Iranian Anti-Ship Cruise Missile Causes Injuries to Eight Marines

UK Trader And "Fake Private Equity Exec" Sentenced Over Fake £154 Million Takeover Bid Fake it til you make it? Not always such a great idea...A British day trader who posed as a private equity executive to orchestrate a fake £154 million ($206 million) takeover bid has received a two-year suspended prison sentence for fraud and forgery, according to a new report from Bloomberg. Christopher Woolcott, 44, sought to inflate the share price of Touchstone Exploration after buying shares in London and Toronto. He created multiple false identities, impersonated lawyers and...

"Reaching A Climax": Hedge Funds Turn Most Bearish On Yen Since 2007, As Former FX Czar Sees 20% Undervaluation For much of the past year, when the USDJPY disconnected - initially playfully and then terminally - from 2Y yield differentials, FX traders have been asking when and how will this gaping divergence finally converge. Alas, that answer remains elusive still, even as the collapse in the yen has pushed the currency to a generational low, and become an increasingly political topic leading to a surge in Japanese bankruptcies, and a...

Paramount Eyes California Exit, Hunts Nashville Offices As "Insane Communist Wackos" Ruin State Paramount Skydance Chairman and CEO David Ellison is exploring a potential California exit as the studio battles a multistate challenge to its $111 billion acquisition of Warner Bros. Discovery. Politico reported late Wednesday that the studio is seeking roughly 400,000 square feet of office space in Nashville, signaling that its relocation is in the works. We have reported in the last few days and last month of Paramount's plan to exit the left-wing state (read here & here).  The...