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• ☕️What Else is Brewing Friday Morning
  Big Tech earnings roundup. Alphabet, Microsoft, and...
  Big Tech earnings roundup. Alphabet, Microsoft, and Snap reported Q1 earnings yesterday, and the vibes were generally good. Alphabet issued its first-ever dividend and authorized $70 billion in stock buybacks after it beat Wall Street’s revenue expectations. Microsoft also beat revenue forecasts on the strength of its cloud services. And Snap shares soared after it topped estimates and impressed investors with its 422 million global daily active users. It was a much-needed boost for the sector after Meta spooked the market with how much it’s spending on AI gizmos.
  
  USC canceled its May commencement ceremony over worries that pro-Palestinian protesters would disrupt it.
  
  Southwest Airlines is pulling out of four US airports, including Houston’s George Bush Intercontinental Airport, amid Boeing’s delivery issues.
  
  The FCC voted to restore net neutrality, classifying the internet as a public utility, which will make it harder for providers to play favorites with certain websites.
  
  Haiti Prime Minister Ariel Henry resigned as the country is overrun with gang violence.
  
  The Chicago Bears selected USC quarterback Caleb Williams with the first overall pick in this year’s NFL Draft.
  
  
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery ...
  Benchmark U.S. crude oil for June delivery rose 76 cents to $83.57 per barrel Thursday. Brent crude for June delivery rose 99 cents to $89.01 per barrel.
  
  Wholesale gasoline for May delivery rose 3 cents to $2.76 a gallon. May heating oil was unchanged at $2.55 a gallon. May natural gas fell 1 cent to $1.64 per 1,000 cubic feet.
  
  
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• Dow ends sharply lower as stocks fall on weaker-than-expected U.S. GDP data
  U.S. stocks ended lower on Thursday after data showed that the U.S. economy...
  U.S. stocks ended lower on Thursday after data showed that the U.S. economy expanded at a modest 1.6% annual pace in the first three months of 2024, marking the weakest reading in almost two years.
  
  The Dow Jones Industrial fell 375.12 points, or 1%, to end at 38085.80. It was down 1.8% at its session low.
  
  The S&P 500 dropped 23.21 points, or 0.5%, to finish at 5048.42, snapping a three-session winning streak. The large-cap benchmark index was down as much as 1.6% at its low on Thursday.
  
  The Nasdaq Composite declined 100.99 points, or 0.6%, to close at 15611.76. The tech-heavy index was down 2.4% at its worst level on Thursday.
  
  
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• From Twitter: The upcoming presidential election in the U.S. will be heavily influenced by the prices at the gas pump
  The upcoming presidential election in...

  
  

  The upcoming presidential election in the U.S. will be heavily influenced by the prices at the gas pump, with new forecasts suggesting that the usual increase in prices during spring, leading up to the Memorial Day weekend, will happen sooner than expectedhttps://t.co/lse6IdRWeV

  
  — OilPrice.com (@OilandEnergy) April 24, 2024

  
  
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• Novo II Reloads, Aims for Delaware Deals After $1.5B Exit Last Year
  Novo Oil & Gas II is taking off and targeting Permian Basin acquisitions...
  Novo Oil & Gas II is taking off and targeting Permian Basin acquisitions after making a $1.5 billion exit last year.
  
  Novo Oil & Gas Holdings II LLC is launching with an equity capital commitment from private equity firm EnCap Investments, Novo announced on April 23. Financial terms of EnCap’s investment in Novo II were not disclosed.
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