22 days ago
President Donald Trump signed an executive order Monday evening temporarily allowing the use of red-dyed diesel on public roads and deferring the federal excise tax on that fuel through the end of the year, a move aimed at lowering costs for truckers and farmers facing record-high diesel prices.
Red-dyed diesel is chemically the same product as standard highway diesel, but carries a red dye to mark it as off-road fuel — meaning it is not subject to the 24.4-cent-per-gallon federal excise tax that applies to diesel sold at the pump for road use, such as for tractors and heavy machinery. Using it in highway vehicles has been illegal, carrying penalties for tax evasion, according to CNBC.
According to the White House, the order instructs the Treasury Secretary to hold off on collecting federal excise taxes on highway use of dyed diesel between October 5 and December 31, 2026, and to do so without charging interest or imposing penalties. The Treasury is also directed to direct the Internal Revenue Service not to impose penalties for on-road use of dyed diesel during that period. The order further instructs officials to explore pathways, including legislation, to eliminate the deferred tax obligations entirely.
The White House projected that a trucker who tops off an 18-wheeler's tank with 250 gallons stands to save over $100 on a single fill-up, provided the trucker's state suspends its own diesel tax as well. On top of the federal levy, each state levies its own diesel excise tax, and those state-level taxes average out to 35.5 cents per gallon, according to CNN.
The order also directs the Secretary of Agriculture to coordinate with agricultural cooperatives and rural fuel distributors to ensure adequate dyed diesel distribution in high-demand areas, and the Secretary of Transportation to engage with state governments and industry stakeholders. The White House Office of Intergovernmental Affairs was directed to encourage states to adopt corresponding policies.
#Diesel #federal #House #according
Red-dyed diesel is chemically the same product as standard highway diesel, but carries a red dye to mark it as off-road fuel — meaning it is not subject to the 24.4-cent-per-gallon federal excise tax that applies to diesel sold at the pump for road use, such as for tractors and heavy machinery. Using it in highway vehicles has been illegal, carrying penalties for tax evasion, according to CNBC.
According to the White House, the order instructs the Treasury Secretary to hold off on collecting federal excise taxes on highway use of dyed diesel between October 5 and December 31, 2026, and to do so without charging interest or imposing penalties. The Treasury is also directed to direct the Internal Revenue Service not to impose penalties for on-road use of dyed diesel during that period. The order further instructs officials to explore pathways, including legislation, to eliminate the deferred tax obligations entirely.
The White House projected that a trucker who tops off an 18-wheeler's tank with 250 gallons stands to save over $100 on a single fill-up, provided the trucker's state suspends its own diesel tax as well. On top of the federal levy, each state levies its own diesel excise tax, and those state-level taxes average out to 35.5 cents per gallon, according to CNN.
The order also directs the Secretary of Agriculture to coordinate with agricultural cooperatives and rural fuel distributors to ensure adequate dyed diesel distribution in high-demand areas, and the Secretary of Transportation to engage with state governments and industry stakeholders. The White House Office of Intergovernmental Affairs was directed to encourage states to adopt corresponding policies.
#Diesel #federal #House #according
29 days ago
The Council on American-Islamic Relations (CAIR), antifa and the Muslim Brotherhood will be labeled domestic terrorist organizations under a new state law, after Florida leaders OK'd the designations at their Sept. 29 meeting.
These designations were in a 427-page packet submitted by the Florida Department of Law Enforcement for approval by Gov. Ron DeSantis and Florida Cabinet members: Attorney General James Uthmeier, Agriculture Commissioner Wilton Simpson and state Chief Financial Officer Blaise Ingoglia.
The packet also named numerous other groups labeled by the federal government as foreign terrorist organizations.
Although the Governor and Florida Cabinet approved these notices without any discussion, these designations don't come as a surprise. Weeks earlier, the governor and Cabinet approved an emergency rule setting procedures under a new state law (HB 1471) allowing them to designate terror groups.
Additionally, the day this law took effect, DeSantis announced his intentions to declare CAIR, the country's largest Muslim advocacy group, and antifa as domestic terror groups.
#Florida #muslim #governor
These designations were in a 427-page packet submitted by the Florida Department of Law Enforcement for approval by Gov. Ron DeSantis and Florida Cabinet members: Attorney General James Uthmeier, Agriculture Commissioner Wilton Simpson and state Chief Financial Officer Blaise Ingoglia.
The packet also named numerous other groups labeled by the federal government as foreign terrorist organizations.
Although the Governor and Florida Cabinet approved these notices without any discussion, these designations don't come as a surprise. Weeks earlier, the governor and Cabinet approved an emergency rule setting procedures under a new state law (HB 1471) allowing them to designate terror groups.
Additionally, the day this law took effect, DeSantis announced his intentions to declare CAIR, the country's largest Muslim advocacy group, and antifa as domestic terror groups.
#Florida #muslim #governor
1 month ago
Updated on: September 17, 2026 / 11:45 PM EDT / CBS News
Matt Bell, 52, has been farming for more than half his life in central North Carolina. He grows soybeans, corn and wheat and raises beef cattle on more than 1,000 acres. But Bell, who voted for President Trump, says soaring prices for fuel, fertilizer, and equipment are hurting his farm and leading some of his fellow farmers to consider calling it quits once this growing season ends.
"I've done this 34 years. I have never worried and stressed like I have the last year," Bell told CBS News in an interview on Wednesday at his farm in Kings Mountain, North Carolina.
Bell has been forced to make significant changes to his operation as a result of the high costs. He's shifting some of his acreage, trying to stretch out the lifespan of his equipment and producing his own fertilizer. His children have also opened up a storefront where visitors can pick pumpkins and take hayrides in the fall. But Bell is still feeling the pinch.
"We've cut everything we can cut," he said. "The last several years in agriculture have been terrible, and we have, you know, just cut the fat anywhere we could. But we're just getting to the point now there's nothing left to cut. You cannot run without fuel. You cannot run without fertilizer. You have to have that."
#bell #fertilizer #fuel #years
Matt Bell, 52, has been farming for more than half his life in central North Carolina. He grows soybeans, corn and wheat and raises beef cattle on more than 1,000 acres. But Bell, who voted for President Trump, says soaring prices for fuel, fertilizer, and equipment are hurting his farm and leading some of his fellow farmers to consider calling it quits once this growing season ends.
"I've done this 34 years. I have never worried and stressed like I have the last year," Bell told CBS News in an interview on Wednesday at his farm in Kings Mountain, North Carolina.
Bell has been forced to make significant changes to his operation as a result of the high costs. He's shifting some of his acreage, trying to stretch out the lifespan of his equipment and producing his own fertilizer. His children have also opened up a storefront where visitors can pick pumpkins and take hayrides in the fall. But Bell is still feeling the pinch.
"We've cut everything we can cut," he said. "The last several years in agriculture have been terrible, and we have, you know, just cut the fat anywhere we could. But we're just getting to the point now there's nothing left to cut. You cannot run without fuel. You cannot run without fertilizer. You have to have that."
#bell #fertilizer #fuel #years
1 month ago
Prediction market Kalshi plans to offer customers the ability to trade single-stock perpetual futures contracts in the U.S., as well as bet on the price movements of agriculture commodities.
Analysts say the move represents an attempt by Kalshi to muscle in on traditional financial markets.
New York-based Kalshi says that it is seeking regulatory approval to list contracts linked to some of the biggest U.S. stocks, such as Tesla (NASDAQ: $TSLA) and Nvidia (NASDAQ: $NVDA).
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MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Tsla #nvda
Analysts say the move represents an attempt by Kalshi to muscle in on traditional financial markets.
New York-based Kalshi says that it is seeking regulatory approval to list contracts linked to some of the biggest U.S. stocks, such as Tesla (NASDAQ: $TSLA) and Nvidia (NASDAQ: $NVDA).
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#Tsla #nvda
2 months ago
With a market cap of $56.5 billion, Corteva, Inc. (CTVA) is an agriculture company, serving markets across North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. The company operates through two main segments: Seed and Crop Protection, developing advanced seed genetics, traits, and crop protection products to help improve farm productivity and resilience.
Companies worth more than $10 billion are generally labeled as "large-cap" stocks and Corteva fits this criterion perfectly. It also provides herbicides, insecticides, nitrogen stabilizers, and digital farming solutions that support farmers in optimizing crop yield and profitability.
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RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ******* e
#protection #billion #company
Companies worth more than $10 billion are generally labeled as "large-cap" stocks and Corteva fits this criterion perfectly. It also provides herbicides, insecticides, nitrogen stabilizers, and digital farming solutions that support farmers in optimizing crop yield and profitability.
'Not Tens Of Billions, But Tens Of Trillions': Nvidia CEO Jensen Huang Says AI Is Like the New Electricity and the Scale Is Unlike Any Tech in History
What It Means for MSFT Stock Investors as Microsoft Switches to 2 Business Segments
RKLB Stock Jumps as Rocket Lab Debuts New Solar Cell for ******* e
#protection #billion #company
2 months ago
Eric Hansotia, CEO, Chair, and President of AGCO, discusses conditions in the agriculture equipment business. Hansotia notes that the agriculture sector faces rising costs, framing the segment around input expenses and their impact on farming and equipment demand. He speaks with Romaine Bostick on "The Close."
#president
#president
2 months ago
On August 27, ****** an Machinery Inc. (NASDAQ:TITN) reported results for the fiscal second quarter ended July 31, and the numbers point in two different directions at once. Revenue fell to $496.4 million from $546.4 million a year earlier, and the net loss widened to $9.2 million, or $0.40 per diluted share, compared with a $6.0 million loss a year ago. Yet gross margin climbed to 18.6% from 17.1%, and management held its full year profitability targets steady even while cutting its outlook for Europe. Sorting out that mix is the real story of the quarter.
The clearest bright spot is margin. Gross profit margin expanded 150 basis points to 18.6%, which the company attributed to stronger equipment margins as aged inventory keeps shrinking, plus a richer mix of parts and service revenue. That improvement showed up directly in the segments. Agriculture's pretax loss narrowed sharply to $3.3 million from $12.3 million a year ago, even though segment revenue fell to $310.2 million on an 8.4% same-store sales decline. Construction told an even better story, with revenue rising to $78.6 million from $72.0 million on 9.2% same-store growth, and the segment flipped to $0.4 million of pretax income from a $1.2 million pretax loss last year, helped by data center and infrastructure project activity.
Management raised its Construction revenue ****** umption for the year to up 5% to 10%, from flat to up 5% previously. Australia also improved, with revenue up 22.5% once currency effects are stripped out, and its full-year outlook was raised to up 15% to 20% on better moisture levels and farmer sentiment. Floorplan and other interest expense fell to $8.1 million from $11.5 million as interest-bearing inventory levels came down, another sign the cleanup is easing pressure on the business.
The offsetting weakness is just as clear. Consolidated revenue dropped across nearly every line, and Agriculture's same-store decline reflects continued pressure on grower profitability in North America. The bottom line moved the wrong way too, with Adjusted EBITDA slipping to $4.6 million from $5.6 million and operating expenses rising to 19.0% of revenue from 17.0%. Europe was the sharpest problem. Segment revenue fell to $66.1 million from $98.1 million, and once a $1.1 million currency benefit is excluded, revenue was down $33.1 million, or 33.7%. The wind-down of the company's German operations accounted for roughly $11 million of that decline, with the rest coming from softer demand after the boost Romania saw from European Union stimulus programs faded.
#million #once #even
The clearest bright spot is margin. Gross profit margin expanded 150 basis points to 18.6%, which the company attributed to stronger equipment margins as aged inventory keeps shrinking, plus a richer mix of parts and service revenue. That improvement showed up directly in the segments. Agriculture's pretax loss narrowed sharply to $3.3 million from $12.3 million a year ago, even though segment revenue fell to $310.2 million on an 8.4% same-store sales decline. Construction told an even better story, with revenue rising to $78.6 million from $72.0 million on 9.2% same-store growth, and the segment flipped to $0.4 million of pretax income from a $1.2 million pretax loss last year, helped by data center and infrastructure project activity.
Management raised its Construction revenue ****** umption for the year to up 5% to 10%, from flat to up 5% previously. Australia also improved, with revenue up 22.5% once currency effects are stripped out, and its full-year outlook was raised to up 15% to 20% on better moisture levels and farmer sentiment. Floorplan and other interest expense fell to $8.1 million from $11.5 million as interest-bearing inventory levels came down, another sign the cleanup is easing pressure on the business.
The offsetting weakness is just as clear. Consolidated revenue dropped across nearly every line, and Agriculture's same-store decline reflects continued pressure on grower profitability in North America. The bottom line moved the wrong way too, with Adjusted EBITDA slipping to $4.6 million from $5.6 million and operating expenses rising to 19.0% of revenue from 17.0%. Europe was the sharpest problem. Segment revenue fell to $66.1 million from $98.1 million, and once a $1.1 million currency benefit is excluded, revenue was down $33.1 million, or 33.7%. The wind-down of the company's German operations accounted for roughly $11 million of that decline, with the rest coming from softer demand after the boost Romania saw from European Union stimulus programs faded.
#million #once #even
0.00$ raised of 0.00$ goal
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0.00$
to go
2 months ago
(NewsNation) — Rising costs continue to squeeze American households, with prices climbing across groceries, gas and health insurance.
Beef prices have jumped for numerous reasons, including a shrinking U.S. cattle herd, drought, consumer demand, and inflation. Ground beef prices are nearing $7 per pound, up $0.63 since July 2025, and sirloin steaks have jumped to nearly $15 per pound, up $1.04 since July 2025.
Food prices in July 2026 were 3% higher than in July 2025, per the U.S. Department of Agriculture's Economic Research Service.
The ongoing war in Iran has led to rising gas prices, with the national average currently at about $4.14, nearly a dollar higher than it was just a year ago, according to AAA.
Trump administration drafts proposal to pay stay-at-home parents
#beef #higher
Beef prices have jumped for numerous reasons, including a shrinking U.S. cattle herd, drought, consumer demand, and inflation. Ground beef prices are nearing $7 per pound, up $0.63 since July 2025, and sirloin steaks have jumped to nearly $15 per pound, up $1.04 since July 2025.
Food prices in July 2026 were 3% higher than in July 2025, per the U.S. Department of Agriculture's Economic Research Service.
The ongoing war in Iran has led to rising gas prices, with the national average currently at about $4.14, nearly a dollar higher than it was just a year ago, according to AAA.
Trump administration drafts proposal to pay stay-at-home parents
#beef #higher
2 months ago
On August 13, enCore Energy (NASDAQ:EU) reported financial and operating results for the six months ended June 30, and the numbers pull in two directions at once. The uranium miner delivered more pounds at higher prices than a year earlier, yet its net loss per share widened to $0.19 from $0.16. Underneath that headline sits a company racing to bring new wellfields online just as its current ones cost more to run than the uranium they produce is worth.
enCore delivered 485,000 pounds of U3O8 into contracts during the first half of 2026, up from 350,000 pounds a year earlier, at an average sales price of $70.10 per pound versus $62.58 in 2025. Both volume and price moved in the right direction, a sign that demand from utilities has not slowed even as the company's own production has. The bigger story sits in the ground. On June 22, enCore announced that its Dewey Burdock project in South Dakota received a 20-year renewal of its Source Materials License, extending the permit to June 2046, after the Bureau of Land Management cleared the company to begin infrastructure construction.
That milestone means Dewey Burdock now holds every federal permit it needs, leaving only a state review that began June 15. Closer to production, enCore expects final permits at its Alta Mesa Wellfield 3 Extension and at the Upper Spring Creek wellfield in the fourth quarter of 2026, both already built and waiting on paperwork rather than construction. Drilling at Alta Mesa East continued with three to five rigs through the quarter, and management says results have met or exceeded expectations. Add a July 2026 workforce reduction meant to lower costs starting in the third quarter, and the pieces for a stronger second half are at least on the table.
The production side tells a different story. enCore extracted just 131,274 pounds of U3O8 in the first half of 2026, down from 317,613 pounds a year earlier, a drop of more than half. Extraction costs rose to $57.36 per pound from $42.92, and once purchased pounds are folded in, the weighted average cost of delivered U3O8 climbed to $75.54 per pound, above the $70.10 per pound the company actually collected. That gap between what enCore pays to deliver uranium and what it earns selling it is at the center of the widened loss, which the company attributed to lower extraction and a fair value adjustment on its Verdera Energy Corp shares.
Alta Mesa's Wellfield 7 is also set to stop production in the third quarter of 2026 as it reaches natural depletion, removing supply before the newer wellfields are permitted to replace it. The near-term fixes aren't guaranteed on the timeline enCore has laid out either. Wellfield 8 permits are not expected until the end of the first quarter of 2027, and Dewey Burdock's state permitting process, still under review by South Dakota's Department of Agriculture & Natural Resources, has the company targeting development only in 2028.
#encore #pounds #quarter
enCore delivered 485,000 pounds of U3O8 into contracts during the first half of 2026, up from 350,000 pounds a year earlier, at an average sales price of $70.10 per pound versus $62.58 in 2025. Both volume and price moved in the right direction, a sign that demand from utilities has not slowed even as the company's own production has. The bigger story sits in the ground. On June 22, enCore announced that its Dewey Burdock project in South Dakota received a 20-year renewal of its Source Materials License, extending the permit to June 2046, after the Bureau of Land Management cleared the company to begin infrastructure construction.
That milestone means Dewey Burdock now holds every federal permit it needs, leaving only a state review that began June 15. Closer to production, enCore expects final permits at its Alta Mesa Wellfield 3 Extension and at the Upper Spring Creek wellfield in the fourth quarter of 2026, both already built and waiting on paperwork rather than construction. Drilling at Alta Mesa East continued with three to five rigs through the quarter, and management says results have met or exceeded expectations. Add a July 2026 workforce reduction meant to lower costs starting in the third quarter, and the pieces for a stronger second half are at least on the table.
The production side tells a different story. enCore extracted just 131,274 pounds of U3O8 in the first half of 2026, down from 317,613 pounds a year earlier, a drop of more than half. Extraction costs rose to $57.36 per pound from $42.92, and once purchased pounds are folded in, the weighted average cost of delivered U3O8 climbed to $75.54 per pound, above the $70.10 per pound the company actually collected. That gap between what enCore pays to deliver uranium and what it earns selling it is at the center of the widened loss, which the company attributed to lower extraction and a fair value adjustment on its Verdera Energy Corp shares.
Alta Mesa's Wellfield 7 is also set to stop production in the third quarter of 2026 as it reaches natural depletion, removing supply before the newer wellfields are permitted to replace it. The near-term fixes aren't guaranteed on the timeline enCore has laid out either. Wellfield 8 permits are not expected until the end of the first quarter of 2027, and Dewey Burdock's state permitting process, still under review by South Dakota's Department of Agriculture & Natural Resources, has the company targeting development only in 2028.
#encore #pounds #quarter
2 months ago
Deere & Co. (NYSE: DE) stock had a strong week, hitting a record high above $700 per share. Shares have jumped 10% since last Friday's close, according to data provided by S&P Global Market Intelligence.
After a strong fiscal third-quarter report on Aug. 20, Deere boosted the low end of its full-year net income guidance by $250 million. One ******* yst thinks that signals the start of a recovery cycle in agricultural equipment sales, and thinks Deere stock is still a buy near its record high.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Investors noticed when Deere CEO John May helped make the case for agriculture and construction stocks, stating, "As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle."
That would be welcome as companies like Deere & Co. navigate a dynamic tariff and tariff refund environment. Tariff rates have changed, and refunds have been distributed in some cases, making it difficult to set pricing and plan capital spending. But Deere is confident, citing its diversified product groups, advanced technology offerings, and what May called "stable U.S. market conditions."
#signal #market #flashing
After a strong fiscal third-quarter report on Aug. 20, Deere boosted the low end of its full-year net income guidance by $250 million. One ******* yst thinks that signals the start of a recovery cycle in agricultural equipment sales, and thinks Deere stock is still a buy near its record high.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Investors noticed when Deere CEO John May helped make the case for agriculture and construction stocks, stating, "As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle."
That would be welcome as companies like Deere & Co. navigate a dynamic tariff and tariff refund environment. Tariff rates have changed, and refunds have been distributed in some cases, making it difficult to set pricing and plan capital spending. But Deere is confident, citing its diversified product groups, advanced technology offerings, and what May called "stable U.S. market conditions."
#signal #market #flashing
2 months ago
Deere & Company (NYSE:DE) seems to have attracted renewed attention from ***** ysts after an impressive rise in its stock so far this year. As of August 31, the stock gained more than 35%. On August 31, Baird upgraded its rating on Deere & Company (NYSE:DE) from Neutral to Outperform and lifted its price target from $640 to $800.
Bull Case
Baird sees a favorable setup for Deere & Company (NYSE:DE) because of its high exposure to North American row-crop equipment demand. The research firm expects the company to be among the first agricultural equipment companies to benefit when investors see a recovery in the agricultural sector.
The firm also noted that commentary on early order programs indicated that orders for planters and sprayers were up by a mid-single-digit percentage compared with last year's completed program. Baird believes that this suggests early order programs could end up higher by completion and this also provides early signs of a possible recovery in production and precision agriculture.
According to Baird, the current early order programs could be significantly underestimating the actual demand potential for production and precision agriculture in 2027 if its ***** sment of corn and soybean fundamentals proves correct. The firm noted that the potential recovery should continue into 2028.
#early
Bull Case
Baird sees a favorable setup for Deere & Company (NYSE:DE) because of its high exposure to North American row-crop equipment demand. The research firm expects the company to be among the first agricultural equipment companies to benefit when investors see a recovery in the agricultural sector.
The firm also noted that commentary on early order programs indicated that orders for planters and sprayers were up by a mid-single-digit percentage compared with last year's completed program. Baird believes that this suggests early order programs could end up higher by completion and this also provides early signs of a possible recovery in production and precision agriculture.
According to Baird, the current early order programs could be significantly underestimating the actual demand potential for production and precision agriculture in 2027 if its ***** sment of corn and soybean fundamentals proves correct. The firm noted that the potential recovery should continue into 2028.
#early
2 months ago
On August 31, Baird upgraded Deere & Company (NYSE:DE) to Outperform from Neutral and raised its price target to $800 from $640, implying meaningful upside from the share price cited in the report. The upgrade is based on an expected improvement in North American agricultural fundamentals in 2027.
Baird expects mid-2027 corn futures to move above farmer breakeven levels, while soybean economics are also improving. Deteriorating crop conditions and tighter projected stocks-to-use ratios could support higher crop prices and improve per-acre farmer margins.
That matters for Deere because stronger farm profitability typically gives farmers more room to purchase large tractors, combines, planters, and other equipment. The timing is important because Deere's management has previously indicated that 2026 should represent the bottom of the current agricultural equipment cycle. At the same time, the company's Production & Precision Agriculture business remains under pressure, showing that the expected recovery has not fully reached its results yet.
Photo by Sebastian Gómez on Unsplash
The biggest bullish argument is that higher corn and soybean prices could signal the start of a new agricultural equipment replacement cycle. Farmers have delayed major machinery purchases during the downturn, so sustained improvement in crop economics could unlock pent-up demand.
#baird
Baird expects mid-2027 corn futures to move above farmer breakeven levels, while soybean economics are also improving. Deteriorating crop conditions and tighter projected stocks-to-use ratios could support higher crop prices and improve per-acre farmer margins.
That matters for Deere because stronger farm profitability typically gives farmers more room to purchase large tractors, combines, planters, and other equipment. The timing is important because Deere's management has previously indicated that 2026 should represent the bottom of the current agricultural equipment cycle. At the same time, the company's Production & Precision Agriculture business remains under pressure, showing that the expected recovery has not fully reached its results yet.
Photo by Sebastian Gómez on Unsplash
The biggest bullish argument is that higher corn and soybean prices could signal the start of a new agricultural equipment replacement cycle. Farmers have delayed major machinery purchases during the downturn, so sustained improvement in crop economics could unlock pent-up demand.
#baird
2 months ago
The stock market saw solid gains for the major indexes, rebounding off their 21-day moving averages, though small caps fell slightly toward their 50-day line. Federal Reserve Chairman Kevin Warsh leaned hawkish in his Jackson Hole speech, and markets generally seemed to like it. Nvidia (NVDA) surged on booming earnings and blowout guidance, but many chip and AI hardware plays struggled. Negative earnings reactions to Marvell (MRVL) and Everpure (P) didn't help. Meanwhile, Salesforce (CRM), CrowdStrike (CRWD), Okta (OKTA) and Elastic (ESTC) were big software earnings winners, fueling a bisector move. Youth apparel retailer Abercrombie & Fitch (ANF) skyrocketed while ****** 's Sporting Goods (DKS) dived.
The major indexes rose solidly off their 21-day moving averages, not far from record highs, though small caps retreated toward their 50-day line. Fed Chief Kevin Warsh's Jackson Hole speech got a generally positive reaction. Nvidia (NVDA), Salesforce (CRM), CrowdStrike (CRWD), Okta (OKTA), Elastic (ESTC) and Abercrombie & Fitch (ANF) were among the notable earnings winners. Crude oil prices and the 10-year Treasury yield fell, though they came off weekly lows.
Federal Reserve Chairman Kevin Warsh, coming off his July 29 news conference that left Wall Street doubting his inflation-fighting credibility, turned the page with Friday's address at the annual Jackson Hole, Wyo., monetary policy conference. Warsh said his perception is that the economy has strengthened, allowing the Fed to focus on achieving its 2% inflation target. Citing strong business capital spending and strong profit growth, with the exceptions of housing and agriculture, Warsh said he would be "hard pressed to describe broad financial conditions as restrictive." Reaction to his address lifted odds of a Sept. 16 Fed rate hike to 56% from around 35% on Thursday, according to CME Group's FedWatch tool.
The latest inflation data may have added to pressure on Fed Chair Warsh to set a hawkish tone on Friday. The PCE (personal consumption expenditures) price index topped forecasts with a 0.2% rise that kept the 12-month headline inflation rate at 3.7%. Core inflation held at 3.3%, though the figure was 3.344% when unrounded to the nearest tenth of a percent. Q2 GDP growth was unrevised at an unimpressive 1.5%, but the underlying measure of growth was revised to a sizzling 4.2% from 3.9% initially. That reflects final real sales to private domestic purchasers. The Bureau of Labor Statistics said it expects to revise payroll growth in the year through March down by 79,000 overall and 178,000 for the private sector. That would leave 12-month gains of 195,000 overall and 321,000 for private employers.
AI chip leader Nvidia (NVDA) posted a beat-and-raise fiscal second-quarter report and gave a bullish forecast for next year. Nvidia stock jumped on the news. Adjusted earnings surged 112% year over year. Sales soared 106% to $96.2 billion, the fourth straight quarter of accelerating revenue g
The major indexes rose solidly off their 21-day moving averages, not far from record highs, though small caps retreated toward their 50-day line. Fed Chief Kevin Warsh's Jackson Hole speech got a generally positive reaction. Nvidia (NVDA), Salesforce (CRM), CrowdStrike (CRWD), Okta (OKTA), Elastic (ESTC) and Abercrombie & Fitch (ANF) were among the notable earnings winners. Crude oil prices and the 10-year Treasury yield fell, though they came off weekly lows.
Federal Reserve Chairman Kevin Warsh, coming off his July 29 news conference that left Wall Street doubting his inflation-fighting credibility, turned the page with Friday's address at the annual Jackson Hole, Wyo., monetary policy conference. Warsh said his perception is that the economy has strengthened, allowing the Fed to focus on achieving its 2% inflation target. Citing strong business capital spending and strong profit growth, with the exceptions of housing and agriculture, Warsh said he would be "hard pressed to describe broad financial conditions as restrictive." Reaction to his address lifted odds of a Sept. 16 Fed rate hike to 56% from around 35% on Thursday, according to CME Group's FedWatch tool.
The latest inflation data may have added to pressure on Fed Chair Warsh to set a hawkish tone on Friday. The PCE (personal consumption expenditures) price index topped forecasts with a 0.2% rise that kept the 12-month headline inflation rate at 3.7%. Core inflation held at 3.3%, though the figure was 3.344% when unrounded to the nearest tenth of a percent. Q2 GDP growth was unrevised at an unimpressive 1.5%, but the underlying measure of growth was revised to a sizzling 4.2% from 3.9% initially. That reflects final real sales to private domestic purchasers. The Bureau of Labor Statistics said it expects to revise payroll growth in the year through March down by 79,000 overall and 178,000 for the private sector. That would leave 12-month gains of 195,000 overall and 321,000 for private employers.
AI chip leader Nvidia (NVDA) posted a beat-and-raise fiscal second-quarter report and gave a bullish forecast for next year. Nvidia stock jumped on the news. Adjusted earnings surged 112% year over year. Sales soared 106% to $96.2 billion, the fourth straight quarter of accelerating revenue g
2 months ago
Republicans were already struggling to defuse simmering voter frustrations over the cost of living ahead of the midterms. Then President Donald Trump rekindled his trade wars.
Trump's latest actions — especially his decision to impose 50 percent tariffs on $20 billion worth of Canadian goods, inviting retaliatory duties from America's No. 2 trading partner — has sparked new pushback from GOP lawmakers and candidates.
His moves are set to reverberate especially hard in a handful of states crucial to the party's hopes of keeping their Senate majority. That includes northern border states, such as Maine and Michigan, as well as agriculture-heavy battlegrounds like Iowa and North Carolina that have been buffeted for more than a year by Trump's embrace of hardball trade tactics.
"We've got 71 days, and right now we don't have a positive message to tell farm country," said retiring GOP Sen. Thom Tillis, whose North Carolina seat is at risk of flipping into Democrats' hands in November.
Trump's threat to impose tariffs on Canada is creating "tension," Tillis added, and that "the party that owns that tension is the party that will probably suffer the consequences in November."
#carolina #especially #tariffs
Trump's latest actions — especially his decision to impose 50 percent tariffs on $20 billion worth of Canadian goods, inviting retaliatory duties from America's No. 2 trading partner — has sparked new pushback from GOP lawmakers and candidates.
His moves are set to reverberate especially hard in a handful of states crucial to the party's hopes of keeping their Senate majority. That includes northern border states, such as Maine and Michigan, as well as agriculture-heavy battlegrounds like Iowa and North Carolina that have been buffeted for more than a year by Trump's embrace of hardball trade tactics.
"We've got 71 days, and right now we don't have a positive message to tell farm country," said retiring GOP Sen. Thom Tillis, whose North Carolina seat is at risk of flipping into Democrats' hands in November.
Trump's threat to impose tariffs on Canada is creating "tension," Tillis added, and that "the party that owns that tension is the party that will probably suffer the consequences in November."
#carolina #especially #tariffs
2 months ago
Deere & Company (NYSE:DE) delivered a stronger-than-expected third quarter, with the company benefiting from a surprising source: the construction boom linked to AI data centers and infrastructure spending. Construction & Forestry sales increased 18% year over year, making it the company's fastest-growing major segment. Deere also reported a 7% increase in quarterly net income to $1.38 billion, while EPS rose to $5.10 from $4.75 a year earlier.
The improvement was enough for Deere to raise its 2026 net income outlook to $4.75 billion-$5 billion, up from the previous lower end of $4.5 billion. The company also continues to believe that 2026 will mark the bottom of the current agricultural equipment cycle.
Still, Deere & Company (NYSE:DE)'s core farm-equipment business remains under pressure. Production & Precision Agriculture sales fell 6% in the quarter as farmers continue to deal with weak commodity prices and difficult farm economics. At the same time, Small Agriculture & Turf sales increased 12%, helped by better milk and beef prices.
The biggest reason to be bullish on Deere & Company (NYSE:DE) is the growing strength of its construction business. The 18% increase in Construction & Forestry sales shows that the company is benefiting from spending that has little to do with the current farm cycle. AI data-center construction, infrastructure projects, and other large-scale development are creating demand for Deere's equipment. The company says customer backlogs now extend well into fiscal 2027, giving it strong visibility into future demand.
This diversification could become particularly valuable if the agricultural market takes longer to recover. Deere does not need its farm-equipment business to rebound immediately for the company to continue generating solid earnings. Construction is currently helping fill that gap, while the 12% increase in Small Agriculture & Turf sales provides another source of support.
#deere #sales #farm #agriculture
The improvement was enough for Deere to raise its 2026 net income outlook to $4.75 billion-$5 billion, up from the previous lower end of $4.5 billion. The company also continues to believe that 2026 will mark the bottom of the current agricultural equipment cycle.
Still, Deere & Company (NYSE:DE)'s core farm-equipment business remains under pressure. Production & Precision Agriculture sales fell 6% in the quarter as farmers continue to deal with weak commodity prices and difficult farm economics. At the same time, Small Agriculture & Turf sales increased 12%, helped by better milk and beef prices.
The biggest reason to be bullish on Deere & Company (NYSE:DE) is the growing strength of its construction business. The 18% increase in Construction & Forestry sales shows that the company is benefiting from spending that has little to do with the current farm cycle. AI data-center construction, infrastructure projects, and other large-scale development are creating demand for Deere's equipment. The company says customer backlogs now extend well into fiscal 2027, giving it strong visibility into future demand.
This diversification could become particularly valuable if the agricultural market takes longer to recover. Deere does not need its farm-equipment business to rebound immediately for the company to continue generating solid earnings. Construction is currently helping fill that gap, while the 12% increase in Small Agriculture & Turf sales provides another source of support.
#deere #sales #farm #agriculture
2 months ago
The U.S. cattle industry is in rough shape, and there's little sign of immediate relief on the way.
Structural headwinds are bedeviling the beef industry. Cattle herds are at their lowest levels since the 1950s, according to data published last month by the Department of Agriculture. That's driven up beef prices and put significant financial strain on meatpacking firms that are forced to readapt their business in a difficult economic environment.
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#department
Structural headwinds are bedeviling the beef industry. Cattle herds are at their lowest levels since the 1950s, according to data published last month by the Department of Agriculture. That's driven up beef prices and put significant financial strain on meatpacking firms that are forced to readapt their business in a difficult economic environment.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#department
2 months ago
By Leah Douglas
WASHINGTON, Aug 18 (Reuters) - The Trump administration took a step toward rescinding a decades-old rule that protects undeveloped forests on Tuesday in a move it says will help manage wildfire risk, but which environmental groups oppose, saying it would do the opposite.
President Donald Trump has rolled back environmental regulations and taken land out of conservation for purposes such as energy extraction.
The proposed rule filed by the U.S. Forest Service would rescind the 2001 Roadless Area Conservation Rule, which bans logging, roads and mining in undeveloped forests, and move authority to local national forest managers, according to a press release from the Department of Agriculture.
The U.S. is suffering one of its worst years for wildfires, with 7.3 million acres (3 million hectares) burned in around 49,000 fires through August 17, according to the National Interagency Fire Center.
#undeveloped
WASHINGTON, Aug 18 (Reuters) - The Trump administration took a step toward rescinding a decades-old rule that protects undeveloped forests on Tuesday in a move it says will help manage wildfire risk, but which environmental groups oppose, saying it would do the opposite.
President Donald Trump has rolled back environmental regulations and taken land out of conservation for purposes such as energy extraction.
The proposed rule filed by the U.S. Forest Service would rescind the 2001 Roadless Area Conservation Rule, which bans logging, roads and mining in undeveloped forests, and move authority to local national forest managers, according to a press release from the Department of Agriculture.
The U.S. is suffering one of its worst years for wildfires, with 7.3 million acres (3 million hectares) burned in around 49,000 fires through August 17, according to the National Interagency Fire Center.
#undeveloped
3 months ago
ARLINGTON, Iowa (AP) — Farmer Tim Burrack had concerns about the Republican nominee for Iowa governor — and he wasn't the only one.
The conservative voter from northeast Iowa said he didn't know Zach Lahn before the political newcomer "came out of nowhere" with a surprise GOP primary win over the candidate endorsed by President Donald Trump. So when Lahn came to his farm last week, Burrack questioned him on his approach to agriculture.
"I hit him pretty hard," said Burrack, who was considering whether to vote for Lahn in November or not vote at all.
It wasn't the first skeptical audience for the self-described "change candidate" in the state led by Republicans.
Lahn won the June primary even though an "entire establishment was set up against me," he said. He criticizes politicians in both parties, accusing them of being bought by corporate interests. His bid for governor will test how an anti-establishment conservative fares with a general electorate — and with traditional Republicans — a decade after Trump's own brand of populism reshaped the GOP.
#iowa #governor #wasn 't #came
The conservative voter from northeast Iowa said he didn't know Zach Lahn before the political newcomer "came out of nowhere" with a surprise GOP primary win over the candidate endorsed by President Donald Trump. So when Lahn came to his farm last week, Burrack questioned him on his approach to agriculture.
"I hit him pretty hard," said Burrack, who was considering whether to vote for Lahn in November or not vote at all.
It wasn't the first skeptical audience for the self-described "change candidate" in the state led by Republicans.
Lahn won the June primary even though an "entire establishment was set up against me," he said. He criticizes politicians in both parties, accusing them of being bought by corporate interests. His bid for governor will test how an anti-establishment conservative fares with a general electorate — and with traditional Republicans — a decade after Trump's own brand of populism reshaped the GOP.
#iowa #governor #wasn 't #came
3 months ago
By Yuliia Dysa and Daniel Flynn
KYIV, Aug 13 (Reuters) - Ukraine has sent Russia an offer suggesting they both halt attacks on civilian targets in the Black Sea, a source said, after mounting strikes on vessels and ports there raised fears over global food supplies.
The offer to suspend attacks was transmitted by Kyiv via a third party, and Ukraine was still waiting for a response, the source who is familiar with the matter told Reuters.
Both Russia and Ukraine, major players in the world agriculture market, have accused each other of intensified attacks on vessels used for exports.
EU WHEAT PARES GAINS AFTER REPORT
#Russia #source
KYIV, Aug 13 (Reuters) - Ukraine has sent Russia an offer suggesting they both halt attacks on civilian targets in the Black Sea, a source said, after mounting strikes on vessels and ports there raised fears over global food supplies.
The offer to suspend attacks was transmitted by Kyiv via a third party, and Ukraine was still waiting for a response, the source who is familiar with the matter told Reuters.
Both Russia and Ukraine, major players in the world agriculture market, have accused each other of intensified attacks on vessels used for exports.
EU WHEAT PARES GAINS AFTER REPORT
#Russia #source
3 months ago
With a market cap of $51.3 billion, Corteva, Inc. (CTVA) is a global pure-play agriculture company providing innovative seed, crop protection, and digital solutions to address the world's most pressing agricultural challenges. Through its strong brands, advanced technology pipeline, and customer-focused approach, the company helps farmers maximize productivity while supporting sustainable progress across the food system.
Shares of the agriscience company have underperformed the broader market over the past 52 weeks. CTVA stock has risen 8.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 22.4%. However, the stock has increased 14.9% on a YTD basis, outpacing SPX's 13.3% return.
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#market #corteva
Shares of the agriscience company have underperformed the broader market over the past 52 weeks. CTVA stock has risen 8.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 22.4%. However, the stock has increased 14.9% on a YTD basis, outpacing SPX's 13.3% return.
Don't ******* ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ******* eX Stock? 3 Numbers That Explain Its 10% Rally.
#market #corteva
3 months ago
With a market cap of $6.9 billion, The Mosaic Company (MOS) is a leading global producer and marketer of potash and phosphate fertilizers, which are essential inputs for agriculture. With 13,000 employees serving customers in more than 40 countries, Mosaic is also advancing biological solutions through Mosaic Biosciences to improve nutrient efficiency, crop performance, and sustainable food production.
Shares of the Tampa, Florida-based company have underperformed the broader market over the past 52 weeks. MOS stock has decreased 38.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 21.8%. Moreover, shares of the company have declined 9.5% on a YTD basis, compared to SPX's 11% return.
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#Florida
Shares of the Tampa, Florida-based company have underperformed the broader market over the past 52 weeks. MOS stock has decreased 38.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 21.8%. Moreover, shares of the company have declined 9.5% on a YTD basis, compared to SPX's 11% return.
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#Florida
3 months ago
A clean energy super PAC bankrolled by a left-wing billionaire is pouring millions into an effort to unseat Rep. Andy Ogles, R-Tenn., as he wages a bid for re-election in Tennessee's 5th Congressional District.
The Invest in Tomorrow Coalition super PAC had spent roughly $1.3 million on opposing Ogles and supporting his Republican challenger, Charlie Hatcher, Tennessee's former commissioner of agriculture, and recently bought another $700,000 worth of ads.
The group has raised $6.7 million this year, making Ogles a sizable portion of their spending this cycle. A Fox News Digital review of FEC filings discovered that the super PAC is bankrolled by Chris Larsen, the California-based billionaire chairman of Ripple, which is described on its website as the "leading financial technology company that offers crypto solutions for businesses."
Larsen has donated $6 million to the super PAC since Feb. 2026. His latest $5 million donation to Invest in Tomorrow Coalition PAC is his second-largest single donation after donating $5,444,975 to Future Forward PAC in 2024 to support Kamala Harris's failed presidential campaign.
Trump-backed Firebrand Wins Arizona Gop Governor Primary, Setting Up High-stakes Showdown
#donation
The Invest in Tomorrow Coalition super PAC had spent roughly $1.3 million on opposing Ogles and supporting his Republican challenger, Charlie Hatcher, Tennessee's former commissioner of agriculture, and recently bought another $700,000 worth of ads.
The group has raised $6.7 million this year, making Ogles a sizable portion of their spending this cycle. A Fox News Digital review of FEC filings discovered that the super PAC is bankrolled by Chris Larsen, the California-based billionaire chairman of Ripple, which is described on its website as the "leading financial technology company that offers crypto solutions for businesses."
Larsen has donated $6 million to the super PAC since Feb. 2026. His latest $5 million donation to Invest in Tomorrow Coalition PAC is his second-largest single donation after donating $5,444,975 to Future Forward PAC in 2024 to support Kamala Harris's failed presidential campaign.
Trump-backed Firebrand Wins Arizona Gop Governor Primary, Setting Up High-stakes Showdown
#donation
3 months ago
Global hunger declined for the third consecutive year, according to the Food and Agriculture Organization's (FAO) The State of Food Security and Nutrition in the World 2026 report.
The new report estimates that 7.8 percent of the world's people were undernourished in 2025.
FAO
The FAO report notes that less than 2.5 percent of people living in the U.S., Canada, Eastern Asia, and Europe are undernourished. Therefore, its calculations chiefly encompass the extent of hunger in developing countries in Africa, Latin America, and the rest of Asia.
Armed conflict and violence remain the primary drivers of acute food insecurity in 12 out of 13 hunger hotspots identified by the World Food Programme and the FAO.
#report #global
The new report estimates that 7.8 percent of the world's people were undernourished in 2025.
FAO
The FAO report notes that less than 2.5 percent of people living in the U.S., Canada, Eastern Asia, and Europe are undernourished. Therefore, its calculations chiefly encompass the extent of hunger in developing countries in Africa, Latin America, and the rest of Asia.
Armed conflict and violence remain the primary drivers of acute food insecurity in 12 out of 13 hunger hotspots identified by the World Food Programme and the FAO.
#report #global
3 months ago
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter.
Steel Dynamics, one of the largest producers of low-carbon, recycled steel, continued to benefit from strong demand and surging steel prices during the second quarter. It also navigated losses from its aluminum operations.
The Fort Wayne, Indiana-based company reported record-high steel shipments of 3.7 million tons in the quarter, driven by steady demand from the energy, construction, automotive, industrial and agriculture sectors. Net sales increased 33% to $6.1 billion compared to last year.
Quarterly net income nearly doubled to $534.1 million over last year. This was bolstered by higher steel selling prices, which increased $105 per ton from the first quarter. At the same time, the aluminum segment saw a $33 million loss related to operational startup costs.
Steel Dynamics has seen its earnings surge after the Trump administration enacted a series of steel import tariffs as supplies remain tight, which has had an outsized impact on prices.
#steel #quarter #daily #aluminum
Steel Dynamics, one of the largest producers of low-carbon, recycled steel, continued to benefit from strong demand and surging steel prices during the second quarter. It also navigated losses from its aluminum operations.
The Fort Wayne, Indiana-based company reported record-high steel shipments of 3.7 million tons in the quarter, driven by steady demand from the energy, construction, automotive, industrial and agriculture sectors. Net sales increased 33% to $6.1 billion compared to last year.
Quarterly net income nearly doubled to $534.1 million over last year. This was bolstered by higher steel selling prices, which increased $105 per ton from the first quarter. At the same time, the aluminum segment saw a $33 million loss related to operational startup costs.
Steel Dynamics has seen its earnings surge after the Trump administration enacted a series of steel import tariffs as supplies remain tight, which has had an outsized impact on prices.
#steel #quarter #daily #aluminum
4 months ago
Planet Labs PBC (NYSE:PL) is one of the Best ***** e Technology Stocks to Buy Now. Planet Labs PBC (NYSE:PL) has declined around 12% over the past month. However, the Street remains bullish on the stock, with ***** ysts' 12-month price target suggesting more than 37% upside.
Recently, on July 1, Wedbush initiated coverage of the stock with a Buy rating and a $50 price target. The firm noted that the company is strategically placed at the intersection of two major forces. Firstly, Wedbush noted that nations are increasingly seeking sovereign access to ***** e, and secondly, AI is unlocking value from data.
The firm noted that Planet Labs scans the entire Earth daily and that no competitor can replicate this dataset. Wedbush believes the company to be an indispensable data layer that sits at the intersection of ***** e and AI. Moreover, the firm also believes the stock to be undervalued at current levels, making it an attractive buying opportunity.
Notably, management has also raised its fiscal 2027 revenue guidance to a range of $425 million to $441 million and expects to achieve positive annual free cash flow.
Planet Labs PBC (NYSE:PL) offers Pelican, SuperDove, SkySat, and Tanager satellites for daily Earth imaging, high-resolution monitoring, and hyperspectral imaging. It also provides satellite services arrangements such as manufacturing, launch procurement, ground station infrastructure, and maintenance. It serves energy, forestry, agriculture, mapping, insurance, finance, and government sectors.
Recently, on July 1, Wedbush initiated coverage of the stock with a Buy rating and a $50 price target. The firm noted that the company is strategically placed at the intersection of two major forces. Firstly, Wedbush noted that nations are increasingly seeking sovereign access to ***** e, and secondly, AI is unlocking value from data.
The firm noted that Planet Labs scans the entire Earth daily and that no competitor can replicate this dataset. Wedbush believes the company to be an indispensable data layer that sits at the intersection of ***** e and AI. Moreover, the firm also believes the stock to be undervalued at current levels, making it an attractive buying opportunity.
Notably, management has also raised its fiscal 2027 revenue guidance to a range of $425 million to $441 million and expects to achieve positive annual free cash flow.
Planet Labs PBC (NYSE:PL) offers Pelican, SuperDove, SkySat, and Tanager satellites for daily Earth imaging, high-resolution monitoring, and hyperspectral imaging. It also provides satellite services arrangements such as manufacturing, launch procurement, ground station infrastructure, and maintenance. It serves energy, forestry, agriculture, mapping, insurance, finance, and government sectors.
4 months ago
In a closely contested presidential election in Colombia, controversial far-right candidate Abelardo de la Espriella emerged victorious. After an official recount, his opponent, left-wing senator Ivan Cepeda, conceded defeat. This was a hard-fought campaign which split the community, sparking much controversy across Colombia. While debate rages over De la Espriella's policies and ascension to power, it is clear his presidency will be a godsend for Colombia's beaten-down, economically critical oil industry.
After the closest election in Colombia's modern history, president-elect De la Espriella emerged victorious after a recount with a narrow margin of less than one percent. Considerable controversy surrounds his victory despite left-wing contender Ivan Cepeda conceding defeat after the recount by Colombia's electoral authority, the National Electoral Council (CNE). There are fears that De la Espriella will clamp down on law and order in such a radical manner that it will lead to widespread human rights violations and crimes.
Central to the president-elect's platform is his plan to revive Colombia's fiscally strained economy and achieve annual gross domestic product (GDP) growth of 7%. To pursue that goal, he is supported by Vice President José Manuel Restrepo Abondano, who served as Colombia's Minister of Finance and Public Credit from May 2021 to August 2022 under President Iván Duque. Alongside fiscal austerity aimed at bringing Colombia's ballooning fiscal deficit, expected to reach 7 to 8% of GDP, under control, De la Espriella plans to revive the economically vital oil industry.
A key factor behind Colombia's recent economic malaise is the collapse of the once-dominant hydrocarbon sector. Indeed, over the last decade, oil and natural gas production has declined sharply, sparking fears of an energy crisis, especially with costly liquified natural gas (LNG) imports spiraling ever higher. By April 2026, oil output of 724,910 barrels per day is well below the 915,087 barrels per day lifted for the same month 10 years earlier. Falling production and limited refining capacity are forcing Colombia to import considerably more diesel, mainly for agriculture and transport.
The marked drop in natural gas production poses a dire threat to the economy and the electricity grid. In April 2026, Colombia lifted 694 million cubic feet of natural gas per day, which is close to a multidecade low. It is also significantly less than the 1 billion cubic feet per day produced for the same period a month earlier. The widening supply gap between domestic demand and production forced Bogota, during December 2016, to start importing liquefied natural gas (LNG).
After the closest election in Colombia's modern history, president-elect De la Espriella emerged victorious after a recount with a narrow margin of less than one percent. Considerable controversy surrounds his victory despite left-wing contender Ivan Cepeda conceding defeat after the recount by Colombia's electoral authority, the National Electoral Council (CNE). There are fears that De la Espriella will clamp down on law and order in such a radical manner that it will lead to widespread human rights violations and crimes.
Central to the president-elect's platform is his plan to revive Colombia's fiscally strained economy and achieve annual gross domestic product (GDP) growth of 7%. To pursue that goal, he is supported by Vice President José Manuel Restrepo Abondano, who served as Colombia's Minister of Finance and Public Credit from May 2021 to August 2022 under President Iván Duque. Alongside fiscal austerity aimed at bringing Colombia's ballooning fiscal deficit, expected to reach 7 to 8% of GDP, under control, De la Espriella plans to revive the economically vital oil industry.
A key factor behind Colombia's recent economic malaise is the collapse of the once-dominant hydrocarbon sector. Indeed, over the last decade, oil and natural gas production has declined sharply, sparking fears of an energy crisis, especially with costly liquified natural gas (LNG) imports spiraling ever higher. By April 2026, oil output of 724,910 barrels per day is well below the 915,087 barrels per day lifted for the same month 10 years earlier. Falling production and limited refining capacity are forcing Colombia to import considerably more diesel, mainly for agriculture and transport.
The marked drop in natural gas production poses a dire threat to the economy and the electricity grid. In April 2026, Colombia lifted 694 million cubic feet of natural gas per day, which is close to a multidecade low. It is also significantly less than the 1 billion cubic feet per day produced for the same period a month earlier. The widening supply gap between domestic demand and production forced Bogota, during December 2016, to start importing liquefied natural gas (LNG).
4 months ago
A man who was apparently living in an Arizona national forest for eight years was found in an encampment surrounded by about 1,000 pounds of trash, according to officials.
On June 25, two U.S. national forest rangers found the 65-year-old Mark Aaron Gatz, at his illegal campsite at Tonto National Park in central Arizona, according to a probable cause statement. The campsite, located along National Forest System Road 1006, contained a wood-burning fire.
Gatz told the officers he had been living in that location for two years and had been living in the Payson Pine area of the forest for a total of eight years, according to the statement.
MORE: America 250: David Muir showcases national parks and Native tribes that call them home
Federal regulations limit camping in national forests to 14 days within a 30-day period, according to the U.S. Department of Agriculture. Length of camping time is limited in order to protect natural resources from degradation and ensure fair access to all visitors, according to the USDA.
On June 25, two U.S. national forest rangers found the 65-year-old Mark Aaron Gatz, at his illegal campsite at Tonto National Park in central Arizona, according to a probable cause statement. The campsite, located along National Forest System Road 1006, contained a wood-burning fire.
Gatz told the officers he had been living in that location for two years and had been living in the Payson Pine area of the forest for a total of eight years, according to the statement.
MORE: America 250: David Muir showcases national parks and Native tribes that call them home
Federal regulations limit camping in national forests to 14 days within a 30-day period, according to the U.S. Department of Agriculture. Length of camping time is limited in order to protect natural resources from degradation and ensure fair access to all visitors, according to the USDA.
4 months ago
Plans to "future-proof" a family farm with a new indoor padel centre have been submitted.
The development at Offerton Grange Farm, near Sunderland, would include six padel courts, a cafe, mezzanine floor, seating area and parking.
Supporting documents submitted to Sunderland City Council said it was becoming "increasingly difficult" to sustain the farm through agricultural activities alone and there was a "clear need to look beyond agriculture for diversification opportunities".
Padel tennis is one of the fastest growing sports in the world, with demand outstripping the number of venues.
Applicants said the facility was a "natural and necessary progression" for the business and would help "support the continued operation of the family farm, safeguard its future, and ensure it can be passed on to future generations".
The development at Offerton Grange Farm, near Sunderland, would include six padel courts, a cafe, mezzanine floor, seating area and parking.
Supporting documents submitted to Sunderland City Council said it was becoming "increasingly difficult" to sustain the farm through agricultural activities alone and there was a "clear need to look beyond agriculture for diversification opportunities".
Padel tennis is one of the fastest growing sports in the world, with demand outstripping the number of venues.
Applicants said the facility was a "natural and necessary progression" for the business and would help "support the continued operation of the family farm, safeguard its future, and ensure it can be passed on to future generations".
4 months ago
Nova Minerals Corp (ASX:NVA, NYSE-A:NVA, FRA:QM30) has strengthened its board with the appointment of former JP Morgan metals and mining professional Joshua Girnun as the company advances its US-focused critical minerals strategy and Estelle Gold and Critical Minerals Project in Alaska.
Girnun's appointment, effective July 1, 2026, comes as Nova moves through what it describes as a pivotal execution phase following its redomiciliation from Australia to the United States. The company said the move was designed to better align its corporate structure with its predominantly US ****** et base, broaden access to American government and institutional capital and support potential index inclusion.
Girnun brings institutional finance, risk underwriting and technical resources experience to the Nova board.
At JP Morgan Chase & Co, he co-founded a client-facing risk underwriting team covering metals and mining, energy, renewables, industrials, oil and gas, and agriculture. He also helped develop the firm's internal risk standard for the natural resources sector and worked across corporate lending, project finance, trade finance and capital markets transactions.
Girnun's background is expected to support the company as it progresses Estelle through feasibility, ****** ses new project opportunities and prepares for near-term production of military-grade antimony trisulfide.
Girnun's appointment, effective July 1, 2026, comes as Nova moves through what it describes as a pivotal execution phase following its redomiciliation from Australia to the United States. The company said the move was designed to better align its corporate structure with its predominantly US ****** et base, broaden access to American government and institutional capital and support potential index inclusion.
Girnun brings institutional finance, risk underwriting and technical resources experience to the Nova board.
At JP Morgan Chase & Co, he co-founded a client-facing risk underwriting team covering metals and mining, energy, renewables, industrials, oil and gas, and agriculture. He also helped develop the firm's internal risk standard for the natural resources sector and worked across corporate lending, project finance, trade finance and capital markets transactions.
Girnun's background is expected to support the company as it progresses Estelle through feasibility, ****** ses new project opportunities and prepares for near-term production of military-grade antimony trisulfide.
4 months ago
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Mortgages insured by the U.S. Department of Agriculture, also known as USDA loans, cater to home buyers looking for a small-town lifestyle. It is the only government-backed loan that seeks to develop safe rural communities for families of modest means. Here are our picks for the best USDA lenders in July 2026.
Why Pennymac mortgages stand out: Pennymac is the largest U.S. lender of USDA loans and has a record of offering lower interest rates.
Availability: All 50 states and Washington, D.C.
Minimum credit score: 580 for USDA purchase loans, 620 for USDA manufactured home loans, and 640 for USDA refinances.
Mortgages insured by the U.S. Department of Agriculture, also known as USDA loans, cater to home buyers looking for a small-town lifestyle. It is the only government-backed loan that seeks to develop safe rural communities for families of modest means. Here are our picks for the best USDA lenders in July 2026.
Why Pennymac mortgages stand out: Pennymac is the largest U.S. lender of USDA loans and has a record of offering lower interest rates.
Availability: All 50 states and Washington, D.C.
Minimum credit score: 580 for USDA purchase loans, 620 for USDA manufactured home loans, and 640 for USDA refinances.
