Finance

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Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation

Michael Burry bets on sportsbooks DraftKings and Flutter,...

The investor believes regulators will eventually crack down on prediction markets...

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Fed officials were split on direction of interest rates at last meeting, minutes show

Fed officials were split on direction of interest rates...

The Federal Reserve on Wednesday released minutes from its June 16-17 meeting.

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Strait of Hormuz traffic won't return to normal until 2027 after latest setback, Kalshi traders predict

Strait of Hormuz traffic won't return to normal until 2027...

Speculators now see just a 44% chance that traffic flows return to normal by Dec....

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Fed meeting minutes to show 'family fight' over rates. The squabble could drag on for a while

Fed meeting minutes to show 'family fight' over rates....

There have been few instances over the past 35 years or so when the Fed has only...

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China warns about AI risks with Anthropic's Claude Code

China warns about AI risks with Anthropic's Claude Code

China said specific versions of Claude Code posed back-door vulnerabilities that...

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Cleveland Fed President Hammack says AI could fuel inflation, rate hikes may be necessary

Cleveland Fed President Hammack says AI could fuel inflation,...

"We've got inflation that's too high, and it's been too high for the past five years,"...

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Michael Burry says he's shorting Caterpillar for the first time after it nearly doubled in the AI-driven rally of 2026

Michael Burry says he's shorting Caterpillar for the first...

"Caterpillar jumped out at me," Burry said. "I have never shorted Caterpillar. It...

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China-linked actors target more than technology as AI competition with U.S. intensifies

China-linked actors target more than technology as AI competition...

Cyberattacks from China-based entities are on the rise and not just targeting specific...

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Xi touts China Communist Party's global influence in speech marking 105th anniversary

Xi touts China Communist Party's global influence in speech...

Chinese President Xi Jinping spoke Wednesday to commemorate the 105th anniversary...

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'Magnificent 7' stocks' rough June pushes them into the red for the year. What's behind the decline

'Magnificent 7' stocks' rough June pushes them into the...

The group — which Microsoft, Nvidia, Alphabet, Apple, Meta, Tesla and Amazon — shaved...

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Inflation peaked in May as energy prices fell in June, Kalshi traders think

Inflation peaked in May as energy prices fell in June,...

Speculators on the prediction market platform give less than 30% odds to inflation...

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Stocks making the biggest moves midday: Meta, General Mills, Datadog, Sandisk & more

Stocks making the biggest moves midday: Meta, General Mills,...

These are the stocks posting the largest moves midday.

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Warsh faces multiple alternative inflation signs as Fed charts new course

Warsh faces multiple alternative inflation signs as Fed...

Warsh has said that inflation is a "choice." The same could also be true of how...

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Prolific tech analyst Dan Ives is exiting Wedbush for a new venture

Prolific tech analyst Dan Ives is exiting Wedbush for a...

Ives said the new firm will seek to build what he described as a "modern merchant...

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Alibaba-affiliate Ant Group rushes into humanoid robots with a dozen deals in 18 months

Alibaba-affiliate Ant Group rushes into humanoid robots...

Ant has led a 500 million yuan ($73.59 million) funding round in humanoid robotics...

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Traders on Kalshi think the Nasdaq-100 will end 2026 above 30,000, predicting a cooler second half of the year

Traders on Kalshi think the Nasdaq-100 will end 2026 above...

Speculators think the massive rally in the Nasdaq-100 since the lows following the...