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After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position
After Bizarre CEO Interview On CNBC, Michael Burry Exits GameStop Position
Michael Burry has exited his position in GameStop Corp., saying the retailer’s reported bid for eBay Inc. changed the investment case, according to Bloomberg.
In a Monday post to his Substack subscribers, Burry said a potential $56 billion cash-and-stock acquisition would likely require too much debt and no longer aligned with his original thesis for GameStop. He had previously backed the company in 2019, a move that helped spark investor enthusiasm around the stock.
Burry wrote: “Wall Street does indeed mistake...
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Apr 16, 2026 / Tyler Durden
IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
IMF Warns Australia Set For One Of Highest Inflation Rates In Developed World
Authored by Rex Widerstrom via The Epoch Times (emphasis ours),
The International Monetary Fund (IMF) says Australia is on track to have one of the highest inflation rates in the developed world.
Australian dollars coins in Melbourne, Australia, on April 4, 2024. AAP Image/Joel Carrett
In the latest edition of its World Economic Outlook, the global lender said economies around the world “face repercussions [from] the direct impact of higher commodity prices, indirect second-order effects on inflation expectations—which tend to...
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Jun 10, 2026 / Dave DeCamp
US Strikes on Iran Cut Off Water Supply for 20,000 People: Iranian Media
US strikes against Iran that began on Tuesday night damaged two water reservoirs in Sirik county in Iran’s southern Hormozgan province, cutting off water supplies to 20,000 Iranians amid sweltering heat, Iranian media has reported. “Unfortunately, following this attack, 20,000 residents of the region have lost access to safe drinking water, and with temperatures ranging […]
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Mar 31, 2026 / Tyler Durden
Blue States Are Still Facing A Mass Taxpayer Exodus Long After COVID
Blue States Are Still Facing A Mass Taxpayer Exodus Long After COVID
Remember when blues state Democrats tried to enforce sweeping pandemic mandates for years after it became clear that covid was not the "mass killer" that the supposed experts claimed it would be? Remember when they called for people to be jailed for publicly speaking about scientific facts that contradicted the narrative? Remember when they called for people's children to be taken away if they refused to vaccinate?
Remember how millions of people left blue states in response to the...
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