‘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
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
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
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
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
On Thursday, Cathie Wood-led Ark Invest executed a notable trade involving Block Inc. (NYSE:XYZ). read more
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
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
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
