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Here Is What America's Largest Banks Reported In Their Q2 Earnings Reports
Here Is What America's Largest Banks Reported In Their Q2 Earnings Reports
In terms of perceived report quality relative to positioning, the ranking appears to be Goldman Sachs first, followed by Bank of America (pending guidance), then Wells Fargo, and finally JPMorgan. The broader theme across the group was fairly consistent: NII was generally underwhelming, fee income was strong as expected, capital markets results were very strong, and there was a clear halo effect from the strong deal calendar (SpaceX IPO most notably) that benefited equities trading. At the same...
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Nov 12, 2026 / Tyler Durden
Preserve All Evidence: With Huang Out At Nvidia, Democrats Want Every Record Of His Calls With Trump
Preserve All Evidence: With Huang Out At Nvidia, Democrats Want Every Record Of His Calls With Trump
Hours before Jensen Huang resigned as Nvidia's CEO on Thursday, two senior Senate Democrats told the Trump administration to preserve every record of its dealings with him, from his calls with President Trump to a Commerce Department probe of the chip buyer whose executive, a suspected Chinese spy, he has acknowledged a relationship with.Sens. Elizabeth Warren (D-MA), the Banking Committee's ranking member, and Chris Coons (D-DE) sent the Nov. 11 letter to Commerce...
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Jun 9, 2026 / Tyler Durden
Trump Insists US In 'Final Throes' Of Iran Deal; Death Toll Soars As Israel Pounds South Lebanon
Trump Insists US In 'Final Throes' Of Iran Deal; Death Toll Soars As Israel Pounds South Lebanon
The southern Lebanese city of Tyre is being pounded by Israeli airstrikes on Tuesday, despite President Trump's insistence that Lebanon not come under attack. Israel's military had hours prior issued an evacuation order for all civilians in the area, amid the unraveling and failing ceasefire.
Casualties are already high, coming at a tense moment after starting on Sunday Iran sent ballistic missiles against Israel over its renewed airstrikes on the southern suburbs of Beirut,...
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Oct 27, 2026 / Tyler Durden
Mercedes Slashes Outlook As China Demand Hits Wall; Europe's Auto Profit Warnings Pile Up
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Mercedes-Benz Group AG became the latest European automaker to slash its profit outlook as deteriorating demand in China and rising input costs squeeze margins.Shares tumbled in European trading this morning as the auto industry as a whole confronts intensifying Chinese competition, softening demand, and ongoing cost pressures."Mercedes-Benz Group AG today updated its full-year 2026 outlook for Mercedes-Benz Cars and the Mercedes-Benz Group. In addition to an increasingly challenging market environment in China, Mercedes-Benz Group expects...
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