Free Republic

Hedge fund Melvin Capital closed out its short position in videogame retailer GameStop Corp., CNBC reported Wednesday. Fund manager Gabe Plotkin told CNBC's Andrew Ross Sorkin that the position was closed out Tuesday afternoon following a huge loss. Shares of GameStop have soared more than 600% in January after retail investors, organized via Reddit's WallStreetBets forum and other platforms, sought to push up a handful of heavily shorted stocks. Hedge funds Citadel and Point72 infused nearly $3 billion into Melvin Capital to shore up the fund, news reports said earlier this week. Plotkin told CNBC that speculation the fund would...

It was recently reported that US President Donald Trump wants to buy Greenland, but what would he actually be getting for his money? Umar Ali takes a look at Greenland’s mineral resources, whether they are worth mining, and why the US could want them. The Kvanefjeld project Greenland currently only has one major mining project, the Kvanefjeld rare earth project launched in 2007. The project is centred on the Ilimaussaq alkaline complex in southwest Greenland, measuring approximately 8km x 15km, it is being developed by Australian company Greenland Minerals. The Kvanefjeld project is thought to be one of the world’s...

Yesterday’s eclipse captured major attention across America as those in its direct pathway saw nighttime in the middle of a hot summer’s day. It was the first time in nearly a century for an eclipse over the entire nation. There is an even rarer and most unpleasant solar event that last occurred in 1859, almost happened again in 2012, and will certainly happen again in the future—possibly in the near future. We are unprepared and courting a disaster when it does occur. The NASA map below shows the pathway for viewing the total eclipse across America. I was privileged to...