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1 In 30 Koreans Margin-Called As Kospi Crashes, Regulator Suspends New Levered ETFs, Hikes Margins
1 In 30 Koreans Margin-Called As Kospi Crashes, Regulator Suspends New Levered ETFs, Hikes Margins
For the first time in over three years, South Korea’s central bank raised its policy interest rate by 0.25% points to 2.75%, inline with expectations, and kicking off a monetary tightening cycle aimed at containing inflationary pressures spurred by the AI-driven semiconductor boom. It also helped spark a fresh rout in Korean stocks whose daily volatility has become borderline farcical with daily 5% swings having become the norm.
The move on Thursday was the Bank of...
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Jul 9, 2026 / Tyler Durden
NYC Tower Owner Prepares To Rebuild 15 Floors After I-Beam Failure
NYC Tower Owner Prepares To Rebuild 15 Floors After I-Beam Failure
Fears of a possible collapse at a condo tower under construction near Grand Central Terminal had abated by the end of the week, but the incident only signals the massive engineering challenges tied to Manhattan's office-to-apartment conversion boom.
The former Pfizer headquarters at 235 East 42nd Street, being converted by David Werner and Nathan Berman's Metro Loft Management into more than 1,600 residential units, has become a high-profile example of the risks of repurposing aging office towers into housing at...
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Apr 2, 2026 / Tyler Durden
Democrats Ask Judge To Block Parts Of Trump's Election Order
Democrats Ask Judge To Block Parts Of Trump's Election Order
Authored by Kimberley Hayek and Matthew Vadum via The Epoch Times,
Democrats asked a federal judge Wednesday to block parts of President Donald Trump’s executive order on federal elections.
The lawsuit challenges Trump’s directive, signed a day earlier, that will create a list of eligible voters in every state and prohibit the U.S. Postal Service (USPS) from sending absentee ballots to those not included on the list. The order, titled “Ensuring Citizenship Verification and Integrity in Federal Elections,” directs the Department of...
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Apr 1, 2026 / Tyler Durden
29 Killed In One Of Worst Russian Military Air Disasters Of Ukraine War
29 Killed In One Of Worst Russian Military Air Disasters Of Ukraine War
Russia has suffered one of its worst aerial disasters of the Ukraine war, as an An-26 Military Transport aircraft went down in Crimea with no survivors reported.
The aerial disaster happened Tuesday, with state media reporting that the aircraft slammed into a cliff during what was described as a routine flight over the Black Sea peninsula.
via TASS
All 29 onboard, including 23 passengers and six crew, were killed in the crash, marking one of the deadliest recent incidents involving Russian...
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