Jake Ricci 
In a recent event that sent shockwaves across the tech and business spheres, Elon Musk, the outspoken entrepreneur behind Tesla and SpaceX, unleashed a profanity-laced tirade against advertisers abandoning the platform formerly known as Twitter, X. Musk’s impassioned outburst, laden with expletives, served as a stark warning, indicating potential peril for the social media giant … Read more
“Sam Bankman-Fried, the former billionaire in the crypto world, is adapting swiftly to the economic dynamics within New York’s Metropolitan Detention Center as he awaits sentencing on several felony charges including wire fraud and money laundering conspiracy related to his crypto exchange FTX. Engaging actively within the facility, Bankman-Fried has been utilizing food items to … Read more
Nvidia (NVDA) unveiled its third-quarter earnings post-market on Tuesday, surpassing Wall Street’s projections and maintaining the spotlight on artificial intelligence as a prime focus for investors. Earnings stood at $4.02 per share with revenue hitting $18.12 billion, outperforming analyst forecasts. Bloomberg data had anticipated earnings at $3.36 per share with revenue around $16.1 billion. Projections … Read more
In the last quarter, Michael Burry shifted his investment strategy by exiting his positions against the S&P 500 and Nasdaq 100, only to initiate a new play targeting semiconductor stocks, as per his latest portfolio update released on Tuesday. During the second quarter, Burry’s Scion Asset Management had acquired bearish put options on the SPDR … Read more
Amazon.com announced on Monday that it is enabling Snapchat users in the United States to make direct purchases within the app, a strategic move by the e-commerce giant to leverage the increasing trend of social media as a shopping platform. As social networks continue to shape consumer shopping habits, various platforms, including TikTok, are venturing … Read more
Michael Burry’s notable bearish bet against the stock market, which first made headlines in August, has been a rollercoaster for investors. At the beginning, his position was met with skepticism during the AI-driven summer market rally. However, it gained credibility as the S&P 500 experienced a sharp decline in late October. Recent developments, particularly the … Read more
In the exciting world of battery manufacturing, one company that’s been making waves is Microvast. This small-cap battery manufacturer specializes in producing batteries for industrial-level energy storage and commercial vehicles. Unlike some of its competitors who have made headlines for all the wrong reasons (yes, we’re talking about battery fires), Microvast has been quietly building … Read more
Semiconductor giant Nvidia recently reported impressive fiscal Q2 2024 earnings results that sent shockwaves through the investment world. With record-breaking revenues, soaring earnings per share, and a bullish outlook, Nvidia’s performance seemed to defy gravity. However, beneath the surface of these impressive figures, there are signs that the AI investment frenzy may be inflating a … Read more
On Friday, stock futures on Wall Street went up slightly, but for the week, they were set to have losses. This drop came after the federal reserve board of governors indicated that it plans to keep interest rates higher for a longer period of time. S&P 500 futures increased by around 0.3%, while the Dow … Read more
Reddit trading community is buzzing with excitement as user u/ando421 shares their astonishing trading journey, turning an initial $3,000 investment into a staggering $23,000 in just a single week. The trader’s audacious options plays have captivated the online trading world, offering both inspiration and cautionary lessons. In a recent Reddit trading post, u/ando421 recounted their … Read more