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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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Aug 3, 2026 / Tyler Durden
SpaceX In "Final Stages" Of Securing New Massive Rocket Launch Site In Louisiana
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Aug 3, 2026 / Tyler Durden
Trump Blasts Oil Majors: "Get Gas Prices Down Now!"
Trump Blasts Oil Majors: "Get Gas Prices Down Now!" President Trump blasted oil companies on Monday morning for high gasoline pump prices, telling them: That goes for other Oil Companies as well…and get your consumer (retail!) Oil Prices DOWN, NOW! Thank you for your attention to this matter. President DJT As of Monday morning, the national average for 87-octane gasoline at the pump stood at $4.09 a gallon, according to AAA data, marking the second consecutive week above the politically sensitive $4 threshold. Pump prices surged following the tit-for-tat strikes between...
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Jun 29, 2026 / Tyler Durden
Record 1 In 16 People Worldwide Now Use Drugs, UN Report Says
Record 1 In 16 People Worldwide Now Use Drugs, UN Report Says Authored by Naveen Athrappully via The Epoch Times, One out of every 16 people in the world uses drugs, the highest level at any point in human history, the United Nations said in a June 26 post on X. “While cannabis remains the most widely used drug, the global cocaine market has reached record levels,” the U.N. stated in the post. In the 10 years between 2014 and 2024, global production of cocaine has surged by more than 370 percent. The...
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