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• U.S. stocks close higher as S&P 500 leaves correction territory
  U.S. stocks closed higher Monday, with the S&P 500 exiting correction territory, as all three major...
  U.S. stocks closed higher Monday, with the S&P 500 exiting correction territory, as all three major indexes extended their three-week winning streak. The Dow Jones Industrial Average DJIA, 0.58% ended 0.6% higher, while the S&P 500 SPX, +0.74% gained 0.7%, and the Nasdaq Composite COMP, 1.13% climbed a sharp 1.1%, according to preliminary data from FactSet. The S&P 500 finished Monday at around 4,547, surpassing the level it needed to reach at closing to exit from correction territory it’s been in since Oct. 27, according to Dow Jones Market Data. Stocks fall into correction when they close at least 10% below a recent peak, and they exit that territory with a close of at least 10% above their correction low.
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• Hydrogen tax credit guidance may not arrive until 2024
  The Treasury Department is expected to release its guidance for the Inflation Reduction Act's hydrogen...
  The Treasury Department is expected to release its guidance for the Inflation Reduction Act's hydrogen tax credit by the end of 2023, but work has slowed due to differing opinions on which sources should qualify. Two sources familiar with the situation say the guidance could be delayed until 2024, but agency spokesperson Ashley Schapitl says it's still due to be released this year.
  
  Read Next: Why Oil And Gas Companies Are Considering Green Hydrogen
  
  
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• PE investors favor quality in oil and gas financing
  Private equity investors have raised the bar for oil and natural gas companies looking to secure financing,...
  Private equity investors have raised the bar for oil and natural gas companies looking to secure financing, yet ample capital remains available for high-caliber management teams with sound strategies, speakers said at a recent oil conference. They highlighted diverse investment opportunities in the Permian Basin and a preference for a capital-constrained environment and expressed confidence in the industry's long-term viability based on current demand trends.
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• The Market and Everything Else
  U.S. stocks edged higher Monday to begin a holiday-shortened week, as investors remained cheered by expectations...
  U.S. stocks edged higher Monday to begin a holiday-shortened week, as investors remained cheered by expectations that the Federal Reserve has finished raising rates.  But there are some major earnings reports on the way. Expectations are sky-high for Nvidia, the tech giant at the forefront of the AI gold rush. Retailers Kohl’s, Nordstrom, Lowe’s, and Best Buy will also report this week.
  
  The Chiefs and Eagles will meet on Monday Night Football. Depending on your perspective, it’s either a rematch of last season’s Super Bowl or a battle between Taylor Swift’s boyfriend and Taylor Swift’s boyfriend’s brother.
  
  Just in case we are your only source of information, Thanksgiving is on Thursday.
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• ☕️What Else is Brewing Monday Morning
  Citigroup layoffs coming today: A massive restructuring dubbed “...
  Citigroup layoffs coming today: A massive restructuring dubbed “Project Bora Bora” is expected to begin today at Citigroup and will ultimately result in thousands of jobs being cut, according to the Financial Times. CEO Jane Fraser hopes Citi’s first overhaul in almost two decades will revive its stock price, which has been the worst performer in the banking sector.
  
  Miss Nicaragua Sheynnis Palacios was crowned Miss Universe in a first for the Central American country.
  
  Max Verstappen won the Las Vegas Grand Prix in what turned out to be a thrilling race, despite the initial speed bumps and a class-action lawsuit.
  
  Sean “Diddy” Combs and Cassie reached a settlement agreement one day after Cassie filed a lawsuit alleging rape and physical abuse.
  
  Tiger Woods will play in the Hero World Challenge next Thursday, marking his first round of competitive golf since having ankle surgery following The Masters seven months ago.
  
  Australia beat India to win its sixth Cricket World Cup title in a match Neal actually watched and semi-understood.
  
  President Biden turns 81 today.
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