Michael Burry has terminated his registration with the SEC and announced the closure of his hedge fund, Scion Asset Management, naming protege Phil Clifton as the heir apparent to his investment business. Burry, who is most well-known for his role betting against the housing market in the 2008 financial crisis, has generated a whirlwind of headlines over the past two weeks. More News from Barchart The Bigger Short Last week, Burry disclosed that his firm had taken a bearish position against Nvidia (NVD ...

Market Overview - The Dow Jones Industrial Average fell by 798 points, or 1.7%, marking its worst day in over a month after reaching a record high the previous day [1][5] - The S&P 500 decreased by 1.9%, primarily driven down by Disney's disappointing revenue report, which caused its shares to drop by 8% [1][3] - The tech-heavy Nasdaq declined by 2.3%, as concerns grew over the potential overvaluation of AI stocks, exacerbating a sell-off that began the previous week [2][3] Tech Sector Performance - The "Magnificent Seven" tech firms, which have committed billions to AI initiatives, experienced significant stock declines, with Nvidia, Broadcom, and Tesla falling by 3.6%, 4.3%, and 6.6% respectively [3][6] - Alphabet and Amazon each saw their shares decrease by approximately 3%, while Microsoft shares dipped by 1.6% and Meta remained relatively flat [3] Economic Data and Interest Rate Expectations - The U.S. government reopened after its longest shutdown, which had delayed crucial monthly jobs and inflation data, vital for interest rate expectations [4][6] - The likelihood of a quarter-point interest rate cut dropped to 51.9%, a decrease of over 10% from the previous day, reflecting investor concerns about the lack of economic data [9] - National Economic Council Director indicated that the October jobs report would be released after a delay but would not include the unemployment rate, raising concerns about the Federal Reserve's ability to make informed decisions [7][10]

Artificial intelligence fueled a stronger-than-expected earnings season for Japan’s tech sector https://t.co/0lDJ0Zjd8b ...

Core Points - U.S. President Donald Trump is funding a $300 million White House ballroom with contributions from himself and 37 donors, including various sectors such as tech, crypto, and philanthropy [1][20] Tech Sector - Major tech companies have contributed, including Amazon, Apple, Google, Meta, Microsoft, and others, with each donating $1 million to Trump's inauguration [3][4][8][20] - Amazon's streaming service paid $40 million for a Melania Trump documentary, and its cloud division is a significant government contractor [3] - Apple CEO Tim Cook has engaged with Trump on EU tax issues and presented him with a customized glass plaque [4] - Microsoft CEO Satya Nadella has met Trump multiple times regarding AI regulations [8] Crypto Sector - Notable crypto donors include Coinbase, Ripple, Tether, and the Winklevoss twins, who have been active in supporting pro-Trump initiatives [10][11] - Trump has eased regulations on cryptocurrencies, which has positively impacted firms like Ripple [11] Energy & Industrial Sector - Companies like Caterpillar and NextEra Energy have contributed, with Caterpillar primarily supporting Republican initiatives [12] - NextEra Energy is the largest U.S. electric utility, aligning with Trump's vision for tech companies needing electricity for AI data centers [12] Philanthropy - The Adelson Family Foundation and other philanthropic organizations have made contributions, focusing on various causes including support for Israel and the arts [13] Defense & National Security - Defense contractors like Booz Allen Hamilton and Lockheed Martin have shown support for Trump's initiatives, with Booz Allen settling government lawsuits under the Biden administration [17] Individual Donors - Several individual donors, including biotech entrepreneur Stefan E. Brodie and sports team owners like Edward Glazer, have contributed to Trump's campaigns [18][19]

By Elvira Pollina MILAN (Reuters) -Italian tech company Bending Spoons could list as early as next year, when it expects to double adjusted earnings after buying video streaming platform Vimeo and web ​portal AOL, its chief executive told Reuters. In a wide-ranging interview, one of Europe's leading tech ‌investors and operators joined other business leaders in warning about the risk of an artificial intelligence bubble, and urged Europe to focus on deregulation to ‌retain innovative companies. "I don't ...

Core Insights - The article discusses how geographic location significantly influences the potential for earning a six-figure salary in the U.S. [2][4] - A study by ScoutLogic analyzed nearly 40 metropolitan areas to identify where high-paying jobs are most accessible, considering factors like job market strength, salary growth, and living costs [3][5] Summary by Sections Salary Potential by Location - Certain metropolitan areas, particularly those with strong tech, government, and corporate sectors, offer more opportunities for six-figure salaries [4][6] - The study emphasizes that while location is crucial, the demand for specific skills also plays a significant role in salary potential [6][7] Top Metropolitan Areas for Six-Figure Salaries - The top five metropolitan areas identified for six-figure salary opportunities are: 1. San Jose, CA - 64.7% of jobs pay over $100K, with a median household income of $157,444 and a salary growth rate of 6.5% [8][11] 2. San Francisco, CA - 59.8% of jobs pay over $100K, median income of $133,780, and a growth rate of 2.8% [8][11] 3. Denver, CO - 18.4% of jobs pay over $100K, median income of $102,339, and a growth rate of 5.4% [9][11] 4. Washington, D.C. - 26.4% of jobs pay over $100K, median income of $123,896, and a growth rate of 2.3% [9][11] 5. Portland, OR-WA - 13.2% of jobs pay over $100K, median income of $94,573, and a growth rate of 5.7% [10][11] Comparison of Other Major Metros - Other notable metropolitan areas include Boston and Seattle, which have a higher percentage of six-figure jobs but rank lower due to higher living costs [12][11] - San Diego, Charlotte, and Salt Lake City also feature in the top 10, balancing income potential with moderate living expenses [13][11] Detailed Data on Salary Opportunities - The article provides a detailed table of various metropolitan areas, showing the percentage of jobs paying over $100K, median household income, salary growth rates, estimated monthly costs, and overall six-figure opportunity scores [13][14]

CONCLUDED Stock Market News for Wednesday, Nov. 12, 2025: Dow Tops 48,000 With Shutdown End in Sight Last Updated: 1 hour ago The Dow Tops 48,000 for First Time as Big Tech Weighs on Nasdaq By Connor Smith The Dow Jones Industrial Average closed north of 48,000 on a day when Magnificent Seven stocks dragged on the other major indexes. Memberships Subscribe to Barron's Tools Customer Service Customer Center Network The Wall Street Journal The blue-chip index rose 327 points, or 0.7%. The S&P 500 rose 0.1%. T ...

Core Viewpoint - Wells Fargo has downgraded the S&P 500 Information Technology sector from 'Overweight' to 'Neutral' due to concerns over high valuations and overheated sentiment in the AI-driven tech rally [1] Valuation Concerns - Technology stocks are currently trading at over 46 times earnings, significantly higher than the S&P 500's average of 29 times, making them vulnerable to minor earnings disappointments [2] - The IT sector has surged approximately 60% since April, outperforming the broader S&P 500 by over 25 percentage points [4] Earnings and Market Risks - Expectations for the tech sector have risen too quickly, leading Wells Fargo to believe that high valuations and investor enthusiasm could result in underperformance if earnings fall short [6] - Ongoing U.S.–China trade tensions and concerns regarding returns on AI-related capital expenditures are additional market risks [7] Investment Strategy - Wells Fargo suggests that investors should "lock in gains" by reducing their exposure to the tech sector, despite the potential for a short-lived pullback [8] Broader Market Sentiment - Other market players, including Michael Burry, have also expressed bearish views on tech stocks, warning that mega-cap firms may be inflating profits through aggressive accounting related to AI investments [9] - Burry estimates that major tech firms could understate depreciation costs by approximately $176 billion between 2026 and 2028, artificially inflating reported profits [11]

Group 1 - Recent pullback in leading artificial intelligence stocks has raised concerns about stock price momentum and market leadership, exacerbated by the absence of economic data due to government shutdown [1][8] - Valuation concerns are becoming more prominent as market outlook appears murky, with the Mag 7 group trading at a 36% premium relative to the market [2][3] - Despite recent weaknesses, Mag 7 stocks have shown a year-to-date increase of +17.9%, outperforming the market's +16% gain [4] Group 2 - The Mag 7 group's earnings for Q3 are projected to increase by +26.7% year-over-year, with revenues up by +17.6%, following a previous quarter of +26.4% earnings growth [6] - Not all members of the Mag 7 group are contributing equally, with Tesla experiencing a -39.5% earnings decline while Alphabet sees a +33% increase [6] - The Mag 7 group is expected to account for 25.3% of all S&P 500 earnings in 2025, up from 23.2% in 2024 and 18.3% in 2023 [14] Group 3 - Q3 earnings results from 451 S&P 500 members show a total earnings increase of +14.6% year-over-year, with 82.7% beating EPS estimates [15] - In the Tech sector, earnings are up +24.4% year-over-year, with 87.9% of companies beating EPS estimates [20] - Current earnings growth expectations for the S&P 500 index are projected at $260.83 for 2025 and $291.90 for 2026 [29]

Core Viewpoint - Recent turbulence in tech stocks is attributed to short-term investor anxiety rather than a long-term shift in the AI-driven bull market [1] - Despite concerns about an "AI bubble," the underlying fundamentals of the tech sector remain strong [1] Group 1: Market Outlook - Tech stocks are expected to rise by 8%–10% by year-end as investors position for the next phase of the AI revolution [2] - Continued growth in AI spending is anticipated to support the tech sector's bull market for at least the next two years [6] Group 2: Capital Expenditure Trends - The technology sector is entering a multiyear capital expenditure supercycle, which is a key component of the "fourth industrial revolution" [3] - Big Tech capital expenditures could increase to between $550 billion and $600 billion by 2026, up from approximately $380 billion this year [3] Group 3: Company-Specific Insights - Palantir Technologies is identified as a key barometer for enterprise AI adoption, with strong U.S. commercial growth indicating widespread corporate investment in AI [4] - Nvidia is highlighted as the foundational company enabling AI infrastructure globally, with a significant value creation ratio of $8–$10 for every $1 spent on its technology [5] Group 4: Competitive Landscape - The current environment is described as an "AI arms race," driven by aggressive investments from Big Tech [4] - Companies like Snowflake Inc and MongoDB Inc are expected to experience similar momentum in AI integration as more businesses adopt these technologies [4]