"These Shell Companies Were Obvious": Bessent Gives Nvidia Board 10 Days, Wants Outsider To Replace Huang

Crypto Industry On Track To Surpass 2024 Spending On Texas Midterms Crypto super PACs scored big in the 2024 midterms, backing 53 of 58 candidates who won seats in Congress nationwide - including four from Texas. (Azul Sordo/The Texas Tribune, Azul Sordo/The Texas Tribune) This cycle, the same groups are pouring money into a fresh slate of Texas contenders and are on track to exceed their 2024 spending levels in the state, according to KSAT.  Two major PACs - Defend American Jobs and Protect Progress - have already committed more than $2.5 million to...

Trump Threatens 'Big Problems' For Gasoline Retailers If They Don't Cut Prices Authored by Tom Ozimek via The Epoch Times, President Donald Trump on Tuesday demanded that gasoline retailers immediately lower prices at the pump, warning of “big problems” if they fail to pass along the benefits of falling crude oil prices to consumers. In an early-morning post on Truth Social, Trump said gasoline prices remain too high despite U.S. crude oil trading at about $68 a barrel and continuing to decline. “Gasoline Retailers must get their Prices down, IMMEDIATELY!” Trump wrote. “They’re too...

"In Uncharted Waters": The SpaceX Lockup Expiration Begins SpaceX shares are hovering near record lows after the company's first earnings report as a publicly traded company beat expectations. However, as we noted Tuesday, Thursday's first lockup expiration is likely the more significant near-term catalyst than earnings. The first insider share lockup expires today and more than doubles the float from about 639 million to 1.55 billion. That means about 911.5 million shares of new supply are inbound for the market. HSBC analysts Nicolas Cote-Colisson and Charlie Rothbarth recently mapped out the...