Kalshi is moving into the sports insurance sector through a partnership with specialist broker Game Point Capital, signalling a shift in how insurers hedge financial exposure tied to sports performance. The regulated prediction market exchange is positioning itself within a fast-growing industry valued at around $9 billion annually and expected to double by 2030. The
Gold prices rose more than 1% on Wednesday as a weaker dollar and falling bond yields boosted sentiment. Gold prices climbed back over $5,100 per ounce, while silver rose more than 4% as investors digested key employment data from the US. Meanwhile, oil prices also jumped more than 2%, with Brent hitting $70 per barrel
Tesla stock rose about 2.5% on Monday, extending a rebound that began late last week, as investors responded to fresh updates on the company’s commercial truck program and renewable energy ambitions. The move followed a 3.5% gain on Friday, which provided some relief after a difficult stretch for the stock. Entering Friday’s session, Tesla shares
Workday stock price has slipped into a technical bear market, moving from a record high of $310 in 2024 to the current $155. It is hovering at its lowest level since 2024, and has become a bargain as investors dump software companies. Workday stock has crashed amid software jitters Workday is a top software company
Novo Nordisk’s Denmark-listed shares climbed more than 7%, while the stock gained close to 6% in US premarket trading after telehealth company Hims & Hers said it would stop offering its newly launched oral obesity pill copycat following regulatory scrutiny. Hims & Hers, by contrast, fell nearly 20% in premarket trading. Additionally, Novo Nordisk also
The top cryptocurrency news in LATAM this week includes: XDC Network crosses $100 million in tokenized assets in Brazil, Argentina introduces its first public Bitcoin treasury model, and Brazilian investors express increasing interest in “digital gold” in light of the metal’s recent surge. Argentina’s first public Bitcoin Treasury model Argentina’s public Bitcoin treasury represents a
The oversupply in the oil market at the beginning of the year is likely to have been sharply lower than previously expected. The International Energy Agency (IEA) has revised its outlook for the global oil market, specifically downgrading its prior expectations concerning the magnitude of the supply surplus. This adjustment was not a recent development
US stocks rose on Friday, positioning major indexes for a positive end to a volatile week marked by sharp losses in technology shares and renewed concerns over cryptocurrency markets. The S&P 500 gained about 0.9%, while the Nasdaq Composite advanced 0.8%. The Dow Jones Industrial Average climbed 573 points, or roughly 1.1%. The gains pushed
The Snap stock price crashed to a record low and flipped a crucial support level for the first time ever. It dropped to an all-time low of $5.9 after the company published its financial results and launched a large share buyback, a sign that the management expects it to rebound. Snap launches a share buyback
US stock index futures were muted on Wednesday after a sharp rotation out of technology stocks dragged major benchmarks to a losing session, while investors assessed earnings updates and prepared for key labor-market data later in the day. Futures tied to the S&P 500 rose 0.26% on Wednesday morning, while Dow Jones Industrial Average futures