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Black Smoke Reported Over Critical Aramco Refinery As Saudis Weigh Major Assault On Houthi Rebels
Black Smoke Reported Over Critical Aramco Refinery As Saudis Weigh Major Assault On Houthi Rebels
Unverified reports and footage circulating on X early Saturday morning appear to show smoke rising from Saudi Aramco's Riyadh refinery. The cause and any impact on operations remain unclear. Separately, Axios reports that Saudi Arabia is preparing a major offensive against Iran-backed Houthis in the coming days. President Trump's comments last week that a bombing campaign against Tehran could resume after the midterm elections add to signs that the Gulf conflict remains far from any...
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Apr 15, 2026 / Tyler Durden
Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360%
Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360%
Just when you thought you’d seen the last of the AI pivot idiocy…
Allbirds (yes, the wool sneaker people) is mooning—up as much as 360%—after announcing it’s ditching shoes and pivoting to, of course, AI. This comes just weeks after agreeing to sell off its brand and footwear business for $39 million, according to Sherwood News.
The plan? Rebrand as “NewBird AI,” raise $50 million, and reinvent itself as a GPU-as-a-Service / AI cloud company. Translation:...
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May 27, 2026 / Tyler Durden
SK Hynix Joins Trillion Dollar Club As Korean Stocks Echo Nasdaq's 1999 Meltup
SK Hynix Joins Trillion Dollar Club As Korean Stocks Echo Nasdaq's 1999 Meltup
The breathtaking rally in South Korean stocks hit a couple of key milestones overnight.
The benchmark Kospi index at one point in the session was up 100% for 2026, rivaling the Nasdaq 100 Index’s 102% surge in 1999 - right before the bubble burst...
Samsung (005930) was up 2.7% and SK Hynix (000660) soared 9.3% rallying to new record highs mainly on three things:
1) overnight backdrop of SOX +5.5% driven by MU +19% strength,
2) launch of leveraged ETF...
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Aug 12, 2026 / Jason Ditz
As Southern Lebanon Villages Erased, Israel Accused of Deliberately Starting Forest Fires
Wednesday saw Israel continuing to attack towns and villages across southern Lebanon, wounding several people in strikes on Mansouri, Beit Yahoun, and Zawtar al-Sharqiyeh. Such strikes are effectively a daily occurrence in those areas. That’s particularly true of Mansouri, which is adjacent to one of the “pilot zones,” and where the growing escalation of Israeli […]
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