News

SpaceX seeing some interest from short sellers, but many still afraid to bet against Musk

About 40 million SpaceX shares are sold short, roughly 5% to 7% of the shares that are publicly available to trade, according to an estimate by S3 Partners.

Meta is building a prediction markets app. These stocks are falling in response

The report said that CEO Mark Zuckerberg directed staff to develop a prediction markets platform, internally known as "Arena."

Mamdani-backed candidates are likely to win in NYC primaries, prediction market traders expect

Voters are heading to the polls in New York, with four competitive races in Democratic congressional primaries in focus.

U.S. fights with Brazil for China's giant soybean market

The U.S. Soybean Export Council makes claims to higher quality a selling point over Brazil's crop, as American farmers attempt to win back business from the world's largest importer

China's 618 shopping festival growth slows sharply as consumer spending malaise persists

The latest consumer data reinforce how consumption in China remains subdued.

Can anyone join Musk in the trillionaire club? Zuckerberg has best shot, according to prediction markets

The Meta CEO is seen as next to join the Tesla and SpaceX CEO. Nvidia CEO Jensen Huang is seen as the second-most-likely.

Alan Greenspan, former chairman of the Fed, dies at age 100

Alan Greenspan presided over the Federal Reserve for 19 years under four presidents and mastered the art of obfuscation known as Fedspeak.

'Regime change but in a velvet glove': How Kevin Warsh has set out to remake the Fed

The first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually everything done at the Fed.

Iran reportedly closes Strait of Hormuz again, casting shadow over nuclear talks

Iran's joint military command said the closure was in response to continued Israeli military operations in Lebanon.

Bitcoin's future as revolutionary as the smartphone, according to CoinDesk

CoinDesk’s president of indices and data has a message for investors: Don’t count out bitcoin.

The riskiest SpaceX stock trade of all had a big first week

SpaceX's IPO did not just mint the biggest debut in market history and a trillionaire, but it also triggered a historic land grab in risky leveraged ETFs.

The average SpaceX buyer post-IPO is almost under water after two-day slide

Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
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