Michael Burry’s Scion Asset Management disclosed $912 million in put options against Palantir and $187.6 million against Nvidia. The move comes amid growing concerns about an AI bubble and follows Burry’s cryptic social media posts about market bubbles. Both stocks saw significant drops following th
Cisco is completely revamping its nearly three-decades-old partner program with Cisco 360, set to launch early next year. The tech giant’s leadership says AI represents the biggest technology transition they’ve ever seen, demanding a new approach to partner incentives and training. Partners will nee
The European Space Agency is proposing a major shift toward defense and security applications with its €1 billion ERS program. The initiative integrates Earth observation, telecom, and navigation capabilities for dual-use purposes. This represents a significant departure from ESA’s traditional focus
France’s consumer watchdog discovered childlike sex dolls on Shein’s website and has referred the case to prosecutors. Economy Minister Roland Lescure stated he would seek to ban Shein from the French market if such incidents recur, citing legal provisions for blocking access over child pornography
Axon’s stock took a 17% nosedive after the company reported disappointing Q3 earnings. The TASER maker missed analyst expectations with adjusted earnings of $1.17 per share versus the $1.52 forecast, blaming new tariffs for squeezing margins.
Google’s massive $32 billion acquisition of cybersecurity firm Wiz has cleared Department of Justice review but won’t finalize until 2026. The deal faces potential $3.2 billion breakup fee if other regulators block what would be Google’s largest acquisition ever.
According to MarketWatch, the real employment threat isn’t AI replacing workers directly. It’s being displaced by colleagues who leverage AI tools more effectively. As companies experiment with AI to boost profitability, workers who resist adoption face the greatest risk.
Markets slid Tuesday with the Nasdaq dropping 2% as valuations reach concerning levels. The CAPE ratio now matches 1999 peaks while tech giants announce major layoffs. All eyes turn to Supreme Court tariff arguments today.
A ransomware attack has virtually erased Marks & Spencer’s profits, causing a 99% plunge to just £3.4m. The retailer faced months of online disruption and expects total costs to hit £300m.
An Amazon engineer who was laid off in 2023 reveals the hard-won lessons that helped her bounce back. She emphasizes not internalizing shame and the importance of community support during job transitions.
