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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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Apr 11, 2026 / Tyler Durden
Visualizing America's Slide In 'Happiness Rankings' Since 2011
Visualizing America's Slide In 'Happiness Rankings' Since 2011
The United States has steadily slipped in the global happiness rankings over the past decade.
While it still ranks among the top 25 in the latest World Happiness Report, the U.S. is no longer close to the leading group of Nordic countries that consistently dominate the top spots.
This visualization, via Visual Capitalist's Niccolo Conte, tracks the U.S. happiness ranking from 2011 to 2025, based on data from the World Happiness Report 2026.
Each annual ranking is based on a three-year average of life evaluation survey responses...
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Apr 23, 2026 / Tyler Durden
European Car Sales Jump 11% As Fuel Shock Drives EV Demand
European Car Sales Jump 11% As Fuel Shock Drives EV Demand
European auto sales posted their strongest monthly gain in almost two years in March, as robust demand emerged for fully electric and hybrid models. The surge in demand follows the US-Iran conflict, which disrupted energy flows through the Hormuz chokepoint. As a result, petrol and diesel prices at the pump in Europe soared. Another issue is China flooding the continent with cheap EVs, undercutting already struggling domestic automakers.
Bloomberg cited new-vehicle registration data for last month showing an 11%...
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Mar 13, 2026 / Tyler Durden
Inflation Fears Fade As War Drags UMich Sentiment Lower
Inflation Fears Fade As War Drags UMich Sentiment Lower
After rebounding solidly in January and February, expectations were for a modest decline in UMich Sentiment in preliminary March data and analysts were right but the 55.5 print (from 56.6 prior) was better than the 54.8 expected.
Current Conditions actually improved, surprising to the upside (57.8 vs 56.6 prior vs 54.9 exp)
Expectations fell more than expected (54.1 vs 56.6 prior vs 54.5 exp)
Current Conditions are at their highest level since October while expectations are at their lowest since November.
Source: Bloomberg
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