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• Market Outlook
  Before the opening bell: US stock futures ...
  Before the opening bell: US stock futures rise early Wednesday as investors await data on gross domestic product and wholesale inventories.
  
  Deutsche Bank says the S&P 500 will hit an all-time high in 2024. The bank’s strategists said they see the index hitting 5,100 points by the end of 2024, a 12% bump from its current level. It’s the latest firm to turn bullish on the stock market’s future.
  
  The CBOE Volatility Index VIX, a gauge of expected stock-market volatility over the coming 30 days, has been trading below the 13 mark since last Friday, when it closed at 12.46, its lowest finish since Jan. 17, 2020, according to Bespoke Investment Group.
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• ☕️What Else is Brewing Wednesday Morning
  Mark Cuban just showed everyone why he’s the shark with the sharpest teeth. The Cubes is selling his...
  Mark Cuban just showed everyone why he’s the shark with the sharpest teeth. The Cubes is selling his majority stake in the NBA’s Dallas Mavericks to the casino tycoon Adelson family at a valuation of around $3.5 billion—while maintaining full control of basketball operations, per Shams Charania of The Athletic.
  
  In 2000, Cuban purchased the team for $285 million.
  
  Pair his Mavericks sale with recent news that Cuban is leaving Shark Tank after next season, and you might be thinking: “He’s running.” Well, prediction markets currently put a presidential campaign at 25%.
  
  Google’s first-of-its-kind geothermal power plant is now up and running in Nevada.
  
  The presidents of Harvard, MIT, and Penn will appear before Congress next week to address antisemitism on their campuses.
  
  Virgin Atlantic flew the first transatlantic commercial flight using 100% sustainable fuel, from London to New York.
  
  Rupert Murdoch was deposed yesterday as part of Smartmatic’s $2.7 billion defamation lawsuit against Fox News.
  
  The 41 trapped construction workers in India are finally free after surviving in a collapsed Himalayan road tunnel for more than two weeks.
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• SPR refill program taking longer than planned
  The Energy Department's Strategic Petroleum Reserve refill strategy, reliant on oil companies repaying...
  The Energy Department's Strategic Petroleum Reserve refill strategy, reliant on oil companies repaying exchange barrels, is facing setbacks as oil companies gain US approval to defer the return of about 5 million borrowed barrels until 2024 and 2025. Meanwhile, disputes over price and quality are hindering the Energy Department's direct crude purchases for the reserve, leaving the nation vulnerable to supply disruptions.
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• Charles T. Munger, Much More Than Warren Buffett’s No. 2, Dies at 99
  Charles T. Munger, who quit a well-established law career to be Warren...

  Charles T. Munger, who quit a well-established law career to be Warren E. Buffett’s partner and maxim-spouting alter-ego as they transformed a foundering New England textile company into the spectacularly successful investment firm Berkshire Hathaway, died on Tuesday in Santa Barbara, Calif. He was 99.

  
  

  His death, at a hospital, was announced by Berkshire Hathaway. He had a home in Los Angeles.

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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for January delivery...
  Benchmark U.S. crude oil for January delivery rose $1.55 to $76.41 per barrel Tuesday. Brent crude for January delivery rose $1.70 to $81.68 per barrel.
  
  Wholesale gasoline for December delivery rose 5 cents to $2.23 a gallon. December heating oil rose 7 cents to $2.91 a gallon. December natural gas fell 8 cents to $2.71 per 1,000 cubic feet.
  
  
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