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Texas Pacific Land Crashes After Largest Shareholder Dies
Texas Pacific Land Crashes After Largest Shareholder Dies
Land-and-royalty company Texas Pacific Land Corp. crashed the most since early Covid after the head of its largest shareholder unexpectedly died.
Bloomberg reports that Murray Stahl, CEO of Horizon Kinetics and a TPL board member, died on Thursday, sending shares spiraling lower by 17% in late-afternoon trading.
This marked the largest intraday decline in the stock since early 2020.
Stahl was described as a longtime believer in TPL, one of the largest private landowners in Texas, with most of its acreage concentrated in the...
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Mar 4, 2026 / Tyler Durden
Air Freight Rates To Spike As Iran War Escalates
Air Freight Rates To Spike As Iran War Escalates
By Eric Kulisch of FreightWaves
The war launched by the United States and Israel against Iran on Saturday is already disrupting air cargo traffic in the Middle East, a key freight corridor between Asia and Europe where two of the world’s largest cargo airlines are based, and raising the potential for a rise in air freight rates.
Airlines are suspending flights, rerouting traffic around the conflict zone and unable to use key transload hubs in Dubai, Abu Dhabi and Qatar because of retaliatory...
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Mar 11, 2026 / Dave DeCamp
Report: US and Its Mideast Allies Have Fired More Than 1,000 Patriot PAC-3 Interceptors in Iran War
The US and its Middle East allies have already fired more than 1,000 PAC-3 interceptors using the US-made Patriot air defense system since the US and Israel launched the war with Iran on February 28, according to a report from Bloomberg. Lockheed Martin currently produces PAC-3 interceptors at a rate of about 600 per year, […]
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Apr 21, 2026 / Tyler Durden
Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket
Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket
Hard red winter wheat (HRW) futures widened to their largest premium over soft red wheat (SRW) in more than two years as severe drought intensified across key breadbasket regions in the Great Plains and Midwest. This means traders are pricing in weather impacts and tightening expectations for higher-protein wheat supplies.
It is important to note that HRW is a more valuable protein and is primarily used in bread, rolls, and all-purpose flour. It is grown in the U.S. Plains (Kansas, Oklahoma,...
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