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Goldman Cuts ARM To Sell On Shocking Smartphone Weakness

Goldman Cuts ARM To Sell On Shocking Smartphone Weakness Arm Holdings ADRs sank nearly 9% in premarket trading, on track for the largest intraday decline in almost a year, after the chip-architecture company reported softer-than-expected fiscal fourth-quarter royalty revenue tied to a slowdown in the smartphone industry, while assuring investors that data center demand can offset the slump. During an earnings call, Wells Fargo analyst Joe Quatrochi asked Arm CEO Rene Haas: "Clearly, data centers are very strong and accelerating, but then how do you think about consumer electronics, smartphones, et...
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May 1, 2026 / Tyler Durden
Chevron, ConocoPhillips Warn About "Critical Shortages" Of Oil, Soaring Prices And Demand Destruction
Chevron, ConocoPhillips Warn About "Critical Shortages" Of Oil, Soaring Prices And Demand Destruction This morning, most of the world's energy giants including Exxon and Chevron, reported stellar earnings as surging oil prices more than offset curtailed output. They also issued several loud warnings about the ongoing Hormuz blockage which is no closer to resolution.  ConocoPhillips was first, warning of imminent “critical shortages” of oil for some nations as the Iran war that has crippled global energy flows enters its third month.  The supply crunch that already pushed Brent prices up more than...
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Jul 6, 2026 / Tyler Durden
LEGO Faces Backlash Over Pride-Themed Content Aimed At Kids
LEGO Faces Backlash Over Pride-Themed Content Aimed At Kids Via American Greatness, The Denmark-based toy company LEGO is facing criticism after promoting Pride-themed content on social media and its website. Parents accused the company of introducing LGBT themes to a brand primarily marketed to children. Although LEGO produces some building sets for adults, the company markets most of its products to children. Many young consumers follow the brand on social media. In a recent Instagram post, LEGO celebrated Pride Month with the caption, “Pride moments built, brick by brick. Swipe to see more of our...
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Jun 26, 2026 / Tyler Durden
DOJ Finds USDA Preferences For 'Socially Disadvantaged' Farmers Discriminatory
DOJ Finds USDA Preferences For 'Socially Disadvantaged' Farmers Discriminatory Authored by Bryan Hyde via American Greatness, The Department of Justice (DOJ) has concluded that the U.S. Agriculture Department’s (USDA) favors for “socially disadvantaged” groups unconstitutionally discriminate based on race and sex. Just the News reports that the Office of Legal Counsel (OLC) has determined conservation‑planning programs that authorized USDA to waive user fees for “socially disadvantaged” farmers as defined by race‑ and sex‑based criteria, violated the Constitution’s equal-protection guarantee. 🔥Hot off the presses: @TheJusticeDept explains that the @USDA cannot give benefits only to certain...
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