When Our Word is No Longer Good

"They Will Hear From Our Lawyers": Elon To Sue German Broadcaster Over Claim He Told Belfast Protesters To 'Hunt Migrants' Via Remix News, Tech trillionaire Elon Musk has said he will take legal action against German public broadcaster ZDF after it linked him to unrest in Belfast and accused him of helping instigate a "hunt" against migrants. The dispute followed the attempted beheading of a man in Northern Ireland by a Sudanese migrant, which prompted British right-wing activist Tommy Robinson to call for nationwide protests. Musk shared Robinson's post on X and...

All Banks Pass Fed's Stress Test, Unleashing Latest Wave Of Dividends And Buybacks In all the excitement over Micron's blowout earnings, we almost forgot that today was another Fed stress test day - which every bank passed with flying colors as usual - which in turn allowed bank to unleash a fresh flood of dividends and buybacks. The biggest US banks boosted their dividends after passing this year’s Federal Reserve stress tests, a hurdle that even Bloomberg admits has "softened" in recent years as regulators hash out new requirements. The results of...

Turkey Markets Crash After Court Unseats Opposition Head In Latest Erdogan Power Grab Shortly after we learned that Turkey had sold virtually all of its Treasuries in March to defend the lira after the Iran war broke out, the country was thrown into fresh political turmoil on Thursday when a Turkish court removed the leader of the country’s main opposition party in a landmark ruling that triggered a stock market crash, including one marketwide halt, and could strengthen President Recep Tayyip Erdogan’s grip on power while further alienating foreign capital. The...