News

Kalshi partners with brokerage Alpaca as it tries to build its international audience

The prediction market platform and the financial infrastructure and brokerage startup are working to get Kalshi's event contracts to global investors.

Crypto exchange Gemini not at fault for collapse of Earn lending program, arbitrator says

An arbitrator earlier this month said Gemini Space Station did not mislead users of its Earn program.

China's Xi builds diplomatic clout with multiple state visits ahead of Trump summit

Chinese President Xi Jinping is expected to make his first visit to India before traveling to the U.S. for a meeting with U.S. President Donald Trump.

Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed `at odds' with Treasury

Fed Chair Kevin Warsh's hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.

Corn and wheat prices jump to highest prices in more than three years

Corn and wheat futures have surged to their highest levels in more than three years. But the reasons for these recent rallies are notably different.

U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court

The Ninth Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a Third Circuit ruling from April.

September Fed decision is now a coin flip as rate hike odds increase post Warsh

Odds rose after Warsh's speech in Jackson Hole, Wyo., where he discussed that he still is frustrated with the overall inflation trend.

Trump ratchets up rhetoric against Beijing as U.S.-China officials meet for Xi's Washington visit

U.S. and Chinese officials met in Beijing this week, despite the White House's tough talk on China.

Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday. Here's what to expect

Prior Fed chairs have used the speech as an opportunity to lay out broad policy frameworks and intentions.

Kansas City Fed's Schmid says inflation 'stubborn' and 'sticky,' policy rate not restrictive

The policymaker stopped just short of calling for an interest rate hike.

Z.ai shares surge 8% after releasing new AI model running only on Chinese chips

The Chinese AI company said it had already launched the model globally in stealth mode for a week.

China's short-drama producers flood the market with cheap bets — and let audiences pick the winners

The short-drama model offers an alternative to traditional entertainment, but rising distribution costs and audience-retention challenges remain.
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