Europe's Climate Policy Forces Industry Into Retreat; Even Its Critics Are Folding

Hedge Fund Walleye Returns Capital, Fires Head Of Equities After Worst Month Since COVID: Read The Full Letter One week ago, when Nomura's Charlie McElligott told clients that the October "pod purge" was the multi-strat model simply "cleansing" itself, we were less sanguine: "we suspect the next round of stop-outs is probably just a matter of time." Well, Charlie was wrong, we were right: it took about a week. And this time it's an entire fund.Moments ago, Bloomberg reported that Walleye Capital, the $17 billion multistrategy hedge fund run by...

Iranian Foreign Minister Abbas Araghchi said on Tuesday that he heard from diplomats from other countries that no one expected Iran to be able to “resist” the US in the way Iran has done in the war the US and Israel launched on February 28. “I have heard this many times from foreign ministers and […]

The Next Phase Of Shrinkflation: Rolling Blackouts Via SchiffSovereign, The lights went on at approximately 3pm on September 4, 1882 in New York City. Thomas Edison (with major funding from JP Morgan) had spent roughly two years building the first-ever commercial power plant, located in Manhattan’s financial district. Its total capacity was about 600 kilowatts… barely enough to power a single rack of GPUs today. But at the time it was nothing short of miraculous. Edison’s coal-fired DC power plant initially served just 82 customers, and electricity was nothing more than a luxury flex by the...