August 15, 2023

Markets Now

Michael Burry, of 'Big Short' fame, just bet $1.6 billion on a stock market crash

Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash.  
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Retail earnings this week could say a lot about the state of America's economy

Earnings season continues this week with Target, Walmart, TJ Maxx parent company TJX and other high-profile retailers set to release their quarterly results.  
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Janet Yellen explains her 'magic mushroom' experience in China

US Treasury Secretary Janet Yellen ate a “magic mushroom” on a recent trip to Beijing, but the aftereffects don’t sound that special.  
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Russia's central bank raises interest rates to 12% after the ruble plunges

Russia’s central bank hiked its main interest rate by 3.5 percentage points to 12% Tuesday after the ruble hit a 17-month low the previous day.  
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Home Depot sales sink, but Warren Buffett is betting big on housing

Home Depot’s sales dropped 2% during its latest quarter as consumers took on fewer major home projects. Still, Warren Buffet is betting big on home builders.  
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Dunkin' Donuts to sell alcoholic coffee and tea

Dunkin’ Donuts to introduce new spiked coffee and tea at grocery and package stores across 12 states in late August.  
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Source: CNN Business

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