News

New York City Council announces probe into prediction market platforms’ marketing strategies

In letters to four prediction market platforms, City Council Speaker Julie Menin said the council was also actively considering legislation to address concerns.

EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data

The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla's Model Y remained popular.

Why Jensen Huang’s $500 billion AI financing plan faces a big risk from China

Nvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?

Is betting on elections using prediction markets illegal? Many states are unsure as midterms approach

Twenty-three states have laws banning betting on elections, according to Pew Research. Not every state is sure these rules apply to prediction market trades.

AI computing power is becoming a tradable asset class as CME launches futures contracts

The exchange is partnering with Silicon Data to introduce two compute futures contracts on Oct. 5, pending regulatory review.

Why JPMorgan is investing big in the 2028 LA Olympics

JPMorgan is making a nine-figure bet as the Olympics Games' first-ever global banking partner. 

Polymarket makes moves to get house in order before expected boom times for prediction markets this fall

The marketing changes come amid an investigation by the Commodity Futures Trading Commission into the company's promotional practices.

Wall Street just endorsed Jensen Huang's 'big concept' for AI. What now?

The first three-plus years of the AI buildout has been funded by record amounts of equity and debt issued by leading tech companies. Nvidia has a new idea.

Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push

The capital package highlights the growing role of private capital in financing the costs of the artificial intelligence boom.

Three reasons Goldman's co-head of global banking and markets says to stay invested

Goldman Sachs' Ashok Varadhan pointed to three reasons for his constructive outlook.

Next big push in ETF industry? Why these risk assets are gaining traction as interest rate uncertainty persists

Collateralized loan obligations may become the next big push in the exchange-traded fund industry.

Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard

Strength across its energy, railroad and manufacturing businesses more than offset weaker insurance results.
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