Tech stocks plunge after Big Short investor bets against AI Tech American tech stocks fell sharply on Tuesday after a hedge fund manager famed for predicting the Global Financial Crisis revealed he had taken out a billion-dollar bet against some of the world’s largest artificial intelligence companies. Michael Burry, the star stock picker whose decision to short the property market was depicted in the blockbuster ‘Big [...]
Transparency concerns as FCA makes short sellers anonymous Markets Firms short-selling UK-quoted companies will no longer have to reveal their identities in the latest deregulation drive by the UK’s financial watchdog. The Financial Conduct Authority (FCA) is consulting on a rule change to suspend disclosures of the companies that hold a short position in listed businesses, instead only publishing the total short positions in [...]
Smith & Nephew hits back at claims it massaged profit margins healthcare Embattled hip and knee implant maker Smith & Nephew has hit back at a report claiming that it deployed aggressive accounting techniques to bolster its profit margins.