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Iranian Currency Hits All-Time Low As Tehran Threatens 'Unprecedented' Response To US 'Maritime Piracy'
Iranian Currency Hits All-Time Low As Tehran Threatens 'Unprecedented' Response To US 'Maritime Piracy'
Via The Cradle
Iran’s currency plummeted to a record low on Wednesday, dropping to 1.8 million against the dollar following the brutal US-Israeli war, coinciding with uncertainty over the fragile truce and rising energy prices worldwide.
The currency began a sharp descent two days ago after several weeks of artificial stability. During the initial weeks of the US-Israeli war on the Islamic Republic – which broke out on February 28 – the rial remained relatively steady, largely due to a total...
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Jun 1, 2026 / Tyler Durden
Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid
Barry Diller Bets Big On Real-World Assets AI Can't Replace With MGM Resorts Bid
People Incorporated, formerly IAC and run by Barry Diller, has submitted a non-binding proposal to acquire the remaining MGM Resorts shares it does not already own for $48.30 per share in cash.
The latest Bloomberg data show People Inc. owns 26.1% of MGM Resorts, or about 66.82 million shares. The offer to buy the remainder would cover roughly 73.9% of MGM that is not already owned.
The $48.30-per-share offer represents a 24.1% premium to MGM's 30-day volume-weighted average...
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Apr 30, 2026 / Tyler Durden
This Is What Europeans Are Most Proud Of
This Is What Europeans Are Most Proud Of
What people take pride in says a lot about how they see their country.
Across Europe, those sources range from culture and history to political systems and personal freedoms. But in some countries, a notable share of people say they feel little pride at all.
This visualization via Visual Capitalist, by The European Correspondent, based on Pew Research Center data, breaks down the top three sources of national pride in each country surveyed.
Top Sources of National Pride, by Country
Here’s a closer look at the top three sources...
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Jun 1, 2026 / Tyler Durden
SK Hynix Evacuates Thousands Of Workers At Chip Plant After Fire, Toxic Gas Leak
SK Hynix Evacuates Thousands Of Workers At Chip Plant After Fire, Toxic Gas Leak
One week, unions are threatening labor action at memory giant Samsung. The next, SK Hynix suffers an industrial accident. Together, the events highlight just how fragile the global memory supply chain has become at a time when AI data center buildouts have already pushed memory chip supply into extraordinarily tight territory.
South Korea's main national wire service, Yonhap News Agency, reports that SK Hynix, the world's second-largest DRAM producer, evacuated about 3,600 workers from its Cheongju semiconductor...
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