Kalshi filed on Tuesday with the Commodity Futures Trading Commission seeking approval to offer leverage on its event contracts, a move the company says is aimed at drawing institutional traders to its prediction markets, according to CNBC. The filing came from Kalshi Klear, the company’s internal clearinghouse. With margin trading, a trader uses borrowed funds…
As artificial intelligence continues to race ahead, President Trump has made it clear he doesn’t intend to apply the brakes any time soon. Trump has embraced a hands-off approach to AI regulation, resisting calls to reign in the rapidly developing technology and implement federal guardrails. But as the president pushes to accelerate an industry expected…
iShares Bitcoin Trust ETF iShares Bitcoin Trust ETF IBIT $ 48.56 $0.45 0.92% 56% IBD Stock Analysis Handle has 46.37 buy point, but zone extends to 48.68. Base formed below stock’s 200-day line, but handle formed above that level IBD Composite Rating N/A Industry Group Ranking 1/197 Emerging Pattern Cup with Handle Cup with Handle…
With U.S. retail diesel prices topping $6 a gallon this month for the first time, a worldwide shortage fueled by conflicts in Iran and Ukraine shows little sign of easing before next year, according to Reuters. U.S. diesel stockpiles stood at 107.9 million barrels as of September 11 — a figure that, for that point…
By Exec Edge Editorial Staff inDrive built its business on a bet that drivers and riders would want to set their own prices, reflecting the company’s broader mission to challenge injustice by giving people a fair choice instead of leaving that decision to an algorithm. Operating in over 45 countries and more than 1,200 cities,…
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(Bloomberg) — Paramount Skydance Corp. has settled lawsuits brought by 12 state attorneys general and the Writers Guild trade union, a move that will allow the company to close its historic $110 billion acquisition of Warner Bros. Discovery Inc. Most Read from Bloomberg The parties worked through the weekend to reach the deal, which includes…
Nscale Limited filed for an initial public offering on the New York Stock Exchange last week, revealing that Microsoft and Anthropic together account for 85% of its $103 billion in total contract value, according to Bloomberg. The British AI infrastructure company, which builds data centers for AI services, has signed multiple agreements with Microsoft since…
Nscale, a cloud computing rival of CoreWeave (CRWV) and Nebius (NBIS), has filed for an initial public offering in New York. The U.K.-based company filed its S-1 for Nscale stock late Friday and aims to raise up to $3 billion at a valuation of approximately $30 billion. Nscale is among a wave of artificial intelligence…
October WTI crude oil (CLV26) is down -4.78 (-4.77%) today, and October RBOB gasoline (RBV26) is down -0.0319 (-0.90%). Crude oil and gasoline prices are sharply lower today, with crude dropping to a 1.5-week low. Crude prices are retreating in hopes that diplomacy will end hostilities in the Middle East and that an increase in…
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