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 […]

Sticky inflation just showed up in a place we’d rather not put in a spreadsheet.  That inflation setup fits Bank of America’s latest report shared with me, which shows the pressure building in categories couples actually buy into.  The note shows consumers are still spending a ton on weddings, even as they look to stretch

Wall Street just slapped Micron Technology (MU) with two historic price targets in the same week. Susquehanna now projects the memory-chip maker to hit $2,000 a share, while Phillip Securities set its own call at $1,870. Both numbers followed an exceptional third quarter that ran far ahead of expectations. A year ago, Micron traded near

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

Gold is the asset people reach for when they stop trusting everything else. It does not pay a dividend, it does not report earnings, and it does not promise to grow. Its entire pitch is that it holds value when paper money, banks, and governments wobble. For most of the past two years, that pitch

Charitable donations often come with valuable tax benefits, but an overlooked aspect of the tax code can quietly reduce both the impact of a gift and the value of the deduction. In its education materials on gifting appreciated assets, Fidelity walks through why selling first and donating the proceeds usually leaves both the donor and

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

The $1,000 government deposit set to begin reaching Trump Accounts after their July 4 launch has grabbed most of the attention, and more than 6 million children have already been enrolled in the program, though only about 1.4 million of them qualify for the seed contribution. However, financial planners and tax attorneys say the seed

With talks to end the Iran war continuing to hit roadblocks and delays, the security situation across much of the Middle East remains too volatile for many airlines. The most recent exchange of strikes between U.S. and Israeli forces in the Strait of Hormuz took place on June 28. Delta Air Lines recently extended the

President Donald Trump bought a sizable stake in Axon Enterprise this year, the maker of the taser and a growing lineup of policing technology.  Two weeks later, Immigration and Customs Enforcement asked vendors for thousands of new tasers built to specifications that experts say match only Axon’s gear. Nobody has indicated that Trump knew about