A pet-supplies entrepreneur turned video-game retailer CEO who’s been dubbed the “Meme King” might seem an unlikely candidate for the next Warren Buffett.
But Michael Burry of “The Big Short” fame told Business Insider in a brief email that he sees Chewy cofounder and GameStop CEO Ryan Cohen as Buffett’s spiritual successor.
The S&P 500 on Friday rose 1.97%, recording its best day since May, as it rebounded from a week of dramatic selling triggered yet again by the AI boom and what it will mean for the economy, companies and the labor market.
The Nasdaq Composite also surged 2.18% on Friday. But the rebound masked a sell-off in many tech names.
» Read more about: Stocks rebound after a dramatic week sparked by ongoing AI uncertainty »
The Annual Percentage Yield (APY) is accurate as of 2/1/2026. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account.
» Read more about: The Best High-Yield Savings Account Rates Today, Feb. 7, 2026 — Up to 5.00% APY »
All eyes are on Tesla’s robotaxi expansion.
Investors have completely turned their attention to Tesla‘s (TSLA +3.50%) autonomous future. Despite the company’s weak automotive revenue, the stock currently sits about 15% off its all-time high.
With Tesla potentially scaling its robotaxi fleet in multiple cities this year,
» Read more about: Why I'm Excited (and Cautious) for Tesla Stock in 2026 »
The Dow Jones Industrial Average just crossed 50,000 points for the first time, but that doesn’t mean the economy is healthy
Round numbers always enchant humans, especially when they’re big round numbers.
So you’ll probably be reading and hearing a lot about how the Dow Jones Industrial Average crossed the 50,000-point threshold Friday for the first time.
» Read more about: The Dow just broke 50,000. Here’s what that means »
The Dow Jones Industrial Average (DIA) crossed 50,000 for the first time. DIA is up 4.25% year-to-date.
Goldman Sachs (GS) represents 11.97% of the Dow. Financials account for 27.8% of Dow holdings.
The Dow outperformed the S&P 500 (SPY) by 3 percentage points.
» Read more about: Dow Jones Sets Record and Breaks Past 50,000 »
The S&P 500 tends to fall sharply during midterm election years.
The S&P 500 (^GSPC +1.97%) has posted triple-digit gains in three consecutive years, a feat the benchmark index has accomplished only five times before. Wall Street expects the S&P 500 to extend its winning streak in 2026,
AI chip leaders helped the Dow clear the historic 50,000 mark as risk appetite returned across tech and crypto, today, Feb. 6, 2026.
The S&P 500 (^GSPC +1.97%) rose 1.97% to 6,932.30, the Nasdaq Composite (^IXIC +2.18%) gained 2.18% to 23,031.21,
» Read more about: Stock Market Today, Feb. 6: Nvidia Leads Rally After AI Hardware Rebounds »
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 7.8% in the afternoon session after CEO Jensen Huang declared that the $660 billion tech industry investment in AI infrastructure is sustainable and justified.
Addressing concerns over aggressive spending by “hyperscalers” like Meta and Microsoft, Huang argued that these massive capital expenditures are supported by rising cash flows and “sky-high”
» Read more about: Why Is Nvidia (NVDA) Stock Soaring Today »
Options trading on BlackRock’s spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.
