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Michael Burry dismisses trillion-dollar bets on SpaceX and Anthropic
Michael Burry, the investor famously depicted in "The Big Short," has dismissed the astronomical valuations currently assigned to SpaceX and Anthropic. In a series of recent subscriber discussions, Burry argued that neither company justifies a trillion-dollar price tag, labeling the current market enthusiasm for both as driven by unsustainable hype.
Inside the Goldman Sachs Internship: Advice from the Firm's Leaders
How a radical lifestyle shift helped one couple shed $45,000 in debt
The Billion-Dollar Tax Bill: Calculating New York’s Pied-à-terre Levy
Dan Loeb Rejects AI Bubble Fears Amid Massive Tech Spending
Tech
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Xreal 1S AR glasses drop to $449 in Amazon discount
Amazon Discounts Fire TV Stick 4K Plus to $29.99
Apple Delays Smart Glasses Launch to 2027
Oura Ring 4 sees surprise Amazon discount ahead of new release
Ultimate Ears Wonderboom 4 hits record-low price of $51
Microsoft Unveils Surface Ultra With Nvidia RTX Spark Chip
Business
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UAW walkout at Michigan parts plant hits GM truck supply
Nearly 1,000 employees at a Michigan components plant walked off the job at 12:01 a.m. Monday, halting production at the Dauch Corp. facility. The strike follows a breakdown in contract negotiations, directly threatening the supply chain for General Motors pickup trucks as the union pushes to reclaim decade-old wage losses.
Berkshire Hathaway bets $6.8 billion on Taylor Morrison recovery
A 24% premium on Taylor Morrison’s closing price signals that Warren Buffett’s firm sees a turning point for the battered U.S. housing market. Despite volatile mortgage rates and geopolitical instability, the $6.8 billion deal suggests an institutional conviction that homebuilder valuations have finally hit their floor.
Barry Diller Eyes Full Control of MGM Resorts in $18 Billion Bid
With a cash offer of $48.30 per share, Barry Diller’s IAC—now rebranded as People Inc.—is moving to consolidate its hold on MGM Resorts. The proposed takeover would value the casino powerhouse, owner of the Bellagio and Aria, at more than $18 billion, signaling a major shift for the Las Vegas icon.
The Billion-Dollar Hangover: How AI Is Stranding Pre-ChatGPT Unicorns
The era of easy capital has collided with the reality of generative AI, leaving hundreds of high-valuation startups stranded. Companies that once commanded billion-dollar price tags are now finding themselves cut off from funding, unable to compete with the lean, automated efficiency of the new AI-native generation.
Retailers brace for a spending slump as tax refund tailwinds fade
Consumer spending remained unexpectedly resilient throughout the first quarter, masking underlying economic fragility with the help of elevated tax refunds and deferred payment schemes. As these temporary supports dissipate, analysts are turning their attention to the second quarter to gauge the true impact of persistent inflation and rising energy costs.
Trump pivots to fast-track psychedelic therapies for mental health
Marie Phelan, an Army Reserve veteran, describes her experience with MDMA-assisted therapy as a profound emotional release that finally allowed her to set down the heavy psychological baggage of her 2003 Iraq deployment. Her recovery reflects a growing shift in how experimental treatments are viewed within the highest levels of government.