Article
"Pushed Into Poverty": Somalia’s Currency Crisis Leaves Traders Holding Worthless Cash
"Pushed Into Poverty": Somalia’s Currency Crisis Leaves Traders Holding Worthless Cash
For decades, Muse Omar Jama made a living swapping currencies in Mogadishu’s Bakara market, where customers once lined up to trade Somali shillings for dollars and mobile money. Now his office sits mostly silent, and the safes around him are stuffed with cash no one wants, according to The Guardian.
The problem began when traders in Somalia stopped accepting worn-out shilling notes, saying the bills were too damaged to use. The boycott quickly spread to shops, buses, and businesses across the...
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Apr 22, 2026 / Tyler Durden
After "Tectonic" Serra Verde Acquisition, Canaccord Reiterates Buy, Raises Price Target To $32 On USA Rare Earth
After "Tectonic" Serra Verde Acquisition, Canaccord Reiterates Buy, Raises Price Target To $32 On USA Rare Earth
In a new note out by Canaccord, the firm reiterates its BUY rating on USA Rare Earth and raises its price target to $32 from $29, arguing that the company is rapidly emerging as a cornerstone of a Western rare earth supply chain at a time when geopolitical urgency around reducing dependence on China is intensifying. Shares are already up about 50% over the past week and currently sit around $25:
The analysts frame...
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Feb 16, 2026 / Tyler Durden
Coffee Tied To Lower Dementia Risk, Harvard-MIT Study Finds
Coffee Tied To Lower Dementia Risk, Harvard-MIT Study Finds
New research published in JAMA reveals a strong reason to feel even better about being three to four espressos deep before the cash market opens in New York.
Here's the short version of the findings:
Caffeinated coffee was linked to lower dementia risk. Comparing the highest vs lowest consumption groups, the study reported a hazard ratio of 0.82 (95% CI, 0.76 to 0.89), which means higher caffeinated coffee intake was associated with lower risk.
People also reported less subjective cognitive decline. The higher-intake group had...
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Mar 26, 2026 / Tyler Durden
Trump Tells Iran 'Get Serious' About Negotiations Or 'No Turning Back' As WH Mulls Plans For 'Final Blow'
Trump Tells Iran 'Get Serious' About Negotiations Or 'No Turning Back' As WH Mulls Plans For 'Final Blow'
Summary
White House, Pentagon reviewing options for 'final blow' as Trump tells Iranians 'get serious' about talks, which they've rejected.
Trump said to want 'speedy end to war' (WSJ) while at the same time warning Tehran of 'no turning back' if it doesn't negotiate.
Israel says it has killed Alireza Tangsiri, commander of Iran’s Islamic Revolutionary Guard Corps navy.
VP Vance may travel to Pakistan this weekend for potential talks with Iran.
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'Final Blow'
President Trump...
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