President-elect Donald Trump has given his choice for Interior secretary a mandate to “Drill baby drill,” and on Wednesday his pick, North Dakota Gov. Doug Burgum, offered a rosy budget picture to lawmakers based largely on his state’s success in extracting near-record levels of oil and gas from the ground. Burgum, whose term ends next week, noted North Dakota's status as the nation's No. 3 oil-producing state in his final proposed budget before he begins his role in Trump's administration, pending Senate confirmation.
Pure Storage Stock Soars on Higher Subscription Revenue
A 22% jump in subscription revenue boosted results at Pure Storage, sending shares soaring.
US economy grew slightly in recent weeks, Fed survey says
"Though growth in economic activity was generally small, expectations for growth rose moderately across most geographies and sectors," the U.S. central bank said in its regular temperature check on the economy, drawing on observations from the business and community contacts of each of its 12 regional banks through Nov. 22. "Business contacts expressed optimism that demand will rise in coming months." While growth in most Fed regions was minimal, it was "modest or moderate" in three districts and was "flat or slightly declining" in two others.
‘Hawk tuah’ girl Haliey Welch launches crypto memecoin—but insists it’s not a cash grab
An interview with the viral sensation as she wades into murky legal waters.
Chipmaker Marvell's market value jumps to record high on AI-powered Q4 forecast
The company's shares jumped nearly 23% giving it a market capitalization of $102 billion. Intel had a market value of $94 billion after its stock fell 2.5%, adding to recent losses after CEO Pat Gelsinger's ouster was announced on Monday. Marvell is on track to exceed its earlier target of $1.5 billion in AI revenue in the current fiscal year, CEO Matt Murphy said on Tuesday.
The Protocol: Bitcoin Gets a DEX, Union Labs Gets $12M
Also: Justin Drake on Ethereum's Beam Chain … and Solana
179,000 truckers’ CDLs revoked; broker transparency; truckload markets | WHAT THE TRUCK?!?
Now on demand on WHAT THE TRUCK?!? Dooner is joined by Adam Wingfield and Tony Mulvey The post 179,000 truckers’ CDLs revoked; broker transparency; truckload markets | WHAT THE TRUCK?!? appeared first on FreightWaves.