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• ☕️What Else is Brewing Saturday Morning
  The best cities in America ...
  The best cities in America for coffee lovers.
  
  Microsoft is thisclose to completing its $69 billion takeover of Call of Duty-maker Activision Blizzard now that UK regulators gave the restructured deal a preliminary nod.
  
  Striking writers and Hollywood studios failed to reach a deal yesterday during a third consecutive day of bargaining, according to The Hollywood Reporter, but talks are expected to continue.
  
  McDonald’s is planning to raise its royalty fee for new franchise locations for the first time in 30 years.
  
  California will let insurers factor wildfire risks into home insurance prices to try to keep them from fleeing the disaster-prone state.
  
  A stake in the Golden State Warriors is for sale in a deal that values the team at $7 billion, Bloomberg reports. Not bad for a team purchased for ~$450 million in 2010.
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• Ukraine attacks Russian Black Sea navy HQ in Crimea
  Russia's Black Sea Fleet is headquartered in the occupied city of Sevastopol in Crimea, which Moscow...
  Russia's Black Sea Fleet is headquartered in the occupied city of Sevastopol in Crimea, which Moscow annexed in 2014. At least one Ukrainian cruise missile destroyed the top floors of the headquarters and caused a fire Friday. Ukraine has been targeting Sevastopol in recent weeks as it seeks to disrupt Russia's military operations. No casualties were reported.
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• US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks
  U.S. energy firms this week cut the total number of oil and natural...
  U.S. energy firms this week cut the total number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Sept. 22.
  
  The total oil and gas rig count, an early indicator of future output, fell by 11 to 630 in the week to Sept. 22, the lowest since February 2022.
  
  Baker Hughes said that puts the total rig count down to 134 rigs, or 18%, below this time last year.
  
  U.S. oil rigs fell by eight to 507 this week, their lowest since February 2022, while gas rigs dropped by three to 118.
  
  
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery rose 40 cents to $90.03 a barrel Friday. Brent crude for November delivery fell 3 cents to $93.27 a barrel.
  
  Wholesale gasoline for October delivery fell 6 cents to $2.56 a gallon. October heating oil fell 6 cents to $3.31 a gallon. October natural gas rose 3 cents to $2.64 per 1,000 cubic feet.
  
  
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• Stock retreat creates worst week for S&P 500, Nasdaq since March
  U.S. stocks capped off a rocky week by finishing lower on Friday...
  U.S. stocks capped off a rocky week by finishing lower on Friday after erasing their gains from earlier in the session as the Federal Reserve’s warning that it plans to keep interest rates higher for longer continued to reverberate across global markets.
  
  The S&P 500 SPX fell 10.17 points, or 0.2%, to finish Friday at 4,319.93. It marked the fourth straight session in the red, the longest streak of daily losses since early August. Also, the benchmark index fell 2.9% on the week, its biggest such drop since the week ended March 10, when the collapse of Silicon Valley Bank sparked a painful but short-lived selloff. The Nasdaq Composite COMP fell 12.18 points, or 0.1%, to 13,211.81, capping off a weekly loss of 3.6%, also the index’s worst since March 10. The Dow Jones Industrial Average DJIA fell 106.38 points, or 0.3%, to 33,964.44, falling 1.9% on the week, its worst in about a month. The S&P 500 and Nasdaq have now fallen during six of the last eight weeks.
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