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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
What sparked the Panic of 1884, which saw one of its worst days on May 13th?
Think you know the answer? You can check it in the closing area down below!
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After logging its worst day since the start of the year, the Dow Jones Industrial Average was poised for further losses on Thursday. That said, Nasdaq futures and S&P 500 futures saw gains this morning.
And although the Producer Prices Index is usually a non-event for investors, that report will likely be the focus of attention when it is released this morning. That’s because the Consumer Price Index revealed the hottest inflation data in several years, earlier this week.
Meanwhile, an offhand tweet from Tesla CEO Elon Musk once again rocked the crypto realm. This time, however, his announcement that digital currency would no longer be an acceptable form of payment for his electric vehicles sent the market tumbling.
And Colonial Pipeline shared that its operations started back up again yesterday, though it would take more time for things to return to normal (more on that in the story, below).
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Last night, Colonial Pipeline announced that it was beginning operations again, after much of the 5,500-mile system was forced offline due to a ransomware attack. The infrastructure supplies about 2.5 million barrels of fuel and oil every day, and the shutdown sparked a panic in the Southeast.
“Following this restart it will take several days for the product delivery supply chain to return to normal,” officials said. “Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period. Colonial will move as much gasoline, diesel, and jet fuel as is safely possible and will continue to do so until markets return to normal.”
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