Michael Burry says sell and Jim Cramer says buy. As the Fed meets, here’s how they both could be wrong on stocks.

Michael Burry says sell and Jim Cramer says buy.  As the Fed meets, here’s how they both could be wrong on stocks.

Michael Burry, the hedge-fund manager at Scion Asset Management who correctly forecast the 2008 financial crisis, on Tuesday night sent out a one-word tweet: “Sell.” Burry didn’t elaborate, but it’s not hard to fill in the blanks. Assets like bitcoin and ARK Innovation ETF surged in January, in a seeming dash for trash on the … Read more

Erdogan: Sweden can’t join NATO if Quran-burning is allowed

Erdogan: Sweden can’t join NATO if Quran-burning is allowed

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan reaffirmed Wednesday that Turkey won’t allow Sweden to join the NATO military alliance as long as the Scandinavian country permits protests desecrating Islam’s holy book to take place Turkey, which had already been holding off approving Sweden and Finland’s membership in the Western military alliance, has … Read more

Automakers Don’t Want to Get in an EV Price War With Tesla — For Now

Photo: Roger Kisby (Getty Images) Automakers all want you to know they don’t like the stunt Tesla’s pulling, lawmakers have reintroduced legislation in the hopes of making catalytic converter theft harder and BYD is trying to do the impossible in Japan. All that and more in The Morning Shift for February 1, 2023. 1st Gear: … Read more

Bed Bath and Beyond is closing 87 more stores. See the list

New York CNN — Bed Bath and Beyond is closing another 87 stores as the struggling retailer barrels towards bankruptcy. The closing stores are in addition to the 150 closures Bed Bath and Beyond announced last August. Included in the new list are 5 buybuy Baby locations and all 49 remaining Harmon Face Value stores, … Read more

Britain hit by biggest day of strikes in a decade as pay disputes escalate

London CNN — As many as half a million workers are striking across Britain on Wednesday, closing schools, canceling university lectures and bringing most of the rail network to a standstill in what unions say will be the biggest single day of walkouts in more than a decade. Teachers, university staff, train drivers and civil … Read more

Hong Kong is criminalizing CBD as a ‘dangerous drug’ alongside heroin

Hong Kong CNN — Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already well-established in countries around the world. That all came to an end on Wednesday, when CBD was criminalized in … Read more

General Motors expects to boost EV production in the second half

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – When General Motors Launched the GMC Hummer EV … Read more

US spends most on health care but has worst health outcomes among high-income countries, new report finds

CNN — The United States spends more on health care than any other high-income country but still has the lowest life expectancy at birth and the highest rate of people with multiple chronic diseases, according to a new report from The Commonwealth Fund, an independent research group. The report, released Tuesday, also says that compared … Read more

‘Hands off Africa!’: Pope blasts foreign plundering of Congo

KINSHASA, Congo (AP) — Pope Francis demanded Tuesday that foreign powers stop plundering Africa’s natural resources for the “poison of their own greed” as he arrived in Congo to a raucous welcome by Congolese grateful he was focusing the world’s attention on their forgotten plight. . Tens of thousands of people lined the main road … Read more

General Motors expects to boost EV production in the second half

Production is now set to begin at the former Detroit-Hamtramck assembly plant, less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and SUVs. Photo by Jeffrey Sauger for General Motors DETROIT – When General Motors Launched the GMC Hummer EV … Read more