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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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May 14, 2026 / Tyler Durden
Spencer Pratt Within Single-Digit Territory Of Far-Left L.A. Mayor Karen Bass
Spencer Pratt Within Single-Digit Territory Of Far-Left L.A. Mayor Karen Bass
A new public opinion survey from Emerson College Polling, a nonpartisan polling center based at Emerson College, shows that far-left incumbent Mayor Karen Bass remains the frontrunner in the Los Angeles mayoral race, though challenger Spencer Pratt appears to be gaining popularity and traction, which has clearly alarmed the Democratic Party.
Local outlet Spectrum News 1 SoCal cited Emerson College's new poll of the L.A. mayoral race, which shows Bass at 30%, Pratt at 22% (gaining ground), and Socialist Councilmember Nithya...
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May 11, 2026 / Tyler Durden
Moderna Extends Rally After Two More Cruise Ship Passengers Test Positive For Hantavirus
Moderna Extends Rally After Two More Cruise Ship Passengers Test Positive For Hantavirus
Moderna shares are up another 7% in premarket trading, as renewed alarm over the hantavirus-plagued MV Hondius cruise ship energizes investor focus on the company's vaccine pipeline.
The latest news catalyst: Two passengers evacuated from the cruise ship on Sunday tested positive, reinforcing concerns that the outbreak remains active.
The Hondius is moored at a port in Spain's Canary Islands.
On Sunday, passengers were escorted off by personnel in protective gear before being flown home on government and military aircraft.
Seventeen...
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Mar 6, 2026 / Tyler Durden
Private Credit Firesale Begins: World's Largest Asset Manager Gates Investors In $26 Billion Fund
Private Credit Firesale Begins: World's Largest Asset Manager Gates Investors In $26 Billion Fund
Three weeks ago, when the largest US Private Credit-focused asset manager Blue Owl, was faced with a flood of redemptions due to its outsized exposure to software loans (which are very rapidly being repriced to zero thanks to the disruption from AI), the firm opted against reinstating quarterly redemptions on a retail fund and decided to return investor capital through assets sales instead (effectively also freezing the money in it and gating investors ) announcing a massive...
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