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• ☕️What Else is Brewing Thursday Morning
  Huge news for your friend who takes any opportunity to humble-brag that...
  Huge news for your friend who takes any opportunity to humble-brag that they “aren’t really on TikTok.” In a rare bipartisan move, the House passed legislation to effectively ban TikTok in a 352–65 vote yesterday.
  
  Getting through the House is the furthest that federal legislation targeting TikTok has gone since lawmakers started questioning whether the app’s Chinese ownership hurts national security. But the bill, which would require TikTok’s parent company, ByteDance, to sell or shut down the app, now faces the Simon Cowell of the legislative branch: the Senate.
  
  Adidas posted its first annual loss in 30 years and warned that US sales are hurting. Some of the company’s struggles stem from its costly breakup with rapper Ye as it sells off the last of the Yeezy line.
  
  The first rocket launched by Japan’s Space One exploded seconds after launch. (Check out a video here.) The startup wants to be the first Japanese company to get a satellite into space.
  
  SpaceX, which has its own history of exploding rockets, may try for its third launch this morning.
  
  Trader Joe’s said its popular mini canvas totes will be back in stores this summer. Meanwhile, the currently sold-out status symbols are listed for hundreds of dollars on eBay.
  
  A hiker discovered a mysterious monolith on a mountain in Wales in what sure feels like a throwback to 2020.
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• EIA: Dec. was a record month for US propane exports
  Increased demand from East Asia pushed US propane exports to an all-time...
  Increased demand from East Asia pushed US propane exports to an all-time high of 1.9 million barrels per day in December, according to the Energy Information Administration. US propane exports to Asia climbed by 25%, or 190,000 bpd, year over year in 2023, with China, Japan and South Korea as the top destinations.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for April delivery...
  Benchmark U.S. crude oil for April delivery rose $2.16 to $79.72 per barrel Wednesday. Brent crude for May delivery rose $2.11 to $84.03 per barrel.
  
  Wholesale gasoline for April delivery rose 7 cents to $2.66 a gallon. April heating oil rose 7 cents to $2.69 a gallon. April natural gas fell 5 cents to $1.66 per 1,000 cubic feet.
  
  
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• Dow ekes out 3rd straight day of gains, while S&P 500 retreats from record high
  U.S. stocks finished mixed on Wednesday as investors digested gains from...
  U.S. stocks finished mixed on Wednesday as investors digested gains from the previous session that had propelled the S&P 500 to its 17th record high of the year.
  
  The Dow Jones Industrial Average DJIA closed up by 0.1% at roughly 39,044, based on preliminary data. It had risen by almost 200 points to an intraday high of 39,201.94 earlier in the day.
  
  The S&P 500 SPX ended down by 0.2% at around 5,165.
  
  The Nasdaq Composite COMP finished 0.5% lower at around 16,178.
  
  On Tuesday, the three stock indexes had booked their largest one-day point and percentage gains since Feb. 22, according to Dow Jones Market Data. The S&P 500 added 1.1% to close at 5,175.27, while Dow industrials rose 0.6% and the Nasdaq climbed 1.5%.
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• Biden and Trump clinch nominations, setting up election rematch
  WASHINGTON — President Joe Biden and former President Donald Trump...
  WASHINGTON — President Joe Biden and former President Donald Trump clinched their parties’ presidential nominations Tuesday with decisive victories in a slate of low-profile primaries, setting up a general election rematch that many voters do not want.
  
  There is no longer any doubt that the fall election will feature a rematch between two flawed and unpopular presidents. At 81, Biden is already the oldest president in U.S. history, while the 77-year-old Trump is facing decades in prison as a defendant in four criminal cases. Their rematch — the first featuring two U.S. presidents since 1912 — will almost certainly deepen the nation’s searing political and cultural divides over the eight-month grind that lies ahead.
  
  Source: MarketWatch.com
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