A Delusional Trump Has Another Exciting Week

EssilorLuxottica's AI Smart Glasses Revenue Nearly Doubles On Ray-Ban, Oakley Demand EssilorLuxottica shares rose as much as 4.5% in Paris before reversing course and falling 2%. The eyewear maker reported better-than-expected first-half profit margins, while revenue from its AI smart glasses nearly doubled in the second quarter, easing investor concerns over rising competition and component costs. The Ray-Ban owner, which partners with Meta on smart glasses, reported a 13% increase in first-half adjusted profit to 1.9 billion euros, while its operating margin reached 18.6%, above the analyst estimate of 16.3%. Second-quarter...

Stocks Fall, Oil And Rates Rise As Inflation "Roars Back" US equity futures and bonds were lower as oil climbed, with a key inflation report showing the impacts of higher energy and supply disruptions stemming from the war in Iran. Stocks are poised to fall from all-time highs after the core CPI rose more than expected in April. As of 9:15am S&P futures ewere down 0.2% and Nasdaq futures dropped 0.7% as a slide in chipmakers and big tech names dragged down the market in early US hours. In premarket trading, all Mag 7 stocks were lower. Treasury...

​​​​​​​Trump Warns "A Whole Civilization Will Die Tonight"; State-Linked Media Says 'All Diplomatic Comms With US Suspended' Summary:  Kharg Island heavily bombed in preparation for potential US Marine/Special Forces ground siezure. Israel has begun attacking Iran's railway infrastructure, telling civilians to not take trains, cancelations across country. IRGC still defiant - announces new retaliatory attacks on petrochemical plants in eastern Saudi Arabia. Iran's 10-point counter to the US 15-point ceasefire shows signs of willingness to compromise ('reparations' from US dropped as a demand). Vance says war will end "very shortly". Tehran Times: All communications with...