Scion Asset Management

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Last Updated: Just Now

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Global Economy & Central Banks Just now (09:43 PM IST)

Michael Burry Signals AI Bubble May Be Nearer to Breaking Point as He Turns to June Puts

Michael Burry, the investor famed for anticipating the U.S. housing collapse, appears to be sharpening his bearish stance on artificial intelligence-linked stocks, saying the AI bubble may burst sooner than he previously expected. The latest positioning suggests he is shifting major tech short bets into put options expiring in June, a move that implies both urgency and conviction about near-term downside risk.

By RDU Global Wire6 min read

Global Markets & EquitiesJust now (10:19 AM IST)

Jim Ukrop, Grocery Scion Who Built a Richmond Institution, Dies at 89

Jim Ukrop, the former leader of Ukrop's Super Markets and one of Richmond's most recognized civic figures, has died at 89. His death marks the passing of a businessman whose family enterprise became a regional retail anchor and whose influence extended well beyond grocery aisles into philanthropy, education and civic life.

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National Governance & Policy6h ago

Naidu Backs Election Commission's SIR Clarification, Says Misconceptions Have Been Put to Rest

Andhra Pradesh Chief Minister N. Chandrababu Naidu has welcomed the Election Commission's unanimous clarification on the Special Intensive Revision of electoral rolls, saying it reaffirmed the integrity and credibility of India's constitutional institutions. He said the process was conducted collectively and in line with established protocols, and warned against attempts to erode confidence in the democratic system for short-term political gain.

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Banking, Fintech & Insurance7h ago

RBI Maps Rs 5.1 Trillion Borrowing Roadmap for H2 FY27, Signals Steady Supply Across the Yield Curve

The Reserve Bank of India has released the indicative issuance calendar for Government of India dated securities for the second half of FY 2026-27, laying out a predictable borrowing schedule from October 2026 through March 2027. The plan covers a broad mix of maturities, including sovereign green bonds, and is designed to give investors greater visibility, support market planning and reinforce stability in the government securities market.

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Banking, Fintech & Insurance8h ago

RBI Data Show Foreign Exchange Reserves Ease, Bank Credit Stays Firm as Deposits Rebound

The Reserve Bank of India's latest weekly statistical supplement shows a modest weekly decline in foreign exchange reserves, even as India's banking system continued to expand credit and deposits at a healthy pace. The figures point to a financial system still growing steadily, with reserve movements reflecting market valuation shifts and external asset changes rather than a sharp stress signal.

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National Governance & Policy8h ago

Enforcement Authority Issues Release Order for Rashesh Purohit in TV Vision Recovery Case

India's enforcement machinery has issued a release order in the recovery proceedings tied to TV Vision Limited, naming Rashesh Purohit as the defaulter under PAN ADQPP1270Q and Certificate No. 7449 of 2023. The order, dated September 24, 2026, signals a procedural shift in a case that has been tracked under the Enforcement and Recovery Proceedings framework.

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Banking, Fintech & Insurance7h ago

RBI Bulletin Flags India's 7.8% Growth Resilience Amid West Asia Shock, Inflation Pressures and Banking Funding Debate

The Reserve Bank of India's September 2026 Bulletin presents an economy that remains notably resilient despite renewed geopolitical tensions in West Asia, rising energy prices and volatile global markets. Alongside reporting 7.8% growth in the first quarter of 2026-27, the Bulletin argues that a higher credit-deposit ratio alone is not a reliable sign of banking stress and points to strong foreign exchange reserves, FDI inflows and narrowing trade deficits as key buffers.

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National Governance & Policy8h ago

Enforcement Directorate Issues Remittance Order Against Manish Mishra in Sadhna Broadcast Case

India's Enforcement Directorate has issued a general remittance order dated September 24, 2026 against Manish Mishra in connection with the Sadhna Broadcast Limited matter under RC No. 9236 of 2026. The move signals continued recovery proceedings in a case that remains under regulatory scrutiny, though the public notice provides limited detail on the underlying allegations or the amount involved.

4 min readRead →

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Washington, D.C.(1)Michael Burry(1)