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• Stocks close slightly higher but can't salvage losing week
  U.S. stocks finished modestly higher on Friday, but Wall Street...
  U.S. stocks finished modestly higher on Friday, but Wall Street still suffered a losing week amid renewed concerns that the Federal Reserve may keep interest rates higher for longer. The S&P 500 SPX booked a 1.3% weekly loss, while the Dow Jones Industrial Average DJIA fell 0.8% and the Nasdaq Composite COMP dropped 1.9% for the week. All three major indexes logged their worst weekly decline since August 18, according to Dow Jones Market Data. Meanwhile, investors looked ahead to inflation data, with readings on the consumer-price index and producer-price index next week expected to offer further clues on the central bank’s rate decision at its next policy meeting.
  
  
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• $100 oil within striking distance if momentum continues, analysts say
  Oil at $100 per barrel is a possibility if momentum in the crude market keeps going, according to Wall...
  Oil at $100 per barrel is a possibility if momentum in the crude market keeps going, according to Wall Street analysts.
  
  “The notion of $100/bbl has evolved from completely unimaginable a few short months ago, to within striking (or hyping) distance today,” Michael Tran and Helmina Croft at RBC Capital Markets wrote in a note to investors on Thursday.
  
  Friday morning, West Texas Intermediate is trading at $87.50, up 63 cents, while Brent Crude was up 75 cents at $90.67.
  
  
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• ‼️Energy execs sound alarm over refining constraints
  Fuel price instability is on the rise as the global refining...
  Fuel price instability is on the rise as the global refining system faces strain from underinvestment and increasingly common unexpected shutdowns, leading energy executives said at the APPEC conference in Singapore. "Everyone knows there's no plan B. We have no stocks, and we have no excess capacity anywhere," Gunvor Group's Frederic Lasserre commented.
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• ☕️What Else is Brewing Friday Morning
  American teenage tennis prodigy ...
  American teenage tennis prodigy Coco Gauff advances to women's US Open finals; see results here (More) | See latest bracket (More)
  
  Japan launches lunar lander in bid to become the fifth country to reach the moon behind the US, Russia, China, and India (More)
  
  Four former Navy officers allegedly involved in long-running bribery scandal have their convictions vacated due to prosecutorial misconduct (More) | Who was Fat Leonard? (More)
  
  Danny Masterson of That ’70s Show was sentenced to 30 years to life in prison for raping two women more than 20 years ago.
  
  Roku is laying off 10% of its workforce to reduce costs.
  
  Bruce Springsteen is postponing his September concerts while he undergoes treatment for peptic ulcer disease.
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• 🏈NFL Kicks Off
  The 2022-23 NFL season kicked off last night with the...
  The 2022-23 NFL season kicked off last night with the defending champion Kansas City Chiefs falling to the Detroit Lions in an upset, 21-20. Chiefs star quarterback Patrick Mahomes threw for two touchdowns and 226 yards, but also tossed a pivotal interception that was returned for a touchdown in the third quarter. The Chiefs had enter the season as the favorites to win Super Bowl LVIII, with Mahomes favored to be named MVP.
  
  The rest of the league gets underway beginning Sunday (see schedule). Notable matchups include the Washington Commanders first game under new ownership versus the Arizona Cardinals (1 pm ET, FOX), last year's runner-up Philadelphia Eagles visiting the New England Patriots (4:25 pm ET, CBS), and a divisional clash between the Dallas Cowboys and New York Giants (8:20 pm ET, NBC). 
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