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Investor Michael Burry made hundreds of millions of dollars as the Great Financial Crisis unfolded by shorting subprime mortgages. This would lead to his eventual portrayal in the film “The Big Short,” positioning him as a famed investor. Burry’s hedge fund, Scion Asset Management, is now defunct. However, he remains a part of the investment zeitgeist, providing his takes on various assets. Notably, Burry recently made his opinion known on one of the most beaten-down corners of the stock market in 2026: online sportsbook stocks. The two most notable names in this space are and . DraftKings operates a sportsbook…

Semiconductor Index Correction Could Be Complete In our June 25 update on the semiconductor index (), we found, using the Elliott Wave Principle (EWP), that “the June 22 high is now labeled red Wave-iii [W-iii], and red Wave-iv [W-iv] is now underway, ideally targeting $10,870 – $11,765” Fast-forward to today: the index bottomed at $11,960 on July 7 (see Figure 1 below). Using the EWP, we forecast the next move days in advance with 98% accuracy. Thus, the series of updates we’ve presented for the SOX, using forward returns and the EWP since late April, remains on track. Figure 1.…

Buyout firm Francisco Partners is in advanced talks to acquire a controlling stake in construction software maker Command Alkon Inc. for as much as $1.3 billion, a sign that investors still see value in sector-specific software.

Great Britain’s grid operator has brought in independent investigators to look into accusations that its staff were involved in a cover-up over the power system being at a greater risk of blackouts during the heatwave.The government-owned energy system operator will face the scrutiny of an external legal firm after a whistleblower claimed that control room staff were warned against leaving a paper trail relating to efforts to stabilise the power system during record high temperatures in late June.The accusations, which were raised in parliament last week by the Conservative shadow minister Claire Coutinho, include claims that senior bosses at the…

The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued guidance to remind supervised financial institutions of existing supervisory expectations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the United States. As the guidance discusses, lending to individuals who are not legally authorized to work in the United States may present elevated credit risk because a borrower’s ability to generate income, maintain employment, and remain financially stable may be subject to greater uncertainty. Among…

Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year “hibernation” tied to regulatory issues surrounding the broader Binance brand.Gregory said Binance.US is a separate U.S.-only entity with its own governance structure, though it shares a common beneficial owner and brand name with Binance.com.He said the exchange previously held roughly 20% of the U.S. crypto exchange market and is targeting a return to that level.Gregory said Binance.US is now licensed exclusively to serve U.S. customers.What this means: Binance.US is trying to compete with exchanges such as Coinbase and Kraken by emphasizing lower…

closed Friday at $44.37, up 3.72%, capping an 8% post-earnings rebound off the $40 handle that marks a decade low and its 52-week floor, and it enters Monday’s risk-off session as a fallen angel the market is cautiously trying to buy back. The stock changed hands at $41.05 on June 30, a hair above the $40.00 low, before the fiscal fourth-quarter print lit a recovery that carried it to $44.37 by Friday. Market cap sits at $65.7 billion on a 1.13 beta, with volume running near 20 million against a 23.9 million average. The 52-week range tells the story of…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxAgnes AI has launched Agnes-2.5-Flash, the newest generation of its text model, purpose-built for coding and agentic tasks.The company also announced Agnes-2.5-Pro, a larger flagship model aimed at more complex, long-running agent work, which follows later this month.Alongside the model release, Agnes AI introduced Agnes Code, a desktop workspace where developers can put the new model to work directly inside real projects.Bruce Yang“The constraint on agentic coding isn’t capability. It’s cost. Agnes-2.5-Flash removes that constraint entirely.Agnes-2.5-Pro pushes further for teams that need more depth.”said Bruce Yang, Founder &…

ICYMI – UAE plans new Fujairah port to bypass Strait of Hormuz, FT reports !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz

Wells Fargo has one job to do to sustain its struggling stock’s recent bounce. It’s not complicated. The stakes are high going into earnings on Tuesday morning, following two consecutive lackluster quarters . Wells Fargo’s path back into our good graces is simple: It needs a clean beat across key metrics. “It has had two mixed quarters back to back. That should create an easier setup into earnings. The expectations are low, but just because expectations are low doesn’t mean we should give it a pass,” Club portfolio director Jeff Marks said during Monday’s Morning Meeting . “We do need…