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"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time
"Demand Remains Strong": GM Beats Expectations, Lifts Guidance For Second Time
GM beat Wall Street's second-quarter expectations on Tuesday, posting adjusted earnings of $3.57 per share on $48.03 billion in revenue as profitability improved despite softer vehicle sales. Adjusted EBIT reached $3.94 billion, up from $3.0 billion a year earlier, helped by lower tariff-related costs and stronger operating performance, according to Yahoo Finance.
The Detroit automaker also lifted its full-year guidance for the second time in 2026.
It's amazing what happens when the federal government isn't pressuring your business to convert entirely...
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Apr 2, 2026 / Tyler Durden
"Everything About This Market Is Wild": European Diesel Futs Top $200 As Global Scramble Accelerates
"Everything About This Market Is Wild": European Diesel Futs Top $200 As Global Scramble Accelerates
The global tug-of-war for fuel looks set to accelerate, with traders scrambling to secure supplies even more aggressively after President Trump showed no signs of an end to hostilities (and a reopening of the Strait) any time soon.
The longer the Strait of Hormuz remains closed, the more intense the competition is likely to become. Traders have warned that Europe is at risk of diesel shortages in the coming weeks.
“Everything about this market is wild,” said Philip...
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May 30, 2026 / Tyler Durden
Norway Lobbies To Persuade EU To Drop Arctic Drilling Ban
Norway Lobbies To Persuade EU To Drop Arctic Drilling Ban
Authored by Tsvetana Paraskova via OilPrice.com,
Norway, Western Europe's top oil and gas producer, has intensified lobbying at the European Union to persuade the bloc to remove or tweak its moratorium on Arctic oil and gas drilling.
Norway, which is not a member of the EU but is the biggest gas supplier to European markets, has sent nearly a dozen of its ministers to Brussels so far this year to discuss energy and trade and the state of the Arctic drilling.
The Iran...
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Mar 6, 2026 / Tyler Durden
"Most Dangerous Geopolitical Blitz Since Bretton Woods": Trump Says Cuba's Communist Regime Is Next To Fall
"Most Dangerous Geopolitical Blitz Since Bretton Woods": Trump Says Cuba's Communist Regime Is Next To Fall
"We've got plenty of time, but Cuba's ready," President Trump told CNN in an interview on Friday morning. The president told CNN reporter Dana Bash that Havana will "fall pretty soon" and that he will "place Marco over there."
2/7 ON CUBA: President Trump said, "Cuba is gonna fall pretty soon." He said he's going to "put Marco over there" and "we've got plenty of time, but Cuba's ready."
— Dana Bash (@DanaBashCNN) March 6, 2026
It's...
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