Value investor Seth Klarman added Amazon last quarter. Here’s what else he bought
The Boston-based hedge fund manager took a new position in the hyperscaler amounting to $489.7 million.
Anthropic releases Claude Sonnet 4.6, continuing breakneck pace of AI model releases
Claude Sonnet 4.6 is more consistent with coding and is better at following coding instructions, Anthropic said.
Return of ‘YOLO’ market: Wells Fargo thinks hefty tax refunds will boost bitcoin and these speculative stocks
Bitcoin and stocks such as Robinhood and Boeing could surge as potentially higher tax refunds this season lead investors to splurge on riskier trades.
Amazon snaps 9-day losing streak during which it lost more than $450 billion in value
Amazon expects to spend $200 billion this year on AI initiatives, the company said when it reported earnings.
Hedge fund manager Rob Citrone is short U.S. stocks. Here’s why
The Discovery Capital Management founder and portfolio manager said capital expenditures on AI are risks to major U.S. companies.
Iran partially closes Strait of Hormuz, a vital oil choke point, as Tehran holds talks with U.S.
Iranian state media reported the partial closure of the Strait of Hormuz on Tuesday for military drills in the waterway.
Silver miners fall trading as the metal drops 2%
Silver mining companies including Hecla Mining, Endeavor Silver, and First Majestic Silver were down before the market opened.
Netflix grants WBD waiver to reopen deal talks with Paramount, Sarandos says ‘let them make a move’
Warner Bros. Discovery on Tuesday said it will engage in deal talks with Paramount Skydance under a 7-day waiver from Netflix.
India discussing age-based restrictions with social media firms, top minister says
The comments come after Australia in December became the first to ban users under the age of 16 from accessing major social media platforms.
Gold slips to one-week low as safe-haven buying stalls, dollar strengthens
Gold extended losses, pressured by easing geopolitical tensions in Iran and Russia, as well as a stronger dollar.
