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• 💰White House warns Ukraine funding is about to run out
  In letters to Congressional leaders, the White House’s budget chief, Shalanda Young, ...
  In letters to Congressional leaders, the White House’s budget chief, Shalanda Young, cautioned that if additional funding for Ukraine isn’t approved before the year ends, the US cannot continue equipping it to fend off Russia’s invasion. “There is no magical pot of funding available to meet this moment. We are out of money—and nearly out of time,” the letters said. Ukraine aid has become a political flashpoint that factored into the fight over the speaker of the House role, as some Republicans object to providing the nation with more cash or want the funds paired with other budgeting priorities like border security.
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• ☕️What Else is Brewing Tuesday Morning
  Brenda Lee’s "Rockin’ Around the Christmas Tree" tops Billboard's Hot 100 for...
  Brenda Lee’s "Rockin’ Around the Christmas Tree" tops Billboard's Hot 100 for the first time since its release 65 years ago marking Lee's first No. 1 hit since 1960 (More) | Taylor Swift is the first living artist to concurrently have five top 10 albums on the Billboard 200 (More)
  
  Israel continued its push into southern Gaza yesterday, escalating its attacks and leaving little room for civilians to flee even as it called for evacuations. A pair of US law professors found that bets against Israeli companies spiked before the October 7 attack by Hamas, suggesting that some investors may have known it was coming.
  
  Mark Zuckerberg sold Meta stock last month for the first time since November 2021. Zuck unloaded ~$185 million worth of shares after holding on to all his stock while the company struggled in 2022.
  
  Richard Branson said he won’t be putting more money into his space tourism company, Virgin Galactic, because it has “sufficient” funding, sending its stock plunging.
  
  Venezuelans voted Sunday to claim sovereignty over part of Guyana, intensifying a territorial conflict with their oil-rich neighbor.
  
  George Santos may be out of the House, but he is on Cameo, where his bio reads “former congressional ‘Icon.’”
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• Israeli Soldiers Start Invasion of Gaza’s South, Satellite Images Show
  The Israeli military has begun an invasion of...

  The Israeli military has begun an invasion of southern Gaza, according to a New York Times analysis of satellite imagery, evidence of a long-awaited operation that could decide the fate of its war with Hamas and create more peril for Palestinian civilians.

  
  

  After capturing large parts of northern Gaza since late October, Israeli troops have now advanced into the last section of the territory that had been under full Hamas control. Their move sets the stage for what is likely to be the decisive battle of the war: a showdown in Khan Younis, the largest city in the south, where Israeli officials believe Hamas’s military and political leadership has sought shelter since fleeing from the north.

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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for January delivery...
  Benchmark U.S. crude oil for January delivery fell $1.03 to $73.04 per barrel Monday. Brent crude for February delivery fell 85 cents to $78.03 per barrel.
  
  Wholesale gasoline for January delivery rose 1 cent to $2.13 a gallon. January heating oil was unchanged at $2.66 a gallon. January natural gas fell 12 cents to $2.69 per 1,000 cubic feet.
  
  
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• Dow pulls back from 2023 highs as small caps outperform
  U.S. stocks finished lower on Monday with the Dow pulling back from its 2023 highs, while a catch-up...
  U.S. stocks finished lower on Monday with the Dow pulling back from its 2023 highs, while a catch-up rally in small caps stretched to a fourth day. The S&P 500 SPX fell by 24.85 points, or 0.5%, to 4,569.78. The Nasdaq Composite COMP declined by 119.54 points, or 0.8%, to 14,185.49. The Dow Jones Industrial Average DJIA shed 41.06 points, or 0.1%, to 36,204.44. Market watchers blamed rising Treasury yields for the pullback in stocks, with the 10-year yield up more than 4 basis points at 4.266%. But while other indexes fell, the small-cap Russell 2000 RUT gained 16.76 points, or 0.8%, to 1,879.53. The small-cap index has outperformed the Nasdaq by more than 5.5 percentage points over the past four sessions, the best such stretch since June, according to Dow Jones Market Data.
  
  
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