New Jersey State Police close area outside Newark immigrant detention center after protest tensions escalate; FBI, Homeland Security on scene

Berkshire Hathaway agrees to buy U.S. homebuilder Taylor Morrison for $8.5 billion

Berkshire Hathaway to acquire U.S. homebuilder Taylor Morrison for $8.5 billion.

Fertitta to acquire Caesars Entertainment for nearly $6B. The deal includes iconic Las Vegas brands like Golden Nugget, Rainforest Cafe, and Morton's.

Caesars Entertainment is being acquired by Fertitta, owner of Golden Nugget and other chains, for nearly $6 billion.

US SPR drops to 1.584 billion barrels, lowest since April 2024 and overall since 2003, as Iran conflict strains global supply. S&P Global estimates 1.2 billion barrels lost via Hormuz disruption.

The volume of the US Strategic Petroleum Reserve (SPR) has decreased to a minimum level since April 2024 due to the conflict with Iran. At the end of last week, the US Department of Energy reported that oil and petroleum product reserves in the SPR currently stand at 1.584 billion barrels and continue to decline. The last time oil reserves in US strategic storage were below 1.5 billion barrels was in March 2003. S&P Global Energy notes that due to disrupted traffic in the Strait of Hormuz, the global oil market has lost 1.2 billion barrels of oil.