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UAE Meets With Iran Leaders As Tehran Teases Oman Shipping Deal
UAE Meets With Iran Leaders As Tehran Teases Oman Shipping Deal
Encouraging diplomatic signals emerged from the Gulf area this weekend as Abu Dhabi's crown prince met Iran's president amid efforts to secure a deal allowing more vessel transits through the highly contested Strait of Hormuz. However, the hopeful signs of de-escalation were overshadowed by days of mounting threats to alternative export routes, with Iran-backed Houthis capturing a strategic island inside another maritime chokepoint in the southern Red Sea and drone attacks shutting Saudi Arabia's East-West pipeline.
Bloomberg cites the UAE's...
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May 25, 2026 / Tyler Durden
"It Should Be Studied": RFK Jr Says 'Trump Derangement Syndrome Is 'A Real Thing'
"It Should Be Studied": RFK Jr Says 'Trump Derangement Syndrome Is 'A Real Thing'
Authored by James Howard Kunstler,
For The Honored Dead
“I told my staff today that we need an ICD code for Trump Derangement Syndrome, because it is a real thing … It should be studied.”
- Robert F. Kennedy, Jr
As of this holiday morning, America is informed that the negotiations between the US and Iran may take several more days to resolve. You better believe that Iran is going to make a deal. One way or another, they...
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Apr 30, 2026 / Tyler Durden
ECB Holds Rates At 2%, As Expected, With Stagflation Looming
ECB Holds Rates At 2%, As Expected, With Stagflation Looming
The European Central Bank kept interest rates unchanged, as expected, with officials signaling they need more time to assess the extent of the Iran war’s jolt to the economy. The deposit rate was left at 2%, where it’s been since June 2025 and in line with the predictions of all analysts in a Bloomberg survey. The ECB offered no guidance on future decisions, reiterating it will act one meeting at a time based on information as it arrives.
In the statement, the...
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Apr 29, 2026 / Tyler Durden
Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing"
Meta Plunges After Boosting Capex Outlook Again On "Higher Component Pricing"
The last of the giga-caps to report today, the increasingly more misnamed Meta Platforms, had some good news to report for the just completed Q1. It also had bad news, and judging by the plunge in the stock price, the market is focusing on the latter.
First, the good news: the company reported revenue and EPS both of which beat estimates, and guided Q2 revenues which came in roughly in line with estimates. Here is the breakdown.
EPS $10.44 vs. $6.43...
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