Business
Investor Who Scored 900% Win in 2008 Crisis Has New Big Short Bet
Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector.
Business
US Exceptionalism Nearing Expiration Date, HSBC’s Kettner Says
Max Kettner, chief multi-asset strategist at HSBC, says investors may want to be “perhaps really leaning a bit more into that European story,” as he sees an August expiration date on US exceptionalism. (Source: Bloomberg)
Stock futures are mixed ahead of Micron earnings; tech stocks rebound after sell-off: Live updates
Memory stocks rose in premarket trading Wednesday, as U.S. stock futures were mixed ahead of the opening bell.
Business
Europe Heat Wave Strains Power Supply, Sends Prices Soaring
Europe’s electricity system is under mounting pressure from an intense heat wave, with extreme swings in power prices as soaring temperatures drive up demand and curb output.
'No cracks in the armor': Tech stocks rebound after global AI selloff batters chip stocks
Technology stocks mostly rebounded on Wednesday amid choppy trading following a global selloff in the previous session.
Business
Investors Maxing Out AI Trade Feed Stock Market Volatility
Investors are maxing out the AI trade, setting the stock market up for a volatile summer.
Tech companies would have to pay AI data center energy costs under bill moving in Congress
A House subcommittee may advance legislation Wednesday to make tech companies pay the energy costs for operating data centers to power AI.
This World Cup will be the biggest gambling event of all time. Here's how to bet 'responsibly.'
With billions of more dollars and dozens of more games, this World Cup will be a bookmaker bonanza. Here's how to keep yourself safe while wagering.
The hidden cost of the AI coding boom: workplace paralysis
New AI tools are released near-constantly. Some developers are invigorated, while others feel overwhelmed just trying to keep up.
A millennial who's tried more than 30 side hustles shares the most lucrative, the biggest flop, and the easiest way to get started
"There is a side hustle for everyone," said Cody Berman, who's experimented with more than 30 different ways to make money.
A rare and massive ranch near Aspen was sold to the CEO of Palantir for $120 million. Take a look.
A 3,700-acre ranch formerly owned by a monastery was sold to Palantir CEO and billionaire Alex Karp. But he can't build a massive mansion. Here's why.
Student-loan borrowers are struggling with repayment. A new federal report shows a key reason.
The Education Department's inspector general released a new report detailing how key offices overseeing federal student loans have been cut.
Brent falls below $76, notching its lowest level since day before U.S.-Iran war
U.S. President Donald Trump intensified pressure on oil companies to lower gasoline prices following the recent decline in crude.
Are you good at saving money? What are your best hacks? Tell us about it.
From budgeting, meal prepping, to buying secondhand, we want to hear how you save money.
Defense stocks plummet on report Germany is scrapping warships; Rheinmetall stock down 13%
Berlin is planning to scrap a multi-billion-euro project to build the F126 frigates, according to the Financial Times.
The quest to look hotter is reshaping America's homes
Health-obsessed homebuyers are splurging on cold plunges, saunas, and cryotherapy chambers. Real estate's biggest flex isn't just for the uber-rich.
Business
SK Hynix Seeks $29 Billion With US Listing to Fund AI Boom
SK Hynix Inc. is planning to raise 45.45 trillion won ($29.4 billion) in a landmark US listing, as companies along the artificial intelligence supply chain rush to increase capacity to meet memory chip demand.
I implanted Paradromics' first long-term brain chip in a patient. I began my career as an electrical engineer.
Dr. Matthew Willsey, a neurosurgeon, explains how his engineering background led him to implant Paradromcs' first long-term brain chip.
Business
Rheinmetall Sinks as Germany Shelves Major Warship Contract
Rheinmetall AG shares plunged Wednesday as Germany withdrew from a key warships contract, dealing a blow to investor confidence in the defense contractor following years of huge gains.
Flexport CEO reignites debate over remote work after likening it to 'white-collar fraud'
Ryan Petersen, the CEO at Flexport, said he believes that working from home introduces too many distractions and can hurt workplace culture.