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• US drillers Add Rigs
  U.S. energy firms added rigs this week,...

  U.S. energy firms added rigs this week, as the oil rig count rose by the most since February, energy services firm Baker Hughes said in its closely followed report on Friday.

  
  

  The combined oil and gas rig count, an early indicator of future output, rose two to 618 in the week to Nov. 17.  U.S. oil rigs rose by six to 500 this week, while gas rigs fell by four to 114, their lowest since early September.

  
  

  Data provider Enverus, which publishes its own rig count data, said drillers cut 13 rigs in the week ended Nov. 15, cutting the total to 690. Nevertheless, the overall count was still up about 2% in the last month but down 21% year-over-year.

  
  

  U.S. oil futures were down about 6% so far this year after gaining about 7% in 2022. U.S. gas futures, meanwhile, have plunged about 35% so far this year after rising about 20% last year.

  
  

  The total number of drilled but uncompleted (DUC) oil and gas wells dropped by 92 to 4,524 in October, the lowest since December 2013, according to the U.S. Energy Information Administration’s (EIA) Drilling Productivity Report.

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• Sam Altman steps down as CEO of OpenAI after board loses confidence
  In a shocking move that will reverberate across the business landscape, OpenAI’s board of directors ...
  In a shocking move that will reverberate across the business landscape, OpenAI’s board of directors pushed out CEO Sam Altman, one of the world’s most prominent tech executives. The company said that Altman “was not consistently candid in his communications with the board,” and thus the board lost its confidence in Altman’s ability to lead. OpenAI, and Altman, became household names this year after the company’s ChatGPT chatbot sparked a frenzy around the field of generative artificial intelligence. OpenAI, which has received $13 billion in investment from Microsoft, is reportedly valued at $86 billion. CTO Mira Murati will keep the CEO seat warm for now.
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• ☕️What Else is Brewing Saturday Morning
  Biden signs federal spending bill averting...
  Biden signs federal spending bill averting government shutdown. President Joe Biden signed the short-term stopgap measure to fund two tranches of federal government programs through Jan. 19 and Feb. 2. His signing comes after the Senate passed the bill by a vote of 87 to 11 and the House passed it by a vote of 336 to 95 this week. 
  
  Amazon is laying off several hundred employees in its Alexa department. The company has also said workers who skirt its return-to-office mandate may not get promotions.
  
  Sean Combs settled a lawsuit brought by the singer Cassie accusing him of rape and abuse one day after she filed it.
  
  Former First Lady Rosalynn Carter, who is 96, has entered hospice care. Her husband, former President Jimmy Carter, 99, began hospice care in February.
  
  YouTube is testing a tool that lets you use AI to mimic celebrity singers, with stars like Demi Lovato and John Legend on board.
  
  The Cincinnati Bengals said quarterback Joe Burrow is out for the rest of the season because of a torn ligament in his right wrist, in what’s starting to look like a cursed NFL season.
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• SpaceX Starship Launch Elon Musk’s Giant Moon and Mars Rocket Makes Progress in 2nd Test Flight
  SpaceX’s Starship, the most powerful rocket...

  SpaceX’s Starship, the most powerful rocket ever built, lifted off for a second test flight on Saturday but lost contact after reaching an altitude of about 90 miles above Earth. Engineers said they believed an automated detonation occurred.

  
  

  The nearly 400-foot-tall vehicle is being built to carry astronauts to the moon for NASA, and perhaps some day to send humans to Mars.

  
  
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• Short-seller Jim Chanos to close hedge funds, return cash to investors: WSJ
  Legendary short-seller Jim Chanos told the Wall Street Journal Friday that he...
  Legendary short-seller Jim Chanos told the Wall Street Journal Friday that he is closing his hedge funds, saying that “the marketplace for what I do has changed.” Chanos expects to return most of his investors’ cash by Dec. 31, the newspaper said. The short-seller famously detected issues with Enron Corp.’s filings two decades ago and earlier this year took on Tesla Inc. TSLA, +0.30%, but his funds had dwindled. Chanos & Co. manages less than $200 million currently, from $6 billion in 2008, the Journal said. Chanos’ funds are down 4% so far this year, while the S&P 500 index SPX, +0.13% has gained more than 17% and Tesla is up 90% in the same timeframe.
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