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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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"Early Signs Of A Turn In US Consumer Discretionary," UBS Says
"Early Signs Of A Turn In US Consumer Discretionary," UBS Says
Brent crude futures tumbled below the $80-per-barrel level earlier this morning for the first time since March as traders priced in the U.S.-Iran peace deal and the expected reopening of the Strait of Hormuz maritime chokepoint on Friday. Goldman Sachs and RBC Capital Markets both slashed their fourth-quarter Brent crude forecasts, reinforcing the view that the war-risk premium is rapidly deflating.
If oil has peaked, then inflation pressures may have peaked as well, a positive setup that could provide some...
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May 5, 2026 / Tyler Durden
Meteorologists Sound Alarm Over El Nino Plume Racing Across Pacific Like "Freight Train"
Meteorologists Sound Alarm Over El Nino Plume Racing Across Pacific Like "Freight Train"
Meteorologists on X are once again warning about a powerful El Niño, pointing to a new plume of warm subsurface water moving across the Pacific "like a freight train." The latest water temperature data suggest that El Niño later this year could rank among the strongest on record, with potentially significant implications for the Lower 48.
"Updated El Niño forecast for this summer/autumn is 'off the charts' EXTREME with 'boiling red' map colors along Equatorial central and...
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