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• Dow ends down 300 points Friday, suffers worst week since September
  U.S. stocks finished Friday’s choppy session with modest losses, capping off the worst week for stocks...
  U.S. stocks finished Friday’s choppy session with modest losses, capping off the worst week for stocks since September after a report on wholesale-price inflation challenged assumptions about slowing inflation in the U.S. The Dow Jones Industrial Average dropped 2.8% this week, its biggest pullback since at least the week ended Sept. 30, according to FactSet data. The blue-chip index finished Friday’s session DJIA, -0.90% down 305.02 points, or 0.9%, at 33,476.46. The S&P 500 SPX, -0.73% shed 29.13 points, or 0.7%, to 3,934.38, capping off a weekly drop of 3.4%, its biggest pullback since September. The Nasdaq Composite COMP, -0.70% fell 77.39 points, or 0.7%, to 11,004.62.
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• ☕️What Else is Brewing Friday Morning
  Maxine Waters, the chair of the House Financial Services Committee, said she ...
  Maxine Waters, the chair of the House Financial Services Committee, said she doesn’t plan to subpoena SBF to testify at next week’s hearing about FTX’s collapse.
  
  Iran executed a man who was arrested in relation to widespread anti-government protests. It’s the first (known) time the death penalty has been used in connection with the protests.
  
  Celine Dion said she has a rare neurological disorder that causes muscle spasms, and won’t be able to perform planned shows in Europe next year.
  
  George Newall, the co-creator of Schoolhouse Rock, died at 88.
  
  
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• Laredo Energy Turning into Vital Energy
  Laredo Energy has announced plans to rebrand as Vital Energy effective Jan 9. They will...
  Laredo Energy has announced plans to rebrand as Vital Energy effective Jan 9. They will trade on the NYSE under the ticker “VTLE.”
  
  “Our rebrand to Vital Energy in early 2023 reflects our mission and collective commitment to find new and creative ways to add value for all of our stakeholders,” said president and CEO Jason Piggott.
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• BlackRock's grave warning
   A worldwide recession is just around the corner, and BlackRock is expecting it to...
   A worldwide recession is just around the corner, and BlackRock is expecting it to bring more market turbulence than ever before.
  
  The global economy is leaving a four-decade stretch of stable growth and modest inflation to enter a period of massive upheaval and instability, BlackRock analysts wrote in the firm's 2023 Global Outlook.
  
  "Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," they said. "Central bankers won't ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don't yet reflect the damage ahead."
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• Russia's Impending Economic Shocks
  Russia's central bank just issued a warning about "new economic shocks" coming from sanctions. The...
  Russia's central bank just issued a warning about "new economic shocks" coming from sanctions. The recent implementation of the oil price cap, too, will weigh on the warring nation, according to a recent report out of Moscow. Get the full details here.
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