What's breaking now, across thousands of outlets.
The losses that forced hedge fund Situational Awareness to sell stocks at deep discounts appear to be the result of highly concentrated positions in crowded trades, rather than a concerted effort by short-sellers, according to the founder of a company that analyzes short positioning data.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts turbocharged financial…
Plus, Palantir shares surge and the AI trade roars back.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Base model produced an NPV of $254.7 million at a 5% discount rate before it applied a gold price of $4,245.22 per ounce, lifting the estimate by 101%.
Net earnings fell to $41 million, but the company saw its best quarter for retention ever on Paramount+.
