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• Dow finishes up 300 points as stocks rally ahead of inflation report
  Stocks scored back-to-back gains on Tuesday as investors waited on an inflation...

  Stocks scored back-to-back gains on Tuesday as investors waited on an inflation update due Wednesday from the June consumer-price index. The Dow Jones Industrial Average posted a near 317-point gain, advancing 0.9%, to end near 34,260, according to preliminary FactSet data. That marks its biggest daily percentage gain since June 15, according to FactSet. The S&P 500 index closed up 0.7%, while the Nasdaq Composite Index gained 0.6%.

  
  

  Stocks have been on the upswing ahead of a key inflation reading for June, with the consumer price index expected to show further progress in retreat from its peak above 9% last summer. The Federal Reserve has indicated it likely has a few more rate hikes on tap this year to help bring inflation down toward its 2% annual target. Investors also will be tuning into second-quarter earnings, which kick off in earnest later in the week with results from some of the nation’s biggest banks.

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• Oil gains ground as output cuts, demand buoy prices
  Oil prices posted a modest rise during trading earlier today as markets digested the news that top oil...
  Oil prices posted a modest rise during trading earlier today as markets digested the news that top oil exporting nations like Saudi Arabia and Russia are to cut output and hopes grow for higher demand from developing nations in the second half of the year. West Texas Intermediate crude was up 0.7% at $73.47 a barrel while Brent crude futures rose by 0.6% to $78.15 a barrel.
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• From Twitter: ExxonMobil Signals Profit Drop, Cites Lower Prices
  @exxonmobil...

  
  

  @exxonmobil signals profit drop, cites lower prices
  Operating earnings dropped to about $7.8 billion, when surging oil and gas prices after Russia's invasion of Ukraine boosted global energy results to record levels.
  Read more on https://t.co/F1Gjv1sWnn#OGNews #profit pic.twitter.com/FiznawwAi1

  
  — OGN - Media for the Energy Future (@OGN_Online) July 11, 2023

  
  
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• ☕️What Else is Brewing Tuesday Morning
  Northwestern fired football coach Pat Fitzgerald, saying he failed to stop ...
  Northwestern fired football coach Pat Fitzgerald, saying he failed to stop widespread hazing in the program.
  
  Vladimir Putin met with Wagner boss Yevgeny Prigozhin after Prigozhin briefly turned his mercenary soldiers against Russia, the Kremlin said, making Prigozhin’s status following the mutiny even less clear.
  
  The New York Times is scrapping its sports desk and will instead rely on coverage from The Athletic, a website the paper bought for $550 million last year.
  
  Larry Nassar, the sports doctor convicted of sexually abusing gymnasts, including Olympic medalists, was stabbed in prison, the Associated Press reports.
  
  A flight from Houston to Amsterdam had to be diverted to Chicago after a passenger became unruly, reportedly because his first choice of meal was not available.
  
  
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• 🌧️Floods in the Northeast threaten lives and destroy roads
  Around 9 million people were under ...
  Around 9 million people were under flood warnings yesterday, and some areas experienced once-in-a-millennium levels of rainfall as storms that began on Sunday pummeled the Northeastern US. New York’s Hudson Valley, where at least one person died in the storm, and Vermont, where flash flood risks were high and rain fell at a rate of 1.5 inches per hour, were hit especially hard. Thousands of flights were canceled and delayed, and major roads were damaged and even washed away.
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