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• ☕️What Else is Brewing Thursday Morning
  Read: Americans are losing faith in the value of college. Whose fault is that? (...
  Read: Americans are losing faith in the value of college. Whose fault is that? (New York Times)
  
  Elon Musk borrowed $1 billion from SpaceX right around the time he bought Twitter, the WSJ reports.
  
  WeWork plans to renegotiate nearly all of its leases and pull out of “unfit and underperforming locations” in an effort to stay afloat.
  
  Demand for mortgages fell to its lowest level since December 1996 last week, despite a slight dip in rates.
  
  Bill Gates, or at least his foundation, bought $95 million worth of Anheuser-Busch stock last quarter even as Bud Light lost its spot as America’s top-selling beer.
  
  Spanish soccer star Jenni Hermoso filed a sexual assault complaint with prosecutors over the unwanted post-victory kiss at the World Cup from now-suspended national soccer federation President Luis Rubiales.
  
  
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• U.S. first-time unemployment claims fall to lowest level since February
  The numbers: Initial jobless benefit claims...
  The numbers: Initial jobless benefit claims fell by 13,000 to 216,000 in the week ended Sept. 2, the U.S. Labor Department said Thursday.  This is the lowest level since mid-February. Claims have fallen for four weeks in a row.
  
  Economists polled by The Wall Street Journal had estimated new claims would rise 2,000 to 230,000. Last week claims fell a revised 3,000 to 229,000. That compared with the initial estimate of a decrease of 4,000 to 228,000.
  
  Key details:  The number of people already collecting jobless benefits in the week ended Aug. 26 fell by 40,000 to 1.68 million.
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• Closing Oil and Gas Prices for Wednesday
  Oil futures settled higher on Wednesday, with U.S. prices posting...
  Oil futures settled higher on Wednesday, with U.S. prices posting a ninth consecutive climb — the longest streak of daily gains since early 2019.
  
  Prices for U.S. and global benchmark crude futures marked fresh settlement highs for the year so far, following the recent extension of supply cuts by Saudi Arabia and Russia.
  
  Benchmark U.S. crude oil for October delivery rose 85 cents to $87.54 a barrel Wednesday. Brent crude for November delivery rose 56 cents to $90.60 a barrel.
  
  Wholesale gasoline for October delivery rose 2 cents to $2.60 a gallon. October heating oil fell 3 cents to $3.19 a gallon. October natural gas fell 7 cents to $2.51 per 1,000 cubic feet.
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• U.S. stocks end lower as tech sector drops sharply amid rising bond yields
  U.S. stocks finished lower Wednesday, with shares of technology...
  U.S. stocks finished lower Wednesday, with shares of technology companies dropping sharply, as the S&P 500 booked back-to-back losses amid a rise in Treasury yields. The Dow Jones Industrial Average DJIA fell 0.6%, while the S&P 500 SPX dropped 0.7% and the tech-heavy Nasdaq Composite COMP sank 1.1%. Information technology was the S&P 500’s worst-performing sector on Wednesday with a loss of around 1.4%. In the U.S. bond market, the yield on the 10-year Treasury note rose for a third straight day on Wednesday to 4.289%, according to Dow Jones Market Data.
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• Analyst expects energy's leadership to grow, led by oil
  The energy sector's market leadership is set to grow, says technical analyst Johnathan Krinsky, chief...
  The energy sector's market leadership is set to grow, says technical analyst Johnathan Krinsky, chief market technician at BTIG, who notes a recent rise in crude oil prices as evidence, and points out that "WTI (West Texas Intermediate) put in consecutive closes above $83, including a weekly close, for the first time since last November," ending the week on its highest point this year at $85.50 a barrel. Krinsky and other analysts note a golden cross forming on the commodity's chart, which suggests further rises are imminent, and his reading also indicates emerging strength across the sector.
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