News

Prediction market traders think gas prices will hit new highs for the year

It comes after oil prices have marched higher in recent weeks, above $100 per barrel, as tensions between the U.S. and Iran have escalated again.

China says AI CEOs' call for a slowdown is 'fear mongering'

Chinese state media's reports of the daily press conference also noted that all groups should work together for AI openness and inclusivity.

Prediction markets are becoming more professionalized, but also harder to beat

The institutionalization of prediction markets threatens to erode the edge of skilled traders who earn off mispricing and market inefficiencies, experts say.

NFL and midterm elections set up prediction markets for a critical fall season

The 2025 football season and 2024 presidential election pushed prediction markets into the prominence they enjoy today.

Inflation is outpacing wage growth again, squeezing Americans’ paychecks

In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.

A Chinese humanoid startup flips 'distillation' claim on OpenAI as it releases a new robotics model

Ant-backed startup JoyIn's CEO published an article in Chinese that raised questions about similarities between his company's new model and OpenAI publications.

The iPhone Duo enters China’s crowded foldable market — and faces a price test

Chinese netizens focused on the price of Apple’s iPhone Duo, as cheaper Xiaomi and Huawei foldables raise value comparisons and muddle the foldable's reception.

OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services

OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling, and pitchbook tasks traditionally handled by junior bankers.

Kalshi launches ‘perps’ for gold and silver following CFTC approval, expanding futures offerings

Its the latest move by the prediction market company to diversify its assets users can trade.

Ant International partners with Visa, Mastercard on developing AI payments

Visa, Mastercard and Ant International are working on common standards for AI-agent payments — including ways to verify and monitor their transactions.

Adani Enterprises shares jump as airport unit enters into $1 billion fundraising deal

The investors will subscribe to new shares in three tranches and collectively own about 5.54% of the airport operator after the final tranche.

China's EV makers shift gears to focus on humanoids as car market slows

As Chinese electric car sales slow and share prices tumble, several of the automakers are ramping up humanoid robotics development.
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