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JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut
JPM Stock Fizzles Despite Blowout Quarter As Key Forecast Cut
One day after Goldman Sachs reported its highest profit in 5 years (despite an ugly miss in FICC revenues), this morning JPMorgan impressed with just as solid results, when it reported that its Q1 profits rose 13% as the bank benefited from soaring market volatility and frantic trading amid the war with Iran and the US military operation in Venezuela.
The largest US bank reported net income of $16.5bn, beating analyst estimates of a $15.2bn print, up from $14.6bn a year...
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May 18, 2026 / Tyler Durden
UAE Paid New York Firm Millions To Bury Article On Ambassador's Links To Sex Traffickers: Report
UAE Paid New York Firm Millions To Bury Article On Ambassador's Links To Sex Traffickers: Report
Via The Cradle
The UAE paid New York-based reputation management firm Terakeet more than $6 million to bury a 2017 report revealing that the Emirati ambassador to Washington, Yousef al-Otaiba, had ties to sex workers and traffickers, according to a New York Times (NYT) report published on Sunday.
The campaign was designed to push the Intercept report out of public sight on Google search results. According to Foreign Agents Registration Act records cited by the paper, Terakeet's work for the UAE began in...
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Apr 15, 2026 / Tyler Durden
IMF Warns US Treasury Market Prone To "Sudden Repricing" Due To Soaring Debt, Overreliance On Bills
IMF Warns US Treasury Market Prone To "Sudden Repricing" Due To Soaring Debt, Overreliance On Bills
The International Monetary Fund warned Wednesday that the relentless US debt issuance is undermining the premium Treasuries have commanded from investors, with implications for government securities across the globe.
“The increase in the US Treasury security supply is compressing the safety premium that US Treasuries have traditionally commanded — an erosion that pushes up borrowing costs globally,” the Washington-based IMF said in its latest Fiscal Monitor report.
The US has been selling large volumes of debt...
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Apr 2, 2026 / Tyler Durden
Solar Installations Fell 22% In 2025
Solar Installations Fell 22% In 2025
By Diana DiGangi of UtilityDive,
Solar developers installed 26.5 GW last year, down 22% from the 33.8 GW they installed in 2024, according to the Federal Energy Regulatory Commission (FERC).
The decline in solar installations took place despite the ongoing rush to bring projects online in order to qualify for the Inflation Reduction Act tax credits, which had their timelines curtailed by the One Big Beautiful Bill Act.
Despite this decrease, solar still led all other generation sources in 2025 installations. As of December, solar now makes up 12.2%...
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