New York sues Kalshi, says prediction markets constitute illegal gambling
NEW YORK, July 31 (Reuters) - New York's attorney general sued Kalshi on Friday, claiming that its prediction markets platform violates state laws against illegal gambling.
Business
Cattle Extend Their Bounce to Thursday’s Close
Live cattle futures posted $1.42 to $3.47 gains across the board at Thursday’s close. USDA picked up cash trade at $232-233 on Thursday. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,054 head …
Wheat Fades Off Thursday Strength into the Close
The wheat complex posted gains across the three exchanges on Thursday, following increased Black Sea tensions. Chicago SRW contracts were 2 ¾ to 7 ½ cents higher at the close. KC HRW futures were 5 1/4 to 8 1/2 cents in…
Empty seats? Concert giant Live Nation says ticket sales are actually at record levels.
Even Donald Trump knows that the price of concert tickets is too damn high. Recently, flanked by the preposterously dressed Maga rocker Kid Rock, the president signed an executive order to protect fans from “crazy price…
Oil prices ease as recovering Hormuz Strait traffic tempers war premium
Oil prices extended declines Friday as signs of a recovery in crude flows through the Strait of Hormuz eased supply concerns, after a resumption of hostilities between U.S. and Iran had sent them higher.
Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.36%. September E-mini S&P futures (ESU26)…
Jersey Mike’s spent almost ‘zero dollars’ on digital marketing. That’s now changing.
The Top High-Dividend Stocks to Buy and Hold for Passive Income These dividend stocks offer the best of all worlds: high yields, appreciation potential, and dividend stability. Susan Dziubinski
IBM CEO says quantum computing will have a 'measurable impact' on earnings by 2028 or 2029
IBM CEO Arvind Krishna said Thursday investors won't have to wait much longer for quantum computing to become a meaningful business for the technology company known for its mainframes and enterprise software.
Soybeans Holding onto a Thursday Bounce at Midday
Soybeans are trading with contracts 1 to 3 cents higher at midday. The cmdtyView national average Cash Bean price is up 5 ¾ cents at $11.52 ¼. Soymeal futures are up 40 to 90 cents across the front months, with Soy Oil …
Cotton Rallies on Thursday
Cotton futures were 81 to 139 points in the green at Thursday’s close. Crude oil was back down just 50 cents per barrel, with the US dollar index falling 0.914.
Anthropic says its Claude models 'gained unauthorized access' to other organizations' systems
Anthropic on Thursday said it discovered three instances where its Claude artificial intelligence models accessed the internet during an evaluation and "gained unauthorized access to the real systems of three different …
Corn Fall Weaker into Thursday’s Close
Corn futures closed with weakness on Thursday, as front months were down 2 to 3 ¼ cents, with deferreds fractionally to 1 ¼ cents higher. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $4.16 1/4.
Stocks Rally on Stellar Microsoft Earnings and Chip Stock Strength
The S&P 500 Index ($SPX) (SPY) today is up +0.86%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.65%. September E-mini S&P futures (ESU26) are up +0.84%, an…
Cotton Rallying on Thursday
Cotton futures are trading with contracts 125 to 188 point in the green at Thursday’s midday. Crude oil is back down just 38 cents per barrel, with the US dollar index falling 0.879.
Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.36%. September E-mini S&P futures (ESU26)…
Amazon got $600 million in Trump tariff refunds and will pass return along to some customers
Amazon disclosed Thursday that it has received $600 million in tariff refunds after the Supreme Court ruled that many of President Donald Trump's levies were illegal, and it expects to return some of that cash to custom…
Dollar Sinks as the Yen Soars on Suspected Japanese Intervention
The dollar index (DXY00) tumbled to a 6-week low on Thursday and finished down by -0.99%. The dollar retreated on Thursday’s US economic news that showed Q2 GDP growing less than expected and the Jun core PCE prices ind…
Stocks Rebound as Microsoft Earnings Ease AI Spending Concerns
The S&P 500 Index ($SPX) (SPY) today is up +1.12%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.64%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.69%. September E-mini S&P futures (ESU26) are up +1.09%, an…
SK Hynix shares surge 25%, while Samsung soars over 20% as AI rally roars back
South Korea's chip heavyweights SK Hynix and Samsung Electronics skyrocketed in Seoul on Friday, tracking a sharp rally in U.S. technology stocks after blockbuster earnings from Amazon and Microsoft revived optimism aro…
Reddit shares sink 11% on 'choppy' search referrals even as results blow past estimates
Reddit reported second-quarter earnings on Thursday that beat on the top and the bottom lines, and the company issued guidance that sailed past expectations.
Migrants pour into Spain’s Ceuta from Morocco, military called in
CEUTA, Spain — Spain will deploy its military to restore order at its border with Morocco in Ceuta after thousands of migrants streamed into the tiny Spanish territory, with at least nine dying in the attempt.
Tim Cook sees Apple's hybrid AI strategy as a 'competitive weapon'
Apple CEO Tim Cook had a lot to talk about on his last earnings call as CEO, as his company's stock price trended lower on concerns about supply constraints. Regardless of the selloff, he told investors that Apple has "…
Cocoa Prices Pressured as Supply Concerns Ease
September ICE NY cocoa (CCU26) closed down -73 (-1.41%) on Thursday, and September ICE London cocoa #7 (CAU26) closed down -92 (-2.33%).
Warsh’s Wall Street cred takes a hit as investors doubt the Fed chair’s inflation-fighting resolve
The Federal Reserve held its benchmark interest rate steady on Wednesday, but three Fed presidents dissented, highlighting the pressure building on the central bank to confront stubbornly elevated inflation.