Peabody Energy Corp, the world's largest private-sector coal miner, squares off in court on Thursday against opponents of its reorganization plan, including state regulators, shareholders, environmental activists and even former executives.
And like that, it happened. Despite the polls, despite what anyone believed was possible, including many of his own supporters, billionaire developer Donald J. Trump was sworn in as the 45th President of the United States.
The American Petroleum Institute (API) reported another massive 5.04 million barrel drop in crude oil supply, stirring talk of oil market rebalancing. Yet, an even bigger 9.75 million-barrel increase in gasoline supply is tempering market excitement. This comes as the OPEC Secretary General has positive things to say about OPEC production cuts, and a speech by Fed Chair Janet Yellen that says U.S. interest rates will be at 3% by the end of 2019.
The number of Americans filing for unemployment benefits rose less than expected last week and the underlying trend remained consistent with a tightening labor market that is starting to spur faster wage growth.