1 hr. 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
17 days 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
17 days 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
18 days 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
18 days 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
20 days 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
25 days 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
26 days 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
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26 days 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 $10 per barrel in early July, Jianan Sun also said.
China imported 37.93 million tons, or 8.93 million barrels per day of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday. The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East. This affected refinery output, which in turn contributed to the global fuel squeeze that is now set to deepen and extend in time as fighting in the Middle East continues and intensifies, pushing oil prices higher and sapping some refiners' appetite for the commodity.
With Venezuelan and Iranian crude all but gone, Chinese refiners will probably lean more heavily on Russian crude in the coming weeks. However, Russian crude prices are also on the rise on the futures market, in tune with all the other blends that trade internationally, which will likely put a lid on demand.
#june #july #China #middle
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0.00$
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28 days 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
30 days 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
1 month 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
1 month 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
1 month ago
In moving from a standard contract to a two-way contract, Heat forward Keshad Johnson is seeing his salary slashed from last season's $2 million to $678,882 — a 66% cut. But Johnson, 25, said Wednesday that he's at peace with that. "I wouldn't say it's tough," he said of moving from a standard contract to a two-way deal.
This article originally appeared on Hoops Hype: Keshad Johnson bypassed standard contracts to sign two-way deal with Miami: I have a lot of unfinished business here
#standard #moving
This article originally appeared on Hoops Hype: Keshad Johnson bypassed standard contracts to sign two-way deal with Miami: I have a lot of unfinished business here
#standard #moving
1 month ago
Spencer Jones was, is, and will always be an enigma. He's an incredibly divisive player, one who dazzles with his pure athleticism at his hulking size, with true light-tower power, all with an Achilles heel of struggling mightily to make contact. He's a true four-tool player and will test the absolute limits of just how good a player with those tools can be, with arguably the most important tool completely missing from his toolshed.
Jones has had his highs and lows this season, but the reality is that he's steadily improved over the course of the season, particularly after each promotion. He's getting by with his clear weaknesses, while not looking overmatched against velocity or left-handed pitching, two things that always were his bugaboos in the minors. Tonight in Anaheim, as September 1st bled into September 2nd, he was the catalyst in a 7-3 Yankees win that washed the bad taste of Monday night out of everyone's mouths.
The Yankees were abhorrent in the first inning in August. As a team, they slashed .138/.214/.202 with just two total runs across 27 games, both on August 26th against Houston. Well, on the first day of September, they put up three in the first inning against Grayson Rodriguez on a pair of home runs by Jones and Jazz Chisholm Jr. The former hit his second ****** anic shot to right-center field in as many nights, while the latter snuck an excuse-me liner inside the left-field foul pole for one of the more fascinating home runs you'll ever see.
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Gerrit Cole took the ****** p and looked like he might give some runs back after a leadoff double by Zach Neto, but he worked around it with strikeouts of Mike Trout and Moises Ballesteros to strand him. After Rodriguez settled down for the Angels, Cole worked around a two-out walk by Josh Lowe to put up another zero in the second.
#player
Jones has had his highs and lows this season, but the reality is that he's steadily improved over the course of the season, particularly after each promotion. He's getting by with his clear weaknesses, while not looking overmatched against velocity or left-handed pitching, two things that always were his bugaboos in the minors. Tonight in Anaheim, as September 1st bled into September 2nd, he was the catalyst in a 7-3 Yankees win that washed the bad taste of Monday night out of everyone's mouths.
The Yankees were abhorrent in the first inning in August. As a team, they slashed .138/.214/.202 with just two total runs across 27 games, both on August 26th against Houston. Well, on the first day of September, they put up three in the first inning against Grayson Rodriguez on a pair of home runs by Jones and Jazz Chisholm Jr. The former hit his second ****** anic shot to right-center field in as many nights, while the latter snuck an excuse-me liner inside the left-field foul pole for one of the more fascinating home runs you'll ever see.
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Gerrit Cole took the ****** p and looked like he might give some runs back after a leadoff double by Zach Neto, but he worked around it with strikeouts of Mike Trout and Moises Ballesteros to strand him. After Rodriguez settled down for the Angels, Cole worked around a two-out walk by Josh Lowe to put up another zero in the second.
#player
1 month ago
A moment the San Diego Padres envisioned more than three years ago is finally coming to fruition.
Former Missions catcher Ethan Salas, the No. 1 overall prospect in the San Diego organization, was called up on Tuesday from Triple-A El Paso, the team announced.
We have selected the contract of C Ethan Salas from Triple-A El Paso, recalled RHP Jhony Brito from El Paso, and transferred INF/OF Luis Rengifo to the 60-day IL.
If Salas makes his Major League debut Tuesday night against the Cincinnati Reds, he would be the youngest player to appear in an MLB game as catcher since 1991, per MLB's Sarah Langs.
Salas began the season in San Antonio and played in 72 games for the Missions this season. He slashed .286/.361/.417 with 74 hits, seven home runs, 37 RBIs and 41 runs with San Antonio this year. It was just over a month ago when Missions manager Chris Tremie broke the news to Salas that he would be sent up to Triple-A El Paso on July 29.
#salas #ethan #antonio
Former Missions catcher Ethan Salas, the No. 1 overall prospect in the San Diego organization, was called up on Tuesday from Triple-A El Paso, the team announced.
We have selected the contract of C Ethan Salas from Triple-A El Paso, recalled RHP Jhony Brito from El Paso, and transferred INF/OF Luis Rengifo to the 60-day IL.
If Salas makes his Major League debut Tuesday night against the Cincinnati Reds, he would be the youngest player to appear in an MLB game as catcher since 1991, per MLB's Sarah Langs.
Salas began the season in San Antonio and played in 72 games for the Missions this season. He slashed .286/.361/.417 with 74 hits, seven home runs, 37 RBIs and 41 runs with San Antonio this year. It was just over a month ago when Missions manager Chris Tremie broke the news to Salas that he would be sent up to Triple-A El Paso on July 29.
#salas #ethan #antonio
1 month ago
NexGen Energy Ltd. (NYSE:NXE) is making waves after CEO Leigh Curyer revealed active talks with mining giant BHP Group Limited (NYSE:BHP) on August 17 regarding a potential equity stake and financing for its flagship Rook I project in Saskatchewan. Having just broken ground on construction for what is slated to be one of the world's largest, lowest-cost uranium mines, NexGen is seeking to raise $1 billion in capital over the next nine months through prepayments, debt, or direct equity. The partnership discussion underscores growing institutional interest, but a side-by-side look at the financial health of both companies shows two fundamentally different investment propositions.
Photo from PBF Energy LinkedIn
NexGen Energy Ltd. (NYSE:NXE) represents a development-stage uranium exploration and development company with no commercial mining revenue. In Q2 2026, NexGen posted a net income of $74.55 million CAD (driven primarily by a non-cash mark-to-market gain of $96.47 million CAD on its convertible debentures), reversing a net loss of $86.69 million CAD in Q2 2025. The company maintains significant liquidity, holding $756.17 million CAD in cash alongside $214.08 million CAD in short-term investments as of June 30, 2026, for total cash and short-term investments of $970.25 million CAD. While its absence of operational revenues makes standard earnings metrics non-applicable, its **** et backing and project economics remain compelling.
In stark contrast, BHP Group Limited (NYSE:BHP) delivered a record operational year in FY2026, showcasing massive profitability across its global operations. BHP reported underlying EBITDA of $33 billion, up 27% year-over-year, achieving an overall margin of nearly 60%, driven by a record 70% margin in its copper business. Free cash flow surged 83% to $9.8 billion, allowing BHP to distribute a total annual dividend of $1.72 per share ($8.7 billion total) at a robust 66% payout ratio. BHP also slashed net debt to below $9 billion, more than $4 billion lower than the previous year, giving it huge financial flexibility to self-fund its $11 billion annual capex pipeline. Financially, BHP is far superior in stability, balance sheet strength, and immediate cash generation, whereas NexGen's value relies entirely on future execution.
NexGen Energy's bull case is centered on the successful construction of its Rook I project, which could give the company control over up to 20% of global primary uranium supply. Securing an equity partner such as BHP or obtaining utility prepayments could also help close its approximately $1 billion funding gap and significantly reduce project financing risk. However, the bear case is driven by the risks inherent in large-scale mining projects in remote northern regions, including unexpected capital cost overruns, construction delays, and regulatory hurdles. Additional equity raises could also dilute existing shareholders before the mine begins production.
#nexgen
Photo from PBF Energy LinkedIn
NexGen Energy Ltd. (NYSE:NXE) represents a development-stage uranium exploration and development company with no commercial mining revenue. In Q2 2026, NexGen posted a net income of $74.55 million CAD (driven primarily by a non-cash mark-to-market gain of $96.47 million CAD on its convertible debentures), reversing a net loss of $86.69 million CAD in Q2 2025. The company maintains significant liquidity, holding $756.17 million CAD in cash alongside $214.08 million CAD in short-term investments as of June 30, 2026, for total cash and short-term investments of $970.25 million CAD. While its absence of operational revenues makes standard earnings metrics non-applicable, its **** et backing and project economics remain compelling.
In stark contrast, BHP Group Limited (NYSE:BHP) delivered a record operational year in FY2026, showcasing massive profitability across its global operations. BHP reported underlying EBITDA of $33 billion, up 27% year-over-year, achieving an overall margin of nearly 60%, driven by a record 70% margin in its copper business. Free cash flow surged 83% to $9.8 billion, allowing BHP to distribute a total annual dividend of $1.72 per share ($8.7 billion total) at a robust 66% payout ratio. BHP also slashed net debt to below $9 billion, more than $4 billion lower than the previous year, giving it huge financial flexibility to self-fund its $11 billion annual capex pipeline. Financially, BHP is far superior in stability, balance sheet strength, and immediate cash generation, whereas NexGen's value relies entirely on future execution.
NexGen Energy's bull case is centered on the successful construction of its Rook I project, which could give the company control over up to 20% of global primary uranium supply. Securing an equity partner such as BHP or obtaining utility prepayments could also help close its approximately $1 billion funding gap and significantly reduce project financing risk. However, the bear case is driven by the risks inherent in large-scale mining projects in remote northern regions, including unexpected capital cost overruns, construction delays, and regulatory hurdles. Additional equity raises could also dilute existing shareholders before the mine begins production.
#nexgen
1 month ago
Europe is heading for the winter with one of the lowest levels of gas in storage in the past two decades as the war in the Middle East crippled LNG supply from Qatar, sent gas and LNG prices in Europe and Asia skyrocketing, and intensified competition for the shrunk pool of readily available global LNG cargoes.
A perfect storm of elevated demand for filling depleted storage and electricity during the summer heatwaves, and slashed global LNG supply with Qatar's cargoes trapped behind the Strait of Hormuz have pushed European benchmark prices to multi-month highs and LNG prices to the highest in three years.
The high prices, with front-month futures higher than those further out in time, have discouraged stockpiling for most of the summer. But Europe doesn't have a choice and needs to fight for gas to fill storage sites to reasonably adequate levels before December to avoid a winter supply crunch.
That's easier said than done. Competition from Asia is fierce for LNG supply that doesn't need to move through the Strait of Hormuz, and Europe is currently losing this race.
One potentially mitigating factor is that Europe now consumes about 10-15% less natural gas than it did in 2021 due to a higher share of renewables for electricity generation and industries adapting from an abundance of gas (including from Russia) to tight markets with elevated prices.
#Europe #storage #asia #hormuz
A perfect storm of elevated demand for filling depleted storage and electricity during the summer heatwaves, and slashed global LNG supply with Qatar's cargoes trapped behind the Strait of Hormuz have pushed European benchmark prices to multi-month highs and LNG prices to the highest in three years.
The high prices, with front-month futures higher than those further out in time, have discouraged stockpiling for most of the summer. But Europe doesn't have a choice and needs to fight for gas to fill storage sites to reasonably adequate levels before December to avoid a winter supply crunch.
That's easier said than done. Competition from Asia is fierce for LNG supply that doesn't need to move through the Strait of Hormuz, and Europe is currently losing this race.
One potentially mitigating factor is that Europe now consumes about 10-15% less natural gas than it did in 2021 due to a higher share of renewables for electricity generation and industries adapting from an abundance of gas (including from Russia) to tight markets with elevated prices.
#Europe #storage #asia #hormuz
1 month ago
Boston Scientific (NYSE:BSX), a global medical device maker, closed at $48.17, down 3.38%. Premarket reports said a cybersecurity incident disrupted global operations and shipping. The company also announced a product recall for certain types of its percutaneous catheters, further weighing on the stock. Investors are watching how quickly the company restores its systems and whether the recall exacerbates the interruption. Trading volume reached 31.8M shares, coming in about 48% above its three-month average of 21.4M shares.
S&P 500 (SNPINDEX:^GSPC) fell 0.04% to 7,675, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.08% to 26,130. Among medical devices and interventional medtech peers, Abbott Laboratories (NYSE:ABT) closed at $114.10, down 1.75%, while Medtronic (NYSE:MDT) finished at $92.01, up 0.95%, as Boston Scientific's cyber disruption stood out.
Boston Scientific has seen its stock drop 55% over the last year, and today's double dose of bad news didn't help things. The product recall is tied to the company's ENROUTE Transcarotid Neuroprotection System (NPS) following the FDA's concerns about the potential separation of the product's arterial sheath tip.
Making matters worse, the company also disclosed a cybersecurity incident that disrupted its global operations, potentially disrupting the processing and shipping of customers' orders. Management noted that it was working to restore lost functions but couldn't yet determine whether the event would have a material impact on BSX shares.
Following several quarters of weaker-than-expected earnings results, disappointing Watchman sales, slashed guidance, and a major acquisition now weighing on Boston Scientific's balance sheet, the stock has shifted from a steady compounder to more of a turnaround or value type of stock -- especially after today's news. While BSX stock is on my watch list, I'd need to see some type of positive developments before I consider buying.
#boston #NYSE #global #following
S&P 500 (SNPINDEX:^GSPC) fell 0.04% to 7,675, and the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.08% to 26,130. Among medical devices and interventional medtech peers, Abbott Laboratories (NYSE:ABT) closed at $114.10, down 1.75%, while Medtronic (NYSE:MDT) finished at $92.01, up 0.95%, as Boston Scientific's cyber disruption stood out.
Boston Scientific has seen its stock drop 55% over the last year, and today's double dose of bad news didn't help things. The product recall is tied to the company's ENROUTE Transcarotid Neuroprotection System (NPS) following the FDA's concerns about the potential separation of the product's arterial sheath tip.
Making matters worse, the company also disclosed a cybersecurity incident that disrupted its global operations, potentially disrupting the processing and shipping of customers' orders. Management noted that it was working to restore lost functions but couldn't yet determine whether the event would have a material impact on BSX shares.
Following several quarters of weaker-than-expected earnings results, disappointing Watchman sales, slashed guidance, and a major acquisition now weighing on Boston Scientific's balance sheet, the stock has shifted from a steady compounder to more of a turnaround or value type of stock -- especially after today's news. While BSX stock is on my watch list, I'd need to see some type of positive developments before I consider buying.
#boston #NYSE #global #following
1 month ago
JPMorgan **** ysts downgraded Intuit (INTU) shares to "Neutral" and slashed their price target after the company's disappointing future guidance overshadowed its Q4 beat. INTU posted $4.35 billion in revenue and $4.03 in earnings per share (EPS) for its fourth quarter, handily beating the $4.27 billion and $3.58 per share, respectively, that **** ysts had forecast.
Following the post-earnings decline, Intuit stock is trading nearly 50% below its year-to-date high.
Warren Buffett Says Peter Thiel Can Quit Giving Pledge If It's Too 'Woke' for Him — 'A Lot of Reasons Why Rich People Don't Like Other Rich People'
Elon Musk Says We're '1000% Going to Go Bankrupt' Without Al and Robots — 'We're Totally Screwed' as Interest on National Debt Tops $1 Trillion
Nvidia Reports $7.8 Billion in Q2 Gains on Equity Portfolio That Includes **** eX, Intel, CoreWeave, and More
#intu #rich #we 're
Following the post-earnings decline, Intuit stock is trading nearly 50% below its year-to-date high.
Warren Buffett Says Peter Thiel Can Quit Giving Pledge If It's Too 'Woke' for Him — 'A Lot of Reasons Why Rich People Don't Like Other Rich People'
Elon Musk Says We're '1000% Going to Go Bankrupt' Without Al and Robots — 'We're Totally Screwed' as Interest on National Debt Tops $1 Trillion
Nvidia Reports $7.8 Billion in Q2 Gains on Equity Portfolio That Includes **** eX, Intel, CoreWeave, and More
#intu #rich #we 're
1 month ago
By Marwa Rashad and Nora Buli
LONDON/OSLO, Aug 26 (Reuters) - Six months into the U.S.-Iran war, Qatar is among the conflict's biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows.
Saudi Arabia, the UAE, Iraq and Kuwait have seen their oil exports hit, but by nowhere near as much.
Qatar has lost $24 billion in gas sales, which is about five months' worth of income for the country based on 2025 data, Reuters calculations show.
While neighbouring Gulf exporters have managed to sneak oil secretly out of the Strait of Hormuz, Qatar has exported just 18 LNG cargoes, down from 509 in the same period last year, according to data intelligence firm ICIS. Two Qatari tankers have been attacked.
#data
LONDON/OSLO, Aug 26 (Reuters) - Six months into the U.S.-Iran war, Qatar is among the conflict's biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows.
Saudi Arabia, the UAE, Iraq and Kuwait have seen their oil exports hit, but by nowhere near as much.
Qatar has lost $24 billion in gas sales, which is about five months' worth of income for the country based on 2025 data, Reuters calculations show.
While neighbouring Gulf exporters have managed to sneak oil secretly out of the Strait of Hormuz, Qatar has exported just 18 LNG cargoes, down from 509 in the same period last year, according to data intelligence firm ICIS. Two Qatari tankers have been attacked.
#data
1 month ago
Alec and Hilaria Baldwin's expansive Hamptons estate is back on the market for a fifth time, complete with fresh new photos—and surprising new insight about the property's somewhat tenuous connection to movie star, Marilyn Monroe.
The five-bedroom, 6.5-bathroom property, which was taken off the market on July 8 following multiple price decreases, has now returned with the same lowered ask of $18.99 million.
Known as Stony Hill Farm, the estate features a picturesque primary residence that spans 8,556 square feet and sits on a 5.06-acre property, overlooking an additional 3.22 acres of agricultural reserve.
The dwelling has been on quite the adventure since the couple made their first attempt at selling it for $29 million in 2022, nearly 30 years after Baldwin purchased it for just $1.75 million.
In the past four years, the duo have slashed their asking price repeatedly, while bouncing the dwelling on and off the market multiple times—at one point even claiming that they had changed their minds about selling it altogether.
#market
The five-bedroom, 6.5-bathroom property, which was taken off the market on July 8 following multiple price decreases, has now returned with the same lowered ask of $18.99 million.
Known as Stony Hill Farm, the estate features a picturesque primary residence that spans 8,556 square feet and sits on a 5.06-acre property, overlooking an additional 3.22 acres of agricultural reserve.
The dwelling has been on quite the adventure since the couple made their first attempt at selling it for $29 million in 2022, nearly 30 years after Baldwin purchased it for just $1.75 million.
In the past four years, the duo have slashed their asking price repeatedly, while bouncing the dwelling on and off the market multiple times—at one point even claiming that they had changed their minds about selling it altogether.
#market
1 month ago
Red Sox may have to make room for Trevor Story at Isiah Kiner-Falefa's expense as both near returns originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The Boston Red Sox have started another win streak, as they haven't lost in their past four games, and all of them have been thrillers. Their current roster is electric, and when the going gets tough, they lock in, and do what they can to get the W.
And now, their stars who were injured at the beginning of the season are starting to return. However, with the current middle infielders truly producing for the Sox, bringing back both Isiah Kiner-Falefa and Trevor Story might throw a wrench in the gears. With that in mind, one of them might have to go, and the odd man out is Kiner-Falefa.
Jonathan Dyer - Imagn Images
In the 47 games he played for the Red Sox, Kiner-Falefa slashed .277/.344/.361/.705 with four doubles, two home runs, 13 RBI, and seven stolen bases.
#kiner #sporting #games
The Boston Red Sox have started another win streak, as they haven't lost in their past four games, and all of them have been thrillers. Their current roster is electric, and when the going gets tough, they lock in, and do what they can to get the W.
And now, their stars who were injured at the beginning of the season are starting to return. However, with the current middle infielders truly producing for the Sox, bringing back both Isiah Kiner-Falefa and Trevor Story might throw a wrench in the gears. With that in mind, one of them might have to go, and the odd man out is Kiner-Falefa.
Jonathan Dyer - Imagn Images
In the 47 games he played for the Red Sox, Kiner-Falefa slashed .277/.344/.361/.705 with four doubles, two home runs, 13 RBI, and seven stolen bases.
#kiner #sporting #games
1 month ago
Alibaba (BABA) slashed buybacks 80% year over year while CapEx surged 75%, as CEO Eddie Wu declared AI the company's "most certain growth engine."
BABAF and BBAAY investors should track whether AI Labs losses, now RMB 14B, widen faster than cloud revenue growth can offset them, with cloud currently up 45%.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Alibaba didn't make the cut. Grab the names FREE today.
Alibaba (NYSE:BABA) just made its capital allocation priorities unmistakable. In the June 2026 quarter, the company repurchased 13.4 million ordinary shares (approximately 1.7 million ADSs) for US$162 million. A year earlier, in the same fiscal quarter, it bought back 56 million ordinary shares (7 million ADSs) for US$815 million. That is roughly an 80% cut in ADS repurchases at a company that still had US$19.3 billion of authorization remaining as of June 30, 2025.
The cash was rerouted into silicon and concrete.
#year #june #Growth #company
BABAF and BBAAY investors should track whether AI Labs losses, now RMB 14B, widen faster than cloud revenue growth can offset them, with cloud currently up 45%.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Alibaba didn't make the cut. Grab the names FREE today.
Alibaba (NYSE:BABA) just made its capital allocation priorities unmistakable. In the June 2026 quarter, the company repurchased 13.4 million ordinary shares (approximately 1.7 million ADSs) for US$162 million. A year earlier, in the same fiscal quarter, it bought back 56 million ordinary shares (7 million ADSs) for US$815 million. That is roughly an 80% cut in ADS repurchases at a company that still had US$19.3 billion of authorization remaining as of June 30, 2025.
The cash was rerouted into silicon and concrete.
#year #june #Growth #company
1 month ago
AUSTIN, Texas (AP) — A Texas court on Friday slashed a $50 million judgment that conspiracy theorist Alex Jones was ordered to pay families of the 2012 Sandy Hook Elementary School massacre over his false claims that one of the deadliest mass shootings in U.S. history was a hoax.
The Infowars founder can only be forced to pay about $6 million, the Texas Third Court of Appeals ruled in a unanimous opinion, citing state laws that limit lawsuit damages.
The ruling does not affect a separate $1.25 billion judgment against Jones in Connecticut, where he was also found liable for defaming and causing emotional distress to relatives of the 20 first-graders and six educators killed in the Newtown shooting.
The punishing financial verdicts against Jones and his company, Free Speech Systems, in recent years have forced him into bankruptcy, led to some of his personal property being put up for auction and led to him leaving his Infowars platform. For decades, he used the platform to push conspiracy theories about the United Nations, the federal government, gun control and more.
Sandy Hook families have yet to collect any money from Jones, who has waged lengthy appeals in state and bankruptcy courts as his company faces liquidation. He remains on air after moving onto new websites and streaming platforms.
#texas #court #conspiracy
The Infowars founder can only be forced to pay about $6 million, the Texas Third Court of Appeals ruled in a unanimous opinion, citing state laws that limit lawsuit damages.
The ruling does not affect a separate $1.25 billion judgment against Jones in Connecticut, where he was also found liable for defaming and causing emotional distress to relatives of the 20 first-graders and six educators killed in the Newtown shooting.
The punishing financial verdicts against Jones and his company, Free Speech Systems, in recent years have forced him into bankruptcy, led to some of his personal property being put up for auction and led to him leaving his Infowars platform. For decades, he used the platform to push conspiracy theories about the United Nations, the federal government, gun control and more.
Sandy Hook families have yet to collect any money from Jones, who has waged lengthy appeals in state and bankruptcy courts as his company faces liquidation. He remains on air after moving onto new websites and streaming platforms.
#texas #court #conspiracy
2 months ago
AUSTIN, Texas (AP) — A Texas court on Friday slashed a $50 million judgment to about $6 million against Infowars founder Alex Jones after he falsely claimed the 2012 Sandy Hook elementary school mass shooting was a hoax.
The ruling does not affect a $1.25 billion judgment against Jones in Connecticut, but is a legal victory for him after he and his company, Free Speech Systems, were found liable for damages for claiming the mass shooting didn't happen.
Despite the multiple financial judgments against him in Connecticut and Texas, Jones has yet to make any payments as he appeals the amounts and the attempt to liquidate his company.
The unanimous opinion by the Texas Third Court of Appeals left intact more than $4.1 million in compensatory damages awarded by a jury to Sandy Hook parents Neil Heslin and Scarlett Lewis for defamation and emotional distress.
But the court slashed more than $45 million in additional punitive damages down to $1.5 million to comply with the state's $750,000 cap for each plaintiff.
#million #court
The ruling does not affect a $1.25 billion judgment against Jones in Connecticut, but is a legal victory for him after he and his company, Free Speech Systems, were found liable for damages for claiming the mass shooting didn't happen.
Despite the multiple financial judgments against him in Connecticut and Texas, Jones has yet to make any payments as he appeals the amounts and the attempt to liquidate his company.
The unanimous opinion by the Texas Third Court of Appeals left intact more than $4.1 million in compensatory damages awarded by a jury to Sandy Hook parents Neil Heslin and Scarlett Lewis for defamation and emotional distress.
But the court slashed more than $45 million in additional punitive damages down to $1.5 million to comply with the state's $750,000 cap for each plaintiff.
#million #court
2 months ago
BEIJING, Aug 21 (Reuters) - Tesla will roll out software fixes for millions of vehicles in China, the country's market regulator said on Monday, marking the automaker's largest-ever recall in the market.
Effective September 25, Tesla will recall 2.98 million China-made and imported Model 3, Model Y, Model S and Model X vehicles because emergency door release handles may be difficult to identify, potentially hindering escape or rescue after a severe crash and electrical system failure. The remedy includes warning labels and an over-the-air (OTA) update that lowers windows after a collision.
Separately, Tesla is immediately recalling 2.74 million China-made Model 3 and Model Y vehicles for an OTA software update to enhance driver-attention monitoring while ******* isted steering and other driver-assistance functions are engaged, reducing the risk of collisions if drivers fail to respond promptly.
(Reporting by Beijing newsroom; Editing by Joe Bavier)
The supertruck arms race is getting petty in the best way possible. With Ram resurrecting the supercharged 777-horsepower TRX SRT and aggressively pushing its 540-hp inline-six Ram 1500 RHO, Ford is making a aggressive move to protect its territory. For the 2027 model year, The Blue Oval has slashed $4,010 off the standard F-150 Raptor's entry sticker, bringing the delivered base price down to $77,790.
#vehicles #beijing #made
Effective September 25, Tesla will recall 2.98 million China-made and imported Model 3, Model Y, Model S and Model X vehicles because emergency door release handles may be difficult to identify, potentially hindering escape or rescue after a severe crash and electrical system failure. The remedy includes warning labels and an over-the-air (OTA) update that lowers windows after a collision.
Separately, Tesla is immediately recalling 2.74 million China-made Model 3 and Model Y vehicles for an OTA software update to enhance driver-attention monitoring while ******* isted steering and other driver-assistance functions are engaged, reducing the risk of collisions if drivers fail to respond promptly.
(Reporting by Beijing newsroom; Editing by Joe Bavier)
The supertruck arms race is getting petty in the best way possible. With Ram resurrecting the supercharged 777-horsepower TRX SRT and aggressively pushing its 540-hp inline-six Ram 1500 RHO, Ford is making a aggressive move to protect its territory. For the 2027 model year, The Blue Oval has slashed $4,010 off the standard F-150 Raptor's entry sticker, bringing the delivered base price down to $77,790.
#vehicles #beijing #made
2 months ago
By Humeyra Pamuk and Emma Farge
WASHINGTON/GENEVA, Aug 21 (Reuters) - The Trump administration has started the process to transfer $725 million to the United Nations, a congressional notification seen by Reuters showed, a move aid experts said was a welcome step towards paying billions in dues owed.
There was no immediate response from Washington to questions about the reasons for the payment from an administration which has slashed funding to many U.N. agencies and blasted the global body for not living up to its potential.
The money - mentioned in an August 4 State Department notification letter to Congress that has not been reported - is set to go through before an expected speech by U.S. President Donald Trump to the U.N. General **** embly in New York next month.
'IT KEEPS THE SHIP AFLOAT A LITTLE LONGER'
#reuters #notification #geneva
WASHINGTON/GENEVA, Aug 21 (Reuters) - The Trump administration has started the process to transfer $725 million to the United Nations, a congressional notification seen by Reuters showed, a move aid experts said was a welcome step towards paying billions in dues owed.
There was no immediate response from Washington to questions about the reasons for the payment from an administration which has slashed funding to many U.N. agencies and blasted the global body for not living up to its potential.
The money - mentioned in an August 4 State Department notification letter to Congress that has not been reported - is set to go through before an expected speech by U.S. President Donald Trump to the U.N. General **** embly in New York next month.
'IT KEEPS THE SHIP AFLOAT A LITTLE LONGER'
#reuters #notification #geneva
2 months ago
NEA delivers a 7.14% federally tax-free yield, which is double MUB's 3.52%, and posted a 12% price return over the past year.
NEA slashed its distribution nearly in half during 2022-2023 rate hikes and now trades at a NAV premium, eliminating the traditional CEF discount cushion.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Investors who bought the iShares National Muni Bond ETF (NYSEARCA:MUB) did so for a good reason: it is the cheapest, most liquid way to own a diversified basket of federally tax-free municipal bonds. With a 0.05% expense ratio and $45.4 billion in **** ets, MUB has become the default core holding for taxable brokerage accounts. The problem is the payout. MUB's 30-day SEC yield of 3.52% as of August 13, 2026 looks thin against a 10-year Treasury at 4.63%, and even thinner for anyone trying to live on the income. A specific municipal fund pays more than double that rate, with the same AMT-free federal exemption, and Wall Street is only now re-rating it.
Roughly 5,900 investment-grade munis make up the portfolio at MUB, held with no leverage and no active security selection. That structure keeps the fee at a rounding error, though it also caps income near the underlying bond coupons. A retiree in the 32% federal bracket with $100,000 in MUB collects about $3,520 a year in tax-free interest. The taxable-equivalent yield is roughly 5.18%, which is respectable but leaves real purchasing power close to flat once inflation is deducted. For an investor whose entire reason for holding munis is tax-free monthly income, MUB is doing the job at half speed.
#federally
NEA slashed its distribution nearly in half during 2022-2023 rate hikes and now trades at a NAV premium, eliminating the traditional CEF discount cushion.
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Investors who bought the iShares National Muni Bond ETF (NYSEARCA:MUB) did so for a good reason: it is the cheapest, most liquid way to own a diversified basket of federally tax-free municipal bonds. With a 0.05% expense ratio and $45.4 billion in **** ets, MUB has become the default core holding for taxable brokerage accounts. The problem is the payout. MUB's 30-day SEC yield of 3.52% as of August 13, 2026 looks thin against a 10-year Treasury at 4.63%, and even thinner for anyone trying to live on the income. A specific municipal fund pays more than double that rate, with the same AMT-free federal exemption, and Wall Street is only now re-rating it.
Roughly 5,900 investment-grade munis make up the portfolio at MUB, held with no leverage and no active security selection. That structure keeps the fee at a rounding error, though it also caps income near the underlying bond coupons. A retiree in the 32% federal bracket with $100,000 in MUB collects about $3,520 a year in tax-free interest. The taxable-equivalent yield is roughly 5.18%, which is respectable but leaves real purchasing power close to flat once inflation is deducted. For an investor whose entire reason for holding munis is tax-free monthly income, MUB is doing the job at half speed.
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