The End of Lindsey Graham

A British tourist is among about 20 people who are facing charges in the UAE for filming Iranian attacks on Dubai, as the US’s Gulf Arab allies are taking steps to censor the impact of the war. According to The Guardian, the 60-year-old man is being charged with a law that prohibits sharing material that […]

1 Year Inflation Expectations Jump To 3 Year High In Latest NY Fed Consumer Survey Inflation as measured by the CPI may have peaked, but Americans’ expectations for inflation over the near and medium term rose notably in June according to a Federal Reserve Bank of New York survey released Tuesday, with strong increases anticipated for medical care costs and rent, Consumers now see inflation at 3.7% over the next year, up from 3.5% in May, the highest since September 2023. Expectations for inflation in three years increased to 3.3%, the...

Nvidia Smashes Estimates With Record Revenue And Blowout Guidance; Stock Jumps Heading into NVDA's earnings, we said that all else equal, the bare minimum for the stock - which has underperformed peers rather dramatically in recent months - to outperform, was to (solidly) beat expectations of another 2+2 quarter, i.e., beat the guide by $2BN and beat Street expectations for the April quarter guide by $2BN.  What they got was a blowout 2.2+5: Q4 revenues beating by $2.2BN and guidance beating the midpoint by about $5BN Here are the details from the just...