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Gulf War Leaves $58 Billion Repair Bill And Global Equipment Crunch
Gulf War Leaves $58 Billion Repair Bill And Global Equipment Crunch
Last week, JPMorgan - which correctly noted that headlines tend to focus on the fact of damage not the scale - was the first itemize the damage from the war in Iran, finding more than 60 energy infrastructure assets in the Gulf have been affected by drone and missile strikes, with roughly 50 sustaining different degrees of damage.
What about the actual dollar value of the inflicted damage?
According to Rystad, repair and restoration costs for energy-linked infrastructure as a result of...
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Jul 13, 2026 / Tyler Durden
GOP Uses Kavanaugh's Own Playbook To Take Another Swing At Birthright Citizenship
GOP Uses Kavanaugh's Own Playbook To Take Another Swing At Birthright Citizenship
Last month, the Supreme Court struck down Trump's executive order attempting to end birthright citizenship. Justice Kavanaugh joined that majority in striking down the order, but he also filed a separate partial dissent, and his reasoning did Republicans a favor.
Chief Justice John Roberts wrote for the majority in Trump v. Barbara, a 5-4 decision joined by Justices Kagan, Sotomayor, Barrett, and Jackson, and leaned on the 1898 case U.S. v. Wong Kim Ark to hold that the 14th...
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Mar 10, 2026 / Tyler Durden
Oracle Jumps On Solid Earnings And Guidance Boost Despite Soaring CapEx And Cash Burn
Oracle Jumps On Solid Earnings And Guidance Boost Despite Soaring CapEx And Cash Burn
There was much anxiety ahead of Oracle's Q3 earnings release: yes, revenue growth would be solid but would it come at the expense of even more capex, which has sent the stock price tumbling more than 50% since its record high on Sept 10. In the end, it turned out the company had learned from recent mistakes and projected a goldilocks future: strong revenue and just right capex.
Here is what Oracle reports for Q3:
Adjusted EPS $1.79...
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Oct 9, 2026 / Tyler Durden
Nevada 'Runaway Bride' Who Married Multiple Men To Fund Gambling Addiction Ordered To Repay $280,000
Nevada 'Runaway Bride' Who Married Multiple Men To Fund Gambling Addiction Ordered To Repay $280,000
A Nevada woman who allegedly used a string of marriages to extract money from unsuspecting men has been ordered to repay more than $280,000 after pleading guilty to bigamy and financial fraud, according to CourtTV.
Jiaying Chen, 33, was accused of maintaining a yearslong operation in which she pursued romantic relationships, married multiple men and obtained significant amounts of money before abandoning them. Investigators said she went through five marriages in just the past year. Clark...
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