21 days ago
American Express (NYSE: AXP) has been a staple of Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) portfolio for decades -- with Warren Buffett essentially completing purchases of the stock by 1995. Buffett's hand-picked successor -- Greg Abel -- expects American Express to remain a long-term compounder and a core Berkshire holding because it's a business Berkshire understands well and trusts its management team.
American Express also features a growing dividend. It doesn't raise it every year, but even during the 2008 financial crisis, when many banks and financial services companies were slashing their payouts, American Express held its quarterly dividend steady at $0.18 per share.
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 »
American Express has substantially increased its dividend since then. The next payment of $0.95 per share is payable on Nov. 10 to shareholders on record as of Oct. 9.
Here's how many shares of American Express you'd need to generate $1,000 in yearly dividends, and the three levers American Express pulls to reward long-term shareholders.
#signal
American Express also features a growing dividend. It doesn't raise it every year, but even during the 2008 financial crisis, when many banks and financial services companies were slashing their payouts, American Express held its quarterly dividend steady at $0.18 per share.
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 »
American Express has substantially increased its dividend since then. The next payment of $0.95 per share is payable on Nov. 10 to shareholders on record as of Oct. 9.
Here's how many shares of American Express you'd need to generate $1,000 in yearly dividends, and the three levers American Express pulls to reward long-term shareholders.
#signal
21 days ago
Verizon yields 6% versus AT&T's 5%, but AT&T slashed its dividend 47% in 2022 while Verizon has raised its payout for 20 consecutive years.
AT&T's EchoStar (SATS) spectrum purchase pushes its leverage from 2.68x toward 3.2x, delaying a return to its 2.5x target by roughly three years.
Verizon's 2026 free cash flow grows 9-10% to roughly $22B; AT&T's management says dividends and buybacks will consume essentially 100% of its FCF.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Verizon (NYSE:VZ) orAT&T (NYSE:T): Which yield can you trust to keep paying, and growing, for the next decade? I pick Verizon, and the gap between the two is wider than the reported yields suggest.
#verizon #years
AT&T's EchoStar (SATS) spectrum purchase pushes its leverage from 2.68x toward 3.2x, delaying a return to its 2.5x target by roughly three years.
Verizon's 2026 free cash flow grows 9-10% to roughly $22B; AT&T's management says dividends and buybacks will consume essentially 100% of its FCF.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Verizon (NYSE:VZ) orAT&T (NYSE:T): Which yield can you trust to keep paying, and growing, for the next decade? I pick Verizon, and the gap between the two is wider than the reported yields suggest.
#verizon #years
21 days ago
Pfizer paid $9.8B in dividends in 2025 while earning only $7.7B in net income, marking the third straight year its payout exceeded its profit.
Icahn Enterprises yields near 30% but lost money every year from 2021 to 2025 and has already slashed its quarterly payout from $2.00 to $0.50.
Dow halved its dividend yet still failed to cover it from operating cash in 2025, posting a $2.6B net loss the same year.
Building a portfolio and living off one are two completely different skills, and almost **** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Pfizer (NYSE:PFE) paid $9.771 billion in dividends in 2025 and earned net income of $7.746 billion. That was the third straight year the payout ran ahead of profit. When this repeats year after year, it is company policy. A high yield lasts only as long as the cash behind it does.
#year #pfizer #only
Icahn Enterprises yields near 30% but lost money every year from 2021 to 2025 and has already slashed its quarterly payout from $2.00 to $0.50.
Dow halved its dividend yet still failed to cover it from operating cash in 2025, posting a $2.6B net loss the same year.
Building a portfolio and living off one are two completely different skills, and almost **** ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Pfizer (NYSE:PFE) paid $9.771 billion in dividends in 2025 and earned net income of $7.746 billion. That was the third straight year the payout ran ahead of profit. When this repeats year after year, it is company policy. A high yield lasts only as long as the cash behind it does.
#year #pfizer #only
22 days ago
GNL paid out more in dividends than it earned in operating cash for four straight years and has already slashed its quarterly dividend from $0.53 to $0.19; PSEC's NAV fell from $6.56 to $5.71 while distributions exceeded net investment income.
IEP carries a 30% yield but posted net losses every year from 2019 through 2025 and slashed distributions from $2 to $0.50 per quarter while units dropped 66% over five years.
BEP and CWEN both rely on billions in annual financing inflows to fund distributions, with BEP's 2025 capex hitting $6.7 billion against just $1.5 billion in operating cash flow.
Building a portfolio and living off one are two completely different skills, and almost ******* ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
One stock on this list has a forward yield of about 30%. For a retiree, a number like that looks like a solid paycheck. A high yield only means something if the payout is sustainable, and each of the five names below has spent years sending out more cash than the business brought in.
#distributions #operating #slashed
IEP carries a 30% yield but posted net losses every year from 2019 through 2025 and slashed distributions from $2 to $0.50 per quarter while units dropped 66% over five years.
BEP and CWEN both rely on billions in annual financing inflows to fund distributions, with BEP's 2025 capex hitting $6.7 billion against just $1.5 billion in operating cash flow.
Building a portfolio and living off one are two completely different skills, and almost ******* ody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
One stock on this list has a forward yield of about 30%. For a retiree, a number like that looks like a solid paycheck. A high yield only means something if the payout is sustainable, and each of the five names below has spent years sending out more cash than the business brought in.
#distributions #operating #slashed
1 month ago
Array Technologies (ARRY) shares moved meaningfully lower on Sept. 18 after a senior UBS **** yst, Jon Windham, downgraded the solar tracking manufacturer to "Neutral." Windham also slashed his price target in half to $5, cautioning investors against expecting a swift recovery in ARRY in the near term.
His bearish call is meaningful, given that Array Technologies stock has already been a disappointment for investors in 2026, currently down more than 65% versus its year-to-date high.
Elon Musk, Who Became the World's First Trillionaire, Still Sleeps in a Tiny $50,000 House Where His Mom Uses the Garage — 'It's Kinda Awesome Though'
How to Play AMZN Stock as Amazon Unveils Project Mercury
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
#arry #Stock #musk
His bearish call is meaningful, given that Array Technologies stock has already been a disappointment for investors in 2026, currently down more than 65% versus its year-to-date high.
Elon Musk, Who Became the World's First Trillionaire, Still Sleeps in a Tiny $50,000 House Where His Mom Uses the Garage — 'It's Kinda Awesome Though'
How to Play AMZN Stock as Amazon Unveils Project Mercury
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
#arry #Stock #musk
1 month ago
Netflix (NFLX) shares are on track to record their worst year since 2022, but a senior Wells Fargo ******* yst, Steven Cahall, cautions against hoping for a swift recovery. In his latest research note, Cahall downgraded the streaming giant to "Underweight" and slashed his price target to $57, indicating potential downside of another 20% from here.
At the time of writing, Netflix stock is already trading about 35% below its year-to-date high.
Bank of America Just Declared a 'Generational Entry Point' in U.S. Bonds. Why Investors Should Be Backing Up the Truck on Treasuries Here.
Mark Cuban Says He Was Dizzy for Months, So He Built a VR Fix That Does at Home 'Much Of What A 180k Machine' Does
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
#netflix #wells #fargo #steven
At the time of writing, Netflix stock is already trading about 35% below its year-to-date high.
Bank of America Just Declared a 'Generational Entry Point' in U.S. Bonds. Why Investors Should Be Backing Up the Truck on Treasuries Here.
Mark Cuban Says He Was Dizzy for Months, So He Built a VR Fix That Does at Home 'Much Of What A 180k Machine' Does
JPMorgan Gives Up Forecasting Iran War Endgame as Trump Tells Reporters 'Anything Could Happen With Me'
#netflix #wells #fargo #steven
1 month ago
Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at an alarming rate. While parts of the economy are falling into chaos, Argentina's oil and gas sector is experiencing a generational boom driven by the Vaca Muerta shale.
Argentina's vital hydrocarbon sector continues to surge, with oil production hitting yet another record in July 2026. Output reached 902,920 barrels per day, almost 1% above June and 12% higher than a year earlier, marking the country's highest oil production on record. Natural gas production has also expanded strongly, although output slipped 0.5% month over month and 1.6% year over year in July to average 5.6 billion cubic feet per day. That modest setback barely dents the bigger picture: economically crucial gas production has surged 21% over the past five years.
It is the ongoing and growing exploitation of the Vaca Muerta shale, situated in northern Patagonia in Neuquén Province which is responsible for Argentina's booming oil and natural gas complex. For July 2026, shale oil production rose by 1.2% month over month and a whopping 26% year over year to an all-time high of 648,347 barrels per day. As a result, shale oil now comprises a record 72% of Argentina's total petroleum output. This is also responsible for bolstering energy security in the Americas.
Shale gas production is also expanding at a healthy clip. For July 2026, Argentina lifted an average of 3.9 billion cubic feet per day of the fossil, which, despite being nearly 1% less than a month prior, was almost 4% higher year over year. That is the second-highest monthly shale gas production ever recorded. It was only eclipsed by June 2026 output, which hit 3.94 billion cubic feet per day. Shale gas now makes up 70% of Argentina's natural gas output, which is the highest level ever recorded.
Shale oil and gas production will keep growing at a solid pace, with Argentina on track to become a pure unconventional producer. You see, conventional oil output is in decline and has been for over a decade. Argentina's conventional fields are well past their prime, in many cases having hit peak production a decade ago with output now truly in decline. Government data shows July 2026 conventional oil production of 254,574 barrels per day, which is 2% lower than a month prior and 13% less year over year, indicating conventional oil output is 50% lower than a decade ago.
#shale #july #higher #record
Argentina's vital hydrocarbon sector continues to surge, with oil production hitting yet another record in July 2026. Output reached 902,920 barrels per day, almost 1% above June and 12% higher than a year earlier, marking the country's highest oil production on record. Natural gas production has also expanded strongly, although output slipped 0.5% month over month and 1.6% year over year in July to average 5.6 billion cubic feet per day. That modest setback barely dents the bigger picture: economically crucial gas production has surged 21% over the past five years.
It is the ongoing and growing exploitation of the Vaca Muerta shale, situated in northern Patagonia in Neuquén Province which is responsible for Argentina's booming oil and natural gas complex. For July 2026, shale oil production rose by 1.2% month over month and a whopping 26% year over year to an all-time high of 648,347 barrels per day. As a result, shale oil now comprises a record 72% of Argentina's total petroleum output. This is also responsible for bolstering energy security in the Americas.
Shale gas production is also expanding at a healthy clip. For July 2026, Argentina lifted an average of 3.9 billion cubic feet per day of the fossil, which, despite being nearly 1% less than a month prior, was almost 4% higher year over year. That is the second-highest monthly shale gas production ever recorded. It was only eclipsed by June 2026 output, which hit 3.94 billion cubic feet per day. Shale gas now makes up 70% of Argentina's natural gas output, which is the highest level ever recorded.
Shale oil and gas production will keep growing at a solid pace, with Argentina on track to become a pure unconventional producer. You see, conventional oil output is in decline and has been for over a decade. Argentina's conventional fields are well past their prime, in many cases having hit peak production a decade ago with output now truly in decline. Government data shows July 2026 conventional oil production of 254,574 barrels per day, which is 2% lower than a month prior and 13% less year over year, indicating conventional oil output is 50% lower than a decade ago.
#shale #july #higher #record
1 month ago
The broader benchmark S&P 500 (SNPINDEX:^GSPC) has seemingly hit a wall over the past month, down about 2.3%.
On the whole, the S&P 500 is still having a decent year, but considering the Iran war and high inflation expectations, among other concerns, it's not hard to see why investors and market strategists have grown concerned.
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 »
Recently, one of Wall Street's most bullish strategists trimmed his S&P 500 price target for the year.
Ed Yardeni of Yardeni Research recently slashed his forecast from 8,400 to 7,900, which suggests minimal upside in the final 3.5 months of the year, with the index already around 7,600. 8,400 had been the highest price target on the Street.
#yardeni #recently #price
On the whole, the S&P 500 is still having a decent year, but considering the Iran war and high inflation expectations, among other concerns, it's not hard to see why investors and market strategists have grown concerned.
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 »
Recently, one of Wall Street's most bullish strategists trimmed his S&P 500 price target for the year.
Ed Yardeni of Yardeni Research recently slashed his forecast from 8,400 to 7,900, which suggests minimal upside in the final 3.5 months of the year, with the index already around 7,600. 8,400 had been the highest price target on the Street.
#yardeni #recently #price
1 month ago
Wall Street is looking beyond this week's Federal Reserve interest-rate decision to a potentially bigger market-moving signal: the Fed's latest dot plot and what it says about the path for rates after an expected quarter-point hike.
Fed Chair Kevin Warsh faces a pivotal test of his inflation-fighting credibility as policymakers confront hotter prices, rising energy costs, and mounting bets on further rate increases.
A hike on Sept. 16 would be the Fed's first increase since July 2023, but investors may care even more what the dot plot signals for additional hikes and how aggressively Warsh intends to push rates to bring inflation back to the central bank's 2% goal.
Note that a rate hike is certain to draw highly vocal criticism from President Donald Trump and his allies, who have been campaigning for a drastic slash to 1% or less for years.
Remember, the Fed doesn't traditionally pull the "one and done" game when it comes to increasing the benchmark short-term interest rate. The Federal Open Market Committee reset of the Federal Funds Rate usually lands in a package of at least two, if not more.
#rate
Fed Chair Kevin Warsh faces a pivotal test of his inflation-fighting credibility as policymakers confront hotter prices, rising energy costs, and mounting bets on further rate increases.
A hike on Sept. 16 would be the Fed's first increase since July 2023, but investors may care even more what the dot plot signals for additional hikes and how aggressively Warsh intends to push rates to bring inflation back to the central bank's 2% goal.
Note that a rate hike is certain to draw highly vocal criticism from President Donald Trump and his allies, who have been campaigning for a drastic slash to 1% or less for years.
Remember, the Fed doesn't traditionally pull the "one and done" game when it comes to increasing the benchmark short-term interest rate. The Federal Open Market Committee reset of the Federal Funds Rate usually lands in a package of at least two, if not more.
#rate
1 month ago
Washington's biggest question this week: Why is President Donald Trump so furiously against an AI slowdown in the wake of apocalyptic warnings from some top industry executives?
The clue is in one word — "hoax" — that he's using to ridicule fears that computerized agents could one day seek to destroy humanity.
When Trump reaches for the H-word, two things are usually happening: He's facing a controversy threatening his political or personal priorities, and he's lost control of the politics.
Trump has long dismissed climate change as a "hoax." So it was a tell that he went on social media to specifically draw an ******* ogy between a planet that is warming despite his denials and the calls for AI controls expressed by leaders in the industry.
By changing reality, Trump frees himself from an obligation to act. In energy policy, that means "drill, baby, drill." His administration has slashed regulation, pleasing oil industry donors. His rants against wind farms suggest he hankers for a 20th-century economy running on carbon.
#Trump #hoax #week
The clue is in one word — "hoax" — that he's using to ridicule fears that computerized agents could one day seek to destroy humanity.
When Trump reaches for the H-word, two things are usually happening: He's facing a controversy threatening his political or personal priorities, and he's lost control of the politics.
Trump has long dismissed climate change as a "hoax." So it was a tell that he went on social media to specifically draw an ******* ogy between a planet that is warming despite his denials and the calls for AI controls expressed by leaders in the industry.
By changing reality, Trump frees himself from an obligation to act. In energy policy, that means "drill, baby, drill." His administration has slashed regulation, pleasing oil industry donors. His rants against wind farms suggest he hankers for a 20th-century economy running on carbon.
#Trump #hoax #week
1 month ago
This one had everything. Troy Melton struggled and got knocked out early, but the bullpen managed to bend without breaking. Meanwhile, the young Tigers hitters were centre stage as they fought back repeatedly with good at-bats late in this one. Kenley Jansen picked up his 496th major league save to wrap up the victory.
Monday night's first of three at the Rogers Centre featured Melton against right-hander José Soriano. The Blue Jays have had almost as strange a season as the Tigers. Struggling through the first half, they moved long time top starter Kevin Gausman, but acquired Soriano at the deadline as well, and have kept themselves in the thick of the wild card race.
Things didn't start off too well as the Tigers quickly went 1-2-3 in the first, and Melton immediately dug himself a hole. Brett Bateman led off by slashing a single the opposite way past a diving Hao-Yu Lee for a leadoff single. Bateman appeared to be thrown out stealing second on a pitch that was called a ball and incorrectly challenged by Dillon Dingler to walk George Springer. So everyone was safe, and after Vladimir Guerrero Jr. grounded out to advance the runners, Alejandro Kirk singled home Bateman for a 1-0 lead.
Melton didn't help his cause against Nathan Lukes by yanking a wild pitch to score Springer, but he retired Lukes and Kazuma Okamoto flew out to Clark to end the first inning. 2-0 Blue Jays.
A Dingler strikeout started the second inning, and Max Clark and Brett Callahan grounded out.
#melton #soriano #brett
Monday night's first of three at the Rogers Centre featured Melton against right-hander José Soriano. The Blue Jays have had almost as strange a season as the Tigers. Struggling through the first half, they moved long time top starter Kevin Gausman, but acquired Soriano at the deadline as well, and have kept themselves in the thick of the wild card race.
Things didn't start off too well as the Tigers quickly went 1-2-3 in the first, and Melton immediately dug himself a hole. Brett Bateman led off by slashing a single the opposite way past a diving Hao-Yu Lee for a leadoff single. Bateman appeared to be thrown out stealing second on a pitch that was called a ball and incorrectly challenged by Dillon Dingler to walk George Springer. So everyone was safe, and after Vladimir Guerrero Jr. grounded out to advance the runners, Alejandro Kirk singled home Bateman for a 1-0 lead.
Melton didn't help his cause against Nathan Lukes by yanking a wild pitch to score Springer, but he retired Lukes and Kazuma Okamoto flew out to Clark to end the first inning. 2-0 Blue Jays.
A Dingler strikeout started the second inning, and Max Clark and Brett Callahan grounded out.
#melton #soriano #brett
1 month ago
Pete Alonso returned to Citi Field on Monday with the Baltimore Orioles after seven seasons with the New York Mets, for whom he was arguably the face of the team.
Batting second for Baltimore, Alonso received a standing ovation from the crowd as his walk-up song "Layla" played over the ballpark loudspeakers. Alonso acknowledged the cheers by taking off his helmet and tipping it to the crowd.
Before the first pitch, fans chanted Alonso's name in appreciation for his seven seasons in Queens. The Mets also played a tribute video to their longtime slugger as fans and his former teammates applauded.
The chants continued as the game started and Alonso flew out to right field in his first at-bat.
In his seven seasons with the Mets, Alonso recorded a .253/.341/.516 slash line wth 264 home runs and 712 RBI. He won National League Rookie of the Year honors in 2019, when he hit 53 homers.
#seasons #field #first #fans
Batting second for Baltimore, Alonso received a standing ovation from the crowd as his walk-up song "Layla" played over the ballpark loudspeakers. Alonso acknowledged the cheers by taking off his helmet and tipping it to the crowd.
Before the first pitch, fans chanted Alonso's name in appreciation for his seven seasons in Queens. The Mets also played a tribute video to their longtime slugger as fans and his former teammates applauded.
The chants continued as the game started and Alonso flew out to right field in his first at-bat.
In his seven seasons with the Mets, Alonso recorded a .253/.341/.516 slash line wth 264 home runs and 712 RBI. He won National League Rookie of the Year honors in 2019, when he hit 53 homers.
#seasons #field #first #fans
2 months ago
If Carlos Correa is able to return to the Houston Astros lineup by the end of the regular season, he could play second base, The Athletic's Ken Rosenthal reports.
Correa, who turns 32 on Sept. 22, has been on the injured list since May 6 with a torn tendon in his left ankle that required surgery to repair. His 2026 season was believed to be over, as a result.
However, the 12-year veteran has been progressing well in his recovery and ran the bases earlier this week. The plan is for Correa to take up to 10 at-bats in live batting practice at the Astros' spring-training complex in West Palm Beach, Florida. If he doesn't deal with any setbacks, Correa could go on a minor-league rehab **** ignment with Triple-A Sugar Land next week.
Carlos Correa has reported to West Palm Beach and hit in the cages and took grounders there today, Joe Espada said. The plan is for Correa to start hitting on the field Monday.
In 32 games this season, Correa recorded a .279/.369/.418 slash average with 3 home runs, 8 doubles and 16 RBI. He played 23 games at shortstop and 14 at third base.
#season
Correa, who turns 32 on Sept. 22, has been on the injured list since May 6 with a torn tendon in his left ankle that required surgery to repair. His 2026 season was believed to be over, as a result.
However, the 12-year veteran has been progressing well in his recovery and ran the bases earlier this week. The plan is for Correa to take up to 10 at-bats in live batting practice at the Astros' spring-training complex in West Palm Beach, Florida. If he doesn't deal with any setbacks, Correa could go on a minor-league rehab **** ignment with Triple-A Sugar Land next week.
Carlos Correa has reported to West Palm Beach and hit in the cages and took grounders there today, Joe Espada said. The plan is for Correa to start hitting on the field Monday.
In 32 games this season, Correa recorded a .279/.369/.418 slash average with 3 home runs, 8 doubles and 16 RBI. He played 23 games at shortstop and 14 at third base.
#season
2 months ago
Mexico's government is slashing financial ******* istance for the state energy major by as much as 70% despite Pemex's continued struggle to pay down debt and boost production. The decision rests on expectations that the company will benefit from the oil and gas price rally spurred by the U.S. and Israeli war against Iran.
Per a Bloomberg report from this week, the government of Mexico sees Pemex posting a rare cash surplus of some 95 billion pesos, or around $5.63 billion, as a result of the oil price rally. Based on those expectations, the Scheinbaum government stipulated financial help of just 81 billion pesos for the company in next year's budget, equivalent to some $4.8 billion. This was down by 70% from this year.
"We said that by 2027, support for Pemex would be very limited, and that's indeed the case," President Sheinbaum told media this week. "Pemex now receives very little support from the Mexican government, and its own finances will sustain its development."
Mexico's energy major is the most indebted company in the world, with a load of some $105 billion as of mid-2025, of which some $20 billion is in unpaid bills to suppliers. Since then, the company has managed to reduce the debt pile to some $79 billion as of the end of the first quarter of this year. The company said in a news release at the time that this was the lowest its debt has been since 2014.
Meanwhile, however, boosting refining output has turned out to be a challenge, and issues with crude quality—including high water content—have alienated key buyers over the past couple of years. The previous administration of Mexico focused on supporting the company by turning it back into a monopoly on the Mexican energy market. The Scheinbaum government, on the other hand, moved to open up the Mexican oil industry to other players as well, launching a new contract framework for joint ventures, the so-called mixed contracts. In mixed development allocations, Pemex can enter into an agreement with one or more private firms.
#PEMEX #government #scheinbaum #since
Per a Bloomberg report from this week, the government of Mexico sees Pemex posting a rare cash surplus of some 95 billion pesos, or around $5.63 billion, as a result of the oil price rally. Based on those expectations, the Scheinbaum government stipulated financial help of just 81 billion pesos for the company in next year's budget, equivalent to some $4.8 billion. This was down by 70% from this year.
"We said that by 2027, support for Pemex would be very limited, and that's indeed the case," President Sheinbaum told media this week. "Pemex now receives very little support from the Mexican government, and its own finances will sustain its development."
Mexico's energy major is the most indebted company in the world, with a load of some $105 billion as of mid-2025, of which some $20 billion is in unpaid bills to suppliers. Since then, the company has managed to reduce the debt pile to some $79 billion as of the end of the first quarter of this year. The company said in a news release at the time that this was the lowest its debt has been since 2014.
Meanwhile, however, boosting refining output has turned out to be a challenge, and issues with crude quality—including high water content—have alienated key buyers over the past couple of years. The previous administration of Mexico focused on supporting the company by turning it back into a monopoly on the Mexican energy market. The Scheinbaum government, on the other hand, moved to open up the Mexican oil industry to other players as well, launching a new contract framework for joint ventures, the so-called mixed contracts. In mixed development allocations, Pemex can enter into an agreement with one or more private firms.
#PEMEX #government #scheinbaum #since
2 months ago
The theme of our final regular-season free-agency update? Status quo.
Frankly, not much has happened since the trade deadline. The good players have continued to play well. A few characters have tumbled from underperformance or skyrocketed up from anonymity, but for the most part, August solidified what we already thought we knew.
As a reminder: This is a weak class. It's increasingly unlikely that a single position player will surpass the $100 million threshold, something that hasn't happened in more than a decade. The uncertainty of the lockout will have an impact as the sport prepares to go on a transactional hiatus starting Dec. 1.
We'll be back with free-agency coverage before then, with our comprehensive top 50 free agents list dropping in October.
Notes: Whenever you see a number, a slash and another number, that's a reference to contract years and total earnings. For instance, the shorthand for Bryce Harper's 11-year, $330 million deal would be "11/330." Ages listed below are for the 2027 season.
#agency
Frankly, not much has happened since the trade deadline. The good players have continued to play well. A few characters have tumbled from underperformance or skyrocketed up from anonymity, but for the most part, August solidified what we already thought we knew.
As a reminder: This is a weak class. It's increasingly unlikely that a single position player will surpass the $100 million threshold, something that hasn't happened in more than a decade. The uncertainty of the lockout will have an impact as the sport prepares to go on a transactional hiatus starting Dec. 1.
We'll be back with free-agency coverage before then, with our comprehensive top 50 free agents list dropping in October.
Notes: Whenever you see a number, a slash and another number, that's a reference to contract years and total earnings. For instance, the shorthand for Bryce Harper's 11-year, $330 million deal would be "11/330." Ages listed below are for the 2027 season.
#agency
2 months ago
Investment in what most call clean technologies dropped by 17% over the first half of the year, as China switched from subsidies to a market-based approach to those industries, a report from Rhodium Group has revealed.
Investments in things such as wind and solar power rose in other parts of the world, but China's decline more than offset that growth because of China's position as the top investor in clean tech, far ahead of everyone else.
"Geographically, the decline was driven by China, the world's largest cleantech investor, where a shift to market-based pricing put pressure on new renewable power investments," said the author of the report, Hannah Pitt, as quoted by Reuters.
"China's transition toward market-based pricing for new renewable generation in 2025 drove a rush of installations ahead of the deadline, followed by an uneven pullback. Beijing also phased out consumer EV purchase-tax exemptions starting January 2026," the report pointed out.
These decisions led to a sharp slump in alternative energy and electric transport investment of 49% for China, translating into $133 billion. This trend also slashed China's share of clean tech investment from 52% at the end of 2025 to 39% by June this year.
#Investments
Investments in things such as wind and solar power rose in other parts of the world, but China's decline more than offset that growth because of China's position as the top investor in clean tech, far ahead of everyone else.
"Geographically, the decline was driven by China, the world's largest cleantech investor, where a shift to market-based pricing put pressure on new renewable power investments," said the author of the report, Hannah Pitt, as quoted by Reuters.
"China's transition toward market-based pricing for new renewable generation in 2025 drove a rush of installations ahead of the deadline, followed by an uneven pullback. Beijing also phased out consumer EV purchase-tax exemptions starting January 2026," the report pointed out.
These decisions led to a sharp slump in alternative energy and electric transport investment of 49% for China, translating into $133 billion. This trend also slashed China's share of clean tech investment from 52% at the end of 2025 to 39% by June this year.
#Investments
2 months ago
All major indices closed sharply lower Tuesday as Brent Crude surged near $99 and looming PPI and CPI readings raised fears of a Fed rate hike.
Qualcomm earned a Strong Buy upgrade at CFRA while Wells Fargo downgraded Eagle Materials and slashed Vulcan Materials' target to $254 from $305.
Robinhood Markets and Affirm Holdings received fresh Buy initiations with $170 and $105 targets from StoneX and Loop Capital, respectively.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Thermo Fisher Scientific didn't make the cut. Enter your email to see the names that beat TMO. The report is free. Enter your email and see if any of your stocks made the cut.
Futures are trading lower after a rough start to the holiday-shortened trading week. All the major indices finished the day sharply lower on rising oil prices and two huge inflation readings on deck: the producer price index on Thursday and the consumer price index on Friday. If both come in above expectations, you can count on an interest rate hike next week when the Federal Reserve governors meet. The venerable Dow Jones Industrial Average took the biggest shot, closing down 1.18% at 52,786, while the S&P 500 finished the session at 7,673, down 0.58%. The Russell 2000 fell 0.52% to 2,960, while the tech-heavy Nasdaq finished the day at 26,421, down 0.32%. With market-moving data on the way and sentiment falling, this could be a tough week for investors as we could catch some September blues.
#week
Qualcomm earned a Strong Buy upgrade at CFRA while Wells Fargo downgraded Eagle Materials and slashed Vulcan Materials' target to $254 from $305.
Robinhood Markets and Affirm Holdings received fresh Buy initiations with $170 and $105 targets from StoneX and Loop Capital, respectively.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Thermo Fisher Scientific didn't make the cut. Enter your email to see the names that beat TMO. The report is free. Enter your email and see if any of your stocks made the cut.
Futures are trading lower after a rough start to the holiday-shortened trading week. All the major indices finished the day sharply lower on rising oil prices and two huge inflation readings on deck: the producer price index on Thursday and the consumer price index on Friday. If both come in above expectations, you can count on an interest rate hike next week when the Federal Reserve governors meet. The venerable Dow Jones Industrial Average took the biggest shot, closing down 1.18% at 52,786, while the S&P 500 finished the session at 7,673, down 0.58%. The Russell 2000 fell 0.52% to 2,960, while the tech-heavy Nasdaq finished the day at 26,421, down 0.32%. With market-moving data on the way and sentiment falling, this could be a tough week for investors as we could catch some September blues.
#week
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
2 months ago
Chinese independent refiners may be about to start reducing their processing rates as international oil prices rise and supply from major exporters such as Venezuela and Iran dries up as a result of U.S. foreign policy decisions.
"Teapots are unlikely to be able to afford a full shift to mainstream grades," an Energy Aspects ***** yst said this week, as quoted by Bloomberg. The so-called teapots are more sensitive to adverse oil market changes due to their refining margins being slimmer than those of state-owned majors. These margins have already fallen to breakeven, from around $10 per barrel in early July, Jianan Sun also said.
China imported 37.93 million tons, or 8.93 million barrels per day of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday. The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East. This affected refinery output, which in turn contributed to the global fuel squeeze that is now set to deepen and extend in time as fighting in the Middle East continues and intensifies, pushing oil prices higher and sapping some refiners' appetite for the commodity.
With Venezuelan and Iranian crude all but gone, Chinese refiners will probably lean more heavily on Russian crude in the coming weeks. However, Russian crude prices are also on the rise on the futures market, in tune with all the other blends that trade internationally, which will likely put a lid on demand.
#june #july #China #middle
"Teapots are unlikely to be able to afford a full shift to mainstream grades," an Energy Aspects ***** yst said this week, as quoted by Bloomberg. The so-called teapots are more sensitive to adverse oil market changes due to their refining margins being slimmer than those of state-owned majors. These margins have already fallen to breakeven, from around $10 per barrel in early July, Jianan Sun also said.
China imported 37.93 million tons, or 8.93 million barrels per day of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday. The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East. This affected refinery output, which in turn contributed to the global fuel squeeze that is now set to deepen and extend in time as fighting in the Middle East continues and intensifies, pushing oil prices higher and sapping some refiners' appetite for the commodity.
With Venezuelan and Iranian crude all but gone, Chinese refiners will probably lean more heavily on Russian crude in the coming weeks. However, Russian crude prices are also on the rise on the futures market, in tune with all the other blends that trade internationally, which will likely put a lid on demand.
#june #july #China #middle
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
2 months ago
China's crude oil imports rose for the second consecutive month in August as refiners turned to additional non-Middle Eastern supply and boosted overseas fuel shipments amid eased export restrictions.
China imported 37.93 million tons, or 8.93 million barrels per day (bpd) of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday.
The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East.
Beijing, having amassed about 1.4 billion barrels of crude before the war, could afford to dramatically reduce its crude buying, slashing import volumes in June by an estimated 4.4 million bpd compared to the 2025 average.
#compared
China imported 37.93 million tons, or 8.93 million barrels per day (bpd) of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday.
The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East.
Beijing, having amassed about 1.4 billion barrels of crude before the war, could afford to dramatically reduce its crude buying, slashing import volumes in June by an estimated 4.4 million bpd compared to the 2025 average.
#compared
2 months ago
Something isn't right with Shohei Ohtani. It has been obvious to Dodgers fans for a couple of weeks, and is finally became apparent to the team. So, for the last four nights, Ohtani has found himself on the bench, resting his injured left knee and balky right biceps. The team is now considering whether or not to put him on the injured list.
Both of these injuries have kept Ohtani off the mound since July 3rd. But, for a while, the maladies did not truly affect his offense. In fact, in the first 35 games after his last pitching appearance, Ohtani slashed .309/.366/.626, with eleven home runs and nine doubles.
But since the day he hit two home runs in Denver against the Rockies — a run of 13 games — he is slashing a mere .137/.290/.255, with one double, triple, and homer. And on Wednesday night against the Cardinals, he struck out four times. That brought his batting average down to .279, his lowest mark since May 30th. But it was not just the four punch outs, it was how he looked in those at-bats. Ohtani, who typically unleashes ferocious swings, matching power with power, looked overmatched and out of sorts. He looked diminished, off-balance, and considerably less than 100%.
Last month Ohtani started a throwing program to get him back on the mound as soon as possible. After a handful of good bullpen sessions, the pain in the right knee raised its head again, and Los Angeles was forced to shut down their two-way star. While in Detroit last week, manager Dave Roberts stated that "if any pitcher was feeling like this, we wouldn't run him out there," so neither will his $700 million star.
But there was hope that once the thought of (and thus the training necessary to) pitching again was off the table, Shohei would get back in the groove in the batter's box. Unfortunately for the Dodgers, whose offense has been in a funk for more than a month, that has not been the case. He has two singles since that time, one at 66-mph and one at 78-mph — a far cry from the 100-mph+ that fans have become accustomed to from the slugger (according to Savant, his 93.2-mph average exit velocity is in the 97th percentile).
#shohei
Both of these injuries have kept Ohtani off the mound since July 3rd. But, for a while, the maladies did not truly affect his offense. In fact, in the first 35 games after his last pitching appearance, Ohtani slashed .309/.366/.626, with eleven home runs and nine doubles.
But since the day he hit two home runs in Denver against the Rockies — a run of 13 games — he is slashing a mere .137/.290/.255, with one double, triple, and homer. And on Wednesday night against the Cardinals, he struck out four times. That brought his batting average down to .279, his lowest mark since May 30th. But it was not just the four punch outs, it was how he looked in those at-bats. Ohtani, who typically unleashes ferocious swings, matching power with power, looked overmatched and out of sorts. He looked diminished, off-balance, and considerably less than 100%.
Last month Ohtani started a throwing program to get him back on the mound as soon as possible. After a handful of good bullpen sessions, the pain in the right knee raised its head again, and Los Angeles was forced to shut down their two-way star. While in Detroit last week, manager Dave Roberts stated that "if any pitcher was feeling like this, we wouldn't run him out there," so neither will his $700 million star.
But there was hope that once the thought of (and thus the training necessary to) pitching again was off the table, Shohei would get back in the groove in the batter's box. Unfortunately for the Dodgers, whose offense has been in a funk for more than a month, that has not been the case. He has two singles since that time, one at 66-mph and one at 78-mph — a far cry from the 100-mph+ that fans have become accustomed to from the slugger (according to Savant, his 93.2-mph average exit velocity is in the 97th percentile).
#shohei
2 months ago
(Bloomberg) -- Health and fitness ring-maker Oura Inc. filed for an initial public offering, showing soaring revenue as well as increasing losses.
Most Read from Bloomberg
World's Unusually High Dollar Exposure Risks Fueling Selloff
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
China-US Spat at G20 Largely Came Down to Dispute Over One Word
#selloff
Most Read from Bloomberg
World's Unusually High Dollar Exposure Risks Fueling Selloff
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
China-US Spat at G20 Largely Came Down to Dispute Over One Word
#selloff
2 months ago
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter.
The Campbell's Company cut 13% of its salaried workforce as part of a plan to slash $500 million in costs by 2030, with CEO Mick Beekhuizen saying the company needs to take "decisive action" to improve performance.
The packaged food maker is also closing two snack plants as it aims to protect margins and support higher levels of investment. Campbell's added it will cut its quarterly dividend by 36% to generate savings that will be directed to other parts of its business.
The announcement comes as Campbell's posted a loss during its fourth quarter, with sales slipping 8% to $2.14 billion. Sales in its snacks business, which includes Goldfish and Pepperidge Farm, plunged 12% during the period. In meals and beverages, home to Rao's, V8 and its iconic soups, sales dipped 4%.
As consumers continue to rein in their spending, food companies are feeling the heat. Beekhuizen said cost cuts at Campbell's are necessary to support greater investment in brands to position them for success.
#sales #investment
The Campbell's Company cut 13% of its salaried workforce as part of a plan to slash $500 million in costs by 2030, with CEO Mick Beekhuizen saying the company needs to take "decisive action" to improve performance.
The packaged food maker is also closing two snack plants as it aims to protect margins and support higher levels of investment. Campbell's added it will cut its quarterly dividend by 36% to generate savings that will be directed to other parts of its business.
The announcement comes as Campbell's posted a loss during its fourth quarter, with sales slipping 8% to $2.14 billion. Sales in its snacks business, which includes Goldfish and Pepperidge Farm, plunged 12% during the period. In meals and beverages, home to Rao's, V8 and its iconic soups, sales dipped 4%.
As consumers continue to rein in their spending, food companies are feeling the heat. Beekhuizen said cost cuts at Campbell's are necessary to support greater investment in brands to position them for success.
#sales #investment
2 months ago
(Bloomberg) -- Bitcoin has struggled to make a convincing break above $80,000 as choppy demand from US investors persists, raising doubts about the strength of the latest rally.
Most Read from Bloomberg
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
Apple Maps Renames Lake Ontario 'Lake America' After Trump Order
World's Unusually High Dollar Exposure Risks Fueling Selloff
#lake #Bitcoin #roles
Most Read from Bloomberg
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
Apple Maps Renames Lake Ontario 'Lake America' After Trump Order
World's Unusually High Dollar Exposure Risks Fueling Selloff
#lake #Bitcoin #roles
2 months ago
(Bloomberg) -- Gold held a gain as US President Donald Trump appeared to rule out prolonged military action in the Middle East, easing inflationary concerns driven by a renewed spike in energy prices.
Most Read from Bloomberg
Apple Maps Renames Lake Ontario 'Lake America' After Trump Order
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
Bessent's Bond Gains Wiped Out as Treasury Yields Jump Again
#bloomberg #Gold #president #middle
Most Read from Bloomberg
Apple Maps Renames Lake Ontario 'Lake America' After Trump Order
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
Bessent's Bond Gains Wiped Out as Treasury Yields Jump Again
#bloomberg #Gold #president #middle
2 months ago
Gem Diamonds Limited (LSE:GEMD, OTC:GMDMF) shares saw a significant upward movement on Thursday following the release of its half-year results and a firm 'buy' reiteration from Panmure Liberum.
The shares traded up 70% to 11p as the broker held its 'buy' stance and 13p target price, digesting the miner's improved financial and operational footprint.
At the heart of the recovery is a 32% revenue increase to $59.7 million, driven by higher prices for Letšeng's large stones and strict cost-control measures.
That operational momentum, alongside extended royalty relief, propelled underlying earnings to $8.6 million, reversing a steep $2.6 million deficit from the same period last year.
Crucially, these cost-saving measures have strengthened the balance sheet, elevating cash reserves to $20.2 million and slashing net debt down to a mere $0.5 million.
#year #gmdmf
The shares traded up 70% to 11p as the broker held its 'buy' stance and 13p target price, digesting the miner's improved financial and operational footprint.
At the heart of the recovery is a 32% revenue increase to $59.7 million, driven by higher prices for Letšeng's large stones and strict cost-control measures.
That operational momentum, alongside extended royalty relief, propelled underlying earnings to $8.6 million, reversing a steep $2.6 million deficit from the same period last year.
Crucially, these cost-saving measures have strengthened the balance sheet, elevating cash reserves to $20.2 million and slashing net debt down to a mere $0.5 million.
#year #gmdmf
2 months ago
(Bloomberg) -- Treasury Secretary Scott Bessent blasted the US companies ramping up investment in artificial intelligence, faulting them for failing to build ties with communities amid a wave of popular concern over data centers boosting the cost of living.
Most Read from Bloomberg
Apple Maps Renames Lake Ontario 'Lake America' After Trump Order
Bessent's Bond Gains Wiped Out as Treasury Yields Jump Again
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
#renames
Most Read from Bloomberg
Apple Maps Renames Lake Ontario 'Lake America' After Trump Order
Bessent's Bond Gains Wiped Out as Treasury Yields Jump Again
Uber to Cut 10% of Jobs, or 3,300 Roles, to Slash Bureaucracy
#renames
2 months ago
Ryanair, the biggest low-fare airline in Europe, on Wednesday lowered its winter traffic target to reduce exposure to high unhedged oil prices, and warned the some of its less well-hedged competitors could struggle to survive this winter amid high fuel costs.
Since the Iran war slashed deliveries of crude oil and petroleum products from the Middle East, rising jet fuel prices have eaten into the profitability of all airlines globally.
Ryanair is one of the most hedged airlines, with about 80% of fuel costs hedged at $67 per barrel. However, the remaining unhedged 20% is highly exposed to the jet fuel prices currently trading at about $140 per barrel, Ryanair said in its August 2026 traffic stats.
In light of the high unhedged oil prices, "it is sensible to strategically reduce the Group's exposure to unhedged jet fuel during the unprofitable winter schedule (from Nov. to Mar.)," the budget airline said.
Ryanair cut its winter traffic target to 214 million from 216 million passengers, expecting traffic to be broadly flat year-over-year.
#airline
Since the Iran war slashed deliveries of crude oil and petroleum products from the Middle East, rising jet fuel prices have eaten into the profitability of all airlines globally.
Ryanair is one of the most hedged airlines, with about 80% of fuel costs hedged at $67 per barrel. However, the remaining unhedged 20% is highly exposed to the jet fuel prices currently trading at about $140 per barrel, Ryanair said in its August 2026 traffic stats.
In light of the high unhedged oil prices, "it is sensible to strategically reduce the Group's exposure to unhedged jet fuel during the unprofitable winter schedule (from Nov. to Mar.)," the budget airline said.
Ryanair cut its winter traffic target to 214 million from 216 million passengers, expecting traffic to be broadly flat year-over-year.
#airline
2 months ago
Coming into the season, Austin Wells had a .224 career batting average and a .717 OPS. He had never been an elite producer at the plate, but posted 20 homers last season and was good enough for the Yankees to stick with him.
However, he was having an awful season through June. In his first 56 games, he had a .155/.255/.238 slash line and just four home runs. The Yankees reportedly tried trading for a catcher, but were unable to land one. Wells has lost at-bats and starts to Ali Sánchez lately, but he has turned his awful season around.
Since July 1, Wells is slashing .238/.314/.426. He has a .740 OPS and six home runs. He is never going to be a guy who hits for a high average, but his .740 OPS is a big boost for the Yankees. He is producing for an offense that is without Aaron Judge and Giancarlo Stanton, and his contributions are not going unnoticed. On Wednesday night, he gave the Yankees the lead in extra innings with a two-out, two-RBI single.
"You feel like he's that threat again down there. That's massive," Yankees manager Aaron Boone said, per The Athletic's Chris Kirschner.
Looking for the perfect gift for a baseball player in your life? Check out our brand new baseball lifestyle brand!
#aaron #home
However, he was having an awful season through June. In his first 56 games, he had a .155/.255/.238 slash line and just four home runs. The Yankees reportedly tried trading for a catcher, but were unable to land one. Wells has lost at-bats and starts to Ali Sánchez lately, but he has turned his awful season around.
Since July 1, Wells is slashing .238/.314/.426. He has a .740 OPS and six home runs. He is never going to be a guy who hits for a high average, but his .740 OPS is a big boost for the Yankees. He is producing for an offense that is without Aaron Judge and Giancarlo Stanton, and his contributions are not going unnoticed. On Wednesday night, he gave the Yankees the lead in extra innings with a two-out, two-RBI single.
"You feel like he's that threat again down there. That's massive," Yankees manager Aaron Boone said, per The Athletic's Chris Kirschner.
Looking for the perfect gift for a baseball player in your life? Check out our brand new baseball lifestyle brand!
#aaron #home
2 months ago
Lucid recalled 27,185 Air sedans over a fire risk from overheating lights, a figure that is 171% larger than its entire annual production run rate.
Napoli's 'operational reset' slashes $1 billion in costs and delays the sub-$50,000 Cosmos model, while LCID stock craters 53% this year.
Lucid's robotaxi partnership with Uber pits it against Tesla and Waymo, rivals that have vastly deeper capital and years of head start.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Lucid's (NASDAQ: LCID) stock has dropped below $5, which by definition makes it a "penny stock."
#uber #NASDAQ
Napoli's 'operational reset' slashes $1 billion in costs and delays the sub-$50,000 Cosmos model, while LCID stock craters 53% this year.
Lucid's robotaxi partnership with Uber pits it against Tesla and Waymo, rivals that have vastly deeper capital and years of head start.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Lucid's (NASDAQ: LCID) stock has dropped below $5, which by definition makes it a "penny stock."
#uber #NASDAQ
2 months ago
Hospitals thought losing hundreds of billions in Medicaid funding through GOP-led cuts last year was bad. But coming regulations from the Trump administration could slash their funding even deeper than Congress did.
Two recently proposed rules from the Centers for Medicare and Medicaid Services would cost hospitals hundreds of billions of dollars more, hospital executives told POLITICO. The rules, which target taxes states use to get more federal Medicaid dollars — and which yield higher payments to hospitals — have prompted hospitals to launch another major lobbying blitz after record spending last year.
"Our core message to CMS is to stick to the statute. Congress cut enough," said Robert Nelb, director of policy at America's Essential Hospitals, which represents hospitals serving large Medicaid populations.
"There's no need to cut any more out of the Medicaid system at a time when the safety net is really struggling," Nelb added.
If the rules are finalized and they lose hundreds of billions on top of Congress' funding cuts, hospitals say they'll be forced to reduce services, lay off workers, consolidate operations or shutter entirely. Some systems are already doing so, telling POLITICO they've cut staff, ended contracts and slashed hospital beds in response to predicted losses.
#congress
Two recently proposed rules from the Centers for Medicare and Medicaid Services would cost hospitals hundreds of billions of dollars more, hospital executives told POLITICO. The rules, which target taxes states use to get more federal Medicaid dollars — and which yield higher payments to hospitals — have prompted hospitals to launch another major lobbying blitz after record spending last year.
"Our core message to CMS is to stick to the statute. Congress cut enough," said Robert Nelb, director of policy at America's Essential Hospitals, which represents hospitals serving large Medicaid populations.
"There's no need to cut any more out of the Medicaid system at a time when the safety net is really struggling," Nelb added.
If the rules are finalized and they lose hundreds of billions on top of Congress' funding cuts, hospitals say they'll be forced to reduce services, lay off workers, consolidate operations or shutter entirely. Some systems are already doing so, telling POLITICO they've cut staff, ended contracts and slashed hospital beds in response to predicted losses.
#congress
