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Skynet, Spies, And Your Vote Doesn't Count: The 10 Biggest Red Flags In Anthropic's IPO Filing
Skynet, Spies, And Your Vote Doesn't Count: The 10 Biggest Red Flags In Anthropic's IPO Filing
When Anthropic's S-1 went public on Oct 26, the headline number was a $974 million operating profit on $11.6 billion of second-quarter revenue. It also came with what we tallied as roughly $800 billion in compute commitments, including up to $120.5 billion owed to Elon Musk's SpaceXAI.Monday's amendment filled in the blanks, and it's not looking any better. Third-quarter revenue came in at $16.96 billion, up 1,127% from a year earlier. But operating profit...
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May 25, 2026 / Tyler Durden
Everyone Talks About The Cost Of Gasoline... Soon Everyone Will Be Talking About The Cost Of Food
Everyone Talks About The Cost Of Gasoline... Soon Everyone Will Be Talking About The Cost Of Food
Authored by Michael Snyder via The Economic Collapse Blog.
For most people, the price of gasoline is the most obvious consequence of the war in the Middle East. As I write this article, the average price of a gallon of gasoline in the United States is $4.56. Of course, in some parts of the country, consumers are paying much more than that. This is a big story, and the truth is that gasoline prices are going...
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Apr 22, 2026 / Tyler Durden
Navy Secretary John Phelan Abruptly Departs Trump Admin With No Explanation, "Effective Immediately"
Navy Secretary John Phelan Abruptly Departs Trump Admin With No Explanation, "Effective Immediately"
In a terse, one-paragraph statement released this afternoon, the Pentagon announced the immediate departure of Secretary of the Navy John C. Phelan, effective immediately.
Navy Secretary John Phelan speaks at President Donald Trump's Mar-a-Lago club on Dec. 22, 2025, in Palm Beach, Florida. (Alex Brandon/AP)
Undersecretary of the Navy Hung Cao has been elevated to Acting Secretary of the Navy. The announcement, issued by Chief Pentagon Spokesman Sean Parnell (Assistant to the Secretary of War for Public Affairs), offered...
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May 11, 2026 / Tyler Durden
Tyson Sinks, Walmart Falls After Trump Moves To Temporarily Lower Beef Import Tariffs
Tyson Sinks, Walmart Falls After Trump Moves To Temporarily Lower Beef Import Tariffs
Tyson Foods and Walmart shares moved lower around noon in New York, while major Brazilian meatpacker Minerva Foods moved higher on a Wall Street Journal report that says the White House will temporarily cut beef import tariffs
According to the WSJ report, the plan would suspend the annual tariff-rate quota, which imposes higher duties once import limits are reached, allowing more foreign beef to flood the U.S. at lower tariff rates to suppress soaring prices.
The move comes as the...
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