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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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Jun 18, 2026 / Tyler Durden
US-Iran MOU Eases Energy Prices But Faces Sharp Pushback From Israel And GOP Hawks
US-Iran MOU Eases Energy Prices But Faces Sharp Pushback From Israel And GOP Hawks
Summary:
The US and Iran signed a preliminary cease-fire agreement at the G7 summit in France.
Energy prices fell as some Saudi supertankers resumed crossing the Strait of Hormuz.
The deal includes a $300 billion private reconstruction fund and temporary Iranian oil export waivers.
Iranian officials declared themselves the clear winner.
The agreement has opened significant new divisions within the Republican Party.
Israel described the deal as a major strategic setback.
US Vice President Vance will meet Iranian officials in Switzerland on Friday.
Energy...
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Apr 30, 2026 / Tyler Durden
Oil Spikes As Israeli Defense Chief Says 'Required To Act Again' In Striking Iran, Achieving Objectives
Oil Spikes As Israeli Defense Chief Says 'Required To Act Again' In Striking Iran, Achieving Objectives
Summary
Israeli Defense Minister Katz: "soon we will need to act again in Iran to ensure that the regime cannot threaten Israel for years to come." Oil spikes on this and new reports of Israeli defense build-up at ports, air hubs.
Not giving up nuclear program: Iran will "guard" its "advanced technologies" like it does its own borders, Mojtaba Khamenei said in a written speech read aloud by state TV. It will “secure the Persian Gulf region and dismantle...
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Apr 10, 2026 / Tyler Durden
Zelensky's Interceptor Drones Deployed Across Eurasia, Now Shooting Down Iranian Shaheds
Zelensky's Interceptor Drones Deployed Across Eurasia, Now Shooting Down Iranian Shaheds
Three weeks after President Volodymyr Zelensky announced that Ukrainian drone specialists were helping five Gulf states counter Iranian Shahed drones and build low-cost interceptor-based air defenses, he revealed Friday that Ukrainian military personnel had just recently shot down Shaheds in the Gulf theater.
"Our teams are already working with five countries on countering (Iran's) 'Shahed' drones — we have provided expert assessments and are helping build a defense system," Zelensky stated on X in mid-March.
By Friday, AP News quoted Zelensky...
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