Author: Money Mechanics

Key Takeaways “The Big Short” investor Michael Burry’s investment firm Scion owned put options on Nvidia and Palantir at the end of the third quarter, new filings show.That means Burry was at one point betting, in either the short-term or long-term, that the companies’ stocks would decline.Burry has posted messages on social media in the last week about his feelings on the AI industry, though their meaning is unclear. Michael Burry, an investor made famous by his bets against the U.S. housing market before the 2008-2009 crash and ensuing Great Recession, appears to have a new short target: the artificial…

Stocks rebounded from Tuesday’s sell-off to post across-the-board gains Wednesday, as investors re-embraced the long-term promise of the artificial intelligence (AI) revolution. The main U.S. equity indexes were choppy early but surged late, and eight of the 11 stock market sectors closed in the green despite murky incoming labor market data.The ADP National Employment Report showed private employers added 42,000 jobs in October, marking the first monthly gain since July, to top a consensus forecast of 30,000. September’s net job loss was revised higher to 29,000.The report divided labor market observers, even those in different parts of the same house.…

Wheat is showing mixed action, with contracts mostly weaker in the hard red contracts. The wheat market closed with strength on Monday, with all three markets closing higher. CBT soft red wheat futures were up another 9 to 10 cents. Preliminary open interest was down 1,142 contracts on Monday. KC HRW futures were 7 to 10 cents in the green at the close. OI showed some short covering, down 9,386 contracts. MPLS spring wheat futures saw 4 to 6 cent gains at the close. Monday morning’s Export Inspections report showed a total of 350,293 MT (12.87 mbu) of wheat shipped…

As November kicks off with a familiar chill of uncertainty, investors are once again grappling with renewed market volatility, fuelled by overblown AI valuations, hawkish signals, and geopolitical jitters around tariffs and supply chains. Source: Investing.com In times like these, the appeal of high-flying growth stocks can fade, replaced by a desire for stability, predictability, and tangible returns. Enter dividend stocks: reliable payers that deliver steady cash flow, acting as a buffer when prices plummet and a reward when calm returns. These aren’t flashy; they’re fortresses. For investors looking to build a moat around their portfolio, here are two dividend…

Surprising no one, and yet shocking many, avowed socialist Zohran Mamdani won the election yesterday to become Mayor of the largest city in the United States.[1] Probably the main reason for Mamdani’s victory is that he pursued the tried-and-true method of giving out free stuff, and a whole generation of Americans who have systematically been poorly educated in history and economics said “that sounds awesome.” So, now we will see whether socialism will work for the first time ever. This is an inflation blog, so I want to review briefly the effects of price controls on inflation – and indirectly,…

T-MobileFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysT-Mobile’s Text to 911 service is now available.The option is available free of charge to anyone with a compatible smartphone.T-Mobile, Verizon, and AT&T customers can sign up for it.Imagine you need medical help, but you’re in a remote and desolate location without traditional cell service. That’s the sort of scenario T-Mobile’s new Text to 911 satellite-based service aims to address.Launched on Tuesday, T-Mobile’s Text to 911 option is available to anyone with a compatible iPhone or Android phone. Yes, that includes Verizon and AT&T subscribers. The service is designed…

Key Takeaways AMD’s record quarterly results and upbeat outlook on strong demand for its data center chips met a muted reception from investors amid worries about an AI bubble.Wall Street analysts are overwhelmingly bullish on the chipmaker, with several raising their targets for its stock following the results. Advanced Micro Devices investors have become harder to impress. The chipmaker yesterday posted record quarterly results and an upbeat outlook on surging demand for its data center chips—and its stock has hardly budged. Advanced Micro Devices (AMD) shares were up about 2%, near $255, in recent trading as the broader tech sector…

(Investing) – LONDON -Oil prices eased on Wednesday as investors digested weaker economic data from top oil importers, but an expected drop in U.S. fuel inventories limited further losses.  were down 37 cents, or 0.6%, at $64.07 a barrel by 1419 GMT, while U.S. West Texas Intermediate crude was 43 cents, or 0.7%, lower at $60.13. Oil prices followed equities lower, as a shift in risk sentiment has been an important driver in recent days, said . Weaker economic data, coupled with a rally in the U.S. dollar, suppressed prices, however they found support from lower U.S. fuel stocks, PVM analyst Tamas…

Key Takeaways Tech stocks rebounded from Tuesday’s losses to help boost the major U.S. equities indexes Wednesday afternoon. Seagate Technology and other data storage stocks led gains on the S&P 500. McDonald’s shares also climbed as its U.S. same-store sales exceeded expectations. Tech stocks rebounded from Tuesday’s losses to help boost the major U.S. equities indexes Wednesday afternoon. The Dow, S&P 500, and Nasdaq all advanced. Seagate Technology (STX) and other data storage stocks like Western Digital (WDC) led gains on the S&P 500. Seagate said it has a deal with lenders to exchange $500 million in debt for cash and…

Key Takeaways Trex Co.’s results and outlook disappoint as spending on housing materials slows.The maker of decking products said the repair and remodeling sector continued to face weaker market conditions, and it expects that to continue. Trex Co. (TREX) shares sank to multiyear lows after the maker of deck-building materials posted worse-than-expected results and lowered its outlook, citing a slump in spending for housing projects. While the company saw spending in the repair and remodeling sector improving, CEO Bryan Fairbanks said, “the second half of the season reflected the weaker market conditions that the industry has experienced in the past…