The Daily

Investor Michael Burry disclosed on Monday that his hedge fund, Scion Asset Management, has taken positions against tech heavyweights Nvidia (NVDA) and Palantir (PLTR).

Burry, who rose to fame for correctly predicting the US housing market bubble and subsequent stock market crash in 2008, has taken out puts — or trades that benefit from a stock price falling — on two of Big Tech’s darlings.

 » Read more about: Michael Burry of 'Big Short' fame discloses bets against Palantir and Nvidia  »

 » Read more about: We Asked ChatGPT, Grok and 3 Other AIs About the No. 1 Investing Tip for the Middle Class: Here’s What They Said  »

 » Read more about: European ETFs See Rare Love Amid Fed Uncertainty  »

US stocks fell Tuesday as the CEOs of Goldman Sachs and Morgan Stanley warned that markets are due for a correction – adding to investor fears that AI stocks have become overvalued. 

The Dow Jones Industrial Average plunged 450 points, or 1%, while the S&P 500 and Nasdaq slid 1.2% and 1.7%,

 » Read more about: Dow falls 450 points as Goldman Sachs, Morgan Stanley CEOs warn of market correction after AI boom  »

WASHINGTON — The United States on Tuesday imposed sanctions on a group of bankers, financial institutions and others accused of laundering money from cyber crime schemes — money the Treasury Department says helps pay for North Korea’s nuclear weapons program.

Over the past three years,

 » Read more about: US sanctions North Korean bankers accused of laundering stolen cryptocurrency  »

Cathie Wood’s ARK Invest increased its position in Bullish crypto exchange on Monday, purchasing about 238,000 shares worth around $12 million across its flagship funds.

According to ARK’s daily trade disclosures, the ARK Innovation ETF (ARKK) bought 164,214 shares, the ARK Next Generation Internet ETF (ARKW) added 49,056 shares, and the ARK Fintech Innovation ETF (ARKF) acquired 25,076 shares.

 » Read more about: Cathie Wood’s ARK Invest adds $12M in Bullish shares as options trading surges  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.

 » Read more about: Bloom Energy (BE) Powers to Record High. Here’s Why  »

Alliant Energy LNT is scheduled to release third-quarter 2025 results on Nov. 6, after market close. The company delivered an earnings surprise of 9.68% in the last reported quarter.

Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

Alliant Energy is expected to have benefited from its strategic investments in electric distribution aimed at advancing electrification and distributed generation.

 » Read more about: Alliant Energy to Post Q3 Earnings: What's in the Cards for the Stock?  »

 » Read more about: Wall Street Loves Broadcom, Nvidia and CoreWeave  »

Russian crude shipments fell by the widest margin seen since January 2024 over the past month, according to vessel-tracking data from Bloomberg, as US sanctions have begun to show their effect.

Four-week average volumes of crude oil shipped from Russia’s ports tallied 3.58 million barrels per day for the period ended November 2,

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq falter amid worries over frothy valuations  »