Texas has overtaken California as the state with the most Fortune 500 companies, hosting 57 companies with $2.8 trillion in revenue compared to California's 56 companies and $2.7 trillion. This shift reflects Texas' business-friendly environment, including no state income tax and lighter regulations, attracting companies and billionaires fleeing California's high taxes and regulatory burdens. The change marks a significant economic shift, as California had led until recently, but ongoing challenges like proposed wealth taxes and high living costs may continue to drive businesses southward.
Federal Reserve Chair Kevin Warsh has appointed two conservative economic policy researchers, Paul Winfree and Daniel Heil, as interim advisers to assist with policy analysis and planning. Winfree, known for his work on the conservative "Project 2025...
Energy mergers and acquisitions are gaining momentum in 2026 due to high oil prices, with West Texas Intermediate crude at $92.16 per barrel. Mid-cap energy companies Talos Energy, Matador Resources, and Chord Energy are prime targets for acquisition...
