Abundant oil and natural gas taxes are pouring into New Mexico’s general fund, boosting revenue projections and sparking concerns over the fiscal impact of a future downturn in the state’s fossil fuel industry. The state’s latest consensus forecast lifted general fund revenue for fiscal 2023, which began July 1, $928 million above an August forecast
Apple’s business is under threat from a widespread coronavirus outbreak in China, with supply chain experts warning of a growing risk of months-long disruption to the production of iPhones. The US tech giant has had to contend with more than a month of chaos at its main assembler Foxconn’s megafactory in Zhengzhou, China, known as
The Puerto Rico Oversight Board defended its latest actions in the Puerto Rico Electric Power Authority bankruptcy and rejected bondholder and unsecured creditor challenges to its proposals. The urgent motion filed Dec. 16 was “purely administrative in nature,” requesting the scheduling of a disclosure statement hearing, deadlines for briefing on the disclosure statement and the
Top Stories This Week SBF sent home after his parents put up their house to cover his astronomical bail bond Sam Bankman-Fried will spend the holidays with his family in Palo Alto, California, after his parents secured $250 million in bail funds with the equity in their home. Among the conditions of the bail are
Following FTX co-founder Sam Bankman-Fried’s arrest and the statements from his co-workers Gary Wang and Caroline Ellison, the spotlight has turned on the remaining executives who were part of the team’s inner circle. Another person people are curious about these days is Alameda Research’s ex-co-CEO Sam Trabucco. The 30-year-old executive left Alameda in Aug. 2022,
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: DineEquity (DIN). This restaurant company recently delivered solid second quarter results, driven by the strongest same-store sales growth at its IHOP brand in over a decade. Analysts revised their estimates higher
In this article NTNX AVO META TSLA Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Musk has sold about $39 billion in stock over the past
It has been a tumultuous year for the crypto investors who have witnessed the total crypto market capitalization tumble from about $2.2 trillion at the beginning of 2022 to about $850 billion in December. The sharp erosion in valuation was caused due to several high-profile bankruptcies in 2022. The entire Terra ecosystem imploded with the
Several new high-end developments have come to the downtown district of Quebec’s largest city in recent years, delivering penthouse-caliber luxury to the center of a city steeped in history and tradition. In 1111 Atwater, Le Sherbrooke, The Ritz-Carlton Residences, Montreal, Victoria Sur Le Parc and 1 Square Phillips, current and future residents have the opportunity
Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume, however, was still
Georgia backers of an economic development deal with electric automaker Rivian are meeting continued resistance from a group of residents suing to stop its planned factory. In October, a county judge denied validation of the up to $15 billion in payment in lieu of taxes revenue bonds planned as part of the incentive structure for
Hospitals in Beijing are being overwhelmed by sick elderly Covid-19 patients just weeks after China abandoned its tough coronavirus containment measures with little preparation for the exit wave now ripping through the country. Emergency rooms have run out of portable beds for patients, the infirm are waiting hours for ambulances and many doctors are too
Winter storm causes major flooding across tri-state Much of the tri-state area saw major flooding due to the winter storm that slammed the region. NEW YORK – The winter storm that slammed the northeast on Thursday night into Friday caused major flooding in coastal communities across the tri-state area this weekend. The NYPD called for
close video Sam Bankman-Fried is facing significant jail time: Bernie Madoff’s former lawyer Ira Lee Sorkin Mintz & Gold partner and former Madoff lawyer Ira Lee Sorkin discusses Sam Bankman-Fried’s legal troubles and what’s next for him and his cronies on ‘The Claman Countdown.’ Former Alameda Research CEO Caroline Ellison said she and FTX co-founder
Republicans are struggling to navigate an increasingly complicated relationship with former President Trump, who has emerged from the midterms in arguably the weakest position he has been in but who remains deeply influential among the GOP’s conservative base. After a midterm election that many Republicans saw as a rejection of Trump and his slate of
close video Elon Musk needs to step aside as Twitter CEO, focus on Tesla: Gary Black The Future Fund managing partner Gary Black and Barron’s senior special writer Allen Root discuss how Elon Musk’s Twitter turmoil is negatively impacting Tesla stock on ‘The Claman Countdown.’ Elon Musk on Friday said the FBI "obviously overreached" with
WASHINGTON (RNS) — Asked by lawmakers earlier this year to describe those who attacked the U.S. Capitol on January 6, 2021, District of Columbia police officer Daniel Hodges told the House select committee tasked with investigating the insurrection that “it was clear the terrorists perceived themselves to be Christians.” Two members of that same committee,
According to Jeff Greene, who turned a $50 million investment into $500 million in 2008 by purchasing credit default swaps on bonds backed by subprime mortgages as the housing bubble burst, the economy is currently experiencing a new asset bubble, including those in crypto, SPACs, overvalued tech stocks, and real estate. Besides his successful track
MrBeast has become the first megastar to make an offer to take over the role of 'Chief Twit' from Elon Musk, assuming the YouTube personality isnt joking. Jimmy MrBeast Donaldson, known for his expensive stunts and extravagant giveaways, posted to Twitter on Thursday to ask Musk, the current Twitter CEO, Can I be the new
20 PostsSort BySort by NewestSort by OldestBack to Top incoming update…Stocks finish higher but end the week with a lossStocks ended the day higher but finished lower for the week. Investors are weighing inflation data against the possibility of more aggressive interest rate hikes by the Federal Reserve. Meanwhile, energy shares jumped on higher oil