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A preliminary 79 tornadoes were reported Friday across six states, most occurring in Nebraska and Iowa, where homes were leveled and buildings collapsed. Kim Reynolds declared a disaster emergency for Pottawattamie County after video posted on social media showed parts of Minden, about 30 miles northeast of Omaha, Nebraska, completely flattened. In nearby Shelby County about 40 homes were damaged, said county emergency coordinator Alex Londo. National Weather Service offices are surveying the damage ahead of more severe weather expected Saturday. More than 30 million people in Oklahoma City; Dallas; Wichita, Kansas; Omaha; Milwaukee; and Madison, Wisconsin, are in the path of severe weather.

Persons: Jean Stothert, Neal Bonacci, Bonacci, Kathy Bossman, Bossman, Pat Woods, Kim Woods, Kim Reynolds, Jeff Theulen, We've, Alex Londo Organizations: Police, Omaha Fire, Associated Press, AP Iowa Gov, Weather Service, National Weather Service, Prediction Center Locations: Nebraska, Iowa, Omaha , Nebraska, Omaha, Elkhorn, Bennington, Neb, Pottawattamie, Minden, Shelby County, Oklahoma City, Dallas, Wichita , Kansas, Omaha ; Milwaukee, Madison , Wisconsin, Northwestern Texas, Oklahoma, Oklahoma , Kansas, North Texas

Although the heaviest snow has ended, several more inches of snow are expected across large swaths of Maine and New Hampshire, according to the National Weather Service. “Low pressure in the Gulf of Maine will continue to bring accumulating snow through this evening along with gusty northeast winds,” the National Weather Service said. “Winds will also remain gusty and may result in additional downed branches and limbs due to the weight of freshly fallen snow,” the weather service added. Winter storm warnings and advisories have been extended for parts of New England through Friday morning, according to the National Weather Service. “Frost and freeze conditions will kill crops and other sensitive vegetation and possibly damage unprotected outdoor plumbing,” the weather service notes.

Persons: nor’easter, Janet Mills, “, Thursday’s, ”, Ed Warren, “ Frost Organizations: CNN, ”, National Weather Service, Westbrook School Department, Gorham School, WMUR, East, East Kingston Fire Department, Southern and, Storm Prediction, Colorado ., Storm Prediction Center Locations: Maine, New Hampshire, ” Maine, New England, Moretown , Vermont, Shapleigh , Maine, Gulf, Gulf of Maine, York County, State, Gorham, East Kingston , New Hampshire, East Kingston, East Coast, Vermont, New York, Central Plains , Ohio, Central Plains, Ohio, Missouri, Jefferson City , Columbia, Hannibal, Kansas, Arkansas, Springfield, Branson, Indiana, Kentucky, Indianapolis, Cincinnati, Louisville, Southern, Central, Southern and Central High Plains, Texas, New Mexico, Colorado, Colorado . Cities, Denver, Amarillo, Roswell

☆ Why the Solar Eclipse Will Not Leave People Without Power
▼ + stars: | 2024-03-27 | by ( Ivan Penn | ) www.nytimes.com time to read: +1 min

When the sky darkens during next month’s solar eclipse, electricity production in some parts of the country will drop so sharply that it could theoretically leave tens of millions of homes in the dark. Electric utilities say they expect to see significant decreases in solar power production during the eclipse but have already lined up alternate sources of electricity, including large battery installations and natural gas power plants. Homeowners who rely on rooftop solar panels should also experience no loss of electricity because home batteries or the electric grid will kick in automatically as needed. At 12:10 p.m. on April 8, the solar eclipse will begin over southwestern Texas, the regional electrical system perhaps most affected by the event, and last three hours. “I don’t think anything is as predictable as an eclipse,” said Pedro Pizarro, president and chief of executive of Edison International, a California power company, and the chairman of the Edison Electric Institute, a utility trade organization.

Persons: ”, Pedro Pizarro Organizations: Edison International, Edison Electric Institute Locations: Texas, California

CNN —The wildfire in Texas has already killed two people, demolished hundreds of structures and obliterated thousands of cattle as it became the biggest blaze in the state’s history. Some 8 million people across the Central Plains are under “red flag” warnings and temperatures are above normal in the Texas Panhandle. So far, the Smokehouse Creek Fire has spread across more than 1 million acres and has become the biggest Texas wildfire on record. And the fire is just one of five blazes currently scorching the Texas Panhandle, destroying as many as 500 structures. Sunday’s fire weather threat will be greatest for the Texas Panhandle and western Texas, according to the Storm Prediction Center.

Persons: Cindy Owen, Jennifer Mitchell, Owen’s, Joyce Blankenship, “, ”, Nathan Blankenship, could’ve, Sid Miller, GoFundMe, Greg Abbott, he’d, Sammy Schafer, Leah Millis, ” Abbott, it’s, there’s, Miller, Shane Pennington, Pennington, “ It’s, they’re, ” Pennington, he’s, “ We’ve, ” Miller, We’ve, ” CNN’s Gene Norman, Rebekah Riess, Sara Tonks, Eric Zerkel, Sarah Davis Organizations: CNN, Texas Panhandle, Storm Prediction Center, Storm Prediction, Texas, M, Service, Texans, Connect, Services, Texas Panhandle Gov, Reuters Locations: Texas, Plains, South Dakota, Denver, Colorado Springs, Colorado, Lubbock, Amarillo, Oklahoma, Central, Amarillo , Midland, Odessa, Moore County, Gray County, Oldham County, Hutchinson County, Pampa , Texas, Hemphill County, Fritch, Canadian , Texas

☆ The richest man you've never heard of isn't sure what to do with his billions
▼ + stars: | 2024-02-15 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Autry Stephens is set to be one of the world's richest people after selling his oil business. The sale is set to create one of the biggest drillers poised to take advantage of Texas' oil boom. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Autry Stephens sold his company, Endeavor Energy Resources, to Diamondback Energy earlier this week. Asked by the Journal what he would do with his newfound billions, Stephens said that he hadn't really thought about it yet.

Persons: Autry Stephens, —, Stephens, he's, Lyndal Greth, wasn't, Nvidia's Jensen Huang, Mark Zuckerberg Organizations: drillers, Service, Endeavor Energy Resources, Diamondback Energy, Bloomberg, Wall Street, Endeavor, ExxonMobil, ConocoPhillips —, Cruiser, Southwest Airlines, University of Texas Austin, UT Austin Locations: Texas

☆ These oil companies could be the next takeover targets in Permian Basin after Diamondback deal
▼ + stars: | 2024-02-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

Diamondback Energy took one of the last major, privately held operators in the Permian off the table this week when it agreed to buy Endeavor Energy Resources for $26 billion. The deal is poised to catapult Diamondback into the top tier in the Permian, the most prolific oil patch in the U.S. that stretches from western Texas into southeastern New Mexico. The top six companies in the Permian are set to own 62% of the basin's remaining oil reserves, according to Rystad Energy. The stubborn holdouts After the Diamondback-Endeavor and Occidental-CrownRock deals, the only other major privately held producers left in the Permian are Continental Resources and Mewbourne Oil. Conoco could potentially seek to acquire Permian Resources , Civitas , Coterra, Vital Energy or Ovintiv , Bernstein said.

Persons: Matthew Bernstein, Bernstein, Hess, Andy Lipow, Neal Dingmann, Mewbourne, Dingmann, Ovintiv, Enerplus, Bob Yawger, Yawger, weren't, Ryan Lance, Lance, Conoco, EOG Organizations: Diamondback Energy, Endeavor Energy Resources, Diamondback, Exxon Mobil, Chevron, Rystad Energy, Truist Securities, CRFA Research, Endeavor, CNBC, Exxon, Natural Resources, Occidental, Lipow Oil Associates, Resources, Mewbourne, Continental, Publicly, Civitas, Coterra, Vital Energy, Devon Energy, Marathon Oil, Bloomberg News, Marathon, Reuters, CFRA, ConocoPhillips, Mizuho Locations: U.S, Texas, New Mexico, Guyana, Devon, Bakken, North Dakota, Occidental, Mizuho Americas, Marathon

☆ Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
▼ + stars: | 2023-12-11 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Occidental will issue $9.1 billion in debt and about $1.7 billion in common stock to finance the transaction. Occidental Petroleum on Monday agreed to buy CrownRock , a major privately held energy producer that operates in the Permian Basin, for $12 billion. Occidental CEO Vicki Hollub said the company is purchasing CrownRock to increase its scale in the Midland Basin. Occidental is the ninth-largest energy company in the U.S. with a market capitalization of $49.7 billion. Occidental's purchase of CrownRock is the third major deal in the energy sector in less than two months.

Persons: Vicki Hollub, Hollub, CNBC's, CrownRock, Timothy Dunn, Warren Buffett's, Warren Buffett's Berkshire Hathaway, Berkshire Hathaway, Buffett, Carl Icahn, Enverus, Weeks, Hess Organizations: Midland Basin, U.S . Energy Information Administration, U.S, Occidental Petroleum, Occidental, Endeavor Resources, Houston, Lime Rock Partners, Warren Buffett's Berkshire, Anadarko Petroleum, Exxon Mobil, Natural Resources, Chevron, Pioneer, Texas Intermediate, CNBC, Energy Information Administration Locations: Occidental, Midland, Texas, U.S, Warren, Berkshire, CrownRock

Lujan Grisham said she'll ask the Legislature to set aside $500 million to underwrite acquisition of treated water. “We're going to turn water — this waste, which is a problem — into a commodity,” Lujan Grisham said at the conference. The state's oil wells draw out far more water than oil, by several multiples, according to oil field regulators. “Creating a state reserve of treated water for renewable energy projects merits serious consideration in the upcoming session,” Wirth said. New Mexico state government is navigating an unprecedented financial windfall from record setting oil production centered in the Permian Basin that extends across southeastern New Mexico and portions of western Texas.

Persons: Michelle Lujan Grisham, Lujan Grisham, she'll, “ We're, ” Lujan Grisham, “, James Kenney, ” Kenney, Peter Wirth of, Peter Wirth of Santa Fe, ” Wirth, Larry Scott, Hobbs Organizations: SANTA FE, —, Democratic, Gov, Dubai, United Arab, Tax, Fund, U.S, Lawmakers, Democratic Party, Republican Locations: SANTA, — New Mexico, United Arab Emirates, Rio, New Mexico, Peter Wirth of Santa, Texas

☆ Jeff Bezos' fiancée did a Vogue photoshoot inside the '10,000 Year Clock' — here's what the structure built beneath a mountain is all about
▼ + stars: | 2023-11-24 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Jeff Bezos' fiancée, Lauren Sanchez, posed inside the 10,000 Year Clock in a photoshoot by Vogue. AdvertisementA Vogue feature of Jeff Bezos' fiancée, Lauren Sanchez, featured an iconic photoshoot of the couple in Western Texas. It's located inside a mountain in the Western Texas desert that's part of the Sierra Diablo Mountain Range. Bezos began funding the clock project back in 2011. Jeff Bezos and Lauren Sanchez got engaged in May after dating for about four years.

Persons: Jeff Bezos, Lauren Sanchez, Bezos, Danny Hillis, —, Sanchez, intriguingly, Mackenzie Scott Organizations: Vogue, Long Now, Service, Origin, Fox Locations: Western Texas, Van Horn , Texas, Los Angeles

☆ 5.3 magnitude earthquake rattles western Texas
▼ + stars: | 2023-11-08 | by ( Sara Smart | ) edition.cnn.com time to read: 1 min

CNN —A 5.3 magnitude earthquake struck near Mentone, Texas, at around 4:30 a.m. Wednesday, the United States Geological Survey said. The earthquake had a depth of about 4.9 miles, and its epicenter was about 22 miles west-southwest of Mentone, the USGS said. The earthquake was felt as far away Santa Teresa, New Mexico, about 200 miles west of where the earthquake was detected, according to the National Weather Service in El Paso. CNN has reached out to the Loving County Sheriff’s Office for further information. Mentone is in a sparsely populated area about 75 miles west of Odessa.

Organizations: CNN, United States Geological Survey, Santa, National Weather Service, Office Locations: Mentone , Texas, Mentone, Santa Teresa , New Mexico, El Paso, Odessa

☆ The Strategic Petroleum Reserve 'would be harder to use,' and the only buffer for oil markets is Middle East production, energy expert says
▼ + stars: | 2023-10-16 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

The SPR "would be harder to use" to balance a spike in oil prices, energy expert Dan Yergin said. The S&P Global vice chairman said that oil prices can spike if the Israel-Hamas war escalates. The SPR, the world's largest reserve of emergency crude oil, is usually used to stabilize disruptions in oil supply. Saudi Arabia, along with Russia, has been cutting crude oil production in an effort to eliminate price "distortions" in the market. In fact, US oil production surged to a record high of 13.2 million barrels a day earlier this month.

Persons: Dan Yergin, —, Yergin Organizations: P Global, Service, CNBC, Strategic Petroleum Reserve, Energy Department, Energy Information Administration Yergin Locations: Israel, Saudi Arabia, Russia, Ukraine, Texas, OPEC, China

☆ Where This Summer Was Relentlessly Hot
▼ + stars: | 2023-10-09 | by ( Zach Levitt | Elena Shao | ) www.nytimes.com time to read: +5 min

Where This Summer Was Relentlessly Hot The planet just experienced its hottest months on record, and by a large margin, scientists said. Some areas, including northern Canada and some of Greenland, show temperatures more than 6 degrees Fahrenheit (3.3 degrees Celsius) above average. Phoenix, which is known for its extreme heat, shows temperatures more than 2 degrees Fahrenheit (1.1 degrees Celsius) above average. The global map spins to South America, where average daily temperatures were higher than normal for much of the continent. Areas of Sudan and Ethiopia show temperatures greater than 6 degrees Fahrenheit (3.3 degrees Celsius) higher than normal.

Organizations: Phoenix, El, Democratic Locations: North America, Canada, Mexico, Greenland, United States, El Paso, Texas, Louisiana, Baton Rouge, La, Chilean, America, Paraguay, Europe, Croatia, Switzerland, Marseille, France, Spain, Romania, Africa, Sudan, South Sudan, Democratic Republic of Congo, East, Ethiopia, China, Turpan, Mongolia

Circuit Court of Appeals found that the U.S. Nuclear Regulatory Commission lacked the authority under federal law to issue permits for private, temporary nuclear waste storage sites. Circuit Judge James Ho, writing for the court, agreed with Texas that the Atomic Energy Act does not give the agency the broad authority "to license a private, away-from-reactor storage facility for spent nuclear fuel." Abbott opposed the plan, saying he would not let Texas become "America's nuclear waste dumping ground." The plan for a temporary facility was devised in order to address a growing nuclear waste problem in the United States. The Andrews County site was chosen after efforts to build a permanent storage facility in Nevada fell apart amid fierce local opposition.

Persons: James Ho, William F, Buckley, Jr, Michelle McLoughlin, Ho, Donald Trump, Greg Abbott's, Abbott, Clark Mindock, Will Dunham Organizations: Yale University, REUTERS, Republican, Circuit, Appeals, U.S . Nuclear, Commission, Partners, Atomic Energy, Waste, NRC, Thomson Locations: New Haven , Connecticut, U.S, Texas, New Orleans, Andrews County , Texas, United States, Andrews, Nevada, New York

☆ Oil prices are finally rallying. Here's what it means for three key energy stocks
▼ + stars: | 2023-07-27 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

A long-awaited rally in crude oil prices has helped the Club's three oil-and-gas companies become some of our top-performing stocks over the past month. Brent crude, the global oil benchmark, and West Texas Intermediate crude, the U.S. oil standard, have both climbed by more than 10% since late June. Energy stocks linked to crude — including Club names Halliburton (HAL), Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) — have risen on oil's fortunes. U.S. producers also have shown restraint, Kumar told CNBC, with domestic crude production hovering around 12.3 million barrels per day all year . Moreover, a year-over-year drop in U.S. rig counts points to "a bit of a decline in oil production" down the road, Kumar said.

Persons: we're, Brent, Cowen, Jason Gabelman, Gabelman, Truist's Neal Dingmann, Dingmann, Mizuho, Nitin Kumar –, –, Kumar, Baker Hughes, Goldman Sachs, Halliburton, Ukraine —, Truist's Dingmann, Jim Cramer's, Jim Cramer, Jim, Suzanne Cordeiro Organizations: West Texas, Halliburton, HAL, Coterra Energy, Natural Resources, Bausch Health, CNBC, Bloomberg, of Petroleum, Wall, AFP, Getty Locations: U.S, Saudi Arabia, Russia, OPEC, Ukraine, Texas, New Mexico, Stanton , Texas

☆ Brutal Heat Wave Is Expected to Spread Across the South
▼ + stars: | 2023-06-28 | by ( Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

The heat index is a measure of how hot it really feels, when humidity and other factors are considered along with the temperature. Already, the excessive heat has killed three hikers, brutalized workers and caused spikes in ambulance calls and emergency-room visits, as cities caution residents to stay indoors and drink water. As of Tuesday evening, more than 61 million people were under excessive heat warnings or advisories, according to data from the National Weather Service. Forecasters have warned that the relentless heat could continue across much of the South through the weekend. The heat will persist next week, with parts of the Great Lakes, Midwest, Idaho and eastern Washington State expected to be up to 10 degrees above normal, said David Roth, a meteorologist with the Weather Prediction Center of the National Weather Service.

Persons: David Roth Organizations: Northern, San, Weather Service, National Weather Service, Washington State, Weather Locations: Northern California, Sacramento, San Joaquin Valley, Southwest, Arizona , New Mexico, Texas, Lakes, Midwest , Idaho, Washington

☆ Former Texas Rep. Will Hurd jumps into the 2024 GOP presidential race
▼ + stars: | 2023-06-22 | by ( Rose Horowitch | ) www.cnbc.com time to read: +4 min

Will Hurd, a retired CIA officer and former Texas congressman, announced Thursday that is joining the race for the Republican presidential nomination, launching a long-shot bid as a moderate alternative to GOP hard-liners. But he faces long odds in a growing primary field still dominated by former President Donald Trump, analysts say. Hurd called a 2024 battle between Trump and President Joe Biden the "rematch from hell," claiming that a majority of Americans would prefer other candidates. Hurd has cast himself as a moderate Republican who can appeal to voters across the political spectrum. "Republican voters want to win," Terrill said.

Persons: Will Hurd, Hurd, Donald Trump, J, Miles Coleman, Coleman, Hillary Clinton, Trump, Joe Biden, It's, Biden, Matt Terrill, —, Terrill Organizations: CIA, Republican, GOP, CBS, Trump, University of Virginia's Center, Politics, Black Republican, Press, Russian, OpenAI, CNN Locations: Texas, New Hampshire, Ukraine, America, Iowa, South Carolina

☆ Texas power prices jump 100% as record heat wave sends demand soaring
▼ + stars: | 2023-06-21 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Texas power prices soared 100% on Tuesday amid a massive heat wave that broke some records. On Tuesday, San Angelo in western Texas set a new record high temperature of 114 degrees, topping its prior record of 111 degrees. Adding to the demand on Texas power supplies and prices is the tropical-level humidity in the state that worsens the heat effect, making it feel like 120 degrees or more. The heat wave is expected to last longer than a week, meaning the power grid will be under extended strain. The heat wave is expected to continue toppling records next week, when ERCOT sees demand reaching 82,080 MW on Monday and 83,555 MW on June 28.

Persons: —, ERCOT Organizations: Service, of Texas Locations: Texas, San Angelo, Rio Grande, Rio, Dallas, San Antonio

☆ A US Reaper drone made its first-ever landing in the dirt, breaking away from the 'leash' of traditional runways
▼ + stars: | 2023-06-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The US military recently landed a MQ-9 Reaper drone on a dirt strip for the first time. An Air Force official hailed the exercise as an opportunity to break away from traditional runways. A US Air Force MQ-9 Reaper conducts the first ever MQ-9 Reaper landing on a dirt landing zone during a training exercise near Fort Stockton, Texas, June 15, 2023. For the Air Force, that means learning how to fight from austere locations that provide increased survivability and flexibility. In doing so, a travel pod was attached to the Reaper so it could resupply soldiers who were waiting at the dirt landing zone.

Persons: —, Brian Flanigan, Flanigan, Sgt, Cody H, Ramirez, David Payne , Organizations: An Air Force, Service, US Air Force, Air Force Special Operations Command, Air Force, Air Force Reserve Command, AFSOC, Special Operations Squadron, Commando, 2nd Special Operations Squadron, The Air Force Locations: Fort Stockton, Texas, Fort Stockton , Texas, Wyoming, Rawlins , Wyoming

☆ U.S. Regains Its Energy Clout as Ukraine War Enters Second Year
▼ + stars: | 2023-02-26 | by ( David Uberti | Bob Henderson | ) www.wsj.com time to read: 1 min

More oil from shale regions such as the Permian Basin in western Texas is being directed to the Gulf Coast for shipment to overseas markets. A year of war in Ukraine has highlighted the return of oil as a source of U.S. financial influence and geopolitical power. As the West has shunned most Russian energy, unleashing a pressure campaign against the Kremlin’s petroleum revenues, record U.S. crude exports have helped fill the gap in Europe with the oil needed to produce gasoline, diesel and jet fuel.

☆ War in Ukraine Drives New Surge of U.S. Oil Exports to Europe
▼ + stars: | 2023-02-26 | by ( David Uberti | Bob Henderson | ) www.wsj.com time to read: 1 min

More oil from shale regions such as the Permian Basin in western Texas is being directed to the Gulf Coast for shipment to overseas markets. A year of war in Ukraine is revitalizing U.S. oil exports as a source of financial influence and geopolitical power. As the West has shunned most Russian energy, unleashing a pressure campaign against the Kremlin’s petroleum revenues, record U.S. crude exports have helped fill the gap in Europe with the oil needed to produce gasoline, diesel and jet fuel.

☆ Goldman Sachs says these stocks have major upside following earnings
▼ + stars: | 2023-02-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Goldman Sachs analysts said this week there is a slate of stocks coming out of earnings that are just too attractive to ignore. CNBC Pro combed through Goldman Sachs' research to find the firm's top ideas for companies exiting quarterly reports. They include Tractor Supply, Charter Communications , Exxon Mobil , General Motors and Caterpillar. Tractor Supply The farm supply retailer continues to impress, according to Goldman analyst Kate McShane. The firm came away even more positive on the name after Tractor Supply's robust late January earnings report.

☆ Elon Musk attorneys try to move trial from California to Texas, citing ‘local negativity’
▼ + stars: | 2023-01-07 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +3 min

Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won’t be able to find unbiased jurors and citing “local negativity” toward Musk. That year, Musk resided in California and Tesla was headquartered in Palo Alto. In a recent public appearance in San Francisco, Musk was booed after comedian Dave Chappelle invited him on stage. The Tesla CEO has repeatedly claimed that he made a handshake deal with investors from Saudi Arabia’s Public Investment Fund to take Tesla private at $420 per share. Text messages revealed in another trial in 2022 suggested Saudi PIF investors had not fully agreed to fund a Tesla deal.

☆ Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’
▼ + stars: | 2023-01-07 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Attorneys for Tesla and Elon Musk are asking a federal judge in San Francisco to move, or delay, a forthcoming trial from Northern California to Western Texas, saying they won't be able to find unbiased jurors and citing "local negativity" toward Musk. That year, Musk resided in California and Tesla was headquartered in Palo Alto. In a recent public appearance in San Francisco, Musk was booed after comedian Dave Chappelle invited him on stage. Musk and his attorneys have previously argued that his statements about a possible take-private deal for Tesla in 2018 did not violate the law. The Tesla CEO has repeatedly claimed that he made a handshake deal with investors from Saudi Arabia's Public Investment Fund to take Tesla private at $420 per share.

We're buying 25 shares of Pioneer Natural Resources (PXD) at roughly $223 each. Following Wednesday's trade, Jim Cramer's Charitable Trust will own 175 shares of PXD, increasing its weighting in the portfolio to 1.39% from 1.2%. We're adding to Pioneer Natural Resources because it has some of the best oil assets in the Permian Basin, located in western Texas and southeastern New Mexico. At a more normalized level of $80 per barrel, Pioneer thinks the annual payout will be $19 per share, offering an annual yield of about 8.5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

As the storm took shape over the Great Lakes on Thursday, a weather phenomenon known as a bomb cyclone was likely to develop from a "rapidly deepening low-pressure" system, the National Weather Service (NWS) said. The cyclone could spawn snowfalls of a half inch (1.25 cm) per hour and howling winds from the Upper Midwest to the interior Northeast, producing near-zero visibility, the weather service said. "It's dangerous and threatening," President Joe Biden said at the White House, urging Americans with travel plans to not delay and to set off on Thursday. Hundreds of Texans died in February 2021 after the state's power grid failed amid wintry storms, leaving millions without electricity. Greg Carbin, chief of forecast operations at the NWS Weather Prediction Center in Maryland, said freezing or below-freezing cold would bisect central Florida, with temperatures about 25 degrees below normal.

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