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Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up
Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up
Update (1130ET): The Wall Street Journal reports that Situational Awareness, the highflying artificial-intelligence-focused hedge-fund firm, sold the bulk of its stock portfolio to Ken Griffin's investment firm Citadel after suffering deep losses, according to people familiar with the matter.
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Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation.
Faber reports that the liquidation was done “through one enormous trade."
Roughly two-thirds of the assets...
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May 6, 2026 / Tyler Durden
Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x
Corning Shares Erupt On Nvidia Deal To Supercharge Fiber Optics Output By 10x
U.S.-based glass company Corning soared in premarket trading in New York after announcing a new mega deal with Nvidia to expand manufacturing capacity for fiber optic production used in AI data centers.
"Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber production capacity by more than 50% to meet the accelerating demand driven by AI factory buildouts," Nvidia wrote in a press release.
The expansion includes three new manufacturing plants in...
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Jun 11, 2026 / Tyler Durden
Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier
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Continuing a trend of increasingly dismal projections, Social Security's trustees have revised their prediction of when the massive benefit program's trust fund will run out of money, moving it to the fourth quarter of 2032, sooner than last year's projection that the money will run out in 2033. They attributed most of the the change to declining fertility rates and immigration, along with tax reductions included in Trump's 2025 One Big Beautiful Bill Act (OBBBA).
When the trust fund runs...
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Jul 20, 2026 / Kyle Anzalone
Trump: Netanyahu Will Not Be Arrested in the US
President Donald Trump declared that Israeli Prime Minister Benjamin Netanyahu would not be arrested if he enters the US. Netanyahu is wanted for war crimes committed in Gaza by the International Criminal Court. New York City Mayor Zohran Mamdani said that the Israeli leader belongs in the Hague. “Netanyahu will not be arrested, in any […]
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