Articles

Michael Burry challenges the AI trade with big short bets on Nvidia and Palantir

Michael Burry, hedge fund manager of “The Big Short” fame, is calling the top in two of the stock market’s favorite plays — and somewhat contradicting himself in the process.

Quality of life, even more than affordability, elevates this city to the best place to retire

This Midwest locale nabs the top spot for retirees, but Florida and Texas still prove popular.

Bitcoin falls below a key level. The crypto may head toward $94,200 next.

Bitcoin has broken below an important technical level, which could signal further downside for the crypto, one analyst says.

Dan Loeb bet on these international AI stocks, adding to winning Nvidia and TSMC plays

Third Point looked overseas to find a cheaper way to play the memory-chip boom.

Sarepta’s stock plummets as disappointing trial data raise questions on DMD drug’s success

Sarepta’s stock sank after studies of Duchenne muscular dystrophy treatments failed their primary endpoints.

Novo Nordisk’s Wegovy could soon have a new sales outlet in the U.S.

Telehealth company Hims & Hers says it is in “active discussions” with Novo Nordisk about selling Wegovy.

Starbucks to sell control of China business to private equity. Here’s how much the stake is worth.

The U.S. coffee-shop chain is forming a joint venture with Boyu Capital, with Boyu holding 60% interest in the company’s retail operations in China. Starbucks will retain the other 40% and continue to own and license the Starbucks brand and intellectual property in the new entity.

This chart shows the risk of an AI bubble is growing, says a stalwart stock-market bull

The largest companies have seen their weighting in the S&P 500 rise more quickly than their share of total earnings

This media and internet company says Google’s AI has been a revenue killer

IAC’s media brands include instantly recognizable names such as People magazine, and its advertising side got hurt in part because of Google AI Overviews.

AMD earnings: Here’s what’s needed to keep the stock rally going

When AMD reports earnings Tuesday, investors will be looking far beyond the latest quarter at clues about the MI450 series.

Paramount renews deal with Jon Stewart as ‘Daily Show’ host amid upheaval at company

Jon Stewart has agreed to a one-year extension of his contract to host Comedy Central’s ”The Daily Show.”

‘Champagne bottles had stopped popping.’ Why OPEC+ is making a move to ease an expected global oil glut.

Major oil producers have little reason to celebrate with crude prices down by more than 10% so far this year and market forecasts for the biggest global supply surplus on record.
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