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'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling
'Pray For Kospi': SK Hynix Earnings Miss, Sending Stock Reeling
Things are not going to be fun in South Korea tonight...
Good news first...
SK Hynix's net income surged a bigger-than-expected 1,242% (though admittedly on one-time investment gains) with the ginat chipmaker bragging that it won multiyear contracts with around 10 customers.
Ok, now the bad news...
SK Hynix’s quarterly profit rose a smaller-than expected 557%.
The key supplier of Nvidia reported operating profit of 60.5 trillion won ($42 billion) in the June quarter, well below analysts’ average projection for 64.2 trillion won.
Revenue came...
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Aug 7, 2026 / Tyler Durden
July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1%
July Jobs Shock: US Lost 23K Workers, Below Lowest Estimate, As Unemp Rate Drops To 4.1%
Ahead of today's jobs report, in our payrolls preview we warned that "July Has Emerged As A Very Poor Month For Jobs" and boy were we right: moments ago the BLS reported that in July, the US labor force shrank by a whopping 23K, sharply lower from a downward revised 20K in June (from 57K), and the worst print since the negative 156K in February.
As noted above, the -23K print was below all estimates...
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Jul 30, 2026 / Tyler Durden
The Latest Wildfire Panic Is Refuted By Data
The Latest Wildfire Panic Is Refuted By Data
Authored by Kit Knightly via Off-Guardian.org,
Wildfires are in the news. With a hot, dry summer it was bound to happen. And, naturally, this is bringing with it talk of climate change.
The Independent is screaming and rending its garments:
Europe is on fire – will the continent’s climate change deniers finally wake up?
The Guardian has an opinion piece calling for prosecutions for climate crimes. Twitter experts are calling for changes to the way we live our lives.
Prince William is saying stuff:
Wildfires ‘stark reminder’ of extreme climate challenge,...
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May 5, 2026 / Tyler Durden
US Services Surveys Disappoint In April Amid Stench Of Stagflation
US Services Surveys Disappoint In April Amid Stench Of Stagflation
Despite Manufacturing surveys solid (and US factory orders surging), expectations are for the Services sector surveys today to show stagflationary signals (weak growth, surging prices).
S&P Global's Services PMI disappointed in April (final), falling from its flash print of 51.3 to 51.0, but still up from multi-year lows below 50 in March, showing just marginal activity growth despite weak drop in sales volumes.
ISM Services PMI also disappointed in April, falling from 54.0 to 53.6 (vs 53.7 exp) amid tumbling new orders and...
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