The U.K. government's upcoming budget will focus on lowering inflation and paving the way for the Bank of England to lower its key interest rate, Treasury Chief Rachel Reeves said Tuesday.

Burry's Scion Asset Management has bought put options covering 5 million shares of Palantir (PLTR), a trade valued at about $912 million, and puts for 1 million shares of Nvidia (NVDA), valued at ...