News

Kalshi valuation jumps to $40 billion in latest funding round

The prediction market platform one year ago was valued at $5 billion.

Bond investor Jeff Gundlach on Fed's rate pause: 'What are you waiting for?'

The DoubleLine founder spoke with CNBC's "Closing Bell" on Wednesday after the Fed held interest rates steady.

Fed holds rates steady despite concerns over inflation

Two of the 12 Federal Open Market Committee voters dissented from the decision. Both wanted to raise rates by a quarter percentage point.

Here is what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.

Margin debt growth slows sharply as stock market warning signs build

Slowing margin-debt growth could signal growing risks for stocks.

One week out, prediction markets see Democrats as favored to sweep Congress

Event contract exchanges see a two-in-three chance that Democrats take control of both the House and Senate.

Fed expected to hold rates steady, but Warsh may point way to more hikes

Markets overwhelmingly expect no change in benchmark interest rates following September's increase.

Prediction market traders say an Anthropic IPO is near-certain this year after company filed with SEC

Anthropic on Monday filed its Form S-1 with the Securities and Exchange Commission.

NBA enters prediction markets with Kalshi, Polymarket partnerships

The league also inked a memorandum of understanding with the CFTC, the federal regulator of prediction markets.

Apollo to buy nearly 10% stake in Abu Dhabi-backed alternative asset manager Mubadala Capital

The deal further advances Apollo Global's ambitions in Abu Dhabi, often called the "capital of capital."

Retail investors are not more sophisticated than 30 years ago, says former hedge fund manager

Retail investors trying to beat the market by buying individual stocks and complex exchange-traded funds may be better off with broad market index funds.

American Express is cutting 5% of its workforce to 'prepare for AI'

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
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