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Kevin Warsh’s Impossible Mission
After Kevin Warsh was confirmed as Federal Reserve chairman last week, he received a stark reminder of the challenges facing the central bank. The reminder came in the form of a worldwide surge in the interest rates paid by government bonds. The surge followed the spike in oil prices caused by the Iran War. The […]
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May 3, 2026 / Tyler Durden
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year
Tesla Made $573 Million Selling To Musk’s Other Companies Last Year
Elon Musk’s business empire is becoming increasingly intertwined — and if SpaceX eventually goes public, Wall Street will likely take a much harder look at how money moves across his companies.
A newly disclosed filing shows Tesla booked more than $570 million last year from transactions with Musk-controlled companies, according to Insider. That included roughly $430 million from selling Megapack battery systems to xAI and another $143 million — primarily vehicle sales — to SpaceX. Some of those purchases included...
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Apr 16, 2026 / Tyler Durden
Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows
Despite 'Survey' Sadness, Jobless Claims Slide Near Historic Lows
The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) - back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)...
Source: Bloomberg
Despite a small pick up last week, Continuing jobless claims have been below the 1.9 million Maginot Line since the start of the year...
Source: Bloomberg
Finally, as the following chart suggests, while it may be "hard to get"...
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Oct 22, 2026 / Tyler Durden
"Not To My Knowledge": Ilhan Omar Can't Quite Rule Out Marrying Her Brother In Wild Interview... And Trump Noticed
"Not To My Knowledge": Ilhan Omar Can't Quite Rule Out Marrying Her Brother In Wild Interview... And Trump Noticed
As the investigation into whether Ilhan Omar married her brother to scam US immigration, the Minnesota Democrat just stepped in it, big time.
In her first interview since Homeland Security Investigations agents searched her Washington home last week, the Minnesota Democrat sat down with MS NOW's Chris Hayes, about as friendly a venue as exists on cable. She called the decade-old claim that her ex-husband Ahmed Nur Said Elmi is her brother...
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