Jim Chanos

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Major U.S. indexes ended the week higher, with the Dow up 0.4%, S&P 500 gaining 0.7%, and Nasdaq rising 0.8%, breaking a three-week decline streak. The...

Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) has significantly increased its stake in Occidental Petroleum Corp. (NYSE:OXY) through five purchases last week, seemingly diverging from the legendary investor’s long-held investment principles regarding declining stocks....

Elon Musk‘s artificial intelligence company xAI announced on Monday it has secured $6 billion in Series C funding from major technology and financial institutions, marking its second major funding round this year. What Happened: The investment includes strategic participation from NVIDIA...

OpenAI CEO Sam Altman-backed nuclear power startup Oklo Inc. (NASDAQ:OKLO) received an outperform rating from Wedbush Securities, marking another milestone in its push to power the artificial intelligence revolution through advanced nuclear technology. What Happened: Wedbush analyst Dan Ives set a...

Tesla Inc.‘s (NASDAQ:TSLA) robotaxi ambitions face fresh skepticism from prominent market critics, with new data from New York City’s ride-sharing market fueling debate about the technology’s revenue potential. What Happened: GLJ Research analyst Gordon Johnson argued on social...

Muddy Waters founder Carson Block thinks that short sellers play a vital role in curbing market fraud, noting that the ongoing bull run is posing significant challenges for them. This comes when Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has warned he will "obliterate" those betting against his EV...

Tesla, Inc. (NASDAQ:TSLA) held its annual shareholder meeting Thursday evening and CEO Elon Musk in his address touted the immense growth potential the company offers but at least one fund manager wasn’t impressed. What Happened: While reviewing the year for Tesla shareholders, Musk delved...

Palantir Technologies (NYSE:PLTR), a company specializing in data analytics and AI platforms, is riding a wave of new deals. The U.S. Department of Defense added to the momentum on Wednesday by awarding Palantir a new contract. What Happened: Palantir has been awarded a U.S. Army $480 million fixed...

Short-seller Jim Chanos, known for his bearish bets on Enron and Tesla, is facing a lawsuit for alleged misuse of company funds. Tesla CEO Elon Musk used the opportunity to hit back at one of his hardest critics. The Lawsuit: Chanos’s partner, Conlon Holdings — which invested in Chanos &...

Elon Musk‘s xAI, which recently raised $6 billion in a fresh funding round, has attracted significant capital from some of the most notable supporters of the tech billionaire and his ventures, including Tesla. Ark Joins Investors: Cathie Wood‘s Ark Invest, managing several actively...

Cathie Wood‘s flagship ARK Innovation ETF (NYSE:ARKK) has been navigating through significant losses, showcasing the challenges faced by some of its major holdings. What Happened: Since its peak in February 2021, the fund has experienced substantial losses. The ARKK ETF has declined by 72%...

Jim Chanos, known for his bearish bets against high-flying companies, threw shade at Tesla CEO Elon Musk and his AI venture, xAI, which secured $6 billion and fetched a valuation of $24 billion in a fresh funding round on Monday. What Happened: Musk...

The financial markets, which ended mostly higher in 2023, saw an acceleration in momentum toward the year-end and the strength has continued in the new year. With the stock market trading at record highs, here’s a look at how the returns compare to other high-flying assets. Rate Cut Hopes,...

Ark Invest founder and fund manager Cathie Wood drew flak after she made a bleak assessment of current market conditions in a post on X, formerly Twitter. Risk Aversion In Play: “Search for cash and safety in the equity markets today is as intense as that during the Great Depression in the...

Tesla, Inc. (NASDAQ:TSLA) has begun offering a heavily discounted 0.99% financing option for the purchase of its Model Y electric vehicles in North America, and venture capitalist and Deepwater Management Partner Gene Munster offered his take on the development in a post on Monday. Material...