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• ☕️ What Else Is Brewing Saturday Morning
  Friends star Matthew...
  
  
  • Friends star Matthew Perry died of “acute effects of ketamine” and subsequent drowning, an autopsy report said.
  
  
  • GM will lay off 1,300 workers in Michigan early next year because it’s ending production of the vehicles they make.
  
  
  • Amazon, Target, and Walmart are suspending sales of water beads marketed to children because the superabsorbent colorful balls pose a safety risk when swallowed.
  
  
  • Greek yogurt-maker Chobani has purchased coffee company La Colombe for $900 million in a rare deal involving two brands we really like.
  
  

  
  

  Israel accidentally killed three hostages. The Israeli army said yesterday that it had mistakenly killed three Israeli hostages in Gaza after misidentifying them as a threat during ground operations. The military said it was still investigating the “sad and painful event” but that it believed the three had escaped from or been abandoned by their captors.

  
  

  Shipping giants are avoiding the Red Sea. Following attacks on commercial ships by Houthi militants off the coast of Yemen, two of the world’s biggest shipping companies, Maersk and Hapag-Lloyd, said they have paused sending their ships through the Red Sea and will reroute around Africa.

  
  

  Rudy Giuliani ordered to pay $148 million for defaming election workers. A jury found the former NYC mayor should pay the sum to a pair of Georgia election workers he falsely accused of tampering with ballots to rig the 2020 election, including $75 million in punitive damages.

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• Closing Market Update
  (Friday market close) U.S. stocks...

  (Friday market close) U.S. stocks ended mixed Friday, but the S&P 500® index (SPX) and Nasdaq Composite® (COMP) still extended seven-week winning streaks behind encouraging signs on inflation and the economy and beliefs the Federal Reserve will pivot to interest rate cuts in 2024. The Dow Jones Industrial Average® (DJI) posted a record closing high for the third straight day.

  
  

  Here's where the major benchmarks ended:

  
  The S&P 500 index was down 0.36 points at 4,719.19, up 2.5% for the week; the Dow Jones Industrial Average was up 56.81 points (0.2%) at 37,305.16, up 2.9% for the week; the Nasdaq Composite was up 52.36 points (0.4%) at 14,813.92, up 2.8% for the week.
  
  The 10-year Treasury note yield(TNX) was down about 2 basis points at 3.913%.
  
  The Cboe® Volatility Index (VIX) was down 0.20 at 12.28.
  
  
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for January delivery...

  Benchmark U.S. crude oil for January delivery fell 15 cents to $71.43 per barrel Friday.

  
  

  Brent crude for February delivery fell 6 cents to $76.55 per barrel.

  
  

  Wholesale gasoline for January delivery rose 2 cents to $2.14 a gallon.

  
  

  January heating oil rose 3 cents to $2.62 a gallon.

  
  

  January natural gas rose 10 cents to $2.49 per 1,000 cubic feet.

  
  
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• Delaware Basin E&P Battalion Oil Acquired for $450 Million
  Public Permian player Battalion Oil...

  Public Permian player Battalion Oil Corp. is being acquired by a private E&P after continuing to explore strategic alternatives.

  
  

  Fury Resources Inc. will acquire all of Battalion’s outstanding common shares for $9.80 per share in cash, representing a total transaction value of approximately $450 million, the companies announced on Dec. 15.

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• Just Stop Oil Activist Jailed for Six Months
  A climate activist has been jailed for six months after pleading guilty to taking part...

  A climate activist has been jailed for six months after pleading guilty to taking part in a peaceful slow march protest on a London road.

  
  

  The sentence handed to Stephen Gingell, 57, is thought to be the first jailing under a new law that critics say makes anyone walking in a road liable for prosecution for “interference with key national infrastructure”.

  
  

  Section 7 of the Public Order Act 2023 bans any act that prevents newspaper printing presses, power plants, oil and gas extraction or distribution sites, harbors, airports, railways or roads “from being used or operated to any extent”, with a potential penalty of 12 months in jail.

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