Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news. LUBBOCK — Cotton production has been decimated by drought and extreme heat this year, costing Texas High Plains farmers and other agricultural industries at least $2 billion, according to one estimate. “There’s just not much …
Texas’ drought is costing the state’s cotton farmers billions of dollars Read More »
New Delhi, India – On the evening of May 13, India announced a sudden ban on exports of wheat, catching nearly all buyers and sellers of the grain unprepared. One notable exception was billionaire Mukesh Ambani’s Reliance Industries, which has since entered the business of trading grain and quickly became the country’s second-largest wheat exporter …
Reliance emerges as a winner after India’s wheat ban | Business and Economy News Read More »
Still reeling from Fed Chair Jerome Powell’s longer-term higher comments last week, it appears that riskier assets like stocks are poised for another blow, on Monday. “The stock market can’t collapse more than 5% based on one man’s words,” grumbled Chris Robke, chief economist at FWDBONDS, who sees a major credibility problem for the central …