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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 22, 2026 / Tyler Durden
A New Iran (Military?) Base Case
A New Iran (Military?) Base Case
By Michael Every of Rabobank
Our central assumption for the Iran war had been that by end the third week of April at latest, the Iranian regime faction willing to make a deal in line with Trump’s tweets would have asserted itself over those who won’t, Hormuz would slowly reopen, and energy markets gradually normalise.
As neither the Iranian nor US negotiating teams traveled to Pakistan for the second round of peace talks yesterday, that cannot happen. Our new geopolitical base case is of an extended...
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Apr 4, 2026 / Carlos Boix
The Myth that Won't Die: "War is Good for the Economy"
One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.
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Apr 6, 2026 / Dave DeCamp
US-Israeli Strikes Hit Prestigious Iranian University
A US-Israeli strike hit the Sharif University of Technology in Tehran on Monday, an attack widely condemned by Iranians both inside and outside of the country, as the bombing campaign continues to hit civilian targets. The university, known as the “MIT of Iran,” is a prestigious institution that attracts top medical and engineering students in […]
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