Breaking News: Investing
Michael Burry says the market today feels like ‘the last months of the 1999-2000 bubble’
Michael Burry attends “The Big Short” New York screening Ziegfeld Theater on Nov. 23, 2015 in New York City. Astrid Stawiarz | Getty Images Michael Burry of “Big Short” fame is warning that the stock market’s fixation on artificial intelligence is beginning to resemble the final stages of the dot-com bubble. “Absolutely non-stop AI. Nobody […]
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Anthropic’s Mythos set off a cybersecurity ‘hysteria.’ Experts say the threat was already here
Dario Amodei, co-founder and chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images Global banks, tech giants and governments were sent scrambling last month to contain the risks posed by Mythos, the Anthropic model said to be so […]
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Coinbase posts steep first-quarter loss after slide in crypto prices, shares fall 4%
Coinbase posted lower-than-expected results for the first quarter as crypto prices fell, weighing on one of the companies’ major revenue drivers — spot trading in digital assets . Here’s how Coinbase performed in its quarter ended March 31, compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per […]
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Ryan Cohen’s mysterious bank letter backing GameStop’s eBay bid reveals a big issue with deal
Key Points Earlier this week, GameStop made a bold offer to buy eBay for $56 billion. The video game retailer said that it has lined up a $20 billion financing commitment from TD Securities. A key condition in this financing letter from TD Securities would require the combined entity to maintain an investment-grade credit profile, […]
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Whirlpool says Iran war causing ‘recession-level industry decline.’ The shares are down 20%
Whirlpool shares tumbled Thursday after the iconic appliance maker warned that the war in Iran triggered a severe downturn, underscoring how sharply higher fuel prices and collapsing consumer confidence are beginning to weigh on big-ticket purchases. “War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and […]
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SpaceX and Anthropic mega-IPOs could mark end of bull run, Bank of America suggests
The SpaceX and Anthropic mega-IPOs may not be the boon to the stock market investors think they’ll be. Wall Street has been rolling out the red carpet for some of the most eagerly anticipated public debuts in recent memory — helped along by the Trump administration’s initiative to deregulate public and private markets to “make […]
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Apollo CEO Rowan warns of market correction, slams ‘egregious’ practices at rival insurers
Marc Rowan, chief executive officer of Apollo Global Management LLC, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, U.S., on Tuesday, April 5, 2022. Jeenah Moon/Bloomberg via Getty Images Jeenah Moon | Bloomberg | Getty Images Apollo Global Management CEO Marc Rowan on Wednesday warned investors that […]
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Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging
Key Points Uber and Disney pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips. “The consumers are spending, they’re spending locally, and we don’t see any signs of that weakening at this point,” CEO Dara Khosrowshahi said. Source
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Bitcoin treasury firm Strategy breaks from ‘never sell’ approach to the flagship crypto
Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Friday, July 26, 2024. The conference is an annual event organized by BTC Media LLC for fans of the original cryptocurrency. Photographer: Liam Kennedy/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Strategy’s latest earnings release marks a […]
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Aluminum prices are surging. Here’s how companies are handling the costs
A can of Coors Light beer and a Ford F-150 pickup truck. Gabby Jones | Bloomberg | Brandon Bell | Getty Images Aluminum’s surge to multiyear highs in the wake of the Iran war is creating cost pressures for the businesses that manufacture everything from cars to beer cans. Aluminum on the London Metal Exchange […]
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