Business
Kalshi Ends Donald Trump Jr. Advisory Deal Over $500M Polymarket Bet
Kalshi ended Donald Trump Jr.'s paid advisory contract after 1789 Capital committed roughly $300 million to lead rival Polymarket's latest $1 billion funding round.
Business
How the CME FedWatch Tool Calculates Rate Probabilities
CBOT 30-Day Fed Funds futures trade at 100 minus the expected monthly Effective Federal Funds Rate, letting CME Group isolate FOMC rate odds using non-meeting anchor months.
Business
Nvidia Board Prepares to Oust CEO Jensen Huang as Stock Drops 9%
Nvidia shares dropped more than 9% after hours following a Wall Street Journal report that the board is preparing to remove CEO Jensen Huang after a reported affair with VP Kimberly Powell.
Business
Kraken’s xStocks Adds 200 UK and EU Shares as Assets Top $1.1B
Kraken parent Payward added more than 200 British and European stocks to xStocks on Wednesday, pushing the tokenized equity platform past $1.1 billion in assets and 1,500 listings.
Business
How the Bureau of Labor Statistics Calculates the Consumer Price Index
The Bureau of Labor Statistics collects about 100,000 retail prices and 8,000 rent quotes across 32 urban areas each month to calculate the Consumer Price Index.
Business
US Consumer Prices Rise 0.4% in October, Beating Forecasts Before Fed Vote
The U.S. Consumer Price Index rose 0.4% in October while core inflation climbed 0.3%, topping economist forecasts and cementing expectations for a December Fed rate hike.