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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 16, 2026 / Tyler Durden
Russia Struggles To Deliver Crude Oil As It Hits 135 Million Barrel Traffic Jam
Russia Struggles To Deliver Crude Oil As It Hits 135 Million Barrel Traffic Jam
Russia is struggling to deliver all of the crude it’s being forced to ship overseas in the face of escalating Ukrainian drone strikes on its refineries.
Nearly 135 million barrels of Russian crude oil are currently stranded at sea as a result of Ukraine’s airstrike campaign targeting refineries with the intent to cripple crude processing. The offshore backlog is forcing Moscow to significantly ramp up export volumes according to OilPrice.com.
Intensive Ukrainian drone strikes, including recent hits on the Gazprom...
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Mar 31, 2026 / Tyler Durden
IRGC Threatens 18 US Tech Companies In Region After Hegseth Declared Regime Fragmenting; Trump Reiterates War To End 'Soon'
IRGC Threatens 18 US Tech Companies In Region After Hegseth Declared Regime Fragmenting; Trump Reiterates War To End 'Soon'
Summary
IRGC warns it will hit 18 US tech companies in region, says Siemens in Israel already attack
China, Pakistan issue broad five-point framework for peace (document below); France, Italy begin to block airspace for Iran-related US ops
WarSec Hegseth saw "upcoming days will be decisive", strikes will continues without any deal - says "regime fragmenting"
President Trump signals off-ramp, tells world "go get your own oil", says Iran 'decimated'. Tells NYP the strait could 'automatically...
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Apr 21, 2026 / Tyler Durden
NewMexit: Secession In The Southwest?
NewMexit: Secession In The Southwest?
Authored by Stephen Anderson via The Mises Institute,
Lea and Roosevelt counties in the US state of New Mexico (NM) in 2026 are seeking to secede and join the state of Texas.
“There was a state representative or two from New Mexico who were expressing frustration with the government in Santa Fe,” Texas State Representative Carl Tepper said.
“They have expressed an interest in being annexed by Texas, . . .”
Their action is referred to as “NewMexit.”
Ludwig von Mises wrote many times that a group of people in a sovereign...
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