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Heavily Shorted Wendy's Soars After New CFO, Reddit Traders Pile In To Save Burger Chain
Heavily Shorted Wendy's Soars After New CFO, Reddit Traders Pile In To Save Burger Chain
Heavily shorted Wendy's shares jumped as much as 22% in premarket trading on Wednesday, as a management shakeup and a surge of WallStreetBets activity around the struggling fast-food chain appeared to trigger a retail-driven squeeze.
The stock surge followed Wendy's appointment of former Potbelly CFO Steve Cirulis as CFO and chief strategy officer, as part of new CEO Robert Wright's turnaround effort for the fast-food chain, after shares had sunk 25% as of Tuesday's close.
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Jul 23, 2026 / Tyler Durden
Four House Republicans Break Ranks To Help Democrats Pass Iran War Powers Resolution
Four House Republicans Break Ranks To Help Democrats Pass Iran War Powers Resolution
The House on Thursday approved a Democratic-led war powers resolution aimed at restricting President Trump's military operations in Iran, with four Republicans providing the decisive votes.
The measure, sponsored by Rep. Pramila Jayapal (D-Wash.) and forced to the floor with Rep. Jason Crow (D-Colo.), passed 214-208. Joining every Democrat were Reps. Tom Barrett (R-Mich.), Warren Davidson (R-Ohio), Thomas Massie (R-Ky.) and Brian Fitzpatrick (R-Pa.) - the same quartet that crossed the aisle on a similar resolution last month.
It...
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Jul 22, 2026 / Kyle Anzalone
Four US Troops Killed, About a Dozen Severely Wounded in Renewed Fighting with Iran
Updated casualty figures from Iranian strikes on US bases in the Middle East last week have increased. Three US soldiers were killed at a US base in Jordan that was hit by an Iranian missile. Additionally, an American was killed in Iraq while attempting to destroy a downed Iranian drone. On Wednesday, The New York […]
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Jul 15, 2026 / Kurt Nimmo
The House Speaker’s Refashioned Red Scare
Speaker of the House Mike Johnson finalized the Republican plank for the upcoming midterm election. It will not be about affordability, inflation, and the economy. It will not be about Trump’s undeclared war. The position going forward will be about communism. “The election will be over whether we’re gonna maintain our freedom in a constitutional […]
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