US Launches Airstrike in Somalia for 77th Time This Year

PayPal Crashes After Advent, Stripe Abandon $50 Billion Takeover Bid PayPal shares plunged as much as 16% in premarket trading Friday, the most in months if the losses hold through the cash session, after a consortium led by private-equity firm Advent International and payments giant Stripe abandoned its takeover bid for the struggling payment processor. Bloomberg reports that the consortium offered more than $50 billion for PayPal in what would have been one of the largest leveraged buyouts in history. As per the report: The group is no longer pursuing a deal for...

Putin Praises Iran's 'Courage' As US Gloats Over Oil Blockade & 'Zero' Exports The Trump administration has been busy boasting that it has brought Iran's economy to its knees through the navy enforced oil blockade and through sweeping 'Economic D-Day' sanctions, but in direct contradiction to this, Russia is busy hailing Tehran's 'courage'. Iranian President Masoud Pezeshkian and Russian President Vladimir Putin held a phone call Wednesday, on the occasion of Putin's birthday, wherein the two leaders pledged to strengthen bilateral cooperation, per readouts from both sides. Zuma/TASSPutin pointed to their Comprehensive...

Netflix Plunges After US Revenues Miss, Dismal Q2 Guidance, Hastings Stepping Down As Chairman After staging a powerful rebound in the past two months, when first weak Q4 earnings sent the stock plunging to multi-year lows, which however was offset by the end of the company's expensive pursuit of HBO/Warner Bros. Discovery , and which sent the stock almost 50% higher from $75 to $108,moments ago Netflix reported Q1 earnings which were mixed but guidance was especially poor and rekindled the same fears as those unveiled three months ago, and...