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Leopold Aschenbrenner's Short Seller Fairy Tale
Leopold Aschenbrenner's Short Seller Fairy Tale
Submitted by QTR's Fringe Finance
Leopold Aschenbrenner’s hedge fund, stuffed like the ass of a Thanksgiving turkey with every trendy AI name you could throw a dart at, reportedly suffered one of the most spectacular drawdowns of recent memory, losing roughly 67% in July after a series of heavily leveraged bets went violently against it.
According to the Wall Street Journal, the losses became severe enough to trigger margin calls, forcing the firm into emergency asset sales. Public positions were reportedly sold to Citadel to raise liquidity,...
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May 6, 2026 / Tyler Durden
Give Peace A Chance
Give Peace A Chance
By Benjamin Picton, senior market strategist at Rabobank
It was TACO Tuesday again in the United States this week as President Trump announced that he was pausing Operation Freedom “for a short period” after it had been underway for just one day. Channelling John Lennon, Trump indicated that progress in negotiations with Iran had convinced him to ‘give peace a chance’, but that the US blockade of Iranian ports would remain in place for now.
The Dow Jones, S&P500 and NASDAQ all closed higher and US stock futures...
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Apr 10, 2026 / Tyler Durden
Apple To Close First Unionized Store, Along With Two Others, Citing "Declining Conditions"
Apple To Close First Unionized Store, Along With Two Others, Citing "Declining Conditions"
Apple is permanently closing three mall-based stores in the coming months: Apple North County in California, Apple Trumbull in Connecticut, and Apple Towson Town Center in Maryland, which is the company's first unionized store.
"Following the departure of several retailers and declining conditions at Trumbull Mall, the Shops at North County, and Towson Town Center, we've made the difficult decision to close our stores at these locations," Apple told computer blog AppleInsider in a statement.
Most workers will...
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May 13, 2026 / Tyler Durden
Trump Says Cuba Is Seeking Help: 'We Are Going To Talk'
Trump Says Cuba Is Seeking Help: 'We Are Going To Talk'
Authored by Troy Myers via The Epoch Times,
Cuba wants help, and the United States will hold talks with the communist island nation, President Donald Trump announced in a Tuesday post on Truth Social.
He did not specify when those talks would take place.
“No Republican has ever spoken to me about Cuba, which is a failed country and only heading in one direction—down! Cuba is asking for help, and we are going to talk!!! In the meantime, I’m off to China!”...
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