7 days ago
Voters in seven states weighed in on property tax relief measures on Tuesday, part of an ongoing property tax revolt that has developed in recent years as home prices and **** sed values soared while incomes have largely failed to keep up. The outcomes were mixed, with voters in Florida and North Carolina overwhelmingly approving amendments designed to cut or cap taxes, while Wyoming and Oklahoma voters rejected tax-limiting measures.
The split results reflect the complicated trade-offs between limiting unpopular and fast-rising taxes and funding public services.
"Property tax bills are rising far faster than inflation and even home valuations," said Nicole Fox, a policy **** yst at the Tax Foundation. "People are noticing."
Read more: Democrats win Congress, eye healthcare, tariffs, and Trump's allies
The most sweeping effort to lower taxes came in Florida, where 62% of voters approved a major property tax cut that will increase the amount of a home's value that can be exempted from non-school homestead property taxes, effectively eliminating those taxes entirely in some parts of the state.
#measures #rising #tuesday
The split results reflect the complicated trade-offs between limiting unpopular and fast-rising taxes and funding public services.
"Property tax bills are rising far faster than inflation and even home valuations," said Nicole Fox, a policy **** yst at the Tax Foundation. "People are noticing."
Read more: Democrats win Congress, eye healthcare, tariffs, and Trump's allies
The most sweeping effort to lower taxes came in Florida, where 62% of voters approved a major property tax cut that will increase the amount of a home's value that can be exempted from non-school homestead property taxes, effectively eliminating those taxes entirely in some parts of the state.
#measures #rising #tuesday
11 days ago
Two years ago, it seemed like ******* ody wanted to touch Intel (NASDAQ: INTC). The company that basically invented the modern chip industry had turned into its own cautionary tale, posting an $18.8 billion net loss for 2024 while it fell behind Nvidia in artificial intelligence (AI) and behind Taiwan's foundries in manufacturing.
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 »
Then something strange happened. The U.S. government bought a stake in Intel. So did Nvidia. So did SoftBank. Companies and governments don't usually hand over billions to a business they think is finished, and that's the real reason I think the next 14 months matter more for this stock than almost any stretch in Intel's recent history.
Turnarounds aren't real until a real, working product ships, and Intel is finally shipping. In July, the company said its newest Arizona fab had entered high-volume manufacturing on a subset of its Core Ultra Series 3 chips, known as Panther Lake, the first processor built on Intel 18A, which Intel calls the most advanced semiconductor process ever developed and manufactured in the United States. Its second-quarter 2026 release adds that the next node behind it, 18A-P, had already entered risk production, meaning Intel isn't just trying to catch up on one generation, it's trying to stay on pace for the one after. On the data center side, that same release says Intel also launched Xeon 6+, its first server chip built on 18A.
Money talks, and in 2025 three very different yet massive buyers said the same thing with their wallets. The U.S. government invested $8.9 billion in Intel common stock, structured largely out of unpaid CHIPS Act and Secure Enclave funding, in exchange for roughly 275 million shares and warrants for up to 241 million more. Nvidia added $5 billion, and SoftBank put in another $2 billion, both also in Intel common stock. None of this money really guarantees Panther Lake sells well, or that Intel's foundry business ever turns a real profit. But I think it's an odd thing to do if you think a company is circling the drain, and you don't have any faith in it.
#signal #first
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 »
Then something strange happened. The U.S. government bought a stake in Intel. So did Nvidia. So did SoftBank. Companies and governments don't usually hand over billions to a business they think is finished, and that's the real reason I think the next 14 months matter more for this stock than almost any stretch in Intel's recent history.
Turnarounds aren't real until a real, working product ships, and Intel is finally shipping. In July, the company said its newest Arizona fab had entered high-volume manufacturing on a subset of its Core Ultra Series 3 chips, known as Panther Lake, the first processor built on Intel 18A, which Intel calls the most advanced semiconductor process ever developed and manufactured in the United States. Its second-quarter 2026 release adds that the next node behind it, 18A-P, had already entered risk production, meaning Intel isn't just trying to catch up on one generation, it's trying to stay on pace for the one after. On the data center side, that same release says Intel also launched Xeon 6+, its first server chip built on 18A.
Money talks, and in 2025 three very different yet massive buyers said the same thing with their wallets. The U.S. government invested $8.9 billion in Intel common stock, structured largely out of unpaid CHIPS Act and Secure Enclave funding, in exchange for roughly 275 million shares and warrants for up to 241 million more. Nvidia added $5 billion, and SoftBank put in another $2 billion, both also in Intel common stock. None of this money really guarantees Panther Lake sells well, or that Intel's foundry business ever turns a real profit. But I think it's an odd thing to do if you think a company is circling the drain, and you don't have any faith in it.
#signal #first
24 days ago
New York governor Kathy Hochul will today (Monday) launch an 88-person exploratory committee to report on the feasibility and challenges of a formal bid to host the Winter Olympic Games, according to people with knowledge of the announcement who spoke anonymously as they were not authorized to do so publicly.
The potential bid would see New York City and Lake Placid partner to host the 2042 edition.
Earlier this year, Gov. Hochul told The Athletic that "significant" meetings had taken place as she seeks to return the Winter Olympics to New York state for the first time since 1980, which is best remembered for the Miracle on Ice when the U.S. hockey team defeated the Soviet Union. Gov. Hochul, while announcing the committee today, will also announce a $2.5 million funding commitment to create a monument in Lake Placid in honor of the Miracle on Ice team.
The Lake Placid-New York City Olympic & Paralympic Winter Games Exploratory Committee will have an eight-strong leadership group, which will include Ashley Walden, the president and CEO of the Olympic Regional Development Authority, as well as representation from the offices of Senators Chuck Schumer and Kirsten Gillibrand (both Democrats), sources said. It will also include Julie Su, appointed deputy mayor for economic justice of New York City by mayor Zohran Mamdani, as well as Hope Knight, the president of Empire State Development, the New York state economic development arm.
There is a 16-member sub-committee on finance, which includes John Collins, co-owner and operating partner of the New York Islanders, and Josh Cohen, the son of New York Mets owner Steve Cohen, who works as the team's vice president of business development. Randy Levine, the owner of the New York Yankees, is one of 12 members of a legal sub-committee, which also includes Robert Landau, the executive vice-president of NBC Universal, the long-time broadcaster of the Olympics in the United States.
#city
The potential bid would see New York City and Lake Placid partner to host the 2042 edition.
Earlier this year, Gov. Hochul told The Athletic that "significant" meetings had taken place as she seeks to return the Winter Olympics to New York state for the first time since 1980, which is best remembered for the Miracle on Ice when the U.S. hockey team defeated the Soviet Union. Gov. Hochul, while announcing the committee today, will also announce a $2.5 million funding commitment to create a monument in Lake Placid in honor of the Miracle on Ice team.
The Lake Placid-New York City Olympic & Paralympic Winter Games Exploratory Committee will have an eight-strong leadership group, which will include Ashley Walden, the president and CEO of the Olympic Regional Development Authority, as well as representation from the offices of Senators Chuck Schumer and Kirsten Gillibrand (both Democrats), sources said. It will also include Julie Su, appointed deputy mayor for economic justice of New York City by mayor Zohran Mamdani, as well as Hope Knight, the president of Empire State Development, the New York state economic development arm.
There is a 16-member sub-committee on finance, which includes John Collins, co-owner and operating partner of the New York Islanders, and Josh Cohen, the son of New York Mets owner Steve Cohen, who works as the team's vice president of business development. Randy Levine, the owner of the New York Yankees, is one of 12 members of a legal sub-committee, which also includes Robert Landau, the executive vice-president of NBC Universal, the long-time broadcaster of the Olympics in the United States.
#city
24 days ago
Athletes have been urged to apply for funds to help them develop and compete at international events.
Jersey Sport has opened applications for its Performance Sport Programme, with more than £100,000 available to support players, coaches and officials.
The organisation said athletes who fell into "Podium, Podium Potential, Talent Performance and Talent ID profiles" would be invited to apply for funding to support their training, competition and living costs.
Dom Blampied, from Jersey Sport, said he was "proud" of the growth of the programme, which first launched in 2024 and how it had helped sportspeople achieve their dreams.
More news stories for Jersey
#performance #talent #athletes #programme
Jersey Sport has opened applications for its Performance Sport Programme, with more than £100,000 available to support players, coaches and officials.
The organisation said athletes who fell into "Podium, Podium Potential, Talent Performance and Talent ID profiles" would be invited to apply for funding to support their training, competition and living costs.
Dom Blampied, from Jersey Sport, said he was "proud" of the growth of the programme, which first launched in 2024 and how it had helped sportspeople achieve their dreams.
More news stories for Jersey
#performance #talent #athletes #programme
1 month ago
AGNC Investment has seen a mix of setbacks and gains in recent years, which raises a straightforward question for anyone looking at the stock today: Is the current share price meaningfully supported by the returns the business earns on its capital base?
Over the past 3 years, AGNC Investment has delivered a total return of about 48.1%, which puts real weight on whether those past gains are grounded in sustainable returns on the equity it deploys.
The mortgage REIT model relies on how efficiently AGNC Investment can fund and reinvest its portfolio. The valuation story therefore hinges on whether that capital structure can keep generating attractive excess returns after funding costs and hedging.
What if you looked at AGNC Investment through its earnings instead? See what AGNC Investment's 4.9x P/E says about the price.
For investors, the debate is whether AGNC Investment's current price fairly reflects the level and quality of the returns it earns on its capital.
#investment #returns #whether #earns
Over the past 3 years, AGNC Investment has delivered a total return of about 48.1%, which puts real weight on whether those past gains are grounded in sustainable returns on the equity it deploys.
The mortgage REIT model relies on how efficiently AGNC Investment can fund and reinvest its portfolio. The valuation story therefore hinges on whether that capital structure can keep generating attractive excess returns after funding costs and hedging.
What if you looked at AGNC Investment through its earnings instead? See what AGNC Investment's 4.9x P/E says about the price.
For investors, the debate is whether AGNC Investment's current price fairly reflects the level and quality of the returns it earns on its capital.
#investment #returns #whether #earns
1 month ago
Procter & Gamble has raised its dividend for 70 straight years while Johnson & Johnson covers its roughly $12.6 billion dividend run rate 1.56 times with free cash flow.
Coca-Cola posted its strongest Trademark volume growth in 17 years, and ADP's operating cash flow covers its dividend more than twice over while still funding buybacks.
Lowe's carries the lowest payout ratio in the group at 41% and trades at just 15 times earnings after falling 24% year to date.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Yield is relatively easy to find. A dividend that keeps arriving through recessions, patent cliffs and housing slumps is much harder to find, and that kind of reliability is the hook for this group. Every name below covers its payout with real cash flow, has a long record of raises and keeps its payout ratio at a level that leaves room for mistakes. Procter & Gamble (NYSE:PG) sets the standard: management says its latest increase marks the 70th consecutive year of dividend increases and 136th consecutive year of dividend payments, putting it firmly in the Dividend Kings club (we ranked ten of them by valuation in a free report here). The other four pair long dividend records with cash flow that covers the payout.
#cash #year #procter #gamble
Coca-Cola posted its strongest Trademark volume growth in 17 years, and ADP's operating cash flow covers its dividend more than twice over while still funding buybacks.
Lowe's carries the lowest payout ratio in the group at 41% and trades at just 15 times earnings after falling 24% year to date.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Yield is relatively easy to find. A dividend that keeps arriving through recessions, patent cliffs and housing slumps is much harder to find, and that kind of reliability is the hook for this group. Every name below covers its payout with real cash flow, has a long record of raises and keeps its payout ratio at a level that leaves room for mistakes. Procter & Gamble (NYSE:PG) sets the standard: management says its latest increase marks the 70th consecutive year of dividend increases and 136th consecutive year of dividend payments, putting it firmly in the Dividend Kings club (we ranked ten of them by valuation in a free report here). The other four pair long dividend records with cash flow that covers the payout.
#cash #year #procter #gamble
1 month ago
One-time trillionaire Elon Musk is known for his bombastic behavior and predictions. At one point in early 2012, he proclaimed that Tesla would be entirely self-funded.
"Tesla does not need to ever raise another funding round," Musk said in February 2012 in response to a question on the company's financial position and the speed at which it was burning through cash. He relayed robust confidence in managing Tesla's self-funded future at the time.
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
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
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
#tesla
"Tesla does not need to ever raise another funding round," Musk said in February 2012 in response to a question on the company's financial position and the speed at which it was burning through cash. He relayed robust confidence in managing Tesla's self-funded future at the time.
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
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
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
#tesla
1 month ago
RM for RM x SFMOMA Between You and Me
While many know RM as a member of the global sensation BTS, his fandom, known as ARMY, and those in the art world know another side of him: RM, real name Kim Namjoon, is an art collector – and now curator.
He, alongside exhibition co-curators América Castillo and Hyoeun Kim of San Francisco Museum of Modern Art, is now ready to show his personal art collection in RM x SFMOMA: Between You and Me.
Over the past few years, museums have faced low attendance, lost federal grants, and reduced funding. Museums have had to strategize what exhibitions people want to see, how to increase membership, and how to introduce art to the masses. Castillo says there have been more projects that the museum has taken on that have "pushed that boundary, even within their section of the art world." She had previously worked on a project called "Art of Noise" that focused heavily on music.
"It was the accumulation of those moments within the art world [that] there might actually be an appetite," Castillo states. "Then there was an internal opening, calling for ideas, and I just didn't hesitate saying, 'We should work with RM'."
#World #sfmoma #know #hyoeun
While many know RM as a member of the global sensation BTS, his fandom, known as ARMY, and those in the art world know another side of him: RM, real name Kim Namjoon, is an art collector – and now curator.
He, alongside exhibition co-curators América Castillo and Hyoeun Kim of San Francisco Museum of Modern Art, is now ready to show his personal art collection in RM x SFMOMA: Between You and Me.
Over the past few years, museums have faced low attendance, lost federal grants, and reduced funding. Museums have had to strategize what exhibitions people want to see, how to increase membership, and how to introduce art to the masses. Castillo says there have been more projects that the museum has taken on that have "pushed that boundary, even within their section of the art world." She had previously worked on a project called "Art of Noise" that focused heavily on music.
"It was the accumulation of those moments within the art world [that] there might actually be an appetite," Castillo states. "Then there was an internal opening, calling for ideas, and I just didn't hesitate saying, 'We should work with RM'."
#World #sfmoma #know #hyoeun
1 month ago
WASHINGTON (AP) — The Department of Homeland Security has tapped $20 million to pay for the campaign-style ads glorifying President Donald Trump that have drawn widespread criticism from Republicans and Democrats as a blatant misuse of taxpayer dollars that likely runs afoul of anti-propaganda law.
In a letter Tuesday to Homeland Security Secretary Markwayne Mullin, two top Democratic senators said that the money is being drawn from Trump's so-called "One Big Beautiful Bill" and was supposed to go for U.S. Customs and Border Protection.
"We should not have to remind you that using government funding to create or air political ads like the ones that have been running over the last few days is illegal and a shockingly corrupt misuse of taxpayer dollars," wrote Sen. Patty Murray of Washington, the top Democrat on the Senate Appropriations Committee, and Sen. Chris Murphy of Connecticut, the ranking Democrat on the subcommittee that handles Homeland Security funding.
The senators demanded answers within the next 48 hours about "how this president is literally stealing their tax dollars to air campaign ads celebrating himself."
They asked the secretary if the department plans to use additional federal funds to air these ads or create new ones, and if so to share contracting information with Congress. They also asked Mullin if he had spoken to Trump about using the taxpayer funds for the ads.
#democrat
In a letter Tuesday to Homeland Security Secretary Markwayne Mullin, two top Democratic senators said that the money is being drawn from Trump's so-called "One Big Beautiful Bill" and was supposed to go for U.S. Customs and Border Protection.
"We should not have to remind you that using government funding to create or air political ads like the ones that have been running over the last few days is illegal and a shockingly corrupt misuse of taxpayer dollars," wrote Sen. Patty Murray of Washington, the top Democrat on the Senate Appropriations Committee, and Sen. Chris Murphy of Connecticut, the ranking Democrat on the subcommittee that handles Homeland Security funding.
The senators demanded answers within the next 48 hours about "how this president is literally stealing their tax dollars to air campaign ads celebrating himself."
They asked the secretary if the department plans to use additional federal funds to air these ads or create new ones, and if so to share contracting information with Congress. They also asked Mullin if he had spoken to Trump about using the taxpayer funds for the ads.
#democrat
1 month ago
Vista Gold Corp. (NYSEAMERICAN:VGZ) announced on September 21 that it had agreed to be acquired by Artemis Gold Inc. (TSXV:ARTG). Under the agreement signed September 20, shareholders would receive 0.0966 buyer common shares for each existing common share and own approximately 5% of the combined company. That ownership calculation excludes the buyer's existing 4.95% stake in Vista Gold Corp. (NYSEAMERICAN:VGZ), which it intends to cancel at completion.
For shareholders, the trade-off is a smaller interest in a larger mining business with an operating ***** et and development expertise. The central question is whether that combination can supply the capital and execution needed to bring Australia's Mt Todd gold project into production.
Artemis Gold Inc. (TSXV:ARTG) operates the Blackwater mine in British Columbia and expects its future cash generation to support Mt Todd. That offers Vista Gold a potential funding source alongside a team experienced in building and operating mines.
The financial starting point explains the appeal. Vista Gold Corp. (NYSEAMERICAN:VGZ) ended June 2026 with $49.5 million in cash and no debt. Management described that cash as sufficient for interim development objectives. Joining an operating producer could broaden the resources available for the much larger task of construction.
The acquisition requires no cash consideration or new acquisition debt. Preserving the buyer's financial capacity could leave more room for investment, although the share exchange itself does not raise construction funding.
#cash
For shareholders, the trade-off is a smaller interest in a larger mining business with an operating ***** et and development expertise. The central question is whether that combination can supply the capital and execution needed to bring Australia's Mt Todd gold project into production.
Artemis Gold Inc. (TSXV:ARTG) operates the Blackwater mine in British Columbia and expects its future cash generation to support Mt Todd. That offers Vista Gold a potential funding source alongside a team experienced in building and operating mines.
The financial starting point explains the appeal. Vista Gold Corp. (NYSEAMERICAN:VGZ) ended June 2026 with $49.5 million in cash and no debt. Management described that cash as sufficient for interim development objectives. Joining an operating producer could broaden the resources available for the much larger task of construction.
The acquisition requires no cash consideration or new acquisition debt. Preserving the buyer's financial capacity could leave more room for investment, although the share exchange itself does not raise construction funding.
#cash
2 months ago
On September 9, 2026, Reuters reported that Amazon.com, Inc. (NASDAQ:AMZN) raised £4.25 billion, or about $5.76 billion, in its first-ever sterling bond sale, slightly more than initially expected, as part of a four-tranche deal spanning 3 to 19 years. Final investor demand came in at more than £10.65 billion, roughly 2.5 times the amount raised, but that was notably lower than the demand Alphabet saw for its own sterling debut in February, a sign ******* ysts said shows hyperscaler borrowing may be starting to test the limits of investor appetite.
Amazon.com, Inc. (NASDAQ:AMZN)'s first sterling bond sale shows that investors still have a strong appetite for its debt. The firm raised $5.8 billion through the offering, and demand reached roughly 2.5 times the amount available. The sterling market also has relatively limited supply of large technology-company debt. It could back up demand for future Amazon issuance in the currency. Strong demand gives Amazon another funding channel as it finances its large-scale AI and cloud infrastructure investments.
Amazon can put the proceeds toward AWS, its fastest-growing major business. AWS revenue increased 36.7% year over year in the second quarter. It marks its fastest growth rate in 18 quarters as demand for AI infrastructure accelerated. Funding more data centers, computing capacity and related infrastructure could allow Amazon to capture more of that demand. If AWS sustains its growth while making strong operating profits, the additional debt could support investments in one of Amazon's most important long-term earnings drivers.
The sterling offering diversifies Amazon's funding base as its capital requirements grow. Amazon issued four tranches with maturities ranging from three to 19 years. It gives the business access to UK investors while adding sterling financing alongside its existing dollar, euro, Swiss franc and yen debt. This overall investor base gives Amazon greater flexibility to raise capital across different markets and currencies. So diversification could become more valuable as Amazon funds an unprecedented AI infrastructure buildout without relying entirely on one debt market.
Amazon.com, Inc. (NASDAQ:AMZN)'s weaker reception compared with Alphabet signals that investors may demand higher borrowing costs from hyperscalers. Amazon's sterling offering attracted about 2.5 times coverage, below Alphabet's roughly 3.5 times coverage for its recent euro bond sale. The difference shows that demand for hyperscaler debt is not unlimited. If investor appetite continues to weaken, Amazon could face higher yields on future borrowing, increasing the cost of financing its AI infrastructure expansion.
#sterling #infrastructure #NASDAQ #amzn
Amazon.com, Inc. (NASDAQ:AMZN)'s first sterling bond sale shows that investors still have a strong appetite for its debt. The firm raised $5.8 billion through the offering, and demand reached roughly 2.5 times the amount available. The sterling market also has relatively limited supply of large technology-company debt. It could back up demand for future Amazon issuance in the currency. Strong demand gives Amazon another funding channel as it finances its large-scale AI and cloud infrastructure investments.
Amazon can put the proceeds toward AWS, its fastest-growing major business. AWS revenue increased 36.7% year over year in the second quarter. It marks its fastest growth rate in 18 quarters as demand for AI infrastructure accelerated. Funding more data centers, computing capacity and related infrastructure could allow Amazon to capture more of that demand. If AWS sustains its growth while making strong operating profits, the additional debt could support investments in one of Amazon's most important long-term earnings drivers.
The sterling offering diversifies Amazon's funding base as its capital requirements grow. Amazon issued four tranches with maturities ranging from three to 19 years. It gives the business access to UK investors while adding sterling financing alongside its existing dollar, euro, Swiss franc and yen debt. This overall investor base gives Amazon greater flexibility to raise capital across different markets and currencies. So diversification could become more valuable as Amazon funds an unprecedented AI infrastructure buildout without relying entirely on one debt market.
Amazon.com, Inc. (NASDAQ:AMZN)'s weaker reception compared with Alphabet signals that investors may demand higher borrowing costs from hyperscalers. Amazon's sterling offering attracted about 2.5 times coverage, below Alphabet's roughly 3.5 times coverage for its recent euro bond sale. The difference shows that demand for hyperscaler debt is not unlimited. If investor appetite continues to weaken, Amazon could face higher yields on future borrowing, increasing the cost of financing its AI infrastructure expansion.
#sterling #infrastructure #NASDAQ #amzn
2 months ago
NextEra Energy, Inc. (NYSE:NEE) announced on September 8 that it had secured a loan of up to $1.9 billion from the U.S. Department of Energy to support the restart of a shuttered nuclear power plant in Iowa. The Duane Arnold Energy Center ceased operations in 2020 after 45 years of service. The plant is now expected to resume operations in early 2029, pending regulatory approvals.
The federal funding is intended to help restore the facility and add reliable generation capacity as the US electricity demand soars to record levels amid the AI boom. To help meet the growing demand, President Trump is making efforts to accelerate the expansion of nuclear energy. He has signed an executive order to get 10 large conventional reactors under construction by 2030 and has also called for federal funding to support the restart of shuttered nuclear plants.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"Restarting Duane Arnold is about delivering new power to meet new demand while generating billions of dollars in economic value for Iowans. Just as importantly, it shows how America can support rapid economic growth and rising electricity demand while helping keep power affordable for existing customers. By bringing new generation online to serve new demand, we can strengthen the grid, create hundreds of good-paying jobs and help ensure Iowa families and businesses are not asked to bear the costs of growth. We appreciate the Administration's leadership in advancing America's nuclear renaissance and share its commitment to an all-of-the-above energy strategy that expands supply, strengthens energy security and keeps America competitive."
Photo by Frédéric Paulussen on Unsplash
#duane #arnold
The federal funding is intended to help restore the facility and add reliable generation capacity as the US electricity demand soars to record levels amid the AI boom. To help meet the growing demand, President Trump is making efforts to accelerate the expansion of nuclear energy. He has signed an executive order to get 10 large conventional reactors under construction by 2030 and has also called for federal funding to support the restart of shuttered nuclear plants.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"Restarting Duane Arnold is about delivering new power to meet new demand while generating billions of dollars in economic value for Iowans. Just as importantly, it shows how America can support rapid economic growth and rising electricity demand while helping keep power affordable for existing customers. By bringing new generation online to serve new demand, we can strengthen the grid, create hundreds of good-paying jobs and help ensure Iowa families and businesses are not asked to bear the costs of growth. We appreciate the Administration's leadership in advancing America's nuclear renaissance and share its commitment to an all-of-the-above energy strategy that expands supply, strengthens energy security and keeps America competitive."
Photo by Frédéric Paulussen on Unsplash
#duane #arnold
2 months ago
On September 16, Air Products (NYSE:APD) said it had signed a long-term deal to supply high-purity gases to a leading chipmaker, backed by roughly $250 million of its own money in Arizona. It is the company's second semiconductor supply win, and the two projects together carry more than $900 million of investment. That is a notable turn for a company that has been pulling back from big clean-energy projects.
The Arizona project plays to what Air Products already does. It will build, own, and operate the equipment, from hydrogen generation units and carbon dioxide purification to bulk supply for three gases: helium, hydrogen, and carbon dioxide. That means the customer's gas supply runs through equipment Air Products owns. Supply is targeted to start in phases, so the buildout can move alongside the customer's expansion plans. And this is familiar ground. Air Products has supplied electronics makers for more than 40 years, and its Chandler facility has served the Phoenix chip cluster since 1981, with a pipeline system carrying ultra-high purity nitrogen around the area.
The core business gives the deal a solid floor. In the fiscal third quarter, reported on July 30, adjusted earnings per share rose 12% to $3.47, and management lifted its full-year outlook to an adjusted $13.39 to $13.49 per share. Margins widened as well, so growth is showing up as profit. Chips appear elsewhere in the results too, since the company announced a deal to build four large air separation units to serve a chipmaker's growth in Taiwan.
The cost of the pivot is hard to ignore. On June 30, Air Products announced it would not go ahead with its Louisiana Clean Energy Complex and would discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, plus other smaller clean energy distribution projects. The exits triggered roughly $2.9 billion in pre-tax charges, which is why the company posted a GAAP loss of $6.47 per share in the third quarter even as its underlying earnings grew. Adjusted results leave that hit out, but the GAAP numbers show what the retreat cost.
Owning the ****** ets also means funding them. Air Products expects about $3.5 billion of capital spending in fiscal 2026, and the Arizona plant alone is a commitment of approximately $250 million, with supply arriving in phases. The release also leaves gaps: it does not name the customer or say how long the contract runs, so the length of the revenue stream is unclear. Elsewhere, Europe's operating income rose only 2% as costs climbed, and management says it is still cautious about the economic backdrop.
#clean #adjusted
The Arizona project plays to what Air Products already does. It will build, own, and operate the equipment, from hydrogen generation units and carbon dioxide purification to bulk supply for three gases: helium, hydrogen, and carbon dioxide. That means the customer's gas supply runs through equipment Air Products owns. Supply is targeted to start in phases, so the buildout can move alongside the customer's expansion plans. And this is familiar ground. Air Products has supplied electronics makers for more than 40 years, and its Chandler facility has served the Phoenix chip cluster since 1981, with a pipeline system carrying ultra-high purity nitrogen around the area.
The core business gives the deal a solid floor. In the fiscal third quarter, reported on July 30, adjusted earnings per share rose 12% to $3.47, and management lifted its full-year outlook to an adjusted $13.39 to $13.49 per share. Margins widened as well, so growth is showing up as profit. Chips appear elsewhere in the results too, since the company announced a deal to build four large air separation units to serve a chipmaker's growth in Taiwan.
The cost of the pivot is hard to ignore. On June 30, Air Products announced it would not go ahead with its Louisiana Clean Energy Complex and would discontinue a zero-carbon liquid hydrogen facility in Casa Grande, Arizona, plus other smaller clean energy distribution projects. The exits triggered roughly $2.9 billion in pre-tax charges, which is why the company posted a GAAP loss of $6.47 per share in the third quarter even as its underlying earnings grew. Adjusted results leave that hit out, but the GAAP numbers show what the retreat cost.
Owning the ****** ets also means funding them. Air Products expects about $3.5 billion of capital spending in fiscal 2026, and the Arizona plant alone is a commitment of approximately $250 million, with supply arriving in phases. The release also leaves gaps: it does not name the customer or say how long the contract runs, so the length of the revenue stream is unclear. Elsewhere, Europe's operating income rose only 2% as costs climbed, and management says it is still cautious about the economic backdrop.
#clean #adjusted
2 months ago
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The future of America's social safety net is hanging in limbo as the underlying trust fund reserves for Social Security benefits will be depleted in just six years.
And not only is the U.S. government not offering solutions for the funding crisis, it's actually making the problem worse — even if there's money on the table for retirees as a result.
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
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#actually #moneywise #bezos #commission
The future of America's social safety net is hanging in limbo as the underlying trust fund reserves for Social Security benefits will be depleted in just six years.
And not only is the U.S. government not offering solutions for the funding crisis, it's actually making the problem worse — even if there's money on the table for retirees as a result.
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
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#actually #moneywise #bezos #commission
2 months ago
Sept 19, 2026, 4:00 am EDT
Many Americans are missing out on a powerful retirement savings strategy.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The controversial app that created an internet sensation in January is back with a new name, a venture funding, and a giant new market.
#americans #company #january #powerful
Many Americans are missing out on a powerful retirement savings strategy.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The controversial app that created an internet sensation in January is back with a new name, a venture funding, and a giant new market.
#americans #company #january #powerful
2 months ago
Zipline is putting a fresh valuation on the increasingly crowded race to make drone delivery a mainstream part of American last-mile logistics networks, all while the regulatory system is still playing catch-up.
The autonomous delivery company is in talks to raise roughly $1 billion that would value the firm of roughly $20 billion, according to Bloomberg, nearly tripling the $7.6 billion valuation it established in January.
More from WWD
Ravel Raises $8.2M to Tackle Fashion's Elastane Problem
Auction Marketplace Buywander Secures $21M in Funding
#delivery
The autonomous delivery company is in talks to raise roughly $1 billion that would value the firm of roughly $20 billion, according to Bloomberg, nearly tripling the $7.6 billion valuation it established in January.
More from WWD
Ravel Raises $8.2M to Tackle Fashion's Elastane Problem
Auction Marketplace Buywander Secures $21M in Funding
#delivery
2 months ago
SCHD delivers nearly double VIG's forward yield at roughly 3% compared to 1.7%, making it the stronger cash anchor for retirees funding withdrawals today.
Despite radically different portfolios, both funds produced nearly identical 10-year returns: VIG at 243% versus SCHD's 237%.
With the 10-year Treasury at 5%, rising rates are punishing VIG's growth tilt, and SCHD leads year-to-date by a wide margin of 25% to 8%.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Retirees weighing a dividend anchor keep landing on the same two funds: Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) and Vanguard Dividend Appreciation ETF (NYSEARCA:VIG). They look like siblings but diverge sharply under the hood. SCHD screens hard for cash-flow quality and pays a meaningfully higher current yield. VIG buys only companies with 10-plus consecutive years of dividend increases and explicitly kicks out the highest-yielding quartile. That single rule sends the two funds toward very different portfolios, and it is showing up in the returns.
#Dividend #same #nearly #cash
Despite radically different portfolios, both funds produced nearly identical 10-year returns: VIG at 243% versus SCHD's 237%.
With the 10-year Treasury at 5%, rising rates are punishing VIG's growth tilt, and SCHD leads year-to-date by a wide margin of 25% to 8%.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Retirees weighing a dividend anchor keep landing on the same two funds: Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD) and Vanguard Dividend Appreciation ETF (NYSEARCA:VIG). They look like siblings but diverge sharply under the hood. SCHD screens hard for cash-flow quality and pays a meaningfully higher current yield. VIG buys only companies with 10-plus consecutive years of dividend increases and explicitly kicks out the highest-yielding quartile. That single rule sends the two funds toward very different portfolios, and it is showing up in the returns.
#Dividend #same #nearly #cash
2 months ago
On August 19, Ferrovial (NASDAQ:FER) announced it had been selected to deliver the I-24 Southeast Choice Lanes, a 26-mile project running between Nashville and Murfreesboro. It is the largest single capital investment in Tennessee's history and the state's first public-private partnership. The price tag is $9.2 billion, though Ferrovial isn't carrying it alone, since its DriveTN consortium also counts Transurban and Tikehau Star Infra as partners.
Choice lanes are familiar ground for Ferrovial, which has replicated the model in Washington, D.C., Charlotte and Dallas-Fort Worth. On Virginia's 66 Express corridor, similar lanes shaved up to 50% off peak-hour travel times. That is the pitch for I-24, a stretch of highway that already ranks among the region's most jammed: drivers who opt in get steadier speeds, and those in the free lanes should see less traffic too.
The business behind the bid looks healthy, too. Ferrovial's July 28 results showed adjusted EBITDA up 21.6% on a like-for-like basis to €746 million over the first six months of the year, with U.S. highways doing most of the lifting. Those roads are sending cash home as well, since Ferrovial received €357 million in dividends from North America. And the construction order book reached an all-time high of €18 billion, so plenty of work is already in hand. The pipeline keeps filling: Ferrovial bid on I-285 East in Georgia in July, and its D35 Highway bid in the Czech Republic was the most cost-effective submitted, with technical evaluation still underway.
Beyond the roads, the balance sheet looks sturdy. Ferrovial ended the first half with €1.3 billion in net cash, excluding infrastructure projects, meaning cash outweighs debt outside those projects. The airport arm is progressing too: Ferrovial has finished funding the $1.1 billion in equity it pledged for New Terminal One at JFK, and construction there is 92% complete.
Start with the line that looks worst on the page. Net profit for the first half of 2026 came in at €258 million, versus €540 million for the same period of 2025. That earlier figure included capital gains from ******* et rotation, which makes the comparison harsh, but the mismatch is still there: EBITDA climbed while reported profit fell.
#first #million #choice
Choice lanes are familiar ground for Ferrovial, which has replicated the model in Washington, D.C., Charlotte and Dallas-Fort Worth. On Virginia's 66 Express corridor, similar lanes shaved up to 50% off peak-hour travel times. That is the pitch for I-24, a stretch of highway that already ranks among the region's most jammed: drivers who opt in get steadier speeds, and those in the free lanes should see less traffic too.
The business behind the bid looks healthy, too. Ferrovial's July 28 results showed adjusted EBITDA up 21.6% on a like-for-like basis to €746 million over the first six months of the year, with U.S. highways doing most of the lifting. Those roads are sending cash home as well, since Ferrovial received €357 million in dividends from North America. And the construction order book reached an all-time high of €18 billion, so plenty of work is already in hand. The pipeline keeps filling: Ferrovial bid on I-285 East in Georgia in July, and its D35 Highway bid in the Czech Republic was the most cost-effective submitted, with technical evaluation still underway.
Beyond the roads, the balance sheet looks sturdy. Ferrovial ended the first half with €1.3 billion in net cash, excluding infrastructure projects, meaning cash outweighs debt outside those projects. The airport arm is progressing too: Ferrovial has finished funding the $1.1 billion in equity it pledged for New Terminal One at JFK, and construction there is 92% complete.
Start with the line that looks worst on the page. Net profit for the first half of 2026 came in at €258 million, versus €540 million for the same period of 2025. That earlier figure included capital gains from ******* et rotation, which makes the comparison harsh, but the mismatch is still there: EBITDA climbed while reported profit fell.
#first #million #choice
2 months ago
The ******* e Exploration Technologies (NASDAQ: SPCX) IPO was one of the most highly anticipated public offerings in years. Within a few days of going public, ******* eX had a valuation of $2.7 trillion after raising nearly $86 billion in funding.
Then things started going sideways. The stock began falling amid fears that ******* eX is spending too much on artificial intelligence (AI) infrastructure, and shares still trade below their opening price of $150 as of this writing. At one point, the share price fell enough to wipe out more than $1 trillion from ******* eX's valuation over a one-month span.
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 »
Another AI company, Anthropic, could go public as soon as next month. Like ******* eX, it's a highly anticipated IPO. But investors would be wise to take the recent ******* eX sell-off as a warning that buying IPO stocks when they first go public is rarely a good move. History shows it's far better to wait before buying -- here's why.
While there was an initial surge in interest for ******* eX, investors quickly turned their attention to the company's massive AI spending spree. The company's capital expenditures (capex) jumped 308% in the first six months of this year, compared to 2025, reaching $28.5 billion. That's a hefty sum, especially when you consider that ******* eX sales were just $12.5 billion over that same period.
#billion #first
Then things started going sideways. The stock began falling amid fears that ******* eX is spending too much on artificial intelligence (AI) infrastructure, and shares still trade below their opening price of $150 as of this writing. At one point, the share price fell enough to wipe out more than $1 trillion from ******* eX's valuation over a one-month span.
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 »
Another AI company, Anthropic, could go public as soon as next month. Like ******* eX, it's a highly anticipated IPO. But investors would be wise to take the recent ******* eX sell-off as a warning that buying IPO stocks when they first go public is rarely a good move. History shows it's far better to wait before buying -- here's why.
While there was an initial surge in interest for ******* eX, investors quickly turned their attention to the company's massive AI spending spree. The company's capital expenditures (capex) jumped 308% in the first six months of this year, compared to 2025, reaching $28.5 billion. That's a hefty sum, especially when you consider that ******* eX sales were just $12.5 billion over that same period.
#billion #first
2 months ago
One of the challenges for nontraditional fintech lenders has been the expense **** ociated with lending.
Because most of them do not have bank charters, they must partner with a traditional third-party bank to fund their loans. However, they must pay a fee or provide a cut of interest income earned on every loan they make using a third party. That eats into their profits.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
A federal bank charter would allow the fintechs to take deposits, because without one, they cannot. The deposits serve as an internal funding source, as loans can be made from the deposit base. With an internal funding source, these fintechs do not have to get third-party funding for loans, which, in turn, allows them to save on fees and collect all of the interest income.
Since fintechs started popping up more frequently over the past five or six years, federal regulators have been reluctant to grant bank charters to fintechs, imposing stringent requirements. But that has changed over the past couple of years as restrictions have eased. There has been a surge in the number of fintechs applying for, and getting, bank charters.
#Fintechs #missed #interest
Because most of them do not have bank charters, they must partner with a traditional third-party bank to fund their loans. However, they must pay a fee or provide a cut of interest income earned on every loan they make using a third party. That eats into their profits.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our **** ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
A federal bank charter would allow the fintechs to take deposits, because without one, they cannot. The deposits serve as an internal funding source, as loans can be made from the deposit base. With an internal funding source, these fintechs do not have to get third-party funding for loans, which, in turn, allows them to save on fees and collect all of the interest income.
Since fintechs started popping up more frequently over the past five or six years, federal regulators have been reluctant to grant bank charters to fintechs, imposing stringent requirements. But that has changed over the past couple of years as restrictions have eased. There has been a surge in the number of fintechs applying for, and getting, bank charters.
#Fintechs #missed #interest
2 months ago
BuyWander says it plan to use the fresh capital to drive its expansion throughout the US, support technological upgrades, and bolster its executive team.
The investment was headed by Madrona Venture Group and Inspired Capital. Past supporters of the company include Triple Impact Capital, Silence Ventures, Animal Capital, as well as several angel investors.
The business currently has eight locations and has lately entered the Denver and Chicago markets, with a new warehouse site scheduled to open soon in Minneapolis.
BuyWander co-founder and CEO Jordan Allen said: "Retailers are sitting on billions of dollars in returned and overstocked inventory every year, and buyers are hungry for a better way to access it. We've seen that appetite play out in every market we've entered. This funding lets us bring that experience to more cities, faster, and put BuyWander in front of the next wave of buyers who are done with the old returns model."
Founded in 2023 by Jordan Allen and Brock Kowalchuk, BuyWander is an auction-based marketplace that links buyers with returned and surplus goods from retailers such as Amazon, Target and Walmart.
#capital #buyers #allen
The investment was headed by Madrona Venture Group and Inspired Capital. Past supporters of the company include Triple Impact Capital, Silence Ventures, Animal Capital, as well as several angel investors.
The business currently has eight locations and has lately entered the Denver and Chicago markets, with a new warehouse site scheduled to open soon in Minneapolis.
BuyWander co-founder and CEO Jordan Allen said: "Retailers are sitting on billions of dollars in returned and overstocked inventory every year, and buyers are hungry for a better way to access it. We've seen that appetite play out in every market we've entered. This funding lets us bring that experience to more cities, faster, and put BuyWander in front of the next wave of buyers who are done with the old returns model."
Founded in 2023 by Jordan Allen and Brock Kowalchuk, BuyWander is an auction-based marketplace that links buyers with returned and surplus goods from retailers such as Amazon, Target and Walmart.
#capital #buyers #allen
2 months ago
When developers hand governance to residents at build-out, HOA fees spike as homeowners absorb true amenity costs and cover reserve underfunding through special ****** sments.
HOA fee increases in post-transition communities routinely outpace the 2027 Social Security COLA of roughly 3%, squeezing retirees on fixed incomes.
Demand the reserve study, CC&Rs, and community development district bond balance before signing. If the sales office stalls, the pitch was rehearsed, not substantiated.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Readers in their late fifties and early sixties ask weekly: Can I retire to a Margaritaville community, and what will it cost over twenty or thirty years? The brochure sells one version, while the sales center sells another. The real question a retiree should ask is what happens once marketing wears off and the structural issue the sales presentation almost never covers emerges.
#retirees #community #years #sells
HOA fee increases in post-transition communities routinely outpace the 2027 Social Security COLA of roughly 3%, squeezing retirees on fixed incomes.
Demand the reserve study, CC&Rs, and community development district bond balance before signing. If the sales office stalls, the pitch was rehearsed, not substantiated.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
Readers in their late fifties and early sixties ask weekly: Can I retire to a Margaritaville community, and what will it cost over twenty or thirty years? The brochure sells one version, while the sales center sells another. The real question a retiree should ask is what happens once marketing wears off and the structural issue the sales presentation almost never covers emerges.
#retirees #community #years #sells
2 months ago
PUBLISHED
SEP 19, 2026 AT 07:23 AM EDT
UPDATED
SEP 19, 2026 AT 07:24 AM EDT
A fundraiser for Michael Desronvil, the lone juror who favored convicting Lindsay Clancy in her closely watched Massachusetts murder trial, has passed $300,000 on crowdfunding platform GiveSendGo.
#published #updated
SEP 19, 2026 AT 07:23 AM EDT
UPDATED
SEP 19, 2026 AT 07:24 AM EDT
A fundraiser for Michael Desronvil, the lone juror who favored convicting Lindsay Clancy in her closely watched Massachusetts murder trial, has passed $300,000 on crowdfunding platform GiveSendGo.
#published #updated
2 months ago
On August 6, APA Corporation (NASDAQ:APA) held its second-quarter earnings call, and one number stood out from the rest. The oil and gas producer is now holding its Permian oil production steady with four drilling rigs, half the eight it once estimated it would need. Adjusted production of 347,000 barrels of oil equivalent per day beat management's own guidance, free cash flow kept climbing, and the balance sheet is healing faster than planned. That combination is the story of the quarter.
APA raised its full-year US oil guidance to 123,000 barrels per day, up from an original 120,000, while holding its capital budget at $1.3 billion despite higher diesel and other input costs. Management also lifted its cost-savings target to $500 million in annualized run-rate savings by year-end, up from the $450 million goal it set at the start of the year.
That flexibility is showing up in cash flow. Free cash flow hit $738 million in the second quarter, pushing the first half of 2026 past $1.2 billion, which topped what APA generated in each of the past three full years. The company returned $189 million of that to shareholders through dividends and the repurchase of 2.8 million shares at an average price of $35.26, continuing a streak of returning at least 60% of free cash flow to investors every year since 2021.
The balance sheet is moving just as fast. Net debt stood at $3.3 billion at quarter-end after APA repaid $752 million of bonds in the first half, including $673 million in the second quarter alone, cutting total debt by $2.3 billion since the end of 2024 and lowering annualized interest expense by roughly $175 million. Management now expects to hit its $3 billion net debt target in 2027, well ahead of the three- to four-year window it laid out when the goal was first announced.
Further out, APA is building option value beyond its core Permian and Egypt ****** ets. It agreed to acquire Savant Alaska for $70 million, picking up an airstrip, a dock, and a pipeline connection into the Trans Alaska system to support two exploration wells planned for 2027. In Uruguay, ENI signed on as a partner in Block 6, funding a significant share of the first exploration well while APA keeps 60% ownership. In Suriname, the GranMorgu project remains on budget for first oil in mid-2028.
#billion
APA raised its full-year US oil guidance to 123,000 barrels per day, up from an original 120,000, while holding its capital budget at $1.3 billion despite higher diesel and other input costs. Management also lifted its cost-savings target to $500 million in annualized run-rate savings by year-end, up from the $450 million goal it set at the start of the year.
That flexibility is showing up in cash flow. Free cash flow hit $738 million in the second quarter, pushing the first half of 2026 past $1.2 billion, which topped what APA generated in each of the past three full years. The company returned $189 million of that to shareholders through dividends and the repurchase of 2.8 million shares at an average price of $35.26, continuing a streak of returning at least 60% of free cash flow to investors every year since 2021.
The balance sheet is moving just as fast. Net debt stood at $3.3 billion at quarter-end after APA repaid $752 million of bonds in the first half, including $673 million in the second quarter alone, cutting total debt by $2.3 billion since the end of 2024 and lowering annualized interest expense by roughly $175 million. Management now expects to hit its $3 billion net debt target in 2027, well ahead of the three- to four-year window it laid out when the goal was first announced.
Further out, APA is building option value beyond its core Permian and Egypt ****** ets. It agreed to acquire Savant Alaska for $70 million, picking up an airstrip, a dock, and a pipeline connection into the Trans Alaska system to support two exploration wells planned for 2027. In Uruguay, ENI signed on as a partner in Block 6, funding a significant share of the first exploration well while APA keeps 60% ownership. In Suriname, the GranMorgu project remains on budget for first oil in mid-2028.
#billion
2 months ago
On September 4, the U.S. Department of War (DoW) announced a $336,112,000 Navy contract for Huntington Ingalls Industries, Inc. (NYSE:HII) to advance procurement of long-lead materials for the construction of the future USS William J. Clinton (CVN 82).
Work on the program will be executed in Newport News, Virginia, with completion anticipated by March 2039. Shipbuilding and conversion funding from FY 2026 will be obligated at the time of award.
The contract is not just a headline number, but reaffirms the company's status as the sole nuclear carrier builder for the U.S. Navy.
The long lead materials contract has secured Huntington Ingalls Industries, Inc. (NYSE:HII)'s role on the CVN 82 well before construction begins, which has extended revenue visibility to 2039.
According to defense websites, the Navy plans on spending $22.34 billion on its aircraft carrier replacement program over the next five years. This contract can be seen as among the first in a larger sequence, with more awards to come as procurement accelerates.
#navy #contract #ingalls #industries
Work on the program will be executed in Newport News, Virginia, with completion anticipated by March 2039. Shipbuilding and conversion funding from FY 2026 will be obligated at the time of award.
The contract is not just a headline number, but reaffirms the company's status as the sole nuclear carrier builder for the U.S. Navy.
The long lead materials contract has secured Huntington Ingalls Industries, Inc. (NYSE:HII)'s role on the CVN 82 well before construction begins, which has extended revenue visibility to 2039.
According to defense websites, the Navy plans on spending $22.34 billion on its aircraft carrier replacement program over the next five years. This contract can be seen as among the first in a larger sequence, with more awards to come as procurement accelerates.
#navy #contract #ingalls #industries
2 months ago
BitMEX has settled and delisted XBTUSD, ending one of the most influential trades in crypto history. The Bitcoin contract ran for more than 10 years and became the template for the perpetual futures market that dominates crypto trading today.
BitMEX itself will shut down on September 23. Yet the product it created is everywhere.
XBTUSD launched on May 13, 2016. It allowed traders to bet on Bitcoin without an expiry date.
Traditional futures expire on fixed dates. XBTUSD did not. That kept traders in one continuous market instead of splitting liquidity between different contracts.
BitMEX also introduced a funding system to keep the contract close to Bitcoin's spot price. When too many traders crowded onto one side, they paid the other side.
#xbtusd #Crypto #contract
BitMEX itself will shut down on September 23. Yet the product it created is everywhere.
XBTUSD launched on May 13, 2016. It allowed traders to bet on Bitcoin without an expiry date.
Traditional futures expire on fixed dates. XBTUSD did not. That kept traders in one continuous market instead of splitting liquidity between different contracts.
BitMEX also introduced a funding system to keep the contract close to Bitcoin's spot price. When too many traders crowded onto one side, they paid the other side.
#xbtusd #Crypto #contract
2 months ago
CoreWeave (NASDAQ:CRWV), a GPU-accelerated cloud infrastructure provider, closed at $79.88, down 4.16%. The stock fell after CoreWeave announced convertible debt and a share sale, and investors are watching financing costs and infrastructure expansion.
Trading volume reached 78.3 million shares, coming in about 176% above its three-month average of 28.4 million shares. CoreWeave IPO'd in 2025 and has doubled since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,637, up 1.13%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,418, up 1.69%. Among specialized cloud computing and AI infrastructure services peers, Nebius Group (NASDAQ:NBIS) closed at $217.99, up 4.12%, and Iren (NASDAQ:IREN) closed at $43.48, up 2.02%, as investors kept weighing AI buildout demand against funding needs.
It's important to note why CoreWeave stock dropped while shares of its closest peers rose sharply today. The companies are in a capital-intensive spending growth stretch. Demand for high-powered compute cloud ******* e for AI is huge, and CoreWeave announced today that it would raise money to meet that demand in two ways.
Its share offering and convertible bond offering are both likely to be dilutive to shareholders. But it takes money to make money, and CoreWeave also reinforced today that it is raising prices for its compute cloud contracts.
But the debt and share issuance contrasts with the solid cash position of peer Iren, for example. Iren has built up cash from its existing crypto mining operations.
#iren #infrastructure #shares
Trading volume reached 78.3 million shares, coming in about 176% above its three-month average of 28.4 million shares. CoreWeave IPO'd in 2025 and has doubled since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,637, up 1.13%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) closed at 26,418, up 1.69%. Among specialized cloud computing and AI infrastructure services peers, Nebius Group (NASDAQ:NBIS) closed at $217.99, up 4.12%, and Iren (NASDAQ:IREN) closed at $43.48, up 2.02%, as investors kept weighing AI buildout demand against funding needs.
It's important to note why CoreWeave stock dropped while shares of its closest peers rose sharply today. The companies are in a capital-intensive spending growth stretch. Demand for high-powered compute cloud ******* e for AI is huge, and CoreWeave announced today that it would raise money to meet that demand in two ways.
Its share offering and convertible bond offering are both likely to be dilutive to shareholders. But it takes money to make money, and CoreWeave also reinforced today that it is raising prices for its compute cloud contracts.
But the debt and share issuance contrasts with the solid cash position of peer Iren, for example. Iren has built up cash from its existing crypto mining operations.
#iren #infrastructure #shares
2 months ago
Realty Income Corporation (NYSE:O) announced on September 14 a European property venture in which capital accounts advised by KKR & Co. Inc. (NYSE:KKR) intend to invest €528 million for a 49% interest. Closing is expected September 30, subject to customary conditions.
Realty Income Corporation (NYSE:O) would receive approximately €528 million in gross proceeds while retaining 51% ownership and day-to-day ******* et management. The contributed portfolio carries a 5.9% effective initial capitalization rate after recurring management fees. The question is whether redeploying the capital and earning fees can more than offset the rental economics transferred to the partner.
The venture could provide another funding source for acquisitions. Selling a minority interest in existing properties can release capital while preserving operational continuity. It also gives management an alternative when public equity or debt financing offers less attractive terms.
Management fees add a second source of income alongside retained property earnings. Realty Income Corporation (NYSE:O) could use its existing European operating platform to manage the venture, potentially spreading overhead across a broader pool of investor capital. The benefit depends on fee revenue exceeding the incremental costs of providing those services.
The structure includes a further source of potential upside. Realty Income Corporation (NYSE:O) would have an option to redeem the partner's interest after year 10 and through year 17. The redemption price would provide a capped internal rate of return, an annualized return accounting for cash-flow timing, expected at 6.3% to 6.5% and finalized at closing.
#NYSE #corporation #management #source
Realty Income Corporation (NYSE:O) would receive approximately €528 million in gross proceeds while retaining 51% ownership and day-to-day ******* et management. The contributed portfolio carries a 5.9% effective initial capitalization rate after recurring management fees. The question is whether redeploying the capital and earning fees can more than offset the rental economics transferred to the partner.
The venture could provide another funding source for acquisitions. Selling a minority interest in existing properties can release capital while preserving operational continuity. It also gives management an alternative when public equity or debt financing offers less attractive terms.
Management fees add a second source of income alongside retained property earnings. Realty Income Corporation (NYSE:O) could use its existing European operating platform to manage the venture, potentially spreading overhead across a broader pool of investor capital. The benefit depends on fee revenue exceeding the incremental costs of providing those services.
The structure includes a further source of potential upside. Realty Income Corporation (NYSE:O) would have an option to redeem the partner's interest after year 10 and through year 17. The redemption price would provide a capped internal rate of return, an annualized return accounting for cash-flow timing, expected at 6.3% to 6.5% and finalized at closing.
#NYSE #corporation #management #source
2 months ago
American Tower Corporation (NYSE:AMT) priced $1.6 billion of senior notes on September 9: $500 million at 5.300% due 2031, $500 million at 5.560% due 2033, and $600 million at 5.750% due 2036. Once issued, the three tranches would carry combined annual coupons of $88.8 million, equivalent to a weighted average coupon of 5.55%.
American Tower Corporation (NYSE:AMT) expects approximately $1.580 billion in net proceeds. It intends to use $600 million to repay 1.450% notes due in 2026, with additional proceeds designated for revolving-credit debt and general corporate purposes. The financing exchanges a near-term repayment requirement and some revolving debt for longer fixed-rate obligations.
The investment question is whether greater funding certainty compensates for the higher cash-interest commitment.
American Tower Corporation (NYSE:AMT) would remove a $600 million maturity falling due this year once the planned repayment occurs. That reduces exposure to having to refinance the obligation closer to its deadline, when borrowing conditions could be less favorable.
The new maturities also distribute principal repayments across 2031, 2033 and 2036. For American Tower Corporation (NYSE:AMT), a spread of repayment dates can support financial planning across its communications-site and data-center portfolio. Fixed coupons make the cost of this funding predictable.
#tower
American Tower Corporation (NYSE:AMT) expects approximately $1.580 billion in net proceeds. It intends to use $600 million to repay 1.450% notes due in 2026, with additional proceeds designated for revolving-credit debt and general corporate purposes. The financing exchanges a near-term repayment requirement and some revolving debt for longer fixed-rate obligations.
The investment question is whether greater funding certainty compensates for the higher cash-interest commitment.
American Tower Corporation (NYSE:AMT) would remove a $600 million maturity falling due this year once the planned repayment occurs. That reduces exposure to having to refinance the obligation closer to its deadline, when borrowing conditions could be less favorable.
The new maturities also distribute principal repayments across 2031, 2033 and 2036. For American Tower Corporation (NYSE:AMT), a spread of repayment dates can support financial planning across its communications-site and data-center portfolio. Fixed coupons make the cost of this funding predictable.
#tower
2 months ago
Alcoa Corporation (NYSE:AA) priced $2.6 billion of acquisition financing on September 9, 2026, through two wholly owned subsidiaries. Alumina Pty Ltd will issue $1.5 billion of 6.625% notes due 2034, while Alcoa Nederland Holding B.V. will issue $1.1 billion of 6.875% notes due 2036. Alcoa Corporation (NYSE:AA) and certain subsidiaries will guarantee the notes on a senior unsecured basis.
The tranches imply annual coupons of $99.375 million and $75.625 million, respectively, totaling exactly $175 million. Settlement is expected on September 23. Net proceeds and cash on hand would fund the approximately $3.1 billion cash portion of the South32 Limited (ASX:S32) ****** et acquisition, plus related fees and expenses.
For Alcoa Corporation (NYSE:AA), successful settlement would secure longer-dated funding and allow termination of the remaining 364-day bridge commitments. Maturities in 2034 and 2036 give management time to integrate the ****** ets before principal comes due.
The operating opportunity lies in linking additional bauxite resources, alumina refining and aluminum production. Better coordination could strengthen feedstock security and improve purchasing, logistics and plant economics. Acquired earnings and operating improvements could produce recurring cash to service the debt while funding reinvestment.
Fixed coupons also make the interest burden predictable. Strong ****** et performance could support debt reduction and give shareholders a growing share of incremental cash generation.
#notes #september
The tranches imply annual coupons of $99.375 million and $75.625 million, respectively, totaling exactly $175 million. Settlement is expected on September 23. Net proceeds and cash on hand would fund the approximately $3.1 billion cash portion of the South32 Limited (ASX:S32) ****** et acquisition, plus related fees and expenses.
For Alcoa Corporation (NYSE:AA), successful settlement would secure longer-dated funding and allow termination of the remaining 364-day bridge commitments. Maturities in 2034 and 2036 give management time to integrate the ****** ets before principal comes due.
The operating opportunity lies in linking additional bauxite resources, alumina refining and aluminum production. Better coordination could strengthen feedstock security and improve purchasing, logistics and plant economics. Acquired earnings and operating improvements could produce recurring cash to service the debt while funding reinvestment.
Fixed coupons also make the interest burden predictable. Strong ****** et performance could support debt reduction and give shareholders a growing share of incremental cash generation.
#notes #september
