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‘The Big Short’ Fame Michael Burry Doubled Estée Lauder Stake Despite Slump, Bet Against Nvidia And Dumps China Stocks Amid Trade War Jitters In Q1
‘The Big Short’ famed investor Michael Burry, who accurately predicted the 2008 housing market crash, has turned bearish on most equities while doubling his stake in cosmetics giant Estée Lauder Companies Inc. during the first quarter, according to 13F regulatory filings with the Securities and Exchange Commission on Thursday. read more
Jensen Huang-Led Nvidia Plans New Shanghai Research Hub To Stay Competitive In China As US Export Curbs Threaten AI Chip Sales: Report
Nvidia plans to open a new R&D center in Shanghai to stay competitive in China’s AI market while navigating strict U.S. export controls that threaten its chip sales. read more
Bitcoin Rises While Ethereum, Dogecoin Slip — ‘Market Isn’t Going To Peak In The Next 6 Months,’ Says Popular Analyst
The world’s largest cryptocurrency continues to dominate the market, representing 62.2% of the total crypto market capitalization, which currently stands at $3.33 trillion. read more
Wall Street Getting Nervous? Magnificent 7 Giants Face $33M Bet Against Them As Market Turbulence Looms
Options activities show a sudden burst in bearish sentiment in the markets, particularly among large-cap tech stocks, following $33 million worth of put options being purchased. read more
Trump Becomes A Grandfather Again As Daughter Tiffany Welcomes Baby Boy Alexander
Tiffany Trump, the youngest daughter of former President Donald Trump, welcomed her first child, a baby boy named Alexander, with husband Michael Boulos, marking the 11th grandchild in the Trump family. read more
Cathie Wood’s Block Sale: Ark Sells Bitcoin Play — See What She’s Buying Instead
On Thursday, Cathie Wood-led Ark Invest executed a notable trade involving Block Inc. (NYSE:XYZ). read more
‘Sounds Familiar?’ Mohamed El-Erian Calls Out Powell’s Déjà Vu On Supply Shocks—Economist Draws Historic Parallels On Fed Chair’s Latest Message
With Federal Reserve Chair Jerome Powell once again raising a similar set of concerns during his speech on Thursday, economist Mohamed El-Erian found it all too familiar and was quick to draw parallels between chapters of economic history. read more
Applied Materials, Cava Group, Coinbase, Quantum Computing, And Meta Platforms: Why These 5 Stocks Are On Investors’ Radars Today
U.S. stocks experienced mixed trading on Thursday, the Dow Jones Industrial Average rose 0.65% to 42,322.75, while the S&P 500 gained 0.41% to 5,916.93. The tech-heavy Nasdaq declined nearly 0.2% to 19,112.32. These are the top stocks that gained the attention of retail traders and investors throughout the day: read more
Chuck Schumer Blasts Trump For Backing AI Chip Sales To Saudi Arabia, UAE: ‘This Deal Could Very Well Be Dangerous’
Senator Chuck Schumer warned that Trump-backed AI chip deals with Saudi Arabia and the UAE could risk U.S. tech secrets falling into China’s hands, undermining national security and export restrictions. read more
