Daniel Loeb’s hedge fund Third Point has walked away from its activist campaign against CoStar Group, selling its entire position in the real estate data company after concluding that its original investment thesis no longer held, according to a letter to investors. Third Point had signaled in January that it would pursue a board challenge Read More…
A federal judge on Friday extended an emergency order keeping Nexstar Media Group and Tegna operating as separate companies for another week, as he weighs whether to issue a longer preliminary injunction that could halt the $6.2 billion merger while an antitrust lawsuit works its way through the courts. U.S. District Judge Troy Nunley of Read More…
Hi-Country Snack Foods, a nearly 50-year-old Montana jerky maker and one of the largest employers in the small mountain community of Lincoln, has paused production — a development that raises new concerns about the company’s future and the economic health of the town it has long anchored. The production halt comes less than a year Read More…
Shareholders of both NorthWestern Energy and Black Hills Corp. have voted to approve a proposed all-stock merger that would combine the two regional utilities into a new company called Bright Horizon Energy Corporation, the companies announced Thursday. The votes were cast at special shareholder meetings held earlier in the day and mark a major step Read More…
Daniel Loeb’s hedge fund Third Point has walked away from its activist campaign against CoStar Group, selling its entire position in the real estate data company after concluding that its original investment thesis no longer held, according to a letter to investors. Third Point had signaled in January that it would pursue a board challenge Read More…
A federal judge on Friday extended an emergency order keeping Nexstar Media Group and Tegna operating as separate companies for another week, as he weighs whether to issue a longer preliminary injunction that could halt the $6.2 billion merger while an antitrust lawsuit works its way through the courts. U.S. District Judge Troy Nunley of Read More…
Hi-Country Snack Foods, a nearly 50-year-old Montana jerky maker and one of the largest employers in the small mountain community of Lincoln, has paused production — a development that raises new concerns about the company’s future and the economic health of the town it has long anchored. The production halt comes less than a year Read More…
Shareholders of both NorthWestern Energy and Black Hills Corp. have voted to approve a proposed all-stock merger that would combine the two regional utilities into a new company called Bright Horizon Energy Corporation, the companies announced Thursday. The votes were cast at special shareholder meetings held earlier in the day and mark a major step Read More…
(The Center Square) – U.S. LNG exports hit record-high 11.7 million metric tons in March as new plants in Texas ramped up production while supply disruptions caused by the war in the Middle East drove global gas prices sharply higher, according to preliminary LSEG data. Asian benchmark LNG prices spiked above $22 per million Btu Read More…
SpaceX, the private rocket and satellite company founded by Elon Musk, has filed confidentially for an initial public offering that could value the company at approximately $1.75 trillion — a figure that would make it the largest IPO in U.S. history if it moves forward at that valuation. The filing, which allows companies to submit Read More…
The U.S. economy added 178,000 jobs in March, the Labor Department reported Friday, a figure that surpassed expectations and came in roughly triple some earlier forecasts, signaling continued resilience in the nation’s labor market as geopolitical tensions mount abroad. The unemployment rate dipped to 4.3%, while wage growth moderated slightly from previous months — a Read More…
America’s small business owners pulled back slightly on their optimism in February, according to the latest data from the National Federation of Independent Business, with the group’s Small Business Optimism Index dipping to 98.8 — a modest retreat that nonetheless offered some encouraging signs beneath the headline number. The reading, which fell below the index’s Read More…
While Wall Street has been gripped by a broad selloff in 2026, one corner of the market has been quietly — and in some cases loudly — thriving. Energy stocks have emerged as the standout performers of the year, riding a wave of elevated oil prices, geopolitical tension, and a flight to safety that has Read More…
Federal Reserve Vice Chair Philip Jefferson issued a stark warning this week about the economic risks posed by surging energy prices, telling audiences that a sustained rise in oil and gas costs could simultaneously stoke inflation and drag on economic growth — a combination that would put the central bank in an increasingly difficult position. Read More…
Bank of America has agreed to pay $72.5 million to settle a federal class-action lawsuit accusing the bank of helping facilitate Jeffrey Epstein’s sex trafficking operation — becoming the latest major financial institution to face accountability for its ties to the disgraced financier. Details of the settlement were presented Friday to U.S. District Judge Jed Read More…
It has been one of the most jarring weeks in recent memory for Micron Technology (Nasdaq: MU) shareholders — a story of blockbuster results overshadowed by a perfect storm of bad news. Micron released its fiscal second-quarter results on March 18, and they were nothing short of spectacular. Revenue nearly tripled year-over-year to $23.9 billion, Read More…
Microsoft is taking over a major AI data center expansion project in Abilene, Texas, after OpenAI decided not to move forward with the additional buildout, signaling a continued shift as the two companies increasingly pursue separate strategies in artificial intelligence infrastructure. Developer Crusoe said it is now working with Microsoft to construct two new “AI Read More…
The Financial Stability Oversight Council voted unanimously this week to release proposed interpretive guidance for public comment on how it designates nonbank financial companies as potential threats to U.S. financial stability. The proposal would restore several elements of the council’s 2019 framework while adding new provisions tied to economic growth, economic security, and transparency in Read More…
It has been a week of mixed signals for Constellation Energy (Nasdaq: CEG), the nation’s largest nuclear power operator. A string of setbacks — regulatory delays, a major asset sale, a director departure, and a price target cut — weighed on shares even as analysts maintained an overwhelmingly bullish long-term outlook on the Baltimore-based company. Read More…
Bozeman-based Texbase Inc. has announced the release of a new platform capability designed to streamline product compliance reporting for consumer brands and retailers. The new feature, Texbase for eFiling, allows companies to prepare and submit certified product data directly to the U.S. Consumer Product Safety Commission Product Registry, integrating compliance data, testing results, and certification Read More…
Montana Knife Company has opened a new 51,000-square-foot manufacturing facility in Missoula, marking a major expansion for the fast-growing knife maker and underscoring its commitment to American-based production and job creation. The new headquarters represents the company’s third phase of growth since its founding in 2020 and significantly increases its production capacity while allowing the Read More…
U.S. stocks closed the week with mixed results, as gains in large-cap technology companies helped offset broader weakness across financials, energy, and industrial sectors. The S&P 500 finished little changed for the week, while the Nasdaq Composite posted modest gains, supported by continued strength in artificial intelligence and semiconductor names. The Dow Jones Industrial Average Read More…
Micron Technology posted strong quarterly results this week, driven by booming demand for AI-related memory chips, but the company’s stock slipped as investors focused on sharply higher capital spending plans needed to keep up with that demand. For its fiscal second quarter ended Feb. 26, Micron reported revenue of $23.86 billion, up sharply from a Read More…
The high-stakes partnership between Microsoft and OpenAI is showing fresh signs of strain after reports that Microsoft is weighing legal action over a massive cloud agreement between OpenAI and Amazon. According to a report cited this week, Microsoft is considering whether a reported $50 billion deal involving Amazon Web Services and OpenAI could violate its Read More…
U.S. stocks fell again this week, extending Wall Street’s losing streak to four straight weeks as rising oil prices, stubborn inflation concerns and fading hopes for near-term Federal Reserve rate cuts pushed investors into a more defensive posture. By Friday’s close, the S&P 500 had fallen 1.9% for the week, while the Dow Jones Industrial Read More…
Super Micro Computer shares plunged 33% Friday after federal prosecutors charged company co-founder Wally Liaw and two others in a scheme to illegally divert advanced Nvidia-powered servers to China, intensifying new scrutiny on the server maker’s compliance controls and corporate governance. The sharp selloff marked one of the steepest single-day drops in the company’s history Read More…
A federal jury in San Francisco found Elon Musk liable for misleading Twitter investors during his 2022 bid to buy the company, concluding that some of his public statements improperly affected the stock price while the $44 billion takeover was still in dispute. Jurors, however, rejected broader allegations that Musk carried out a larger scheme Read More…
Gov. Greg Gianforte visited Dahlman Farms during Montana Agriculture Week to highlight the importance of international trade to the state’s farmers and ranchers and to underscore the role export markets play in supporting Montana’s top industry. The visit put a spotlight on the Dahlman family’s long history in Montana agriculture and on the broader significance Read More…
A sharp jump in oil prices emerged as one of the biggest business stories of the week, rattling financial markets and renewing fears that higher energy costs could fuel inflation, squeeze consumers and slow economic growth. The surge was driven by escalating disruption across the Middle East tied to the war involving Iran. Concerns over Read More…
U.S. stocks closed lower this week as investors grappled with renewed uncertainty around interest rates, economic growth, and upcoming corporate earnings. The broad market benchmark, the S&P 500, posted a weekly decline, with selling pressure building in the latter part of the week. The SPDR S&P 500 ETF (SPY), which tracks the index, ended near Read More…
Paramount Skydance has agreed to acquire Warner Bros. Discovery in a blockbuster $110 billion deal, bringing an end to a high-profile bidding war after Netflix withdrew from negotiations with the HBO Max parent company. The transaction carries an equity value of approximately $81 billion and is expected to close in the third quarter of 2026, Read More…
U.S. regional banks are entering the new quarter facing a more complicated interest-rate environment, as moderating inflation and growing expectations for Federal Reserve rate cuts reshape lending dynamics and profitability outlooks. After two years of higher borrowing costs boosted net interest margins—the spread between what banks earn on loans and pay on deposits—many lenders are Read More…
The Montana Historical Society received a $15,000 donation from Stockman Bank during the grand opening of the bank’s newest Helena branch on Feb. 12. The gift will support the Montana History and Civics Education Endowment, which provides grants to schools across the state for educational field trips to the Montana Heritage Center and the Montana Read More…
Officials at the Federal Reserve this week reinforced a cautious, data-dependent stance on interest rates, tempering investor expectations for rapid easing despite cooling inflation. In public remarks following the latest Consumer Price Index report, policymakers indicated they are encouraged by moderating price pressures but want clearer evidence that inflation is sustainably returning to the Fed’s Read More…
Energy markets faced renewed pressure this week as crude prices softened amid mixed signals on global demand and steady U.S. production. Benchmark West Texas Intermediate crude drifted lower, weighing on shares of major producers and oilfield services companies. Analysts cited cautious demand forecasts from Asia and Europe, along with stable output from U.S. shale basins, Read More…
U.S. stocks closed the week modestly higher, buoyed by a softer-than-expected inflation report that reinforced investor bets the Federal Reserve could begin cutting interest rates later this year. The S&P 500 notched a weekly gain, supported by advances in technology and consumer discretionary shares. The Nasdaq Composite outperformed, lifted by megacap growth stocks, while the Read More…
Steve Daines praised the Trump administration’s decision to impose a 132.83% anti-dumping duty on Russian palladium imports, calling the move a critical step to protect Montana mining jobs and counter what he described as market manipulation by Moscow. The Commerce Department’s duty, enforceable upon publication in the Federal Register, is aimed at offsetting what U.S. Read More…
Canadian Prime Minister Mark Carney wants his nation’s auto industry to look far beyond its usual American market with investments in electric vehicles and other trade partners. U.S. tariffs have hit Canada hard, prompting a shift in Canada’s economic strategy. This pivot has already frustrated U.S. President Donald Trump, who threatened 100% tariffs on Canada Read More…
A new $750,000 EPSCoR grant from NASA will help researchers at Montana State University work to limit the impact of atmospheric turbulence in quantum laser communications links between ground stations and space terminals. The project, titled “Programmable Photonics for Quantum Space Networks,” is funded through September 2028. The project builds on optical communications technologies developed Read More…
Governor Greg Gianforte announced the membership of the Licensing Reform Task Force, fulfilling his commitment to streamline state government and make it easier for Montanans to enter the workforce. Established by executive order in January, the task force is charged with identifying and recommending the elimination of unnecessary or redundant professional and occupational licensing requirements, Read More…
The War Department announced today that 25 vendors have been selected to compete in Phase I of the Drone Dominance Program (DDP), a sweeping acquisition reform initiative aimed at rapidly fielding low-cost, unmanned one-way attack drones at scale to strengthen America’s Arsenal of Freedom. The program reflects one of Secretary of War Pete Hegseth’s core Read More…
Montana’s unemployment rate rose slightly to 3.4 percent in December, extending the state’s streak of over four consecutive years with unemployment at or below that level, according to the Montana Department of Labor & Industry. The state’s jobless rate remains well below the national average of 4.4 percent, keeping Montana among the top ten states Read More…
Thirteen farmers from Kansas and Colorado, along with Weskan Grain and Colorado Pacific Railroad (CXR), filed an antitrust lawsuit Tuesday in the U.S. District Court for the District of Kansas alleging that Kansas & Oklahoma Railroad (K&O) and Union Pacific Railroad Company (UP) conspired to block competition and inflate grain transportation costs across the region. Read More…
Montana’s construction industry continues to surge, driving economic growth, creating thousands of high-paying jobs, and fueling demand for skilled workers across the state, according to a new analysis released by the Montana Department of Labor & Industry (DLI). The report, part of DLI’s 406 JOBS High Demand Sector Analysis series, details rapid expansion in the Read More…