Greenlight Capital's David Einhorn anticipates the Federal Reserve will issue more interest rate cuts this year than what's being anticipated and that's giving him greater confidence in his gold bet.While rate cut expectations diminished a bit Wednesday following the much better-than-expected January jobs report, traders are still currently pricing in...
Year: 2026
Xiaomi’s electric SUV tops China sales in January, sells twice as many as Tesla’s Model Y
Chinese smartphone company Xiaomi launched its YU7 electric SUV in summer 2025, taking direct aim at Tesla's Model Y.Sopa Images | Lightrocket | Getty ImagesBEIJING — Xiaomi's electric car venture has succeeded in dethroning Tesla in China, at least in January.The Xiaomi YU7 SUV ranked first in China by sales...
Hamptons real estate prices hit record, with 2026 summer rentals going fast
A nine-bedroom, 11,000-square-foot oceanfront home in Bridgehampton, available for rent at $700,000 for any two weeks this summer.Courtesy: Gary DePersia | CorcoranMedian home prices in the Hamptons hit an all-time high in the fourth quarter, as Wall Street bonuses and tech wealth fueled a new wave of buyers in the...
Moderna says FDA refuses to review its application for experimental flu shot
A researcher works in the lab at the Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024.Adam Glanzman | Bloomberg | Getty ImagesThe Food and Drug Administration has refused to start a review of Moderna's application for its experimental flu shot, the company announced Tuesday, in another...
Michael Saylor downplays Strategy credit risk as bitcoin tumbles: ‘We’ll refinance the debt’
Strategy CEO Michael Saylor brushed off concerns about the company's credit risk if bitcoin continues to tumble. In fact, Saylor said he plans to keep accumulating the cryptocurrency for the company every quarter. "If bitcoin falls 90% for the next four years, we'll refinance the debt," the executive said Tuesday...