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• Dow, S&P 500 retreat from record highs after CPI report, with bank earnings next
  U.S. stocks logged a modest pullback Thursday, taking...

  U.S. stocks logged a modest pullback Thursday, taking a breather from a rally that saw the Dow and S&P 500 ring up another round of record closes a day before.

  
  

  The retreat for equities came in the wake of slightly stickier September inflation data and as investors gauged what sway that may have over the Federal Reserve's next interest-rate decision in November.

  
  

  The Dow Jones Industrial Average fell 57.88 points, or 0.1%, ending at 42,454.12.

  
  

  The S&P 500 shed 12 points, or 0.2%, closing at 5,780.05.

  
  

  The Nasdaq Composite dropped 9.57 points, or nearly 0.1%, finishing at 18,282.05.

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• Inflation Cools Slightly
  Consumer Price Index inflation data released on Thursday...

  Consumer Price Index inflation data released on Thursday showed that price increases did not moderate as much as expected in September, although they have still cooled significantly over the past two years.

  
  

  The report showed that overall inflation was 2.4 percent on an annual basis, down slightly from 2.5 percent previously. That was somewhat higher than economists had forecast, as monthly inflation came in warmer than expected.

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• 🔥Wildfires disrupt oil, gas extraction in N.D.
  Ongoing wildfires in North Dakota are expected to cut 60,000 to 90,000...
  Ongoing wildfires in North Dakota are expected to cut 60,000 to 90,000 barrels per day of the state's oil production and up to 0.26 Bcf/d of associated natural gas production, according to the North Dakota Pipeline Authority. ExxonMobil, one of the affected operators, is coordinating efforts to restart shut-in wells and facilities safely.
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• Princeton clears path for fossil fuel-funded research
  Princeton University has watered down a 2022 policy divesting and disassociating...
  Princeton University has watered down a 2022 policy divesting and disassociating its research from funding from fossil fuel interests due to concerns that practice has impeded progress on environmental issues. The update will not apply to the school's endowment, but will allow faculty members to accept funding at their discretion from fossil fuel companies for research "aimed towards the amelioration of the environmental harms of carbon emissions" as long as their findings can be made public.
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• ☕️What Else is Brewing Thursday Morning
  The Biden administration warned against price gouging during...
  The Biden administration warned against price gouging during the hurricane. Ahead of Milton’s landfall in Florida, FTC Chair Lina Khan said the agency was “hearing troubling reports of price gouging for essentials that are necessary for people to get out of harm’s way.” An official at the DOJ added that companies that use the natural disaster to jack up prices and exploit consumers are “on notice.” One item that’ll be scrutinized in the coming days is fuel: As of noon ET yesterday, almost 25% of Florida’s gas stations were out of gas, according to GasBuddy’s Patrick De Haan. Some major companies, such as airlines and retailers, told CNBC they froze their prices days prior to the storm’s arrival.
  
  Disneyland in California hiked prices on most tickets by 6% after Disney revealed its parks division missed earnings expectations last quarter.
  
  Boeing withdrew its contract offer as talks between the airplane manufacturer and the union representing 32,000 machinists on strike broke down this week.
  
  Melinda French Gates launched a $250 million fund “to do a better job of addressing the barriers to women’s health.”
  
  Mountain Dew unveiled a new logo that…actually features a mountain.
  
  
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