Hegseth cites “fog of war” in defense of second strike on...
Hegseth cites “fog of war” in defense of second strike on alleged drug boat. During a Cabinet meeting at the White House yesterday, Defense Secretary Pete Hegseth said he didn’t see that there were survivors before a follow-up strike was ordered on a boat allegedly smuggling drugs in the Caribbean Sea. “The thing was on fire,” Hegseth said, adding that he “didn’t stick around” after the first strike. The Washington Post reported last week that Hegseth ordered a second strike that killed survivors, which experts say would have been illegal. President Trump said neither he nor Hegseth ordered the second strike. According to the White House, Admiral Frank M. “Mitch” Bradley was “well within his authority” to sanction it.
Amazon released a new AI chip called Trainium3 that it says can power AI calculations faster and at a lower cost than Nvidia’s GPUs.
Instagram will order all US staff back to the office five days a week in 2026 as part of CEO Adam Mosseri’s plan to be “more nimble and creative.”
Juan Orlando Hernández, the former president of Honduras, was released from a West Virginia prison yesterday after President Trump pardoned him for his role in trafficking hundreds of tons of cocaine to the US.
Kalshi more than doubled its valuation, to $11 billion, after the prediction market said it raised $1 billion in new financing.
The Forbes 30 Under 30 for 2026 was released by the media outlet yesterday, in case you want to guess which honoree will be the next Martin Shkreli.
U.S. stocks finished with moderate gains on Tuesday afternoon,...
U.S. stocks finished with moderate gains on Tuesday afternoon, with megacap technology names leading the equities market higher.
The Dow Jones Industrial Average rose 185.13 points, or 0.4%, to end at 47,474.46, according to FactSet data.
The S&P 500 was up 16.74 points, or nearly 0.3%, ending at 6,829.37.
The Nasdaq Composite gained 137.75 points, or 0.6%, to finish at 23,413.67.
Tuesday’s market action reversed Monday’s slide, which hit both growth stocks and crypto. Bitcoin was surging 5.5% on Tuesday to trade above $91,000 at last check, according to FactSet data.
Oil Eases Amid Uncertainty Around Russia-Ukraine Peace Plan, Oversupply Worries
Oil prices declined 1% on Tuesday as markets weighed...
Oil prices declined 1% on Tuesday as markets weighed faltering Russia-Ukraine peace hopes against fears of oversupply.
Brent crude futures settled 72 cents lower, or 1.14%, at $62.45 a barrel, while U.S. West Texas Intermediate crude was down 68 cents, or 1.15%, at $58.64 a barrel.
Both benchmarks advanced more than 1% on Monday.
Investors turned their focus to the Russia-Ukraine peace talks as Russian President Vladimir Putin met with U.S. President Donald Trump's special envoy Steve Witkoff and son-in-law Jared Kushner in the Kremlin on Tuesday.
“Oil prices are in check on expectations for a breakthrough in Ukraine peace talks that could lift restrictions on Russian supplies,” said Clayton Seigle, senior fellow at the Center for Strategic and International Studies. “But those hopes are likely to be dashed, and the market will be facing even more disruption risks as energy remains under fire by both sides.”
Targa Resources plans to acquire Stakeholder Midstream for $1.25 billion,...
Targa Resources plans to acquire Stakeholder Midstream for $1.25 billion, expanding its footprint in the Permian with additional pipelines and gas processing capacity. The company expects the deal to boost annual free cash flow by about $200 million and strengthen its position among major producers in the region. Scheduled to close in early 2026, the acquisition is being financed with cash and existing credit resources.
Texas’ long-standing rule of capture for groundwater is under renewed scrutiny as urban demand collides with rural water security, in a conflict that will feel familiar to anyone used to mineral and surface rights disputes.
In East Texas’ Neches Trinity Valleys Groundwater Conservation District, residents are fighting permits sought by entities controlled by Dallas hedge fund manager Kyle Bass. Bass aims to pump roughly 15 billion gallons per year from the Carrizo Wilcox aquifer via two large ranch properties. Under current Texas law, landowners can withdraw groundwater beneath their land even if neighboring wells are impaired, which effectively turns water into a tradable asset decoupled from proximity or historic use.
Courts have so far slowed Bass’ plans, but the financial incentives virtually guarantee continued litigation. Local farmers and ranchers fear declining well performance, reduced irrigation reliability and ultimately the erosion of their agricultural base. Their concern is amplified by existing projects such as the 140-mile Vista Pipeline, which already exports about 16 billion gallons annually to San Antonio, and by Austin's pursuit of similar import strategies.
With mega transfer schemes from the Mississippi or Pacific Northwest politically and technically unrealistic, the likely trajectory is more aggressive local extraction and conservation mandates. The open question is whether urban consumers will recognize that squeezing rural aquifers ultimately feeds back into food prices, land values, and the broader regional economy's health.
