Michael Burry, the investor portrayed in the film "The Big Short," has renewed his warning that the current stock market rally could end in a sharp selloff similar to the 1987 crash. Burry made the comments in a Substack post on August 4, even as the S&P 500 index closed...
Chipotle Mexican Grill has initiated an emergency supply chain intervention by pulling fresh jalapeños from multiple restaurant locations amid a rapidly expanding public health investigation into a major salmonella outbreak. Corporate executives confirmed the swift operational changes late Tuesday after regional healthcare tracking data directly linked the restaurant’s fresh ingredients...
The top court has also asked the Centre to examine the possibility of creating a shared liability and victim compensation framework for cyber fraud cases. (AI-generated image) The Supreme Court has ordered a coordinated nationwide response to "digital arrest" scams, directing banks, financial intermediaries and law enforcement agencies to work together...
Aug 4 (Reuters) - New Jersey sued Amazon.com on Tuesday, accusing the online retailer of abusing its market power over independent delivery drivers, court records showed. New Jersey's Attorney General Jennifer Davenport said in the antitrust lawsuit that Amazon uses its dominance to impose low pay and poor conditions on drivers...
Palantir Technologies reported its financial results for the second quarter of 2026, surpassing Wall Street expectations across all primary metrics and driving a double-digit surge in company shares. Total revenue for the quarter reached $1.94 billion, marking a 93% increase compared to the same period in the previous year....
Descartes Systems Group has scheduled a conference call and simultaneous audio webcast to discuss its second quarter fiscal 2027 financial results at 5:30 p.m. Eastern Time on Thursday, September 10, 2026. Participants in North America can join via toll-free number +1 800 717 1738, or via +1 289 514 5100,...
August 4, 2026 - Yamaha Motor Co., Ltd (Tokyo: 7272) announced its decision today to implement sweeping structural reforms to its Outdoor Land Vehicle (OLV) business. As part of these reforms, the Company will discontinue in-house production of recreational off-highway vehicles (ROVs) at Yamaha Motor Manufacturing Corporation of America (YMMC)...
Citadel Securities, the largest U.S. market maker, told clients on August 4 that the U.S. bull market remains intact despite sharp retail-driven selloffs in technology shares. The firm said the market is transitioning from liquidity-driven gains to one led by earnings, demand and macroeconomic data. Citadel cited data showing the...
President Donald Trump on Monday publicly attacked ExxonMobil and Chevron, declaring the two largest U.S. oil companies made "too much money" following the surge in crude prices since the Iran war began five months ago. "They're making too much money based on a shortage," Trump told reporters at the White House....
Hackers have exploited a critical software vulnerability in Coldcard hardware wallets to drain more than 1,755 Bitcoins worth approximately $110 million from roughly 5,000 wallets in an ongoing attack. Coldcard devices, manufactured by Canada-based Coinkite Inc., are specialized hardware units designed to keep cryptocurrency offline in cold storage, isolated from...
