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• EU Raised Interest Rates on Thursday
  The European Central Bank raised interest rates by 75 basis points on Thursday, ...
  The European Central Bank raised interest rates by 75 basis points on Thursday, mirroring the Federal Reserve and continuing the trend of economies around the world grappling with rising rates and rampant inflation.
  
  The move comes as a step "to dampen demand and guard against the risk of a persistent upward shift in inflation expectations," the central bank said in a statement.
  
  The hike — the ECB's largest ever — is the second in as many meetings this summer, and comes as inflation in the Eurozone hit 9.1% in August, up from 8.9% in July.
  
  And the bank signaled that there's more hawkishness to come as the continent faces economic and geopolitical uncertainty.
  
  War in Ukraine and tight energy markets have weighed on consumers too, with both food and power prices soaring in recent months.
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• Devon among companies hoping to bring tech to Okla. oil
  Devon Energy has partnered with nonprofit Tulsa Innovation Labs and other energy companies, including...
  Devon Energy has partnered with nonprofit Tulsa Innovation Labs and other energy companies, including Williams Cos. and Oneok, to bring nearly 2,000 energy-tech jobs to Oklahoma within the next decade. "[Energy companies] will evolve into more tech-based companies, and that requires a different organizational structure, different talent and different R&D spending," said Tulsa Innovation Labs co-founder Nick Lalla.
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• What Else is Brewing Friday Morning
  A county administrator in Las Vegas was arrested in connection with the stabbing murder of Las Vegas Review-Journal investigative reporter Jeff German.
  
  Bernard Shaw, CNN’s first chief anchor who served in the role for 20 years, died at 82.
  
  Retailers such as Blue Apron have pulled lobster from their menus after a conservation group said the lobster fishing industry poses a significant threat to the rare North Atlantic right whale.
  
  BetMGM is opening a sports betting facility just outside the Arizona Cardinals stadium, an NFL first.
  
  
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• Stock-market futures point to third straight day of Wall Street gains
  U.S. stock index futures were pointing Friday to the third day of gains, as investors bet that tough...
  U.S. stock index futures were pointing Friday to the third day of gains, as investors bet that tough talk from Federal Reserve officials now won’t prevent a pivot down the road.
  

  What’s happening

  
  

  
  
  • Futures on the Dow Jones Industrial Average YM00, 0.70% rose 228 points, or 0.7%, to 32089.
  
  
  • Futures on the S&P 500 ES00, 0.77% gained 30.5 points, or 0.8%, to 4036.
  
  
  • Futures on the Nasdaq 100 NQ00, 0.98% increased 118.25 points, or 1%, to 12516.
  
  

  
  On Thursday, the Dow Jones Industrial Average DJIA, +0.61% rose 193 points, or 0.61%, to 31775, the S&P 500 SPX, +0.66% increased 26 points, or 0.66%, to 4006, and the Nasdaq Composite COMP, +0.60% gained 70 points, or 0.6%, to 11862.
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• U.S. stocks close higher as investors weigh Powell’s comments on more rate hikes
  U.S. stocks finished higher on Thursday, notching their first back-to-back gains since Aug. 25 after...
  U.S. stocks finished higher on Thursday, notching their first back-to-back gains since Aug. 25 after a volatile session that saw the Dow Jones Industrial Average swing more than 460 points from peak to trough. Stocks seemed to shrug off hawkish commentary from Federal Reserve Chairman Jerome Powell, along with the European Central Bank's largest interest-rate hike since the early days of the euro. Some market strategists said the rebound was the result of stocks falling into 'oversold' territory. The S&P 500 SPX, 0.66% climbed 26.31 points, or 0.7%, to 4,006.18, while the Dow Jones Industrial Average DJIA, 0.61% finished 193.24 points, or 0.6%, higher at 31,774.52. The Nasdaq Composite COMP, 0.60% advanced 70.23 points, or 0.6%, to 11,862.13.
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