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• ☕️What Else is Brewing Tuesday Morning
  Amazon plans mass corporate layoffs. The e-commerce...
  Amazon plans mass corporate layoffs. The e-commerce giant will cut up to 30,000 corporate jobs across departments, Reuters reported yesterday. That would make the terminations, set to start today, the largest corporate layoff in the company’s history, per CNBC, trumping the 27,000 it let go in 2022. Amazon employs 1.5+ million people overall, but only about 350,000 on the corporate side. Amazon CEO Andy Jassy has been looking to cut costs and simplify the company’s corporate organization, and he also predicted that AI would likely lead to a reduction in its corporate headcount.
  
  President Trump plans to pick Jerome Powell’s successor as Fed chair by the end of the year, and Treasury Secretary Scott Bessent confirmed a list of five finalists for the job. Powell’s term doesn’t end until May.
  
  Indiana’s Republican governor called a special legislative session to consider a redrawn congressional map that would give his party more seats.
  
  Elon Musk may leave Tesla if he’s not given a proposed $1 trillion pay package, the chair of the company’s board told shareholders in a letter urging them to vote in favor of the compensation terms.
  
  Argentina’s bonds, stocks, and currency popped yesterday after President Javier Milei’s party secured a resounding victory in its weekend election, likely ensuring continued US aid and chainsaw-like financial reforms.
  
  Roomba-maker iRobot hasn’t had luck finding a buyer, and the revelation sent its stock plummeting.
  
  Yellowstone creator Taylor Sheridan will be leaving Paramount’s ranch to work for NBCUniversal (though Paramount is keeping the rights to his hit series and its spinoffs).
  
  Game 3 of the World Series went 18 innings—the longest in WS history. The Los Angeles Dodgers won it, 6–5. They lead the Toronto Blue Jays two games to one.
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• DAILY OIL PRICE: October 27, 2025
  Crude Oil: 61.31   (-0.19)....
  
  
  • Crude Oil: 61.31   (-0.19).
  
  
  • Nymex MTD AVG: 59.8911.
  
  
  • Natural Gas: 3.442   (+0.138).
  
  
  • Gasoline: 1.9204   (-0.0023).
  
  
  • Spreads: December/January (+0.53)     January/February (+0.40).
  
  
  • Plains WTI Posting: 57.79   (-0.19).
  
  

  
  Source: Odessa American
  
  
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• U.S. stocks end at record highs as U.S.-China trade tensions ease
  U.S. stocks ended at record highs on Monday after the...

  U.S. stocks ended at record highs on Monday after the U.S. and China agreed on Sunday to a "framework" for a trade deal. At the same time, investors await earnings from Big Tech companies and decisions from the Federal Reserve's policy meeting, which concludes on Wednesday.

  
  

  The Dow Jones Industrial Average ended up roughly 0.7%, according to the preliminary closing data from FactSet.

  
  

  The S&P 500 closed up about 1.2%.

  
  

  The Nasdaq Composite finished about 1.9% higher.

  
  

  All three stock indexes ended at record closing highs and logged their third straight daily gains.

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• Hurricane Melissa Nears Jamaica as ‘Catastrophic’ Category 5 Storm
  Hurricane Melissa was churning near Jamaica early Monday...

  Hurricane Melissa was churning near Jamaica early Monday morning, hours after it rapidly intensified into a powerful Category 5 storm in the Caribbean.

  
  

  The hurricane is expected to move over or near Jamaica this week as early as Monday evening, before moving toward Cuba and the Bahamas. It is forecast to bring as much as 30 inches of rain to parts of Jamaica, and even more in some areas, over the next few days.

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• ExxonMobil sues California
  Exxon Mobil Corporation is suing the state of California over a pair...
  Exxon Mobil Corporation is suing the state of California over a pair of 2023 climate disclosure laws that the company says infringe upon its free speech rights, namely by forcing it to embrace the message that large companies are uniquely to blame for climate change.
  
  The oil and gas corporation based in Texas filed its complaint Friday in the U.S. Eastern District Court for California. It asks the court to prevent the laws from going into effect next year.
  
  In its complaint, ExxonMobil says it has for years publicly disclosed its greenhouse gas emissions and climate-related business risks, but it fundamentally disagrees with the state’s new reporting requirements.
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