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Desert Mountain Energy plans major gas system upgrade and wins key legal battle in Arizona

Market News
05 May 2026
TheNewswire
View Source
Bullish
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Desert Mountain Energy is upgrading its Pecos Slope gas gathering system by replacing old pipelines to reduce costs and boost gas sales. The company won a legal ruling in its favor against the City of Flagstaff but faces a new lawsuit now moved to Federal Court. It is also awaiting environmental approval for wells in Arizona and expanding into carbon capture with a new U.S. subsidiary. Additionally, Desert Mountain is pursuing partnerships in the UK and US for gas exploration and has seen leadership changes to focus on these growth areas.

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Investors in Putnam mutual funds urged to join class action over alleged misleading info.

Investors in Putnam mutual funds urged to join class action over alleged misleading info.

The Rosen Law Firm is investigating potential securities claims against Putnam Investment Management, LLC, alleging the company may have provided misleading business information to investors in its stock-based mutual funds. Investors who purchased Pu...

Market News
Bearish
1 hour ago
CoreWeave shares drop despite $35B deal with Meta through 2032 amid Meta's own cloud news.

CoreWeave shares drop despite $35B deal with Meta through 2032 amid Meta's own cloud news.

CoreWeave secured a $35 billion deal with Meta, making Meta one of its largest customers through 2032. Despite this significant partnership, CoreWeave's shares fell following news related to Meta's own cloud services. The drop suggests investor conce...

Market News
Bearish
2 hours ago
Bitcoin holds near $64,150 as US pauses strikes on Iran, easing military risk but geopolitical tension remains.

Bitcoin holds near $64,150 as US pauses strikes on Iran, easing military risk but geopolitical tension remains.

Bitcoin price hovered around $64,150 after US President Donald Trump paused military strikes on Iran, reducing immediate escalation risk. Despite this, geopolitical tensions persist with ongoing diplomatic talks and regional conflicts, keeping pressu...

Market News
Neutral
4 hours ago
Coinbase users can now set AI agents to automatically buy ETH after a 5% price drop.

Coinbase users can now set AI agents to automatically buy ETH after a 5% price drop.

Coinbase has introduced a new feature allowing users to instruct AI agents to automatically buy Ethereum if its price drops by 5%, turning simple commands into rule-based limit orders executed by the exchange. This automation helps users react to mar...

Market News
Bullish
4 hours ago
Bitget wins two awards for innovation as it expands multi-asset CFD trading beyond crypto.

Bitget wins two awards for innovation as it expands multi-asset CFD trading beyond crypto.

Bitget received two industry awards at the Wiki Finance Expo Hong Kong 2026 for its innovation in multi-asset CFD trading. The exchange is expanding beyond traditional crypto markets into commodities, forex, indices, and stocks under its Universal Ex...

Market News
Bullish
5 hours ago
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