Traders Stunned By Momentum Meltdown As Earnings Quality Problem Simmers Under The Surface

US Throttles Intelligence-Sharing With South Korea After Nuclear Disclosure Row The United States has reduced intelligence sharing with South Korea pertaining to eavesdropping on North Korea following an alleged leak tied to sensitive information, according to local media reports. But it is a major allegation that the government has dismissed as 'absurd'. South Korean President Lee Jae Myung took to X at the start of this week to write, "Any claim or action based on the premise that Minister Chung ‘leaked classified information provided by the US’ is wrong." Bloomberg, citing Yonhap and...

Alibaba Bans Employees From Using Anthropic's Coding Tool Over Distillation Scandal While in the US, the government's periodic bans of the latest model from Anthropic (which has made AI doomerism - in hopes of getting the government to regulate everyone else expect Anthropic, yet repeatedly achieving just the opposite - into an art form) has been all the rage in recent months, in China it is the other way around, with China's tech giant Alibaba banning employees from using Anthropic's Claude ‌Code at work after the tool drew scrutiny for features...

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. Before joining...