Tag: Wall Street
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US stocks mostly up after data shows slightly lower inflation in July
Briefing.com analyst Patrick O’Hare said the market was “pretty disposed to upside action.”
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Everything is going right for the financials sector. Why that is
Financials are running away as a group, with just about every corner offering something compelling for investors.
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SpaceX short sellers are running out of bullets as stock rebounds more than 40% off low
Short interest in SpaceX fell to about 11% of the company’s publicly traded shares Wednesday, down sharply from a peak of 34% last week, according to S3.
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New York City Council announces probe into prediction market platforms’ marketing strategies
In letters to four prediction market platforms, City Council Speaker Julie Menin said the council was also actively considering legislation to address concerns.
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Is betting on elections using prediction markets illegal? Many states are unsure as midterms approach
Twenty-three states have laws banning betting on elections, according to Pew Research. Not every state is sure these rules apply to prediction market trades.
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AI computing power is becoming a tradable asset class as CME launches futures contracts
The exchange is partnering with Silicon Data to introduce two compute futures contracts on Oct. 5, pending regulatory review.
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Polymarket makes moves to get house in order before expected boom times for prediction markets this fall
The marketing changes come amid an investigation by the Commodity Futures Trading Commission into the company’s promotional practices.
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Nvidia partners with Wall Street giants to raise $500 billion for AI buildout
Aug 10 : Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure.The move highlights how surging demand for AI computing capacity is drawing institutional investors, as go
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Global stocks mixed while oil prices jump on Hormuz
“Stocks are doing their best to ignore the situation in the Persian Gulf,” said analyst Steve Sosnick of Interactive Brokers.
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Nvidia, Wall Street firms partner on $500 billion AI financing venture, source says
Aug 10 : A group of financial firms, including Apollo Global and Blackstone, is working with Nvidia to put together a $500 billion funding package for AI infrastructure development, a person familiar with the matter told Reuters on Monday.Nvidia’s shares fell over 3 per cent in afternoon trading.The ti
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