Michael Burry had placed bearish puts against 800,100 shares of Tesla as of March 31, Bloomberg reports. The position is estimated to be worth $534 million when the bets were…
Ark Invest has termed Elon Musk’s environmental concerns about bitcoin mining as “misguided,” according to the Markets Insider. Analyst Yassine Elmandjra says bitcoin can enhance green-energy revolution and contribute positively…
About 1.85 million passengers were screened at U.S airports on Sunday, according to Yahoo! Finance. The number is the highest since March 2020, suggesting a return to air travel that…
Builder sentiment in the housing market for single-family units remained at 83 in May, according to the National Association of Home Builders press release. Current sales conditions remained unchanged at…
Billionaire investor George Soros acquired stocks that plunged after the collapse of Archegos Capital Management, according to Yahoo! Finance. Through the Soros Fund Management, the investor acquired $194 million worth…
The European and US trade representatives are set to start talks that could remove steel tariffs imposed by President Donald Trump, according to CNBC. The officials seek to find solutions…
AT&T could announce a deal to combine its media entities with Discovery Inc. this week, according to Bloomberg. The tax-friendly transaction is a surprise U-turn, less than three years since…
Bill Gates is thought to have resigned as Microsoft’s board member in 2020 following accusations of an affair with a staff, according to the Wall Street Journal. Board members deemed…
China recorded a 17.7% growth in retail sales in April from last year, according to the National Bureau of Statistics press release. The growth was below the expected 24.9%, a…
Bitcoin plunged to the lowest since February after Tesla CEO Elon Musk said the company may sell its crypto holdings. The world’s largest crypto currency traded at $45,270 as of…
Coinbase will add dogecoin to its platform in the next six to eight weeks, according to the Financial Times. CEO Brian Armstrong says the move aims to catch up with…
Global stocks joined the US futures in Friday climb after Fed calmed inflation fears saying the consumer price increase is only transitory, Markets Insider reports. S&P 500 ticked 0.46% higher,…