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Netflix Plunges After US Revenues Miss, Dismal Q2 Guidance, Hastings Stepping Down As Chairman
Netflix Plunges After US Revenues Miss, Dismal Q2 Guidance, Hastings Stepping Down As Chairman
After staging a powerful rebound in the past two months, when first weak Q4 earnings sent the stock plunging to multi-year lows, which however was offset by the end of the company's expensive pursuit of HBO/Warner Bros. Discovery , and which sent the stock almost 50% higher from $75 to $108,moments ago Netflix reported Q1 earnings which were mixed but guidance was especially poor and rekindled the same fears as those unveiled three months ago, and...
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Apr 13, 2026 / Tyler Durden
Navy's Green Laundry Initiative Weakened A $15 Billion Carrier
Navy's Green Laundry Initiative Weakened A $15 Billion Carrier
Authored by Mike Fredenburg via The Epoch Times,
The $15 billion USS Ford was forced to cut short its deployment due to a 30-hour laundry fire that did millions of dollars in damage. And it has been revealed that even while it remained on station in the Gulf, Ford could not generate combat sorties for two days due to the raging 30-hour laundry fire that drove some 600 sailors out of their sleeping quarters. Thirty hours to get a laundry fire under...
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Jun 25, 2026 / Tyler Durden
Explosion In Data-Centers Fueling Third Wave Of Inflation
Explosion In Data-Centers Fueling Third Wave Of Inflation
We're finally starting to see hints of relief when it comes to inflation. Prices at the pump are starting to come down, monthly core CPI momentum has slowed, used cars were down around 2% YoY, and food inflation is starting to moderate. On the other hand, there's America's massive explosion in artificial-intelligence infrastructure - which is beginning to push prices up on everything from electricity to smartphones.
On Thursday Apple announced a 15-25% price hike on Mac computers and iPads, after CEO Tim Cook told the Wall Street...
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Jun 18, 2026 / Tyler Durden
Waste Of The Day: Town Manager's Snacking Spree
Waste Of The Day: Town Manager's Snacking Spree
Authored by Jeremy Portnoy via RealClearInvestigations,
Topline: Michael Boaz, the former town manager of Pilot Mountain, North Carolina, made hundreds of unauthorized purchases on his city credit card from 2022 to 2024, including bullets and a hotel for his family vacation, according to a state audit released in May.
Boaz was fired in 2024 when the allegations first came to light. Now that a state audit confirmed the questionable purchases, he has been indicted for felony embezzlement.
Key facts: Boaz' questionable purchases totaled $18,426, much...
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