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Lights Out For Sleep Number, Shares Crash On Potential Bankruptcy Filing
Lights Out For Sleep Number, Shares Crash On Potential Bankruptcy Filing
Sleep Number Corporation shares crashed after multiple outlets, including The Wall Street Journal and Bloomberg, reported that the mattress and bedding retailer is preparing to file for Chapter 11 bankruptcy.
WSJ said that Sleep Number is "expected to use the Chapter 11 process to restructure its balance sheet while continuing operations. The reorganization could also include a potential sale of the business."
As of late 2024, Sleep Number had 640 retail stores across the US, with a footprint actively shrinking in...
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May 8, 2026 / Tyler Durden
Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job
Closer Look Reveals April Jobs Report Was A Disaster, And AI Is Now Here To Take Your Job
On the surface today's jobs report was very strong: headline payrolls came in nearly double the expected (115K vs 65K), with unemployment flat just so Trump's chief economist Kevin Hassett could push bullish taking points in today's TV circuit such as this one.
*HASSETT: 'RIP-ROARING' JOBS MARKET
Unfortunately, below the surface this was the ugliest jobs report in years, and one could say even more cooked than last month's laughable surge in jobs (which...
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Aug 5, 2026 / Kyle Anzalone
US Deploying More Intelligence Assets in Cuba
In preparation for a potential military or regime change operation, the US is sending more intelligence assets to Cuba. A source told Politico that the White House had recently sent additional spies and intelligence assets to Cuba. The outlet notes, “Such intelligence moves could portend actions ranging from a US military operation in Cuba to […]
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Sep 6, 2026 / Tyler Durden
Biggest 'Go Woke, Get Broke' Story Of A Generation: S&P Nukes Nike From Elite Blue-Chip Index
Biggest 'Go Woke, Get Broke' Story Of A Generation: S&P Nukes Nike From Elite Blue-Chip Index
S&P Dow Jones Indices announced Friday that Nike is being booted from the S&P 100 after nearly two decades, another sign of how America's most exclusive blue-chip benchmark is being reshaped by the artificial-intelligence spending boom. But that's not the entire story...
Perhaps what really happened with Nike is that it lost its way. Instead of focusing on basketball shoes and athletic leisure, it pursued the whole woke culture, which damaged the brand.
Injected itself into...
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