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Gemini Space Station Soars On $100 Million Winklevoss Investment
Gemini Space Station Soars On $100 Million Winklevoss Investment
Heavily shorted Gemini Space Station soared in premarket trading after Tyler and Cameron Winklevoss injected $100 million into the money-losing crypto exchange, buying Class A shares at $14 apiece in a bitcoin-funded transaction.
GEMI shares are up 20% in premarket trading after closing at $5.26 on Thursday, though the stock remains down 47% year to date.
Short interest is high at 21.5% of the float, equivalent to roughly 8.3 million shares, with 5.3 days to cover, leaving GEMI vulnerable to a squeeze...
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Apr 29, 2026 / Tyler Durden
Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation"
Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation"
As expected, the Bank of Canada - which was the day's first G5 central bank to hit the tape ahead of the Fed's decision at 2pm ET - held interest rates unchanged at 2.25% as expected, saying adjustments to borrowing costs would likely be small if the economy and inflation evolve as expected, while stating that it is looking through the war's immediate impact on inflation but will not let higher energy prices become persistent...
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Mar 3, 2026 / Dave DeCamp
Trump Says US Has ‘Virtually Unlimited’ Munitions to Fight Wars ‘Forever’
President Trump insisted in a post on Truth Social on Tuesday that the US has “unlimited” munitions to fight wars “forever,” an apparent response to the concern over the US depleting its air defenses and other types of munitions in its war with Iran and questions about how long the conflict will last. “The United […]
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Mar 23, 2026 / Tyler Durden
Trump Admin Strikes Deal With Energy Firm To Nix Offshore Wind Plans
Trump Admin Strikes Deal With Energy Firm To Nix Offshore Wind Plans
Authored by John Haughey via The Epoch Times,
A global energy corporation based in France has ceded leases off North Carolina and New York where it planned to spend nearly $1 billion to build offshore wind turbines back to the U.S. Department of Interior and will instead redirect that investment into natural gas projects in Texas.
The “landmark agreement” was jointly announced by the department and TotalEnergies in Washington on March 23, and confirmed by Interior Secretary Doug Burgum and...
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