Scion Asset Management founder Michael Burry is known for betting against the housing market during the 2008 financial crisis. The trade, which netted him $700 million, was chronicled in the award-winning film Big Short. His contrarian approach and unique foresight also prompted trades like buying water assets, forecasting future scarcity, and investing in GameStop before … Read more
The AI-driven market rally is navigating a big selloff amid weak US jobs and Q2 earnings reports, rising geopolitical tensions that threaten global supply chains, and a lack of clarity on how massive investments in AI translate to profit for investors and end-users. It is natural for investors who witnessed over 700% gains from just … Read more
Former hedge fund manager and host of the CNBC show “Mad Money,” Jim Cramer, strives to help people think like professional investors and, in early July, named several companies that can reach a market capitalisation of $1 trillion. Cramer nominated pharma giant (1) Eli Lilly (NYSE: LLY) and (2) EV maker Tesla (NASDAQ: TSLA) as … Read more
The Cboe Volatility Index (VIX) jumped to a three-month high of 18.46 yesterday as the Q2 earnings season began with lacklustre reports from Tesla and Alphabet, triggering a sell-off in the US stock market. The VIX, or the fear gauge, measures the demand for protection against stock fluctuations. The S&P 500 dropped 2.3%, while the … Read more
Warren Buffett’s time-tested stock market valuation indicator reached an all-time high of 200% last week, surpassing a peak of 197% in November 2021. This implies that US stocks may be extremely overvalued. Shortly after the “Buffett Indicator” peaked in November 2021, the stock market entered a bear market. The indicator divides the total market capitalisation … Read more
Representative Marjorie Taylor Greene, serving Georgia’s 14th congressional district, is also a member of the Oversight and Reform Committee and the Homeland Security Committee. She is known for making several profitable investments over the years. According to data from Quiver Quantitative, Greene’s estimated net worth is $22.15 million, and she maintains a diversified portfolio of … Read more
According to a PriceWaterhouseCoopers study, AI could contribute over $15.7 trillion to the global economy at the end of the decade, where $6.6 trillion is estimated to come from enhanced productivity and $9.1 trillion from consumption-side effects. AI’s ability to learn without human intervention and eliminate redundant tasks has driven high demand for the technology … Read more
Amazon Prime Day (July 16 and 17) is set to bring exceptional deals across millions of products with discounts of up to 50% from top brands. While many are expected to spend hundreds, if not thousands, on shopping—an Amazon Prime Day investment challenge has recently gone viral and aims to counter one’s spending and boost … Read more
 "Why is it so difficult to lose weight? ‘Fat cells’ may be the reason – Firstpost")
