Michael Burry — the famed “Big Short” investor — has shifted his criticism from the AI boom to Tesla, calling the automaker “ridiculously overvalued” in a new post on his Cassandra Unchained newsletter. Key Points The famed contrarian investor is once again sounding alarms — this time targeting the heart of the EV and AI...
Hedge funds have built their largest short positions since 2023 on UK companies heavily exposed to the domestic economy, according to a Goldman Sachs client note.The positioning shift comes just before Finance Minister Rachel Reeves’ budget, expected to include £35 billion in tax increases, which could pressure consumer demand and slow economic momentum. 🔻 Key...
SoftBank plans to invest up to $3 billion to overhaul an EV factory in Lordstown, Ohio, transforming it into a manufacturing hub for equipment used in OpenAI’s next-generation data centers, The Information reported. The upgraded plant will supply data centers in Milam County, Texas, and other locations, aligning with SoftBank’s aggressive pivot into AI after...
After a week of sharp outflows, U.S. equity funds saw renewed investor demand through October 15, signaling a rebound in risk appetite amid Federal Reserve rate-cut optimism and strong Q3 corporate earnings. 💵 Key Flow Highlights: 📊 Earnings-Driven Optimism:Stronger-than-expected results from Morgan Stanley (MS) and Bank of America (BAC) reinforced investor confidence despite trade tariff...
Stablecoin issuer Figure Technologies has increased both the size and price range of its IPO, now targeting $20–$22 per share and 31.5 million shares, potentially raising $693 million and valuing the company at $4.66 billion. Trading is set to begin on Nasdaq under the symbol FIGR this Thursday. Co-founded in 2018 by tech entrepreneur Mike...
As part of an official state visit by His Majesty Sultan Haitham bin Tariq al-Said to Algeria, the Oman Investment Authority (OIA) and Algeria’s Ministry of Finance have signed a preliminary agreement to establish a strategic investment fund valued at OMR 115 million (approximately USD 298.79 million).According to OIA, the fund will target key sectors...