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It was crowned ninth-best burger in the world.

Eury Pérez will help lead the host Marlins past the Rangers on Wednesday afternoon, Stitches predicts.

Lionel Messi sits atop the 2026 FIFA World Cup Golden Boot race with five goals after two matches. Here's where Kylian Mbappé, Erling Haaland, Harry Kane, Cristiano Ronaldo and the tournament's top scorers stand.

Next up for Zoey Deutch, fresh off becoming America's sweetheart: a very silly sexy comedy!

Newsom’s economic disclosures reveal a sprawling booze empire spanning Napa, Tahoe and San Francisco.

The sports reporter was one of the highest-paid journalists at the Athletic, which was purchased by the New York Times in 2022 for $550 million.

The sports reporter was one of the highest-paid journalists at the Athletic, which was purchased by the New York Times in 2022 for $550 million.

Maureen O’Connell shared her prediction with "Megyn Kelly Show" listeners on Tuesday that the "floodgates shall swing open" soon.

Maureen O’Connell shared her prediction with "Megyn Kelly Show" listeners on Tuesday that the "floodgates shall swing open" soon.

Eric Adams' former top adviser and a number of ex-NYPD were raided by the feds on Wednesday morning as part of multiple separate corruption probes into the department and the Brooklyn power broker, Frank Carone.

Chip Party Must Go On: SK Hynix To Raise $29 Billion In US Listing

About two days after a Chosun media report from South Korea sparked a global sell-off in memory stocks and triggered a 10% crash in the Kospi, a new report states that memory giant SK Hynix is planning a massive $29.4 billion US listing. This move will test investor appetite for another mega AI-linked offering and demonstrate whether markets can absorb another massive listing weeks after the SpaceX IPO.

Bloomberg reports the offering would be the largest U.S. listing by a Korean firm and the biggest ever via American Depositary Receipts, easily exceeding Alibaba's $25 billion 2014 debut.

The offering is being led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan. SK Hynix is at the center of the AI infrastructure buildout, serving as one of the top suppliers of high-bandwidth memory chips used in AI chip stacks at data centers.

The listing gives SK Hynix access to a much broader and more liquid US investor base, which could help narrow its valuation discount to Micron - similar to how TSMC's ADR listing attracted global flows and sustained a premium valuation.

UBS analyst Nicolas Gaudois's first take on the news:

Headline:

ADR listing targeted 10 July, to raise up to Won45tn, 17.8m shares (1 to 10 ADRs; 2.5% of outstanding).

Our Take:

Size/timing in line with investor expectations. We expect SKH to buy back shares to maintain SK Square ownership >20% (currently 20.5%). We believe SKH will continue to buy back and possibly issue some in the US to provide more liquidity over time.

CLSA Analyst Sanjeev Rana said the US listing of SK Hynix will help boost liquidity in the stock and propel a further rally.

"If they can get at least a valuation multiple similar to Micron, for example, then the local shares also need to reflect that, so that kind of expectation is there," Rana said. "I wouldn't be surprised if this rally continues."

Pictet Asset Management analyst Jon Withaar said, "A large part of the motivation behind this is no doubt the success of TSMC ADR which is very liquid, trades at a persistent premium to the Taiwan line and is accessed readily by globally investors."

"While we might see some sell on the news, the news is overall positive for SK Hynix," said Kevin Net, head of Asian equities at Financière de l'Echiquier. "The listing will help SK Hynix receive more funding for further investment, and it will also drive higher probability for more shareholders return and reduce valuation discount to Micron."

Meanwhile on Tuesday:

• Ahead Of The Korea Open: Goldman Warns More Selling On Deck, As Everyone Dumps On Retail
• Korea Crashed: Goldman Explains What Happened And Why It Matters

Surging demand for HBM chips has sent SK Hynix shares in Seoul soaring, with retail investors piling into chip trades. The stock has climbed about 306% this year, pushing the company's market value above $1.2 trillion.

To keep that momentum alive, SK Hynix now appears to be turning to the US investor pool. Its planned US listing, expected to begin trading on July 10, would certainly provide a more direct way to buy into the HBM boom.

Tyler Durden Wed, 06/24/2026 - 07:45

Gen X and Baby Boomers account for almost half of all broken marriages in the US, in a trend known as "gray divorces."

Senator Rand Paul vows to bring Anthony Fauci to justice for his deadly COVID funding and coverup. Paul also tells Miranda why Democrats brought in illegal migrants seeking welfare, not a job. And he suggests Barack Obama could face justice for leading the Russiagate hoax.

Tanker Owners Having The Best Week Of The Hormuz Crisis As VLCC Rates Soar

By Julianne Geiger of OilPrice.com

The Strait of Hormuz may be reopening, but don't tell tanker owners the crisis is over. They're making too much money.

As Middle Eastern producers scramble to move crude that has spent months stranded in the Persian Gulf, tanker rates have exploded higher, turning a slow return to normal into a windfall for shipping companies.

According to Reuters, the cost of hiring a tanker in the Gulf has nearly doubled in just a week, jumping from around $106,000 per day to more than $190,000 per day. For some very large crude carriers (VLCCs) hauling cargoes through Hormuz, daily earnings have surged to nearly $470,000—a level that would have seemed absurd before the war began.

Oil prices have spent much of the past week falling as traders price in the return of Middle Eastern supply, with Brent futures trading at $77 on Tuesday afternoon. Meanwhile, the people actually moving that oil are charging some of the highest rates seen during the entire crisis.

There still aren't enough ships.

Even after Iran lifted its effective blockade last week as part of the 60-day ceasefire agreement with the United States, traffic through Hormuz remains well below normal levels. Before the war began in late February, roughly 125 ships passed through the chokepoint each day. Current traffic remains a fraction of that.

At the same time, roughly 100 tankers are still trapped inside the Gulf carrying cargoes loaded during the conflict.

Now producers want their barrels moving again.

Abu Dhabi's ADNOC has been aggressively marketing crude cargoes, while refiners in major importing nations such as India are seeking additional Middle Eastern supplies after months of disruption. The result is a sudden surge in demand for ships just as vessel availability remains unusually tight.

The futures market has largely moved on from the crisis, but the shipping market clearly hasn't.

Until more vessels begin moving through the world's most important oil chokepoint, tanker owners may remain among the biggest winners of a conflict that cost almost everyone else dearly.

Tyler Durden Wed, 06/24/2026 - 07:20

Trump spoke out after Claire Valdez, Darializa Avila Chevalier and Brad Lander won their primary races.

Democrats were shocked when a trio of anti-Israel, socialist candidates backed by Mayor Zohran Mamdani swept Tuesday’s New York House Primary races.

The five G-men secretly coordinated with the hot spot’s staff to keep tabs on the sick suspect.

Every week, The Post will bring you our picks of the best one-liners and stories from satirical site the Babylon Bee to take the edge off Hump Day.

"I was pulled over for accelerating while passing another vehicle on a highway in Idaho," Miller wrote on Instagram Tuesday night in a post titled "Statement."

Rheinmetall Plunges After Germany Scraps Warship Order

Rheinmetall shares plunged as much as 17%, the largest intraday drop in more than a year, after the Financial Times reported that Berlin has scrapped a multi-billion-euro program to build six F126 frigates.

The German Ministry of Defense told FT on Wednesday that the decision was due "to significant delays in the project, foreseeable cost increases and the risks that would have been associated with a change of main contractor," adding that changing the contractor would have added even more costs but also required the government to contractually "waive potential claims for damages against the previous contractor".

The ministry noted that it now plans to procure eight MEKO-200 frigates from TKMS instead. "Sea-based anti-submarine warfare is of the utmost importance within NATO and is therefore also a national priority," it said.

TKMS shares in Germany jumped 10% on the news.

Morgan Stanley analyst Marie-Ange Riggio said the report was a surprise, especially because Rheinmetall had been confident it would secure the contract before summer.

Riggio said it raises questions about German defense procurement visibility and Rheinmetall's near-term naval ambitions, but it should not materially affect current guidance because deliveries were not expected until 2031, leaving a limited impact on 2030 targets.

Here is Citi analyst Charles Armitage's first take on the news:

It has been widely reported (Bloomberg, 24/6/26, here) that Germany will cancel the F126 frigate program (and buy 8 MEKO frigates from TKMS instead, 4 more than previously). We have been cautious of Rheinmetall's ability to ramp Naval sales up to Eur5bn by 2030 and forecast Eur2.5bn sales in 2030 (see Figure 38 of our initiation report, which also gave Eur115 of further upside if Eur5bn sales were to be obtained) – following the reported cancellation, this seems more likely (with our existing group forecast of Eur37bn sales in 2030 also looking more valid).

Two points: 1) our valuation of Eur1,000-1,100 per share for the non-ammunition business still stands, plus Eur300-500 per share for the ammunition, giving our Target Price of Eur1,408, which remains valid; 2) that said, the incremental news today would appear to call the Naval targets into question – suggesting an estimated ~Eur115 downside risk to the share price.

Barclays analyst Afonso Osorio says, "This comes as a surprise, weighs on sentiment, and raises questions about how quickly defense spending will evolve."

Tyler Durden Wed, 06/24/2026 - 06:55