Prominent short-seller Andrew Left has made a notable reversal, announcing a bullish stance on Credit Acceptance Corporation, a subprime auto lender his firm previously criticized. Left’s research firm, Citron Research, published a report this week outlining why the stock is now poised for significant gains, with a fair value estimate…

Wall Street’s approach to evaluating AI stocks may be fundamentally flawed, according to a market strategist who argues that investors are applying outdated economic models to a transformative technological shift. James Thorne, chief market strategist at Wellington Altus, contends that concerns about AI stock valuations and capital expenditure spending reflect…

US stock markets tumbled on Thursday as oil prices surged following reports that Iran attacked a crude tanker, intensifying concerns about supply disruptions and renewed inflationary pressures. The Dow Jones Industrial Average closed nearly 800 points lower, while the S&P 500 and Nasdaq Composite also posted sharp declines as investors…

JPMorgan’s former quantitative chief is warning investors that the TACO trade cannot shield markets from the economic fallout of the Iran war. Marko Kolanovic said the Trump Always Chickens Out phenomenon, which has previously saved Wall Street from policy-induced volatility, won’t work this time as geopolitical forces spiral beyond presidential…