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Amazon Jumps On Solid AWS Growth And Profit, Even As Outlook Disappoints And Free Cash Flow Turns Negative
Amazon Jumps On Solid AWS Growth And Profit, Even As Outlook Disappoints And Free Cash Flow Turns Negative
As Bloomberg notes, "Microsoft’s solid earnings breathed new life into the tech sector Thursday, but Amazon’s report after the bell this evening could deflate the optimism again." To be sure, there’s a lot riding on Amazon results. The longevity of the AI spending boom is in doubt as shareholders punish ambitious capex plans, which has taken away some of the support away from the chipmaker stocks.
Before Microsoft’s earnings, the Philadelphia Semiconductor Index...
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Aug 24, 2026 / Tyler Durden
Interior Department Approves Colorado River Water Reductions In 3 States
Interior Department Approves Colorado River Water Reductions In 3 States
Authored by Jacki Thrapp via The Epoch Times,
The Department of the Interior will cut the amount of water it allocates through the Colorado River to Arizona, Nevada, and California in 2027 and 2028.
The cuts were signed off by Secretary of the Interior Doug Burgum on Aug. 21 as part of the department's 2027-2028 Operating Guidelines for the Colorado River, which provides water to over 40 million people, generates hydropower for seven states, and is a vital resource for 30 tribes...
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Jul 18, 2026 / Tyler Durden
More Than 227,000 US Property Foreclosure Filings In First Half Of 2026
More Than 227,000 US Property Foreclosure Filings In First Half Of 2026
Authored by Naveen Athrappully via The Epoch Times,
A total of 227,548 properties in the United States made foreclosure filings in the first six months of this year, a 21 percent increase from the same period last year, according to real estate analytics company ATTOM.
The first half foreclosure filings are also up by 28 percent from the same period two years back, ATTOM said in a July 16 report.
In states with a minimum of 500 foreclosure filings, Idaho registered...
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Jun 12, 2026 / Tyler Durden
Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge
Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge
The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit.
One week after Cliffwater's Private Credit fund gated investors for a second straight quarter, and days after Blackstone also gated investors in its private credit fund for the first time (recall during Q1, the fund allowed investors to redeem a record 7.9% after tapping...
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