Price Index came out just as the Fed begins its two-day gathering, which will conclude with the release of an interest rate decision and a fresh set of quarterly economic projections at 2 p.m. on Wednesday. Jerome H. Powell, the Fed chair, is then scheduled to hold a news conference.

  Read More
• ☕️What Else is Brewing Tuesday Morning
  Macy's shares up 20% after $5.8B buyout offer from Arkhouse Management and Brigade...
  Macy's shares up 20% after $5.8B buyout offer from Arkhouse Management and Brigade Capital Management (More) | Occidental Petroleum to buy Permian oil producer CrownRock for $12B, including debt; deal expected to close in 2024 (More)
  
  The Texas Supreme Court ruled against a woman who sued for permission to get an abortion after her fetus was diagnosed with a fatal condition. But even before the ruling came out, she decided to leave the state for the procedure.
  
  Harvard President Claudine Gay is facing calls for her ouster after her disastrous appearance at a congressional hearing on campus antisemitism (UPenn’s president, who also appeared at the hearing, has resigned), but more than 600 faculty members also signed a letter to support her.
  
  Shohei Ohtani will receive only $2 million of his historic $70 million annual salary from the Dodgers per year, having deferred the rest until later so the team can have more flexibility in hiring.
  
  Paramount+ will officially become a linear cable channel next month, when Showtime gets rebranded as “Paramount+ with Showtime,” a name that’s already being used on the streaming side. As names go, it’s still better than just Max, we guess.
  
  Presidential hopeful Vivek Ramaswamy seems to have given listeners an unexpected kind of live stream, after getting caught on a hot mic apparently using the bathroom during a X Spaces event featuring Elon Musk, Alex Jones, Andrew Tate, and others.
  Read More
• Falling gasoline prices will help ease consumer inflation again in November
  Further declines in gasoline prices will bring down headline inflation in November, while core inflation,...
  Further declines in gasoline prices will bring down headline inflation in November, while core inflation, excluding food and energy prices, remains economists said. That should bring headline inflation down to 3.1% from 3.2% in the prior month.
  
  This is a replay of the prior month, when energy prices fell 2.5%, led by a drop of 5% in gasoline prices.
  
  The government will release the CPI data on Tuesday at 8:30 a.m. Eastern.
  
  According to a Wall Street Journal survey, economists expect headline inflation was unchanged in November, extending a stall that started in the prior month.
  Read More
• Closing Oil and Gas Prices
  Benchmark U.S. crude oil for January delivery rose...
  Benchmark U.S. crude oil for January delivery rose 9 cents to $71.32 per barrel Monday. Brent crude for February delivery rose 19 cents to $76.03 per barrel.
  
  Wholesale gasoline for January delivery fell 1 cent to $2.04 a gallon. January heating oil rose 3 cents to $2.61 a gallon. January natural gas fell 15 cents to $2.43 per 1,000 cubic feet.
  
  
  Read More
• Dow closes at highest in nearly 2 years as stocks climb for 3rd day
  U.S. stocks climbed for a third-straight day Monday, with the three main indexes closing at fresh 52-week...
  U.S. stocks climbed for a third-straight day Monday, with the three main indexes closing at fresh 52-week highs, as investors turned their attention to Tuesday’s inflation report and Wednesday’s Federal Reserve decision on interest rates. The S&P 500 SPX gained 18.02 points, or 0.4%, to 4,622.43. The Dow Jones Industrial Average DJIA, +0.43% gained 157.06 points, or 0.4%, to 36,404.93. The Nasdaq Composite COMP rose by 28 points, or 0.2%, to 14,432.49. For the Dow, Monday marked the highest close since Jan. 5, 2022, just one day removed from its all-time closing high. Notably, an index of semiconductor stocks finished at a fresh high on Monday, even as Nvidia Corp. NVDA and other mega-cap-tech names lagged in the red. Shares of Broadcom Inc. AVGO, +9.00% rose 9% to a record $1,029.24 a share, according to preliminary data.
  
  
  Read More

• Prev
• Next