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• U.S. stocks open lower Monday with market volatility on the rise
  U.S. stocks opened mostly down Monday, with the S&P 500 drifting...
  U.S. stocks opened mostly down Monday, with the S&P 500 drifting lower after back-to-back weekly losses in a quiet day on the economic calendar. The Dow Jones Industrial Average DJIA was flat soon after the opening bell, while the S&P 500 SPX slipped 0.2% and the Nasdaq Composite COMP slid 0.4%. Last week the S&P 500 fell 0.3%, in a second straight weekly decline that brought the index’s losses so far this month to 2.7%
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• Oil prices slip as rising inflation boosts dollar, China fears weigh
  [London]-Oil prices fell slightly on Monday,...
  [London]-Oil prices fell slightly on Monday, coming under pressure from a stronger dollar amid signs of resurgent U.S. inflation, while concerns over slowing Chinese growth also dented sentiment.
  
  Losses in crude markets were limited as recent production cuts by Saudi Arabia and Russia pointed to tighter markets. Crude prices remained close to their strongest levels for the year.
  
  But while oil prices had a strong rally over the past two months, they faced some resistance in recent weeks as markets questioned the outlook for oil demand, amid worsening conditions in China and potentially higher U.S. interest rates.
  
  Brent oil futures fell 0.1% to $86.61 a barrel, while West Texas Intermediate crude futures fell 0.2% to $83.03 a barrel by 21:58 ET (02:58 GMT).
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• Chesapeake sells remaining Eagle Ford assets to SilverBow in $700M deal
  SilverBow Resources (NYSE:...
  SilverBow Resources (NYSE:SBOW) said Monday it agreed to acquire Chesapeake Energy's (NASDAQ:CHK) oil and gas assets in south Texas for $700M, which Chesapeake said brings the total proceeds from its Eagle Ford exit to more than $3.5B.
  
  The deal includes ~42K net acres and 540 wells in the condensate-rich portion of the Eagle Ford located in Dimmit and Webb counties, which averaged net production of 29K boe/day in Q2.
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• Strike Energy to Acquire Talon Energy
  Strike Energy Ltd. has entered into a binding...
  Strike Energy Ltd. has entered into a binding scheme implementation deed with Talon Energy Ltd. to acquire all issued shares of Talon, according to an Aug. 14 announcement by Strike.
  
  In addition, Talon will seek to demerge its Mongolian asset in a move that will potentially benefit its shareholders. The company made it clear, however, that there is no guarantee this demerger will take place, nor that it will provide additional value for its shareholders if it does, according to the announcement.
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• ☕️What Else is Brewing Monday Morning
  Mark Zuckerberg claimed Elon Musk wasn’t serious about their cage match and said it’s “time to...
  Mark Zuckerberg claimed Elon Musk wasn’t serious about their cage match and said it’s “time to move on.” Musk responded, “Zuck is a chicken.” 
  
  Miss Universe broke off ties with its Indonesian franchise after six contestants in the country claimed they were sexually abused.
  
  US Steel, a symbol of American industrial might in the early 20th century, is considering selling itself.
  
  The clean energy revolution is accelerating: Renewables are projected to surpass coal as the top electricity source in the world in 2025, per the NYT.
  
  Buffalo Bills safety Damar Hamlin played in his first football game since his cardiac arrest last season.
  
  
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