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Nithya Raman's dramatic surge into the Los Angeles mayoral runoff comes with warning sign inside the election map.

Pension fund divestment from major firms that do business with Israel could cost New York City pension funds and taxpayers more than $37 billion over the next decade, claims a new report released Wednesday.

The NBA player didn't shy away from name-dropping his favorite A-list attendee.

The NBA player didn't shy away from name-dropping his favorite A-list attendee.

Apollo's President Warns AI Is Coming For Professional Services Jobs Next

First AI came for Software, disrupting its various offshoots and sparking a brutal bear market at the start of the year before a powerful squeeze sent software stocks surging in recent weeks. Now, it's the turn of professional services, including law firms, accountancies and consulting firms, which according to Apollo’s co-president, Scott Kleinman are likely to be the next sector to face disruption from artificial intelligence.

Investors have had their worries focused on the software sector, and the extent to which AI will upend these businesses. But going forward, buyout shops should be looking at investments in professional services, Kleinman said on a panel at the SuperReturn conference in Berlin on Wednesday, according to Bloomberg. 

“Apologies to the lawyers, accountants, consultants in the room, but I do think that’s a place where you’re going to see a lot of pressure,” Kleinman said, noting that Apollo is now "massively underweight" software and is directing capital toward critical infrastructure and less exposed business, reflecting a defensive credit stance. 

Private equity shops have funneled money into professional services firms, particularly accountancies, in recent years as many have looked for new sources of cash. Cinven, for example, bought a majority stake in Grant Thornton’s UK business in 2024.

Going forward, buyout firms should evaluate whether any professional services companies they’ve invested in can be replaced or supplemented by AI, Kleinman said.

Which is not to say that AI is done with software: Kleinman said that the software sector still poses an issue for private equity firms, many of which haven’t marked down their investments in the space at the same rate as the public markets have.

While software companies aren’t “going away,” ones that are “AI-native” are “going to put enormous pressure over time on legacy software businesses,” he said.

“The private equity industry fell in love with software, decided to pay ungodly prices for these businesses on the assumption that they keep growing forever and their margins would keep expanding forever,” Kleinman said. “But as we know, nothing grows to the moon. It’s a question of what is the next buyer going to pay for these companies and is it going to look anything like the multiple you paid for it?”

Tyler Durden Wed, 06/10/2026 - 17:20

The world's biggest sporting event kicks off Thursday with two games in co-host nation Mexico.

Foreign investments in the US jumped in 2025 after falling for four years in a row – a possible result of companies rushing to minimize exposure to President Trump’s tariffs.

The TV personality commented on the hitmaker's chest size during her performance at the NBA Finals on Monday.

The TV personality commented on the hitmaker's chest size during her performance at the NBA Finals on Monday.

A famous Hollywood star has been revealed to be secretly living in Australia as he constructs his brand new home in an iconic hotspot.

A famous Hollywood star has been revealed to be secretly living in Australia as he constructs his brand new home in an iconic hotspot.

It wasn’t quite Joe Namath, but James Dolan did make somewhat of a prediction hours before the monumental Game 4 of the NBA Finals. 

Even CNN Admits Democrats Are Cooked On Immigration

Authored by Steve Watson via Modernity,

CNN's latest "Run the Numbers" segment lays bare a brutal reality for Democrats: their radical immigration stance has left them bleeding support across every demographic, while President Trump racks up historic approval on the issue.

The numbers don't lie, and even the network long accused of carrying water for open-border advocates is now spotlighting just how badly the party has botched border security.

One anchor stated plainly what millions of Americans have known for years: "Democrats have a PROBLEM."

?? JUST IN - CNN just completely BOMBED Democrats on their disastrous border policies.

"Democrats have a PROBLEM." ??

"Donald Trump has been THE MOST consequential president on immigration policy in the 21st century."

"Republicans are MORE trusted on immigration by +8,... pic.twitter.com/GO4gJr6uJf

— The Patriot Oasis™ (@ThePatriotOasis) June 9, 2026

The discussion quickly turned to the dramatic reversal in public trust. CNN highlighted that Republicans now hold an edge where Democrats once led comfortably.

"Republicans are MORE trusted on immigration by +8, and Republicans with a +16 LEAD among independents."

This marks a complete flip from June 2018, when Democrats held a +7 point advantage on the issue. The shift among independents is especially devastating for a party that has long relied on that group to paper over its extremes.

The correspondent didn't stop at party trust. The segment emphasized that President Trump stands apart historically: "Donald Trump has been THE MOST consequential president on immigration policy in the 21st century."

That assessment lands with extra force because it comes amid Trump's second term, where his America First approach has produced tangible results on enforcement, deterrence, and restoring order after years of record illegal crossings, fentanyl deaths, and strained communities.

CNN's analysis didn't end with trust metrics. Another graphic drove the point deeper into Democratic territory. A majority of voters across the board want the party to abandon its far-left positions.

The data showed 59% of all voters believe Democrats should move to the center on immigration. Only 18% want the party to move further left. Breaking it down by group revealed the breadth of the rejection: White voters without college degrees at 67%, White voters with college degrees at 59%, Latino voters at 54%, and Black voters at 51%.

Every major racial group in America also agrees that Trump and Republicans have a much better immigration policy than radical Democrats who want open borders. This isn't a niche complaint from one corner of the electorate. It is a broad consensus that the party's embrace of lax enforcement and sanctuary policies has backfired spectacularly.

The segment also zeroed in on presidential approval ratings specifically tied to immigration. The results were unambiguous.

"TAKE A LOOK! Guess who has the HIGHEST approval on immigration? It's Donald John Trump who has the highest approval on immigration - 42%!"

The graphic compared 21st century presidents at the equivalent point in their second terms. George W. Bush sat at 30%. Barack Obama registered 36%. Trump leads them all at 42%.

"Donald Trump has the highest approval of ANY president on immigration at this point in a second term," CNN noted.

?? BREAKING - President Trump has the HIGHEST APPROVAL rating on immigration among Presidents in the 21st century.

"TAKE A LOOK! Guess who has the HIGHEST approval on immigration?"

"It's Donald John Trump who has the highest approval on immigration - 42%!"

"Donald Trump has... pic.twitter.com/n6sDbVe7DY

— The Patriot Oasis™ (@ThePatriotOasis) June 9, 2026

These figures reflect more than abstract popularity. They measure results. Trump's policies - enhanced vetting, cooperation with local law enforcement, physical barriers where needed, and ending catch-and-release - have restored a measure of control that previous administrations surrendered. The public notices when chaos at the border subsides and when the rule of law reasserts itself.

What makes CNN's presentation particularly stinging for Democrats is how it undercuts years of media and activist framing. For too long, any serious discussion of border security was dismissed as xenophobic or extreme. Now the numbers reveal that position as the true outlier.

Voters are not demanding open borders or the decriminalization of illegal entry. They are demanding basic sovereignty and safety. When majorities of Black and Latino Americans join White voters in telling Democrats to moderate, the party's coalition shows visible cracks.

The radical wing that pushed "abolish ICE" rhetoric and resisted even modest enforcement measures has dragged the entire party into a ditch. CNN's own data confirms it. The 18% who want Democrats to move further left represent a loud but tiny faction that has outsized influence in primaries and party infrastructure. The other 82% are sending a clear message: enough.

This isn't about partisan score-settling. It is about measurable failure. Communities across the country absorbed the costs of unchecked illegal immigration for years - overwhelmed hospitals, schools stretched thin, wage pressure on working-class Americans, and tragic losses to fentanyl and crime. Trump's return to the White House has begun reversing that damage. The polling captures the relief and approval that follows.

With midterm elections approaching, these trends carry heavy implications. Immigration remains a top-tier issue for voters, and the party that owns the stronger record on it holds a structural advantage. Republicans' +16 lead among independents is not a minor detail. It is a warning sign for any Democrat hoping to flip seats in competitive districts.

The data also exposes the limits of identity politics on this issue. The assumption that minority voters would automatically back lax policies has collapsed under scrutiny. Real-world consequences - cartel violence spilling over, strained public resources, and threats to social cohesion - cut across racial lines. Voters prioritize safety and fairness over ideological slogans.

CNN's willingness to air these numbers suggests the political reality has become too obvious to ignore, even inside institutions that once minimized the border crisis. When a network that spent years downplaying record encounters now runs segments titled around "Democrats' PROBLEM ON IMMIGRATION," the shift in the Overton window is undeniable.

President Trump's approach has always centered on putting American citizens first. Secure borders, legal immigration that serves the national interest, and accountability for those who break the rules are not radical ideas. They are the baseline for any functional nation. The polling CNN presented proves that a growing share of the country agrees - including many who once leaned the other way.

Democrats face a choice. They can continue following the activist base into further isolation, or they can confront the data their own preferred media outlets are now forced to acknowledge. So far, the party's direction suggests denial remains the dominant strategy. That path leads to more losses.

Tyler Durden Wed, 06/10/2026 - 17:00

Watch Knicks vs. Spurs Game 4 of the NBA Finals tonight at 8:30 p.m. ET from NYC for free — and don't miss the half-time act.

Watch Knicks vs. Spurs Game 4 of the NBA Finals tonight at 8:30 p.m. ET from NYC for free — and don't miss the half-time act.

The second season of the Italian family drama doesn't have the time jumps of the first season, but there's still a lot going on.

The Post previews Group L at the World Cup. Here's what to know about England, Croatia, Ghana and Panama.

Anne Hathaway, Kate Middleton and Eva Longoria are just a few of the brand's many famous fans.

Anne Hathaway, Kate Middleton and Eva Longoria are just a few of the brand's many famous fans.

Oracle Tumbles After Mixed Results, Capex Comes In Hot; Warns Another $40BN Debt/Equity Capital Raise Coming

With tech stocks cracking for a 3rd straight day, and with the broader market closing at the lows in a surprising sign of weakness, many were looking to ORCL to kickstart the AI euphoria which has been oddly missing in recent days (and which send NVDA stock briefly just below the key level of $200). Well, for those hoping that ORCL would be the much needed spark, they may be disappointed after ORCL stock pumped in kneejerk reaction (despite Q4 earnings that were mixed at best).... then dumped after the company announced it would be joining the circus of companies selling debt/equity to fund its runaway capex.

Here is what ORCL reported for the just concluded fiscal Q4:

• Adjusted EPS $2.11 vs. $1.70 y/y, beating estimates of $1.97
• Adjusted revenue $19.18 billion, +21% y/y, beating estimates of $19.09 billion

The revenue breakdown was mixed at best, with ugly Software and SaaS prints offset by ok Infrastructure revenue"

• Cloud Infrastructure revenue (IaaS) $5.79 billion, +93% y/y, beating est $5.72 billion 
  • Cloud Infrastructure revenue (IaaS) in constant currency +92%, estimate +91.7%
• Cloud revenue (IaaS plus SaaS) $9.91 billion, +48% y/y, missing est $10 billion
  • Cloud revenue (IaaS plus SaaS) in constant currency +46%, estimate +47.4%
• Cloud Application revenue (SaaS) $4.13 billion, +12% y/y, missing est $4.17 billion
  • Cloud Application revenue (SaaS) in constant currency +10%, estimate +10.8%
• Software revenue $6.82 billion, -2.1% y/y, beating est of $6.88 billion
  • Software Support revenue $4.94 billion, -0.4% y/y, estimate $4.98 billion
• Software License revenue $1.88 billion, -6.3% y/y, missing est $1.93 billion
• Hardware revenue $924 million, +8.7% y/y, beating est $836.2 million
• Service revenue $1.52 billion, +13% y/y, estimate $1.41 billion

Going down the line: 

• Adjusted operating income $8.59 billion, +22% y/y, beating est $8.27 billion
• Adjusted operating margin 45% vs. 44% y/y, beating est 43.5%

As for ORCL's pride and joy, namely remaining performance obligations, or RPO backlog, it rose to $638 billion vs. $138 billion y/y. Good luck collecting on that.

Looking at fiscal Q1 ahead, the company was quite cheerful of course:

• Total Revenues are expected to grow from 27% to 29% (in both constant currency and USD)
• Total Cloud revenue is expected to grow between 57% and 63% in constant currency and is expected to grow between 58% and 64% in USD.
• Non-GAAP earnings per share is expected to grow between 16% and 19% and be between $1.71 and $1.75 in constant currency and grow between 17% and 20% and be between $1.72 and $1.76 in USD.

Looking at the full year fiscal 2027, the company reaffirmed its prior revenue guidance of $90 billion total revenue and raises its non-GAAP EPS guidance to $8.05, which is growth of 18%.

As a reminder, AVGO imploded when it failed to raise its full-year guidance last week. Well, ORCL also failed to do so, likely disappointing the market. And indeed, according to a kneejerk take by Vital Knowledge, “The fact the F27 sales guide isn’t being raised is a disappointment.” It also writes that “this is an OK release with continued robust growth in backlog (RPOs), and the cash performance wasn’t as bad as feared,” but that the company “is still facing a period of heavy cash outflows as it builds the infrastructure needed to fulfill its backlog, and this will require more debt and equity.”

And to that point, here is the kicker that sent the stock sliding after hours. But before we get there, one more point - ORCL said that free cash flow was negative $23.7 billion for fiscal year 2026 as "Oracle continued to execute on investments to support the growth of its Cloud Infrastructure business."

As Bloomberg notes, Oracle's quarterly CapEx was higher than estimates, raising investor concerns about the profitability of the company’s AI infrastructure business. Capital expenditures, largely a measure of data center spending, were $15.9 billion in the period ended May 31, bringing the annual total to $55.7 billion, higher than Oracle’s projection for $50 billion in spending.

The company didn’t offer an outlook on its spending in the new fiscal year. Wall Street expects $61.7 billion in capital spending in the year ending in May 2027.

Which of course means that the company's free cash flow meltdown is only accelerating, and the only way ORCL can fund its staggering buildout - since it doesn't have nearly enough revenue and profit - is with even more equity and/or debt. $40 billion to be precise:

"In fiscal year 2027, Oracle expects to raise approximately $40 billion through a combination of debt and equity financing including its previously announced $20 billion at-the-market equity issuance. Oracle does not expect to issue additional debt in calendar year 2026"

The coming dilution follows the $43 billion in debt and $5 billion in equity raised in 2026 as part of the company's pivot away from database software to a provider of computing power for artificial intelligence work, which means it is embarking on a massive build-out of data centers for OpenAI and other customers. Alas, said pivot costs lots of money, in fact more than the company said just three months ago, and the stock  is not happy, sliding more than 5% in afterhours trading after closing at $201.26. The company’s stock had climbed 35% over the past three months, likely driven by better investor sentiment toward computing providers and OpenAI, Oracle’s most important customer, wrote Derrick Wood, an analyst at TD Cowen.

Tyler Durden Wed, 06/10/2026 - 16:55