Crude-oil futures finished Monday at their lowest price in a week, with production in Libya, Norway and the Gulf of Mexico set to recover.

Libya lifted force majeure at its largest oil field, producers began restoring output in the Gulf of Mexico following Hurricane Delta, and crude output in Norway looked to recover following the end of an oil-worker strike.

West Texas Intermediate crude for November delivery
CL.1,
+0.30%

fell $1.17, or 2.9%, to settle at $39.43 a barrel on the New York Mercantile Exchange. December Brent crude
BRN00,
+0.28%

lost $1.13, or 2.6%, at $41.72 a barrel on ICE Futures Europe.

Front-month WTI, the U.S. benchmark, and global benchmark Brent on Monday both marked their lowest settlements since Oct. 5, according to Dow Jones Market Data.

With the passing of the hurricane and the resolution of the strike in Norway, “investors are more concerned about the higher output in

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news, federal-politics, jack waterford, federal budget, budget 2020, 2020 budget, capitalism, invisible hand, trickle-down

The coronavirus recession budget involves many opportunities to use the word unprecedented, but here’s one not being mentioned. This is the biggest budget, proportionately, ever devoted by a Western economy to the fundamental theory of modern capitalism: the theory of the hidden hand. Never has such a budget made it easier for a private sector entrepreneur to invest or spend money; indeed, if the investment is into someone else’s goods and services, and the spending produces a job for another, the government will handsomely subsidise it. One might think that any business, or any person, with a viable idea for developing a business able to make profits has never had it as easy as they will have it once the budget is adopted. Just to make things easier, a vast number of Australian consumers will be

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Swiss Skydiver (4), with Robby Albarado aboard, wins the 145th Preakness Stakes horse race at Pimlico Race Course, Saturday, Oct. 3, 2020, in Baltimore. (AP Photo/Steve Helber)

Steve Helber/Associated Press

A month ago, Authentic was the Kentucky Derby spoiler in a thrilling head-to-head face-off with Tiz the Law.

Swiss Skydiver gave Authentic a taste of his own medicine Saturday at Pimlico Race Course in Baltimore. The filly outlasted Authentic by a neck to take home the 2020 Preakness Stakes, concluding the Triple Crown cycle with three different winners for each race.

Swiss Skydiver is the first filly to win a Triple Crown race since Rachel Alexandra in 2009 and just the 12th in horse racing’s history. Six fillies have won the Preakness, making it the likeliest Triple Crown race to produce a female winner.

     

2020 Preakness Stakes Finish/Payout

1. Swiss Skydiver ($600,000)
2.

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Jockey John Velazquez riding Authentic, right, crosses the finish line ahead of Jockey Manny Franco riding Tiz the Law to win the 146th running of the Kentucky Derby at Churchill Downs, Saturday, Sept. 5, 2020, in Louisville, Ky. (AP Photo/Jeff Roberson)

Jeff Roberson/Associated Press

Authentic is the favorite in the 2020 Preakness Stakes after his upset victory over Belmont Stakes winner Tiz the Law in September’s Kentucky Derby.

Saturday’s race will mark the end of a unique Triple Crown season that’s coming to a close in early October rather than early June because of the coronavirus pandemic. Although the timeline has changed, the action on the track hasn’t lost any of its luster thanks to a strong three-year-old class.

Let’s check out all of the important information for the 145th edition of The Run for the Black-Eyed Susans, including a look at the full 11-horse field. That’s followed by a race preview.

                  

Key Details

Where: Pimlico Race Course in Baltimore

When: Saturday, Oct. 3 at 5:35 p.m. ET

Watch: NBC

Live Stream: NBC Sports Live

Prize Money: $1 million purse

                 

Race Field and Odds

1. Excession:

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Stocks ended lower Friday after President Donald Trump said he tested positive for the coronavirus and the U.S. added fewer jobs in September than forecast.

The Dow Jones Industrial Average, which had tumbled on the news, ended down 134 points, or 0.48%, at 27,682, the S&P 500 declined 0.96% and the Nasdaq slumped 2.22%.

But the stock market finished the week higher: The Dow rose by 1.9%, and the S&P 500 and the Nasdaq each gained 1.5%.

Airline stocks climbed after House Speaker Nancy Pelosi she was willing to pass a stand-alone Covid-19 airline-relief bill and asked the airlines to delay job cuts that started this week. 

United Airlines  (UAL) – Get Report, Delta Airlines  (DAL) – Get Report, and Southwest Airlines  (LUV) – Get Report all finished higher.

Tech stocks got hammered during the session, with Netflix  (NFLX) –

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When I left Seattle in June to buy a house in my hometown of Cincinnati, Ohio, I had no idea that it’d be September before I had the keys to a house in my hands. 

It took me about four months to find the right place. As a first-time homebuyer, I had no idea what to really expect from the process until I was in it. And shopping in a newly hot market during a pandemic certainly added to the timeline. I didn’t expect it to take months, and the fact that it took so long made it difficult to plan my living situation and budget while I looked. 

As a first-time homebuyer,

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U.S. stocks finished Thursday with losses, but were well off the session lows, as investors digested Federal Reserve Chairman Jerome Powell’s dour economic outlook along with lackluster U.S. economic data.

How did equity benchmarks perform?

The Dow Jones Industrial Average
DJIA,
-0.46%

 closed 130.40 points, or 0.4%, lower at 27,901.98, after touching a low of 27,647.93. The S&P 500 index
SPX,
-0.84%

 fell 28.48 points to end at 3,357.01, a decline of 0.8%, following a momentary dip below its 50-day moving average at around 3,339. The Nasdaq Composite Index
COMP,
-1.26%

 retreated 140.19 points, or 1.3%, to 10,910.28.

On Wednesday, the Dow added 36.78 points, or 0.1%, to finish at 28,032.38, while the S&P 500 index shed 15.71 points, or 0.5%, closing at 3,385.49. The Nasdaq Composite Index fell 139.85 points, or 1.3%. The Russell 2000 index
RUT,
-0.62%

 of small-capitalization companies, rose 14.18 points, or 0.9%, to close at

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Gold futures notched back-to-back gains on Tuesday to mark their highest finish in two weeks, ahead of what are expected to be dovish statements from global central banks this week that may provide renewed support for the precious metal.

A rise in U.S. Treasury note yields and the stock market had pressured prices for the precious metal for part of the day’s session.

“There is a lot of clutter in the market impacting gold,” Jeff Wright, executive vice president of GoldMining Inc., told MarketWatch.

U.S. industrial production numbers were lower than expected for August but still positive, and Empire State manufacturing data was well past estimates for September, so economic data were mixed, he said, adding that there are also central bank policy meetings to consider this week.

The Federal Reserve will conclude its two-day meeting on Wednesday with a statement on monetary policy, while other policy decisions from Bank

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Stocks finished higher on Monday amid a flurry of mergers and acquisitions news and signs of progress on a coronavirus vaccine.

The Dow Jones Industrial Average closed up 327 points, or 1.18%, to 27,993, the S&P 500 rose 1.27% and the Nasdaq jumped 1.87%.

Last week’s trading was the market’s worst week since March.

Nvidia’s  (NVDA) – Get Report $40 billion acquisition of chip designer Arm Holdings, and Gilead Sciences’  (GILD) – Get Report $21 billion purchase of Immunomedics  (IMMU) – Get Report boosted sentiment.

Pfizer’s  (PFE) – Get Report CEO said the New York healthcare giant should know by the end of October whether its coronavirus vaccine candidate will work.

If Pfizer’s covid-19 vaccine gets approved, it could be distributed in the U.S. by the end of 2020, CEO Albert Bourla said.

Meanwhile, AstraZeneca  (AZN) – Get Report,

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U.S. equity markets ended mixed as tech stocks continued to see profit-taking.

Ticker Security Last Change Change %
I:COMP NASDAQ COMPOSITE INDEX 10853.545198 -66.05 -0.60%
AMZN AMAZON.COM INC. 3,116.22 -58.89 -1.85%
FB FACEBOOK INC. 266.61 -1.48 -0.55%
GOOGL ALPHABET INC. 1,515.76 -10.29 -0.67%

Amazon Inc., Facebook Inc. and Google Inc. all declined, helping push the Nasdaq Composite down 0.57% on Friday and extending its weekly loss to 4.1%.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 27665.64 +131.06 +0.48%
CAT CATERPILLAR INC. 153.83 +3.97 +2.65%
KO COCA-COLA COMPANY 51.06 +1.06 +2.12%
AAPL APPLE INC. 112.00 -1.49 -1.31%
MSFT MICROSOFT CORP. 204.03 -1.34 -0.65%

The Dow Jones Industrial Average posted a gain of 130 points, or 0.48%, led by Caterpillar Inc. and Coca-Cola Co., helping offset declines in Apple Inc. and Microsoft

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