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• Deutsche Bank said the US is spiraling toward a deeper recession than previously expected
  Deutsche was the first big bank to predict a US recession in April, and now it's heightening its warning...
  Deutsche was the first big bank to predict a US recession in April, and now it's heightening its warning signals. Get the full details on the report.
  
  Meanwhile, Morgan Stanley's Mike Wilson said US stocks could crash another 20%. Wilson, who correctly predicted the current sell-off, said indexes have further to fall as inflation puts added pressure on company earnings. He's anticipating markets will stay in the red even if the economy avoids a recession. 
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• Continental shares drop again in light of Hamm’s acquisition offer
  Harold Hamm’s offer to take Continental Resources Inc. private with an offer of $70...
  Harold Hamm’s offer to take Continental Resources Inc. private with an offer of $70 a share, a bid that will cost him an estimated $4.4 billion in cash, is looking better following Tuesday’s close of trading on Wall Street.
  
  Continental Resources closed down 84 cents or 1.28% and settled at $66.67 a share or more than $3 less than what Hamm offered last week to the company’s board of directors.
  
  The day’s range of Continental shares didn’t come close to $70 and included a low of $65.90 and a high of $67.83.
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• Spicewood Mineral Partners Closes Initial $250 Million Fund Above Target
  Spicewood Mineral Partners recently closed on its initial fund, which the Dallas-based...
  Spicewood Mineral Partners recently closed on its initial fund, which the Dallas-based firm said was  “substantially oversubscribed,” with total capital commitments exceeding its target of $200 million.
  
  A U.S. mineral and energy investment firm, Spicewood has been acquiring royalties since 2016 and is currently focused on purchasing royalty interests in the Permian Basin, Eagle Ford Shale, Haynesville Shale and Appalachian region.
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• What Else is Brewing Wednesday Morning
  The Biden administration is pushing forward with a proposed rule that would shrink the amount of nicotine in cigarettes to minimal levels.
  
  Cleveland Browns QB Deshaun Watson settled 20 of the 24 sexual misconduct lawsuits filed against him.
  
  Hong Kong’s Jumbo Floating Restaurant, which was exactly what it sounds like, sank in the South China Sea after encountering “adverse conditions” and taking on water.
  
  Rail workers in the UK walked off the job in the biggest such strike in 30 years.
  
  Broadway will lift its audience mask mandate on July 1.
  
  A ketchup popsicle. In or out?
  
  
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• Dow ends up over 600 points as stocks bounce back after worst week since 2020
  The U.S. stock market closed sharply higher Tuesday, with the S&P 500 bouncing from its worst week...
  The U.S. stock market closed sharply higher Tuesday, with the S&P 500 bouncing from its worst week since March 2020 as investors bought the dip amid concerns of an economic slowdown. The Dow Jones Industrial Average DJIA, +2.15% jumped around 643 points to close more than 2% higher, while the S&P 500 SPX, +2.45% and Nasdaq Composite COMP, +2.51% each gained around 2.5%, according to preliminary FactSet data. Economic data released Tuesday showed that existing home sales in the U.S. fell 3.4% in May, a fourth straight month of declines amid rising mortgage rates.
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