Michael Burry Warns of Stock Crash as Tech Jump Echoes 2000 Peak

Michael Burry, the investor made famous in The Big Short, is warning that the Nasdaq 100 Index is headed toward a dramatic reversal after a “parabolic” surge that has driven technology valuations to unsustainable heights. In a post on Substack, Burry said the market...

Iran War Is Draining World’s Oil Buffer at an Unprecedented Pace

The world has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer that protects against supply shocks. The rapidly shrinking stockpiles mean that the risk of even more extreme price spikes...

German Drone Startup May See $18b Valuation in Fundraising: FT

German drone startup Helsing GmbH may see its valuation jump to about $18 billion in a new financing round, up from about $14 billion implied in a fundraising last year, the Financial Times reported on Saturday. Plans for a $1.2 billion funding round are at an...

OPTrust Goes to Court to Recoup $80 Million From Westbank Tower

Ontario Public Service Employees’ Union Pension Plan put a new residential tower in Vancouver in receivership to recoup C$109 million ($80 million) from developer Westbank Holdings Ltd. It’s a fresh sign of distress in the once-effervescent Canadian real estate...