‘Big Short’ investor Burry targets Tesla after slamming AI valuations

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‘Big Short’ investor Burry targets Tesla after slamming AI valuations

Dec 1 (Reuters) – “The Big Short” investor Michael Burry took aim at electric automaker Tesla in a blog post, saying the Elon Musk-led company is “ridiculously overvalued”, days after he voiced concerns about the current AI boom.Burry estimated that Tesla dilutes its shareholders at about 3.6% per year with n …

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Omnicom to cut 4,000 jobs, fold legacy ad brands after IPG takeover, FT reports

The advertising industry faces an existential reckoning as artificial intelligence reshapes creative production and tech giants like Meta make it easier for businesses to churn out ads at scale and speed.Omnicom’s high stakes acquisition of Interpublic Group is a bid to regain momentum in this shifting landsc …

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Explainer-How could Venezuela’s military respond to a US attack?

Trump has repeatedly said U.S. strikes on alleged drug boats in the Caribbean and Pacific, which have killed more than 80 people, could develop into land action in the South American country, although he has also reportedly held a call with Maduro and discussed a possible U.S. visit by the Venezuelan presiden …

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US LNG exports hit record high in November on cooler weather, strong output

HOUSTON, Dec 1 (Reuters) – U.S. liquefied natural gas exports hit an all-time monthly high in November for the second straight month, driven by cooler weather and robust output from the country’s two largest producers, preliminary data from financial firm LSEG showed on Monday.The U.S., the world’s top LNG ex …

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‘Big Short’ investor Burry targets Tesla after slamming AI valuations

💰 I Told You So… [sponsor]

‘Big Short’ investor Burry targets Tesla after slamming AI valuations

Omnicom to cut 4,000 jobs, fold legacy ad brands after IPG takeover, FT reports

Explainer-How could Venezuela’s military respond to a US attack?

US LNG exports hit record high in November on cooler weather, strong output

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