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He maintains he was unaware of the regulations when he posted footage captured by his Vanguards.

Easy cooling on hot days.

Osama Naim Hamdi Shamlakh commanded a terrorist cell and “operated to rehabilitate and reinforce Hamas’s Naval Array force build-up and advanced terror attacks in the maritime domain,” according to the IDF.

“That’s the goal,” Nets summer league coach Dutch Gaitley said.

Here Is What America's Largest Banks Reported In Their Q2 Earnings Reports

In terms of perceived report quality relative to positioning, the ranking appears to be Goldman Sachs first, followed by Bank of America (pending guidance), then Wells Fargo, and finally JPMorgan. The broader theme across the group was fairly consistent: NII was generally underwhelming, fee income was strong as expected, capital markets results were very strong, and there was a clear halo effect from the strong deal calendar (SpaceX IPO most notably) that benefited equities trading. At the same time, expenses came in higher alongside the revenue beats, largely reflecting increased compensation costs tied to stronger activity levels.

* * * 

Goldman Sachs delivered a standout quarter, reporting EPS of $20.98 versus $14.10 consensus, with buy-side expectations largely in the $15–16 range. Net revenue came in at $20.3 billion compared with $16.4 billion consensus, driven by equity trading and to a lesser extend FICC and invesmtent banking. Expenses were elevated but not surprising given the magnitude of the revenue beat, with compensation driving most of the increase. Investment banking fees reached $3.4 bn versus $2.9 bn consensus, as stronger ECM and DCM results more than offset somewhat softer advisory revenue. Markets performance was exceptional, with equities revenue exceeding consensus by roughly $2.3 bn and edging out JPMorgan's impressive result. FICC also delivered a strong beat following a weaker prior quarter. Asset and Wealth Management revenue came in at $4.6 bn versus $4.2 bn consensus, while buybacks exceeded expectations at over $4 billion compared with the $3 billion consensus estimate. Net income printed at $7.42 billion for a quarter with record-breaking stock-trading results, driven by financing and taking profit in arranging bets.

Some more details from Bloomberg:

• The firm’s second-quarter results mark the third consecutive quarter in which the firm’s equities unit has set an all-time record for any bank. Its haul in just the past three months is larger than what it made in all four quarters of 2019 combined.
• The equities result jumped 72% from a year earlier, driven both by financing and taking profit in arranging bets, the bank said in a statement Tuesday. Rates traders also beat expectations after a disappointing first quarter, and its investment bankers posted their highest fees since 2021 from advising on mergers and underwriting.
• Goldman reported $4.59 billion in revenue in rates trading. Investment-banking fees totaled $3.4 billion, beating the consensus of analyst estimates compiled by Bloomberg.
• The bank’s fresh equities-trading record came as investors made bets on the growth of Asian technology companies driving artificial intelligence and the S&P 500 index posted its best return in six years. 
• The firm’s investment bankers, who led the record-setting initial public offering of SpaceX and Alphabet Inc.’s equity raise in the second quarter, are ahead of peers in league tables by a wide margin. Revenue in the bank’s equities underwriting business jumped 130% compared to the same period last year.
• The record represents a blowout quarter for Goldman, though JPMorgan Chase & Co.’s equities traders posted a bigger jump. Their traders posted an 86% gain to $6.03 billion earlier Tuesday.

* * * 

Bank of America reported EPS of $1.21 versus $1.12 consensus, with the upside driven primarily by fee income, which came in at $15.6 bn versus $14.5 bn consensus. NII was essentially in line, at $16.16 bn versus $16.2 bn consensus, and effectively within rounding distance on an FTE basis. Investment banking fees reached $2.14 bn versus $1.8 bn consensus, while the same equities trading halo effect seen elsewhere helped drive a markets beat, with equities revenue of $3.6 bn compared with $2.7 bn consensus. Expenses were slightly elevated at $18.6 bn versus UBS's $18.5 billion estimate and the $18.4 bn consensus figure. Investor focus now shifts to management's outlook for the second half, with many expecting an upward revision to NII guidance from the current 6–8% growth framework. Erika Najarian also highlights that deposit costs came in 3bp below consensus, a favorable contrast to the increase seen at Wells Fargo.

Some more details from Bloomberg

• Equity-trading revenue rose 70% to $3.6 billion, surpassing expectations, while fixed-income trading climbed nearly 9% to $3.5 billion, which beat a consensus of analyst estimates. That marks a record first half of the year for the sales and trading division, a business that the bank has sought to bolster in recent years.
• Investment bank posted revenue of $2.2 billion, beating the average estimate of $1.91 billion. Fees for advising on mergers and acquisitions jumped nearly 68% to $558 million.
• The trading and deal frenzy boosted overall profit, with diluted earnings per share reaching $1.21. That surpassed the $1.12 expected by analysts.
• Equity-capital markets business generated $535 million in revenue during the second quarter, while debt-underwriting revenue totaled $1.1 billion. Analysts had expected revenue of $411 million and $959 million, respectively.
• The lender detailed how it’s been using artificial intelligence, from customer-facing roles to broader efficiency gains. More than 300 AI and machine-learning use cases at the bank have been approved, with another 114 live generative AI-use cases that have been identified.
• The company’s results also offer a snapshot about how US consumers are weathering gas price shocks given the war in Iran and market volatility caused by concerns about artificial intelligence and private credit investments.

* * *

Wells Fargo exceeded expectations, with PPNR coming in roughly 12% above consensus on higher fees from wealth management and investment banking. The beat was driven primarily by fee income, and management reiterated its guidance. NIM performance remained within the previously discussed 3–4bp compression range. While average deposit costs rose 8bp q/q due to a shift toward investment banking deposits, the net impact—when combined with stronger markets-related activity—remained consistent with management's NIM outlook. Some investors may discount part of the fee beat because it included a 17-cent-per-share gain from equity investments. However, even excluding that benefit, EPS would have been approximately $1.79 versus the $1.73 consensus estimate. Given the stock's heavier short interest and lower expectations heading into the print, that level of outperformance may be sufficient to support the shares.

Some more details from Bloomberg

• Noninterest income rose 13% to $10.3 billion, topping the $9.44 billion average estimate of analysts in a Bloomberg survey. The results included $728 million of higher net gains from venture capital investments.
• Net interest income, what the bank earns after expenses from interest-bearing assets, totaled $12.3 billion, in line with what analysts expected. Wells Fargo stuck with its full-year NII forecast of roughly $50 billion, which included about $2 billion from the markets business. 
• Net income for the three months through June rose 17% to $6.4 billion, or $2 a share. Analysts in the Bloomberg survey expected adjusted earnings per share of $1.71. Revenue climbed 9% to $22.6 billion.
• Investment banking fees increased 35% to $939 million. Wells Fargo ranks sixth in Bloomberg’s M&A league tables, and has the highest average transaction value, underscoring its role in some of the market’s biggest deals this year.

* * * 

JPMorgan posted another major capital markets beat, but the market reaction may be more muted. While management raised its NII outlook, reported NII of $25.62 bn came in slightly below the $25.7 bn consensus estimate. In addition, the higher NII guidance was largely offset by an increase in expense guidance, making the net earnings impact less compelling. Results also benefited from a one-time $4.6 bn gain related to the Visa share sale, which investors are likely to adjust for when assessing underlying performance. (As a reminder, PNC also holds Visa shares and could benefit from a similar dynamic.)

Some more details from Bloomberg

• The biggest US bank reported another bumper quarter for stock-trading desks, which have been on a volatility-fueled hot streak since Trump won the 2024 election and the war in the Middle East roiled markets. 
• JPMorgan’s net income for the quarter was $21.2 billion, or $7.70 per share, as almost every business exceeded expectations. Still, Chief Executive Officer Jamie Dimon was cautious about prospects for the future.
• JPMorgan pulled in $3.28 billion in investment-banking fees in the second quarter, up 30% from a year earlier and ahead of analysts’ expectations. Equity and debt underwriters both surpassed estimates, with the latter notching a surprise gain. A 20% increase in fees for advising on mergers and acquisitions fell short of the 27% increase analysts
• JPMorgan updated its full-year cost guidance to about $107.5 billion, beyond the increase Dimon telegraphed at an industry conference in May. The firm said the increase is “primarily due to higher volume- and revenue-related expenses driven by the activity levels and associated revenue outperformance.” For the quarter, expenses were $27.3 billion, more than expected.
• The firm lifted its full-year forecast for net interest income to about $105.5 billion, up from the $103 billion executives expected in April. For the quarter, NII came in at $25.5 billion, up 10% from a year earlier. The bank also said it expects the full-year net charge-off rate in its credit-card business to come in at around 3.2%, lower than the 3.4% guidance it provided in April.

More available to pro subscribers.

Tyler Durden Tue, 07/14/2026 - 10:45

Baker Mayfield is known for being a tough quarterback. But perhaps he was a bit too tough in 2025. 

Cartwright filed for divorce from Taylor in August 2024, claiming they had separated that January.

Cartwright filed for divorce from Taylor in August 2024, claiming they had separated that January.

The technology teacher and wrestling coach at the school turned himself in and is being held at the Monmouth County Correctional Institution until his court appearance.

Shields' co-star, Christopher Atkins, said director Randal Kleiser meddled in their love lives when they made the 1980 movie.

Shields' co-star, Christopher Atkins, said director Randal Kleiser meddled in their love lives when they made the 1980 movie.

The biggest celebrities are in attendance for the 2026 Wimbledon Tennis Championships in London, England. On this episode of “Currently Trending,” Page Six Style & Shopping Director Elana Fishman is breaking down the best-dressed stars in the stands. As patron of the All England Lawn Tennis and Croquet Club, Kate Middleton is a Wimbledon regular...

The biggest celebrities are in attendance for the 2026 Wimbledon Tennis Championships in London, England. On this episode of “Currently Trending,” Page Six Style & Shopping Director Elana Fishman is breaking down the best-dressed stars in the stands. As patron of the All England Lawn Tennis and Croquet Club, Kate Middleton is a Wimbledon regular...

Ensure sweat-proof sleep during the NYC heat wave in breathable PJs.

Two under-the-radar stars are worth backing in Tuesday's World Cup semifinal.

The finale countdown is officially on.

Warsh emphasized the Fed’s commitment to focusing on price pressures – a stance that typically indicates a bias toward raising interest rates, not lowering them.

Watch: Smug NYT Podcaster Visibly Annoyed When Mick Jagger Defends Elon Musk

Authored by Steve Watson via Modernity News,

Mick Jagger just delivered a masterclass in cutting through media spin, leaving a leftist New York Times podcaster visibly rattled as he clarified that his "mad mogul" lyric about Elon Musk was actually a compliment.

The Rolling Stones legend refused to play along with the expected narrative during the interview, pushing back firmly when the host, David Marchese, presumed the line was a diss.

Instead, Jagger highlighted Musk's real-world achievements in space, crediting him with stepping up where government agencies have fallen short.

Watch the NYT podcaster's face when he realizes Mick Jagger likes and respects Elon Musk—after initially thinking a new Rolling Stones song lyric was a diss:

NYT: "But something's nagging at you, what is it?"

Jagger: "No, it's not nagging. It's just that people, they hear one... pic.twitter.com/UuuIgPSSyG

— Julia ?? (@Jules31415) July 14, 2026

In the exchange, Jagger explained the context behind the lyric from the new Rolling Stones album Foreign Tongues. He pointed to the rescue of the stranded NASA astronauts last year, noting that Musk's SpaceX provided the transportation NASA couldn't.

Jagger told the interviewer: "It's not nagging, but people hear one word and they don't really listen to the line. So it's like, 'Mick Jagger has a go at Elon Musk.' You're not listening to the line, you're only listening to 'Musk.' ... even though I do call him mad."

Marchese's expression totally changed from smiling to frowning in an instant when Jagger refused to confirm the interviewer's gleeful expectation that the singer would criticise Musk.

He continued: "When I wrote that, I was thinking that because of him, they were able to get those astronauts back that were stuck because he provided the transportation because NASA couldn't provide the transportation..."

"Who would you trust to get you into space?" Jagger continued, adding "Would you trust Boeing or would you trust NASA or would you trust mad mogul Mr. Musk? It's really a side-winding compliment because he was the one I remembered was able to do that when the others couldn't."

Jagger exposed how Marchese had completely misinterpreted the lyrics of the song, making him look foolish.

The podcaster pressed on, noting Musk was the only person named on the album, implying significance.

Jagger stood his ground, adding that "mogul doesn't always go down well, either," and the host again showed how one dimensional he is by suggesting "No one likes a mogul."

Jagger was clearly exhausted with the exchange as Marchese simply refused to understand what the singer was getting at.

In another recent NYT interview, Jagger contrasted his approach to performing live with Bruce Springsteen's rabid anti-Trump activism, emphasizing that his job is to give fans a great time, not sermonize.

Jagger's nuanced expression underscores a refreshing independence in an industry often dominated by predictable elite consensus, and his clarity cuts against the grain of performative outrage.

Moments like this expose the disconnect between coastal media bubbles and ground-level realities.

The Rolling Stones continue to prove their enduring relevance not by chasing trends, but by staying true to a no-nonsense ethos that prioritizes delivery over dogma. Jagger's unapologetic take serves as a subtle rebuke to those who weaponize art for division rather than unity through great music and honest reflection.

Jagger gets it - focus on what works, entertain the audience, and let results speak louder than spin. In a free society, that kind of straight talk is exactly what keeps culture vibrant against efforts to enforce conformity.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden Tue, 07/14/2026 - 10:05

Judge William Orrick strikes again. The Barack Obama-appointed judge for the Northern District of California has blocked the Trump administration from cutting off federal grants to cities that use discriminatory "diversity, equity, and inclusion" (DEI) policies.

A former Michigan football coach is alleging in a lawsuit that the school and its leadership at the time were aware of Connor Stalions' sign-stealing scandal and had attempted to keep it from ever being discovered.