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Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing
Nasdaq Tumbles After FT Reports OpenAI Revenues Disappointing
...and just like that, the massive AI CapEx boom narrative is in doubt...
The Financial Times reports that OpenAI’s annualised revenue is about $20bn less than has been previously signalled, according to financial documents shared with investors, a massive gap likely to damp optimism about the growth of AI demand.
The company has recently told investors its revenues were approaching $50bn on an annualized basis at the end of September, far short of the $70bn reported by the FT and other media outlets late last...
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Jul 24, 2026 / Tyler Durden
Over 148,000 Mail Ballots Rejected In California's Primary Election, Data Show
Over 148,000 Mail Ballots Rejected In California's Primary Election, Data Show
Authored by Jack Phillips via The Epoch Times,
Election data that was provided by California state officials for last month's primary elections show that more than 148,000 mail-in ballots were rejected, an uptick of more than 40,000 from the 2024 primary.
Election workers conduct ballot tabulation at the Los Angeles County Ballot Processing Center during California's state primary election in the City of Industry, Calif., on June 2, 2026. Patrick T. Fallon/AFP via Getty Images
All in all, 148,241 were rejected in...
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Jul 16, 2026 / Tyler Durden
Cracking Up And Joining Up
Cracking Up And Joining Up
By Michael Every of Rabobank
Geopolitics is front and center, even in Argentina–England at the World Cup, where the contested Falklands/Malvinas, which could have oil reserves, saw jingoist 1980’s language. Yet it’s Hormuz, where 1980’s-style tanker wars are underway, that’s the penalty spot.
The US is striking Iran again night and day, as Tehran warns of an “existential war”. Reports have Trump leaning towards expanding US military operations; others say what he’s been hitting widen his options for escalation; and Trump has stated Iran “will be defeated...
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Mar 23, 2026 / Tyler Durden
Supreme Court To Decide If Federal Ballots Received After Election Day Are Counted
Supreme Court To Decide If Federal Ballots Received After Election Day Are Counted
Authored by Matthew Vadum via The Epoch Times,
The U.S. Supreme Court on March 23 will hear Mississippi’s appeal against a lower court ruling striking down its law counting ballots received after Election Day.
The counting of ballots received after Election Day has become an increasingly contentious political issue in recent years.
Those who support the practice say it is necessary to maximize participation in the democratic process and that states should be able to craft ballot rules to accommodate...
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