Oil industry decries scaled-back offshore drilling plan
The Interior Department's five-year offshore oil and natural...
The Interior Department's five-year offshore oil and natural gas drilling plan, released on Friday, forgoes new leasing off the Alaska coast and includes just three Gulf of Mexico auctions in 2025, 2027 and 2029, the lowest number in history. American Petroleum Institute President and CEO Mike Sommers condemned the program as restrictive and "the latest tactic in a coordinated strategy to reduce energy production, ultimately weakening America's energy dominance, limiting consumers access to affordable reliable energy and compromising our ability to lead on the global stage."
The criminal trial that will determine whether former FTX CEO Sam Bankman-Fried committed massive fraud...
The criminal trial that will determine whether former FTX CEO Sam Bankman-Fried committed massive fraud while building his now-collapsed $32 billion crypto empire will begin tomorrow in New York. The charges, to which SBF has pled not guilty, carry a maximum sentence of 110 years in prison. Also tomorrow, author Michael Lewis will release his new book, Going Infinite, about SBF.
The Powerball jackpot has risen to more than $1 billion ahead of tonight’s drawing.
MLB playoffs begin this week with Wild Card Series games.
Tim Wakefield, the knuckleballer extraordinaire for the Red Sox, died at 57.
American golfers could not dig themselves out of an early hole and lost on European soil once again at a drama-soaked Ryder Cup.
U.S. stocks edging lower at open as bond yields rise after shutdown is averted
U.S. stock indexes opened mostly lower to start the month as Treasury yields resumed their climbs after...
U.S. stock indexes opened mostly lower to start the month as Treasury yields resumed their climbs after U.S. legislators were able to reach a temporary agreement that averted a government shutdown. The Dow Jones Industrial Average DJIA, -0.31% dropped 47 points, or 0.1%, to 33,463, while the S&P 500 SPX, -0.12% was off 0.1% and the Nasdaq Composite COMP, 0.41% was nearly flat. The U.S. Senate on Saturday night, with mere hours left before a midnight deadline for a federal government shutdown, voted to advance a short-term stopgap funding measure, which was then signed by President Joe Biden into law. The bill keeps the government open for 45 more days, an extended period that lawmakers can use to finalize funding legislation.
U.S. stock futures rise after government shutdown averted
U.S. stock-index futures surged higher Sunday night after Congress narrowly avoided a government shutdown...
U.S. stock-index futures surged higher Sunday night after Congress narrowly avoided a government shutdown on Saturday.
Dow Jones Industrial Average futures YM00, 0.57% rallied about 200 points, or 0.6% late Sunday. S&P 500 futures ES00, 0.59% and Nasdaq-100 futures NQ00, 0.76% also gained.
Anemic prices, weaker natural gas demand, and cooler weather...
Anemic prices, weaker natural gas demand, and cooler weather have brought Appalachian Basin gas production to an average just shy of 35.1 Bcf/d this month, reflecting a decrease from August's nearly two-year high of 35.3 Bcf/d, according to S&P Global Commodity Insights. Northeast gas demand has dropped from more than 18.5 Bcf/d in August to 15.9 Bcf/d since mid-September, while spot gas prices at the Eastern Gas South hub were as low as 80 cents on Friday.
