Continuing Jobless Claims At 3-Month-Highs, Initial Claims Tumble Back To 2021 Levels

Gemini Space Station Soars On $100 Million Winklevoss Investment Heavily shorted Gemini Space Station soared in premarket trading after Tyler and Cameron Winklevoss injected $100 million into the money-losing crypto exchange, buying Class A shares at $14 apiece in a bitcoin-funded transaction. GEMI shares are up 20% in premarket trading after closing at $5.26 on Thursday, though the stock remains down 47% year to date. Short interest is high at 21.5% of the float, equivalent to roughly 8.3 million shares, with 5.3 days to cover, leaving GEMI vulnerable to a squeeze...

A Three-Part Story: These Were The Best And Worst Performing Assets In February The Middle East continued to dominate market attention in May, as constant, daily, recurring hopes and media leaks and trial balloons for some kind of US-Iran deal meant that Brent crude oil fell -19.3%, marking its biggest monthly decline since March 2020 as the pandemic lockdowns began. Those hopes for an end to the conflict meant that fears about stagflation eased dramatically, which pushed yields lower and supported risk assets as well. Indeed, the S&P 500 was...

Did Scientists Just Solve The Biggest Mystery Holding Back Solid-State Batteries Authored by Alex Kimani via OilPrice.com, Scientists have identified the root causes of solid-state battery failures, discovering that internal pressure cracks the electrolyte while electrical imbalances trigger lithium growth that causes short circuits. The findings could accelerate commercialization by turning a long-standing scientific mystery into a solvable engineering challenge. Automakers including Toyota, Honda, Mercedes-Benz, and BMW are investing billions in solid-state batteries, with commercial EV deployments targeted for the second half of this decade Scientists now know why solid-state batteries have repeatedly failed....