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Monday, June 29, 2026
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The expensive workaround Trump is using to dismantle wind energy
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Federal courts had blocked each of the Trump administration's
attempts to ban new wind energy development. So it changed course, signing buyout agreements worth a combined $2.6 billion to cancel planned wind farms and redirect the funds toward fossil fuel projects.
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The most recent agreement paid energy firm Invenergy
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$765 million to
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drop four offshore wind proposals off the coasts of California, New York, and Maine. Invenergy will use the funds to build at least five natural gas plants in
the Midwest instead. The White House also paid French company TotalEnergies $928 million under the same terms.
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Wind advocates say the pullback comes at the wrong moment. Power demand across the U.S. has climbed sharply as AI data centers multiply, and electricity bills have doubled in some parts of the country. Offshore wind farms produce no emissions and occupy little land relative to their output.
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The administration's buyout strategy may face its own legal resistance. California announced last
week it will sue to block the Invenergy deal, citing a gas price surge tied to the war in Iran.
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Tackle your credit card debt with 0% interest
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The secret: Find a card with a “0% intro APR" period for balance transfers. Then, transfer your debt balance and pay it down as much as possible during the intro period. No interest means you could pay off the debt faster. Check out a list of cards you can use to do this here.
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Are wind farms a solution to the energy crisis?
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Yes. Especially with gas prices where they are
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<!--[if !mso]><!-->
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No. Windmills are ugly and inefficient
</a>
<!--<![endif]-->
<!--[if mso]><a
href="https://www.ne16.com/t/10925287/222404108/10062241/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNi0yOQ&x=278346e8" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">No. Windmills are ugly and
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Here's what you need to know
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<a data-linktext="Polymarket's U.S. launch pushes its annual revenue to $1 billion." data-linktype="Normal" style="color:#105C8E" target="_blank">
Polymarket's U.S. launch pushes its annual revenue to $1 billion.
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</strong>
Daily trading volume grew more than fourfold in the six weeks since the company made its mobile app public in
mid-May. Polymarket, which became a CFTC-regulated exchange last July, has been operating in the U.S. market for almost a year.
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Michigan's
sentiment index snaps a three-month slide in June." data-linktype="Normal" style="color:#105C8E" target="_blank">
Michigan's sentiment index snaps a three-month slide in June.
</a>
</strong>
Falling gas prices helped produce a 49.5 reading, up from May's record low of 44.8, as consumers reported more financial breathing room. Despite the gain, the score is nearly 20% below a year ago and the second lowest since the 1970s.
</div>
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Microsoft's stock falls to its lowest point in a year over AI costs." data-linktype="Normal" style="color:#105C8E" target="_blank">
Microsoft's stock falls to its lowest point in a year over AI costs.
</a>
</strong>
Shares are down more than 20% in 2026 and on pace for the steepest June drop in the stock's history.
Meanwhile, capital expenditures are up 63% to $38 billion, squeezing free cash flow by 10% without producing expected growth.
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="SpaceX plans to sell
mobile service to U.S. consumers." data-linktype="Normal" style="color:#105C8E" target="_blank">
SpaceX plans to sell mobile service to U.S. consumers.
</a>
</strong>
President Gwynne Shotwell told investors that Starlink may expand into retail and that the company could build its own network. SpaceX paid roughly $17 billion for wireless spectrum licenses from EchoStar to support direct-to-cell coverage.
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="IBM says its chip could cut energy use by up to 70%." data-linktype="Normal" style="color:#105C8E" target="_blank">
IBM says its chip could cut energy use by up to 70%.
</a>
</strong>
The company's new processor features a nanostack architecture that fits nearly 100 billion transistors into a fingernail-sized area. Intel, Samsung, and
TSMC are all pursuing similar designs. IBM says production could come within five years.
</div>
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Entrepreneurial Inspiration and its free
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Stories, insights and what's working right now from Adam Wagner - an investor and advisor to Grüns, owner of Raindrop (the agency behind Dr. Squatch) and operator of
VitaWild.
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Subscribe To Adam Wagner's Newsletter" data-linktype="Normal" style="color:#105C8E" target="_blank">
Subscribe To Adam Wagner's Newsletter
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Cravetiger / Getty
Images
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<span style="font-size:24px;font-family:Arial">
The scam that's draining retirement accounts starts with a text message
<span class="ql-cursor">
</span>
</span>
</h1>
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<div>
<span style="line-height: 1.4">
Imposter scams drained a record $3.5 billion from Americans last year,
nearly three times the losses the Federal Trade Commission recorded in 2020, according to the agency. For the fifth year running, no fraud category generated more reports to the agency than imposter scams, which made up close to a third of all complaints.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="line-height: 1.4">
Most of these schemes start with a fake bank alert warning the recipient their account is at risk. The scammer then instructs them to move their funds to safety, and sometimes brings in a fake government agent to legitimize the
effort. Victims have emptied savings accounts, Roth IRAs, and 401(k)s under false pretenses.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="line-height: 1.4">
Americans reported roughly $16 billion in total losses last year, the highest figure on record and about 25% more than 2024, the FTC said. Victims 60 and older accounted for 68% of all losses of $100,000 or more.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="line-height: 1.4">
Victims of fraud reported $2.1 billion in losses on social media platforms alone. Losses from Facebook exchanges
exceeded the combined total from text messages and email, according to the FTC.
</span>
</div>
</td>
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