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• U.S. stocks close sharply higher to end rough week, as gold settles above $3,000
  The U.S. stock market closed sharply higher on Friday...

  The U.S. stock market closed sharply higher on Friday in a big, broad rebound to mark the end of a bruising week that saw the S&P 500 land in correction territory amid tariff worries.

  
  

  The S&P 500 climbed 117.42 points on Friday, or 2.1%, to finish at 5,638.94.

  
  

  The Dow Jones Industrial Average rallied 674.62 points, or 1.7%, to close at 41,488.19.

  
  

  The Nasdaq Composite jumped 451.07 points, or 2.6%, to end at 17,754.09.

  
  

  For the week, the Dow fell 3.1%, the S&P 500 shed 2.3% and the technology-heavy Nasdaq dropped 2.4%. The Dow booked its biggest weekly loss since March 2023, while the S&P 500 and Nasdaq each dropped a fourth straight week for their longest losing streaks since August, according to Dow Jones Market Data.

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• Spring Storms
  Most of the contiguous US will face severe weather today...

  Most of the contiguous US will face severe weather today and tomorrow as a vast low-pressure system moves east across the continent, bringing heavy precipitation, potential tornadoes, and wildfire conditions. The National Weather Service’s Storm Prediction Center issued a moderate risk (level 4 of 5) for severe thunderstorms alert, a rare call made three days in advance (the first in three years).

  
  Rain and snow swept through much of California yesterday, prompting flash flood warnings in the southern portions of the state and making travel nearly impossible in the north. Thunderstorms are expected today across the Mississippi, Tennessee, and Ohio river valleys, with meteorologists predicting dozens of tornado sightings in the region. Dry conditions combined with 70 mph winds in the Plains pose a heightened risk for wildfires, with snow possible in the Upper Plains states.
  
  A weakened system will reach the lower Eastern Seaboard by Sunday. See storm updates here.
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• Citadel Buys Haynesville E&P Paloma Natural Gas for $1.2B
  Analysts reported that hedge fund giant Citadel has acquired Haynesville...
  Analysts reported that hedge fund giant Citadel has acquired Haynesville Shale E&P Paloma Natural Gas for $1.2 billion. The company has assets in Caddo, De Soto, Bossier, Sabine, Red River, Webster, and Bienville parishes, Louisiana, and produced nearly 140 Bcf of natural gas in 2024, or about 382.25 MMcf/d.
  
  According to sources familiar with the transaction, the transaction includes acreage, producing assets, and approximately 60 undeveloped Haynesville locations.
  
  Paloma acquired the Haynesville assets of Goodrich Petroleum Corp. for $480 million in cash in 2021.
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• Longest sand conveyor belt in the US
  Atlas Energy Solutions, a Texas-based oil company, has built a $400 million conveyor belt that stretches...
  Atlas Energy Solutions, a Texas-based oil company, has built a $400 million conveyor belt that stretches for 42 miles across state lines into New Mexico, transporting millions of tons of sand for fracking. The snaking behemoth, which the company named the “Dune Express,” delivers sand more safely and efficiently than hauling it in trucks.
  
  
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• Putin waffled on the Ukraine ceasefire deal
  Depending on which headline you read, Russian leader Vladimir Putin either...
  Depending on which headline you read, Russian leader Vladimir Putin either did or did not accept the terms of a US-backed ceasefire in Ukraine—his position was fuzzy. Putin claimed he supports “the idea” of a ceasefire, but said there are still “questions” to be answered, appearing to reject an immediate end to the fighting. The proposal, which Russian officials allege would give Ukraine time to regroup, would see all military activities cease for at least 30 days while prisoners were exchanged and civilian detainees released. Analysts remain skeptical that Russia will agree to or comply with a deal that Ukraine has agreed to.
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