Net Income

BlackRock – The Fed’s Wall Street Croupier

Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.

Here’s what happens when Medicare, Social Security run out of money

Changes 'should be enacted sooner rather than later to minimize the impact on beneficiaries' The Social Security and Medicare trust funds are expected to soon...

TSLA Slides After Beating EPS, But All “Net Income” Comes From Sale Of Reg Credits And Bitcoin

As we previewed earlier, Wall Street expectations from TSLA's earnings today are rather stratospheric, but as Bloomberg notes, even if the company misses big, the S&P 500 likely won’t be in the doldrums tomorrow because of it. Why? Simply put, the electric-vehicle maker matters less than other high-profile stocks in the broad market gauge.

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