Texas ‘Davos' Draws Energy's M&A Hopefuls
Hi, it's David Carnevali, writing from the annual symposium of energy dealmakers in Houston. Also today, a big pharma deal and Couche-Tard is ready to up its Seven & i offer.
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6 hours ago
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Both sides of raging argument over public money for Browns dome: I-Team
CLEVELAND (WJW) – The FOX 8 I-Team did some digging into the firestorm around $600 million in public money going to the owners of the Cleveland Browns to help build a dome. It has become almost a guarantee that state lawmakers will approve the money to help the Browns build a dome and development around it in Brook Park. Some state and local leaders are piling on, trying to stop any money for the Browns. They're arguing the state needs more money for things like education. 'We say to the owners, 'look, you want to build it? Build it yourself,'' Cuyahoga County Executive Chris Ronayne told us in the last week. I-Team: New video, police response from Lee-Harvard shooting that left 7 injured 'I have a big problem with rewarding a billionaire family with a $600 million performance grant,' state Senator Casey Weinstein said. 'What we talked about is giving billionaires money from Ohioans that they, quite frankly, don't need,' state Senator Nickie Antonio added. But on Wednesday, Ohio Senate Finance Chairman Jerry Cirino fired back. 'Let's be careful about disparaging billionaires or highly successful people. They are an important part of our economy. They pay most of the taxes,' he said. 'Easy way for naysayers to say, 'Why should we give money to billionaires?'' Browns owner Jimmy Haslam told the I-Team in April. Haslam reminded everyone that his company is investing more than $1 billion in the dome complex. 'That'll be the fourth or fifth largest project ever done in Ohio. Period. And the largest in Northeast Ohio,' he added. I-Team: Video shows Gregory Moore, accused of killing Aliza Sherman, booked into jail Lawmakers now have come down to the final weeks for deciding on one of three plans to help fund a dome for the Browns. The public money would be paid back. Meanwhile, the state Senate president took on another common complaint about lawmakers simply giving in to political influence. 'What's your response to that?' we asked state Senate Rob McColley. 'We haven't been influenced by the Haslams. We do this for economic development projects of this size all the time,' he answered. 'This is a good investment for Ohio. It's one that's going to bring in more money to the general fund for other priorities in the state.' The Browns keep moving closer to getting state money and the voices for and against keep growing louder. State lawmakers will be taking a final vote on the budget by the end of the month. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
7 hours ago
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The Best $7,000 TFSA Investments for Canadian Investors
Written by Joey Frenette at The Motley Fool Canada It's the big question on the minds of many new TFSA (Tax-Free Savings Account) investors at any given time: what's the best investment to make in today's climate? Indeed, Trump tariff turmoil paved the way for a rather treacherous first half of the year. But with things settling down ahead of summer, investors may have the opportunity to take their time as they examine the broad slate of deals to be had today without having to be panicked over the non-stop negative headlines we saw just over two months ago. Of course, there could be more in the way of negative surprises with tariffs in the second half. However, with China and the U.S. negotiating, it may be unwise to rule out positive surprises as well. In this piece, we'll check out a name that I think is more of a deep-value play going into July. For TFSA investors who are still searching for a name to put their latest TFSA contribution (of $7,000) to work, the following name, I think, could be worth adding to your summer watchlist. As always, do your own research and analysis before putting a sum as substantial as $7,000 on one stock at any given moment. If you're a big investor who's already diversified, the following name may be worth a big bet. However, if you're a beginner investor, I'd argue that spreading your first $7,000 across a slate of names (or exchange-traded funds) would be best. Alimentation Couche-Tard (TSX:ATD) shares stand out as an intriguing pick-up for TFSA investors looking for value, long-term growth, and dividend raises. The convenience retailer has been stuck in the penalty box for about a year now, and I think it's about to skate out of it sometime soon, especially if we get a resolution with the potential deal to buy 7 & i Holdings (that's the parent firm of 7-Eleven). Over the past few weeks, we've had quite a few updates on the proposed deal. We've heard of a non-disclosure agreement (NDA) being signed as a signal that a deal could be close, as well as news of shareholders' support to fend off a Couche-Tard takeover. Indeed, things seem to be changing by the month. I have no idea if a deal's still likely at this juncture. Personally, I think it's best to trust the firm's managers as they take their time to make their move. Whichever move it'll be, it's one I, as a shareholder, am supportive of. In any case, I think ATD stock is too cheap to ignore, as too much focus has been placed on the proposed deal, with a bit less attention given to the actual growth opportunity at hand. If Couche-Tard can't have its way with 7 & i Holdings's managers, the company has more than enough cash to take advantage of all sorts of deals. Indeed, the robust balance sheet leaves Couche's value-minded managers in a strong position as they aim to secure some attractive deals to fuel that impressive merger and acquisition-driven long-term growth engine. With a management team that's not afraid to go the extra mile on due diligence, I'd be inclined to buy the stock after any period of seasonal weakness. As the stock recovers from a brief drop into a bear market (a more than 21% fall from peak to trough), I think it could be time to start doing some buying. It's a TFSA mainstay, in my opinion, and it's likely headed higher as the 7 & i saga (hopefully) nears its end in the second half of 2025. The post The Best $7,000 TFSA Investments for Canadian Investors appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Joey Frenette has positions in Alimentation Couche-Tard. The Motley Fool has positions in and recommends Alimentation Couche-Tard. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Yahoo
Is your favorite taco truck slower than usual? ICE raids are sending street vendors into hiding
Francisco has been working as a taquero for over a year, but he's never felt as worried as he does now, in the shadow of a week of ongoing sweeps in Los Angeles by U.S. Immigration and Customs Enforcement. "We can't go out to work as much on the streets now," the 23-year-old said in Spanish. "We've heard from some colleagues who work in other positions, and they've even arrested a couple of them. We go to work afraid they might arrest us." To stay safe, Francisco — who provided only his first name out of fear for his safety because he is undocumented — said he has limited his movement, turning to Uber Delivery for necessities like groceries and medicine. But he continues to come to work. "If we don't go out to work, how do we cover our expenses?" he said. The risk of being arrested and deported versus the need for economic security is plaguing undocumented vendors throughout Los Angeles, said Elba Serrano, the associate vice president of East L.A. Community Corp. ELACC is a member of the Los Angeles Street Vending Campaign coalition and assists vendors with securing permits. Around 80% of their clients are undocumented, Serrano said. "Vendors don't want to be seen as 'illegal,' " she said. "They always have been wanting to be part of the economy, and our goal was for them to be seen as a legitimate small business." The problem now, Serrano explained, is that to secure permits, vendors must file an I-10 form, which categorizes filers by their citizenship status. "One of the things that we've always understood is that the IRS is only there to collect taxes — they're not checking for, you know, anybody's status," she said. "But now, this new administration is seeking to get a list of potential people who are undocumented, and the easiest way to find somebody who's undocumented is by looking through I-10s." Since the onset of ICE's raids last weekend, Serrano said several vendors have canceled their appointments with the agency. With the rampant ICE presence in the city, whether undocumented vendors seek to file taxes or go into work has become a "personal risk assessment." For many vendors, the risk is not worth it. At the Hollywood location of Leo's Tacos Truck, a popular taco truck chain, only five guys were working the late night rush. Typically, the night shift is staffed by 10 people. "We've been dealing with this problem of missing people for two weeks," said security guard Ricardo Rodriguez. Notably, however, the decision to leave the house affects not only vendors, but also their customers. On a typical night, Rodriguez said the truck receives around 950 customers. The line snakes throughout the parking lot. Now that number has dropped to 500 and features few Latino faces. "It's a little customer. A little employees," he said. "People feel a little intimidated by the protest." Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week. This story originally appeared in Los Angeles Times.
