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META Jumps After Q3 Earnings Beat, Boosts Guidance
META Jumps After Q3 Earnings Beat, Boosts Guidance
In our preview of Meta's earnings, we laid out expectations...
Revenue estimate $63.32 billion (Bloomberg Consensus)
Advertising rev. estimate $61.82 billion
Family of Apps revenue estimate $62.75 billion
Reality Labs revenue estimate $517.7 million
Other revenue estimate $1.1 billion
Operating income estimate $20.28 billion
Family of Apps operating income estimate $23.96 billion
Reality Labs operating loss estimate $5.21 billion
Operating margin estimate 32.5%
EPS estimate $3.56
Ad impressions estimate +12.3%
Average price per ad estimate +11.2%
Average Family service users per day estimate 3.66 billion
... and also sketched a setup of what to expect from...
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May 22, 2026 / Tyler Durden
India's Power Demand Hits Record High As Heat Drives Coal Use
India's Power Demand Hits Record High As Heat Drives Coal Use
Submitted by Irina Slav of OilPrice.com
India’s power generation rose to a new all-time high amid hot weather that drove air-conditioning demand up, with thermal generation, most of its coming from coal power plants, covering 62% of demand.
Power demand on Thursday hit 271 GW, on the “fourth consecutive day when the peak power demand (solar hours) reached a new all-time high,” India’s power ministry said, as quoted by AFP.
After milder temperatures tempered demand growth in the fiscal year to March...
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Jun 29, 2026 / Tyler Durden
Johnson Says Reconciliation Is The Only Path For The SAVE Act
Johnson Says Reconciliation Is The Only Path For The SAVE Act
Speaker Mike Johnson returned to the Capitol this afternoon after several hours at the White House, telling reporters that the only viable path to enact the SAVE Act is to attach it to a reconciliation bill - and that work is already underway.
"The only way to get the SAVE Act to the president's desk, we've been shown many times, is to put it on a reconciliation bill, so that is in the process," Johnson said, adding that he believes...
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Sep 30, 2026 / Tyler Durden
Argentina Threatens UK With Court Action Over Falklands Oil Drilling
Argentina Threatens UK With Court Action Over Falklands Oil Drilling
Authored by Charles Kennedy via OilPrice.com,
Argentina will sue the UK unless it suspends an oil drilling project off the coast of the Falkland Islands, the BBC has reported, citing an X post by Argentine president Javier Milei.
"I instructed the Foreign Ministry and our legal teams to initiate international arbitration against the United Kingdom for the illegal plundering of our resources through the Sea Lion Project in the North Malvinas Basin," the Argentine president wrote on the social media platform.
"If in...
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