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Feds Investigate Kinzinger Over Alleged Kalshi Bets On Own Pardon
Feds Investigate Kinzinger Over Alleged Kalshi Bets On Own Pardon
Former Republican Rep. Adam Kinzinger is reportedly under investigation by the Commodity Futures Trading Commission over prediction-market trades tied to an unusually personal event: whether President Joe Biden would pardon him.
According to Politico, citing three people familiar with the matter, the CFTC has been examining trades made by a Kalshi account linked to Kinzinger in December 2024 and January 2025. Kalshi is also reviewing the transactions. Kinzinger confirmed that he made the trades, telling Politico that he wagered on both whether...
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Oct 29, 2026 / Tyler Durden
The Commercial Real Estate Crisis Is Far From Over
The Commercial Real Estate Crisis Is Far From Over
Submitted by QTR's Fringe FinanceI‘ve been harping on the problems in commercial real estate for years now, and one of the more interesting developments over the last several months has been how little anybody seems to be talking it them anymore.For a while, commercial real estate was supposedly going to bring down the banking system. Then the regional bank failures came and went, the Federal Reserve helped stabilize the financial system, and the market collectively decided that the problem had been...
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Sep 21, 2026 / Tyler Durden
Key Events This Week: Trump-Xi Meeting, Fed Speakers, PMIs And Durables
Key Events This Week: Trump-Xi Meeting, Fed Speakers, PMIs And Durables
After an extremely busy week for central bank decisions, the week ahead brings a mix of economic data, even more central bank decisions, lots of Fed speak, and geopolitical events.
The first read of the September PMIs across the major economies on Wednesday should provide the most timely update on global growth momentum, while investors will also be watching policy decisions from the Norges Bank, Riksbank and SNB on Thursday with their hike probabilities according to futures at 62%,...
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Mar 24, 2026 / Tyler Durden
Chinese Containership Is First To Pay Iran For "Safe Passage" Through Strait As Iraqi Tanker Crosses With Signal Off
Chinese Containership Is First To Pay Iran For "Safe Passage" Through Strait As Iraqi Tanker Crosses With Signal Off
The blockaded Strait of Hormuz is getting progressively less "blockaded" by the day.
Over the weekend we reported that "Iran was Ready To Let Japanese Ships Use Hormuz As Chinese, Indian Tankers Already Allowed Passage." We can now add Iraq to the growing list of nations whose vessels are transiting the infamous Strait.
An oil supertanker hauling two-million barrels of Iraq’s crude got through the Strait of Hormuz, the first vessel observed moving...
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