Dow Jones Futures Rise: Biden, Xi Meeting In Focus; Lucid Motors Jumps On Results; 2 Dow Giants To Report

Dow Jones futures were little changed Monday ahead of President Biden's meeting with Chinese President Xi. Read More...


‘Big Short’ Burry exits bearish bets on Tesla, Google

Fund manager Michael Burry of “The Big Short” fame exited bearish bets on Tesla Inc, Alphabet Inc’s Google, and fund manager Cathie Wood’s ARK Innovation fund last quarter, according to SEC filings released on Monday. Burry, whose bets against mortgage securities in the run-up to the 2008 financial crisis were featured in Michael Lewis’ 2010 book “The Big Short,” and who now runs $638 million Scion Asset Management, exited out of put options on slightly more than 1 million shares of Tesla, a snapshot of his portfolio as of Sept. 30 showed.

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