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Oil stole the show Wednesday as the OPEC cartel seems to finally have agreed to a production cap. The decision sent energy stocks skyrocketing more than 5%, overall, and helped propel the Dow Jones Industrial Average to a near-record close.
Sure, all eyes were on crude and whether or not the "Trump rally" could continue. But TheStreet and its affiliates dug into the fall-out from the most recent cabinet nominations by President-elcect Donald Trump as well as a potential Time Inc. (TIME) , Meridith (MDP) - Get Report merger, Facebook's (FB) - Get Report effort to diversify away from advertising revenue and Netflix's (NFLX) - Get Report latest efforts to quell competition.
Here are the highlights:
Killing Net Neutrality Won't Be Easy, Even for President Trump
The president-elect and his advisers are no fans of network neutrality, but getting rid of the policy through the Supreme Court or Congress would be challenging. Full story
Blavatnik may be the power behind the bid for Time
Ukrainian-born investor who bought Warner Music from Edgar Bronfman in 2011 may be the key player in the drama over Time.Full story
Tweet of the Day:
Facebook's New Gaming Platform Could Eventually Be a Moneymaker
Though not being immediately monetized, Facebook's new games platform could help the company halt a multi-year decline in its non-advertising revenue. Full story
Biotech Stock Mailbag: Looking for an Investable Idea in Alzheimer's Minefield
TheStreet's Adam Feuerstein answers reader questions about biotech stocks.Full story
Bank of England Stress Tests for Banks Did Not Go Far Enough
Brexit and the U.S. election have introduced far more uncertainty than previously assumed. Full story
Video of the Day: What Mnuchin, Ross Appointment May Mean for the Housing Market
How President-elect Trump's new cabinet picks may shape what is considered by most to be the backbone of the U.S. economy. Full story