Michael Burry, the famed investor who predicted the 2008 housing market crash, has made some major moves with his investments. Recent filings show a dramatic shift in his portfolio strategy. Betting Against Tech and China Burry’s Scion Asset Management has taken a significantly bearish stance on several major companies. They’ve purchased put options on Nvidia…
A 61-year-old woman lost a staggering $387,000 in a bank scam, police say. How the Scam Worked The scam began with a phone call. Someone pretending to be from JPMorgan Chase’s fraud department convinced the victim to withdraw and hand over the large sum of money between February 27th and April 28th. The Chase and…
Dogecoin, after a brief surge above $0.20, is showing signs of weakness. It’s dropped 15% from its recent high of $0.2581 and might fall below $0.20 again. The $0.24-$0.25 Resistance Dogecoin’s recent attempt to break through the $0.24-$0.25 price range failed. This area acted as strong resistance before, notably in early March. This rejection created…
Ethereum’s price has skyrocketed! Since early April, it’s jumped almost 97%, going from around $1,388 to over $2,743. This huge increase has everyone in the crypto world talking. Is Ethereum About to Hit a New High? One analyst, CoRE, is super bullish on Ethereum. They believe it’s practically guaranteed to hit a new all-time high…
Dogecoin recently took a 10% dive, but a new analysis suggests a rebound might be on the horizon. Entering a Demand Zone According to technical analysis, Dogecoin has entered a key demand zone. This means buyers are usually more active in this price range, potentially leading to a price increase. The coin already showed a…
Ethereum’s price has been looking pretty good lately, briefly hitting $2700 earlier this month—its highest point in almost three months. Even though it’s cooled off a bit this weekend, the overall feeling is that Ethereum is poised for a strong recovery. Many believe it’s about to outperform Bitcoin in the coming months. Could this mean…
A US judge has rejected a joint request from Ripple and the Securities and Exchange Commission (SEC) to settle their long-running legal battle over XRP. Judge Rejects Settlement Bid The SEC and Ripple had hoped to get a preliminary ruling on reducing a $125 million penalty against Ripple to $50 million. However, District Judge Analisa…
Truist Bank, a major US bank, will pay $4.1 million to settle a class-action lawsuit over unwanted robocalls. Thousands Harassed by Robocalls The lawsuit, filed on behalf of 5,998 people, alleged that Truist bombarded thousands with illegal robocalls. The calls, intended to collect payments from customers, violated the Telephone Consumer Protection Act of 1991. This…
JPMorgan Chase’s chief global strategist, David Kelly, believes the US might dodge a recession, but doesn’t expect a booming economy anytime soon. He recently shared his outlook on CNBC. Recession Avoided? Maybe. Kelly attributes the potential avoidance of a recession to a few key factors: a pullback on tariffs and a large tax bill that…
Marks & Spencer (M&S), the British retail giant, has confirmed a data breach affecting thousands of its customers. Hackers accessed sensitive personal information, prompting the company to issue a warning. What Information Was Leaked? The leaked data may include customer names, addresses, dates of birth, and online order history. However, M&S assures customers that payment…
