The British pound was on track to record its biggest weekly gain against the US dollar in 12 weeks on Friday. The currency was supported by easing domestic political concerns and weaker-than-expected US labour market data, which weighed on the dollar. Sterling rose 0.1% to $1.3357 during the session. The move brought its weekly gain
Anyone deciding between BloFin and Bybit for copy trading wants the same thing: which one lets me mirror a trader more precisely, vet that trader’s record more thoroughly, and keep more of the profit. Most comparison pages that rank for this question answer with a generic score or a feature checklist that leaves the copy-trading
Investor Michael Burry, best known for his successful bet against the US housing market portrayed in The Big Short, has reportedly opened a short position in Micron Technology (MU), arguing that the memory chip maker’s recent rally has been driven by speculative enthusiasm rather than fundamentals. According to a post published on his Substack, Burry
Michael Burry has taken a bearish position against Caterpillar, arguing that the construction equipment maker has become one of the most overvalued beneficiaries of the artificial intelligence investment boom. Burry disclosed on Tuesday that he shorted Caterpillar shares at $1,060.98 as part of a broader set of bearish positions that also includes Nvidia, Applied Materials,
Small-cap stocks began the new trading month and quarter on a strong footing, with the Russell 2000 climbing to a fresh all-time high on Wednesday as investors continued rotating beyond the market’s biggest technology companies. The index was up 0.65% on Wednesday, hitting a fresh high of 3046.59. The benchmark small-cap index has delivered a
Investors are bailing on CoreWeave (CRWV) shares on July 1 following news that Meta Platforms (META) is building an internal cloud infrastructure business dubbed “Meta Compute”. The sell-off stems mostly from fears that a resourceful name like Meta may soon become a CRWV rival, but a deeper dive suggests it overlooks several operational and market
Tesla stock (TSLA) rose on Wednesday as investors positioned ahead of the electric-vehicle maker’s closely watched second-quarter delivery report. Improving European sales data supported sentiment on Wednesday despite broader weakness across technology stocks. Shares of Tesla gained in early trading even as much of the technology sector moved lower. The stock was up around 2%.
The race for semiconductor supremacy has taken an unexpected turn. High-profile names are now increasingly backing Intel (INTC) over its arch-rival Advanced Micro Devices (AMD). Veteran investor Paul Pelosi – former House Speaker Nancy Pelosi’s spouse – recently revealed a multi-million-dollar position in INTC through long-dated call options. And former hedge fund manager Jim Cramer
Hims & Hers Health shares (HIMS) surged 9% on Wednesday after Canaccord Genuity raised its price target on the telehealth company, citing improving sales trends, momentum in its weight-loss business, and growing optimism around its peptide opportunity. Canaccord analyst Maria Ripps maintained a Buy rating on the stock while increasing her price target to $40
Microsoft MSFT shares rose 4% on Wednesday after consumer health company Haleon announced a new five-year agreement to expand its use of Microsoft’s artificial intelligence, cloud, and data technologies across its global operations. The partnership strengthens Microsoft’s position in enterprise AI adoption while the company also faces reports that it is preparing another round of