Comstock Resources has put forward a two-part financing plan that could materially reshape its balance sheet without surrendering control of its Haynesville natural gas operations. The company said Tuesday that Azerbaijan’s state energy group SOCAR may pay $1.65 billion in cash for minority interests in upstream and
PJM Interconnection’s 2028/2029 capacity auction cleared at the FERC-approved cap of $325 per MW-day on July 14, 2026 and still procured 6,831 megawatts less than its reliability requirement, an explicit signal that firm dispatchable power is now scarce inside the grid region running through the
The Securities and Exchange Commission and the Food and Drug Administration have created a new channel for sharing nonpublic information, a seemingly procedural agreement that could materially sharpen scrutiny of disclosures by listed drug, biotechnology, medical-device and other FDA-regulated companies. The agencies announced the memorandum of understanding on
Star Entertainment’s narrower annual loss offers the first outline of an operating recovery, but the Australian casino group’s survival still depends less on headline earnings than on cash, regulation and the terms imposed by its lenders. The company reported a statutory net loss after tax of A$307.
A rare U.S.-Japan intervention to support the yen has become more than a currency-market story. It is now testing the informal trust that allows the world’s major central banks and finance ministries to respond quickly when financial stress crosses borders. European central bankers left the Federal
Gap shares jumped 12.9% on Friday after the apparel group paired a higher annual profit forecast with a leadership change at Old Navy, giving investors fresh reasons to believe its turnaround can continue. The market’s enthusiasm, however, rested less on uniformly strong sales than on management’s ability
Apollo and KKR have put a nearly $10 billion valuation on Atlantic Aviation, turning a private-market stake sale into a striking benchmark for the infrastructure behind business aviation. Apollo-managed funds acquired what the firms described Thursday as a significant interest in Atlantic, while KKR-managed funds remain a
Nvidia has given investors its clearest argument yet that the artificial-intelligence spending boom has years left to run. The chipmaker said Wednesday that revenue more than doubled in its fiscal second quarter and forecast roughly 70% growth for the fiscal year ending in January 2028, an unusually long-range
Canada has answered Washington’s latest tariffs with a deliberately matched response, imposing new duties on C$27.6 billion of U.S. goods and pairing them with C$7.5 billion of support for affected workers and businesses. The move is designed to defend domestic producers and create negotiating
Australia’s central bank has made clear that its August pause was a decision to wait for evidence, not a declaration that the tightening cycle is over. Minutes released Tuesday show the Reserve Bank of Australia considered a fourth rate increase this year before unanimously holding the cash rate at
SoftBank Group is preparing its largest corporate bond issue on record, a 1 trillion yen offering that shows how rapidly the Japanese technology investor’s artificial-intelligence ambitions are reshaping its financing needs. The seven-year unsecured bonds will be marketed mainly to individual investors, with a provisional annual coupon
President Donald Trump’s newly released financial disclosure offers a striking look at the scale of trading inside his investment accounts, but it is more useful as a lesson in the limits of federal transparency than as evidence of any particular market view. The periodic transaction report lists 1,051
