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Memory Crunch Sends Nintendo Shares Deeper Into Bear Market
Memory Crunch Sends Nintendo Shares Deeper Into Bear Market
Nintendo shares plunged deeper into bear-market territory Monday after the company's full-year operating income forecast missed Bloomberg Consensus estimates. Traders were spooked on soft Switch 2 hardware and software guidance, and the margin squeeze from surging memory-chip costs continues to weigh on earnings, first pointed out by Goldman in late Decemeber.
Nintendo forecast 16.5 million Switch 2 console sales and 60 million software copies this year, disappointing Wall Street analysts who were expecting a much stronger forecast after the console's launch nearly...
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May 8, 2026 / Tyler Durden
Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job
Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job
On the surface today's jobs report was very strong: headline payrolls came in nearly double the expected (115K vs 65K), with unemployment flat just so Trump's chief economist Kevin Hassett could push bullish taking points in today's TV circuit such as this one.
*HASSETT: 'RIP-ROARING' JOBS MARKET
Unfortunately, below the surface this was the ugliest jobs report in years, and one could say even more cooked than last month's laughable surge in jobs (which...
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Apr 27, 2026 / Tyler Durden
Supreme Court To Review Geofencing In Pivotal Case For Privacy Rights
Supreme Court To Review Geofencing In Pivotal Case For Privacy Rights
Authored by Joseph Lord via The Epoch Times,
The Supreme Court on April 27 will hear oral arguments in a case with major implications for privacy rights—and how law enforcement uses Americans’ cell phone data while investigating crimes.
The case, Chatrie v. United States, centers on law enforcement’s use of “geofencing warrants”—judge-authorized requests for cell phone location data near the scene of a crime.
Okello Chatrie told the Supreme Court that the government’s use of these warrants, which resulted in a criminal...
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May 11, 2026 / Tyler Durden
Energy Secretary Open To Suspending US Gas Tax As Pump-Rage Surges
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