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Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing"
Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing"
The last of the giga-caps to report today, the increasingly more misnamed Meta Platforms, had some good news to report for the just completed Q1. It also had bad news, and judging by the plunge in the stock price, the market is focusing on the latter.
First, the good news: the company reported revenue and EPS both of which beat estimates, and guided Q2 revenues which came in roughly in line with estimates. Here is the breakdown.
EPS $10.44 vs. $6.43...
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Mar 30, 2026 / Tyler Durden
US Office-To-Apartment Conversions Hit New Record: Report
US Office-To-Apartment Conversions Hit New Record: Report
Authored by Mary Prenon via The Epoch Times,
This year is another record year for the conversion of office buildings into residential apartments in the United States, according to a recent RentCafe report.
At the beginning of 2026, 90,300 apartments were in the process of conversion across America—a 28 percent increase from 70,600 last year, according to the March 24 report.
At 47 percent, office conversions now comprise almost half of all adaptive reuse projects nationwide, with the New York metro area leading the way with...
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Apr 30, 2026 / Tyler Durden
Hezbollah's Cheap Fiber Optic Drones A Growing, Deadly Problem For Israeli Troop Convoys
Hezbollah's Cheap Fiber Optic Drones A Growing, Deadly Problem For Israeli Troop Convoys
Via The Cradle
Hezbollah attacked the Israeli army with a fiber-optic drone in the Galilee on Thursday, injuring at least a dozen soldiers and destroying a military vehicle.
Israeli Army Radio reported that 12 soldiers were injured when the drone struck a military position in the Shomera settlement. Two soldiers were “moderately” injured while 10 sustained minor wounds, Army Radio added, also revealing that other soldiers may be transferred to the hospital later for anxiety and ringing in the ears.
Source: Israeli...
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Feb 23, 2026 / Tyler Durden
Key Events This Week: PPI, Iran Talks, Nvidia Earnings, Fed Speakers Galore And State Of The Union
Key Events This Week: PPI, Iran Talks, Nvidia Earnings, Fed Speakers Galore And State Of The Union
While much digital ink has been spilled on the Supreme Court's striking down of Trump's IEEPA tariffs and the consequences of this decision (see "Full Analysis Of The Supreme Court IEEPA Decision: How It Impacts The Economy, Policy And Markets"), a lot more is on deck for this week when we will also have more geopolitical headlines to contend with, as the latest round of US-Iran talks is expected in Geneva on Thursday....
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