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• Coterra Energy Expands Permian Holdings with $43 Million Acquisition
  Coterra Energy Inc....

  Coterra Energy Inc. is expanding its investments in the Permian Basin by adding more assets to its $3.95 billion deal with Franklin Mountain Energy and Avant Natural Resources. Specifically, Coterra will purchase an additional 1,650 net royalty acres from Sandia Minerals LLC for $43 million, as disclosed in a December 31 SEC filing. These royalties were not part of its initial acquisition from Franklin Mountain. The purchase increases the total cost of the Franklin Mountain acquisition to $1.543 billion. This deal initially included 40.89 million shares of Coterra stock, valued at approximately $1 billion, and the separate deal with Avant is worth $1.45 billion. Collectively, these acquisitions will bring Coterra between 400 and 550 new net drilling locations, primarily located in Lea County, New Mexico.

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• Jobless claims drop to 8-month low to end 2024 as Low U.S. unemployment fuels economy
  Applications for unemployment benefits in the U.S. decreased to an eight-month...
  Applications for unemployment benefits in the U.S. decreased to an eight-month low following Christmas, ending the year with notably few layoffs, indicative of a resilient economy. In the last week of 2024, new jobless claims dropped by 9,000 to 211,000. This compares to 198,000 in the same period of 2023. Over the past three years, jobless claims have consistently stayed in the low 200,000s, reflecting strong sales that enable most businesses to retain employees and limit layoffs to a last resort amid steady economic growth. However, it's important to note that seasonal adjustments made during the holiday period starting at Thanksgiving can affect the accuracy of these figures, sometimes overstating changes in jobless claims.
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• Massive winter storm to spread snow and ice from Plains to East Coast
  A massive storm will spread snow and ice along a 1,500-mile-long zone...
  A massive storm will spread snow and ice along a 1,500-mile-long zone from vast portions of the Plains and Mississippi Valley to many areas of the Appalachians and the Atlantic coast from this weekend to early next week, AccuWeather meteorologists warn. Widespread travel problems will unfold and bitterly cold air will follow in many areas.
  
  The storm is shaping up to be the first widespread cross-country winter storm of the season for the central and eastern United States and will negatively affect travel during the final days of the holiday break.
  
  
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• ☕️What Else is Brewing Thursday Morning
  Markets: As a new year dawns on Wall Street, investors...
  Markets: As a new year dawns on Wall Street, investors are hoping it’ll be much like the last two. The S&P 500 soared more than 23% in 2024—about what it gained in 2023. That’s the first back-to-back years of 20%+ gains since 1997–1998. Analysts aren’t expecting a three-peat this year, but they are relatively bullish, forecasting a 10% rise, on average, for the S&P in 2025.
  
  The New York Stock Exchange will close next Thursday, Dec. 9, as part of a national day of mourning for former President Jimmy Carter, who died on Sunday at 100.
  
  An explainer of the visa debate that erupted among Trump supporters over the Christmas break.
  
  The new state laws that went into effect on Jan. 1.
  
  Commercial aviation had its deadliest year since 2018 following two crashes in the last weeks of December.
  
  The world’s 500 richest people gained $1.5 trillion in wealth last year, per Bloomberg. Collectively, their net worth reached $10 trillion for the first time.
  
  Here are the top food trend predictions for the coming year, including sauce-on-everything and savory coffee.
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• Ukraine Forces a Halt to Flow of Natural Gas From Russia to Europe
  The flow of natural gas through a major...

  The flow of natural gas through a major pipeline from Russia to Europe was cut off early Wednesday after Ukraine refused to renew an agreement that allowed for the transit of Russian gas through its territory, according to officials in both countries.

  
  

  The move to suspend the flow of gas through a pipeline that had carried Soviet and then Russian gas to Europe for decades is part of a broader campaign by Ukraine and its Western allies to undermine Moscow’s ability to fund its war effort and to limit the Kremlin’s ability to use energy as leverage in Europe.

  
  

  “This is a historic event,” Ukraine’s energy minister, Herman Galushchenko, said in a statement. “Russia is losing markets, it will suffer financial losses.”

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