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SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
Perhaps indicative of the fragility of the current rebound - as Software stocks have recently ripped higher for 8 straight days - SaaS stocks are all deeply in the red after-hours as ServiceNow - the potential poster-child for AI disruption - cut its margin outlook amid lackluster results, sending shares reeling.
At first glance, it was a good print - the provider of business task management software posted first-quarter adjusted earnings of 97 cents a share, which was in-line with Wall Street...
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May 16, 2026 / Jason Ditz
Lebanon Ceasefire Extended 45 Days, Israel Attacks Medical Center, Killing Paramedics
Multiple days of negotiations in Washington D.C. have ended with Israel and Lebanon extending their ceasefire for an additional 45 days. Underscoring that Lebanese officials failed to get any assurances about the ceasefire working any better than it was before, Israel immediately attacked a medical center in southern Lebanon. The US promised to proactively faciliate […]
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May 19, 2026 / Tyler Durden
BBC's Former News Director Says Trans-Bias & 'Progressive Madness' Drove Her Out
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Major US Shale Producer To Boost Output, And It Suggests One Thing
Major US Shale Producer To Boost Output, And It Suggests One Thing
Last month, roughly three weeks into the U.S.-Iran conflict, UBS chief economist Arend Kapteyn told clients that one reason this Middle East energy shock is "not like the 2011-2014 shale boom" is the lack of a comparable response from the U.S. shale patch. In other words, the oil shock was viewed as temporary by major shale players and not worth adding new drilling rigs to the mix.
But now, on day 35 of Operation Epic Fury, that assumption about...
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