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"The Roaring 2020s Are Back": S&P Futures Hit New Record With Nasdaq Up 12 Straight Days On Iran Truce Optimism

"The Roaring 2020s Are Back": S&P Futures Hit New Record With Nasdaq Up 12 Straight Days On Iran Truce Optimism Stock futures are edging higher on continued optimism about an extended truce in the Middle East, while Taiwan Semi's solid results have sparked another leg higher in AI trade. As of 8:15 am ET, S&P 500 futures rose 0.1%, while Nasdaq 100 contracts +0.2%, and on pace for a 12th day of gains. The early hours of the session saw a sharp rally in technology stocks after TSMC's upbeat revenue...
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May 22, 2026 / Tyler Durden
Elon Musk Offers To Fund Lawsuit Against UK Police In Henry Nowak Stabbing Tragedy
Elon Musk Offers To Fund Lawsuit Against UK Police In Henry Nowak Stabbing Tragedy Authored by Steve Watson via Modernity.news, Elon Musk has stepped forward to hold UK police accountable in what appears to be one of the most disturbing policing failures to emerge from Britain in years. The tech mogul publicly offered to bankroll a wrongful death lawsuit against officers who allegedly prioritized an attacker's claims of "racism" over saving the life of 18-year-old Henry Nowak. Musk's intervention comes as harrowing bodycam footage from the scene plays out in Southampton Crown Court...
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Apr 30, 2026 / Tyler Durden
Hershey CEO Says GLP-1 Boom Fuels Demand For Gum And Mints
Hershey CEO Says GLP-1 Boom Fuels Demand For Gum And Mints Hershey reported first-quarter sales and earnings that exceeded Bloomberg-tracked analyst expectations, driven by higher candy prices and resilient consumer demand. Beyond the earnings report, CEO Kirk Tanner made one very notable comment in prepared remarks: demand for gum and mints remains strong, with the category benefiting from "functional snacking" tailwinds tied to GLP-1 adoption. "We've also seen strong demand for gum and mint products as the category benefits from functional snacking tailwinds, including GLP-1 adoption," Tanner said. GLP-1 drugs suppress appetite and...
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Jul 14, 2026 / Tyler Durden
SaaSpocalypse Is Back: IBM Crashes Most Since 1987 As Customers Abruptly "Shift CapEx Spending"
SaaSpocalypse Is Back: IBM Crashes Most Since 1987 As Customers Abruptly "Shift CapEx Spending" IBM shares plunged almost 20% in premarket trading, putting the stock on track for its worst intra-day collapse since Oct. 19, 1987. Worse than the Dot Com crash... The catalyst for the selloff was IBM CEO Arvind Krishna's letter to investors outlining preliminary second-quarter results. Here is what's key: IBM CEO: DID NOT ANTICIPATE MAGNITUDE OF CAPEX REPRIORITIZATION Traders were likely caught off guard by a 7% decline in infrastructure revenue, raising new concerns about demand across one of IBM's key...
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