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Navy Secretary John Phelan Abruptly Departs Trump Admin With No Explanation, "Effective Immediately"
Navy Secretary John Phelan Abruptly Departs Trump Admin With No Explanation, "Effective Immediately"
In a terse, one-paragraph statement released this afternoon, the Pentagon announced the immediate departure of Secretary of the Navy John C. Phelan, effective immediately.
Navy Secretary John Phelan speaks at President Donald Trump's Mar-a-Lago club on Dec. 22, 2025, in Palm Beach, Florida. (Alex Brandon/AP)
Undersecretary of the Navy Hung Cao has been elevated to Acting Secretary of the Navy. The announcement, issued by Chief Pentagon Spokesman Sean Parnell (Assistant to the Secretary of War for Public Affairs), offered...
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Oct 16, 2026 / Tyler Durden
CoreWeave Founders Cashed Out $3.3 Billion Before The Meltdown
CoreWeave Founders Cashed Out $3.3 Billion Before The Meltdown
Before CoreWeave imploded, its three co-founders had been busy dumping stock, a lot of it, totaling $3.3 billion since the company's March 2025 IPO. The AI cloud provider rents access to Nvidia-powered data centers that fuel the AI circular financing scheme. Its unsecured bonds due in 2032 have crossed into distressed territory, and its five-year CDS spreads have blown out as debt levels at hyperscalers and neocloud providers come into question.
Michael Intrator, Brian Venturo and Brannin McBee sold $2.4 billion this...
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Sep 9, 2026 / Tyler Durden
Hunter Biden Blames Liquidity, "Predatory Snipers" For LAPTOP Memecoin Collapse
Hunter Biden Blames Liquidity, "Predatory Snipers" For LAPTOP Memecoin Collapse
Update: Straight from the horse's mouth - it crashed because of "predatory snipers" or something, according to a post by Hunter on X.
As you may have seen, the LAPTOP memecoin saw a sharp swing in token price during its first hours of trading.
The headlines are all the same.
Token down 99%. Rug pull. Biden Crime Family. The list goes on.
This is far from the truth.
The reality is that available liquidity could not sustain the strong level of interest at launch. Technical issues coupled with...
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Apr 10, 2026 / Tyler Durden
"Move To California": Nvidia CEO Becomes Unofficial Pitchman For Struggling Left-Wing State
"Move To California": Nvidia CEO Becomes Unofficial Pitchman For Struggling Left-Wing State
The California exodus is a very simple byproduct of one-party Democratic rule, with unhinged progressive politicians abusing their tax base through high taxes, overregulation, and experiments with extreme progressive policies that have transformed parts of some metro areas into crime-ridden hellholes. Average people, billionaires, and businesses have all been voting with their feet, fleeing to red states in search of lower taxes, law and order, more affordable living conditions, fewer regulations, and an economic environment where they can...
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