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      <title>What Do Adjusted Earnings Leave Out of the Story?</title>
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      <description><![CDATA[How non-GAAP earnings work, why the SEC allows them, and which adjustments in the reconciliation table deserve the most skepticism.]]></description>
      <pubDate>Fri, 28 Aug 2026 08:55:42 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Earnings</category>
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      <title>Why Doesn&apos;t the Spot Price Tell the Whole Oil Story?</title>
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      <description><![CDATA[An explainer of oil futures curves: contango, backwardation, the April 2020 negative print, and how EIA inventory data moves the market.]]></description>
      <pubDate>Wed, 26 Aug 2026 08:55:41 GMT</pubDate>
      <dc:creator>Trevor Nash</dc:creator>
      <category>Commodities</category>
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      <title>Berkshire&apos;s Cash Pile Passed $340 Billion — What the Filing Says</title>
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      <description><![CDATA[Berkshire Hathaway's cash reserve hit a record in the second quarter of 2025, mostly in Treasury bills; the filing explains composition and limits of the signal.]]></description>
      <pubDate>Mon, 24 Aug 2026 08:55:40 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Finance News</category>
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      <title>How SEC Form 4 Filings Turn Insider Stock Trades Into Public Record</title>
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      <description><![CDATA[A two-business-day deadline makes Form 4 one of the fastest disclosures in securities law, but the 2022 overhaul of Rule 10b5-1 trading plans changed what the filings can actually tell a reader.]]></description>
      <pubDate>Fri, 21 Aug 2026 08:46:28 GMT</pubDate>
      <dc:creator>Tomás Ferreira</dc:creator>
      <category>Markets News</category>
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    <item>
      <title>How Does a Company Actually Get Added to the S&amp;P 500?</title>
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      <description><![CDATA[Entry turns on published numbers for size, float, liquidity and four straight quarters of GAAP profit, filtered through a committee that never previews its votes.]]></description>
      <pubDate>Wed, 19 Aug 2026 08:46:27 GMT</pubDate>
      <dc:creator>Tomás Ferreira</dc:creator>
      <category>Markets News</category>
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      <title>Why Does Guidance Move Stocks More Than the Earnings Beat Itself?</title>
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      <description><![CDATA[A quarter that beats every estimate can still sink a stock while a cautious outlook does the damage — the disclosure rules and market data behind that asymmetry.]]></description>
      <pubDate>Mon, 17 Aug 2026 08:46:26 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Earnings</category>
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      <title>Crude Stocks Fell 1.8 Million Barrels — the Data Explains Why Markets Care</title>
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      <description><![CDATA[Two U.S. government reports, not headlines, do most of the weekly work in commodity prices — here is how the EIA's inventory count and the CFTC's positioning data actually reach the tape.]]></description>
      <pubDate>Sat, 15 Aug 2026 08:46:25 GMT</pubDate>
      <dc:creator>Trevor Nash</dc:creator>
      <category>Commodities</category>
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      <title>What Actually Stops Companies From Overstating Adjusted Earnings?</title>
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      <description><![CDATA[The SEC does not ban non-GAAP earnings. Its guidance, last revised in December 2022, narrows how far the adjustments can go and how they must be shown next to the GAAP number.]]></description>
      <pubDate>Wed, 12 Aug 2026 08:46:24 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Finance News</category>
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      <title>How Does Deposit Insurance Work, and Where Are Its Limits?</title>
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      <description><![CDATA[The $250,000 guarantee, the fund behind it, and the 2023 rescue of uninsured depositors that blurred the boundary — what depositors should actually know.]]></description>
      <pubDate>Mon, 10 Aug 2026 12:00:00 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Finance News</category>
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      <title>Data Centers Now Drive 40% Of PJM&apos;s Record Capacity Costs</title>
      <link>https://mtoday.net/analysis/data-centers-now-drive-40-of-pjm-s-record-capacity-costs.html</link>
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      <description><![CDATA[The grid operator's latest auctions show artificial-intelligence buildout reshaping how much households and businesses pay for electricity, with utilities repriced as growth stocks on the strength of forecasts that have not yet been built.]]></description>
      <pubDate>Mon, 10 Aug 2026 08:46:23 GMT</pubDate>
      <dc:creator>Gordon Fielding</dc:creator>
      <category>Analysis</category>
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      <title>S&amp;P 500 Closes at a Record 7,736, Its First Since Early June</title>
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      <description><![CDATA[The S&P 500 closed at a record 7,736 on August 4, 2026 — its first since June 2 — after a $3.7T four-day surge capped the momentum-crash recovery.]]></description>
      <pubDate>Wed, 05 Aug 2026 12:00:00 GMT</pubDate>
      <dc:creator>Tomás Ferreira</dc:creator>
      <category>Markets News</category>
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      <title>Where Does the Digital Dollar Actually Stand in 2026?</title>
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      <description><![CDATA[Research without a product: America's CBDC debate went from executive order to prohibition while stablecoins took the function — what's next.]]></description>
      <pubDate>Sat, 01 Aug 2026 12:00:00 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Finance News</category>
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      <title>What the Cocoa Price Shock Teaches About Soft Commodity Risk</title>
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      <description><![CDATA[Cocoa went from $3,000 to over $11,000 and back. Weather, disease, West African policy, and inelastic demand — the anatomy of a soft commodity shock.]]></description>
      <pubDate>Mon, 27 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Trevor Nash</dc:creator>
      <category>Commodities</category>
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      <title>Why Does Treasury Market Liquidity Keep Regulators Awake at Night?</title>
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      <description><![CDATA[Three breaks since 2019 — repo spikes, the 2020 dash for cash, 2023 issuance stress — and the repairs: central clearing, the SRF, and SLR recalibration.]]></description>
      <pubDate>Thu, 23 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Gordon Fielding</dc:creator>
      <category>Analysis</category>
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      <title>Which Phrases on Earnings Calls Deserve a Reader&apos;s Skepticism?</title>
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      <description><![CDATA[Vague timing, blame-shifting, buried negatives: a field guide to the call phrases research links to disappointments — and how to diff transcripts.]]></description>
      <pubDate>Sat, 18 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Earnings</category>
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      <title>JPMorgan Posts Record $21.2 Billion Quarter as Dealing Booms</title>
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      <description><![CDATA[JPMorgan's Q2 2026: record $21.2B net income, $7.70 EPS, investment banking revenue up 27% — and why a record bank profit is a cyclical fingerprint.]]></description>
      <pubDate>Tue, 14 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Trevor Nash</dc:creator>
      <category>Earnings</category>
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      <title>What Do ETF Flows Actually Tell You About Investor Sentiment?</title>
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      <description><![CDATA[ETF flows measure where money positions, not where prices go: creation mechanics, sentiment extremes, common misreadings, and how to use the data honestly.]]></description>
      <pubDate>Thu, 09 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Tomás Ferreira</dc:creator>
      <category>Markets News</category>
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      <title>Can Industrial Demand From Solar Keep Reshaping Silver&apos;s Price?</title>
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      <description><![CDATA[Solar now takes 30%+ of world silver demand while byproduct supply cannot chase price. The hybrid metal's deficit, ratio, and 2024-25 run explained.]]></description>
      <pubDate>Sun, 05 Jul 2026 12:00:00 GMT</pubDate>
      <dc:creator>Trevor Nash</dc:creator>
      <category>Commodities</category>
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      <title>All 32 Banks Pass the Fed&apos;s 2026 Stress Test on $708 Billion of Losses</title>
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      <description><![CDATA[All 32 banks passed the Fed's June 2026 stress test, absorbing ~$708B in hypothetical losses. What changed in the framework and what it frees for payouts.]]></description>
      <pubDate>Tue, 30 Jun 2026 12:00:00 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Finance News</category>
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      <title>How the Earnings Season Calendar Actually Works, Quarter After Quarter</title>
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      <description><![CDATA[Banks first, tech last, flood in between: SEC deadlines, sector clusters, report-day mechanics, and why the season is never over until its final week.]]></description>
      <pubDate>Thu, 25 Jun 2026 12:00:00 GMT</pubDate>
      <dc:creator>Jay Douglas</dc:creator>
      <category>Earnings</category>
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