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Alcoa Plunges Most In Year After CFO Warns Alumina Unit "Will Be Underwater" Amid Hormuz Disruption
Alcoa Plunges Most In Year After CFO Warns Alumina Unit "Will Be Underwater" Amid Hormuz Disruption
Alcoa shares in New York were hammered the most in over a year on Wednesday after CFO Molly Beerman warned investors that the company's alumina segment faces heavy losses from the energy shock and ongoing disruption at the Hormuz maritime chokepoint.
Beerman was blunt with investors while giving a presentation at the Wells Fargo Industrials & Materials Conference.
She said, "Our alumina segment is very pressured right now," adding, "The segment as a whole will be...
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Apr 19, 2026 / Tyler Durden
Open Sesame
Open Sesame
Submitted By Peter Tchir of Academy Securities
This week’s market behavior had a mythical, almost magical tone to it.
In Arabian Nights, Ali Baba was able to open a cave of riches by uttering the phrase “Open Sesame.” Markets responded to any and every sort of connotation of “The Strait is Open” by rewarding participants with riches. We started this week bright and early, kicking off Bloomberg TV, and then moving on to Bloomberg Radio, and Tom Keene’s Best Ideas.
At the time we were all trying to understand what “Blockade” meant....
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Jun 16, 2026 / Tyler Durden
Supreme Court Rejects Bid By 98-Year-Old Appeals Judge To Be Reinstated
Supreme Court Rejects Bid By 98-Year-Old Appeals Judge To Be Reinstated
Authored by Matthew Vadum via The Epoch Times,
The U.S. Supreme Court on June 15 declined to take up the case of a 98-year-old federal judge’s challenge to her ongoing suspension from an appeals court in the nation’s capital.
The court’s new decision in Newman v. Moore took the form of an unsigned order. No justices dissented. The court did not explain its decision.
Judge Pauline Newman, who turns 99 on June 20, sits on the U.S. Court of Appeals for the...
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Jun 9, 2026 / Dave DeCamp
Ben Gvir Says Israel Should Kidnap Women and Children in Lebanon
Israeli media reported on Tuesday that Israeli National Security Minister Itamar Ben Gvir suggested at a security cabinet meeting that the Israeli military should kidnap women and children in Lebanon as a way to put pressure on Hezbollah. “Let’s start thinking outside the box about Hezbollah,” Ben Gvir said, according to The Jerusalem Post. “Also, […]
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