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Jet-Ski Maker Crashes Most On Record As "Mind-Blowing" Tariff-Hit Sparks Worst-Case Scenario Fears
Jet-Ski Maker Crashes Most On Record As "Mind-Blowing" Tariff-Hit Sparks Worst-Case Scenario Fears
BRP's US-listed shares crashed the most on record as the US cash session began, after the jet ski and snowmobile maker withdrew its financial outlook.
The company warned that changes in the US tariff environment surrounding steel, aluminum, and copper could result in a $500 million hit before any mitigation efforts.
BRP wrote in a statement:
For BRP, the amendment mainly leads to a 25% tariff on the total value of imported snowmobiles and the majority of ORV models, replacing the...
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Aug 8, 2026 / Tyler Durden
Iran's Mehr Releases Video Of Supreme Leader Mojtaba Khamenei For 'First Time' - Except It's Old
Iran's Mehr Releases Video Of Supreme Leader Mojtaba Khamenei For 'First Time' - Except It's Old
Update(2210ET): Iran's state Mehr has purported to release video of Supreme Leader Mojtaba Khamenei for the 'first time' since the start of the war, and since he was wounded in a US-Israeli airstrike in the opening days of the attacks of over five months ago. The state-released footage is titled "First Images of the Leader" - and shows the Ayatollah addressing students, after months of speculation over his status, or whether he is even alive....
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Jul 14, 2026 / Tyler Durden
Rate-Hike Odds Slump As US Consumer Prices Plunge Most Since COVID In June
Rate-Hike Odds Slump As US Consumer Prices Plunge Most Since COVID In June
With oil prices having tumbled (before this latest resurgence) but semiconductor prices soaring still, expectations were for a small 0.1% MoM decline in CPI but in fact it printed dramatically cooler, dropping 0.4% MoM - the biggest monthly decline since COVID (April 2020), dragging the YoY CPI change down to +3.5% YoY...
Source: Bloomberg
Both Goods and Services costs saw YoY growth decline...
Energy dominated the decline while Core Services rose very modestly...
CPI breakdown:
Headline CPI down 0.4% MoM in...
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Aug 24, 2026 / Tyler Durden
World's Largest Refiner Says China's Oil Demand "Very Likely Peaked Last Year"
World's Largest Refiner Says China's Oil Demand "Very Likely Peaked Last Year"
One of the most understated stories of 2026, and the reason why oil (and gas) aren't trading at persistently nosebleed levels (ignore diesel for the time being), has been China's unexpectedly weak oil demand. And while there has been much speculation surrounding the reason for this chronically weak oil demand, ranging from an accelerated - and offsetting - SPR drain, to a dramatic economic slowdown behind the scenes (or even in front of the scenes based on the...
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