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South Korea Falls Into Bear Market As Memory Euphoria Fizzles
South Korea Falls Into Bear Market As Memory Euphoria Fizzles
It started off with the usual morning rush by retail momentum chasers into the handful of massive, market-moving names (read Samsung Electronics and SK Hynix), but as has been the case over the past two weeks, the initial euphoria quickly reversed and the Kospi rolled over, closing down 5.4%, 9.99% over the past two days, and down 22% from the all time high of 9385 hit just over 2 weeks ago on Jun 18.
... officially entering a technical bear market...
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Apr 23, 2026 / Tyler Durden
Kalshi Bans 3 US Politicians For Betting On Their Own Election Races
Kalshi Bans 3 US Politicians For Betting On Their Own Election Races
Authored by Stephen Katte via CoinTelegraph.com,
Two US congressional candidates and one sitting lawmaker have received fines and bans from Kalshi after they were found betting on the outcomes of their election races, as prediction market platforms crack down on insider trading.
Matt Klein, a sitting member of the Minnesota State Senate, was fined $539 for betting on his primary race in his bid for the US House of Representatives, which is set to take place in August. Ezekiel Enriquez, who ran...
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Jun 2, 2026 / Tyler Durden
Leftists Try To "Cancel" Giants Quarterback For His Appearance At Trump Rally
Leftists Try To "Cancel" Giants Quarterback For His Appearance At Trump Rally
Leftists often claim that when someone of celebrity status appears with Donald Trump, it gives Trump "legitimacy." This is the common rationale they use to justify their insane cult-like behavior - Their habit of using mobs of mindless activist zombies in order to frighten people with status away from openly identifying as conservative. The truth is, the political left is a paper tiger, an astroturf movement with no power, blustering with false bravado.
In reality, celebrities do not...
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Mar 14, 2026 / Tyler Durden
Meta Plans 20% Layoffs To Divert Capital To Data Centers
Meta Plans 20% Layoffs To Divert Capital To Data Centers
On Friday we noted that Meta has delayed the rollout of its latest AI model because it sucks - and may temporarily license superior models like Gemini to power the company's AI products.
Now, Meta is reportedly mulling a massive new round of layoffs that could affect more than 20% of its workforce as it accelerates spending on AI data center buildouts. The move comes as other hyperscalers consider similar workforce restructurings to redirect capital flows toward AI infrastructure.
Reuters cited people familiar...
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