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• Oil Prices Set To Climb On Rumors That The Fed Will Stop Hiking Interest Rates
  Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher...
  Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship between rates and oil prices.
  
  Coupled with expectations for a rebound in oil demand in China, a lower rate hike and any other indication that the Fed may be preparing for a wind-down of its aggressive inflation control measures could lend additional upward potential to oil prices.
  
  There has also been added support for prices from the reported drone attacks on targets in Iran, suggesting a possible escalation in Middle Eastern tensions. The reports pushed oil prices higher in morning trade in Asia today, although prices have since fallen back.
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• ☕️What Else is Brewing Monday Morning
  A suspected Israeli drone strike targeted a military compound in Iran. The attack comes amid heightened...
  A suspected Israeli drone strike targeted a military compound in Iran. The attack comes amid heightened concern from Israel and the US over Iran’s nuclear development.
  
  Novak Djokovic cruised to his 10th Australian Open victory with a three-set win over Stefanos Tsitsipas. On the women’s side, Aryna Sabalenka won her first Grand Slam title.
  
  House Speaker Kevin McCarthy will meet with President Biden on Wednesday to discuss resolving the debt ceiling problem.
  
  Public health officials are raising concerns over a new strain of gonorrhea that evades drugs.
  
  
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• A huge week for the economy:
  Following its first meeting of the year on Wednesday, the Fed is expected to raise interest rates by...
  Following its first meeting of the year on Wednesday, the Fed is expected to raise interest rates by just 0.25%—a sign that its campaign to slow inflation is working. Also, the January employment report drops on Friday, which is projected to show sustained job growth despite all the layoff headlines.
  
  Big Tech earnings: There’s an earnings report for everyone this week, whether you’re curious about hardware (Apple), retail (Amazon), or saturated fats (McDonald’s). Plus, Meta and Alphabet will give us crucial insight into the teetering digital ad market.
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• Air Force general predicts US–China war.
  In a ...
  In a memo obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, wrote that his “gut” tells him that the US will go to war against China in 2025. Why that date? Taiwan’s election in 2024, combined with the US’ own election that year, will create ripe conditions for Chinese President Xi Jinping to attack Taiwan. President Biden has said several times that the US military would respond if China invaded Taiwan.
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• Exxon Mobil sets large-scale hydrogen plant start-up for 2027
  (Reuters) - Exxon Mobil Corp disclosed on Monday its plan to start operations at its large-scale hydrogen...
  (Reuters) - Exxon Mobil Corp disclosed on Monday its plan to start operations at its large-scale hydrogen plant in Texas in 2027 or 2028, Exxon's Low Carbon business president Dan Ammann told Reuters.
  
  The unit is part of Exxon's efforts to create a new business to make money out of reducing greenhouse gas emissions from other companies looking to decarbonize their own operations. Exxon estimates 10% or more return for the business.
  
  Exxon has budgeted $7 billion for hydrogen, carbon capture, and biofuel projects between 2022 and 2027. A final investment decision for the hydrogen project is expected by 2024.
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