The next "Big Short"

• The next Big Short: Dr. Michael Burry, the famous "Big Short" hedge fund manager known for accurately predicting the 2008 subprime mortgage crisis, has apparently found a new opportunity: betting more than $1.6 billion on a stock market crash (The Street)
  

• Now its a bidding war: Privately-held industrial conglomerate Esmark says it has made an all-cash bid to buy U.S. Steel (X) that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs (CLF) (AP)
  

• Gas prices near 10-month high: The national average for regular gasoline hit $3.85 a gallon on Monday, according to AAA. That’s the highest level since October 19 and comes just weeks ahead of Labor Day weekend (CNN)
  

• New PayPal CEO: $68 billion behemoth PayPal (PYPL) announced that Intuit’s Alex Chriss would take over as CEO beginning in September (PayPal)
  

• O Coinbase: The largest crypto exchange in the U.S., Coinbase (COIN), announced its official launch in Canada after integrating a popular payment method into the exchange (Coin Telegraph)
  

• UBS mortgage settlement: UBS (UBS) has agreed to pay $1.44 billion to settle a case from the DOJ related to the issuance of residential mortgage-backed securities in the lead-up to the 2008-2009 financial crisis (DOJ)
  

• Warren Buffett's invests in 3 homebuilders: Berkshire Hathaway (BRK) disclosed new investments in the homebuilders DR Horton (DHI), Lennar (LEN) and NVR (NVR). Other moves include reducing the size of its General Motors (GM) and Globe Life (GL) stakes while adding to its Capital One (COF) investment (AP)
  

• The ruble is struggling: Russia’s currency fell to its weakest level in over a year and the central bank called an emergency meeting, signs of intensifying financial pressure on an economy weighed down by Western sanctions and the war in Ukraine (WSJ)
  

• Argentina markets recoil: Pressure built on Argentina's currency and stocks on Monday after libertarian outsider, Javier Milei, who wants to axe the central bank, won a primary election (CNBC)
  

• The scarcest thing in the world (Honest Broker)

• This Reddit list is tracking L.A. restaurants charging ‘service fees’ (LA Times)

• Could a true streaming bundle be upon us? (Vulture)

• Where have all the fitness bands gone? (The Verge)

• Scientists at Fermilab close in on fifth force of nature (BBC)

• How Fanatics is building a weird monopoly over sports trading cards (Big)

• Michael Oher, the NFL star depicted in the movie Blind Side, says the whole story was a lie (ESPN)

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