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Bezos Torches AOC, Says Billionaires "Earn Every Penny"
Bezos Torches AOC, Says Billionaires "Earn Every Penny"
Jeff Bezos sat down for a wide-ranging interview on CNBC’s Squawk Box this morning at a Blue Origin facility in Merritt Island, Florida - where he rattled off lots of thoughts, including how billionaires are made, slammed AOC, and opined on the relative impact of for-profit innovation versus charity, taxes, and bureaucratic inefficiency.
On Wealth Creation and "Unearned" Billionaires
Bezos directly responded to criticism from figures like Rep. Alexandria Ocasio-Cortez (AOC), who has argued that accumulating $1 billion is inherently “unearned.” He rejected...
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May 28, 2026 / Tyler Durden
"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil
Just about two months ago, JPMorgan did the math on "How Long Before The World Hits Crude Oil Operational Minimum." The punchline was that while the market can hold hundreds of millions of barrels, it would still become fragile once working stocks fell too low. Like blood pressure in the human body, the issue is circulation.
Then, approximately 4 weeks later, the bank followed up this analysis with some more math, explaining "Why Hormuz Will...
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Apr 22, 2026 / Tyler Durden
Tesla Surges After Beating Expectations, Says "Rebound Of Demand" For EVs
Tesla Surges After Beating Expectations, Says "Rebound Of Demand" For EVs
Heading into today's TSLA earnings, Wall Street was braced for a miss, with debate only around how big it would be. Well, it wouldn't be an Elon Musk joint if there wasn't some big twist, and sure enough, the stocks is soaring after hour on what can only be described as a very big, and very unexpected beat.
Here is what the company reported for the first quarter:
Rev. $22.39B, beating Est. $22.19B
Adj EPS 41c, beating Est. 34c, the second straight quarter Tesla’s...
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Jun 13, 2026 / Tyler Durden
Endgame Finally? Iran Peace Deal Signing Expected Within 24-Hours, Technical Talks To Follow, Pakistan's Sharif Says
Endgame Finally? Iran Peace Deal Signing Expected Within 24-Hours, Technical Talks To Follow, Pakistan's Sharif Says
After Friday witnessed a rare moment of agreement between Tehran and Washington saying that indeed a peace deal Memorandum of Understanding (MoU) is indeed 'very close' - there's been more color issued by Pakistan.
The country's Prime Minister Shehbaz Sharif said that the United States and Iran have agreed to the final text of the agreement, but that curiously Pakistan is now preparing for an electronic signing expected within the next 24 hours.
Is this going to be...
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