Michael Burry, the ‘Big Short’ investor famed for predicting the 2008 financial crisis, has issued a dire warning about the trajectory of the U.S. stock market. On Wednesday, Burry highlighted a rare shift in household wealth allocation—stocks overtaking real estate—suggesting it serves as a historic harbinger for a downturn that could last for years.The ‘Exhibit 12’ SignalTaking to X, Burry shared a chart titled “Exhibit 12,” sourced from Wells Fargo Securities and Bloomberg. The data tracks U.S. household ...

BANGKOK (AP) — Japan's exports climbed 6% in November from a year earlier, with shipments to the United States rising for the first time since March as uncertainties over tariffs abated following a trade deal with the Trump administration. The preliminary data released Wednesday showed Japan's total imports rose 1.3% last month over a year earlier, leaving a surplus of 322.2 billion yen (about $2.1 billion). Exports to the U.S. rose nearly 9% from the year before as shipments of cars, chemicals and came ...

Group 1 - The US President has ordered a blockade on all sanctioned oil tankers entering and exiting Venezuela, labeling the Venezuelan regime as a foreign terrorist organization [1] - Venezuela is already producing significantly below one million barrels per day, with most crude being sold at a deep discount to China, indicating that a blockade may not drastically reduce global oil supply [2][8] - Experts suggest that a full embargo could potentially remove between 800,000 to 900,000 barrels from the market, which might lead to a price increase of $2 to $3 in a worst-case scenario [2][5] Group 2 - The current oil prices are at their lowest since February 2021, influenced by oversupply concerns and geopolitical factors, including a potential peace plan between Russia and Ukraine [3] - Venezuela accounts for about 2% of global oil exports, and any significant reduction in exports could materially affect oil prices due to the marginal pricing mechanism [6] - The enforcement of sanctions may only impact a portion of Venezuelan oil supplies, particularly those already sanctioned and primarily exported to China, potentially affecting around 400,000 barrels per day [9][11] Group 3 - The situation remains uncertain as there has been no concrete action taken yet, and the actual impact will depend on the US government's follow-through on Trump's statements [7][10] - The oil market is currently experiencing oversupply, which is contributing to the weakness in oil prices, with estimates of oversupply ranging from one million to four million barrels per day [14] - OPEC may respond to the US blockade by potentially cutting production in the future, as historical actions have been influenced by both market conditions and geopolitical factors [15][17]

Core Points - The European Union is proposing to soften emissions rules for new cars, effectively scrapping a ban on combustion engines due to pressure from the automotive industry [1][3] - The proposal allows carmakers to slow the rollout of electric vehicles (EVs) in Europe, aligning the region more closely with the US, where efficiency standards are being relaxed [2][3] - The new regulations will require a 90% reduction in tailpipe emissions by the middle of the next decade, compared to the previous goal of 100% reduction [5] Industry Impact - The proposal is expected to be adopted by EU commissioners and will undergo discussions in the European Parliament and EU Council, with potential amendments from each institution [6] - Environmental groups express concern that the changes may create loopholes that undermine Europe's climate ambitions and hinder European manufacturers in competing with Chinese brands in the EV market [8][9] - The automotive industry, particularly German manufacturers, has lobbied for these changes to protect jobs and ease political tensions amid increasing competition and trade tariffs [10][11] Market Dynamics - Sales of new battery-electric cars have slowed, particularly in Germany, due to the withdrawal of purchase incentives, although growth is recovering with some subsidies returning [12] - The uptake of EVs varies significantly across Europe, with pure EV registrations accounting for 35% of sales in the Netherlands compared to only 8% in Spain [13] - The proposal package includes measures to boost the uptake of small electric vehicles made in Europe, including a 10-year exemption from certain safety and emissions requirements [14]

Core Insights - Aegis Critical Energy Defence Corp. has signed a Non-Disclosure Agreement (NDA) with Critical Infrastructure Technologies Ltd. to explore collaboration opportunities in secure energy and digital platforms [1][2][3] Group 1: Agreement Details - The NDA allows both companies to exchange confidential information and evaluate potential collaboration in areas such as secure energy, digital platforms, and critical infrastructure applications [2] - The agreement does not commit either party to a transaction but facilitates structured discussions while protecting proprietary information [2] Group 2: Company Profiles - Aegis Critical Energy Defence Corp. specializes in developing advanced battery energy storage systems for defense, critical infrastructure, industrial, and AI data center applications [5] - Critical Infrastructure Technologies Ltd. focuses on creating autonomous, high-capacity mobile communications technology, targeting sectors like mining, defense, and emergency services with its product Nexus 16 [4]

Group 1 - Mitsubishi UFJ Financial Group (MUFG) is set to invest over $4 billion for a roughly 20% stake in Shriram Finance [1] - The deal is expected to be closed on Friday [1]

Core Viewpoint - The content emphasizes the importance of conducting personal research and due diligence before making any financial decisions, particularly in relation to complex financial instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news and publications, personal analysis, and opinions, as well as materials from third parties for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for investment actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to consult competent advisors [1]. Group 2 - The website discusses the high risk associated with cryptocurrencies and CFDs, indicating that these are complex instruments that can lead to significant financial losses [1]. - Users are encouraged to understand how these instruments work and to assess their ability to take on such risks before investing [1]. - The website may include advertisements and promotional content, and FX Empire may receive compensation from third parties related to such content [1].

Core Insights - The recent IPOs in China, particularly in the AI and semiconductor sectors, have generated significant enthusiasm among retail investors, leading to substantial stock price increases, such as a 400% debut for one stock [1][2] - Companies like More Threads are being compared to Nvidia, but it is noted that such comparisons may be premature due to the early-stage nature of these firms and their relatively short operational history [3][4] Industry Overview - The Chinese government is actively fostering the semiconductor industry, aiming to develop a domestic ecosystem that can compete with US-based chip manufacturers, which has led to increased investor interest in companies like More Threads and Meta X [5][6] - The government has a long-term investment strategy in the semiconductor sector, which has resulted in a mix of private and state-backed funding for these companies, although they are not state-owned enterprises [15][16] Company Analysis - More Threads is focused on GPU production and aims to create a general-purpose chip rather than application-specific ones, positioning itself closer to Nvidia in terms of product offerings [6][12] - The company has shown capital discipline by opting to park the funds raised from its IPO in liquid assets rather than immediate expenditures, indicating a structured approach to R&D and long-term planning [28][29] Market Dynamics - The Chinese stock market has seen a significant uptick in tech-related stocks, particularly around February and March, with a notable interest in AI-related companies, suggesting a thematic investment trend among Chinese investors [8][9] - There is a potential bifurcation in the Chinese IPO market, with core semiconductor companies listed on the A-share market and application-focused companies appearing on the H-share market, which may influence future investment dynamics [26][27]

Santos has executed a conditional sale and purchase agreement to divest its 42.86% operated interest in the Mahalo Joint Venture in Queensland’s Bowen Basin to Comet Ridge Limited. The transaction delivers A$40 million in upfront consideration, with up to A$20 million in additional contingent payments tied to future production milestones. Separately, Santos has completed the sale of its 42.71% interest in the Petrel fields and its 100% interest in the Tern fields in the offshore Bonaparte Basin to Eni Au ...

The oil market currently sits between two distinctive scenarios, involving the growing supply risk from Venezuela, and prospect of a peace deal between Russia and Ukraine. On one hand, the prospect o... ...