Bluesky Exodus? Nikita Bier Says Users "Coming Back To X In Droves" And "Very Angry"

Archegos 2.0? Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up Update (1130ET): The Wall Street Journal reports that Situational Awareness, the highflying artificial-intelligence-focused hedge-fund firm, sold the bulk of its stock portfolio to Ken Griffin's investment firm Citadel after suffering deep losses, according to people familiar with the matter. *  *  * Update (1000ET): Situational Awareness has exited all of their public investments, CNBC’s David Faber reports on air, citing people familiar with the situation. Faber reports that the liquidation was done “through one enormous trade." Roughly two-thirds of the assets...

'The Suicide Of Europe': Historic EU Migration Pact Goes Into Force Today As Fracture-Lines Grow Via Remix News, Six years ago, in 2020, French political leader Marine Le Pen described the Migrant Pact, which was then in the planning stages, as the “suicide of Europe.” She said it would bring 60 to 70 million new migrants to Europe, as Remix News reported at the time. Europe is about to find out just how prophetic its critics have been. On June 12, the highly contested EU Migration Pact officially came into force, instantly triggering a...

US Removes Sanctions On Iranian Oil Stranded At Sea To Boost Overall Supply On Thursday, Scott Bessent told Fox News that the US is considering unsanctioning Iranian oil, thereby making the 140 million barrels stuck on Iranian tankers, available to any buyer in the world and not just China, to ease the supply-chain bottlenecks that emerged after the Strait of Hormuz was blocked. In doing so, another formerly sanctioned US nemesis would be allowed free access to global markets, after Russia received a similar "temporary" permit a week earlier.  "In the coming...