Latest Updates Around The World
Michael Burry, famed investor of The Big Short, took aim at electric car maker Tesla in a blog post, saying the Elon Musk-led company is “ridiculously overvalued”, days after expressing concerns about the current AI boom. Burry estimated that Tesla dilutes its shareholders by about 3.6% per year without buybacks, and Musk’s record-breaking compensation package […]
U.S. stocks rose in thin trading volume Friday in a shortened post-Thanksgiving session, driven by retail gains and a rebound in technology stocks. Expectations for a Federal Reserve rate cut in December strengthened throughout the week, supporting stock market sentiment. The Dow Jones Industrial Average rose 0.61% to 47,716.42 points, the S&P 500 gained 0.54% […]
