In brief Michael Burry is betting $1.1 billion against Nvidia and Palantir, warning that AI stocks are in bubble territory. His fund holds massive put options, representing 80% of Scion’s portfolio as of September 30. Palantir’s CEO fired back, calling the short “batshit crazy” and dismissing Burry’s logic. Michael Burry, the investor (of “The Big…
A recent letter from OpenAI reveals more details about how the company is hoping the federal government can support the company’s ambitious plans for data center construction. The letter — from OpenAI’s chief global affairs officer Chris Lehane and addressed to the White House’s director of science and technology policy Michael Kratsios — argued that…
Update: The Federal Aviation Administration (FAA) has lifted the ground delay program for incoming flights to Nashville International Airport (BNA®) that was put in place earlier Saturday due to an air traffic control staffing shortage. The restriction, which caused delays for both arrivals and departures throughout the afternoon, had been expected to last until 7:59…
Elizabeth Cooney is a cardiovascular disease reporter at STAT, covering heart, stroke, and metabolic conditions. You can reach Liz on Signal at LizC.22. NEW ORLEANS — A pill designed to further lower cholesterol in people already on statins but at risk of a serious cardiovascular event — their first or a recurrence — reduced LDL…
The longest government shutdown in U.S. history enters its 39th day on Saturday as the Senate extends negotiations into the weekend, and the peak travel season is increasingly at risk. “Of course there’s an impact,” American Airlines CEO Robert Isom told CNBC on Friday when asked about the government shutdown hitting holiday bookings. “Nobody wants…
Getty Images For years, any American kid eying a stable, future-proof job was told to “learn to code.” Now in 2025, anyone who followed that advice faces a painful reckoning: a decade of booming computer science enrollments has created a massive pile-up of graduates entering an abysmal job market. A new report by the analyst…
We’re officially in the month of Black Friday, which will take place on Friday, November 28 in 2025. As always, this will be the best time of the year to shop for great deals, including popular Apple products like AirPods, iPad, Apple Watch, and more. In this article, the majority of the discounts will be…
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.16%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.28%. December E-mini S&P futures (ESZ25) rose +0.14%, and December E-mini Nasdaq futures (NQZ25) fell -0.22%. US stock indexes recovered early losses on Friday and settled mixed. Stocks rebounded Friday…
Whether you steam broccoli on the daily, have a cat who uses the rug as a pee pad or dwell with a housemate who doesn’t seem to understand the concept of showering on the reg (my sincere condolences, BTW), this stench-stifler’s three-stage filtration system can radically improve conditions for your nasal passages. And not only…
A vast data center in Plano, Texas, is a symbol of the enormous AI infrastructure boom that has boosted stock markets and driven U.S. economic growth over the past year. The data center occupies more than 450,000 square feet and cost $1.6 billion to construct and equip. It supplies 30 megawatts of computing power to…
WASHINGTON (AP) — With the combination of the longest government shutdown, the mass firings of government workers and a fresh cut in federal food aid, the Capital Area Food Bank in Washington is bracing for the swell of people who will need its help before the holiday season. The food bank, which serves 400 pantries…
Elizabeth Cooney is a cardiovascular disease reporter at STAT, covering heart, stroke, and metabolic conditions. You can reach Liz on Signal at LizC.22. NEW ORLEANS — A cholesterol-lowering injection that’s been on the market for nearly a decade has now shown its power to cut cardiovascular events in people considered at high risk but who…
U.S. Transportation Secretary Sean Duffy holds a press conference on the impact of the government shutdown on air travel, at LaGuardia Airport in the Queens borough of New York City, U.S., October 28, 2025. Shannon Stapleton | Reuters Commercial air travel in the U.S. will be reduced to “a trickle” ahead of Thanksgiving as a…
My editors asked me not to do this. They really did. All of them. They knew their efforts would be in vain, though, because they know me. They knew once the thought entered my mind there was no stopping me. I was going to try eating the entire Taco Bell Mountain Dew Baja Blast Pie…
With bipartisan congressional talks to end the U.S. government shutdown bogging down on Friday, the hit to the national economy is growing, experts said. “Even if there is a reopening of the government in the next couple of weeks, you’re going to see a visible and permanent loss of economic activity as a result of…
Michael Burry Returns to Target AI Tech Bubble Pinups Nvidia (NVDA) and Palantir (PLTR) – TipRanks.com Advertisement Story Highlights Despite hedge-fund manager Michael Burry’s heavy bets against Nvidia and Palantir, the enduring strength of AI demand, expanding global data centers, and solid energy hedges still make a strong case for staying long — with prudent…
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Cg Tan | E+ | Getty Images Millionaires are increasingly dissatisfied with their wealth managers and accountants, but they prize their personal trainers and therapists, according to a new survey. Only a third of millionaires use a wealth advisor for their financial planning and 1 in 5 plan to fire their advisor due to high costs and poor service,…
Rivian has given its founder and CEO RJ Scaringe a new performance-based stock award that could ultimately be worth around $5 billion if all the underlying goals are met, according to a new filing. Scaringe’s salary is also being doubled to $2 million per year, and he was given a 10% stake in Rivian’s newest…
It’s been a brutal week for tech stocks, with AI-linked names tumbling across the board despite strong earnings from several industry leaders — a clear sign investors are starting to question whether the artificial intelligence boom has run too far, too fast. By midday Friday, the Nasdaq 100 – as tracked by the Invesco QQQ…
Consumer sentiment in the United States has fallen to a near-record low and Americans’ view of current economic conditions has deteriorated under President Donald Trump’s administration, which is overseeing and contributing to price increases, large-scale layoffs, looming insurance premium hikes, and devastating cuts to food aid. The University of Michigan’s closely watched Surveys of Consumers…
Wendy’s is set to close hundreds of locations across the United States. According to CNN, Ken Cook, interim CEO for the fast-food chain, announced Friday that a “mid single-digit percentage” of Wendy’s approximately 6,000 US locations could close, which equals about 200 to 350 restaurants. The closures will begin this year and continue through 2026,…
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Nvidia (NVDA +0.03%) has been the stock of the moment for several years already as its artificial intelligence (AI) chips drive advances in the industry. Nvidia stock is up 1,230% over the past three years alone, and it’s the first stock to reach $5 trillion in value. However, it looks like the future is still…
Consumers may be rattled by inflation and fears about the economy, but that hasn’t stopped them from flocking to Starbucks for the coffee chain’s latest limited offering: a 20-ounce cup shaped like a teddy bear. Starbucks unveiled on Wednesday its “Bearista Cold Cup,” selling for $29.95. The item sold out within hours, with some customers…
(Editor’s note: The future prices of benchmark tracking ETFs, the lede, and headline were updated in the story.) U.S. stock futures turned negative after initial positive moves on Friday following Thursday’s declines. Futures of major benchmark indices were lower. Thursday’s action was part of a broad selloff across Wall Street that saw U.S. stocks settle…
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NEW YORK (AP) — Consumer sentiment dropped to a three-year low and close to the lowest point ever recorded by the University of Michigan one month into the government shutdown, with pessimism over personal finances and anticipated business conditions weighing on Americans. The November survey showed the index of consumer sentiment at 50.4, down a…
Nikita YadavBBC News, Delhi Future Publishing via Getty Images Starting this week, millions of Indians will get one year of free access to ChatGPT’s new, low-cost “Go” AI chatbot. The move follows similar announcements in recent weeks from Google and Perplexity AI, who have partnered with local Indian mobile companies to give users a year…
The Mega Millions jackpot has soared to an estimated $900 million after there was no big winner in the latest drawing. About $843 million was up for grabs in Friday night’s drawing – the eighth largest jackpot in the history of the game. The next drawing is on Tuesday. It will have a cash option…
U.S. airlines canceled more than 2,500 weekend flights by Saturday evening as the Federal Aviation Administration’s mandate to reduce air traffic because of the government shutdown showed no signs of easing. The slowdown at many of the nation’s busiest airports did not cause immediate widespread disruptions. But it deepened the impact felt by the nation’s…
The deal caps a dramatic takeover battle in which Ozempic maker Novo Nordisk gatecrashed an earlier bid © FT montage/Getty Images Pfizer has clinched a deal worth up to $10bn to buy weight-loss start-up Metsera, capping a dramatic takeover battle after Ozempic maker Novo Nordisk tried to gatecrash its earlier bid. After a week-long bidding…
OpenAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure, as the startup explores additional ways the US government can support an industrywide data center build-out for AI. In a letter last week to White House Office of Science and Technology Policy Director…