Wall Street analysts raised concerns about Palantir’s elevated valuation and famed hedge fund manager Michael Burry revealed a short position.… MORE
Category Archives: Top News
Alex Karp blasts ‘Big Short’ investor Michael Burry as ‘bats— crazy’ for bets against Palantir, Nvidia
“The idea that chips and ontology is what you want to short is bats— crazy,” Alex Karp said.… MORE
Crypto sell-off pushes bitcoin below $100,000, ether sheds 10%: CNBC Crypto World
On today’s episode of CNBC Crypto World, bitcoin drops below $100,000 for the first time in more than four months as the November crypto sell-off continued. Plus, Sam Bankman-Fried’s legal team argued for a retrial before a federal appeals court. And, Bitwise CIO Matt Hougan discusses how the Bitwise Solana Staking ETF has performed in…… MORE
Pure EV automakers Rivian, Lucid face growing challenges amid Q3 results
Both automakers have already cut vehicle production guidance, while Rivian also has negatively changed its adjusted earnings and gross profit expectations.… MORE
Bitcoin falls below $100,000 for the first time since late June
Cryptocurrencies retreated Tuesday as investors continued to flee risk-on assets.… MORE
Trump suggests U.S. won’t pay any SNAP benefits during shutdown, contradicting court filing
Prior presidential administrations have continued paying SNAP benefits during past shutdowns of the U.S. government.… MORE
Stocks drop on rising fears about AI stock valuations, Palantir leads decline: Live updates
Stocks fell, pressured by declines in artificial intelligence-related names like Palantir as investors grow concerned about valuations.… MORE
Papa John’s sinks nearly 20% on report Apollo withdrew its offer to take chain private
Shares of pizza chain Papa John’s sank nearly 20% on Tuesday following a report that Apollo Global has withdrawn its offer to take the chain private.… MORE
Amazon-backed eVTOL company Beta Technologies debuts at $34 on NYSE
Beta’s IPO marks a big step for the electric vertical takeoff and landing industry that’s been vying for approval from the Federal Aviation Administration.… MORE
Job openings in October slumped to the lowest level since February 2021, Indeed measure shows
Under normal conditions, the BLS on Tuesday would have reported its monthly Job Openings and Labor Turnover Survey.… MORE