Independent thinking for complex markets and current events
JUST IN: Michael Burry says that Meta $META and Oracle $ORCL are hiding billions in losses and overstating earnings by over 20%. byu/TonyLiberty inFluentInFinance J.P. Morgan calls out AI spend, says $650 billion in annual revenue required to deliver mere 10% return on AI buildout — equivalent to $35 payment from every iPhone user, or …
In US BLS numbers for Q3 (published end April) should have been the wake-up call, but everyone still asleep at the wheel. 190k jobs destroyed over Q3 (600 k creations were expected from nfp surveys). Talking about hard data… — Manu (@SolalM) June 11, 2024 Global labor market slowdown is underway UK Claimant claims largest …
Asia Hedge Fund Founders Shut Shop for Big Pay at Global Giants (Bloomberg) — Hedge fund founders in Asia are jumping ship to global giants from Citadel to Millennium Management as the struggles of capital raising and pressure to make higher returns curb the attractiveness for some managers’ solo endeavors. Torq Capital Management Chief Investment …
Burger King is being sued in a proposed class action lawsuit by customers seeking at least $5 million each after the fast food giant is claimed to have portrayed their Whopper burgers as 35% larger in advertisements. Customers in the action have accused the fast food giant of showcasing the burgers with ingredients that ‘overflow …