Donald Trump’s recent dismissal of short sellers as "poor bastards" facing ruin sparked a sharp retort from Michael Burry. The investor, famously portrayed in The Big Short, rejected the president’s framing of market skeptics as unpatriotic, suggesting instead that Trump’s own financial success relies on gut instinct rather than analytical rigor.
A retired judge has awarded Kraken $22 million in damages after the exchange’s former auditor, Mazars USA, abruptly terminated its services in 2023. Kraken’s parent company, Payward Inc., is now moving to enforce the arbitration award, claiming the sudden withdrawal triggered a damaging licensing crisis during a period of intense regulatory scrutiny.
A 10% gain in June propelled Dan Sundheim’s D1 Capital to a 25.7% return for the first half of 2026, outpacing both the S&P 500 and the Nasdaq 100. The performance highlights a broader winning streak among the Tiger Cub investment funds as they navigate shifting market tides.
SpaceX president Gwynne Shotwell is donating personal company shares to the federal Trump Accounts program, fulfilling an expectation voiced by President Donald Trump days earlier. The move places the aerospace executive alongside a growing roster of corporate leaders backing the initiative, which targets long-term savings for millions of American children.
When an email arrives signed simply "JACK," JPMorgan employees know they are hearing from both John China and Andrew Kresse. The shared nickname for the co-heads of the Innovation Economy team is more than an office quirk; it represents a deliberate strategy to unify leadership across two distinct banking cultures.
When I left my teaching job to pursue a graduate degree in New York, I traded a steady paycheck for a mountain of tuition debt. Navigating the financial gap between my reality and the lifestyles of my older, established friends turned out to be a lesson in grace rather than just budgeting.
Growing up in a Brooklyn housing project, Lloyd Blankfein viewed a towel as a forty-year asset rather than a disposable item. In his new memoir, Streetwise, the former Goldman Sachs CEO details how his hardscrabble upbringing created a persistent psychological friction with the extreme affluence he encountered later in life.
Warren Buffett has long moved markets with a whisper, but "The Big Short" investor Michael Burry is now testing a different kind of influence. As Burry broadcasts his bearish bets on high-flying tech stocks in near real-time, analysts are debating whether his contrarian calls are actively triggering sell-offs across the sector.
While global wealth grew by 11% last year, the benefits remained largely locked at the top, leaving the vast majority of the population behind. A new report from UBS reveals that the wealthiest 1.5% of people now control nearly 50% of the world's total assets, deepening the divide between the rich and everyone else.
Sophia Oguri spends her mornings in a flurry of meetings, but the applied AI engineer insists the marathon sessions are the secret to Blackstone’s $150 billion data center bet. By embedding directly with analysts on live deals, she translates complex human workflows into functional, automated software prototypes.
A Delaware judge has ordered JPMorgan Chase to continue covering the legal expenses of Charlie Javice, the disgraced fintech founder currently appealing a seven-year prison sentence. The bank had sought to halt payments, citing extravagant billing that included hundreds of dollars spent on gourmet seafood and snacks.
Michael Pope, the energy sector head who helped launch Freestone Grove just two years ago, is departing the firm. His exit marks a strategic pivot for the $6.5 billion hedge fund, which is dissolving its dedicated energy team to reallocate resources toward other market sectors.
High-income earners are increasingly utilizing a permanent tax provision to offset significant W-2 earnings through short-term rental investments. By leveraging bonus depreciation, investors can deduct substantial portions of property costs from their annual tax bills, with some claiming six-figure government-subsidized savings on new real estate acquisitions.
After eight years of defining Wedbush Securities through aggressive tech bullishness and a penchant for neon tailoring, Dan Ives is stepping down. The outspoken analyst intends to pivot toward a new merchant bank venture, shifting his focus from equity research to serving large corporations and high-net-worth clients across the energy and technology sectors.
A surging equity market fueled by a decisive resolution to the conflict in Iran has propelled the industry’s largest multistrategy managers to strong mid-year returns. With the S&P 500 climbing 15% in the second quarter alone, major firms like Point72 and Millennium have capitalized on the broader market recovery.
Michael Burry, the investor famously depicted in The Big Short, has doubled down on his skepticism toward the artificial intelligence rally. In a recent Substack update, he revealed a series of fresh short positions against Tesla, Caterpillar, Nvidia, Applied Materials, and the iShares Semiconductor ETF, signaling a deepening bet against market overvaluation.
While critics argue that prediction markets invite illicit activity, Kalshi CEO Tarek Mansour contends that the traditional stock market is far more opaque. He suggests that the direct nature of event-based betting makes suspicious behavior easier to isolate, whereas the breadth of corporate trading provides too much cover for bad actors.
Donald Trump reported over $1 billion in income from cryptocurrency ventures in 2025, marking a rapid transformation of digital assets into a cornerstone of his personal wealth. The figures, revealed in his annual financial disclosure, highlight the deepening overlap between the president’s business empire and his administration’s industry-friendly policy agenda.
Over the past four days, Tesla CEO Elon Musk has amplified a series of social media posts attacking MacKenzie Scott’s charitable giving. The billionaire, who has previously labeled Scott’s efforts concerning, responded to claims that her multi-billion dollar distributions to non-profits have failed to produce meaningful societal improvements.
conflict: The long-standing reign of market bears Jeremy Grantham and Michael Burry is facing a hostile audit. As the S&P 500 hits record highs, the duo finds themselves under fire—not just from the market’s relentless climb, but from vocal critics and peers who characterize their persistent warnings as outdated, broken-clock pessimism.
Clients are increasingly demanding that consulting firms share the financial risks of artificial intelligence projects, moving away from traditional hourly billing. As companies grapple with the uncertain returns of AI transformations, they are pushing providers like Accenture and BCG to tie compensation directly to measurable performance outcomes.
Financial influencer Haley Sacks recently sparked a debate by labeling the FIRE movement—financial independence, retire early—a "sham" akin to "financial anorexia." Yet, seasoned practitioners argue that judging the philosophy by its most extreme, ascetic examples ignores the reality of a flexible, modern approach to wealth and life design.
Conflict defines the corner office at JPMorgan Chase. By elevating Troy Rohrbaugh and Doug Petno to co-presidents, the bank has effectively narrowed the field to two, creating a high-stakes internal competition to eventually succeed longtime CEO Jamie Dimon, whose own tenure shows no immediate signs of concluding.
The House Oversight Committee escalated its inquiry into Jeffrey Epstein’s network on Friday, issuing two subpoenas to billionaire Leon Black mid-interview. Chairman James Comer took the action after the former Apollo Global Management CEO refused to answer questions regarding non-disclosure agreements potentially linked to the late sex offender.
A lineup of A-list investors, from Khloé Kardashian to Ice Spice, now graces the windows of a Nolita deli. Phia, the fashion-meets-AI startup co-founded by Phoebe Gates and Sophia Kianni, has bypassed traditional tech press releases to announce its $35.5 million Series A funding round at a local bodega on Kenmare Street.
JPMorgan Chase has elevated investment banking co-heads Doug Petno and Troy Rohrbaugh to the role of co-presidents, marking the bank’s most definitive move yet in the search for a successor to long-standing CEO Jamie Dimon. The appointments arrive as the firm begins a significant executive transition.
A framed Lululemon shopping bag hangs in Michael Burry’s conference room, a relic from 2011 featuring the phrase "Who is John Galt." For the investor famously depicted in The Big Short, the bag represents a deliberate act of corporate alienation that he keeps as a reminder of the power of contrarian branding.
Vasudha Saxena describes the Security and Resiliency Initiative as a startup nested within a banking giant, tasked with directing $1.5 trillion toward strategically vital US industries. Eight months into the project, the team is navigating complex, multi-party deals involving defense, artificial intelligence, and critical mineral infrastructure that defy traditional investment banking norms.
Ryan Cohen has abruptly pulled a controversial $35 billion compensation package from GameStop’s upcoming shareholder vote, signaling an all-in bet on his unsolicited bid for eBay. The CEO aims to prove his commitment to the acquisition while facing skepticism from investors over the logistics of merging the two disparate retailers.
With 58% of American viewers planning to wager on the upcoming World Cup, the tournament is poised to become the largest gambling event in US history. As the field expands to 48 teams, experts warn that the relentless influx of betting advertisements requires a disciplined approach to avoid financial fallout.
