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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 23, 2026 / Tyler Durden
OpenAI Lures Private-Equity Firms With 17.5% Guaranteed Returns As AI Rivals Race For Enterprise Deals
OpenAI Lures Private-Equity Firms With 17.5% Guaranteed Returns As AI Rivals Race For Enterprise Deals
OpenAI, the maker of ChatGPT, is offering private-equity firms a more generous financial package than rival Anthropic as the two artificial-intelligence companies court buyout shops to create joint ventures aimed at raising fresh capital and accelerating the rollout of enterprise AI products.
To lure PE firms, OpenAI is promising investors a guaranteed minimum return of 17.5%, a figure significantly above what is typical for preferred equity instruments, according to people familiar with the discussions who spoke...
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Apr 30, 2026 / Tyler Durden
Political Violence And The Willful Self-Deception Of The Left
Political Violence And The Willful Self-Deception Of The Left
Authored by John R. Lott Jr. via RealClearPolitics,
Violence motivated by political differences has emerged as a defining, if alarming, feature of 21st -century American civil life. Neither side in our nation’s increasingly dangerous ideological divide has a monopoly. But one side, the Democratic Party and its allies, refuses to acknowledge the increase in mayhem from the left.
Would-be Trump assassin Cole Tomas Allen
This is true even in the face of the campus assassination of beloved conservative activist Charlie Kirk – or the...
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Aug 15, 2026 / Tyler Durden
"Won't Be Short-Lived": JPMorgan Warns Next Global Food Crisis Could Erupt Next Year
"Won't Be Short-Lived": JPMorgan Warns Next Global Food Crisis Could Erupt Next Year
JPMorgan is the latest institutional research desk to warn that the next global food crisis may already be taking shape, driven by what its analysts describe as the "Five Ws": War, Weather, Warehousing, Water, and Waste.
In a new report titled Food Security Is National Security: A Compounding Storm, a team led by London-based senior global economist Nora Szentivanyi warned that disruptions around the Strait of Hormuz and the emergence of a potentially historic El Niño could weaken...
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