Tag: business news
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Senate is still a tossup, but Democrats now have slight edge, prediction market traders think
Traders on both Kalshi and Polymarket see Democrats with one of their best chances to flip the U.S. Senate since the contracts on the election opened.
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The Fed is expected to raise rates. There’s a bearish trade to be made on this homebuilder
Tony Zhang breaks down how he’s trading this homebuilder stock.
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Reddit co-founder says tech industry has been ‘tone deaf’ in explaining AI: ‘Misinformation flying around’
Alexis Ohanian said AI risks are more mundane than the “Terminator and Skynet” scenarios some fear.
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OpenAI investors have approached the company about a new funding round
OpenAI is gearing up for what is widely expected to be a blockbuster IPO next year, after it confidentially filed its prospectus in June.
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J.B. Hunt stock plunges 10% after company warns third-quarter earnings will fall
Shares of J.B. Hunt plunged more than 10% Wednesday after the company warned of an earnings drop between 5% and 10%.
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Ed Yardeni slashes S&P 500 target, says ‘proceed with caution’ in stocks as rates rise
The sharp rise in bond yields is making even the biggest market bulls nervous. Ed Yardeni is no exception.
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Tropical Smoothie Cafe is getting a makeover as it prepares for its ‘next 3,000’ locations
Tropical Smoothie Cafe unveiled new branding as it grows rapidly under the ownership of private equity firm Blackstone.
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Bizarre volatility bet in the options pits is a head scratcher ahead of Fed rate decision
The biggest trade in options on the Cboe VIX Index Tuesday was an unusual $6 million purchase of deep, deep in-the-money-puts.
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Union Pacific is outperforming this year. UBS says there will be more gains ahead
Union Pacific has notched strong volume and pricing growth, which should drive more value to its shares, per UBS.
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Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher
Mortgage rates have surged to the highest level since the start of 2025, causing a major pullback in mortgage demand.
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