“Big Short” investor Michael Burry has swapped his Alibaba stake for a rival and said the Chinese tech giant’s latest fundraising has left him unwilling to buy back in. On Sunday, Burry wrote in a Substack post that he recently moved his entire Alibaba position into JD.com, increasing his stake in the rival Chinese e-commerce
One of the hottest debates in the energy industry right now is how much oil is actually coming out of the Persian Gulf, and the answer could determine how long the Iran war lasts. Iran insists the Strait of Hormuz is closed and that it has control of the narrow waterway, which saw 20 million
This as-told-to essay is based on a conversation with Ruth Olinger, 70, who is raising her grandson on her own in Lakeland, Florida. Olinger had earlier fostered dozens of children and did mission work. Now, Olinger said she can’t retire and paid over $10,000 for her son’s day care. This interview has been edited for
When Luis Manuel Aviles was arrested by immigration authorities, his son was entering his ninth month on the USS Abraham Lincoln with the Navy— a vessel that set a U.S. military record for uninterrupted time at sea, stirring concerns about supply shortages and deteriorating mental health among soldiers. Luis Manuel Aviles, 48, was arrested after leaving
This as-told-to essay is based on a conversation with Francis Coultier, 39, who is originally from Canada but now lives in Bangkok. It’s been edited for length and clarity. The first time I learned about about digital nomadism, I was around 29 and living in Canada. I remember seeing people on the internet working remotely
A financial crisis that has long been predicted by Russia experts and Kremlin insiders appears to have finally arrived as banks see depositors scramble to pull out their money amid fears it may be seized. In the first half of August, Russians withdrew $3.4 billion (286.4 billion rubles), according to central bank data cited by
