Author: Editor-In-Chief
Commodity Futures Trading Commission Headquarters in Washington, December 23, 2022.Ting Sheng | Bloomberg | Getty ImagesAs prediction market trading volume increases at a relentless pace, the business is being challenged by states across the country. The federal government is fighting a multi-pronged battle to block state action and assert regulatory authority. Sixteen states are involved in legal proceedings against prediction market platform companies, and one state is moving to ban them altogether.The Commodity Futures Trading Commission argues that it is the only entity that can regulate these platforms, and the commission is suing six states to defend its “exclusive jurisdiction”…
Tesla and SpaceX CEO Elon Musk arrive at the inauguration of US President-elect Donald Trump in the U.S. Capitol Rotunda in Washington, DC, on January 20, 2025. Chip Somodevilla | via ReutersAfter SpaceX filed to go public in a potentially record-breaking IPO, some are theorizing another big thing on Wall Street: a merger between the spaceship maker and SpaceX. tesla. “The holy grail could be to integrate SpaceX and Tesla in some way, step by step, and create a link between these two companies, two disruptive technology stalwarts who are trying to usher in the AI revolution,” said Wedbush analyst…
Perpetua Resources’ Stibnite Gold project is a proposed open-pit gold and antimony mine in a remote area of the Payette National Forest in Valley County, Idaho. Photographed from EcoFlight. Sarah A. Miller | Idaho Statesman | Tribune News Service | Getty Imagesmining company Perpetua Resources has secured a $2.9 billion loan from the U.S. Export-Import Bank, CNBC reported. The agreement comes as the United States seeks to secure access to critical minerals and break through China’s stronghold on critical supply chains.The loan is the largest loan under EXIM’s “Make More in America” initiative and the fourth largest loan in the…
Oura smart ring and charging case at MWC Barcelona 2026 on Tuesday, March 3, 2026 in Barcelona, Spain. Angel Garcia | Bloomberg | Getty ImagesOura, the maker of the eponymous smart ring that tracks the wearer’s health and sleep, has confidentially filed a draft IPO prospectus with the Securities and Exchange Commission, the company announced Thursday. Oura did not specify a timeline for the IPO, saying it would take place after the SEC’s review process is completed, depending on market and other conditions.Launched in 2015, Oura’s smart ring products have evolved far beyond sleep tracking and now include a range…
U.S. Senate Republicans voted to fund immigration enforcement efforts ahead of the long weekend, in an unprecedented political pushback against President Donald Trump.On Thursday, the Republican-led House of Representatives was planning to vote on a $72 billion funding bill to further President Trump’s mass deportation campaign.Recommended stories list of 3 itemsend of listBut two recent decisions by the Trump administration have led to backlash from within the president’s own party.The first concerned a newly announced “anti-weaponization” fund that the Trump administration announced Monday as part of a lawsuit settlement.Mr. Trump had sued the Internal Revenue Service (IRS), part of his…
Check out the companies that made headlines after the bell: Estee Lauder Companies – Shares of this cosmetics company rose nearly 12%. Estée Lauder and Puig confirmed Thursday that they have concluded discussions about a potential merger. Workday — Shares of Workday rose as much as 11% in after-hours trading Thursday after the finance and human resources software provider reported better-than-expected results and raised its full-year profit outlook. Workday co-founder Aneel Bhusri returned as CEO during the quarter. Zoom Communications — The video conferencing company’s stock rose 7% after investors welcomed the company’s latest financial results. Zoom posted better-than-expected revenue…
Aneel Bhusri, co-founder and executive chairman of Workday, speaks at the 5th Annual Workday Charity Classic in partnership with Stephen and Ayesha Curry’s Eat. learn. play. August 28, 2024 at Stanford Golf Course in Stanford, California.Noah Graham | Getty Imagesworking day Shares rose as much as 14% in after-hours trading Thursday after the finance and human resources software maker reported better-than-expected results and raised its full-year profit forecast.The company’s performance against LSEG Consensus is as follows:Earnings per share: $2.66 adjusted vs. $2.51 expected Revenue: $2.54 billion vs. $2.52 billion expectedWorkday’s revenue increased 13% in the fiscal first quarter ended April…
Traders work on the floor of the New York Stock Exchange.new york stock exchangeStock futures rose in overnight trading Thursday as Wall Street looked to end a strong week despite heightened volatility.futures tied to Dow Jones Industrial Average It rose by 67 points (0.1%). S&P500 futures 0.1% increase; Nasdaq 100 futures It increased by 0.3%.of S&P500 Despite the market volatility, the index is up 0.5% week to date, putting the benchmark on an eight-week upward trajectory. of Dow The stock is up 1.5% this week, heading for its third positive week in four weeks. of Nasdaq Composite rose 0.3%, marking…
People walk on the campus of the University of California, Los Angeles, on August 11, 2025 in Los Angeles.Daniel Cole | Reutersbroadcom, Meta, applied materials, global foundries and synopsis is collaborating to launch a $125 million “semiconductor hub” at the UCLA Samueli School of Engineering. The new partnership aims to accelerate AI-powered chip technology research and talent development and support innovation across chip design, equipment, software, manufacturing and other parts of the chip ecosystem, according to a UCLA press release.The research hub, based on the UCLA Samueli Campus, will launch as a five-year effort. Ah-Hyung “Alissa” Park, dean of engineering…
The Trump administration had previously sanctioned the human rights expert for criticizing Israel, but was forced to change course after the court ruling.Published May 21, 2026May 21, 2026The United States denies that lifting sanctions on Francesca Albanese, the UN special rapporteur for the Palestinian territories, constitutes a change in government policy.On Thursday, the State Department revealed that President Donald Trump’s administration only removed Albanians from the sanctions list because of a recent court ruling.Recommended stories list of 3 itemsend of listThe State Department added in a statement that “the government has appealed the court’s order” and reaffirmed its intention to…