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…
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…
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…
Were it not for the stock market crash of the early 1970’s, James Stack might still be a mechanical engineer in Colorado. Stack graduated at the top of his engineering class at Montana State University in 1974 and went on to work as a project manager at IBM. Taking the advice of economists and Wall Read More…
WHITEFISH, Mont.–(BUSINESS WIRE)–BNSF Railway Company (BNSF) today announced that its 2018 capital expenditure program in Montana will be approximately $135 million. This year’s plan in Montana remains focused on maintenance projects to ensure BNSF continues to operate a safe and reliable rail network. The largest component of this year’s capital plan in the state will Read More…
GTUIT, LLC, a Billings based company, announced that it has recovered more than one million barrels of natural gas liquids (NGLs) from oil producing wellsites that would have otherwise been combusted in a flare stack. GTUIT designed, built, and operated all the mobile associated natural gas processing units responsible for achieving the million barrel milestone. Read More…
Insurance giant Anthem has pledged to make a $1,000 retirement contribution to all of its 58,000 employees and recent retirees in response to Republicans’ tax cuts legislation. Anthem made the announcement Monday. READ THE FULL STORY.
In the early 1800s, French soldiers conquering and colonizing Algeria were given daily rations of absinthe because military leaders thought it would help their men combat malaria. When those soldiers returned home, they started demanding the drink at their local watering holes in France. Its rise to popularity was swift, but so was its fall. Read More…
GREAT FALLS – Patrick Chapman, chances are if you have shopped at Super 1 foods on 10th Ave in Great Falls you know who Patrick is. Before Super One Patrick worked with NorthWestern Energy as one of their secondary life skills program students. This program teaches young adults with special needs how to be independent, Read More…
The University of Montana Bureau of Business and Economic Research’s 43rd annual economic outlook seminar will be held in Kalispell on Feb. 6, with this year’s program exploring the relationship between higher education and the state’s economy. The keynote speaker is Robert Nystuen, president of Glacier Bank and vice chair of the Montana University System Read More…
Negotiators were in Montreal, Canada for the sixth round of talks to renegotiate the North American Free Trade Agreement this week and Montana wheat and barley farmers paid close attention to the ongoing talks. According to Michelle Erickson-Jones, president of the Montana Grain Growers Association, NAFTA has been one of the most important agreements overall Read More…
The resurgence of the oil industry can be traced back to what happened in Congress one day in December 2015. That’s when lawmakers ended the 40-year ban on U.S. oil exports. Crude pumped in Texas, Oklahoma and North Dakota could suddenly be shipped overseas. At the time, excess supply was wreaking havoc on the energy Read More…
A business coalition is asking a judge to stop state officials from imposing a fee on assets of Montana’s workers’ compensation fund to plug a budget gap. The suit filed Monday in state District Court in Lake County says employers pay into the fund to make sure injured workers get medical coverage and state officials Read More…
EVERGREEN – The Green Haus medical marijuana dispensary is a bright, airy space with wooden accents and friendly faces behind the counter, a dream owner Mike Eacker has spent at least a decade making come true. Each customer who walks in is greeted by name, and each tells stories of how medical cannabis has changed Read More…
Montana’s unemployment rate remained pretty much unchanged during the final month of the holiday season. State Senior Economist Barbara Wagner explains. “Montana’s unemployment rate is at 4.1% in December, that is the most recent month we have available,” said Wagner. “It is actually exactly even with the U.S. rate this month, which is a long Read More…
Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law. The headline from Apple is that it will make a $350 billion “contribution” to the U.S. economy. The company also promised to create 20,000 new jobs and open a Read More…
It was a nice run. For the first time in over a decade, Goldman Sachs Group Inc. is worth less than its longtime rival, Morgan Stanley, at least in the eyes of equity investors. After reporting a plunge in bond trading, Goldman’s market capitalization fell to $99.4 billion at the close on Wednesday, a fraction Read More…
With Bitcoin crashing, some cryptocurrency HODLers are hurting. That might include the Winklevoss twins. Tyler and Cameron bought 120,000 bitcoins in late 2012 with money from the $65 million payout from their lawsuit against Facebook. That’s more than $1.32 billion worth of bitcoin at Wednesday evening’s value of about $11,000 per bitcoin. That seems like Read More…
Amazon has added a new $10 and Under section to its app and website, featuring, as one could infer, items that are priced $10 or cheaper. All items have free shipping, regardless of whether a user has Prime membership. The feature, first spotted by TechCrunch, looks to compete with budget shopping apps like Wish — Read More…
Google’s Project Fi cell service never played the “unlimited data” game that most carriers in the U.S. like to play (and which is never truly unlimited). Instead, Google simply offered data at $10/GB/month and would give you a refund for any data you paid for but didn’t use. Now, however, it’s taking its own stab Read More…
GILLETTE, Wyo. – Coal from the Powder River Basin will soon be on its way to Japan to fuel two new coal gasification plants in Fukushima Prefecture. Gillette, Wyo.-based Cloud Peak Energy, which operates the Spring Creek Mine near Decker, will begin to ship up to 1 million tons of coal a year to Japan Read More…
This story is the final chapter of a series focusing on how Missoula and its surrounding communities are grappling with challenges of sustainable growth. (If you haven’t yet, check out the first of the series here, the second one here, and the third here.) It was written by the The Missoulian and is published here Read More…
Montana farmers and ranchers are being asked to fill out a very important survey that helps paint an accurate picture of American agriculture – the Census of Agriculture. “By filling it out you let your voice be heard. You let everyone know how Montana’s agriculture economy is; basically, telling us your story” says USDA-NASS MT Read More…
Well one of the leaders now in rentals and vacation nights is Airbnb. How much did we make here in the Big Sky State utilizing this service? According to NBC Montana, In 2017, Airbnb hosts earned over $19.7 million and welcomed nearly 147,000 people to Montana. Wow, that is more then I thought. Having used Read More…
In 2017 the Helena Regional Airport saw a record number of passengers with 209,000 making it one of the most successful years for the organization. Airport Director Jeff Wadekamper says that load factors on the flights were great with most flights being at 50-80% capacity and airlines increasing aircraft size to better accommodate those loads. Read More…
What happened Shares of Vista Outdoor Inc. (NYSE: VSTO) fell 62% in 2017, according to data from S&P Global Market Intelligence, as firearm sales plunged in the United States. The company is restructuring in an effort to focus on key brands, but if the core firearm business doesn’t recover in 2018, it could be difficult Read More…
The US Supreme Court on Friday said it will consider whether businesses have to collect sales taxes on online transactions — a case that will affect how consumers are charged for their purchases on major e-commerce sites such as Wayfair, Overstock, and Amazon. The case, South Dakota v. Wayfair, will revisit a 1992 decision, Quill Read More…
This week, the Montana Department of Commerce announced the recipients of more than half a million dollars’ worth of Workforce Training Grant funds. “This grant program is a small amount of money compared to the total cost to a business to hire someone and train them, but the hope is to put a little bit Read More…
Growing tomorrow’s leaders today for Montana was the focus of a luncheon held at the Capitol rotunda. It was Leadership Montana’s fourth session with the class of 2018. Individuals involved were business leaders and government leaders that come from all corners of the state. Channel Schieffer, President and CEO of Leadership Montana said she is Read More…
NEW YORK (CNNMoney) – America could be crowned the oil world’s new king in 2018. The United States is poised to ramp up crude oil production by 10 percent in 2018 to about 11 million barrels per day, according to research firm Rystad Energy. Surging shale oil output should allow the United States to dethrone Read More…
A Nebraska manufacturer has acquired a Bozeman-based photonics company and will relocate the company’s production facility from Singapore to Bozeman. Elemental Scientific, an Omaha company that specializes in spectroscopy technology — a method of identifying material using light — purchased the newly named Elemental Scientific Lasers, located on North Seventh Avenue across the street from Read More…
Donald Trump campaigned as a jobs creator, with lofty promises of reviving American manufacturing and reclaiming jobs that had gone overseas. On a campaign stop in 2015, he proclaimed he would “be the greatest jobs president that God ever created.” According to the Bureau of Labor Statistics, an average of about 171,000 jobs were added Read More…
A couple of years ago, LG Display showed off an intensely futuristic 18-inch OLED display that could be bent and rolled up just like a newspaper. Today, that prototype has grown to 65 inches in size, with the company announcing that it’s managed to scale up the tech to the dimensions of a large TV. Read More…
When Amazon chose downtown Seattle for its massive urban campus, John Schoettler, Amazon’s vice president of global real estate, wanted to create a thriving “18-hour” neighborhood. To some extent, Amazon has succeeded. In a decade, nonstop development has transformed Seattle’s South Lake Union and Denny Triangle from a sea of parking lots, car rental agencies, Read More…
While much of the nation’s weather has turned frigid, the U.S. stock market remains red-hot. Notching its latest 1,000-point milestone, the Dow Jones Industrial Average rose 151 points, or 0.6 percent, to close at a record 25,073 Thursday. Stocks aren’t only scaling new heights — they’re reaching those peaks more quickly: The blue-chip index reached Read More…
BILLINGS – A Billings West End business got a new name on Wednesday. Get Juiced officially reopened as Well Pared. The company has been serving juice and smoothies since it opened on the corner of Broadwater and 24th Street West in 2013. The menu has expanded over the years to include salads and some hot Read More…
By Ernest Scheyder HOUSTON, Dec 21 (Reuters) – Oasis Petroleum Inc, the last major oil producer operating exclusively in North Dakota’s Bakken shale formation, is heading south to the nation’s largest oilfield, pursuing a pricey expansion as investors worry about maturing shale fields. Oasis shares have tumbled 21 percent following last week’s disclosure, pointing to Read More…
BISMARCK, N.D. – More than a dozen oil companies failed to meet North Dakota’s natural gas flaring goals three months ago. Operators burned off over 300 million cubic feet (8.5 million cubic meters) of natural gas per day in September, a level the state hasn’t seen since the summer of 2015, reported the Bismarck Tribune Read More…
The fires that charred large swaths of Montana over the summer discouraged hundreds of thousands of tourists from visiting the state, resulting in a $240 million loss in visitor spending, according to a new report. Preliminary data released by the University of Montana’s Institute for Tourism and Recreation Research estimates that tourists in Montana spent Read More…
HELENA – Gov. Steve Bullock reports that Montana’s unemployment rate has remained steady for most of 2017, saying workers and families are heading into the holidays with a strong economy driving growth in local communities across the state. Gov. Bullock’s office says the unemployment rate was 4.0% for the month of November while the U.S. Read More…
MISSOULA,Mont. – Stockman Bank is asking the Missoula City Council to approve a new bank on the corner of Brooks Street and Dore Lane. The request comes from Mike Tuss, a principal at CTA Architects, on behalf of William Coffee, the CEO of Stockman Bank, as the bank looks to construct a nearly 49,000-square-foot building. Read More…
Whitefish Ford VW and Kalispell Ford of Evergreen have united and relocated to a brand new 54,000-square-foot facility in North Kalispell that officially opens today. The Kalispell Ford dealership has a larger capacity than both the old ones combined and features 26 service bays, said Milt Aus, who was the general manager at Kalispell Ford Read More…
CVS is confirming that it’s buying Aetna for $69 billion in a deal that will help the drugstore chain reach deeper into customer health care and protect a key client. CVS Health Corp. released a statement Sunday saying it will pay cash and stock for Aetna Inc. The mammoth acquisition pairs a company that runs Read More…