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Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains
Samsung Earnings Beat Expectations But Stock Abruptly Reverses Kneejerk Gains
Samsung Electronics delivered another good quarter last night, underscoring that the AI infrastructure boom appears to continue to funneling enormous profits toward the companies supplying the memory chips powering. Shares were up 10% at one point but finished the session red.
The South Korean technology giant reported second-quarter revenue of 171.5 trillion won and operating profit of 89.5 trillion won, according to CNBC, beating analyst expectations of 79.3 trillion won and marking another record quarter. Operating profit surged more than eighteen-fold...
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Sep 6, 2026 / Tyler Durden
UN Demands African Statues In London As Britain Is Told To Atone For Slavery
UN Demands African Statues In London As Britain Is Told To Atone For Slavery
Authored by Steve Watson via Modernity News,
The United Nations has decided that Britain has not grovelled enough.
After years of toppled statues, boarded-up war memorials and official lectures about "colonialism," a UN human-rights committee now wants the country that ended the Atlantic slave trade to fill its public squares with statues of "people of African descent,"
The globalist body also suggests Britain should rewrite what children are taught, and treat historic slavery as a live brief for migration...
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May 29, 2026 / Tyler Durden
"False": Musk Denies Bloomberg Report About SpaceX IPO Valuation Drop
"False": Musk Denies Bloomberg Report About SpaceX IPO Valuation Drop
Summary:
Musk says the Bloomberg report is "false"
SpaceX Reportedly Lowers IPO Valuation Target, as per Bloomberg
Musk Rejects Bloomberg Report
Yet again, corporate media is pushing fake news against Elon Musk.
This time, Musk called a Bloomberg report that cited unnamed sources and claimed SpaceX had lowered its IPO valuation target "false."
False
— Elon Musk (@elonmusk) May 29, 2026
SpaceX IPO closing market cap above $1.8T?
Yes 90% · No 10%View full market & trade on PolymarketThere was speculation earlier this week of a SpaceX-Tesla merger in...
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Apr 20, 2026 / Tyler Durden
Cracks Appear In Climate Consensus As Germany's Energy Minister Admits Renewables Are Ruining The Country
Cracks Appear In Climate Consensus As Germany's Energy Minister Admits Renewables Are Ruining The Country
Authored by Tilak Doshi,
When Simon Wakter, Political Adviser to Sweden’s Minister for Energy, posted on X last Wednesday with a simple “Wow, incredible article” and a clapping emoji, he captured the shock rippling through Europe’s energy commentariat.
The target of his applause was not some fringe sceptic but Germany’s own Economy and Energy Minister, Katherina Reiche.
In a guest column for the Frankfurter Allgemeine Zeitung, Reiche delivered a verdict that would have been career-ending heresy only a year ago: “One fact...
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