Norwegian Sovereign Wealth Fund has made its first investment in a battery storage firm, taking a 10% stake of Aypa Power for USD 300mln
Employees and journalists at Israel's President's residence have reportedly been instructed to lock themselves in rooms following an unspecified incident
Shopify ( $SHOP ) storefronts reportedly hit by cyberattacks which redirected some shoppers to fake checkout pages
Washington has approved the draft memorandum of understanding that the Qatari delegation presented to Iran yesterday
Iranian lawmaker Moghadam says the Defence Ministry and IRGC are ready to produce missiles with a range of 6,000km initially, with plans to extend their range to 10,000km, 12,000km and 15,000km to reach US territory
Yemeni Houthi military spokesperson says the group carried out a drone strike on Abha International Airport, disrupting air traffic, and a ballistic missile strike on Khamis Mushait Air Base, claiming direct hits on both targets
WallStreetBets & Co. retweeted
Long post worth the read. I have a close friend who flies private jets. He flew Lear 60 for over 15 years and now flies a Gulfstream. This is a copy and paste of his response to me asking him if I thought Ice was the issue.
“We always fly in ridiculous cold temperatures.”
“Usually you get the bad ice when the temperatures are like 0 to negative 20. Believe it or not, there's a point where it gets too cold for ice. At negative 40, you pretty much can't get ice. Besides that, the airplane is equipped with hot wings and hot tail.”
“I flew the Lear 60 for like 15 years. It's a no joke airplane and probably the most dangerous airplane I've ever flown. It has a super critical wing. The airflow has to be perfect. When it gets into rough air and turbulence, it will easily stall. It has stalled on me at 41,000 feet just because we got into some turbulence. (On the way to Palm Beach as a matter of fact. ) we recovered and got her flying again around 30,000 ft. Scary
But here's the problem. This airplane has a terrible coffin corner. (At high altitudes) what that means is, you fly in a really narrow window where if you lose 20 knots, it stalls. And if you gain 20 knots, it goes into overspeed. The air goes supersonic over the wing and it goes into a high speed stall, or worse, a Mach tuck.
So if you stall, the normal recovery is to push the yoke forward to lower the nose and gain air speed again. At low altitude, you can push really hard and recover quickly. But in the 60... if you push hard, it will gain air speed and go into a high speed stall, it doesn't take much. It's very sensitive. The 60 has super short wings that don't make much lift. So then you high speed stall, and the computer is yelling at you... OVERSPEED! So then you pull back and enter a low speed stall. And you go back and forth trying to keep it in the air speed window.
This whole thing is pretty scary. And you should recover basically by using your finger tips using super small corrections. You can't over do it. If you try to muscle the recovery, she gets mad and will become unrecoverable. If she enters a mach tuck. You're done.”
“I taught the Lear 60 to other pilots and mentored them. I told them... this airplane has a soul and it's trying to kill you. Do not ever try to top the weather. Don't go over a thunderstorm. Go around it. If it means a half hour longer, then do it. Going over the thunderstorm will go into turbulence that you might not recover from.
These pilots went right over a thunderstorm. I think it stalled which caused them to drop down into the thunderstorm and ended up in mach tuck. They picked up so much speed that it ripped off the horizontal stabilizer. At that point... chuck Yeager can't fix it.
These same pilots did something similar a couple months ago. ATC got mad at them. They poked the bear one too many times.
This is not a beginner airplane. The Gulfstream would never do this. It has HUGE margins of error and won't stall like that. But then again... it's got HUGE wings. It's a pussy cat.
The Gulfstream is like driving a 4 wheeler. The Lear 60 is like riding a uni cycle.”
With the recent Binance hack, of over $6bln
The SAFU fund may not be enough to cover losses, however if Binance sells their SpaceX ( $SPCX ) shares they could net over $1bln
WallStreetBets & Co. retweeted
The US junk bond market is under severe pressure:
The effective yield on US CCC-rated and lower-rated high-yield corporate bonds is up to 18.0%, its highest level since the 2020 pandemic.
This figure has surged +500 basis points over the last 6 months, marking its largest 6-month increase since the 2022 bear market.
For perspective, this yield peaked at 45.0% during the 2008 Financial Crisis.
Meanwhile, credit spreads for CCC-rated and lower corporate bonds over Treasuries are up to 13.4%, the widest gap since July 2020.
Over the last 6 months, this gauge has risen +464 basis points, surpassing the 2022 bear market peak of 12.8%.
Cracks are widening beneath the surface of the credit market.
It’s tragic that people still think what people on social media/online say is real
“A coworker of mine who once called Elon a Nazi finally said he scheduled to test drive a Model Y yesterday after he learned that I own 2 of them”
🤣🤣🤣
WallStreetBets & Co. retweeted
AI is creating the threats. Cybersecurity is cashing in.
zerohedge.com/the-market-ear…








