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International Business Times UK

Niloy Chakrabarti

Big Short's Michael Burry Says Venezuela Raid Marks a Paradigm Shift as US Oil Stocks Poised to Soar

Michael Burry United States Oil Venezuela China Substack

Michael Burry bought GameStop shares before it was a meme stock. (Credit: Facebook.com)

The founder of Scion Asset Management, Michael Burry, is known for making contrarian bets. His most popular trade was against the housing market during the 2008 financial crisis, which netted him $700 million (£517.1 million). The trade was chronicled in the award-winning film The Big Short.

Burry recently shuttered his hedge fund amid AI bubble fears, and even placed massive bets against AI leader Nvidia and Palantir. He now writes on Substack, offering valuable insights into market dynamics for investors.

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Top stories on inkl right now

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama declared a state of emergency after two powerful earthquakes struck within a day, injuring 27 people, damaging infrastructure and isolating communities with landslides and blocked roads

International Business Times UK

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

Darializa Avila Chevalier criticizes NYPD’s ‘inaction’ in protecting Marble Hill protesters after ICE shot a man

The Guardian - US

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

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Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Protesters spent months occupying an ancient cottonwood. Then a tense standoff with US border patrol came to a head

The Guardian - US

Related Stories

Top stories on inkl right now

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama declared a state of emergency after two powerful earthquakes struck within a day, injuring 27 people, damaging infrastructure and isolating communities with landslides and blocked roads

International Business Times UK

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

Darializa Avila Chevalier criticizes NYPD’s ‘inaction’ in protecting Marble Hill protesters after ICE shot a man

The Guardian - US

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Protesters spent months occupying an ancient cottonwood. Then a tense standoff with US border patrol came to a head

The Guardian - US

Our Picks

San Francisco Church Criticised for Letting Adult Star Preach About 'Bodily Autonomy' in Kink-Leather

Metropolitan Community Church San Francisco has faced criticism after drag performer Honey Davenport delivered a sermon during Folsom Street Fair weekend.

International Business Times UK

Dakota Johnson Says She Grew Pubic Hair for 'Fifty Shades' Even Though the Film Added It Digitally

Dakota Johnson has discussed growing her pubic hair for her role in 'Fifty Shades of Grey', prompting renewed attention to grooming expectations and medical guidance on pubic hair.

International Business Times UK

As companies pour billions into Earth-based AI infrastructure, Google taking the data center race off-planet

Google will conduct experiments with its satellite in space for a year.

‘Halloweenmas’: how the spooky one-nighter turned into a month-long spectacular

Welcome to Halloweenmas, weeks of themed fun and gifts – from costume parties to decorating trees – without the stress, rules or cost of Christmas

The Guardian - UK

After Megan Fox Horrified Fans, Cameron Diaz Faces Scrutiny Over Her Looks As Comment About Aging Resurfaces

Cameron Diaz’s old Botox confession resurfaced after Megan Fox faced appearance-related criticism, prompting fresh online debate about cosmetic procedures and aging naturally.

Harvard’s $27.50 stained document was a rare Magna Carta original

Harvard Law School bought a stained and faded parchment in 1946 for just $27.50, believing it was an ordinary later copy of the Magna Carta. The document was catalogued as dating from 1327 and remained in the library for decades. Nearly 80 years later, medieval historians examining a digital image…

The Times of India

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