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Primoris Services Crashes Again As Guidance Cut And Mgmt Missteps Spook Wall Street
Primoris Services Crashes Again As Guidance Cut And Mgmt Missteps Spook Wall Street
Shares of Primoris Services crashed in premarket trading after the infrastructure contractor slashed its full-year earnings outlook (again) and announced the departure of its chief operating officer.
The specialty construction and infrastructure contractor, which builds, maintains, and engineers critical infrastructure for utilities, energy, renewables, pipelines, power generation, industrial, chemical, oil and gas, civil infrastructure, and data-center power projects, blamed the guidance cut on weakness in its renewables business, where full-year revenue is now expected to fall about 30%...
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Apr 30, 2026 / Tyler Durden
UK Gov't Promises More Social Media "Restrictions"
UK Gov't Promises More Social Media "Restrictions"
Authored by Kit Knightly via OffGuardian.org,
While embattled PM Sir Keir Starmer takes a pointless grilling on the even more pointless existence of Peter Mandelson, other members of his cabinet were busily paving the way for the next construction phase of our increasingly dystopian society.
Speaking to Sky News earlier today, Education Secretary Bridget Phillipson promised…
“more action to keep young people safe online, including around social media”.
Which is delightfully vague.
Education Minister Olivia Bailey kept her cards similarly close to her chest, whilst trying to sound forceful:
“It is a...
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Apr 18, 2026 / Tyler Durden
'Money Laundering'? Newsom Used Donations To Inflate Book Sales
'Money Laundering'? Newsom Used Donations To Inflate Book Sales
Authored by Luis Cornelio via HeadlineUSA,
California Gov. Gavin Newsom and his allies spent weeks boasting that his book, Young Man in a Hurry, became a “best-seller” within hours of its March release. However, a new report found those sales were largely driven by Newsom’s own super PAC using donor funds.
FILE - California Gov. Gavin Newsom speaks during a press conference in Los Angeles, Wednesday, Sept. 25, 2024. (AP Photo/Eric Thayer, File)
The book, published March 10 and centered on Newsom’s upbringing in...
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May 26, 2026 / Tyler Durden
Does Demand Create Supply?
Does Demand Create Supply?
Authored by Frank Shostak via Mises Institute,
By popular thinking, increases in demand cause economic growth. According to such thought, whenever the economy falls into a recession what is required is to strengthen demand. Since government is seen as an important part of total demand, what is then required is to increase government outlays, thereby lifting overall demand and hence increasing economic growth.
According to the popular view, it is also possible to strengthen overall demand through the inflationary increases in money supply. With more money in their...
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