Nov 16, 2017

The world's biggest sovereign wealth fund may drop oil and gas stocks from Index

Norway's trillion-dollar sovereign wealth fund has asked the government for permission to drop oil and gas stocks from its main index in an effort to reduce the bank's, and in turn the Norwegian government's, vulnerability to fluctuating oil prices, per Reuters.

Why it matters: If the bank's proposal is approved by the finance ministry and adopted by parliament, oil and gas companies would be hit with a significant cut in investments. According to Reuters, the energy stocks, which currently represent about $37 billion of the fund's benchmark equity index, would be entirely eliminated in the coming years.

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Updated 41 mins ago - Politics & Policy

Republicans sue California over mail-out ballot plan

California Gov. Gavin Newsom during a February news conference in Sacramento, California. Photo: Justin Sullivan/Getty Images

President Trump accused Democrats of trying "Rig" November's general election as Republican groups filed a lawsuit against California Sunday in an attempt to stop Gov. Gavin Newsom (D) from mailing ballots to all registered voters.

Driving the news: Newsom signed an executive order this month in response to the coronavirus pandemic ensuring that all registered voters in the state receive a mail-in ballot.

Federal judge strikes down Florida law requiring felons to pay fines before voting

Gov. Ron DeSantis. Photo: oe Raedle/Getty Images

A federal judge on Sunday ruled that a Florida law requiring convicted felons to pay all court fines and fees before registering to vote is unconstitutional.

Why it matters: The ruling, which will likely be appealed by state Republicans, would clear the way for hundreds of thousands of ex-felons in Florida to register to vote ahead of November's election.