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Michael Burry says AI safety warnings from OpenAI and Anthropic are exaggerated hype that helps sustain excitement as growth slows ahead of potential IPOs.
Oracle employees reportedly lost system, Slack and office access before receiving early-morning layoff emails as the company begins another round of job cuts.
U.S. stocks lost roughly $490 billion in 25 minutes after the Fed raised rates by 25 basis points and signaled continued concern about elevated inflation.
Anthropic could raise up to $100 billion in a record IPO at a potential $2 trillion valuation as the AI developer expects a second consecutive profitable quarter.
BWET has surged about 6,200% in 15 months as disruption around the Strait of Hormuz drives tanker freight rates sharply higher.
Bending Spoons agreed to acquire Miro at a $1.355 billion enterprise value, nearly 90% below the collaboration platform's $17.5 billion valuation in 2022.
S&P 500 market breadth has fallen to a five-month low, with only 42% of constituents above their 50-day moving averages despite the index remaining near record highs.
Qualcomm shares jumped after the chipmaker secured a multi-generation Amazon AI infrastructure deal potentially tied to as much as $60 billion in business.
Mistral AI raised €3 billion at a valuation above €21 billion, nearly doubling its value as the European AI developer accelerates global expansion.
A record $9.6 trillion in U.S. options exposure is set to expire by September 18, including $6.2 trillion concentrated on the quarterly triple-witching session.
Lululemon has fallen nearly 59% since Michael Burry first disclosed his position, but the investor says he plans to aggressively buy shares below $100.
Nike will leave the S&P 100 after roughly 18 years as its shares trade nearly 80% below their record high.