Renowned investor Michael Burry moved to correct market speculation this week after renewed attention on his views about Tesla’s valuation. The Scion Asset Management founder said he is not betting against the electric vehicle maker, despite having described the stock as “ridiculously overvalued.” The clarification came in response to questions on social media, as investors
Generating meaningful dividend income from modest capital requires disciplined stock selection and a clear mathematical framework. An allocation of $2,670 distributed equally across three carefully vetted ultra-high-yield securities, each offering yields exceeding 6%, can reasonably generate approximately $300 in annual dividend income. The challenge lies not in identifying high-yield opportunities, but in distinguishing between genuinely
US jobless applications fell to 199,000 in the week ending December 27, marking the lowest reading in weeks. The figure signals that employers remain reluctant to cut payrolls despite economic uncertainties approaching the year’s end. The unexpected decline, down 16,000 from the previous week’s revised 215,000, underscores a labor market characterised by minimal layoff activity,
Berkshire Hathaway (BRK.B) remains in focus as markets brace for the most significant transition in corporate history. Legendary investor Warren Buffett steps down as the conglomerate’s chief executive following a remarkable 60-year tenure at the end of this year, with Greg Able taking over officially on Jan. 1 Investors are watching closely as Abel attempts
Chinese artificial intelligence startup MiniMax is preparing for a major public debut in Hong Kong, with Alibaba Group Holding Ltd. and Abu Dhabi Investment Authority (ADIA) set to anchor the offering, reported Bloomberg, citing people familiar with the matter. The deal positions MiniMax at the forefront of a closely watched race among China’s generative AI
Micron stock price was in a relentless bull run in 2025, making it the top gainer in the Nasdaq 100 and S&P 500 indices. It jumped to a record high of $294, much higher than the year-to-date low of $62, with its market capitalization rising to over $331 billion. MU’s jump mirrored that of other
Gold prices bounced back on Tuesday from the previous session’s sharp losses as safe-haven demand boosted the market. Silver prices rebounded more than 7% after having plunged more than 10% on Monday. Meanwhile, crude oil extended gains as investors focused on rising geopolitical tensions in the Middle East, which raised fears of lower supply. Gold
The United States has granted an annual licence allowing Samsung Electronics and SK Hynix to import US chipmaking equipment to their China facilities for 2026. The development provides temporary relief from tightening export controls that threatened to disrupt the global memory supply chain. The approval, which replaces a broader exemption system expiring this week, offers
The Organization of the Petroleum Exporting Countries and allies are likely to proceed with their intended output pause during this weekend’s meeting, as evidence of a worldwide oil oversupply continues to mount, Bloomberg said in a report. A monthly video conference is scheduled for January 4, where key members, notably Saudi Arabia and Russia, will
The cryptocurrency industry faced a tumultuous year in 2025, as blockchain security incidents resulted in staggering financial losses. According to the latest report from SlowMist, a leading blockchain security firm, the sector recorded approximately 200 security incidents, leading to a total loss of $2.9 billion. This marks a significant increase in financial damage compared to