Michael Burry of ‘Big Short’ fame deregisters Scion Asset Management

Michael Burry of ‘Big Short’ fame deregisters Scion Asset Management

Andrew Toth | FilmMagic | Getty Images “Big Short” investor Michael Burry, known for his successful bets against the U.S. housing market in 2008, has deregistered his hedge fund, Scion Asset Management. The Securities and Exchange Commission’s database showed Scion’s registration status as “terminated” as of November 10. Deregistering would imply the fund is not…

Read More
Stoxx 600, FTSE, DAX, CAC

Stoxx 600, FTSE, DAX, CAC

LONDON — European stocks were higher on Thursday, tracking their global counterparts as the U.S. government shutdown came to an end. The pan-European Stoxx 600 was nearly 0.1% higher 9:49 a.m. in London (4:49 a.m. ET) with sectors in mixed territory. The U.K.’s FTSE 100 index and Germany’s DAX were in the red on Thursday,…

Read More
China’s Singles’ Day stumbles as frugal shoppers shrink the world’s biggest sale

China’s Singles’ Day stumbles as frugal shoppers shrink the world’s biggest sale

JD.com and Alibaba are operating in Suqian City, Jiangsu Province, China, on Dec. 29, 2023. Costfoto | Nurphoto | Getty Images BEIJING — Preliminary figures for China’s biggest shopping event of the year indicated slower sales as consumers tie their purse strings tighter amid weak economic growth. The Double 11 shopping festival this year recorded…

Read More