'An Epic Madness Burns In The Minds of Californians...' Authored by James Howard Kunstler, The California Death Trip “History records no pity for parties that choose purity over competence, vengeance over vision, pathology over pragmatism. The long night is not coming. It is here. . . . ” - LHGrey on X The Pacific Palisades fire ignited on January 7, 2025, in the very last days of the “Joe Biden” ...
'An Epic Madness Burns In The Minds of Californians...' Authored by James Howard Kunstler, The California Death Trip “History records no pity for parties that choose purity over competence, vengeance over vision, pathology over pragmatism. The long night is not coming. It is here. . . . ” - LHGrey on X The Pacific Palisades fire ignited on January 7, 2025, in the very last days of the “Joe Biden” fake presidency. 6,837 total buildings destroyed plus about 1,000 damaged. The Altadena fire across town in Eaton Canyon was arguably worse : 9,418 buildings destroyed. A Year After the LA Fires Los Angeles Mayor Karen Bass was in Ghana at the time to attend the inauguration of president John Dramani Mahama, part of a small U.S. presidential delegation sent by the “Biden” administration. Deputy Mayor for Public Safety, Brian Williams, overseer of the Police and Fire Departments, was on administrative leave at the time due to an alleged bomb threat against City Hall that he reportedly made in September / October 2024. The FBI raided his house that December, and in 2025 he copped a plea deal (guilty) to making threats involving fire and explosives. So, he was out of action during the fires. There you have the rectified essence of how the Democratic Party operates in America’s biggest state. Is it not astonishing that Karen Bass is running for reelection? How could she possibly be forgiven? A large number of people employed in the movie business got burned out of their homes in the fires, and then city and state regulatory nonsense prevented them from rebuilding — on top of insurance company hocus-pocus that left families financially wrecked. Is it a surprise that the city’s flagship industry is dying now (film production down 32-percent on a five-year average)? What is LA without Hollywood? And yet the show-biz celebs are still coming out to pimp for Democratic Party politicians. This is the kind of thing that forces you to conclude that an epic madness burns as hotly through...
Amazon Prime Video is joining Netflix and Disney Plus in adding a vertical feed of videos to its streaming app. The new "Clips" feed will offer a stream of short-form videos from shows and movies, with options to jump into the full title, rent, or buy it. Prime Video previously offered a TikTok-style feed with NBA game highlights, but now you can see snippets from titles offered on the platform by...
Amazon Prime Video is joining Netflix and Disney Plus in adding a vertical feed of videos to its streaming app. The new "Clips" feed will offer a stream of short-form videos from shows and movies, with options to jump into the full title, rent, or buy it. Prime Video previously offered a TikTok-style feed with NBA game highlights, but now you can see snippets from titles offered on the platform by scrolling down to the Clips carousel on the app's homepage. "Every time you visit the experience, you'll see something new based on your viewing history," Prime Video says. You can also add shows and movies to your watchlist from the Clips feed a … Read the full story at The Verge.
Michael Burry is buying shares of MercadoLibre Inc. after a slump in the Latin American e-commerce and fintech company’s stock. The investor made famous by The Big Short wrote Friday on Substack that the shares had fallen below his valuation and that he had taken a position. Burry called the company the Amazon of Brazil, Mexico and Argentina, and said sales would grow 30% this year to more than $4...
Michael Burry is buying shares of MercadoLibre Inc. after a slump in the Latin American e-commerce and fintech company’s stock. The investor made famous by The Big Short wrote Friday on Substack that the shares had fallen below his valuation and that he had taken a position. Burry called the company the Amazon of Brazil, Mexico and Argentina, and said sales would grow 30% this year to more than $40 billion. “I expect long-term 15% annualized returns at 15 years or more,” he wrote. Shares of the Montevideo, Uruguay-based company sank 12.7% Friday — their biggest one-day drop since November 2024 — after it missed profit estimates for the fourth consecutive quarter as it expands rapidly amid increasing competition for digital services in Latin America. The stock is down more than 30% from a record high in June. Read More: MercadoLibre Dives As Profits Miss on Rapid Growth Push
The momentum trade — buy what’s winning, sell what isn’t — was already running red-hot heading into this week. Now a pause in the Iran war, strong US jobs data and another sharp rally in AI chips just piled on more fuel. The same risk-on playbook is working across everything from junk bonds to crypto . In the stock market, one momentum index closed Friday near the highest since the global financia...
The momentum trade — buy what’s winning, sell what isn’t — was already running red-hot heading into this week. Now a pause in the Iran war, strong US jobs data and another sharp rally in AI chips just piled on more fuel. The same risk-on playbook is working across everything from junk bonds to crypto . In the stock market, one momentum index closed Friday near the highest since the global financial crisis as the S&P 500 punched to a new peak , a gauge of chipmakers jumped 11% in five sessions, and oil drifted lower on hopes for an end to the Iran conflict. Barclays Plc strategists say the momentum rally has reached extremes that historically foreshadowed selloffs. At Goldman Sachs Group Inc., the trading desk wrote this week that valuations for high-momentum stocks are stretched and positioning is among the highest in recent years, based on prime brokerage data. The dominance of the trend-chasing trade reflects the resilience of the US economy and a market staunchly all-in on the AI wave, with chipmakers leading the charge. For some on Wall Street, the trade has begun to look self-reinforcing — gains in a narrow set of large-caps are drawing more cash into passive funds that own those same names. Still, even those riding the rally say fundamentals are backing the trade, for now. “Valuation has been thrown out of the window for the time being because there is no doubt that there’s a tightness in supply” in AI infrastructure, said Mark Hawtin , head of global equities at Liontrust Asset Management, which runs and advises about £20 billion ($27 billion). “When does it change? That is the million-dollar question and extremely difficult to answer because I think there’s a huge amount of liquidity.” To him, the demand-supply imbalance in AI infrastructure will abate at some point, bringing down elevated spending on semiconductors and the like. But in a momentum-driven market, being early on a rotation call hurts almost as much as being wrong. A run of good news kept anima...
Altus Group press release ( ASGTF ): Q1 revenue of C$108.2M (+3.6% Y/Y). C$M 2026 Guidance CC growth rate Implied Range** As Reported Q2 2026 Guidance CC growth rate Implied Range** As Reported Revenues 5 – 7% Increased from 4 – 6% $448 – $454M 5 – 7% $110 – $112M Adjusted EBITDA margin 450 – 550 bps Increased from 350 – 450 bps 26 – 27% 450 – 550 bps 25 – 26% Click to enlarge More on Altus Group ...
Altus Group press release ( ASGTF ): Q1 revenue of C$108.2M (+3.6% Y/Y). C$M 2026 Guidance CC growth rate Implied Range** As Reported Q2 2026 Guidance CC growth rate Implied Range** As Reported Revenues 5 – 7% Increased from 4 – 6% $448 – $454M 5 – 7% $110 – $112M Adjusted EBITDA margin 450 – 550 bps Increased from 350 – 450 bps 26 – 27% 450 – 550 bps 25 – 26% Click to enlarge More on Altus Group Limited Altus Group Limited (AIF:CA) Q1 2026 Earnings Call Transcript Altus Group Limited (AIF:CA) Shareholder/Analyst Call Prepared Remarks Transcript AI Panic Gave Us An Altus Group Stock Bargain Altus Group to sell Canadian appraisals business to Newmark Historical earnings data for Altus Group Limited
In trading on Friday, shares of the Defiance Daily Target 2X Short RKLB ETF (Symbol: RKLZ) entered into oversold territory, changing hands as low as $4.81 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator
In trading on Friday, shares of the Defiance Daily Target 2X Short RKLB ETF (Symbol: RKLZ) entered into oversold territory, changing hands as low as $4.81 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator
BlackJack3D A draft version of a U.S. executive order would prompt developers of artificial intelligence models to work with government agencies in reducing cybersecurity risks associated with the release of new models. However, the draft version does not require government approval or testing of AI models before their release, according to a report by Bloomberg, citing people familiar with the di...
BlackJack3D A draft version of a U.S. executive order would prompt developers of artificial intelligence models to work with government agencies in reducing cybersecurity risks associated with the release of new models. However, the draft version does not require government approval or testing of AI models before their release, according to a report by Bloomberg, citing people familiar with the discussions. It is intended to improve the lines of communication between AI companies and government agencies. Specifically regarding potential threats that could emerge from the new tech. It is not known when U.S. President Donald Trump plans to sign the order, which might undergo further adjustments before its approval. The new executive order has arisen in the wake of Anthropic's ( ANTHRO ) Mythos model. The model, unintentionally, has proven to be incredibly adept at discovering security vulnerabilities in all manner of software systems. "When it comes to AI and cyber security, President Trump and his administration are not in the business of picking winners and losers," said White House Chief of Staff Susie Wiles in a post on X this week. "This administration has one goal; ensure the best and safest tech is deployed rapidly to defeat any and all threats. We appreciate the effort being made by the frontier labs to ensure that goal is met." More on Anthropic, OpenAI, and xAI Wall Street Lunch: UAE Blindsides Oil Market With OPEC Exit Plan Wall Street Lunch: OpenAI Loosens Exclusivity In Revised Microsoft Pact Anthropic Is Taking Over Enterprise Musk's Terafab commitment appears significant for Intel, but risks remain: Wedbush SoftBank reportedly cuts target for OpenAI margin loan by 40% to $6B
July arabica coffee (KCN26 ) on Friday closed up +1.55 (+0.57%), and July ICE robusta coffee (RMN26 ) closed down -18 (-0.52%). Coffee prices settled mixed on Friday. Tight coffee inventories are supportive of prices. ICE arabica coffee inventories fell to a 2.5-month low of 477,045 bags on Friday. Also,...
July arabica coffee (KCN26 ) on Friday closed up +1.55 (+0.57%), and July ICE robusta coffee (RMN26 ) closed down -18 (-0.52%). Coffee prices settled mixed on Friday. Tight coffee inventories are supportive of prices. ICE arabica coffee inventories fell to a 2.5-month low of 477,045 bags on Friday. Also,...
July ICE NY cocoa (CCN26 ) on Friday closed down -245 (-5.53%), and July ICE London cocoa #7 (CAN26 ) closed down -180 (-5.46%). Cocoa prices settled sharply lower on Friday. Signs of abundant current supplies sparked long liquidation in cocoa futures on Friday after ICE cocoa inventories rose to...
July ICE NY cocoa (CCN26 ) on Friday closed down -245 (-5.53%), and July ICE London cocoa #7 (CAN26 ) closed down -180 (-5.46%). Cocoa prices settled sharply lower on Friday. Signs of abundant current supplies sparked long liquidation in cocoa futures on Friday after ICE cocoa inventories rose to...
July NY world sugar #11 (SBN26 ) on Friday closed up +0.15 (+1.03%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.10 (+0.02%). Sugar prices settled higher on Friday, supported by strength in the Brazilian real. The real (^USDBRL ) rose +0.56% on Friday, just below Wednesday's...
July NY world sugar #11 (SBN26 ) on Friday closed up +0.15 (+1.03%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.10 (+0.02%). Sugar prices settled higher on Friday, supported by strength in the Brazilian real. The real (^USDBRL ) rose +0.56% on Friday, just below Wednesday's...
bluebay2014/iStock via Getty Images The Nasdaq Composite Index ( COMP:IND ) moved higher on Friday in tandem with other major Wall Street indexes following a better-than-expected nonfarm payroll report. The Nasdaq closed 1.71% higher. Major chip and AI-related stocks also climbed after the U.S. said it expects Iran to respond to a proposal aimed at ending the war, despite continued exchanges of st...
bluebay2014/iStock via Getty Images The Nasdaq Composite Index ( COMP:IND ) moved higher on Friday in tandem with other major Wall Street indexes following a better-than-expected nonfarm payroll report. The Nasdaq closed 1.71% higher. Major chip and AI-related stocks also climbed after the U.S. said it expects Iran to respond to a proposal aimed at ending the war, despite continued exchanges of strikes, further helping the tech-heavy index. Tech stocks led the Nasdaq this week, with Datadog ( DDOG ) emerging as the highest gainer, followed by Micron ( MU ). Meanwhile, decliners were spread across a range of sectors, including tech, healthcare, finance, and consumer. Top gainers of the week: Datadog ( DDOG ) +40.68% Micron ( MU ) +36.98% Fortinet ( FTNT ) +31.83% Sandisk ( SNDK ) +30.74% AMD ( AMD ) 25.53% Top losers for the week: Insmed ( INSM ) -24.19% Shopify ( SHOP ) -14.22% MercadoLibre ( MELI ) -11.80% PayPal ( PYPL ) -10.03% Charter Communications ( CHTR ) -9.42% More on Markets Micron: The Wafer Ceiling The Market Is Slowly Pricing In Micron Stock: I Called The Supercycle - Here's What Comes Next PayPal's $6 Billion Lifeline Wall Street ended higher after the latest nonfarm payrolls report SA analyst says investors should stop overthinking this market rally