N.M. braces for revenue losses from royalty rate cuts
New Mexico officials are concerned that cuts to federal oil and natural...
New Mexico officials are concerned that cuts to federal oil and natural gas royalty rates could strip the state of critical revenue tied to production on public land. Economists project losses of $1.7 billion over the next decade and as much as $5.1 billion by midcentury, threatening funding for schools and health care. Industry representatives argue that lower rates could spur more drilling, but state officials remain skeptical.
Israeli Military Orders Residents of Gaza City to Evacuate
The Israeli military issued a sweeping...
The Israeli military issued a sweeping evacuation order for Gaza City on Tuesday, signaling that it was moving ahead with its full-scale invasion of the largest city in northern Gaza.
The order will force hundreds of thousands of people to decide whether to risk staying in the city or to flee south to areas that are already overcrowded. Many of those areas are also in ruins.
France’s government collapsed amid fiscal pressures. French...
France’s government collapsed amid fiscal pressures. French Prime Minister Francois Bayrou lost a confidence vote in Parliament, which will force President Emmanuel Macron to name a new premier in the country’s third change of government in just over a year. Bayrou’s ousting came after he proposed unpopular spending cuts and tax hikes to address the country’s mounting debt. Whoever comes next will still have to face the political challenge of passing a budget.
A suggestive letter and drawing that was purportedly signed by President Trump from a book created in 2003 to celebrate Jeffrey Epstein’s 50th birthday was released publicly yesterday by House Democrats. The president has denied writing or signing the letter and sued the Wall Street Journal for reporting on it.
SpaceX has agreed to pay $17 billion to buy wireless spectrum and mobile satellite service spectrum licenses from EchoStar to boost Starlink’s satellite network and direct-to-phone service.
At least six Israelis were killed by Palestinian gunmen at a Jerusalem bus stop. The attack, which was not claimed by Hamas, was the deadliest in Israel since October 2024 amid Israel’s war in Gaza and expanding settlements in the West Bank.
PNC has inked a deal to buy Colorado-based FirstBank for $4.1 billion, expanding its presence in Colorado and Arizona as the regional bank seeks to grow.
Kissing bugs may sound fun, but you’re going to want to avoid them, as the insects have been spreading potentially deadly Chagas disease in the US, according to a CDC report.
Tesla fell 1.27% on reports that the EV maker’s share...
Tesla fell 1.27% on reports that the EV maker’s share of the US market dropped to its lowest level since 2017.
EchoStar popped 19.91% on the news that it’s selling $17 billion worth of spectrum licenses to Elon Musk’s SpaceX. That’s bad news for EchoStar competitors like T-Mobile (down 3.9%) and SpaceX competitors like AST SpaceMobile (down 3.87%).
Screw capitalism: A new Gallup poll shows that 54% of Americans view capitalism favorably, down from 60% in 2021.
Americans are facing the biggest increase to the cost of health insurance in 15 years. In completely unrelated news, UnitedHealth reaffirmed its annual profit outlook.
Dan Ives is having a great year: The Wedbush analyst will become the chairman of the board of a small company building a treasury of Sam Altman’s Worldcoin.
Investors have “bought the rumor” of a Fed rate cut—but when it actually happens, the market could plunge as they “sell the news,” JPMorgan warned.
G-7 nations are in serious debt trouble, and the UK may be the canary in the coalmine for what’s to come. Speaking of, France has so much debt that it recently cut two public holidays in a bid to increase tax revenue from more working days. Maybe that’s why the French prime minister just got the boot.
US LNG Exporters Race to Tie Up Financing as Surplus Looms
US liquefied natural gas developers are rushing to secure financing and...
US liquefied natural gas developers are rushing to secure financing and complete construction before a projected global supply glut emerges in 2027, which could limit new demand. Four projects with a combined 69.44 million short tons of annual capacity are awaiting final investment decision, while facilities already under construction contend with workforce shortages and cost pressures.
