Michael Burry posts on X "If Ryan has GME buy any version of BBBY, I am out"
Newsquawk Staff ·
Michael Burry posts on X "If Ryan has GME buy any version of BBBY, I am out"
What it means
Michael Burry's recent statement, indicating his withdrawal if Ryan Cohen purchases any Bed Bath & Beyond (BBBY) shares, highlights his skepticism towards the ongoing dynamics in meme stocks, particularly GME and BBBY. This sentiment could signal a cautionary stance among retail investors and may stir volatility in these stocks, impacting overall market sentiment, especially within US equities.
Sources
- Canada's Competition Bureau says proposed arrangements between Air Canada and United Airlines (UAL) would lead to higher prices, with the Transport Minister set to review the findings of its investigation
- JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Verisk (VRSK) integrates insurance intelligence with Amazon (AMZN) and Microsoft (MSFT) AI platforms
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios
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