🔔Before the opening bell:US stock futures fall early Monday after Moody’s on Friday lowered its US credit rating outlook to negative from stable.
October’s CPI data is expected to be announced Tuesday at 8:30 AM, giving investors and policymakers alike a look into a probable decline in inflation, along with getting expectations of how the Federal Reserve will react to the data. Forecasts from the Cleveland Fed expects CPI to rise at a 0.07% monthly rate for October.
Oil prices declined last week after weak economic data from China spurred concerns over demand for oil. While further supply cuts from Saudi Arabia and OPEC nations are expected later this year, energy stocks took a tumble last week.
Iceland said there was a “considerable” risk of a volcanic eruption in the southwest part of the island in the coming days following a series of earthquakes and the increased spread of magma underground. A town of 3,000 people was told to evacuate ahead of the expected eruption, but flights at the international airport, also in the vicinity, were operating as usual. The Reykjanes Peninsula—the area in question—had not experienced volcanic activity for 800 years before an eruption in 2021.
Government shutdown looms: Tell us if you’ve heard this one before—the government...
Government shutdown looms: Tell us if you’ve heard this one before—the government is set to shut down at midnight on Friday, and lawmakers are scrambling to pass a spending bill to keep the government open. On Saturday, House Speaker Mike Johnson unveiled a complex plan to fund the federal government; a vote could come as soon as tomorrow.
A study showed the weight loss drug Wegovy—a high-dose version of the diabetes treatment Ozempic—reduced the risk of serious heart problems and stroke by 20%.
The FBI is investigating whether NYC Mayor Eric Adams pushed for the opening of a Manhattan high-rise built by the Turkish government in 2021, before his election.
Texas A&M fired head football coach Jimbo Fisher and will have to pay him the more than $76 million remaining on his contract through 2031.
Calif. facility pulls greenhouse gases out of the air
The Central Valley of California is the site of the first US plant that sucks carbon dioxide from the...
The Central Valley of California is the site of the first US plant that sucks carbon dioxide from the skies for the purpose of sealing it permanently in concrete. Heirloom Carbon Technologies hopes to spread its technology by "copying and pasting this basic design" to harvest millions of tons of greenhouse gases. A plant similar to Heirloom's is operating in Iceland.
Escalating fees and restrictions are prompting liquefied natural gas shippers to choose longer routes...
Escalating fees and restrictions are prompting liquefied natural gas shippers to choose longer routes that bypass the Panama Canal. Bloomberg data show that the Cape of Good Hope has emerged as the preferred route among LNG shippers for the first time in two years.
