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China's iPhone Flippers Face Losses Before Apple's Foldable Even Launches
China's iPhone Flippers Face Losses Before Apple's Foldable Even Launches
Apple's first foldable iPhone, the Duo, launches in mainland China and the United States this Friday, following an October 16 preorder opening. Yet days before the first handsets even ship, Chinese speculators who lined up to flip launch-day units are already watching their expected profits evaporate.
apple.comBecause the phones have not been delivered yet, this gray-market action is playing out entirely in advance resale agreements. Dealers lock in first-batch allocations during preorders and line up buyers ahead of time, with final payment and...
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Nov 5, 2026 / Tyler Durden
Epstein-Linked Billionaire Just Sued The Congressman About To Run The Oversight Committee
Epstein-Linked Billionaire Just Sued The Congressman About To Run The Oversight Committee
Billionaire Leon Black filed a federal defamation suit Wednesday against Rep. Robert Garcia (D-CA), the top Democrat on the House Oversight Committee, accusing him of lying about Black's ties to Jeffrey Epstein. The complaint, filed in the Southern District of New York, seeks $7.25 million in compensatory and punitive damages and a jury trial, and alleges Garcia "has knowingly and willfully lied about Leon Black and defamed him," NBC News reported.Black undoubtedly had this ready to go after...
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Sep 23, 2026 / Tyler Durden
Iran Denies Dropping Its Preconditions During UN Talks With Trump Envoys
Iran Denies Dropping Its Preconditions During UN Talks With Trump Envoys
We once again have differing versions of a key meeting in the aftermath of a significant and rare US and Iranian diplomatic encounter. The Tuesday 3-hour meeting on the sidelines of the UN General Assembly in New York was headed by Tehran's foreign minister Abbas Araghchi, and on the other side by Trump's envoys Steve Witkoff and Jared Kushner.
The US side had called the talks "very productive" - with the suggestion that the Iranians were in the mood to compromise for...
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Sep 27, 2026 / Tyler Durden
Hormuz Oil Flows Rebound To Two-Thirds Prewar Level As Iran's Grip Erodes, Attacks 19 Ships
Hormuz Oil Flows Rebound To Two-Thirds Prewar Level As Iran's Grip Erodes, Attacks 19 Ships
Rory Johnston, a Toronto-based oil analyst and the founder of Commodity Context, an independent oil market research firm, wrote on X this weekend that oil shipments through the Strait of Hormuz have recovered to roughly two-thirds of prewar levels, driven by a surge in Saudi exports. This suggests that Tehran's leverage over the critical maritime chokepoint has eroded.
"Hormuz oil flows can't possibly be above 13 MMbpd bc crude is over $100," Johnston wrote in the...
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