Microsoft Shares Waver After Top- & Bottom-Line Beat, Cloud Growth Slowed
Microsoft Shares Waver After Top- & Bottom-Line Beat, Cloud Growth Slowed Microsoft shares are rising after hours after beating top-and bottom-lines in Q1 earnings: Revenue was $65.6 billion and increased 16%, estimate $64.51 billion Diluted earnings per share was $3.30 and increased 10%, estimate $3.11 Breaking down the revenue lines, it was (almost) a beat […]
Gold Hits Another Record High On ‘Goldilocks’ Data
Gold Hits Another Record High On ‘Goldilocks’ Data Micro topped macro on the day, according to Goldman Sachs trading desk, as volumes exploded but bear in mind that there is month-end pension rebalance with $11BN of equities for sale through tomorrow. Internet names (GSTMTINT Index +100bps) outperformed after GOOGL, SNAP, RDDT results; Semis broadly weaker […]
Michigan Says ‘Nationwide Issue’ With Certain Dominion Machines, While Colorado SoS Leaked Voting System Passwords
Michigan Says ‘Nationwide Issue’ With Certain Dominion Machines, While Colorado SoS Leaked Voting System Passwords Michigan Secretary of State Jocelyn Benson has admitted that split-ticket voters using Dominion ICX Voter Assist Terminals (VAT) should be prepared for ‘programming issues’ on election day. A VAT is a special type of device which people with disabilities may […]
Hamas Rejects Ceasefire Proposal That Would Keep Israeli Troops In Gaza
Hamas Rejects Ceasefire Proposal That Would Keep Israeli Troops In Gaza Via Middle East Eye Hamas has rejected a ceasefire proposal that would have brought the release of a small number of Israeli captives and a 30-day cessation of hostilities, but no withdrawal of Israeli forces from the Gaza Strip. Sources close to the Palestinian group told Middle East Eye […]
Central Bank Digital Currency (CBDC) Projects Are Foundering In Five-Eye Nations. What Gives?
Central Bank Digital Currency (CBDC) Projects Are Foundering In Five-Eye Nations. What Gives? Authored by Nick Corbishley via NakedCapitalism.com, Canada and Australia shelve plans for retail CBDCs while the US could soon become the first country to explicitly ban the central bank from issuing a CBDC. As we warned in May 2022, a financial revolution is […]
It Is Beginning To Look Like A Debt Emergency
It Is Beginning To Look Like A Debt Emergency By Benjamin Picton, Senior Macro Strategist at Rabobank Meditations In An Emergency It’s now less than a week to go until the USA decides who is going to be their next President. The state of the political discourse recalls the ‘dramatic crossroads’ meme, where the respective […]
Pennsylvania News Station Apologizes For Showing Presidential Election ‘Results’
Pennsylvania News Station Apologizes For Showing Presidential Election ‘Results’ Authored by Paul Joseph Watson via Modernity.news, A news station in Pennsylvania was forced to apologize for flashing up the US presidential election results in the state as part of a “test” that wasn’t supposed to be seen by viewers. WNEP, an ABC affiliate, flashed up […]
UK Gilt Yields Soar After Reeves Reveals Budget: Market Braces For Inflationary Debt Surge
UK Gilt Yields Soar After Reeves Reveals Budget: Market Braces For Inflationary Debt Surge Ahead of today’s UK budget announcement, much of its content had already been leaked including the biggest novelty item: redefining the concept of debt, to allow the UK – which already exceeds the 90% debt-to-GDP threshold that Reinhart and Rogoff estimated […]
Harris Campaign Slashes North Carolina Ads As Dems’ Plunging Turnout Portends Loss
Harris Campaign Slashes North Carolina Ads As Dems’ Plunging Turnout Portends Loss North Carolina may no longer be a swing state: With under a week to go until Election Day, the Kamala Harris campaign just slashed its planned advertising in the state. Some see the move as a surrender in the face of surging Republican turnout […]
The Curious Case Of Ariane Tabatabai
The Curious Case Of Ariane Tabatabai Authored by Jay Solomon via The FP.com, A senior Pentagon official faced scrutiny when her past ties to Iran came to light. Is that why she’s been transferred? In the weeks leading up to Israel’s retaliatory strikes on Iran this Saturday, someone from inside the U.S. government leaked a cluster of highly […]