Michael Burry, the investor who famously bet against the US housing market during the 2008 financial crisis, has turned bearish on Oracle Corporation (NYSE:ORCL). Burry announced his ownership of put options on Oracle shares in a Substack post after the markets closed last Friday. He also disclosed…
Anthony Scaramucci, a prominent political figure, recently expressed his strong opposition to a hypothetical U.S. invasion of Greenland, citing potential severe consequences. In a post on X on Sunday, Scaramucci outlined his concerns about a potential U.S. invasion of Greenland.…
The $200 billion club is beginning to look quaint as tech titans ride the wave of AI to unprecedented wealth heights. A recent report revealed that Amazon (NASDAQ:AMZN) founder Jeff Bezos and Alphabet (NASDAQ:GOOGL) co-founders Larry Page and Sergey Brin are inching closer to the $300 billion mark,…
Billionaire Mark Cuban underscored the critical role of artificial intelligence in the business world, saying that while it is “stupid,” it “remembers everything.” Cuban highlighted the importance of AI during a call with Clipbook founder Adam Joseph. He stated, “There’s going to be two types…
Elon Musk once shared his inspiring journey from a 17-year-old immigrant with just $2,000 to becoming a billionaire. In 2018, Musk took to X, earlier known as Twitter, to share his early struggles and triumphs. He disclosed that he arrived in…
President Donald Trump has put a stop to the flow of Venezuelan oil and financial aid to Cuba, urging Havana to negotiate a deal with Washington. Trump’s move comes amidst escalating tensions between the U.S. and Cuba, a long-standing adversary. Venezuela, which…
Ethereum Co-founder Vitalik Buterin, has recently voiced his concerns regarding the structural issues present in decentralized stablecoins, indicating that the crypto sector has not yet addressed these problems. Buterin has identified three main challenges in a post on X on…
These ten large-cap stocks were the worst performers last week. Are they a part of your portfolio? Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL) lost 11.57% this week. First Solar, Inc. (NASDAQ:FSLR) lost 14.46% this week after Jefferies downgraded the stock from Buy to…
Last week Wells Fargo begun to amass Bitcoin (CRYPTO: BTC) in substantial amounts. This development has elicited reactions from the cryptocurrency community, including a response from Changpeng Zhao, the founder of Binance. Wells Fargo’s decision to purchase large quantities of…
After two years of strong inflows, AI-focused exchange-traded funds (ETFs) are entering a tougher phase. Broad exposure that once amplified gains is now leaving investors concentrated in a small group of dominant tech stocks. Jack Fu, chief executive of Draco…