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Google Tumbles After Boosting 2026 Capex Guidance Again

Google Tumbles After Boosting 2026 Capex Guidance Again Update (5:00pm ET): It took just a few minutes into the call for management to get to the elephant in the room, namely the relentless spending on overpriced commodity chips, and just like last quarter when GOOGL guided to a much higher capex for the current year, it did so again (if to a slightly lesser extent). The stock promptly slumped 3% to new session lows. *ALPHABET SEES FY CAPEX $195B TO $205B, SAW $180B TO $190B And then: *GOOGLE STILL SEES FY27 CAPEX INCREASING...
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Apr 22, 2026 / Tyler Durden
Trump's "Sock Puppet"
Trump's "Sock Puppet" By Philip Marey of Rabobank Summary The confirmation hearing of Fed Chair nominee Kevin Warsh by the Senate Banking Committee was a very partisan affair. In his prepared remarks, Warsh stressed that monetary policy independence is essential, but he does not believe that the operational independence of monetary policy is particularly threatened when elected officials state their views on interest rates. Warsh thinks the Fed must stay in its lane and avoid straying into fiscal and social policies. Warsh was walking a tightrope between convincing the Senate Banking Committee that he...
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May 14, 2026 / Tyler Durden
Iran Proclaims Safe, Toll-Free Passage For 30 Chinese Tankers Amid Xi-Trump Summit
Iran Proclaims Safe, Toll-Free Passage For 30 Chinese Tankers Amid Xi-Trump Summit During President Trump's ongoing state visit to China, he and President Xi Jinping agreed that the ‌Strait of ‌Hormuz must be open for ‌the ⁠free flow of energy. They along with their senior officials have expressed agreement that no country can ​be allowed to exact shipping tolls in the Strait of Hormuz. Following this, Thursday saw Iranian state media proclaim that some 30 Chinese vessels are being allowed safe passage by Iran. Bloomberg also freshly reports, "The vessels were allowed to pass...
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Sep 3, 2026 / Tyler Durden
Austin Woman Arrested After Police Find Hundreds Of Suspected Stolen Bank Cards, Keys And Mail
Austin Woman Arrested After Police Find Hundreds Of Suspected Stolen Bank Cards, Keys And Mail A routine arrest in North Austin developed into a much broader investigation after police said they discovered a large collection of mail, payment cards, checks and postal keys believed to have been stolen, according to Yahoo. Austin police arrested 42-year-old Elizabeth Rozo on Aug. 25 after officers tracked her to an apartment complex near Tech Ridge Boulevard. Authorities were looking for Rozo because she was wanted on a warrant stemming from a credit or bank card...
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