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Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal
Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal
Days after President Donald Trump delayed a planned meeting with Chinese President Xi Jinping over the now 26-day-old U.S.-Iran conflict, one of China's top state-owned airlines unveiled a major narrow-body aircraft deal with Airbus.
China Eastern Airlines announced a $15.8 billion deal for 101 Airbus A320neo aircraft on Wednesday, with deliveries scheduled between 2028 and 2032.
The Shanghai-based carrier, which operates domestic and international passenger and cargo flights, said it negotiated prices well below list value and expects to fund...
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Aug 3, 2026 / Tyler Durden
GameStop Shares Plunge As $1.4 Billion Debt-For-Equity Swap Threatens Dilution
GameStop Shares Plunge As $1.4 Billion Debt-For-Equity Swap Threatens Dilution
GameStop shares fell in premarket trading after the company announced it had agreed to exchange about $1.4 billion of zero-coupon convertible notes for Class A shares, allowing the video game retailer to reduce long-term debt without using cash.
The press release stated that the transactions were privately negotiated and cover $400 million of notes due in 2030 and $1 billion due in 2032. After the cancellation, CEO Ryan Cohen's GameStop will have about $2.8 billion of convertible debt remaining, including...
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Mar 30, 2026 / Tyler Durden
The Assisted Suicide Of Lofty State And Local Taxes
The Assisted Suicide Of Lofty State And Local Taxes
Authored by Rob Arnott via RealClearPolitics,
We get the government we choose to elect, hence the government we deserve. Voting for ever-higher punitive taxes on the rich is arguably a form of civic suicide. Consider that a wealthy New Yorker can get a raise of almost 40% just by moving.
That’s right. If moving eliminates a 14.8% top state and local tax rate, our top-tier taxpayer gets a 36% raise, not a 14.8% raise, by leaving. It’s doubtful if any of our city...
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Mar 25, 2026 / Tyler Durden
Both Sides' Starting Ceasefire Positions Are: "We Won, You Surrender"
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