US and Israel Have Only Destroyed a Third of Iran’s Missile Stockpile

Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing" The last of the giga-caps to report today, the increasingly more misnamed Meta Platforms, had some good news to report for the just completed Q1. It also had bad news, and judging by the plunge in the stock price, the market is focusing on the latter.  First, the good news: the company reported revenue and EPS both of which beat estimates, and guided Q2 revenues which came in roughly in line with estimates. Here is the breakdown.  EPS $10.44 vs. $6.43...

French Election: Socialists Secure Paris, LePen's Populists Make Historic Local Gains Marine Le Pen’s National Rally delivered its strongest performance ever in French local elections on Sunday, capturing dozens of municipalities and installing an ally as mayor of Nice - while socialists predictably held onto key urban centers, including Paris, Marseille, Lyon and Lille.  NR celebrates in 2024 The results of the second-round municipal vote on Sunday mark the clearest sign yet that the populist party is no longer a protest movement but a genuine governing force in parts of France - and a...