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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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Arctic Blast: Winter Storm Spreads from New Orleans to Florida and Carolinas

A major winter storm that brought record-breaking snow to New Orleans has now spread into Florida and the Carolinas, causing significant disruptions and dangerous conditions. The storm, which initially slammed Texas and blanketed the northern Gulf Coast with snow, has moved eastward, bringing heavy snow, sleet, and freezing rain to parts of the Florida Panhandle, Georgia, and eastern Carolinas.

In New Orleans, the storm set a new record with 10 inches of snowfall, far surpassing the previous record of 2.7 inches set in 1963. The rare snowfall led to highway closures, grounded flights, and school cancellations. The unusual weather also prompted the first-ever blizzard warnings for several coastal counties near the Texas-Louisiana border.

As the storm continues its path, Jacksonville, Florida, is expected to see snow, sleet, and accumulating ice, leading to the closure of Jacksonville International Airport and the cancellation of classes and government offices. In eastern North Carolina, near-blizzard conditions are predicted, with up to 8 inches of snow expected in the Outer Banks.

Authorities have reported three deaths related to the cold weather, and dangerous below-freezing temperatures are expected to persist over much of the region. Residents are advised to stay indoors and monitor local forecasts as the storm moves through Georgia and the Carolinas.

Despite the challenges, many people have embraced the rare weather, engaging in snowball fights, sledding, and even urban skiing in New Orleans. The storm has certainly made for a memorable winter in the Deep South.


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