In brief
Markets
Michael Burry Warns of Prolonged Market Downturn With No Safe Havens
Michael Burry warns that today’s market could see a deeper, longer downturn than 2000, with no safe haven among equities.
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Daily edition04Dec 2025
Thursday
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Thursday
3 news articles · 8 briefs · 1 guides-
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In brief Commodities
Gold Slips as Investors Await Fed Decision and Key U.S. Inflation Data
Gold slips as equities strengthen and investors await key U.S. inflation data ahead of next week’s Fed meeting.
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In brief Business
Google Employee Accused of Using Insider Knowledge to Win Big on Polymarket
A Google employee is accused of using insider knowledge to win $1 million on Polymarket after a series of unusually accurate bets tied to company events.
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In brief Investing & Retirement
MrBeast Expands Into Financial Services With New Consumer Fintech Platform
MrBeast is launching a fintech platform offering banking, investing, crypto and financial tools for his global audience.
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In brief Markets
Meta Shares Jump Over 6% as Zuckerberg Signals 30% Cut to Metaverse Spending
Meta shares jumped over 6% after Zuckerberg signaled a potential 30% reduction in metaverse spending.
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Story of the Day EconomyGlobal Billionaire Count Jumps by 287 as Total Wealth Climbs to $15.8 Trillion
The number of dollar billionaires worldwide rose by 287 over the past year, reaching 2,919 individuals as total global billionaire wealth expanded 13% to $15.8 trillion.
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In brief Business
Rare-Earth Startup With Trump Jr. Ties Wins $620 Million Pentagon Magnet Contract
Vulcan Elements, backed by a fund led by Donald Trump Jr., secured a $620 million Pentagon deal to expand U.S. rare-earth magnet production.
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In brief Big Tech & Innovation
Nvidia’s Jensen Huang Says He Operates as If the Company Is ’30 Days From Bankruptcy’
Nvidia CEO Jensen Huang says he operates as if the company is “30 days from bankruptcy,” driving constant strategic reassessment.
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In brief Big Tech & Innovation
Sam Altman Explores Multi-Billion-Dollar Deal to Build a Rival to SpaceX
Sam Altman is exploring a multi-billion-dollar deal with Stoke Space as he pursues a long-term plan to build a competitor to SpaceX.
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Lixiang Launches Smart Glasses With Hands-Free Vehicle Control for ¥1,999
Chinese EV maker Lixiang has introduced Livis smart glasses priced at ¥1,999, offering hands-free vehicle controls, built-in cameras, and an AI assistant as the company expands into consumer tech.
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Transcend Halts SSD Production as NAND Supply From Samsung and SanDisk Collapses
Transcend has suspended SSD manufacturing after losing access to NAND chips from Samsung and SanDisk, leaving the company without supply for months and signaling deeper strain in the consumer storage market.
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Guide BankingWhat Is a Bank Account? A Beginner’s Guide
A bank account is a record of money held with a financial institution. Learn about balances, deposits, withdrawals, interest, fees, overdrafts, statements, and protection.
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