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#profiteering — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #profiteering, aggregated by home.social.

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  1. Exxon and Chevron are having a ‘very good crisis’ reaping massive profits during the Iran war fastcompany.com/91583262/exxon

    ExxonMobil on Friday reported doubling its second-quarter profits to 4.53 billion, up 105% from the same time a year ago. The oil giant, based in Spring, Texas, brought in 16.02 billion in revenue, up 42% from the same time last year.

    #Iran #Profiteering

  2. If a company reports higher profits when there is a shortage of goods, the only explanation is #profiteering? If it just passed on the higher prices, the profits would not increase? #economy #economics #capitalism

    bbc.co.uk/news/articles/cg5l11

  3. Big oil companies continue to post banner profits amid fighting in Iran

    The Associated Press NEW YORK (AP) — Big oil companies continue to book massive profits as fighting in…
    #NewsBeep #News #BreakingNews #breakingnews #Iran #oilcompanyprofits #profiteering #whyareoilcompaniesmakingmoneyoffIranwar
    newsbeep.com/678559/

  4. @eloy the sad thing is that only rare and unusual books are being shredded for ai profiteering, not the Da Vinci Code.

    #ai #profiteering

  5. @InsurgoFormica
    To please the #BCA, they’d have us completely #Deregulate everything. The fact they are clamouring for it reinforces the fact that we do not regulate enough IMO. Bloody #NeoLiberals representing #Grifting #Profiteering #MoneyPits. Bah! To the gallows with them all.

    #TaxTheRich #TaxReform #TaxSuperProfits #NoMoreBillionaires #AusPol #GreedFlationActors #WeatlhRedistribution #Antifa #Oligarchy

  6. Very funky in here, clearly a Harrell (former mayor) administration thing. Why bankrupt the Seattle Rep to promote the moribund Pacific Place and subject fans to the waterfront theme park with its glaring UV exposures? Seattle Center is due compensation for breach of contract by half.
    #FIFA #SeattleStadium #FoxNewsSports #profiteering

    seattletimes.com/seattle-news/

  7. After over 100 days of war, U.S.-Iran deal restores status quo – People’s World

    A sticker of President Donald J. Trump points to the posted prices for a gallon of regular or…
    #NewsBeep #News #BreakingNews #breakingnews #imperialism #Iran #iranwar #Israel #MiddleEast #Opinion #Politics #profiteering #u.s. #War #Wareconomy #warprofits #World
    newsbeep.com/597308/

  8. See: Which states are targeted for A.I. data center construction, and why.
    Report: data center activity or proposed construction in your area.
    Learn: concerns over water purity, prices for power, environmental impacts, noise, wind, added electronic waste from upgrades, etc.
    #ErinBrockovich #DataCenter #DotCom #website to #report #AI #data #centers #power #prices #inflation #profiteering #price #gouging #clean #drinking #water #EPA #USA #GOP #late #stage #capitalism
    newsweek.com/erin-brockovich-a

  9. "As long as corporate profits remain...there will be actors interested in increasing production...no matter how much one tries to direct them toward certain sectors. ...it will also be very difficult to ban advertising without resorting to authoritarian measures. Until the feedback loop that incentivizes production is broken, it will be difficult to limit growth."

    Link: resilience.org/stories/2026-05

    #DeGrowth #Economy #Community #Sustainability #Capitalism #Greed #Profiteering #Resources

  10. "'T]he sergeant tried to hide his proceeds by moving them several times, first to a foreign cryptocurrency vault, then to a personal crypto account and finally to a newly created brokerage account. [...] Sergeant Van Dyke sought to delete his Polymarket account, falsely claiming he had lost access to the email address associated with it.'

    He also used a VPN to hide that he was trading from an Army computer.

    #Trump #Hegseth #war #Venezuela #InsiderTrading #profiteering #Polymarket
    /3

  11. "It seems that soldier, knowing what date the capture would be attempted, made upwards of $450,000 by placing anonymous bets on Polymarket on the timing and outcome of the operation — 13 bets in all, according to the indictment.

    After stories about what The New York Times called 'unusual trades' started circulating, the soldier, a brain genius sergeant named Gannon Ken Van Dyke, tried to cover his tracks:"

    #Trump #Hegseth #war #Venezuela #InsiderTrading #profiteering #Polymarket
    /2

  12. Gary Legum reports that at least one of those engaging in ugly insider trading and profiteering with Trump-Hegseth's military ventures has been identified:

    "On Thursday, the government announced it has indicted a special forces soldier from Fort Bragg who participated in the January operation to capture Venezuelan president Nicolas Maduro."

    #Trump #Hegseth #war #Venezuela #InsiderTrading #profiteering #Polymarket
    /1

    wonkette.com/p/they-found-the-

  13. Aaron Rupar wrote this about #TrumpFamily corruption: "Eric Trump -- the president's son -- is on Maria Bartiromo's show bragging about one of his companies having landing a $24 million Pentagon contract."
    #ItHelpsToHaveFamilyConnections #greed #profiteering #IranWar #ethics #politics

  14. @anirvan
    1) Grateful to #CalMatters for their coverage of this profiteering by the #FossilFool majors

    2) A reminder that #profiteering only works with essential goods & services. That's why #Chevron et al con do so with near impunity. AND if we were powering mobility, from e-scooters to trains, with electricity from #renewables (wind, water, solar (#WWS) and advanced geothermal, we wouldn't be totally dependent on #FossilFuel. And profiteering would be harder to do.

    Guess what? We have the technology to convert. Why do we let the FossilFools stop that conversion?

    The real case for #PowerToThePeople by renewables.

  15. (continued from /6)

    "Marsh found 'a consistent pattern of spikes just hours, or sometimes minutes, before a social media post or media interview was made public.' Marsh notes a similar spike over Trump’s announcement of his 'Liberation Day' tariffs of last April."

    #Trump #Iran #war #StraitofHormuz #corruption #InsiderTrading #profiteering #markets #MarketManipulation
    /8