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Sandisk Tumbles After Revenue, Earnings Forecasts Miss Estimates
Sandisk Tumbles After Revenue, Earnings Forecasts Miss Estimates
Sandisk was one of the largest public holdings of the hedge fund of 24-year-old former wunderkind, Leopold Aschenbrenner, and its July collapse from $2300 to $1000 was chief the main reasons why the former OpenAI employee had to liquidate his extremely overlevered hedge fund and sell all positions at a 10% discount to Citadel to meet a volley of endless margin calls.
Well, if he has some dry powder left he just may be able to repurchase some or all of his portfolio from...
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Iran Ceasefire Allows For Netanyahu's Corruption Trial To Finally Resume
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Israel is lifting its state of emergency given that the Iran ceasefire appears to be holding, and with that Prime Minister Benjamin Netanyahu’s long-running corruption trial will resume in the coming days, according to Reuters.
"With the lifting of the state of emergency and the return of the judicial system to work, hearings will resume as usual," a statement from the Israeli courts confirms.
via AFP
Hearings are scheduled to take place from Sunday through Wednesday. Of course, the fragile truce could collapse...
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Fico Threatens To Cut Ukraine's Emergency Power As Russian Oil Transit Fight Escalates
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Slovakia's populist Prime Minister and pro-Trump ally Robert Fico has drawn an unexpectedly hard line in his country's ongoing energy showdown with Ukraine: restore Russian oil flows, or else a key emergency electricity lifeline for Ukraine gets pulled.
In a weekend post on X, Fico warned that unless Ukraine resumes pumping Russian crude to Slovakia by Monday, Bratislava will cut off its emergency power exports. This is an immense threat given current frigid subzero temperatures in war-ravaged Ukraine.
"If...
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