Finance Foggle

Key Takeaways Kohl’s stock surged 38% in a single day—peaking at 105% intraday—triggering a NYSE trading halt. Opendoor  skyrocketed 300% over six sessions before a 10% correction . Both stocks share critical weaknesses: Kohl’s faces declining sales and CEO turmoil, while  Opendoor  has never turned an annual profit . 49% of Kohl’s available shares are shorted—fueling a potential short squeeze as retail traders swarm. Analysts label this a “mini-bubble,” warning it signals excessive market froth . The Halts and the Howling The New York Stock Exchange froze Kohl’s stock at 9:42 AM. Shares had just doubled—$21.39 from $10.70—on zero news. Zero earnings. Zero hope. Trading desks blinked. Floor veterans coughed into stale coffee.  Kohl’s  hadn’t touched $20 since August 2024 . By close, it settled at $14.34. A 37% gain. Enough to incinerate $260 million from short sellers in hours . Volume hit 184 million shares. Twenty-five times the norm . Kohl’s Rotting Core Kohl...

  Key Takeaways $270M Parking Lot : Tilman Fertitta’s prime Las Vegas Strip land sits as a QR-code-operated parking lot charging $14.99 for 3 hours, three years after its $270M acquisition . Ambassadorial Shift : Fertitta abandoned development after Senate confirmation as U.S. Ambassador to Italy forced his resignation from Landry’s and Fertitta Entertainment to avoid conflicts of interest . Stalled Megaproject : Approved plans for a 43-story resort (2,420 rooms, 2,500-seat theater, spa) missed construction deadlines; extension granted until October 19, 2025 . Strategic Land Play : The 6-acre plot faces luxury mall Shops at Crystals and neighbors Eli Gindi’s BLVD complex—Gindi publicly eyes acquisition: “Maybe he’ll sell it to us” . Passive Ownership : Fertitta retains ownership of the Houston Rockets and passive stakes in his empire (Golden Nugget casinos, Landry’s restaurants) while drawing diplomatic salary . Dust and Dollars: The $270 Million Parking Lot Las Vegas Boulevard shi...