Economy & Finance

Tesla Surges After Reporting $2BN Investment In xAI, Stronger Than Expected Profit Going into Tesla earnings, we wrote in our preview that Morgan Stanley saw a “particularly wide dispersion in financial KPIs into the 4Q print and for 2026.” The bank said that the stock reaction will depend on the incrementality of updates around scaling […]

Mamdani Pressures Hochul To Jack Up Taxes On Rich Amid NYC Budget Woes New York City Mayor Zohran Mamdani has lots of ideas – virtually all of which require extracting more money from taxpayers, as socialists tend to do.  To accomplish this, he’s gonna need some help – and has been leaning on Gov. Kathy Hochul

“How Silly It Would Be”: Columbia Student Explains Why She Did Not Report Her Own Gang-Rape To Protect Attackers Authored by Jonathan Turley, Columbia PhD candidate, Anna Krauthamer, has caused a stir over her column in the far-left Nation on “Why I Didn’t Report My Rape.” The reason? Krauthamer is a prison abolitionist and wanted

Russian Crew Of Seized Tanker Finally Freed By US, On Their Way Home: Kremlin Washington has quietly released two Russian sailors detained earlier this month by the US Navy’s enforcement arm of Venezuela sanctions, according to Russian Foreign Ministry spokeswoman Maria Zakharova on Wednesday. “Two Russian sailors have been released and are on their way

Meta Stock Jumps Despite Soaring Capex, Expense Forecast As we wrote in our Mag 7 earnings preview, investor sentiment has soured considerably on META since the Q3 25 print when it became abundantly clear that Zuckerberg’s foot remains firmly pressed down on the OpEx/capex accelerator. To date, investors have seen little tangible evidence that the

Deranged Nurse Fired After Urging Poisoning & Paralyzing Of ICE Agents Authored by Steve Watson via Modernity.news, A nurse at Virginia Commonwealth University Health has been terminated after posting a series of videos urging sabotage against ICE agents, including injecting them with paralytic drugs and poisoning their food and drinks. Yes, really. The unhinged suggestions

Microsoft Tumbles After Top- & Bottom-Line Beats But CapEx Soars With all eyes firmly focused on CapEx numbers to keep the AI-expansion narrative alive, Microsoft beat expectations on top- and bottom-line, and operating income, but a bigger than expected CapEx. Microsoft posted adjusted earnings of $4.14 a share on revenue of $81.3 billion (better than

Amazon Exits Experimental Grocery Stores, Will Focus On Whole Foods, ‘Supercenters’ Amazon is shutting down its Amazon Go and Amazon Fresh grocery stores, marking a significant retrenchment from its most ambitious efforts to reinvent brick-and-mortar food retail. The move reflects the company’s conclusion that, despite years of experimentation, it has not yet found a physical

Indonesian Stocks Halted For 30 Minutes After Crashing On MSCI “Investability” Concerns Indonesian stocks tumbled after MSCI raised concerns about their investability and warned of a potential downgrade to frontier-market status.  The benchmark Jakarta Composite Index plunged 7.4% on Wednesday, its biggest one-day slide in over nine months; earlier in the day it crashed as

Tether To Become “Gold Central Bank” In Post-Dollar World, CEO Ardoino Says Authored by Danny Park via TheBlock.co, Tether CEO Paolo Ardoino told Bloomberg that he expects the company to become one of the largest gold central banks in the world. The company plans to start trading its gold reserves for additional profit. Tether owns