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Michael Burry makes first-ever bet against longtime favorite stock

Michael Burry has shorted homebuilders, banks, tech giants, and even the SpaceX option he ultimately walked away from, as discussed in my previous SpaceX coverage.  Burry has been a longtime bull on heavy industrial stocks, and Caterpillar specifically has been a profitable and working stock for him on the long side multiple times over the

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Rocket Lab’s $8B Iridium deal opens new satellite-phone test

Rocket Lab’s $8 billion Iridium deal gives the space company something that cannot be built overnight: a global satellite communications network. The company is buying Iridium Communications (IRDM) to move deeper into satellite networks, spectrum, and recurring communications revenue. Owning that network is only the first step. Rocket Lab still has to show what kinds

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Schwab outlines a Roth IRA blueprint worth over $700K

Parents weighing tax-advantaged savings vehicles for their children are increasingly comparing newly launched Trump Accounts against custodial Roth IRAs, a vehicle that has been available for decades. Charles Schwab published a modeling exercise showing how a custodial Roth IRA, funded with a teenager’s summer earnings, can generate a six-figure retirement advantage over an adult who

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