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Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran
Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran
Federal authorities arrested 63 year old Newport Coast technology executive Jamshid Ghomi during an early-morning operation at his luxury Orange County residence on Wednesday, according to the NY Post.
He faces federal charges related to alleged violations of U.S. sanctions against Iran.
Investigators claim Ghomi orchestrated a long-running scheme to obtain American-made networking and computer equipment and funnel it to customers in Iran, including organizations tied to the country's military and nuclear sectors. According to prosecutors, the operation generated...
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Apr 16, 2026 / Tyler Durden
Can You Price In No Longer Pricing Things In?
Can You Price In No Longer Pricing Things In?
By Michael Every of Rabobank
At this point it isn’t a random walk but a determined march: markets have decided the Iran war and the Hormuz blockades are over, and everything is going to be better than normal imminently: the Nasdaq and S&P are at all-time highs and even worries over private credit are receding. In the real world, there are signs that back that stance and ones that say otherwise.
Iran warned it could sink US ships in Hormuz if they police...
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Apr 6, 2026 / Tyler Durden
Slower EV Sales Will Be The "New Normal" For Tesla Amidst AI, Robotics Push
Slower EV Sales Will Be The "New Normal" For Tesla Amidst AI, Robotics Push
Tesla Inc. is increasingly betting its future on AI, autonomy and robotics — but it still depends on selling cars to finance that shift, and that core business is under pressure, Bloomberg reported this week.
Wall Street estimates point to roughly 372,160 vehicle deliveries last quarter. That would mark an 11% increase from a weak year-ago period, yet still place among Tesla’s softer recent results and far below its near-500,000 peak quarters. Earlier headwinds — including political...
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Mar 26, 2026 / Tyler Durden
The US Shows A Way Out Of Germany's Energy Trap
The US Shows A Way Out Of Germany's Energy Trap
Submitted by Thomas Kolbe
Big developments are underway in Tennessee and Alabama. Over the next five years, the joint Japanese-American project will bring several so-called small modular reactors (SMRs) of the BWRX-300 type online. Almost one percent of U.S. electricity production—slightly more than three gigawatts—will be added to the existing energy mix by reactors designed by Hitachi and GE Vernova.
A caveat for purists of market economics: this is a hybrid project. While the majority is privately financed, export support from Japan...
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