Michael Burry says the seemingly unassailable positivity around AI reminds him of the dot-com and housing bubbles — and warns the mania could have far more devastating consequences than Enron’s collapse. A subscriber to Burry’s Substack told him in a chat thread this week that it felt like “we are witnessing a massive coordinated effort
Most American private schools still raise money the old-fashioned way—silent auctions, annual giving, and a yearly gala with mixed drinks and canapés. Crystal Springs Uplands School, a 569-student private day school located on the peninsula between San Francisco and Silicon Valley, still plans to throw a gala this year, but it isn’t the main draw
More Wall Street customers are signing up for a Trump Media & Technology Group service that allows earlier access to new Truth Social posts, a feature some economists are calling a form of insider trading. Trump Media, founded by President Donald Trump in 2021, announced more than 10 customers have signed up for Truth API,
SpaceX stock rose on Monday to reclaim an important milestone: its $135 IPO price. The stock jumped back above that threshold on Monday, rising to close 4% higher at $138.74 after struggling to mount a decisive gain early in the session. Shares are up more than 25% in August, and a 15% rally on Friday
Europe’s stock market is firing on all cylinders and drawing money managers who say this rally will be more durable than just another short-term trade. Whether it’s earnings, economic growth, sentiment surveys or fund flows, market metrics across the board show a major shift is underway in European stocks. The price action reflects that. The
When is the ideal time to start investing? According to Acorns CFO Seth Wunder, eight years old might be about the right age. Wunder, a top exec at the personal finance platform aimed at helping people break into markets by investing their spare change, is a strong advocate for early financial education. His view comes
