Tag: business news
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Technical factors are adding fuel to SpaceX’s meme stock fire
Options, leveraged ETFs and index arbitrage are likely boosting the stock ahead of its inclusion in some benchmark stock indexes.
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Fed Chair Warsh expected to withhold ‘dot’ from central bank’s interest rate outlook
The central bank’s Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head.
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An old economy sector may break out thanks to hyperscaler investment. Todd Gordon outlines how to play it
Another group has participated in the growth trade breakout and recently showed outperformance, creating a quieter AI revolution in this “old economy” sector.
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Odds that a proposed billionaire tax appears on California ballots plunge on prediction markets
Odds that a proposed billionaire tax is on California’s ballot dropped after reports noted that Gov. Gavin Newsom is pushing to stop the proposal.
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Rivian laying off hundreds of workers amid R2 launch
Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce.
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Veteran traders stunned as SpaceX fans bet on 80% overnight gains: ‘I’ve never seen anything like it’
Believers in Elon Musk’s astronomic vision for SpaceX are storming options.
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Student loan borrowers face glitches and misinformation ahead of major July 1 changes, advocates say
Organizations that work with student borrowers report technical glitches that are making it difficult to get correct information and to access repayment plans.
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Prediction market traders speculate Anthropic will restore access quickly to AI model after Trump admin directed it to limit reach
Traders think it’s more likely than not that access is restored by July 1.
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This AI play is no longer a ‘hidden gem,’ but Wall Street is still underestimating its potential, says Melius
The research firm initiated coverage with a buy rating.
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Novig wins CFTC approval as competition intensifies in sports prediction markets
Novig is building a peer-to-peer sports trading platform that allows users to trade directly against one another rather than bet against the house.
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