Michael Burry dumped his entire stake in GameStop after the company’s audacious bid for eBay , saying the deal’s heavy leverage shattered the investment case he had been building. “I sold my entire GME position,” Burry said in a Substack post late Monday. “Any which way I sliced it, the Instant Berkshire thesis was never…
Monitors display Coinbase signage during the company’s initial public offering at the Nasdaq MarketSite in New York City on April 14, 2021. Robert Nickelsberg | Getty Images News | Getty Images Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, citing a combination of market volatility and AI…
NEW YORK — Will a rom-com set in New York charm enough voters? Perhaps it will be a vampire musical set on the opposite coast of America. Can a send-up of the movie “Titanic” float to the top? Or even a send-up of golden-era Broadway musicals themselves? It’s Tony Award nomination time, and entry into…
In sports betting, customers are quite accustomed to betting on the usual markets: the spread, moneyline and total. Whether it’s the full game, first half, second half, quarters or more. But with all the technological advancements over the past several years, the menu is now massive. That includes the ability to bet on a wider…
Belgian brewer Anheuser-Busch InBev sold more drinks for the first time since 2023 in the first quarter, as growth in major beer brands such as Corona and Michelob Ultra ended a prolonged slide in volumes. Shares in the world’s most valuable brewer rose almost 7% as it also posted revenue and profit well ahead of…
Piotr Swat | SOPA Images | Lightrocket | Getty Images Major health insurers appear to be off to an encouraging start this year — but a crucial test for the sector is still ahead. Solid first-quarter results have helped lift investor sentiment, even as insurers continue to grapple with higher medical costs. Companies including UnitedHealth,…
Check out the companies making headlines before the bell: PayPal — Shares gained nearly 3% after PayPal reported first quarter earnings of $1.34 per share, on an adjusted basis, on revenues of $8.35 billion. Analysts polled by LSEG had expected per-share earnings of $1.27 on revenues of $8.05 billion. Anheuser-Busch InBev — The Budweiser parent…
Exterior view of the Pfizer headquarters building on January 29, 2023 in New York City. View Press | Corbis News | Getty Images Pfizer on Tuesday posted first-quarter earnings and revenue that topped estimates and reaffirmed its 2026 outlook, as its recently launched and acquired products showed growth. Older top-selling drugs, including its blood thinner…
CEO Jacob Walthour, Kourtney Gibson and The 49th Vice President of the United States, Kamala Harris onstage at the 2026 Power100 Honoree Dinner at Beverly Wilshire, A Four Seasons Hotel on May 3, 2026 in Beverly Hills, California. Arnold Turner | Getty Images The Power100 gathering on the sidelines of the Milken Institute Global Conference…
NEW YORK — Actors Blake Lively and Justin Baldoni agreed Monday to end their legal feud over the acrimonious production of their 2024 film “It Ends With Us,” averting a trial that threatened to further tarnish their reputations and expose the dark side of Hollywood moviemaking. The costars turned courtroom adversaries settled the civil case…
