News

HSBC shares drop as first-quarter pre-tax profit misses estimates on higher expected credit losses

Europe's largest lender HSBC on Tuesday reported first-quarter pre-tax profit of $9.4 billion, marginally missing analysts' estimates.

Traders are doubtful Cohen's GameStop can pull off monster eBay acquisition

Traders on Kalshi and Polymarket give the company just a 25% and 15% chance, respectively, of successfully buying the online marketplace.

Kalshi traders see April jobs report coming in better than economists' estimates

The figure is higher than consensus estimates for 57,000 jobs gained in April, according to analysts polled by FactSet.

Traffic in the Strait of Hormuz won’t return to normal until August or later, according to Kalshi traders

With a lack of a breakthrough in negotiations between the U.S. and Iran, traders increasingly see traffic returning to normal later and later.

Anthropic teams with Goldman, Blackstone and others on $1.5 billion AI venture targeting PE-owned firms

The move marks Anthropic's latest effort to deepen its lead in the market for enterprise AI as competition intensifies with rivals including OpenAI

Berkshire shares trade higher as Buffett successor Abel scores good marks at meeting, earnings jump

Many in the investment community were reassured by Abel's firm grasp over Berkshire's sprawling enterprise.

World Cup prize pool nears $900 million as FIFA boosts payouts. Here’s who gets what

FIFA's upcoming World Cup is set to be the most lucrative on-record, with a 'record breaking' prize pool on offer, as FIFA shrugs off other controversies.

Greg Abel earns solid scorecard from Berkshire shareholders after first annual meeting

The reviews from longtime shareholders and professional investors were broadly positive, even as many acknowledged the notable absence of Warren Buffett,

Why Kevin Warsh's arrival at the Fed may catch fixed-income investors off guard

Bond investors may be too complacent with Kevin Warsh expected to become the next Fed chair and volatility in rates likely to follow.

Berkshire Hathaway’s shopping extravaganza draws lighter crowds as spotlight shifts to Greg Abel

Greg Abel made a point of stopping by every booth in the hall, greeting employees and shaking hands with shareholders.

Cautious optimism: Berkshire investors weigh future under new CEO Greg Abel

The mood in the air was cautiously optimistic as new and returning investors weighed the company's direction under a new chief executive.

U.S. oil prices will exceed Iran wartime high to above $125 as conflict drags on, Kalshi traders say

The April 7 high of $113 in Western Texas Intermediate crude futures will likely be broken, traders on the prediction markets platform think.
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