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‘Big Short’ Michael Burry says the bulletproof AI narrative reminds him of the dot-com and housing bubbles

Michael Burry says the seemingly unassailable positivity around AI reminds him of the dot-com and housing bubbles — and warns the mania could have far more devastating consequences than Enron’s collapse.A subscriber to Burry’s Substack told him in a chat thread this week that it felt like “we are witnessing a massive coordinated effort to prop up the narrative.”Burry replied: “That is how it felt in May of 2007 when the Fed Chair was saying…

Business

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Tyson Foods announced Thursday that it will close two facilities and is pursuing the sale of a third as it makes “strategic changes” to its beef business. The company will end operations at its Joslin, Illinois, beef plant and its Eagle Mountain, Utah, case-ready facility, while pursuing a sale of…

Investing

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