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Business & Finance
Of late, Micheal Burry has been skeptical on the developments in the technology sector. Recently, Burry disclosed short positions in Oracle (ORCL) and Nebius Group (NBIS) citing “rising leverage risks linked to off-balance-sheet commitments across the technology and cloud sectors.”
(Bloomberg) — As investors debate whether and when the Federal Reserve will raise interest rates, market expectations for further tightening are building around the world — and spelling trouble for bonds
Space Exploration Technologies Corp.(NASDAQ: SPCX) went public on June 12, ultimately selling 638.9 million shares at $135 through its initial public offering (IPO), raising a record-setting $85.7 billion in the process
Police in Bulgaria evacuated nearly 200 passengers from the Viking Ullur cruise ship after it ran aground in Bulgaria this week. (Credit: Reuters)
South Korea’s KOSPI index has been one of the most popular and volatile investments this year. See all topics New York —
What’s behind the move:The e-commerce and cloud giant topped second quarter expectations as accelerating cloud growth at Amazon Web Services (AWS) helped drive strong results. Amazon also said its AI and custom chip businesses have each surpassed a $25 billion annualized revenue run rate
Micron Technology (NASDAQ: MU) has been one of the hottest performers on the stock market over the past year, but its shares have witnessed a substantial pullback after reaching a 52-week high on June 25
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 9.4% in the morning session after the company reported second-quarter results that beat revenue and earnings estimates but revealed a miss in its key Services segment. The company posted revenue of $109.4 billion and earnings per share (EPS) of $2.02, surpassing Wall Street’s expectations. However, the…
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) fell 13.9% in the morning session after the company reported second-quarter financial results that missed Wall Street’s expectations on both the top and bottom lines. For the quarter, Coinbase posted revenue of $1.22 billion, representing an 18.5% year-over-year decline and falling short of the consensus forecast of $1.30…