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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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Oct 7, 2026 / Tyler Durden
Trump Says He Is Considering Suspending Federal Gas Tax
Trump Says He Is Considering Suspending Federal Gas Tax
Authored by Tom Gantert via The Epoch Times,
President Donald Trump said he was thinking about suspending the federal gas tax as he spoke to reporters on Tuesday.
President Donald Trump speaks at Anduril Industries in Sparrow Point, Md., on Oct. 6, 2026. Madalina Kilroy/The Epoch Times"We're thinking about that," Trump said when asked if the federal gas tax should be suspended. He didn't provide any more details.
The federal gasoline tax is 18.4 cents per gallon, according to the U.S. Energy Information Administration....
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Nov 10, 2026 / Tyler Durden
CoreWeave Pops On Beat And Raise... Then Guides To A $1.1 Billion Quarterly Interest Bill As Debt Hits $47 Billion
CoreWeave Pops On Beat And Raise... Then Guides To A $1.1 Billion Quarterly Interest Bill As Debt Hits $47 Billion
The bar could hardly have been lower.CoreWeave (CRWV) walked into tonight's third-quarter report with its stock down more than 73% from its June 2025 high of $183, its 9.75% 2031 bonds yielding north of 15%, its CDS above 1,100bps, and a freshly elected class of governors who would rather not see another data center built in their states, thank you very much. Options were pricing a 15.5% move in either...
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Sep 9, 2026 / Tyler Durden
Apple's Foldable iPhone Moment Arrives: New CEO Ternus Faces First Big Wall Street Test
Apple's Foldable iPhone Moment Arrives: New CEO Ternus Faces First Big Wall Street Test
Apple is expected to unveil its long-awaited foldable handset, rumored to be called the "iPhone Ultra," at today's big product event, scheduled for 1 p.m. ET and led by new CEO John Ternus.
"Watching Apple's event is later today… huge index weight, first major event under John Ternus, and potentially the first foldable iPhone. If the product/new CEO combination lands well, it could become a useful mega-cap catalyst," Goldman Sachs Delta-One desk head Rich Privorotsky told clients...
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