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U.S. states coffers did surprisingly well during the pandemic and federal aid helped them build big fiscal buffers. Now many, like California, plan tax cuts. That may fuel even more inflation and prove unsustainable as more than $900 billion of support from Washington winds down.
The U.S. liquefied natural gas export market is burning bright, and Russia’s invasion of Ukraine makes it even more so. America’s export facilities are already largely booked. But Russia provides nearly 40% of Europe’s gas. Replacing even part of this would provide long-term security for firms like the $30 billion Cheniere Energy itching to build ...
The former Goldmanite's SPAC is merging with Allwyn, implying an $8 bln market cap for the European lottery operator. There's a novel twist: Bonus shares will go to owners who don't redeem their stock. It should help an already sensible-looking bet get over a common SPAC hurdle.
Sale would mark an ‘abrupt exit’ for Walgreens, but it ‘probably makes sense’
The U.S. president along with China, India, and other nations that consume about half the world’s crude will tap stockpiles. Despite banding together, these fossil fuel users will have less impact than OPEC in the near term. But striking such alliances makes sense longer term.