‘Big Short’ investor Michael Burry says he’s not shorting Tesla
In a social media post on X, the Scion Asset Management founder responded to a user asking if he would…
Category: Economy
Trump’s first vetoes of his second term hit bipartisan infrastructure projects, draw accusations of retribution
Trump promised retribution after Colorado refused to release Tina Peters, who was convicted by a state court last year. ...
Dust to data centers: The year AI tech giants, and billions in debt, began remaking the American landscape
Big Tech is remaking the U.S. map into an AI empire — kingdom-scale data centers, unprecedented debt, power constraints, and…
Asia-Pacific markets fall in year-end trade
Asia-Pacific markets were poised for modest gains on the holiday-shortened and final trading day of the year. ...
China manufacturing activity expands for the first time since March, beating expectations
China’s economy ended the year on a slightly less gloomy note as manufacturing, services and construction activity all improved in…
SoftBank has fully funded $40 billion investment in OpenAI, sources tell CNBC
Companies have been spending big on AI infrastructure to support growing compute and connectivity needs. ...
Home prices are getting slightly more affordable, but down payments are still holding buyers back
Housing is getting more affordable thanks to lower prices and lower mortgage rates, but it still takes more time to…
Fed minutes show officials were in tight split over December rate cut
The Federal Reserve on Tuesday released minutes from its December meeting. ...
Bankruptcy success rate for student loan borrowers jumps to 87%, study finds
The success rate for student loan borrowers in bankruptcy has "jumped" to 87%, a study finds. But many people still…